AMERICARES FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

CHRISTINE SQUIRES

Phone

2036589500

Tax Period

2022-07-01 to 2023-06-30

AMERICARES FOUNDATION INC, founded in 1979, is a large national nonprofit in the International Affairs sector that reported $1.6B in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.5B left a modest 3% surplus.

Mission

AS ONE OF THE WORLD'S LEADING NONPROFIT PROVIDER OF DONATED MEDICINES AND SUPPLIES, AMERICARES REACHED 90 COUNTRIES IN FY23 WITH MEDICINE, MEDICAL SUPPLIES, SUPPORT AND TECHNICAL ASSISTANCE VALUED AT MORE THAN $1.47 BILLION THROUGH OUR MEDICINE SECURITY, EMERGENCY PROGRAMS AND HEALTH SERVICES PROGRAMS. AMERICARES MISSION IS TO SAVES LIVES AND IMPROVES HEALTH FOR PEOPLE AFFECTED BY POVERTY OR DISASTER SO THEY CAN REACH THEIR FULL POTENTIAL. TO ACCOMPLISH THIS, AMERICARES INVESTS IN LOCAL HEALTH CENTERS: WHEN LOCAL HEALTH CENTERS THRIVE, SO DO PEOPLE IN THEIR COMMUNITIES WITH BETTER HEALTH, MORE OPPORTUNITIES AND INCREASINGLY PRODUCTIVE LIVES. AMERICARES REACHES AN UNRIVALED NETWORK OF 4,000 LOCAL, NATIONAL AND INTERNATIONAL HEALTH CARE INSTITUTIONS AND FACILITIES THAT INCLUDE HOSPITALS, CLINICS, LOCAL HEALTH CENTERS, MINISTRIES OF HEALTH AND NONPROFIT HEALTH CARE NETWORKS AND PROVIDERS. WORKING THROUGH THIS NETWORK, AMERICARES HAS THREE CORE PROGRAMS: MEDICINE SECURITY: INCREASING ACCESS TO CRITICAL MEDICINE AND MEDICAL SUPPLIES; EMERGENCY PROGRAMS: HELPING COMMUNITIES PREPARE FOR, RESPOND TO AND RECOVER FROM DISASTERS; AND HEALTH SERVICES: IMPROVE AND EXPAND HEALTH SERVICES, PREVENT DISEASE AND PROMOTE GOOD HEALTH. ACROSS ITS PROGRAMS, AMERICARES PRIORITIZES MENTAL HEALTH, WOMEN'S AND CHILDREN'S HEALTH, TREATMENT AND PREVENTION OF INFECTIOUS DISEASES AND MANAGEMENT OF HYPERTENSION AND DIABETES. THROUGH COLLABORATION WITH OUR EXTENSIVE WORLDWIDE PARTNER NETWORK, WE IMPLEMENTED 411 HEALTH PROJECTS AND LEVERAGED MORE THAN $1.38 BILLION WORTH OF DONATED AND PROCURED COMMODITIES TO RESPOND TO EMERGENCIES AND RELIEVE SHORTAGES OF MEDICINES AND SUPPLIES. THIS SUPPORT INCLUDED ENOUGH MEDICINE TO FILL MORE THAN 32.2 MILLION PRESCRIPTIONS AND MORE THAN 4.5 MILLION UNITS OF SUPPLIES. THROUGH MEDICINE ALONE, WE ESTIMATE THAT WE IMPROVED THE HEALTH OF 8.1 MILLION PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $1,353,119,756 Revenue: $0

THE FOLLOWING OFFICERS RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2022: M. RASHAD MASSOUD MD,MPH,FACP, SENIOR VP, CPO - $53,045 JED SELKOWITZ, SVP & CHIEF MARKETING OFFICER - $77,155 GABRIELA...

THE FOLLOWING OFFICERS RECEIVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2022: M. RASHAD MASSOUD MD,MPH,FACP, SENIOR VP, CPO - $53,045 JED SELKOWITZ, SVP & CHIEF MARKETING OFFICER - $77,155 GABRIELA SALVADOR MD, MPH, SVP, GL OPERATIONS - $57,047 THESE AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).

