AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY

EIN: 362376972 501(c)(3) Health Care

ARLINGTON, VA

Total Revenue
$11,957,546
Total Expenses
$13,128,468
Total Assets
$13,650,560
Net Assets
$5,723,362
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
VA
Principal Officer
LEE C VERMEULEN JR
Phone
7037392330
Tax Period
2024-07-01 to 2025-06-30

AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $13.3M in total revenue in fiscal year 2017.

Mission

ADVANCE PHARMACY EDUCATION, RESEARCH, SCHOLARSHIP, PRACTICE AND SERVICE.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $615,315
Program Service Revenue $10,518,687
Investment Income $516,937
Other Revenue $306,607
TOTAL REVENUE $11,957,546

Expense Breakdown

Grants Paid $479,167
Salaries & Benefits $5,459,703
Fundraising Expenses $0
Program Expenses $10,128,798
Other Expenses $7,189,598
TOTAL EXPENSES $13,128,468

Year-over-Year Comparison

2024 2023 Change
Revenue $11,957,546 $11,046,261 +0.1%
Expenses $13,128,468 $12,384,193 +0.1%
Net Income $-1,170,922 $-1,337,932 -0.1%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
47
Volunteers
96

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
7
$649,557
Total Directors
14
$0
Key Employees
3
$802,334
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANANDI V LAW PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBIN ZAVOD PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
CRAIG D COX IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID HOLDFORD TREASURER 1.00
Officer Director
$0 $0 $0
GLORIA GRICE SPEAKER OF THE HOUSE 1.00
Officer Director
$0 $0 $0
JENNIFER L ADAMS DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY J BLOOM DIRECTOR 1.00
Director
$0 $0 $0
RUCHA BOND DIRECTOR 1.00
Director
$0 $0 $0
JEFF CAIN DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER M HOOKSTRA DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE A KELLEY DIRECTOR 1.00
Director
$0 $0 $0
GEORGE E MACKINNON III DIRECTOR 1.00
Director
$0 $0 $0
ANA C QUINONES-BOEX DIRECTOR 1.00
Director
$0 $0 $0
WALTER T SMITH DIRECTOR 1.00
Director
$0 $0 $0
LEE C VERMEULEN JR EVP & CEO 37.50
Officer
$351,300 $835 $352,135
SUBRAMANYAM RAMAMURTHY SR. VP, CFO 37.50
Officer
$253,058 $44,364 $297,422
LYNETTE BRADLEY-BAKER SR. VP, CHIEF ENGAGEMENT OFFICER 37.50
Key Emp
$253,073 $52,635 $305,708
KELLY RAGUCCI SR. VP, CAO 37.50
Key Emp
$219,336 $40,909 $260,245
TERRI S MOORE VP, CHIEF STRATEGY&DIVERSITY OFFICER 37.50
Key Emp
$203,618 $32,763 $236,381
SARAH P SHRADER SR. DIRECTOR OF AP & PD 37.50
Highest
$171,330 $29,483 $200,813
MICHELLE ASSA-ELEY SR. DIRECTOR OF EDUCATION 37.50
Highest
$161,822 $18,499 $180,321
DOROTHY F FARRELL SR. DIRECTOR OF SCIENCE POLICY, CSO 37.50
Highest
$151,173 $41,121 $192,294
MAUREEN O THIELEMANS SENIOR DIRECTOR OF COMMUNICATIONS 37.50
Highest
$129,832 $32,360 $162,192
CHRISTOPHER J DESIMONE CHIEF OF STAFF 37.50
Highest
$131,425 $10,514 $141,939
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
2025 $11,957,546 $13,128,468 $13,650,560 $-1,170,922
2024 $11,046,261 $12,384,193 $14,578,846 $-1,337,932
2023 $11,309,569 $12,004,446 $14,813,125 $-694,877
2022 $11,822,520 $10,698,101 $14,816,007 $1,124,419
2021 $11,230,893 $10,032,195 $14,466,774 $1,198,698
2020 $11,915,728 $12,373,262 $11,415,887 $-457,534
2019 $13,135,473 $12,642,369 $12,447,400 $493,104
2018 $13,283,650 $12,994,021 $11,279,795 $289,629
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