Beacon Charitable Pharmacy Inc

EIN: 200797475 501(c)(3) Health Care

Canton, OH

Total Revenue
$6,024,644
Total Expenses
$5,433,821
Total Assets
$2,328,948
Net Assets
$2,199,358
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OH
Principal Officer
LaTrice Snodgrass
Phone
3304451086
Tax Period
2024-01-01 to 2024-12-31

Beacon Charitable Pharmacy Inc, founded in 2006, is a community nonprofit in the Health Care sector that reported $6.0M in total revenue in fiscal year 2024. Expenses of $5.4M left a modest 10% surplus.

Mission

PROVIDES ACCESS FOR THE MOST VULNERABLE POPULATIONS TO PHARMACEUTICALS AND EDUCATION THROUGH BEACON CHARITABLE PHARMACY. COLLABORATES WITH OTHER HEALTH CARE PROVIDERS AND COMMUNITY ORGANIZATIONS TO MAXIMIZE RESOURCES AND PROVIDE EFFECTIVE AND EFFICIENT SERVICES. BEACON CHARITABLE PHARMACY ADVOCATES, EDUCATES AND CULTIVATES SERVICES AND FUNDING TO SERVE THE MEDICATION NEEDS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $5,324,305 Revenue: $113,512

To provide assistance for low income residents of Stark County to obtain prescription medication. In 2024, BCP dispensed 24,111 prescription medications to 815 unique patients. The medications had an...

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To provide assistance for low income residents of Stark County to obtain prescription medication. In 2024, BCP dispensed 24,111 prescription medications to 815 unique patients. The medications had an average Wholesale Price (AWP) or value of $4,601,431.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,868,181
Program Service Revenue $113,512
Investment Income $10,138
Other Revenue $32,813
TOTAL REVENUE $6,024,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $522,200
Fundraising Expenses $18,132
Program Expenses $5,324,305
Other Expenses $4,911,621
TOTAL EXPENSES $5,433,821

Year-over-Year Comparison

2024 2023 Change
Revenue $6,024,644 $6,243,055 0.0%
Expenses $5,433,821 $5,352,148 +0.0%
Net Income $590,823 $890,907 -0.3%
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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Governance

Voting Members
16
Independent Members
15
Employees
12
Volunteers
75

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
6
$132,300
Total Directors
16
$132,300
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Hubert Key Employee 40.0
Highest
$139,050 $0 $139,050
Latrice Snodgrass Chief Executive Officer 40.0
Officer Director
$132,300 $0 $132,300
Garret Brown Director 1.0
Director
$0 $0 $0
Latoya Dickens Jones Vice President 1.0
Officer Director
$0 $0 $0
John Feucht Director 1.0
Director
$0 $0 $0
Joe Chenevey Director 1.0
Director
$0 $0 $0
Jonathan Bishop Director 1.0
Director
$0 $0 $0
Jerry N Liliestedt Director 1.0
Director
$0 $0 $0
Lisa Oesch Director 1.0
Director
$0 $0 $0
Richard Kress Treasurer 1.0
Officer Director
$0 $0 $0
Mandwel Patterson President 1.0
Officer Director
$0 $0 $0
Kyle Sobecki Immediate Past President 1.0
Officer Director
$0 $0 $0
Erin Domenico Director 1.0
Director
$0 $0 $0
Pedro Chavez Director 1.0
Director
$0 $0 $0
Katherine Tromp Director 1.0
Director
$0 $0 $0
Jacqueline Bollas Caldwell Secretary 1.0
Officer Director
$0 $0 $0
Steve Burger Director 1.0
Director
$0 $0 $0
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
2024 $6,024,644 $5,433,821 $2,328,948 $590,823
2023 $6,243,055 $5,352,148 $1,635,616 $890,907
2022 $4,854,004 $4,917,897 $759,122 $-63,893
2021 $4,374,596 $4,291,220 $825,271 $83,376
2020 $4,002,936 $3,912,335 $722,073 $90,601
2019 $3,789,661 $3,707,638 $623,867 $82,023
2018 $2,880,482 $2,880,954 $570,497 $-472
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