TEXAS SOCIETY OF HEALTH-SYSTEM PHARMACISTS RESEARCH & EDUCATION FNDN

EIN: 751578067 501(c)(3)

ROUND ROCK, TX

Total Revenue
$172,212
Total Expenses
$154,032
Total Assets
$1,001,644
Net Assets
$996,050
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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
1977
Legal Domicile
TX
Principal Officer
LEAH CODY
Phone
5129060546
Tax Period
2023-01-01 to 2023-12-31

TEXAS SOCIETY OF HEALTH-SYSTEM PHARMACISTS RESEARCH & EDUCATION FNDN, founded in 1977, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $154K left a modest 11% surplus.

Mission

EDUCATION

Program Service Accomplishments

Program 1
Expenses: $27,362 Revenue: $0

SCHOLARSHIPS FOR HIGHER EDUCATION TO ASSIST BOTH UNDERGRADUATE AND GRADUATE PHARMACY STUDENTS.

Program 2
Expenses: $93,301 Revenue: $104,272

EDUCATIONAL PROGRAMS AVAILABLE TO PHARMACY STUDENTS COVERING VARIOUS ISSUES OF INTEREST TO THE PROFESSION.

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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 $45,339
Program Service Revenue $104,272
Investment Income $22,601
Other Revenue $0
TOTAL REVENUE $172,212

Expense Breakdown

Grants Paid $27,362
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,663
Other Expenses $126,670
TOTAL EXPENSES $154,032

Year-over-Year Comparison

2023 2022 Change
Revenue $172,212 $157,895 +0.1%
Expenses $154,032 $94,924 +0.6%
Net Income $18,180 $62,971 -0.7%
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
9
Independent Members
9
Employees
N/A
Volunteers
30

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
6
$108,307
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY PUTNEY PRESIDENT 1.00
Officer Director
$0 $0 $0
LES COVINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
BONNIE DUGIE PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
FRED MULLIN TREASURER 1.00
Officer Director
$0 $0 $0
ED STEMLEY TREASURER ELECT 1.00
Director
$0 $0 $0
LARRY EGLE VICE PRESIDENT OF DEVELOPMENT 1.00
Officer Director
$0 $0 $0
JO ANN MAACK DIRECTOR 1.00
Director
$0 $0 $0
LOURDES CUELLAR DIRECTOR 1.00
Director
$0 $0 $0
LARRY EGLE DIRECTOR 1.00
Director
$0 $0 $0
LEAH CODY EXECUTIVE DIRECTOR 20.00
Officer
$0 $3,958 $108,307
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 $172,212 $154,032 $1,001,644 $18,180
2022 $157,895 $94,924 $929,365 $62,971
2021 $63,217 $56,688 $996,264 $6,529
2020 $71,872 $62,056 $931,463 $9,816
2019 $121,357 $91,652 $892,819 $29,705
2018 $120,711 $110,839 $757,558 $9,872
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