AMERICAN PHARMACISTS ASSOCIATION FOUNDATION

EIN: 526039142 501(c)(3) Health Care

WASHINGTON, DC

Total Revenue
$7,611,110
Total Expenses
$6,374,819
Total Assets
$11,510,448
Net Assets
$7,924,718
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
DC
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.

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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 $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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
50

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
7
$1,326,878
Total Directors
9
$913,287
Key Employees
0
$0
Highest Compensated
4
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
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