NATIONAL PHARMACEUTICAL ASSOCIATION FOUNDATION

EIN: 562178074 501(c)(3) Education

CARY, NC

Total Revenue
$735,571
Total Expenses
$540,581
Total Assets
$744,392
Net Assets
$744,392
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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
2000
Legal Domicile
NC
Principal Officer
TERRENCE V BURROUGHS MBA CMTM RPH
Phone
9194695858
Tax Period
2024-01-01 to 2024-12-31

NATIONAL PHARMACEUTICAL ASSOCIATION FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $736K in total revenue in fiscal year 2024. Revenue surged 477% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 27% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF THE NATIONAL PHARMACEUTICAL ASSOCIATION, INCLUDING EDUCATION PROGRAMS, RESEARCH PROJECTS, AND INNOVATIVE PHARMACY PRACTICES. FURTHERMORE, THE NATIONAL PHARMACEUTICAL ASSOCIATION FOUNDATION PROVIDES SCHOLARSHIPS TO MINORITY AND UNDERSERVED STUDENTS THAT ARE MEMBERS OF THE STUDENT NATIONAL PHARMACEUTICAL ASSOCIATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $707,642
Program Service Revenue $0
Investment Income $27,929
Other Revenue $0
TOTAL REVENUE $735,571

Expense Breakdown

Grants Paid $50,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $529,580
Other Expenses $490,481
TOTAL EXPENSES $540,581

Year-over-Year Comparison

2024 2023 Change
Revenue $735,571 $127,391 +4.8%
Expenses $540,581 $147,337 +2.7%
Net Income $194,990 $-19,946 -10.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT ACHOE TRUSTEE N/A
Director
$0 $0 $0
WALLENE BULLARD TRUSTEE N/A
Director
$0 $0 $0
ROBBIE CHRISTIAN TRUSTEE N/A
Director
$0 $0 $0
LEONARD EDLOE TRUSTEE N/A
Director
$0 $0 $0
TAMARA MCCANTS TRUSTEE N/A
Director
$0 $0 $0
FRANK NORTH TRUSTEE N/A
Director
$0 $0 $0
BENGY MITCHELL PHARMD RPH SECRETARY N/A
Officer Director
$0 $0 $0
CARLETON MAXWELL PHARMD RPH EXECUTIVE DI N/A
Officer Director
$0 $0 $0
HW TED MATTHEWS PHD RPH CHAIRMAN EME N/A
Director
$0 $0 $0
TERRENCE V BURROUGHS MBA CMTM RPH CHAIRMAN N/A
Officer Director
$0 $0 $0
JERMAINE SMITH TREASURER N/A
Officer Director
$0 $0 $0
KEVIN SNEED TRUSTEE N/A
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 $735,571 $540,581 $744,392 $194,990
2023 $127,391 $147,337 $549,402 $-19,946
2022 $25,787 $57,997 $550,065 $-32,210
2021 $88,278 $71,035 $582,275 $17,243
2020 $127,363 $59,304 $565,032 $68,059
2019 $32,427 $103,722 $496,973 $-71,295
2018 $157,104 $100,212 $568,268 $56,892
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