WESTERN STATES CONFERENCE FOR PHAR… - 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

1993

Legal Domicile

Principal Officer

RICHARD MARTINEZ

Phone

9164471033

Tax Period

2024-08-01 to 2025-07-31

WESTERN STATES CONFERENCE FOR PHARM RESIDENTS FELLOWS & PRECEPTORS, founded in 1993, is a small nonprofit that reported $170K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $218K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE AN EXCELLENT PROFESSIONAL CONFERENCE WHERE PHARMACY RESIDENTS AND FELLOWS COME TOGETHER TO FORMALLY PRESENT THEIR MAJOR PROJECTS, LEARN ABOUT THE WORK OF THEIR PEERS, AND GROW THEIR PROFESSIONAL NETWORK.

Program Service Accomplishments

Program 1

Expenses: $200,131 Revenue: $170,005

PHARMACY RESIDENTS AND FELLOWS PRESENT THEIR CLINICAL, ADMINISTRATIVE, AND TECHNOLOGY RELATED RESEARCH DURING THE FOUR-DAY ANNUAL CONFERENCE. SPEAKERS PRESENT TOPICS IN A FORMAL LECTURE FORMAT...

PHARMACY RESIDENTS AND FELLOWS PRESENT THEIR CLINICAL, ADMINISTRATIVE, AND TECHNOLOGY RELATED RESEARCH DURING THE FOUR-DAY ANNUAL CONFERENCE. SPEAKERS PRESENT TOPICS IN A FORMAL LECTURE FORMAT. ADDITIONALLY, EACH PRESENTATION INCLUDES TIME FOR QUESTIONS AND ANSWER SESSIONS. EMPHASIS IS PLACED ON OUTCOMES AND RECOMMENDATIONS FOR IMPROVING PATIENT CARE PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $170,005

Investment Income $10

Other Revenue $0

TOTAL REVENUE $170,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,131

Other Expenses $217,848

TOTAL EXPENSES $217,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,015	$190,352	-0.1%
Expenses	$217,848	$213,790	+0.0%
Net Income	$-47,833	$-23,438	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MARTINEZ	CHAIR	5.00	Officer Director	$0	$0	$0
STACEY RAFF	PAST CHAIR	3.00	Officer Director	$0	$0	$0
JASMINE REBER	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
ALEX CAO	TREASURER	3.00	Officer Director	$0	$0	$0
YAYOI TOYODA	SECRETARY	3.00	Officer Director	$0	$0	$0
JACK VO	PGY2 MEMBER	1.00	Director	$0	$0	$0
MICHAEL KATZ	AV COORDINATOR	1.00	Director	$0	$0	$0
SUE WONG	MEMBER	1.00	Director	$0	$0	$0
RAMY KHEM	MEMBER	1.00	Director	$0	$0	$0
BONNIE FABIAN	MEMBER	1.00	Director	$0	$0	$0
TERRILL TANG	MEMBER	1.00	Director	$0	$0	$0
LOGAN SAITO	MEMBER	1.00	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
2025	$170,015	$217,848	$604,192	$-47,833
2024	$190,352	$213,790	$601,273	$-23,438
2023	$192,439	$224,249	$563,047	$-31,810
2022	$184,333	$215,691	$561,462	$-31,358
2020	$45,109	$90,001	$639,825	$-44,892
2019	$258,894	$243,181	$684,777	$15,713
2018	$260,692	$230,683	$671,603	$30,009

WESTERN STATES CONFERENCE FOR PHARM RESIDENTS FELLOWS & PRECEPTORS