SENIOR PHARMASSIST INC

EIN: 562084639 501(c)(3) Health Care

DURHAM, NC

Total Revenue
$1,487,226
Total Expenses
$1,101,575
Total Assets
$3,071,412
Net Assets
$3,045,606
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NC
Principal Officer
Eugenia Upchurch
Phone
9196884772
Tax Period
2023-07-01 to 2024-06-30

SENIOR PHARMASSIST INC, founded in 1998, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $386K, a strong 26% operating margin.

Mission

SENIOR PHARMASSIST PROMOTES HEALTHIER LIVING FOR OLDER ADULTS IN DURHAM BY HELPING THEM OBTAIN AND BETTER MANAGE NEEDED MEDICATIONS AND BY PROVIDING TAILORED HEALTH EDUCATION, MEDICARE INSURANCE COUNSELING, COMMUNITY REFERRALS, AND ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $878,592

Senior PharmAssist helped 2,335 individuals in the FY ended June 30, 2024. We provided comprehensive services to 563 adults 60 and older in Durham with incomes below 300 of the FPL. They benefited...

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Senior PharmAssist helped 2,335 individuals in the FY ended June 30, 2024. We provided comprehensive services to 563 adults 60 and older in Durham with incomes below 300 of the FPL. They benefited from medication therapy management with our clinical pharmacists trained in geriatrics, Medicare insurance counseling, and tailored community referrals to support independence. Our direct financial assistance as a secondary drug coverage helped 409 individuals. We provided face-to-face Medicare insurance counseling to an additional 1,134 Medicare beneficiaries. Also, 638 individuals received tailored referrals to community programs, primarily for medication assistance, food, or other financial assistance.

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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 $1,194,369
Program Service Revenue $1,170
Investment Income $257,842
Other Revenue $33,845
TOTAL REVENUE $1,487,226

Expense Breakdown

Grants Paid $117,199
Salaries & Benefits $813,885
Fundraising Expenses $108,293
Program Expenses $878,592
Other Expenses $170,491
TOTAL EXPENSES $1,101,575

Year-over-Year Comparison

2023 2022 Change
Revenue $1,487,226 $1,349,747 +0.1%
Expenses $1,101,575 $993,929 +0.1%
Net Income $385,651 $355,818 +0.1%
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
20
Independent Members
20
Employees
10
Volunteers
59

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
5
$118,113
Total Directors
21
$118,113
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GINA UPCHURCH EXECUTIVE DIRECTOR 040.00
Officer Director
$118,113 $0 $118,113
REBECCA REYES VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
CHERYL BREWER PRESIDENT 002.00
Officer Director
$0 $0 $0
ALICE DILLARD DIRECTOR 001.00
Director
$0 $0 $0
MARY-JO KEENAN SECRETARY 002.00
Officer Director
$0 $0 $0
MERI-LI DOUGLAS DIRECTOR 001.00
Director
$0 $0 $0
LISA NADLER DIRECTOR 001.00
Director
$0 $0 $0
DAVID BRIGHT DIRECTOR 001.00
Director
$0 $0 $0
VICTORIA ORTO DIRECTOR 001.00
Director
$0 $0 $0
ROCHELLE JACKSON DIRECTOR 001.00
Director
$0 $0 $0
JEFFREY POTTER TREASURER 002.00
Officer Director
$0 $0 $0
RON HUNTER DIRECTOR 001.00
Director
$0 $0 $0
DEMENTRIC MATTHEWS DIRECTOR 001.00
Director
$0 $0 $0
SHERRY SPRUILL DIRECTOR 002.00
Director
$0 $0 $0
JANET L HORTIN DIRECTOR 001.00
Director
$0 $0 $0
GEORGE BERNHARDT DIRECTOR 001.00
Director
$0 $0 $0
TOM WOLLMAN DIRECTOR 001.00
Director
$0 $0 $0
KECIA COURTNEY DIRECTOR 001.00
Director
$0 $0 $0
KAREN DUNN DIRECTOR 001.00
Director
$0 $0 $0
KELLY SULLIVAN DIRECTOR 001.00
Director
$0 $0 $0
ELIZABETH ADEROJU DIRECTOR 002.00
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
2025 No data No data No data No data
2024 $1,487,226 $1,101,575 $3,071,412 $385,651
2023 $1,349,747 $993,929 $2,643,236 $355,818
2022 $618,446 $929,514 $2,237,407 $-311,068
2021 $1,781,429 $972,190 $2,548,511 $809,239
2020 $1,052,437 $929,948 $1,849,334 $122,489
2019 $1,091,281 $920,335 $1,640,477 $170,946
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