MICHIGAN PHARMACY FOUNDATION

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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

1992

Legal Domicile

Principal Officer

MARK GLASPER

Phone

5174841466

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN PHARMACY FOUNDATION, founded in 1992, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $66K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $155K exceeded revenue, resulting in a 136% operating deficit.

Mission

TO ADVANCE PHARMACY THROUGH EDUCATION, PRACTICE INNOVATION AND RESEARCH FOCUSED ON PATIENT CARE, FOR THE IMPROVEMENT AND PROMOTION OF PUBLIC HEALTH AND PUBLIC EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $141,911 Revenue: $4,605

TO PROVIDE RESEARCH GRANTS, PILOT FUNDS AND STUDENT GRANTS AND TO EDUCATE INTERESTED PARTIES THROUGH CONFERENCES, CONVENTIONS AND MEETINGS.

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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 $49,749

Program Service Revenue $4,605

Investment Income $11,229

Other Revenue $0

TOTAL REVENUE $65,583

Expense Breakdown

Grants Paid $12,781

Salaries & Benefits $90,387

Fundraising Expenses $9,047

Program Expenses $141,911

Other Expenses $51,742

TOTAL EXPENSES $154,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,583	$50,016	+0.3%
Expenses	$154,910	$110,695	+0.4%
Net Income	$-89,327	$-60,679	+0.5%

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

$293,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRUBAKER	TRUSTEE	1.00	Director	$0	$0	$0
TERRY GOTTSCHALL	TRUSTEE	1.00	Director	$0	$0	$0
GHADA ABDALLAH	TRUSTEE	1.00	Director	$0	$0	$0
DENISE MARKSTROM	TRUSTEE	1.00	Director	$0	$0	$0
AMY ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES VANDER LINDE	TRUSTEE	1.00	Director	$0	$0	$0
RANI SAADALLAH	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HUIZENGA	TRUSTEE	1.00	Director	$0	$0	$0
ROX GATIA	TRUSTEE	1.00	Director	$0	$0	$0
HOPE BROXTERMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MAKSYM	CHAIR	1.00	Officer	$0	$0	$0
MARGARET PEGGY MALOVRH	VICE CHAIR	1.00	Officer	$0	$0	$0
SUSAN ERICKSON	TREASURER	1.00	Officer	$0	$0	$0
MARK GLASPER	SECRETARY	1.00	Officer	$0	$28,014	$209,345
RICK DRABEK	EXECUTIVE DIRECTOR	40.00	Officer	$72,050	$12,532	$84,582

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	$65,583	$154,910	$781,128	$-89,327
2022	$50,016	$110,695	$802,836	$-60,679
2021	$105,119	$64,653	$985,063	$40,466
2020	$77,382	$56,287	$896,786	$21,095
2019	$93,382	$68,170	$816,801	$25,212
2018	$101,807	$64,940	$708,627	$36,867