WESTERN MEDICAID PHARMACY ADMINIST… - 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

1983

Legal Domicile

Principal Officer

CHAD HOPE

Phone

2186398999

Tax Period

2022-01-01 to 2022-12-31

WESTERN MEDICAID PHARMACY ADMINISTRATORS' ASSOCIATION, founded in 1983, is a small nonprofit that reported $345K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $400K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FURTHER UNDERSTANDING OF PHARMACY ISSUES.

Program Service Accomplishments

Program 1

Expenses: $400,115

THE WESTERN MEDICAID PHARMACY ADMINISTRATORS' ASSOCIATION IS OPERATED TO HELP DISSEMINATE INFORMATION ABOUT VALID PHARMACY AND MEDICAID ISSUES. MEETINGS ARE SPONSORED BY THE ASSOCIATION TO ACHIEVE...

THE WESTERN MEDICAID PHARMACY ADMINISTRATORS' ASSOCIATION IS OPERATED TO HELP DISSEMINATE INFORMATION ABOUT VALID PHARMACY AND MEDICAID ISSUES. MEETINGS ARE SPONSORED BY THE ASSOCIATION TO ACHIEVE THIS GOAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $344,921

Investment Income $81

Other Revenue $0

TOTAL REVENUE $345,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $400,115

Other Expenses $400,115

TOTAL EXPENSES $400,115

Year-over-Year Comparison

	2022	2021	Change
Revenue	$345,002	$214,128	+0.6%
Expenses	$400,115	$267,628	+0.5%
Net Income	$-55,113	$-53,500	+0.0%

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

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
TERRY COTHRAN	DIRECTOR	0.50	Director	$0	$0	$0
CORI COOPER	SECRETARY	0.50	Officer Director	$0	$0	$0
CHAD HOPE	TREASURER	2.00	Officer Director	$0	$0	$0
BRENDAN JOYCE	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
SUZANNE BERMAN	CHAIRMAN	2.00	Officer 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
2022	$345,002	$400,115	$491,726	$-55,113
2021	$214,128	$267,628	$546,880	$-53,500
2020	$992	$5,218	$600,339	$-4,226
2019	$353,607	$256,827	$605,234	$96,780
2018	$414,028	$388,958	$507,785	$25,070

WESTERN MEDICAID PHARMACY ADMINISTRATORS' ASSOCIATION