Program 2

Expenses: $101,742,895 Revenue: $0

RENTAL EXPENSE RECLASSED TO OFFSET RENTAL INCOME -199,846. DIRECT FUNDRAISING EXPENSE RECLASSED TO OFFSET SPECIAL EVENT REVENUE -1,145,705. COST OF GOODS SOLD -1,223,120.

Program 3

Expenses: $26,694,017 Revenue: $1,109,523

AMERICARES SUPPORTS THE CAPACITY OF LOCAL HEALTH DELIVERY PARTNERS AND PROMOTES HEALTH AND DISEASE PREVENTION IN LOW-INCOME COMMUNITIES ACROSS THE U.S. AND WORLDWIDE. THROUGH WORK IN OUR OWN CLINICS AND THAT OF OUR PARTNERS, AMERICARES PROVIDED AID VALUED AT MORE THAN $28.6 MILLION THROUGH OUR HEALTH SERVICES PROGRAM. IN FY23, AMERICARES COMMUNITY HEALTH PROGRAMS SPANNED A RANGE OF HEALTH THEMES INCLUDING MENTAL HEALTH, WOMEN'S AND CHILDREN'S HEALTH, INFECTIOUS DISEASE, NON-COMMUNICABLE DISEASE (SUCH AS DIABETES AND HYPERTENSION) AND HEALTH SYSTEM STRENGTHENING. WITH LOCAL MANAGEMENT AND STAFF, AMERICARES OPERATES A CLINIC IN EL SALVADOR, CLINICA INTEGRAL DE ATENCION FAMILIAR; WE ALSO PARTNER CLOSELY WITH AMERICARES INDIA AND AMERICARES FREE CLINICS IN CONNECTICUT. IN FY23, AMERICARES ALSO SUPPORTED U.S.-BASED MEDICAL VOLUNTEERS ON 623 SHORT-TERM MEDICAL OUTREACH TRIPS TO 70 COUNTRIES. FOR THESE VOLUNTEERS, AMERICARES MAKES AVAILABLE MEDICINE, AND ALSO SURGICAL SUPPLIES SUCH AS PULSE OXIMETERS, SURGICAL SETS AND SAFE-SURGERY CHECKLISTS; VOLUNTEER SURGICAL TEAMS USED THESE AND OTHER DONATED PRODUCTS TO PERFORM 28,000 SURGERIES IN 60 COUNTRIES IN FY23. TEAMS ALSO DONATE THE PRODUCTS TO HOST FACILITIES AND TRAIN LOCAL STAFF, LAST YEAR TRAINING MORE THAN 6,000 HEALTH WORKERS. AMERICARES ALSO PROVIDES RESOURCES AND TRAINING SO HEALTH WORKERS CAN BETTER SERVE THEIR COMMUNITIES AND IMPROVE THE HEALTH OF LOW-INCOME PATIENTS. IN FY23, AMERICARES CAPACITY-BUILDING TRAINING REACHED 34,546 HEALTH CARE WORKERS ACROSS THE GLOBE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,558,728,826

Program Service Revenue $1,109,523

Investment Income $1,569,309

Other Revenue $-617,852

TOTAL REVENUE $1,560,789,806

Expense Breakdown

Grants Paid $1,418,749,740

Salaries & Benefits $40,918,002

Fundraising Expenses $17,958,803

Program Expenses $1,481,556,668

Other Expenses $51,893,269

TOTAL EXPENSES $1,512,856,382

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,560,789,806	$1,371,372,637	+0.1%
Expenses	$1,512,856,382	$1,410,988,353	+0.1%
Net Income	$47,933,424	$-39,615,716	-2.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

