TEXAS INDEPENDENT PHARMACIES ASSOC… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $68,078 Revenue: $63,583

THE PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE MONITORING THE LEGISLATIVE PROCESS TO DETERMINE THE IMPACT OF NEW LEGISLATION ON THE PHARMACY INDUSTRY AND HEALTHCARE MATTERS THAT IMPACT ALL TEXANS.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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

TEXAS INDEPENDENT PHARMACIES ASSOCIATION