Illinois Pharmacists Association (EIN 361257350) - 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

1997

Legal Domicile

Principal Officer

Garth Reynolds

Phone

2175227300

Tax Period

2023-01-01 to 2023-12-31

Illinois Pharmacists Association, founded in 1997, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

The IPHA is dedicated to enhancing the professional competency of pharmacists, advancing the standards of practice, improving pharmacists' effectiveness in assuring rational drug use in society, and leading the resolution of public policy issues affecting pharmacists.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,817

Program Service Revenue $448,317

Investment Income $1,255

Other Revenue $526

TOTAL REVENUE $700,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,995

Fundraising Expenses $0

Program Expenses $511,048

Other Expenses $395,160

TOTAL EXPENSES $681,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,915	$787,559	-0.1%
Expenses	$681,155	$805,305	-0.2%
Net Income	$19,760	$-17,746	-2.1%

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

$127,072

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam An	Director	2.00	Director	$0	$0	$0
Brittany Hoffma-Eubanks	Director	2.00	Director	$0	$0	$0
Joseph Bogdan	Director	2.00	Director	$0	$0	$0
Michelle Dyer	Director	2.00	Director	$0	$0	$0
Craig Fisher	Director	2.00	Director	$0	$0	$0
Emily Wetherholt	Director	2.00	Director	$0	$0	$0
Janeen Winnike	Director	2.00	Director	$0	$0	$0
Golden Peters	Director	2.00	Director	$0	$0	$0
Lisa Goode	Director	2.00	Director	$0	$0	$0
Dave Bagot	President Elect	2.00	Director	$0	$0	$0
Garth Reynolds	Executive Director	40.00	Officer	$123,391	$3,681	$127,072
Rupesh Manek	President	2.00	Officer	$0	$0	$0
Carrie Wiggins	Chairman of the Board	2.00	Officer	$0	$0	$0
Bedrija Nikocevic	Vice President	2.00	Officer	$0	$0	$0
Bruce Wood	Secretary	2.00	Officer	$0	$0	$0
David Mikus	Treasurer	2.00	Officer	$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	No data	No data	No data	No data
2023	$700,915	$681,155	$794,646	$19,760
2022	$787,559	$805,305	$784,242	$-17,746
2021	$741,789	$711,354	$858,413	$30,435
2020	$867,662	$804,451	$938,968	$63,211
2019	$981,857	$923,672	$677,650	$58,185
2018	$911,678	$918,401	$730,389	$-6,723

Illinois Pharmacists Association