Pharmacy Agent Corporation

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EIN 26-3106643 Membership association Jefferson City, MO NTEE W22
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$880K
FY2024+0.06%
Expenses
$507K
FY2024▲ +3%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Helps Missouri pharmacies get MoHealthNet funding to provide quality care for those in need. For fiscal year 2024 it reported $880K in revenue, $507K in expenses, and $3.0M in net assets.Pt I

Founded
2008
Type
Membership association · Public & Societal Benefit
Location
Jefferson City, MO
Filings
5 on file (2020–2024)
Revenue
$880KFY2024
Expenses
$507K
Net assets
$3.0M
People
7
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Provided by the organization

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Size
$100K–1M
What they do
Helps Missouri pharmacies get MoHealthNet funding to provide quality care for those in need.
Leadership
Randy Meents · Treasurer
Money in and out
$880K revenue, $507K expenses
Bottom line
+42% operating surplus

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

WARNING

No — not deductible

IRS records this as a A social-welfare organization or civic league. Contributions are generally not tax-deductible.; contributions are not deductible as charitable gifts. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

86% to programs

86% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · → +0.06% vs prior year

Revenue band $100K–1M, +0.06% versus the prior filing year (flat). See detail →

Membership & operating revenue · FY2024
Total revenue
$880K
Pt VIII · Ln 12
Total expenses
$507K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $374K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Operating surplus
+42%
revenue over expenses▼ -3% vs prior filing year
Earned revenue
68%
of revenue from program services & dues-0.06% vs prior filing year
Program spending
86%
of expenses reach member services▲ +1% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$12.1M
FY2024▲ +281%
Total liabilities
$9.1M
FY2024▲ ×16
Revenue less expensesPt I · Ln 19$374K
Total assetsPt X · Ln 16$12.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CPharmacy Agent Corporation
EINHdr · item D26-3106643
Principal addressHdr · item CJefferson City, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2008
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W22)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Pharmacy Agent Corporation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $437K of program spending, described in the organization's own filed words · FY2024.
01

To enhance and facilitate mo healthnet (formerly known as medicaid) funding for missouri pharmacies in order to promote and maintain high quality pharmacy goods and services for the indigent.

$437Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$600K · 68%
Investment income$280K · 32%
Program service revenue68%$600K
Investment income32%$280K
Total revenueLn 12$880K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$437K
Management & general14%$70K
Total functional expensesLn 25$507K

Balance Sheet

Part X · end of year
CashLn 1$12.1M
Total assetsLn 16$12.1M
Total liabilitiesLn 26$9.1M
Total net assetsLn 32$3.0M
Months of cash on handcomputed286.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.1M · Operating expenses/yr $507K
286.7 months
Where the money goes
Program services
Program services $437K · Total expenses $507K
86%
Management & General
Management & general $70K · Total expenses $507K
14%
Fundraising
Fundraising $0 · Total expenses $507K
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 $880K
0%
Government reliance
Government grants — · Total revenue $880K
—
Earned-income share
Program service revenue $600K · Total revenue $880K
68%
Investment reliance
Investment income $280K · Total revenue $880K
+32%
Program self-sufficiency
Program service revenue $600K · Total expenses $507K
118%
Growth & trend
Revenue growth (YoY)
This year $880K · Prior year $880K
+0.06%
Revenue CAGR
FY2019 $956K · FY2024 $880K
-2%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $880K · Expenses $507K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $12.1M
—
Net-asset ratio
Net assets $3.0M · Total assets $12.1M
25%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Randy Meents · Reported title TREASURER · Highest reported compensation $0 · Total expenses $507K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $507K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 14%——
Revenue growth 0.06%——

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $538K · 2022–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$880K revenue · ⤓ 990 PDF
FY2023$828K revenue · ⤓ 990 PDF
FY2022$647K revenue · ⤓ 990 PDF
FY2021$686K revenue · ⤓ 990 PDF
FY2020$956K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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