American Society of Consultant Pharmacists Foundation

EIN: 541358129 501(c)(3)

Alexandria, VA

Total Revenue
$227,750
Total Expenses
$212,899
Total Assets
$1,693,035
Net Assets
$1,470,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
DC
Principal Officer
Chad Worz
Phone
7037391300
Tax Period
2023-10-01 to 2024-09-30

American Society of Consultant Pharmacists Foundation, founded in 1982, is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $213K left a modest 7% surplus.

Mission

To foster appropriate, effective, and safe medication use in older adults.

Program Service Accomplishments

Program 1
Expenses: $168,988 Revenue: $127,413

(1) Research and Education Projects: the Foundation develops new educational programs, promotes the value of senior care and consultant pharmacy services, and enables continued innovation. (2)...

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(1) Research and Education Projects: the Foundation develops new educational programs, promotes the value of senior care and consultant pharmacy services, and enables continued innovation. (2) Education of Board Certified Geriatric Pharmacists (BCGP): ASCPF is involved in the education of board certified geriatric pharmacists. This certification represents the highest level of credentialing for pharmacists that practice with older adults. (3) Senior Care Pharmacist Directory: ASCPF has developed a platform to house a database of pharmacists with expertise in senior care. Under our mission, three key objectives: education for the public, providing an easy to use platform for the public, and promoting training and resources to senior care pharmacists are being achieved. Directory enrollment continues to expand representing 50 states, Puerto Rico and the armed services. There is at least one pharmacist with a license to practice in each state. The directory has been positioned in front of the public at health care meetings and using social media to link patients and pharmacists. (4) Education Advisory Committee: the ASCPF supports the Education Advisory Committee (EAC) of ASCP. This has a long-standing history as one of the most productive committees within ASCP, a group of volunteers that help the ASCP education staff strategy for the annual meeting with the ASCP and other educational offerings. EAC members represent a diverse cross section of the membership to ensure the needs of our diverse membership are met.

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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 $45,748
Program Service Revenue $127,413
Investment Income $54,589
Other Revenue $0
TOTAL REVENUE $227,750

Expense Breakdown

Grants Paid $68,988
Salaries & Benefits $25,489
Fundraising Expenses $0
Program Expenses $168,988
Other Expenses $118,422
TOTAL EXPENSES $212,899

Year-over-Year Comparison

2023 2022 Change
Revenue $227,750 $276,964 -0.2%
Expenses $212,899 $208,852 +0.0%
Net Income $14,851 $68,112 -0.8%
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
11
Independent Members
11
Employees
N/A
Volunteers
15

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
$386,786
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TJ Griffin As of 112023 Chair 1.00
Officer Director
$0 $0 $0
Jennifer Urso Vice Chair 1.00
Officer Director
$0 $0 $0
Deborah Milito As of 112023 ASCP President 1.00
Officer Director
$0 $0 $0
Jeanne Manzi Thru 112023 ASCP President 1.00
Officer Director
$0 $0 $0
Marsha Meyer ASCP President-Elect 1.00
Officer Director
$0 $0 $0
Rolf Schrader Treasurer 1.00
Officer Director
$0 $0 $0
Jennifer Devinney-Lavsa As of 11202 ASCP BOD Representative 1.00
Director
$0 $0 $0
Flora Bessey Thru 112023 ASCP BOD Representative 1.00
Director
$0 $0 $0
Scott Stewart Trustee at Large 1.00
Director
$0 $0 $0
Dorothy Ouchida Chair Thru 112023 Trustee at Large 1.00
Director
$0 $0 $0
John Maddox Trustee at Large 1.00
Director
$0 $0 $0
Patrica Slattum Trustee at Large 1.00
Director
$0 $0 $0
Lisa Morris COP Representative 1.00
Director
$0 $0 $0
Chad Worz ASCP Chief Executive Officer 3.00
Officer
$0 $14,987 $386,786
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 $227,750 $212,899 $1,693,035 $14,851
2023 $276,964 $208,852 $1,496,460 $68,112
2022 $98,216 $236,848 $1,272,245 $-138,632
2021 $71,335 $241,658 $1,707,378 $-170,323
2020 $76,385 $254,790 $1,656,269 $-178,405
2019 $42,899 $389,104 $1,780,162 $-346,205
2018 $1,001,265 $390,973 $2,132,569 $610,292
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