APPALACHIAN COLLEGE OF PHARMACY (EIN 260069167) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

MICHAEL MCGLOTHLIN

Phone

2764984190

Tax Period

2024-07-01 to 2025-06-30

APPALACHIAN COLLEGE OF PHARMACY is a community nonprofit in the Education sector that reported $8.7M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

THE APPALACHIAN COLLEGE OF PHARMACY, A COLLEGE OF HIGHER EDUCATION CONFERRING THE DOCTOR OF PHARMACY DEGREE, PROVIDES ACADEMIC, SCIENTIFIC, AND PROFESSIONAL PHARMACY EDUCATION TO ADDRESS THE HEALTH-RELATED NEEDS OF RURAL AND UNDER-SERVED COMMUNITIES, PARTICULARLY THOSE IN APPALACHIA, THROUGH EDUCATION, SERVICE, AND SCHOLARSHIP. THE PHILOSOPHY OF THE COLLEGE IS TO CULTIVATE A LEARNING COMMUNITY COMMITTED TO EDUCATION, COMMUNITY OUTREACH, AND THE PROFESSIONAL DEVELOPMENT OF PHARMACISTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $478,705

Program Service Revenue $4,695,377

Investment Income $726,381

Other Revenue $85,957

TOTAL REVENUE $5,986,420

Expense Breakdown

Grants Paid $273,278

Salaries & Benefits $5,102,969

Fundraising Expenses $0

Program Expenses $6,123,381

Other Expenses $2,364,495

TOTAL EXPENSES $7,740,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,986,420	$7,555,400	-0.2%
Expenses	$7,740,742	$7,859,948	0.0%
Net Income	$-1,754,322	$-304,548	+4.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$70,170

Total Directors

Key Employees

$297,287

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCIUS ELLSWORTH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT COLE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
REBECCA THORNBURY	TREASURER	1.00	Officer Director	$0	$0	$0
SHERRI RATLIFF	SECRETARY	1.00	Officer Director	$0	$0	$0
J CARROLL BRANHAM	TRUSTEE	1.00	Director	$0	$0	$0
SUE CANTRELL MD	TRUSTEE	1.00	Director	$0	$0	$0
TIM HESS	TRUSTEE	1.00	Director	$0	$0	$0
GINGER ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
IDA HARNS	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG HORN	TRUSTEE	1.00	Director	$0	$0	$0
THE HONERABLE PAT JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
SUSIE MULLINS	TRUSTEE	1.00	Director	$0	$0	$0
FRANNIE MINTON	TRUSTEE	1.00	Director	$0	$0	$0
DIXIE TOOKE-RAWLINS	TRUSTEE	1.00	Director	$0	$0	$0
ROGER RIFE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN ROCOVICH JR	TRUSTEE	1.00	Director	$0	$0	$0
EURAL VIERS	TRUSTEE	1.00	Director	$0	$0	$0
JIM VIERS	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG STILTNER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCGLOTHLIN	PRESIDENT	28.00	Officer	$66,938	$3,232	$70,170
SUSAN MAYHEW	DEAN	40.00	Key Emp	$264,529	$32,758	$297,287
MARVIN MCGEORGE	ASSISTANT DEAN	40.00	Highest	$152,553	$22,757	$175,310
MARCY HENRICK	ASSSITANT DEAN	40.00	Highest	$149,535	$22,359	$171,894
CRAIG MULLINS	DEPARTMENT CHAIR	30.00	Highest	$145,535	$22,308	$167,843
ELSHAMLY ABDELFATTAH	FACULTY	28.00	Highest	$140,020	$21,627	$161,647
JAMES FLORENCE	DEAN-DRPH	40.00	Highest	$200,111	$17,122	$217,233

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$5,986,420	$7,740,742	$33,752,786	$-1,754,322
2024	$7,555,400	$7,859,948	$35,042,471	$-304,548
2023	$5,403,157	$7,665,943	$34,714,347	$-2,262,786
2022	$7,728,362	$7,227,192	$36,195,397	$501,170
2021	$13,922,412	$7,138,750	$37,106,476	$6,783,662
2020	$8,349,004	$7,482,577	$29,546,982	$866,427
2019	$8,707,579	$7,253,825	$28,051,389	$1,453,754

APPALACHIAN COLLEGE OF PHARMACY