INDIAN PHARMACISTS ASSOCIATION OF CALIFORNIA

EIN: 262097387 Community Improvement

LOS ANGELES, CA

Total Revenue
$254,945
Total Expenses
$115,266
Total Assets
$608,578
Net Assets
$608,578
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
TEJAL PATEL
Phone
3107301770
Tax Period
2023-01-01 to 2023-12-31

INDIAN PHARMACISTS ASSOCIATION OF CALIFORNIA, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $255K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 55% operating margin.

Mission

TO KEEP THE MEMBER PHARMACISTS WELL INFORMED ABOUT THE CONSTANTLY CHANGING ENVIRONMENT OF THE PHARMACY PROFESSION.TO PROTECT AND FURTHER THE ECONOMIC INTERESTS OF ALL THE MEMBERS.TO SUPPORT AND ASSIST THOSE WHO ARE ASPIRING TO ENTER THE PROFESSION AND WHO HAVE CHOSEN TO PURSUE A CAREER IN PHARMACY, WITH ALL THE AVAILABLE RESOURCES.TO SERVE THE COMMUNITY BY PARTICIPATING IN THE COMMUNITY HEALTH FAIRS AND TO EDUCATE THE PUBLIC ABOUT HEALTH RELATED MATTERS.TO PROMOTE THE CULTURAL HERITAGE AND TO IMPROVE THE OPPORTUNITY FOR SOCIAL INTERACTION AMONG MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $61,100
Investment Income $5,114
Other Revenue $188,731
TOTAL REVENUE $254,945

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $110,266
TOTAL EXPENSES $115,266

Year-over-Year Comparison

2023 2022 Change
Revenue $254,945 $164,575 +0.5%
Expenses $115,266 $112,306 +0.0%
Net Income $139,679 $52,269 +1.7%
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

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Governance

Voting Members
10
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PURVA PATEL Director 1.00
Director
$0 $0 $0
JITESH ZALA Chairman 1.00
Officer Director
$0 $0 $0
PARTH PARIKH President 3.00
Officer Director
$0 $0 $0
TEJAL PATEL COO 2.00
Officer Director
$0 $0 $0
MANISHA PATEL Director 1.00
Director
$0 $0 $0
RAJAN VAIDYA Vice President 3.00
Officer Director
$0 $0 $0
SHUSHMA PATEL Director 1.00
Director
$0 $0 $0
INDRAVADAN R PATEL Director 1.00
Director
$0 $0 $0
ANIL BADLANI Director 1.00
Director
$0 $0 $0
RAMESH UPADHYAYULA Director 1.00
Director
$0 $0 $0
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
2023 $254,945 $115,266 $608,578 $139,679
2022 $164,575 $112,306 $468,899 $52,269
2021 $171,012 $110,527 $416,630 $60,485
2019 $90,418 $80,570 $310,667 $9,848
2018 $156,703 $83,777 $300,819 $72,926
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