MICHIGAN PHARMACISTS ASSOCIATION (EIN 380830740) - 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

1913

Legal Domicile

Principal Officer

MARK GLASPER

Phone

5174841466

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN PHARMACISTS ASSOCIATION, founded in 1913, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 10% surplus.

Mission

TO REPRESENT THE PHARMACY PROFESSION FOR ADVANCING PUBLIC HEALTH AND PATIENT CARE IN MI.

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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 (2023)

Revenue Breakdown

Contributions & Grants $218,922

Program Service Revenue $2,114,530

Investment Income $318,702

Other Revenue $55,938

TOTAL REVENUE $2,708,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,336,463

Fundraising Expenses $0

Other Expenses $1,109,623

TOTAL EXPENSES $2,446,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,708,092	$2,391,501	+0.1%
Expenses	$2,446,086	$2,434,595	+0.0%
Net Income	$262,006	$-43,094	-7.1%

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

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

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

$209,345

Total Directors

$209,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA FASZCZEWSKI	DIRECTOR	5.00	Director	$0	$0	$0
JAMIE THARP	DIRECTOR	5.00	Director	$0	$0	$0
RYAN GREENLEY	DIRECTOR	5.00	Director	$0	$0	$0
JOHN CLARK	DIRECTOR	5.00	Director	$0	$0	$0
MARIA YOUNG	DIRECTOR	5.00	Director	$0	$0	$0
RYAN MOORE	DIRECTOR	5.00	Director	$0	$0	$0
MICHELLE SAHR	DIRECTOR	5.00	Director	$0	$0	$0
SARAH LERCHENFELDT	DIRECTOR	5.00	Director	$0	$0	$0
RYAN BICKEL	DIRECTOR	5.00	Director	$0	$0	$0
MARK GLASPER	CHIEF EXECUTIVE OFFICER	36.25	Officer Director	$181,331	$28,014	$209,345
ROBIN CURTIS	VICE SPEAKER	5.00	Officer	$0	$0	$0
KATIE AXFORD	SPEAKER	5.00	Officer	$0	$0	$0
MIKE CROWE	CHAIR	5.00	Officer	$0	$0	$0
MARC GUZZARDO	TREASURER	5.00	Officer	$0	$0	$0
SARAH HILL	PRESIDENT-ELECT	5.00	Officer	$0	$0	$0
HOPE BROXTERMAN	PRESIDENT	5.00	Officer	$0	$0	$0
RONALD DEVERS	AGENCY MANAGER	36.25	Highest	$163,069	$10,479	$173,548
FARAH JALLOUL	DIRECTOR OF PROF. DEVELOPMENT	36.25	Highest	$140,779	$13,848	$154,627
BRYAN FREEMAN	CHIEF STRATEGY DIRECTOR	36.25	Highest	$107,926	$4,317	$112,243

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	No data	No data	No data	No data
2023	$2,708,092	$2,446,086	$7,457,388	$262,006
2022	$2,391,501	$2,434,595	$7,110,249	$-43,094
2021	$2,532,542	$2,260,333	$7,222,458	$272,209
2020	$1,987,141	$1,998,489	$6,884,059	$-11,348
2019	$2,315,273	$2,116,375	$6,720,102	$198,898
2018	$1,909,705	$2,119,046	$6,304,379	$-209,341

MICHIGAN PHARMACISTS ASSOCIATION