Alabama Pharmacy Association Health And Welfare Plan
EIN: 467360323 · Montgomery, AL · NTEE: Y43
Is Alabama Pharmacy Association Health And Welfare Plan Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alabama Pharmacy Association Health And Welfare Plan
Alabama Pharmacy Association Health And Welfare Plan (EIN: 467360323) is a nonprofit organization based in Montgomery, AL, classified under NTEE code Y43. The organization reported total revenue of $9.3M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alabama Pharmacy Association Health And Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alabama Pharmacy Association Health And Welfare Plan is a mid-size nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $10.2M |
| Surplus / Deficit | $-246,722 |
| Total Assets | $2.2M |
| Total Liabilities | $906K |
| Net Assets | $1.3M |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 40.6% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Alabama Pharmacy Association Health And Welfare Plan reported a deficit of $247K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 40.6% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Alabama Pharmacy Association Health And Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +8.5% | -8.9% |
| 2022 | +38.5% | +46.6% | +3.5% |
| 2021 | -11.4% | -12.6% | +29.5% |
| 2020 | +6.2% | +7.6% | +12.1% |
| 2019 | +14.3% | +14.7% | +54.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alabama Pharmacy Association Health And Welfare Plan has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alabama Pharmacy Association Health And Welfare Plan with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $247K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.6%.
Frequently Asked Questions about Alabama Pharmacy Association Health And Welfare Plan
Is Alabama Pharmacy Association Health And Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Alabama Pharmacy Association Health And Welfare Plan (EIN: 467360323) insufficient data. 0 red flags identified, 0 strengths noted.
How does Alabama Pharmacy Association Health And Welfare Plan spend its money?
Detailed spending breakdown data is not yet available for Alabama Pharmacy Association Health And Welfare Plan. Check back for updated IRS 990 analysis.
Are donations to Alabama Pharmacy Association Health And Welfare Plan tax-deductible?
Alabama Pharmacy Association Health And Welfare Plan is registered as a tax-exempt nonprofit (EIN: 467360323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Alabama Pharmacy Association Health And Welfare Plan showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Alabama Pharmacy Association Health And Welfare Plan's revenue has grown by 530.2%, moving from $1.6M to $10.0M. Total assets increased by 343.3% over the same period, from $504K to $2.2M. Total functional expenses rose by 541%, from $1.6M to $10.2M. In its most recent filing year (2023), Alabama Pharmacy Association Health And Welfare Plan reported a deficit of $247K, with expenses exceeding revenue. The organization holds $906K in liabilities against $2.2M in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $10.2M | $2.2M | $906K | — | View 990 |
| 2022 | $9.4M | $9.4M | $2.4M | $876K | — | View 990 |
| 2021 | $6.8M | $6.4M | $2.4M | $782K | — | View 990 |
| 2020 | $7.7M | $7.3M | $1.8M | $613K | — | View 990 |
| 2019 | $7.2M | $6.8M | $1.6M | $735K | — | View 990 |
| 2018 | $6.3M | $6.0M | $1.1M | $548K | — | View 990 |
| 2017 | $6.0M | $5.9M | $693K | $543K | — | View 990 |
| 2016 | $5.8M | $5.8M | $534K | $503K | — | View 990 |
| 2015 | $6.0M | $6.0M | $492K | $481K | — | — |
| 2014 | $1.6M | $1.6M | $504K | $515K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $10.2M, and assets of $2.2M (revenue +6.0% year-over-year).
- 2022: Revenue of $9.4M, expenses of $9.4M, and assets of $2.4M (revenue +38.5% year-over-year).
- 2021: Revenue of $6.8M, expenses of $6.4M, and assets of $2.4M (revenue -11.4% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.3M, and assets of $1.8M (revenue +6.2% year-over-year).
- 2019: Revenue of $7.2M, expenses of $6.8M, and assets of $1.6M (revenue +14.3% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.0M, and assets of $1.1M (revenue +4.6% year-over-year).
- 2017: Revenue of $6.0M, expenses of $5.9M, and assets of $693K (revenue +4.3% year-over-year).
- 2016: Revenue of $5.8M, expenses of $5.8M, and assets of $534K (revenue -3.4% year-over-year).
- 2015: Revenue of $6.0M, expenses of $6.0M, and assets of $492K (revenue +278.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $504K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alabama Pharmacy Association Health And Welfare Plan:
Data Sources and Methodology
This transparency report for Alabama Pharmacy Association Health And Welfare Plan is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.