AMERICAN PHARMACISTS ASSOCIATION F… - 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

1953

Legal Domicile

Principal Officer

BENJAMIN BLUML

Phone

2026284410

Tax Period

2023-01-01 to 2023-12-31

AMERICAN PHARMACISTS ASSOCIATION FOUNDATION, founded in 1953, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

THE MISSION OF THE APHA FOUNDATION IS TO IMPROVE HEALTH BY INSPIRING PHILANTHROPY, RESEARCH AND INNOVATION THAT ADVANCES PHARMACISTS' PATIENT CARE SERVICES. THE APHA FOUNDATION LOOKS TO CREATE A NEW MEDICATION USE SYSTEM WHERE PATIENTS, PHARMACISTS, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS COLLABORATE TO DRAMATICALLY IMPROVE THE COST EFFECTIVENESS AND QUALITY OF PATIENT HEALTH OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $5,251,670

SCIENCE AND RESEARCH - OUR RESEARCH PROJECTS ESTABLISH NEW MODELS OF PRACTICE FOR PHARMACISTS AND REDEFINE PATIENTS HEALTHCARE EXPERIENCE. WE CONNECT EACH PATIENT TO A PHARMACIST WHO EMPOWERS THEM TO BECOME SUCCESSFUL IN MANAGING HIS OR HER OWN HEALTH. OUR WORK VALIDATED THAT THE PHARMACISTS ARE ESSENTIAL TO HELPING PATIENTS ACHIEVE BETTER HEALTH OUTCOMES. THE FOUNDATION RESEARCH PROJECTS INCLUDE IMMUNIZATION REGISTRIES, DIABETES PATIENT CREDENTIALING, DIABETES PREVENTION, RAPID CYCLE INNOVATION, TRIGLYCERIDES AWARENESS AND IMPACT INSTITUTE.

Program 2

Expenses: $191,488

AWARDS AND GRANTS - TO ENCOURAGE THE ENHANCEMENT OF PHARMACISTS SKILLS AND TO PROVIDE BETTER SERVICE TO THE PUBLIC IN THE AREA OF PHARMACEUTICAL CARE. THE FOUNDATION HAS THREE AWARD PROGRAMS: 1...

AWARDS AND GRANTS - TO ENCOURAGE THE ENHANCEMENT OF PHARMACISTS SKILLS AND TO PROVIDE BETTER SERVICE TO THE PUBLIC IN THE AREA OF PHARMACEUTICAL CARE. THE FOUNDATION HAS THREE AWARD PROGRAMS: 1. INCENTIVE GRANTS - PROVIDES SEED FUNDING TO PHARMACISTS WHO WANT TO ESTABLISH OR SUPPORT ALREADY EXISTING PATIENT CARE SERVICES WITHIN THEIR PHARMACY PRACTICE.2. PINNACLE AWARDS - ANNUAL RECOGNITION PROGRAM FOR CONTRIBUTIONS TO HEALTHCARE QUALITY THROUGH THE MEDICATION USE PROCESS.3. STUDENT PHARMACISTS PROGRAM - RECOGNIZES STUDENTS WHO HELP SHAPE THE FUTURE OF THE PROFESSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,404,506

Program Service Revenue $0

Investment Income $197,215

Other Revenue $9,389

TOTAL REVENUE $7,611,110

Expense Breakdown

Grants Paid $109,867

Salaries & Benefits $1,226,142

Fundraising Expenses $328,420

Program Expenses $5,443,158

Other Expenses $5,038,810

TOTAL EXPENSES $6,374,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,611,110	$3,830,801	+1.0%
Expenses	$6,374,819	$3,193,910	+1.0%
Net Income	$1,236,291	$636,891	+0.9%

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

$1,326,878

Total Directors

$913,287

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ILISA BERNSTEIN	SECRETARY (THRU 7/23)	2.00	Officer Director	$0	$20,815	$544,607
GARY KADLEC	TREASURER (THRU 3/23)	2.00	Officer Director	$0	$0	$0
ANJANETTE WYATT	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELIZABETH JOHNSON	VP (THRU 3/23)/DIRECTOR	2.00	Officer Director	$0	$0	$0
NANCY ALVAREZ	DIRECTOR	2.00	Director	$0	$0	$0
MALLORY WARD	DIRECTOR/VP (BEG 3/23)	2.00	Director	$0	$0	$0
JOHN GRABENSTEIN	TREASURER (BEG 3/23)	2.00	Officer Director	$0	$0	$0
MICHAEL HOGUE	SECRETARY (BEG 7/23)	2.00	Officer Director	$0	$34,974	$368,680
VALENTINO CARUSO	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN BLUML	EXEC DIR / SVP OF RESEARCH	40.00	Officer	$306,914	$106,677	$413,591
BARRY BUNTING	PROJECT MANAGEMENT SPECIALIST	40.00	Highest	$129,782	$44,887	$174,669
JONATHAN LITTLE	RESEARCH & INNOVATION PROJ MGMT SPEC	40.00	Highest	$152,571	$42,133	$194,704
JASON SAPIA	DIRECTOR OF DEVELOPMENT	40.00	Highest	$137,910	$10,896	$148,806
SHANNEN MENDOZA	DIRECTOR, OPERATIONS	40.00	Highest	$107,412	$40,279	$147,691
SCOTT KNOER	FORMER SECRETARY	2.00		$0	$0	$683,465

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	No data	No data	No data	No data
2023	$7,611,110	$6,374,819	$11,510,448	$1,236,291
2022	$3,830,801	$3,193,910	$9,514,594	$636,891
2021	$2,699,027	$2,195,112	$7,176,985	$503,915
2020	$2,193,663	$2,162,287	$6,086,712	$31,376
2019	$3,458,422	$2,704,507	$5,798,217	$753,915
2018	$1,906,410	$2,055,978	$4,879,821	$-149,568

AMERICAN PHARMACISTS ASSOCIATION FOUNDATION