TEXAS INDEPENDENT PHARMACIES ASSOCIATION

EIN: 455426993

AUSTIN, TX

Total Revenue
$63,583
Total Expenses
$73,090
Total Assets
N/A
Net Assets
N/A
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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
2012
Legal Domicile
TX
Principal Officer
CHRISTOPHER S SHIELDS
Phone
5124762644
Tax Period
2020-01-01 to 2020-12-31

TEXAS INDEPENDENT PHARMACIES ASSOCIATION, founded in 2012, is a micro nonprofit that reported $64K in total revenue in fiscal year 2020. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROMOTE THE BUSINESS INTERESTS OF INDEPENDENTLY-OWNED PHARMACIES ACROSS TEXAS

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $63,583
Investment Income $0
Other Revenue $0
TOTAL REVENUE $63,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,078
Other Expenses $73,090
TOTAL EXPENSES $73,090

Year-over-Year Comparison

2020 2019 Change
Revenue $63,583 $106,688 -0.4%
Expenses $73,090 $121,538 -0.4%
Net Income $-9,507 $-14,850 -0.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
11

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE KOEHN TREASURER 1.00
Director
$0 $0 $0
JD FAIN PRESIDENT 1.00
Director
$0 $0 $0
KENNETH CATTLES VP 1.00
Director
$0 $0 $0
TRENA WEIDMAN SECRETARY 1.00
Director
$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
2020 $63,583 $73,090 No data $-9,507
2019 $106,688 $121,538 $12,510 $-14,850
2018 $147,546 $174,889 $27,360 $-27,343
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