Tennessee Pharmacists Association
- Assets
- $2.7m
- Revenue
- $870.4k
- Investments
- $2.5k
- Employees
- 8
- Location
- Nashville, TN
- Founding
- 09/1966
- Data as of
- 12/2021
- EIN
- 62-0730650
Organization Overview
Tennessee Pharmacists Association is located in Nashville, TN. The organization was established in 1966. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Tennessee Pharmacists Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Pharmacists Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tennessee Pharmacists Association generated $870.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $895.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCES, PROTECTS, AND PROMOTES HIGH-QUALITY PHARMACIST-PROVIDED PATIENT CARE IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF THE TN PHARMACIST MAGAZINE EDUCATES MEMBERS ON CHANGES IN THEIR PROFESSION, GOVERNMENTAL REGULATIONS, ETC. IN 2021 TWO PUBLICATIONS WERE RELEASED WITH APPROXIMATELY 3500 READERS.
CONFERENCES AND SEMINARS WERE CONDUCTED TO PROVIDE CONTINUING PROFESSIONAL EDUCATION TO MEMBERS. A TOTAL OF 865 ATTENDEES BENEFITTED FROM THESE CONFERENCES AND SEMINARS.
THE ORGANIZATION OFFERS MEMBERSHIPS TO ALL PHARMACY PROFESSIONALS, STUDENT PHARMACISTS, AND PHARMACY TECHNICIANS IN TENNESSEE. THERE WERE OVER 1,900 MEMBERS IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lucy Adkins Pharmd Interim Executive Director (ends 7/31/2021) | Officer | 20 | $138,700 |
Anthony Puldo Executive Director (start 8/1/2021) | Officer | 50 | $73,205 |
Shawna Lightfoot Controller | Officer | 38 | $67,750 |
James Torr Pharmd Treasurer | OfficerTrustee | 2 | $0 |
Kim Jones Pharmd Bcps Fashp President | OfficerTrustee | 2 | $0 |
Chris Finch Pharmd Fccm Fccp Tshp President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,795 |
| Total Program Service Revenue | $372,089 |
| Investment income | $28,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$19 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $870,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $312,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $241,724 |
| Pension plan accruals and contributions | $11,478 |
| Other employee benefits | $41,560 |
| Payroll taxes | $40,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,295 |
| Fees for services: Accounting | $15,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $57,515 |
| Information technology | $16,761 |
| Royalties | $0 |
| Occupancy | $60,000 |
| Travel | $8,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195 |
| Insurance | $7,007 |
| All other expenses | $0 |
| Total functional expenses | $895,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,544 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $255,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,755 |
| Investments—publicly traded securities | $1,601,352 |
| Investments—other securities | $2,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,350 |
| Total assets | $2,731,501 |
| Accounts payable and accrued expenses | $336 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $336 |
| Net assets without donor restrictions | $2,544,732 |
| Net assets with donor restrictions | $186,433 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,731,501 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tennessee Pharmacists Association has recieved totaling $11,200.
| Awarding Organization | Amount |
|---|---|
Alliance For Patient Medication Safety N Chesterfield, VA PURPOSE: Education | $5,600 |
Alliance For Patient Medication Safety N Chesterfield, VA PURPOSE: Education | $5,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Physical Therapy Association Alexandria, VA | $61,402,503 | $48,378,744 |
Arkansas Foundation For Medical Care Inc Fort Smith, AR | $38,817,634 | $50,008,157 |
American Association Of Orthodontists St Louis, MO | $35,830,036 | $25,580,737 |
American Academy Of Physician Assistants Inc Alexandria, VA | $37,287,618 | $27,625,692 |
American Optometric Association Inc St Louis, MO | $41,380,476 | $25,369,492 |
Morehouse Healthcare Inc Atlanta, GA | $4,717,709 | $18,506,489 |
Healthcare Distribution Alliance Hda Arlington, VA | $15,589,595 | $23,673,088 |
National Commission On Certification Of Physicians Assist Johns Creek, GA | $51,725,554 | $24,098,126 |
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
Georgia Hospital Association Inc Atlanta, GA | $28,490,811 | $11,382,782 |