WISCONSIN PHARMACY FOUNDATION INC

EIN: 391817686 501(c)(3) Education

MADISON, WI

Total Revenue
$277,652
Total Expenses
$347,029
Total Assets
$1,543,023
Net Assets
$1,512,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
WI
Principal Officer
SARAH SORUM
Phone
6088279200
Tax Period
2023-01-01 to 2023-12-31

WISCONSIN PHARMACY FOUNDATION INC, founded in 1969, is a small nonprofit in the Education sector that reported $278K in total revenue in fiscal year 2023. Expenses of $347K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO ADVANCE, IMPROVE, AND PROMOTE THE PROFESSION OF PHARMACY; TO SUPPORT OPPORTUNITIES FOR THE EXCHANGE OF EXPERTISE, EXPERIENCES AND OPINIONS THROUGH MEETINGS, COMMUNICATIONS, EDUCATION, RESEARCH, AND PUBLICATIONS FOR PHARMACY PROFESSIONALS; TO SUPPORT THE EDUCATIONAL NEEDS AND LEADERSHIP DEVELOPMENT OF PHARMACY PROFESSIONALS; TO PROMOTE KNOWLEDGE AND UNDERSTANDING AMONG THE GENERAL PUBLIC OF THE PROFESSION OF PHARMACY; AND, TO RAISE AND MAINTAIN FUNDS TO SUPPORT AND ADVANCE THE OTHER PURPOSES DESCRIBED HEREIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $215,838
Program Service Revenue $0
Investment Income $47,960
Other Revenue $13,854
TOTAL REVENUE $277,652

Expense Breakdown

Grants Paid $11,641
Salaries & Benefits $0
Fundraising Expenses $102
Program Expenses $230,881
Other Expenses $335,388
TOTAL EXPENSES $347,029

Year-over-Year Comparison

2023 2022 Change
Revenue $277,652 $269,918 +0.0%
Expenses $347,029 $287,091 +0.2%
Net Income $-69,377 $-17,173 +3.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
4
$360,567
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE GILLARD OFFICER 0.70
Officer Director
$0 $0 $0
MATTHEW MABIE CHAIR 0.70
Officer Director
$0 $0 $0
MELISSA THEESFELD OFFICER 0.70
Officer Director
$0 $0 $0
STEVE ROUGH DIRECTOR 0.70
Director
$0 $0 $0
DEAN GRUBER DIRECTOR 0.70
Director
$0 $0 $0
RUSSELL JENSEN DIRECTOR 0.70
Director
$0 $0 $0
LYNNAE MAHANEY DIRECTOR 0.70
Director
$0 $0 $0
SARAH SORUM SECRETARY-TREASURER 5.00
Officer
$0 $33,241 $360,567
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 $277,652 $347,029 $1,543,023 $-69,377
2022 $269,918 $287,091 $1,531,481 $-17,173
2021 $250,837 $138,915 $1,753,084 $111,922
2020 $316,209 $266,434 $1,686,365 $49,775
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