Washington State Pharmacy Foundation (EIN 910996629) - 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

1976

Legal Domicile

Principal Officer

Jennifer Arnold

Phone

4252287171

Tax Period

2023-01-01 to 2023-12-31

Washington State Pharmacy Foundation, founded in 1976, is a micro nonprofit in the Health Care sector that reported $63K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 84% operating margin.

Mission

To support pharmacy education, research, and practice.

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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 $7,222

Program Service Revenue $0

Investment Income $45,164

Other Revenue $10,395

TOTAL REVENUE $62,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,281

Other Expenses $10,254

TOTAL EXPENSES $10,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,781	$39,095	+0.6%
Expenses	$10,254	$29,978	-0.7%
Net Income	$52,527	$9,117	+4.8%

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

$199,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sue Merk	President	0.50	Officer Director	$0	$0	$0
Leon Alzola	Vice President	0.25	Officer Director	$0	$0	$0
Steve Singer	Treasurer	0.50	Officer Director	$0	$0	$0
T J Tjarnborg	Secretary	0.25	Officer Director	$0	$0	$0
John Oftebro	Board Member	0.25	Director	$0	$0	$0
Julie Akers	Board Member	0.25	Director	$0	$0	$0
Brian Beach	Board Member	0.25	Director	$0	$0	$0
Kirk Heinz	Board Member	0.25	Director	$0	$0	$0
Steve Boulanger	Board Member (Left 11/2023)	0.25	Director	$0	$0	$0
Megan McIntyre	Board Member (From 11/2023)	0.25	Director	$0	$0	$0
Jennifer Arnold	Executive Director	5.00	Officer	$186,190	$13,100	$199,290

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	$62,781	$10,254	$942,090	$52,527
2022	$39,095	$29,978	$814,958	$9,117
2021	$119,713	$17,058	$940,931	$102,655
2021	$119,713	$17,058	$940,931	$102,655
2020	$67,607	$22,138	$835,240	$45,469
2019	$87,478	$13,841	$791,632	$73,637
2018	$77,996	$126,412	$716,135	$-48,416

Washington State Pharmacy Foundation