PARENTERAL DRUG ASSOCIATION INC

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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

1994

Legal Domicile

Principal Officer

GLENN WRIGHT

Phone

3016565900

Tax Period

2024-01-01 to 2024-12-31

PARENTERAL DRUG ASSOCIATION INC, founded in 1994, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP SCIENTIFICALLY SOUND, PRACTICAL TECHNICAL INFORMATION AND RESOURCES TO ADVANCE SCIENCE AND REGULATION FOR THE PHARMACEUTICAL AND BIOPHARMACEUTICAL INDUSTRY THROUGH THE EXPERTISE OF OUR GLOBAL MEMBERSHIP.

Program Service Accomplishments

Program 1

PROGRAMS & MEETINGS-EDUCATE MEMBERS AND NON-MEMBERS BY TEACHING DEVELOPMENTS IN MANUFACTURING AND QUALITY CONTROL FOR PRIMARY STERILE PRODUCT DEVELOPMENTS.

Program 2

TRAINING & RESEARCH INSTITUE (TRI)EDUCATIONAL COURSES - TECHNICAL TRAINING FOR SCIENTISTS IN THE PHARMACEUTICAL AREAS OF MANUFACTURING, DEVELOPMENT AND QUALITY CONTROL. TRAINING - TRAIN MEMBERS AND...

Program 3

MEMBERSHIP & CHAPTER SERVICES-PROVIDE THE LATEST GUIDELINES FOCUSING ON TECHNOLOGY INFORMATION ON MANUFACTURING, TECHNICAL REPORTS, AND QUALITY CONTROL.

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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 $1,393,400

Program Service Revenue $12,683,688

Investment Income $335,382

Other Revenue $924,306

TOTAL REVENUE $15,336,776

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $6,265,989

Fundraising Expenses $0

Other Expenses $9,396,749

TOTAL EXPENSES $15,667,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,336,776	$13,567,833	+0.1%
Expenses	$15,667,738	$13,508,016	+0.2%
Net Income	$-330,962	$59,817	-6.5%

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

Volunteers

1891

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

$473,512

Total Directors

Key Employees

$1,170,745

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANIL SAWANT PHD	CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA SEYMOUR MBA	CHAIR-ELLECT	1.00	Officer Director	$0	$0	$0
SUSAN SCHNIEPP	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
EMMA RAMNARINE	TREASURER	1.00	Officer Director	$0	$0	$0
BETTINE BOLTRES PHD	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIANA CAMPA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CHANG	DIRECTOR	1.00	Director	$0	$0	$0
CYLIA CHEN QOI	DIRECTOR	1.00	Director	$0	$0	$0
MIRKO GABRIELE	DIRECTOR	1.00	Director	$0	$0	$0
MARC GLOGOVSKY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN KRAUSE PHD	DIRECTOR	1.00	Director	$0	$0	$0
IVY LOUIS	DIRECTOR	1.00	Director	$0	$0	$0
AMY MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
BRIGITTE REUTTER-HAERLE	DIRECTOR	1.00	Director	$0	$0	$0
OSAMU SKIROKIZAWA	DIRECTOR	1.00	Director	$0	$0	$0
GLENN WRIGHT	CEO	37.50	Officer	$426,542	$46,970	$473,512
JENNIFER BELL	CFO	37.50	Key Emp	$239,928	$53,529	$293,457
DAVID HALL	VP EXHIBITS	37.50	Key Emp	$243,228	$66,092	$309,320
DAVID TALMAGE	VP EDUCATION	37.50	Key Emp	$217,711	$72,104	$289,815
MOLLY O'NEILL	VP PROGRAMS	37.50	Key Emp	$216,974	$61,179	$278,153
WALTER MORRIS III	SR DIRECTOR PUBLICATIONS	37.50	Highest	$174,796	$35,212	$210,008
ALETHEA TAVARES	CHIEF OF STAFF	37.50	Highest	$162,887	$27,694	$190,581
JOSHUA EATON	SR DIRECTOR SRA	37.50	Highest	$161,218	$38,848	$200,066
MICHAEL PORTER	SR DIRECTOR, EDUCATION	37.50	Highest	$140,141	$16,817	$156,958
FARAMARZ KOLIVAND	SR WEB DEVELOPER	37.50	Highest	$143,243	$34,298	$177,541

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	$15,336,776	$15,667,738	$18,736,014	$-330,962
2022	$15,089,728	$13,301,962	$20,602,292	$1,787,766
2021	$8,044,773	$10,547,266	$14,078,226	$-2,502,493
2020	$7,747,423	$9,503,016	$13,130,551	$-1,755,593
2019	$12,218,515	$14,012,166	$13,763,882	$-1,793,651
2018	$14,350,028	$13,527,896	$14,031,792	$822,132