Washington State Pharmacy Association (EIN 910462190) - 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

1891

Legal Domicile

Principal Officer

Jennifer Arnold

Phone

4252287171

Tax Period

2023-01-01 to 2023-12-31

Washington State Pharmacy Association, founded in 1891, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

To advocate on behalf of its members and the pharmacy 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $404,437

Program Service Revenue $1,149,804

Investment Income $79,839

Other Revenue $0

TOTAL REVENUE $1,634,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,411

Fundraising Expenses $0

Other Expenses $803,756

TOTAL EXPENSES $1,587,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,634,080	$2,170,006	-0.2%
Expenses	$1,587,167	$1,780,449	-0.1%
Net Income	$46,913	$389,557	-0.9%

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

$199,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amanda Locke	President	2.00	Officer Director	$0	$0	$0
Bridgette Edgar	Incoming President	2.00	Officer Director	$0	$0	$0
Ryan Oftebro	Past President	1.00	Officer Director	$0	$0	$0
Leon Alzola	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Tara Pfund	Director	1.00	Director	$0	$0	$0
Jennifer Bacci	Director	1.00	Director	$0	$0	$0
Julie Akers	Director	1.00	Director	$0	$0	$0
Sirena Kalinski	Director - Until 8/2023	1.00	Director	$0	$0	$0
Katie Hone	Director	1.00	Director	$0	$0	$0
Ahmed Bassyouni	Director	1.00	Director	$0	$0	$0
Andrew Simnhoung	Director	1.00	Director	$0	$0	$0
Anna Dimak	Director	1.00	Director	$0	$0	$0
Laura Hanson	Director	1.00	Director	$0	$0	$0
Melissa Maganas	Director	1.00	Director	$0	$0	$0
Jimmy Houpt	Director	1.00	Director	$0	$0	$0
Lisa Nelson	Director	1.00	Director	$0	$0	$0
Christina Schwartz	Director	1.00	Director	$0	$0	$0
Jennifer Arnold	Chief Executive Officer	40.00	Officer	$186,190	$13,100	$199,290
Mylinh Nguyen	Director of Practice Development	36.00	Highest	$113,106	$12,860	$125,966
Boris Zhang	Director of Practice Advancement	40.00	Highest	$130,150	$13,100	$143,250

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	$1,634,080	$1,587,167	$2,882,707	$46,913
2022	$2,170,006	$1,780,449	$2,713,925	$389,557
2021	$1,427,292	$1,006,401	$2,600,496	$420,891
2020	$984,868	$933,726	$2,033,603	$51,142
2019	$1,261,657	$1,311,672	$1,819,377	$-50,015
2018	$1,225,924	$1,225,421	$1,721,648	$503

Washington State Pharmacy Association