THE NORTH CAROLINA PHARMACEUTICAL ASSOCIATION ENDOWMENT FUND INC (EIN 561652001) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

KEITH ELMORE

Phone

9199672237

Tax Period

2023-01-01 to 2023-12-31

THE NORTH CAROLINA PHARMACEUTICAL ASSOCIATION ENDOWMENT FUND INC, founded in 1989, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. Expenses of $181K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO PROVIDE SUPPORT TO NORTH CAROLINA ASSOCIATION OF PHARMACISTS AND ITS EDUCATION PROGRAMS.

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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 $0

Program Service Revenue $0

Investment Income $95,804

Other Revenue $0

TOTAL REVENUE $95,804

Expense Breakdown

Grants Paid $154,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,000

Other Expenses $27,029

TOTAL EXPENSES $181,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,804	$-30,314	-4.2%
Expenses	$181,029	$109,690	+0.7%
Net Income	$-85,225	$-140,004	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W KEITH ELMORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MITCHELL W WATTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN C DEDRICK	TREASURER	1.00	Officer Director	$0	$0	$0
JIMMY S JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
J FRANK BURTON	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KELM	DIRECTOR	1.00	Director	$0	$0	$0
BOB GRANKO	DIRECTOR	1.00	Director	$0	$0	$0
OUITA GATTON	DIRECTOR	1.00	Director	$0	$0	$0

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	$95,804	$181,029	$2,899,969	$-85,225
2022	$-30,314	$109,690	$2,761,431	$-140,004
2021	$303,951	$194,432	$3,422,287	$109,519
2020	$220,034	$150,113	$3,320,964	$69,921
2019	$184,619	$219,091	$3,070,566	$-34,472
2018	$278,895	$169,919	$2,904,956	$108,976

THE NORTH CAROLINA PHARMACEUTICAL ASSOCIATION ENDOWMENT FUND INC