AMERICAN ASSOCIATION OF PHARMACEUTICAL SCIENTISTS

EIN: 521444968 501(c)(3) Health Care

ARLINGTON, VA

Total Revenue
$7,698,359
Total Expenses
$10,681,879
Total Assets
$10,225,078
Net Assets
$3,559,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Principal Officer
TINA MORRIS PHD
Phone
7032432800
Tax Period
2023-10-01 to 2024-09-30

AMERICAN ASSOCIATION OF PHARMACEUTICAL SCIENTISTS, founded in 1986, is a community nonprofit in the Health Care sector that reported $7.7M in total revenue in fiscal year 2023. Expenses of $10.7M exceeded revenue, resulting in a 39% operating deficit.

Mission

AAPS ADVANCES THE CAPACITY OF PHARMACEUTICAL SCIENTISTS TO DEVELOP PRODUCTS AND THERAPIES THAT IMPROVE GLOBAL HEALTH.

Program Service Accomplishments

Program 1
Expenses: $6,289,038 Revenue: $3,022,791

EDUCATIONAL PROGRAMS: AAPS PROVIDES ITS MEMBERS WITH A BROAD AND EVOLVING ARRAY OF EDUCATIONAL PROGRAMS. FOR FISCAL YEAR 2024, APPROXIMATELY 3,800 REGISTRANTS ATTENDED OUR 2023 PHARMSCI 360 EVENT IN...

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EDUCATIONAL PROGRAMS: AAPS PROVIDES ITS MEMBERS WITH A BROAD AND EVOLVING ARRAY OF EDUCATIONAL PROGRAMS. FOR FISCAL YEAR 2024, APPROXIMATELY 3,800 REGISTRANTS ATTENDED OUR 2023 PHARMSCI 360 EVENT IN ORLANDO, FL. AAPS ALSO OFFERS E-LEARNING OPPORTUNITIES THROUGH ITS ONLINE EDUCATION PROGRAM.

Program 2
Expenses: $2,357,644 Revenue: $976,930

MEMBERSHIP PROGRAMS: AAPS KEEPS MEMBERS UPDATED ON THE LATEST INFORMATION RELATED TO THE PHARMACEUTICAL SCIENCES; PROVIDES OPPORTUNITIES FOR PHARMACEUTICAL SCIENTISTS TO SHARE THEIR SCIENCE; AND...

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MEMBERSHIP PROGRAMS: AAPS KEEPS MEMBERS UPDATED ON THE LATEST INFORMATION RELATED TO THE PHARMACEUTICAL SCIENCES; PROVIDES OPPORTUNITIES FOR PHARMACEUTICAL SCIENTISTS TO SHARE THEIR SCIENCE; AND BUILDS THE COMMUNITY OF PHARMACEUTICAL SCIENTISTS IN ORDER TO ADVANCE THE DEVELOPMENT OF DRUGS AND THERAPIES THAT IMPROVE GLOBAL HEALTH. IN FISCAL YEAR 2024, THE FOLLOWING PRODUCTS AND SERVICES WERE AVAILABLE TO MEMBERS: THE OPPORTUNITY TO BECOME PART OF A NUMBER OF SCIENTIFIC COMMUNITIES TO COLLABORATE AND SHARE THEIR SCIENCE; THE PHARMSCI 360 CONFERENCE; THE NATIONAL BIOTECHNOLOGY CONFERENCE; AND WORKSHOPS FOCUSED ON SPECIFIC SCIENTIFIC CONTENT.

Program 3
Expenses: $363,036 Revenue: $702,470

PUBLICATIONS: AAPS AND ITS PUBLISHER PRODUCE 4 PEER-REVIEWED RESEARCH JOURNALS, PROVIDED TO ALL AAPS MEMBERS AND TO OVER 8,000 ORGANIZATIONS WORLDWIDE. IN 2024, THERE WERE MORE THAN 3.2 MILLION...

