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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Tuckman-Chang Vulnerability Assessment

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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 $9.8M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year. Expenses of $11.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE A FORUM FOR OPEN EXCHANGE AND DISSEMINATION OF SCIENTIFIC KNOWLEDGE.

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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%)

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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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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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