Lsa Pharmacy Inc
- Assets
- $14.2m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 27
- Location
- Salisbury, NC
- Founding
- 04/1988
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Lsa Pharmacy Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $8.3m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 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
2023
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 |
|---|---|---|---|
Ted Goins Jr Ceo/president | OfficerTrustee | 1 | $0 |
Gregory Hudgins Chair | Trustee | 1 | $0 |
Cary M Grant Vice Chair | Trustee | 1 | $0 |
Kirby Nickerson Chief Financial Officer | Officer | 1 | $0 |
Karen Maddry Secretary | Officer | 1 | $0 |
Kesha Smith Chief Operating Officer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smith Drug Company Pharmaceutical Services | 9/29/22 | $4,398,437 |
Lsa Management Management Services | 9/29/22 | $603,091 |
Jones Professional Services Inc Professional Services | 9/29/22 | $142,163 |
City To City Couriers Llc Courier Service | 9/29/22 | $122,967 |
Mckesson Plasma & Biologics Llc Pharmaceutical Services | 9/29/22 | $119,123 |
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 | $8,895,689 |
| Investment income | $69,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,967,538 |
| 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 | $1,653,190 |
| Pension plan accruals and contributions | $21,136 |
| Other employee benefits | $161,353 |
| Payroll taxes | $122,057 |
| Fees for services: Management | $404,796 |
| Fees for services: Legal | $4,500 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,620 |
| Fees for services: Other | $250,071 |
| Advertising and promotion | $0 |
| Office expenses | $301,892 |
| Information technology | $46,643 |
| Royalties | $0 |
| Occupancy | $82,348 |
| Travel | $950 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $230 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,378 |
| Insurance | $9,795 |
| All other expenses | $0 |
| Total functional expenses | $8,346,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $652,416 |
| Prepaid expenses and deferred charges | $2,055 |
| Net Land, buildings, and equipment | $201,836 |
| Investments—publicly traded securities | $2,606,015 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,562,782 |
| Total assets | $14,163,938 |
| Accounts payable and accrued expenses | $359,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,474 |
| 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 | $364,835 |
| Net assets without donor restrictions | $13,799,103 |
| 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 | $14,163,938 |