AMERICAN ASSOCIATION OF COLLEGES O… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

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 $12.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

ADVANCE PHARMACY EDUCATION, RESEARCH, SCHOLARSHIP, PRACTICE AND SERVICE, IN PARTNERSHIP WITH MEMBERS AND STAKEHOLDERS, TO IMPROVE HEALTH FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $2,688,548 Revenue: $2,562,755

MEETINGS: AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY'S (THE ASSOCIATION) MEMBER-DIRECTED PROGRAMMING PROVIDES PHARMACY EDUCATORS WITH OPPORTUNITIES TO NETWORK WITH PEERS AT THE ASSOCIATION'S...

MEETINGS: AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY'S (THE ASSOCIATION) MEMBER-DIRECTED PROGRAMMING PROVIDES PHARMACY EDUCATORS WITH OPPORTUNITIES TO NETWORK WITH PEERS AT THE ASSOCIATION'S ANNUAL, INTERIM AND OTHER MEETINGS FOR THE PURPOSE OF ENRICHMENT, PROFESSIONAL GROWTH AND DEVELOPMENT. THE ASSOCIATION'S ANNUAL MEETING IS THE LARGEST GATHERING OF ACADEMIC PHARMACY ADMINISTRATORS, FACULTY AND STAFF AND OFFERS MORE THAN 75 EDUCATIONAL PROGRAMS THAT CUT ACROSS ALL DISCIPLINES. THE ASSOCIATION ALSO HOLDS OTHER SPECIALIZED MEETINGS ON TOPICS RELATED TO PROFESSIONAL EDUCATION, LEADERSHIP AND CURRICULAR DEVELOPMENT.

Program 2

Expenses: $2,499,953 Revenue: $3,405,504

PHARMCAS: THE PHARMACY COLLEGE APPLICATION SERVICE (PHARMCAS) IS A CENTRALIZED APPLICATION SERVICE THAT IS USED BY THE MAJORITY OF THE COLLEGES AND SCHOOLS OF PHARMACY. DESIGNED FOR FIRST YEAR...

PHARMCAS: THE PHARMACY COLLEGE APPLICATION SERVICE (PHARMCAS) IS A CENTRALIZED APPLICATION SERVICE THAT IS USED BY THE MAJORITY OF THE COLLEGES AND SCHOOLS OF PHARMACY. DESIGNED FOR FIRST YEAR PROFESSIONAL PHARMACY DEGREE APPLICANTS, PHARMCAS OFFERS A SIMPLE, EFFICIENT PROCESS TO APPLY TO MULTIPLE COLLEGES AND SCHOOLS OF PHARMACY USING A SINGLE WEBBASED APPLICATION. THIS PROGRAM ASSISTS MEMBER SCHOOLS BY HELPING MEET THEIR MISSION OF EDUCATING AND TRAINING PHARMACISTS.

Program 3

Expenses: $1,249,139 Revenue: $4,456,134

MEMBER SERVICES: THE ASSOCIATION OFFERS UNIQUE BENEFITS, SERVICES, AND OPPORTUNITIES FOR INSTITUTIONAL AND INDIVIDUAL MEMBERS WITH CHALLENGING AND RELEVANT EDUCATIONAL PROGRAMMING, ADVOCACY EFFORTS, PUBLICATIONS, AND PARTNERSHIP INITIATIVES DESIGNED TO PROVIDE OPPORTUNITIES TO PHARMACY PROFESSIONALS AT EVERY STAGE OF THEIR DEVELOPMENT. THE ASSOCIATION'S CORE IDEOLOGY - TO PROVIDE LEADERSHIP IN ADVANCING THE QUALITY OF PHARMACY EDUCATION AT ALL LEVELS - IS REFLECTED IN THE TEACHING, RESEARCH, AND SERVICE ACTIVITIES THAT TAKE PLACE WITHIN AND OUTSIDE OUR NATION'S COLLEGES AND SCHOOLS OF PHARMACY. THE ASSOCIATION SEEKS TO PROVIDE LEADERSHIP IN ADVANCING AND ENHANCING THE QUALITY OF EDUCATION AND TRAINING IN ITS MEMBER INSTITUTIONS.

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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 $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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Financial Health Indicators

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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

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

$649,557

Total Directors

Key Employees

$802,334

Highest Compensated

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

AMERICAN ASSOCIATION OF COLLEGES OF PHARMACY