NATIONAL ASSOCIATION OF BOARDS OF PHARMACY FOUNDATION

EIN: 362677921 501(c)(3)

MOUNT PROSPECT, IL

Total Revenue
$852,988
Total Expenses
$737,724
Total Assets
$5,703,562
Net Assets
$4,720,547
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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
IL
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 $917K in total revenue in fiscal year 2018. The organization ran a surplus of $460K, a strong 50% operating margin.

Mission

THE NABP FOUNDATION ESTABLISHES CONTINUING EDUCATION PROGRAMS.

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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%)

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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

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Governance

Voting Members
12
Independent Members
8
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
5
$757,905
Total Directors
12
$23,000
Key Employees
0
$0
Highest Compensated
0
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
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