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PUBLICATIONS: AAPS AND ITS PUBLISHER PRODUCE 4 PEER-REVIEWED RESEARCH JOURNALS, PROVIDED TO ALL AAPS MEMBERS AND TO OVER 8,000 ORGANIZATIONS WORLDWIDE. IN 2024, THERE WERE MORE THAN 3.2 MILLION DOWNLOADS OF JOURNAL CONTENT. IN FISCAL YEAR 2024, AAPS AND ITS PUBLISHER ALSO PUBLISHED 10 SCIENTIFIC BOOKS TOTAL IN 2 BOOK SERIES, AVAILABLE ONLINE BY CHAPTER OR FULL BOOK AND IN PRINT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $692,435
Program Service Revenue $6,244,760
Investment Income $105,247
Other Revenue $655,917
TOTAL REVENUE $7,698,359

Expense Breakdown

Grants Paid $43,752
Salaries & Benefits $3,873,804
Fundraising Expenses $0
Program Expenses $9,009,718
Other Expenses $6,764,323
TOTAL EXPENSES $10,681,879

Year-over-Year Comparison

2023 2022 Change
Revenue $7,698,359 $7,454,874 +0.0%
Expenses $10,681,879 $10,269,294 +0.0%
Net Income $-2,983,520 $-2,814,420 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
35
Volunteers
1700

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
6
$525,758
Total Directors
12
$525,758
Key Employees
2
$470,699
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TINA MORRIS PHD EXECUTIVE DIRECTOR 37.50
Officer Director
$470,825 $54,933 $525,758
TAPAN DAS PHD TREASURER 5.00
Officer Director
$0 $0 $0
PATRICK J SINKO PHD RPH IMMEDIATE PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
GOPI SHANKAR PHD MBA FAAPS PRESIDENT 5.00
Officer Director
$0 $0 $0
RUSSELL WEINER PHD PRESIDENT-ELECT 5.00
Officer Director
$0 $0 $0
LAKSHMI AMARAVADI PHD MEMBER-AT-LARGE UNTIL 10/25/23 5.00
Director
$0 $0 $0
NIKOLETTA FOTAKI PHD FAAPS MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
AMANDA HAYS PHD MEMBER-AT-LARGE 5.00
Officer Director
$0 $0 $0
CINDY OKSANEN PHD MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
ALIASGER SALEM PHD MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
PETER SWANN PHD FAAPS MEMBER-AT-LARGE 5.00
Director
$0 $0 $0
FAYE VAZVAEI-SMITH MS MEMBER-AT-LARGE UNTIL 10/25/23 5.00
Director
$0 $0 $0
ERIK BURNS SR DIR CORP ENG. & STRATEGIC BUSINESS 37.50
Key Emp
$219,911 $22,228 $242,139
JOY DAVIS MANAGING DIRECTOR 37.50
Key Emp
$199,046 $29,514 $228,560
SHERRY MARTIN-LONG IT DIRECTOR 37.50
Highest
$166,370 $36,581 $202,951
STEPHANIE DEASON CONTROLLER 37.50
Highest
$149,639 $33,793 $183,432
MARIA L BOX MEMBERSHIP & COMMUNITIES DIRECTOR 37.50
Highest
$128,638 $22,018 $150,656
STEPHENIE ZVONKOVICH MEETINGS DIRECTOR 37.50
Highest
$120,022 $19,569 $139,591
STACEY ROYSTON DIGITAL SUPPORT DIRECTOR 37.50
Highest
$127,496 $14,281 $141,777
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 $7,698,359 $10,681,879 $10,225,078 $-2,983,520
2023 $7,454,874 $10,269,294 $13,905,032 $-2,814,420
2021 $11,114,261 $8,092,166 $17,272,832 $3,022,095
2020 $8,815,157 $9,455,739 $17,366,761 $-640,582
2019 $10,419,886 $10,942,163 $19,207,654 $-522,277
2018 $9,765,317 $11,005,393 $20,814,128 $-1,240,076
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