Lsa Pharmacy Inc
- Assets
- $13.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Salisbury, NC
- Founding
- 04/1988
- Data as of
- 09/2021
- EIN
- 20-1457251
Organization Overview
Lsa Pharmacy Inc is located in Salisbury, NC. The organization was established in 1988. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 09/2021, Lsa Pharmacy Inc employed 27 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lsa Pharmacy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Lsa Pharmacy Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $7.1m during the year ending 09/2021. While expenses have increased by 1.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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). THESE SERVICES ARE AN INTEGRAL PART OF THE NURSING CARE PROVIDED TO THE RESIDENTS OF THE HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Beam Pharmacist | 40 | $182,288 | |
James Fisher Pharmacist | 40 | $150,893 | |
Jessica Miller Top 5 Highest Paid | 40 | $136,258 | |
Tonya Cross Director Management Information Systems | 40 | $114,742 | |
Ted Goins Jr Ceo/president | OfficerTrustee | 1 | $0 |
Kirby Nickerson Chief Financial Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jones Professional Services Inc Professional Services | 9/29/20 | $155,371 |
City To City Couriers Llc Courier Service | 9/29/20 | $105,085 |
Lsa Management Management Services | 9/29/20 | $611,719 |
Smith Drug Company Pharmaceutical Services | 9/29/20 | $4,185,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,420,540 |
| Investment income | $56,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,537,503 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,221 |
| Pension plan accruals and contributions | $21,150 |
| Other employee benefits | $131,000 |
| Payroll taxes | $116,160 |
| Fees for services: Management | $352,477 |
| Fees for services: Legal | $960 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,726 |
| Fees for services: Other | $234,372 |
| Advertising and promotion | $0 |
| Office expenses | $191,545 |
| Information technology | $18,342 |
| Royalties | $0 |
| Occupancy | $80,699 |
| Travel | $1,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,757 |
| Insurance | $11,842 |
| All other expenses | $0 |
| Total functional expenses | $7,055,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349,953 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $550,002 |
| Prepaid expenses and deferred charges | -$218 |
| Net Land, buildings, and equipment | $45,527 |
| Investments—publicly traded securities | $2,787,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,550,695 |
| Total assets | $13,077,982 |
| Accounts payable and accrued expenses | $228,930 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,080 |
| 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 | $235,010 |
| Net assets without donor restrictions | $12,842,972 |
| Net assets with donor restrictions | $0 |
| 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 | $13,077,982 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duke Integrated Network Inc Durham, NC | $2,381,377 | $12,476,427 |
Vine International Inc Knoxville, TN | $268,672 | $13,371,180 |
Generations Health Association Inc Mcminnville, TN | $13,336,453 | $14,398,370 |
Lsa Pharmacy Inc Salisbury, NC | $13,077,982 | $7,537,503 |
Arlington Free Clinic Inc Arlington, VA | $10,623,564 | $5,707,203 |
Fredericksburg Area Regional Health Council Inc Fredericksburg, VA | $3,229,753 | $4,303,398 |
Whole Womans Advocacy Alliance Charlottesville, VA | $2,944,404 | $5,509,310 |
Greater Hickory Cooperative Christian Ministry Hickory, NC | $4,458,990 | $3,541,261 |
Cornerstone Support Services Providence Forge, VA | $1,749,824 | $3,920,333 |
American College Of Osteopathic Internists Inc Arlington, VA | $6,444,455 | $4,032,744 |
Carolina Collaborative Community Care Inc Fayetteville, NC | $3,441,365 | $1,867,243 |
Georgia Partnership For Telehealth Inc Waycross, GA | $926,460 | $2,337,188 |