FLORIDA PHARMACY ASSOCIATION INC

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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

1931

Legal Domicile

Principal Officer

STACY HALL

Phone

8502222400

Tax Period

2023-01-01 to 2023-12-31

FLORIDA PHARMACY ASSOCIATION INC, founded in 1931, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO SUPPORT AND ENCOURAGE HIGHER STANDARDS OF PHARMACEUTICAL EDUCATION AT ALL LEVELS OF THE PROFESSION IN ORDER TO ATTRACT QUALIFIED PERSONNEL INTO THE PROFESSION OF PHARMACY; TO ENCOURAGE AND MAINTAIN RELATIONSHIPS WITH ALL HEALTHCARE PROFESSIONALS, GOVERNMENTAL BODIES, AND AGENCIES TO ENHANCE THE OVERALL QUALITY OF HEALTHCARE; TO ENSURE THE PROFESSION IS PRACTICED BY PROPERLY QUALIFIED PHARMACISTS TO PROTECT THE WELFARE OF THE PUBLIC; AND TO SERVE, REPRESENT, AND ASSIST FLORIDA PHARMACISTS TO ADVANCE THE PROFESSION AND PRACTICE OF PHARMACY.

Program Service Accomplishments

Program 1

TO OBTAIN AND MAINTAIN A MEMBERSHIP BASE FOR THE PROFESSION AND PRACTICE OF PHARMACY AND TO HOLD SPECIAL AND ANNUAL MEETINGS FOR THE MEMBERSHIP TO ELECT MEMBERS OF THE BOARD AND VOTE ON ISSUES THAT...

Program 2

TO SUPPORT AND ENCOURAGE HIGHER STANDARDS OF PHARMACEUTICAL EDUCATION AT ALL LEVELS OF THE PROFESSION IN ORDER TO ATTRACT QUALIFIED PERSONNEL INTO THE PROFESSION OF PHARMACY.

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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 $6,228

Program Service Revenue $1,233,283

Investment Income $41,147

Other Revenue $140,739

TOTAL REVENUE $1,421,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $498,713

Fundraising Expenses $0

Other Expenses $1,042,928

TOTAL EXPENSES $1,541,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,421,397	$1,205,477	+0.2%
Expenses	$1,541,641	$1,272,607	+0.2%
Net Income	$-120,244	$-67,130	+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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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

$262,088

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN SAIRANY	2022/23 CEO	40.00	Officer	$241,617	$4,933	$246,550
MICHAEL JACKSON	INTERIM CEO	40.00	Officer	$15,538	$0	$15,538
JAMES ALCORN	DIRECTOR	3.00	Director	$0	$0	$0
GOAR ALVAREZ	DIRECTOR	3.00	Director	$0	$0	$0
VERENDER BROWN	TECHNICIAN D	3.00	Director	$0	$0	$0
KEVIN DUANE	DIRECTOR	3.00	Director	$0	$0	$0
AMANDA HADDAD	DIRECTOR	3.00	Director	$0	$0	$0
GENEVIEVE HALE	SPEAKER OF T	3.00	Officer Director	$0	$0	$0
ERIC JAKAB	DIRECTOR	3.00	Director	$0	$0	$0
JACOB JOHNSON	DIRECTOR	3.00	Director	$0	$0	$0
ANEESH LAKHANI	VICE SPEAKER	3.00	Officer Director	$0	$0	$0
HUMBERTO MARTINEZ	CHAIRMAN	3.00	Officer Director	$0	$0	$0
WILLIAM MINCY	PRESIDENT	3.00	Officer Director	$0	$0	$0
KATHERINE PETSOS	DIRECTOR	3.00	Director	$0	$0	$0
ALEXANDER PYTLARZ	TREASURER	3.00	Officer Director	$0	$0	$0
MATT SCHNELLER	DIRECTOR	3.00	Director	$0	$0	$0
DAMIEN SIMMONS	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM TERNEUS	FSHP PRESIDE	3.00	Director	$0	$0	$0
JOY WRIGHT	DIRECTOR	3.00	Director	$0	$0	$0
STACY HALL	CEO & EVP	40.00	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
2024	No data	No data	No data	No data
2023	$1,421,397	$1,541,641	$2,056,788	$-120,244
2022	$1,205,477	$1,272,607	$2,231,847	$-67,130
2021	$1,147,407	$998,817	$2,390,876	$148,590
2020	$1,031,450	$1,013,948	$2,191,496	$17,502
2019	$1,298,766	$1,219,470	$2,147,519	$79,296
2018	$1,259,868	$1,209,403	$1,996,158	$50,465