Louisiana Independent Pharmacies Association (EIN 721509302) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

F Randal Johnson

Phone

2253810166

Tax Period

2023-01-01 to 2023-12-31

Louisiana Independent Pharmacies Association, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Net assets of $3.1M represent 27 months of operating reserves.

Mission

We are dedicated to the continuing growth and prosperity of independent community pharmacy, representing the professional and proprietary interests of community pharmacists throughout Louisiana. We work to rigorously uphold the right of free enterprise, and are devoted to ensuring our members have the right to compete in a free and fair marketplace.

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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 $1,084,059

Program Service Revenue $255,553

Investment Income $44,863

Other Revenue $0

TOTAL REVENUE $1,384,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,344

Fundraising Expenses $0

Other Expenses $928,074

TOTAL EXPENSES $1,386,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,384,475	$1,538,707	-0.1%
Expenses	$1,386,418	$1,343,901	+0.0%
Net Income	$-1,943	$194,806	-1.0%

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

N/A

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

$150,000

Total Directors

$150,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F Randal Johnson	President & CEO	40.00	Officer Director	$100,000	$50,000	$150,000
TJ Woodard Pharm D	Director	0.00	Director	$0	$0	$0
Nikki Hollier	Director	0.00	Director	$0	$0	$0
David Osborn RPH	Director	2.00	Officer Director	$0	$0	$0
Diane Milano RPH	Director	0.00	Director	$0	$0	$0
Charlie Jones RPH	Director	0.00	Director	$0	$0	$0
Richard Andy Solieau RPH	Director	0.00	Director	$0	$0	$0
Kenny Wilson RPH	Director	2.00	Officer Director	$0	$0	$0
Pat Boggs RPH	Director	2.00	Officer Director	$0	$0	$0
Greg Poret RPH	Director	0.00	Director	$0	$0	$0
Nick Lebas RPH	Director	0.00	Director	$0	$0	$0
Allen Cassidy RPH	Director	2.00	Officer Director	$0	$0	$0
Robert Rock	Director	0.00	Director	$0	$0	$0
Butch Ray	Director	0.00	Director	$0	$0	$0
Ray Glasgow	Director	0.00	Director	$0	$0	$0
Kim Wixson	Director	0.00	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
2024	No data	No data	No data	No data
2023	$1,384,475	$1,386,418	$3,382,893	$-1,943
2022	$1,538,707	$1,343,901	$3,266,666	$194,806
2021	$1,581,850	$1,213,444	$3,611,318	$368,406
2020	$1,066,540	$1,169,252	$2,854,249	$-102,712
2019	$1,084,221	$1,003,004	$2,609,331	$81,217
2018	$1,024,480	$922,049	$2,103,482	$102,431

Louisiana Independent Pharmacies Association