ALABAMA PHARMACY ASSOCIATION HEALTH HEALTH & WELFARE PLAN (EIN 467360323) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

JOHNNY BROOKLERE

Phone

3342714222

Tax Period

2023-01-01 to 2023-12-31

ALABAMA PHARMACY ASSOCIATION HEALTH AND WELFARE PLAN, founded in 2014, is a community nonprofit in the Mutual Benefit sector that reported $6.3M in total revenue in fiscal year 2018. Expenses of $6.0M left a modest 6% surplus.

Mission

THE PLAN PROVIDES HEALTH AND WELFARE BENEFITS FOR PARTICIPATING MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,897,561

Investment Income $67,082

Other Revenue $0

TOTAL REVENUE $9,964,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $878,664

TOTAL EXPENSES $10,211,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,964,643	$9,401,458	+0.1%
Expenses	$10,211,365	$9,411,285	+0.1%
Net Income	$-246,722	$-9,827	+24.1%

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

N/A

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
JOHNNY BROOKLERE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BUDDY BUNCH	DIRECTOR	0.50	Director	$0	$0	$0
JOE DALTON	DIRECTOR	0.50	Director	$0	$0	$0
LAURA DARBY	DIRECTOR	0.50	Director	$0	$0	$0
COLE SANDLIN	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$9,964,643	$10,211,365	$2,232,669	$-246,722
2022	$9,401,458	$9,411,285	$2,449,455	$-9,827
2021	$6,787,735	$6,417,821	$2,365,483	$369,914
2020	$7,661,470	$7,342,671	$1,826,169	$318,799
2019	$7,212,870	$6,824,602	$1,629,138	$388,268
2018	$6,307,754	$5,951,190	$1,054,493	$356,564

ALABAMA PHARMACY ASSOCIATION HEALTH HEALTH & WELFARE PLAN