KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION INC (EIN 311012133) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

BEN MUDD

Phone

5022227230

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION INC, founded in 1980, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $7.9M left a modest 4% surplus.

Mission

KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION IS A NONPROFIT PROFESSIONAL ORGANIZATION WHOSE GOALS ARE TO PROVIDE EDUCATION ACCREDITATION AND CONTINUING EDUCATION OPPORTUNITIES FOR KENTUCKY PHARMACISTS TO MEET THEIR ANNUAL CE LICENSE REQUIREMENTS REQUIRED BY THE COMMONWEALTH OF KENTUCKY, PROMOTE THE PROFESSION OF PHARMACY, ENHANCE THE PRACTICE STANDARDS OF THE PROFESSION, AND DEMONSTRATE THE VALUE OF PHARMACISTS SERVICES WITHIN THE HEALTHCARE SYSTEM. THE FOUNDATION ALSO OVERSEES AND ADMINISTERS VARIOUS PROGRAMS DESIGNED TO PROVIDE PHARMACEUTICALS AND SUPPORT SERVICES THROUGHOUT KENTUCKY IN TIMES OF DISASTERS AND EMERGENCIES. IN ADDITION, THE FOUNDATION PROVIDES SERVICES AND SUPPLIES IN CONJUNCTION WITH STATE AND LOCAL AGENCIES AS PART OF THE HARM REDUCTION PROGRAM TO FIGHT THE OPIOID ABUSE CRISIS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,497,276

Program Service Revenue $571,333

Investment Income $65,522

Other Revenue $140,404

TOTAL REVENUE $8,274,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,914

Fundraising Expenses $5,042

Program Expenses $7,728,059

Other Expenses $7,286,894

TOTAL EXPENSES $7,939,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,274,535	$9,041,404	-0.1%
Expenses	$7,939,808	$8,682,526	-0.1%
Net Income	$334,727	$358,878	-0.1%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$179,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN MUDD	EXECUTIVE DI	10.00	Officer	$0	$5,225	$179,379
CLARK KEBODEAUX	BOARD CHAIR	2.00	Officer	$0	$0	$0
LAKIN MARR	TREASURER	2.00	Officer	$0	$0	$0
KYLE HARRIS	PRESIDENT	2.00	Officer	$0	$0	$0
SAM WILLETT	SECRETARY	2.00	Officer	$0	$0	$0
CHAD CORUM	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN LAMPING	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY KOOGLER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM PAT MATTINGLY	DIRECTOR	2.00	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
2024	$8,274,535	$7,939,808	$1,858,154	$334,727
2023	$9,041,404	$8,682,526	$1,702,796	$358,878
2022	$6,039,566	$5,853,309	$1,079,468	$186,257
2021	$5,496,404	$5,237,064	$611,145	$259,340
2020	$3,082,351	$3,015,331	$516,636	$67,020
2019	$2,587,542	$2,876,972	$175,396	$-289,430

KENTUCKY PHARMACY EDUCATION & RESEARCH FOUNDATION INC