PHARMACY SOCIETY OF WISCONSIN INC

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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

1881

Legal Domicile

Principal Officer

SARAH SORUM

Phone

6088279200

Tax Period

2024-01-01 to 2024-12-31

PHARMACY SOCIETY OF WISCONSIN INC, founded in 1881, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024.

Mission

PROVIDE A UNIFIED VOICE, RESOURCES, AND LEADERSHIP TO ADVANCE THE PHARMACY PROFESSION AND IMPROVE THE QUALITY OF MEDICATION USE IN WISCONSIN.

Program Service Accomplishments

Program 1

EDUCATION - THE PHARMACY SOCIETY OF WISCONSIN PROVIDES MULTIPLE WAYS FOR PHARMACISTS AND PHARMACY TECHNICIANS TO COMPLETE THEIR REQUIRED CE TRAINING. IN ADDITION TO ONLINE CE COURSES, PSW ALSO OFFERS A WIDE RANGE OF PROFESSIONAL CONFERENCES FOR PHARMACY PROFESSIONALS TO NETWORK AND SHARE IDEAS WITH THEIR COLLEAGUES.

Program 2

ADVOCACY - THE PHARMACY SOCIETY OF WISCONSIN IS A LOBBYING ORGANIZATION THAT PROMOTES THE WORK OF PHARMACY PROFESSIONALS AND THE ADVANCEMENT OF PHARMACY PRACTICE TO THE WISCONSIN STATE LEGISLATURE...

ADVOCACY - THE PHARMACY SOCIETY OF WISCONSIN IS A LOBBYING ORGANIZATION THAT PROMOTES THE WORK OF PHARMACY PROFESSIONALS AND THE ADVANCEMENT OF PHARMACY PRACTICE TO THE WISCONSIN STATE LEGISLATURE. MEMBERS HAVE THE OPPORTUNITY TO COMMUNICATE WITH THEIR LEGISLATORS BOTH IN-PERSON AND OVER EMAIL.

Program 3

RESOURCES - THE PHARMACY SOCIETY OF WISCONSIN HAS COMPILED A LARGE LIBRARY OF PHARMACY RELATED RESOURCES TO ASSIST YOU IN YOUR DAY-TO-DAY PRACTICE AND BEYOND. RESOURCES INCLUDE; TOOLKITS & MANUALS...

RESOURCES - THE PHARMACY SOCIETY OF WISCONSIN HAS COMPILED A LARGE LIBRARY OF PHARMACY RELATED RESOURCES TO ASSIST YOU IN YOUR DAY-TO-DAY PRACTICE AND BEYOND. RESOURCES INCLUDE; TOOLKITS & MANUALS, PRACTICE SPECIFIC INFORMATION, JOB NETWORK AND MUCH MORE.

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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 $323,848

Program Service Revenue $1,536,341

Investment Income $187,586

Other Revenue $41,720

TOTAL REVENUE $2,089,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,493,705

Fundraising Expenses $0

Other Expenses $701,747

TOTAL EXPENSES $2,195,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,089,495	$2,147,879	0.0%
Expenses	$2,195,452	$2,349,410	-0.1%
Net Income	$-105,957	$-201,531	-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

$274,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN MILLER	PRESIDENT (FROM SEPTEMBER)	1.00	Officer Director	$0	$0	$0
NICOLE SCHREINER	PRESIDENT ELECT (FROM AUGUST)	1.00	Officer Director	$0	$0	$0
HANNET TIBAGWA AMBORD	CHAIR (FROM SEPT)	1.00	Officer Director	$0	$0	$0
JANET FRITSCH	CHAIR (THRU AUGUST)	1.00	Officer Director	$0	$0	$0
NICHOLAS LADELL	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN WITTENBERG	TECHNICIAN SECTION PRESIDENT (FROM AUGUST)	1.00	Director	$0	$0	$0
AMANDA LEIMAN	TECHNICIAN SECTION PRESIDENT (THRU AUG)	1.00	Director	$0	$0	$0
ANDREA MAIER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MCGOWAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHIEK	DIRECTOR	1.00	Director	$0	$0	$0
DIANE ERDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MOSCHEA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MUCHKA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE THIEL	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN OSE	DIRECTOR	1.00	Director	$0	$0	$0
SIRR GRICE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PEPPARD	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GREGG	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SORUM	EXECUTIVE VICE PRESIDENT & CEO	40.00	Officer	$238,489	$35,620	$274,109
SARAH PAGENKOPF	DIR, PROFESSIONAL & EDUCATIONAL SERVICES	40.00	Highest	$163,014	$5,576	$168,590
KATHERINE HARTKOPF	DIRECTOR OF TEAM-BASED CARE STRATEGIES & BUS DEV	40.00	Highest	$151,126	$21,200	$172,326
DANIELLE WOMACK	VP, PUBLIC POLICY & ADVOCACY	40.00	Highest	$129,526	$3,771	$133,297
KARI TRAPSKIN	SR VP, PRACTICE TRANSFORMATION	32.00	Highest	$129,434	$3,769	$133,203

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	$2,089,495	$2,195,452	$4,451,351	$-105,957
2023	$2,147,879	$2,349,410	$4,411,208	$-201,531
2022	$2,218,026	$2,165,342	$4,051,415	$52,684
2021	$2,164,056	$1,774,932	$4,590,033	$389,124
2020	$1,626,191	$1,505,246	$4,157,604	$120,945