South Carolina Pharmaceutical Asso… - Form 990 Financial Data

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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

1876

Legal Domicile

Principal Officer

Brian Clark

Phone

8033549977

Tax Period

2023-10-01 to 2024-09-30

South Carolina Pharmaceutical Association, founded in 1876, is a small nonprofit in the Community Improvement sector that reported $845K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $775K left a modest 8% surplus.

Mission

TO SERVE ITS MEMBERS, ENABLING THEM TO ADVANCE THE PRACTICE AND SCIENCE OF PHARMACY.

Program Service Accomplishments

Program 1

Expenses: $156,704 Revenue: $24,518

FIRST ACCOMPLISHMENT MEMBER ENGAGEMENTSCPhA is committed to serving all professionals in the pharmacy industry. We provide year-round networking opportunities for pharmacists, technicians, and...

FIRST ACCOMPLISHMENT MEMBER ENGAGEMENTSCPhA is committed to serving all professionals in the pharmacy industry. We provide year-round networking opportunities for pharmacists, technicians, and students to connect with others in their field. These events have led to job offers and valuable opportunities for both personal and professional growth.The Palmetto Pharmacist is our quarterly journal, featuring articles on hot topics in pharmacy, announcements about upcoming events and CE opportunities, and updates from pharmacies across the state.Small Doses is our weekly newsletter, delivered every Friday via email, providing SCPhA news, industry updates, and important member information.Members can sign up for RxAlert to receive critical alerts on prescription fraud and pharmacy safety via email or fax.Additionally, members have access to exclusive programs and resources from Pharmacists Mutual. SCPhA is also pleased to assist with pharmacy law questionsmembers can submit inquiries, and our attorney will follow up with guidance or next steps.

Program 2

Expenses: $146,719 Revenue: $40,672

CONTINUING PROFESSIONAL EDUCATION - SCPHA SPONSORS VARIOUS EDUCATIONALSEMINARS FOR THE EDUCATIONAL REQUIREMENTS OF THE STATE'S REGISTEREDPHARMACISTS IN MAINTAINING STATE LICENSURE.

Program 3

Expenses: $130,395 Revenue: $214,974

CONVENTION - SCPHA SPONSORS AN ANNUAL CONVENTION FOR MEMBERS. REGISTRATIONAND EXHIBITOR FEES ARE CHARGED. AN ANNUAL BUSINESS MEETING IS HELD AS WELLAS SEMINARS ON PHARMACY-RELATED TOPICS.

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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 $396,899

Program Service Revenue $280,964

Investment Income $10,926

Other Revenue $156,545

TOTAL REVENUE $845,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,778

Fundraising Expenses $66,132

Program Expenses $499,393

Other Expenses $464,187

TOTAL EXPENSES $774,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$845,334	$901,318	-0.1%
Expenses	$774,965	$791,528	0.0%
Net Income	$70,369	$109,790	-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

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

$101,506

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Clark	CEO	40.00	Officer	$101,506	$0	$101,506
Deborah Bowers	Upstate Dir	5.00	Director	$0	$0	$0
Erin Stelling	Pee Dee Dir	5.00	Director	$0	$0	$0
Jennifer Baker	Immed Past Pres	5.00	Director	$0	$0	$0
Alyssa Norwood	Speaker House	5.00	Director	$0	$0	$0
Donna Avant	Low County Dir	5.00	Director	$0	$0	$0
Cheryl Anderson	President	5.00	Officer	$0	$0	$0
Kayce Shealy	President Elect	5.00	Officer	$0	$0	$0
Anthony DeClue	Speaker Elect	5.00	Officer	$0	$0	$0
William Wynn	Treasurer	5.00	Officer	$0	$0	$0
Whitney Pence	Dir At Large	5.00	Officer	$0	$0	$0
Emily Russell	Midlands Dir	5.00	Officer	$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	$144,943	$111,224	$1,971,754	$33,719
2024	$845,334	$774,965	$1,830,975	$70,369
2023	$901,318	$791,528	$1,694,956	$109,790
2022	$981,558	$783,118	$1,530,259	$198,440
2021	$905,018	$883,105	$1,272,306	$21,913
2020	$529,329	$780,036	$1,208,057	$-250,707
2019	$606,854	$933,090	$1,194,301	$-326,236
2018	$657,417	$951,903	$1,305,651	$-294,486

South Carolina Pharmaceutical Association