SOUTHERN ASSOCIATION OF MEDICAID PHARMACY ADMINISTRATORS (EIN 481135032) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

CAROLINA SOJOURNER

Phone

8038980813

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN ASSOCIATION OF MEDICAID PHARMACY ADMINISTRATORS, founded in 1993, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. Expenses of $234K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE ASSOCIATION IS OPERATED TO HELP DISSEMINATE INFORMATION ABOUT VALID PHARMACY ISSUES. MEETINGS ARE SPONSORED 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $136,104

Investment Income $6,630

Other Revenue $0

TOTAL REVENUE $142,734

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,894

Other Expenses $234,033

TOTAL EXPENSES $234,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,734	$144,792	0.0%
Expenses	$234,033	$145,947	+0.6%
Net Income	$-91,299	$-1,155	+78.0%

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

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
BENNY RIDOUT	PAST CHAIR	002.00	Officer Director	$0	$0	$0
MARYANN MCNEIL RPHR	CHAIR	002.00	Officer Director	$0	$0	$0
CAROLINE SOJOURNER	SECRETARY/TREASURER	002.00	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
2025	No data	No data	No data	No data
2024	$142,734	$234,033	$492,191	$-91,299
2023	$144,792	$145,947	$574,568	$-1,155
2022	$81,816	$135,394	$400,163	$-53,578
2021	$5,095	$3,482	$458,173	$1,613
2020	$44,398	$14,952	$453,601	$29,446
2019	$120,361	$150,542	$424,240	$-30,181
2018	$110,045	$113,360	$453,045	$-3,315

SOUTHERN ASSOCIATION OF MEDICAID PHARMACY ADMINISTRATORS