AMERICAN INSTITUTE OF THE HISTORY OF PHARMACY

EIN: 390128183 501(c)(3) Health Care

MADISON, WI

Total Revenue
$395,155
Total Expenses
$171,786
Total Assets
$2,265,430
Net Assets
$2,250,561
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
WI
Principal Officer
LUCAS RICHERT
Phone
6082625378
Tax Period
2024-07-01 to 2025-06-30

AMERICAN INSTITUTE OF THE HISTORY OF PHARMACY, founded in 1943, is a small nonprofit in the Health Care sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 183% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223K, a strong 57% operating margin.

Mission

RESEARCH IN THE HISTORY OF PHARMACY, PUBLISHING OF HISTORICAL WORKS, ORGANIZING OF CONFERENCES AND GRANTING OF SCHOLARSHIPS AND AWARDS.

Program Service Accomplishments

Program 1
Expenses: $132,903 Revenue: $64,068

RESEARCH IN THE HISTORY OF PHARMACY, PUBLISHING OF HISTORICAL WORKS, ORGANIZING OF CONFERENCES AND GRANTING OF SCHOLARSHIPS AND AWARDS.

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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 $45,288
Program Service Revenue $59,983
Investment Income $285,819
Other Revenue $4,065
TOTAL REVENUE $395,155

Expense Breakdown

Grants Paid $1,914
Salaries & Benefits $95,314
Fundraising Expenses $0
Program Expenses $132,903
Other Expenses $74,558
TOTAL EXPENSES $171,786

Year-over-Year Comparison

2024 2023 Change
Revenue $395,155 $139,813 +1.8%
Expenses $171,786 $180,560 0.0%
Net Income $223,369 $-40,747 -6.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
13

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY A ALVAREZ VICE PRESIDE 0.50
Officer Director
$0 $0 $0
CYNTHIA J BOYLE PRESIDENT 0.50
Officer Director
$0 $0 $0
SUSAN A CANTRELL BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN D GRABENSTEIN BOARD MEMBER 0.50
Director
$0 $0 $0
NIMESH JHAVARI BOARD MEMBER 0.50
Director
$0 $0 $0
PATRICIA C KIENLE SECRETARY 0.50
Officer Director
$0 $0 $0
LUCINDA MAINE BOARD MEMBER 0.50
Director
$0 $0 $0
HOLLY MASON TREASURER 0.50
Officer Director
$0 $0 $0
JEFFREY L STURCHIO BOARD MEMBER 0.50
Director
$0 $0 $0
STEVEN M SWANSON BOARD MEMBER 0.50
Director
$0 $0 $0
BEN URICK BOARD MEMBER 0.50
Director
$0 $0 $0
LUCAS RICHERT EXECUTIVE DI 10.00
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
2025 $395,155 $171,786 $2,265,430 $223,369
2024 $139,813 $180,560 $2,088,305 $-40,747
2023 $163,623 $247,123 $1,941,908 $-83,500
2022 $212,116 $246,259 $1,969,830 $-34,143
2021 $182,245 $187,984 $2,295,251 $-5,739
2020 $441,893 $395,240 $2,072,705 $46,653
2019 $254,100 $238,383 $2,342,965 $15,717
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