NATIONAL ASSOCIATION OF BOARDS OF … - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

LEMREY AL CARTER

Phone

8473914406

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION, founded in 1969, is a small nonprofit that reported $853K in total revenue in fiscal year 2024. Revenue surged 215% from the prior year, signaling strong growth momentum. Expenses of $738K left a modest 14% surplus.

Mission

THE NABP FOUNDATION ESTABLISHES CONTINUING EDUCATION PROGRAMS TO INFORM, EDUCATE AND INSTRUCT PHARMACY BOARD MEMBERS AND STAFF, DRUG LAW ENFORCEMENT AGENTS, LEGAL COUNSEL FOR THE BOARDS, AND PHARMACISTS AND OTHER HEALTH PROFESSIONALS. THE NABP FOUNDATION PROMOTES VOLUNTARY COMPLIANCE WITH PHARMACY AND DRUG LAWS BY HEALTH PROFESSIONALS AND ASSISTS PHARMACY BOARD MEMBERS IN MEETING THEIR RESPONSIBILITIES.

Program Service Accomplishments

Program 1

Expenses: $464,769 Revenue: $119,483

THE NABP FOUNDATION SUPPORTS A COMPREHENSIVE, NATIONAL DATABANK OF STATE PHARMACY LAWS AND REGULATIONS, KNOWN AS NABPLAW. NABPLAW'S POWERFUL ONLINE SEARCH CAPABILITIES ALLOW USERS TO RESEARCH...

THE NABP FOUNDATION SUPPORTS A COMPREHENSIVE, NATIONAL DATABANK OF STATE PHARMACY LAWS AND REGULATIONS, KNOWN AS NABPLAW. NABPLAW'S POWERFUL ONLINE SEARCH CAPABILITIES ALLOW USERS TO RESEARCH SUBJECTS ONE STATE AT A TIME OR ACROSS ALL FIFTY STATES AND THE DISTRICT OF COLUMBIA.

Program 2

Expenses: $124,445 Revenue: $15,785

TOGETHER WITH THE STATE BOARDS OF PHARMACY, THE NABP FOUNDATION ACTS ON MATTERS OF COMMON CONCERN AFFECTING THE PUBLIC HEALTH THROUGH THE PRODUCTION AND DISSEMINATION OF QUARTERLY "STATE...

TOGETHER WITH THE STATE BOARDS OF PHARMACY, THE NABP FOUNDATION ACTS ON MATTERS OF COMMON CONCERN AFFECTING THE PUBLIC HEALTH THROUGH THE PRODUCTION AND DISSEMINATION OF QUARTERLY "STATE NEWSLETTERS", WHICH PROVIDE PHARMACISTS WITH VITAL INFORMATION ABOUT THEIR STATE PHARMACY LAWS AND BOARD OF PHARMACY REGULATIONS. IN ADDDITION, THE QUARTERLY "NATIONAL PHARMACY COMPLIANCE NEWS" PROVIDES IMPORTANT NEWS AND ALERTS FROM THE FDA, DEA, HHS & CPSC, AS WELL AS CURRENT NATIONAL DEVELOPMENTS AFFECTING PHARMACY PRACTICE.

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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 $95,167

Program Service Revenue $135,268

Investment Income $622,553

Other Revenue $0

TOTAL REVENUE $852,988

Expense Breakdown

Grants Paid $114,363

Salaries & Benefits $382,922

Fundraising Expenses $0

Program Expenses $589,214

Other Expenses $240,439

TOTAL EXPENSES $737,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,988	$270,733	+2.2%
Expenses	$737,724	$600,124	+0.2%
Net Income	$115,264	$-329,391	-1.3%

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

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

$757,905

Total Directors

$23,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINALD DILLIARD	CHAIRMAN	3.00	Officer Director	$0	$0	$5,000
LENORA S NEWSOME	PRESIDENT	5.00	Officer Director	$0	$0	$8,000
JEFFREY J MESAROS	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$5,000
NICOLE L CHOPSKI	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY S HAMILTON	TREASURER	1.00	Officer Director	$0	$0	$5,000
TRACI COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
JANET GETZEY	DIRECTOR	1.00	Director	$0	$0	$0
SHANE R WENDEL	DIRECTOR	1.00	Director	$0	$0	$0
STACEY RANUCCI	DIRECTOR	1.00	Director	$0	$0	$0
KAMLISH GANDHI	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH C MACK	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN W SCHIERHOLT	DIRECTOR	1.00	Director	$0	$0	$0
LEMREY AL CARTER	EXECUTIVE DIRECTOR/SECRETA	3.00	Officer	$0	$69,196	$734,905

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	$852,988	$737,724	$5,703,562	$115,264
2023	$270,733	$600,124	$5,670,351	$-329,391
2022	$1,572,856	$751,349	$5,423,452	$821,507
2021	$565,197	$446,080	$5,559,060	$119,117
2020	$228,981	$511,918	$5,053,072	$-282,937
2019	$355,266	$557,878	$4,993,452	$-202,612
2018	$917,001	$457,330	$4,733,630	$459,671

NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION