MT SINAI HOSPITAL PHARMACY ASSOCIATION (EIN 371610574) - 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

1969

Legal Domicile

Principal Officer

JUSTIN MABRY

Phone

2122417752

Tax Period

2024-01-01 to 2024-12-31

MT SINAI HOSPITAL PHARMACY ASSOCIATION, founded in 1969, is a small nonprofit that reported $319K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $359K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE INSURANCE BENEFITS TO PHARMACISTS IN THE UNION. THE ASSOCIATION ALSO NEGOCIATES COLLECTIVE BARGAINING AGREEMENTS AND PROVIDES REPRESENTATION TO MEMBERS WITH MANAGEMENT.

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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 $318,497

Program Service Revenue $0

Investment Income $111

Other Revenue $0

TOTAL REVENUE $318,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,397

TOTAL EXPENSES $358,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,608	$407,304	-0.2%
Expenses	$358,943	$362,669	0.0%
Net Income	$-40,335	$44,635	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN MABRY	PRESIDENT	5.00	Officer	$0	$0	$0
RZA ABASOV	VICE PRESIDENT	5.00	Officer	$0	$0	$0
PHILLIP YE	SECRETARY	5.00	Officer	$0	$0	$0
ALLA KHODZHAYEVA	SECRETARY	3.00	Officer	$0	$0	$0
RAFFAELE SCARPITTI	TREASURER	5.00	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	$318,608	$358,943	$94,345	$-40,335
2023	$407,304	$362,669	$134,679	$44,635
2022	$293,739	$330,039	$90,044	$-36,300
2021	$332,757	$303,416	$125,982	$29,341
2020	$337,035	$305,112	$96,641	$31,923
2019	$198,065	$228,690	$64,717	$-30,625
2018	$251,863	$232,731	$76,210	$19,132

MT SINAI HOSPITAL PHARMACY ASSOCIATION