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

THE WISCONSIN PHARMACY FOUNDATION IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION TO SUPPORT AND PURSUE PROFESSIONAL EDUCATION AND RESEARCH PROGRAMS TO ADVANCE THE SCIENCE AND PRACTICE OF PHARMACY. WORKING IN COORDINATION WITH PSW, THE FOUNDATION SUPPORTS UNIQUE EDUCATIONAL OPPORTUNITIES AND LEADERSHIP DEVELOPMENT FOR WISCONSIN PHARMACISTS AND STUDENT PHARMACISTS AND PURSUES PRACTICE-BASED RESEARCH PROJECTS. THE FOUNDATION ALSO PURSUES FUNDRAISING EFFORTS THROUGH GIFTS FROM PHARMACY SOCIETY OF WISCONSIN (PSW) MEMBERS, RESEARCH GRANTS, AND OTHER CHARITABLE GIFTS TO ENABLE THE ORGANIZATION TO CONTRACT FOR SERVICES AND PURSUE ITS PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $230,881 Revenue: $0

THE WISCONSIN PHARMACY FOUNDATION IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION TO SUPPORT AND PURSUE PROFESSIONAL EDUCATION AND RESEARCH PROGRAMS TO ADVANCE THE SCIENCE AND PRACTICE OF PHARMACY.WORKING...

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THE WISCONSIN PHARMACY FOUNDATION IS A NON-PROFIT, TAX-EXEMPT ORGANIZATION TO SUPPORT AND PURSUE PROFESSIONAL EDUCATION AND RESEARCH PROGRAMS TO ADVANCE THE SCIENCE AND PRACTICE OF PHARMACY.WORKING IN COORDINATION WITH THE PHARMACY SOCIETY OF WISCONSIN, THE FOUNDATION PROMOTES INNOVATION TO ACCELERATE THE DEVELOPMENT OF LEADERS AND THE WORKFORCE THAT ADVANCE PHARMACY.HWPP/AHW - PROMOTING WISCONSIN INFLUENZA VACCINE EQUITY THROUGH PHARMACY ENGAGEMENT - USING A POPULATION HEALTH APPROACH, THIS PROGRAM INVESTIGATED AND ADDRESSED LOW INFLUENZA VACCINATION RATES AMONG ALL PEOPLE IN WISCONSIN AGED 6 MONTHS AND OLDER. ENGAGED PARTNERS CHARACTERIZED INFLUENZA VACCINE BARRIERS AND FACILITATORS. SIX INDIVIDUAL INTERVIEWS AND THREE FOCUS GROUPS WERE COMPLETED AND TRANSCRIBED TO IDENTIFY THEMES. WISCONSIN IMMUNIZATION REGISTRY (WIR) DATA FROM THE 2022-2023 INFLUENZA VACCINE SEASON WERE RECEIVED. DATA WAS ANALYZED BY COUNTY, AGE, GENDER, RACE/ETHNICITY, AND SITE OF ADMINISTRATION TO CHARACTERIZE THE INVOLVEMENT BY PHARMACIES IN VACCINATION EFFORTS. THEMES AND WIR DATA WERE SUMMARIZED AND PRESENTED TO TWO DISTINCT IMMUNIZATION GROUPS. TO ADDRESS LOW VACCINATION RATES, HWPP FACILITATED THE TRAINING AND ENGAGEMENT OF PHARMACIST AND PHARMACY TECHNICIAN VACCINATORS IN THE STATE OF WISCONSIN. DURING THE PROGRAM, 15 ADDITIONAL PHARMACISTS AND 65 PHARMACY TECHNICIANS COMPLETED THE IMMUNIZATION CERTIFICATE PROGRAM. DIDACTIC CONTINUING EDUCATION SESSIONS WERE PROVIDED EMPHASIZING MOTIVATIONAL INTERVIEWING, HEALTH LITERACY, AND VACCINE HESITANCY AND VACCINE EQUITY. ADDITIONALLY, PARTNERING WITH THREE COMMUNITY PHARMACIES AND THREE COMMUNITY-BASED ORGANIZATIONS IN THREE DISTINCT COUNTIES ACROSS WISCONSIN RESULTED IN SUPPORTING 20 PLACE-BASED EDUCATIONAL SESSIONS ABOUT VACCINES IN A CULTURALLY COMPETENT MANNER.MOBILIZING COMMUNITIES FOR A JUST RESPONSE - THIS PROGRAM IMPLEMENTED PHARMACIST-PROVIDED, COMMUNITY-BASED, CULTURALLY SENSITIVE VACCINE AND IMMUNIZATION EDUCATION. EDUCATIONAL SESSIONS WERE PROVIDED AS PART OF REGULARLY SCHEDULED EVENTS AND ROUTINE OPERATING PRACTICES OF THE PARTNERING COMMUNITY-BASED ORGANIZATIONS (CBOS) (E.G., COMMUNITY PICNICS, HEALTH FAIRS, HEALTH RISK ASSESSMENTS, HMONG NEW YEAR, DIABETES SUPPORT GROUP, FOOD PANTRY, COMMUNITY DINNERS, AND A HOLIDAY GIFT EXCHANGE/PARTY). THIS PROGRAM INCLUDED PARTNERING WITH SIX COMMUNITY PHARMACIES AND SIX CBOS ACROSS FOUR DISTINCT COUNTIES WITHIN WISCONSIN. A TOTAL OF 58 EDUCATIONAL SESSIONS WERE CONDUCTED ACROSS THE SIX DAYS. PARTNERS PARTICIPATED IN NINE COHORT MEETINGS, FACILITATED BY THE WPF/PSW STAFF, TO COLLABORATIVELY DISCUSS EDUCATIONAL PROGRAM SUCCESSES AND CHALLENGES. IMPLEMENTING THIS INTEGRATED EDUCATIONAL MODEL INTO THE COMMUNITY, BUILT TRUST AND SUPPORTED SUSTAINABILITY, FACILITATED BI-DIRECTIONAL COMMUNICATION BETWEEN THE CBOS AND PHARMACIES WHILE CONTINUING TO IMPROVE PARTICIPANT HEALTH LITERACY, CREATED A PHARMACY HOME AND ULTIMATELY DECREASED VACCINE HESITANCY TO IMPROVE VACCINATION RATES IN UNDERSERVED POPULATIONS.DECKER-TEMPLE LEADERSHIP PHARMACY CONFERENCE - PROVIDE CONFERENCE PARTICIPANTS WITH STRONG LEADERSHIP TRAINING. INCREASE AWARENESS OF ISSUES IMPACTING THE PROFESSION OF PHARMACY NATIONALLY AND IN THEIR OWN STATE. ENCOURAGE THE INVOLVEMENT OF ALL NEW PRACTITIONERS IN PROFESSIONAL AND COMMUNITY ACTIVITIES. DEVELOP NEW PRACTITIONERS FOR LEADERSHIP POSITIONS WITHIN THE PROFESSION.

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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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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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