PHARMACISTS EDUCATION FOUNDATION INC (EIN 311102549) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

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.

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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%)

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

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

N/A

Volunteers

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

$112,090

Total Directors

$112,090

Key Employees

Highest Compensated

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

PHARMACISTS EDUCATION FOUNDATION INC