TENNESSEE PHARMACISTS RESEARCH AND EDUCATION FOUNDATION

EIN: 621450838 501(c)(3)

NASHVILLE, TN

Total Revenue
$6,130,633
Total Expenses
$5,821,446
Total Assets
$2,302,989
Net Assets
$747,972
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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
1990
Legal Domicile
TN
Principal Officer
DR ANTHONY PUDLO
Phone
6152563023
Tax Period
2023-01-01 to 2023-12-31

TENNESSEE PHARMACISTS RESEARCH AND EDUCATION FOUNDATION, founded in 1990, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 405% from the prior year, signaling strong growth momentum. Expenses of $5.8M left a modest 5% surplus.

Mission

TPREF EXISTS TO ADVANCE THE PRACTICE OF PHARMACY THROUGH RESEARCH AND EDUCATION.

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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 $6,054,381
Program Service Revenue $0
Investment Income $396
Other Revenue $75,856
TOTAL REVENUE $6,130,633

Expense Breakdown

Grants Paid $2,632,714
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,451,716
Other Expenses $3,188,732
TOTAL EXPENSES $5,821,446

Year-over-Year Comparison

2023 2022 Change
Revenue $6,130,633 $1,215,177 +4.0%
Expenses $5,821,446 $1,092,517 +4.3%
Net Income $309,187 $122,660 +1.5%
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
8
Independent Members
7
Employees
N/A
Volunteers
22

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
7
$241,702
Total Directors
11
$170,368
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY PUDLO CHIEF EXECUTIVE OFFICER 30.00
Officer Director
$0 $15,246 $170,368
KIM JONES END 623 PRESIDENT 2.00
Officer Director
$0 $0 $0
JAY PHIPPS PRES ELECT/PRESIDENT 2.00
Officer Director
$0 $0 $0
JEFF LEWIS TRUSTEE/PRES ELECT 2.00
Officer Director
$0 $0 $0
JIMMY TORR END 623 TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS FINCH START 623 TREASURER 2.00
Officer Director
$0 $0 $0
MARY JO COLLINS START 623 TRUSTEE 2.00
Director
$0 $0 $0
RICK SAIN END 623 TRUSTEE 2.00
Director
$0 $0 $0
JASON GREENE START 623 TRUSTEE 2.00
Director
$0 $0 $0
HILLARY BLACKBURN START 623 TRUSTEE 2.00
Director
$0 $0 $0
MARCUS DORTCH START 623 TRUSTEE 2.00
Director
$0 $0 $0
SHAWNA LIGHTFOOT END 1223 CONTROLLER 2.00
Officer
$0 $10,911 $71,334
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 $6,130,633 $5,821,446 $2,302,989 $309,187
2022 $1,215,177 $1,092,517 $1,712,679 $122,660
2021 $372,333 $464,047 $1,109,479 $-91,714
2020 $813,290 $768,105 $1,600,591 $45,185
2019 $560,732 $668,477 $1,389,785 $-107,745
2018 $726,849 $549,503 $1,221,728 $177,346
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