PHARMACISTS EDUCATION FOUNDATION INC

EIN: 311102549 501(c)(3)

GREENSBURG, IN

Total Revenue
$39,869
Total Expenses
$36,965
Total Assets
$509,337
Net Assets
$509,337
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IN
Principal Officer
DARREN COVINGTON
Phone
3176344968
Tax Period
2024-01-01 to 2024-12-31

PHARMACISTS EDUCATION FOUNDATION INC, founded in 1983, is a micro nonprofit that reported $40K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $37K left a modest 7% surplus.

Mission

SUPPORT INDIANA PHARMACISTS BY RAISING FUNDS TO ADVANCE PHARMACY PRACTICE EDUCATION AND SCHOLARSHIPS.

Program Service Accomplishments

Program 1
Expenses: $34,840

THE FOUNDATION AWARDED 4000 IN SHOLARSHIPS TO STUDENTS FROM INDIANA COLLEGES OF PHARMACY. THE FOUNDATION ALSO PROVIDED 24,000 IN FINANCIAL SUPPORT FOR THE INDIANA PHARMACY ASSOCIATION'S EDUCATIONAL...

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THE FOUNDATION AWARDED 4000 IN SHOLARSHIPS TO STUDENTS FROM INDIANA COLLEGES OF PHARMACY. THE FOUNDATION ALSO PROVIDED 24,000 IN FINANCIAL SUPPORT FOR THE INDIANA PHARMACY ASSOCIATION'S EDUCATIONAL ACTIVITIES. THIS FINANCIAL SUPPORT HELPED COVER ADMINISTRATIVE COSTS FOR CONDUCTING INDIANA PHARMACY ASSOCIATION'S EDUCATIONAL ACTIVITIES, INCLUDING THE ANNUAL MEETING AND FALL CONFERENCE, MONTHLY WEBINAR SERIES, CERTIFICATION PROGRAMS AND OTHER EDUCATIONAL OFFERINGS. THIS SUPPORT ENABLED REGISTRANTS TO RECEIVE CONTINUING EDUCATION AT A REDUCED COST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,501
Program Service Revenue $0
Investment Income $28,920
Other Revenue $3,448
TOTAL REVENUE $39,869

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,840
Other Expenses $32,965
TOTAL EXPENSES $36,965

Year-over-Year Comparison

2024 2023 Change
Revenue $39,869 $19,854 +1.0%
Expenses $36,965 $32,275 +0.1%
Net Income $2,904 $-12,421 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
8

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
$112,090
Total Directors
10
$112,090
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARREN COVINGTON SECRETARY/TR 2.00
Officer Director
$0 $3,090 $112,090
STEPHANIE ARNETT BOARD MEMBER 0.25
Director
$0 $0 $0
MARK BUNTON PAST PRESIDE 0.25
Officer Director
$0 $0 $0
BRUCE CLAYTON BOARD MEMBER 0.25
Director
$0 $0 $0
DAN DEGNAN PRESIDENT 0.25
Officer Director
$0 $0 $0
WILL IFLEACHOR BOARD MEMBER 0.25
Director
$0 $0 $0
KATHY SHOEMAKER PRESIDENT EL 0.25
Officer Director
$0 $0 $0
LYNN THOMA BOARD MEMBER 0.25
Director
$0 $0 $0
VERONICA VERNON BOARD MEMBER 0.25
Director
$0 $0 $0
ROBERT WARHURST BOARD MEMBER 0.25
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 $39,869 $36,965 $509,337 $2,904
2023 $19,854 $32,275 $488,718 $-12,421
2022 $-14,214 $30,451 $457,597 $-44,665
2021 $35,834 $26,500 $582,736 $9,334
2020 $42,066 $32,837 $546,107 $9,229
2019 $26,181 $30,407 $532,058 $-4,226
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