265

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,457,713

Total Directors

$611,776

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE SQUIRES	PRESIDENT/CEO	40.00	Officer Director	$550,579	$61,197	$611,776
SUSAN GROSSMAN	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
JEFFREY T BECKER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PERCIVAL BARRETTO-KO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT M BAYLIS	DIRECTOR	1.00	Director	$0	$0	$0
TIM BOSEK	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE CLOSE MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA CONROY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH F FRANK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN GALLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
TONY GOLDWYN	DIRECTOR	1.00	Director	$0	$0	$0
ERICA HILL	DIRECTOR	1.00	Director	$0	$0	$0
SAMHITA A PJAYANTI	DIRECTOR	1.00	Director	$0	$0	$0
FRANCINE KATSOUDAS	DIRECTOR (THRU 03/2023)	1.00	Director	$0	$0	$0
MEHDI MAHMUD	DIRECTOR	1.00	Director	$0	$0	$0
ALAN RWAMBUYA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SADOVE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SAINT-AMAND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ULLMANN	DIRECTOR, SECRETARY	1.00	Officer Director	$0	$0	$0
NADJA WEST	DIRECTOR	1.00	Director	$0	$0	$0
KENNEDY ODEDE	DIRECTOR	1.00	Director	$0	$0	$0
WALTER WEIL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE A WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARTI NOXON	DIRECTOR (AS OF 05/2023)	1.00	Director	$0	$0	$0
RICHARD K TROWBRIDGE JR	CFO, TREASURER, SVP, GIK OPERATIONS	40.00	Officer	$293,317	$59,082	$352,399
JED SELKOWITZ	SVP & CH. MKTG. OFF. (THRU 08/2022)	40.00	Officer	$280,588	$12,179	$292,767
JENNY GOLDSTEIN	SVP & CHIEF DEVELOPMENT OFFICER	40.00	Officer	$285,394	$57,947	$343,341
MEGIN WOLFMAN	SVP, STRATEGY & COS	40.00	Officer	$247,070	$55,488	$302,558
M RASHAD MASSOUD MDMPHFACP	SENIOR VP, CPO (THRU 08/2022)	40.00	Officer	$292,820	$14,653	$307,473
MONICA BARBER	GENERAL COUNSEL (AS OF 05/2023)	40.00	Officer	$0	$0	$0
GABRIELA SALVADOR MD MPH	SVP, GL OPERATIONS (THRU 08/2022)	40.00	Officer	$234,536	$10,787	$245,323
ELANA LOPEZ	CHIEF PEOPLE OFFICER	40.00	Officer	$295,363	$58,619	$353,982
MATT MOSNER	GEN. COUNS. (THRU 12/2022)	40.00	Officer	$243,100	$43,915	$287,015
JULIE VARUGHESE	CHIEF MEDICAL OFFICER	40.00	Officer	$236,937	$12,515	$249,452
JENNIFER M NAUMANN	ASSISTANT SECRETARY	40.00	Officer	$86,088	$25,539	$111,627
VISHESH JAIN	DEPUTY SVP, IT AND FACILITIES	40.00	Highest	$237,143	$13,702	$250,845
JOAN LITTLEFIELD	DEPUTY SR VP, GLOBAL PROGRAMS	40.00	Highest	$216,987	$39,114	$256,101
YAEL GOTTLIEB	DEPUTY SR VP, INDIVI. PHILANTHROPY	40.00	Highest	$206,852	$47,006	$253,858
LYNEISHA VAUGH-PEREZ	VP, FINANCE, PLANNING & GRANTS	40.00	Highest	$191,157	$13,046	$204,203
DONNA LUCAS	VP, MARKETING AND COMMUNICATIONS	40.00	Highest	$187,365	$51,808	$239,173

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,560,789,806	$1,512,856,382	$380,165,817	$47,933,424
2023	$1,560,789,806	$1,512,856,382	$380,165,817	$47,933,424
2022	$1,371,372,637	$1,410,988,353	$331,108,609	$-39,615,716
2022	$1,371,372,637	$1,410,988,353	$331,108,609	$-39,615,716
2021	$1,234,128,312	$1,283,525,179	$380,390,119	$-49,396,867
2021	$1,237,811,596	$1,283,525,179	$380,390,119	$-45,713,583
2020	$1,440,750,357	$1,247,997,037	$421,824,159	$192,753,320
2019	$976,347,900	$1,077,689,775	$226,198,365	$-101,341,875
2018	$1,044,709,662	$1,325,483,294	$327,273,603	$-280,773,632