Lsa Pharmacy INC FY2023 filing

Salisbury, NC · Religious organization · Since 2004

✓ Tax-deductible
Revenue
$9.0M
+12% vs prior year
Spent
$8.3M
To programs
95%
Net assets
$13.8M
By yearFY2020–FY2024
Revenue
$9.0M
FY2023▲ +12%
Revenue by fiscal year
FY2020$8.1M
FY2021$7.5M
FY2022$8.0M
FY2023$9.0M
FY2024$10.8M
FY2024$630K
Expenses
$8.3M
FY2023▲ +13%
Expenses by fiscal year
FY2020$7.1M
FY2021$7.1M
FY2022$7.4M
FY2023$8.3M
FY2024$9.6M
FY2024Not on file
Net assets
$13.8M
FY2023▲ +7%
Net assets by fiscal year
FY2020$12.1M
FY2021$12.8M
FY2022$12.9M
FY2023$13.8M
FY2024$16.0M
FY2024$17.6M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CLsa Pharmacy INC
EINHdr · item D20-1457251
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFApr 1988
Year of formationHdr · item L2004
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSalisbury, NC
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.lscarolinas.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$7.9M
Management & general5%$416K
Total functional expensesLn 25$8.3M

Financial health

Is it on solid ground?

Program efficiency
95%
of spending reaches programs
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$14.2M
FY2023▲ +7%
Total assets by fiscal year
FY2020$12.3M
FY2021$13.1M
FY2022$13.2M
FY2023$14.2M
FY2024$16.2M
FY2024$17.6M
Total liabilities
$365K
FY2023▲ +46%
Total liabilities by fiscal year
FY2020$203K
FY2021$235K
FY2022$250K
FY2023$365K
FY2024$241K
FY2024−$19K
Revenue less expensesPt I · Ln 19$621K
Total assetsPt X · Ln 16$14.2M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$14.2M
Total liabilitiesLn 26$365K
Total net assetsLn 32$13.8M
Months of cash on handcomputed2.6

Statement of Revenue

Part VIII
Program service revenue$8.9M · 99%
Investment income$71K · 1%
Program service revenue99%$8.9M
Investment income1%$71K
Other revenue$1K
Total revenueLn 12$9.0M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.4M · Operating expenses/yr $8.3M
6.3 months
Where the money goes
Program services
Program services $7.9M · Total expenses $8.3M
95%
Management & General
Management & general $416K · Total expenses $8.3M
5%
Fundraising
Fundraising $0 · Total expenses $8.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $9.0M
0%
Government reliance
Government grants — · Total revenue $9.0M
—
Earned-income share
Program service revenue $8.9M · Total revenue $9.0M
99%
Investment reliance
Investment income $71K · Total revenue $9.0M
+0.8%
Program self-sufficiency
Program service revenue $8.9M · Total expenses $8.3M
107%
Growth & trend
Revenue growth (YoY)
This year $9.0M · Prior year $8.0M
+12%
Net-asset trend (YoY)
End of year $13.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.0M · Expenses $8.3M
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $14.2M
—
Net-asset ratio
Net assets $13.8M · Total assets $14.2M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14.2M
18%
People & payroll
Highest Reported Total Compensation
Individual David Beam · Reported title PHARMACIST - MANAGER · Highest reported compensation $204K · Total expenses $8.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $8.3M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 5%——
Revenue growth 12%——
Investment management fee ratio 0.03%——
Legal fee ratio 0.05%——
Accounting fee ratio 0.03%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Pharmacist - Manager
$204,396Pt VII · Sec A
Pharmacist
$146,376Pt VII · Sec A
Pharmacist
$130,882Pt VII · Sec A
Pharmacist
$111,274Pt VII · Sec A
Secretary
$0Pt VII · Sec A
CEO/President
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
David L Beam$221,700————
David L Beam—$209,799———
David Beam——$204,396$188,634$182,288
James Fisher——$146,376$154,007$150,893
Jessica S Miller$141,133————
Jessica S Miller—$136,962———
Jessica Miller——$130,882$128,302$136,258
Dalton L Bost$130,931————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 3Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Walks with and empowers all people, guided by faith.

Provided by the organization

This section is blank until Lsa Pharmacy INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $7.9M of program spending, described in the organization's own filed words · FY2022.
01

Lsa, pharmacy, inc. (lsap) is an affiliate of lutheran services for the aging, inc., a social ministry of the evangelical lutheran church in america. Lsap provides pharmaceutical services to the seven lutheran nursing homes; lsa elms at tanglewood, inc.; and lutheran retirement center-salisbury, inc. (trinity oaks).

$7.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $10.8M$9.6M+20% 990 PDF
FY2023 Viewing $9.0M$8.3M+12% 990 PDF
FY2022 $8.0M$7.4M+7% 990 PDF
FY2021 $7.5M$7.1M-7% 990 PDF
FY2020 $8.1M$7.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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