PATIENT ACCESS NETWORK FOUNDATION (EIN 201184743) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

KEVIN HAGAN

Phone

2023479272

Tax Period

2024-01-01 to 2024-12-31

PATIENT ACCESS NETWORK FOUNDATION, founded in 2004, is a major nonprofit that reported $203.0M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $38.8M, a strong 19% operating margin.

Mission

AS A LEADING CHARITABLE FOUNDATION AND HEALTHCARE ADVOCACY ORGANIZATION, THE PAN FOUNDATION IS DEDICATED TO ACCELERATING ACCESS TO TREATMENT FOR THOSE WHO NEED IT MOST AND EMPOWERING PATIENTS ON THEIR HEALTHCARE JOURNEYS. WE PROVIDE CRITICAL FINANCIAL ASSISTANCE FOR TREATMENT COSTS, ADVOCATE FOR POLICY SOLUTIONS THAT EXPAND ACCESS TO CARE, AND DELIVER EDUCATION ON COMPLEX TOPICS - ALL DRIVEN BY OUR BELIEF THAT EVERYONE DESERVES ACCESS TO AFFORDABLE, EQUITABLE HEALTHCARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $191,793,542

Program Service Revenue $0

Investment Income $10,929,238

Other Revenue $295,493

TOTAL REVENUE $203,018,273

Expense Breakdown

Grants Paid $133,801,312

Salaries & Benefits $11,835,386

Fundraising Expenses $1,421,934

Program Expenses $145,731,787

Other Expenses $18,378,314

TOTAL EXPENSES $164,252,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,018,273	$374,424,371	-0.5%
Expenses	$164,252,647	$288,133,138	-0.4%
Net Income	$38,765,626	$86,291,233	-0.6%

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

184

Volunteers

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

$963,047

Total Directors

$164,000

Key Employees

$340,612

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DUNLOP	CHAIR	3.00	Officer Director	$16,000	$0	$16,000
NANCY MCGEE	VICE CHAIR	3.00	Officer Director	$12,000	$0	$12,000
MARY FINDLEY	SECRETARY	3.00	Officer Director	$12,000	$0	$12,000
MARY BLUNT	DIRECTOR	3.00	Director	$12,000	$0	$12,000
JENNIFER BROWN	DIRECTOR	3.00	Director	$4,000	$0	$4,000
WENDY BULLINGTON	DIRECTOR	3.00	Director	$12,000	$0	$12,000
JOSEPH D'AVELLA	DIRECTOR	3.00	Director	$12,000	$0	$12,000
NICHOLAS LAROCHELLE	DIRECTOR	3.00	Director	$12,000	$0	$12,000
ANNA MCKEAN	DIRECTOR	3.00	Director	$12,000	$0	$12,000
WINFRED PARNELL	DIRECTOR	3.00	Director	$12,000	$0	$12,000
JON SELLMAN	DIRECTOR	3.00	Director	$12,000	$0	$12,000
SARAH THOMASON	DIRECTOR	3.00	Director	$12,000	$0	$12,000
ELIZABETH WADE	DIRECTOR	3.00	Director	$12,000	$0	$12,000
HOWARD WEINBERG	DIRECTOR	3.00	Director	$12,000	$0	$12,000
CHASE BICE	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT SCHLENOFF	CFO & TREASURER	40.00	Officer	$322,249	$39,025	$361,274
KEVIN HAGAN	PRESIDENT & CEO	40.00	Officer	$522,023	$39,750	$561,773
AMY NILES	CHIEF MISSION OFFICER	40.00	Key Emp	$319,173	$21,439	$340,612
KIM BAICH	CHIEF IMPACT OFFICER	40.00	Highest	$292,636	$26,347	$318,983
MIA HARMON	CHIEF COMPLIANCE & PRIVACY OFFICER	40.00	Highest	$273,723	$27,618	$301,341
JEANINE JONES	CHIEF EXPERIENCE OFFICER	40.00	Highest	$258,711	$17,998	$276,709
RICHARD CITRENBAUM	VP OF OPERATIONS (THRU 2/24)	40.00	Highest	$218,268	$4,927	$223,195
ALAN GORDON	CHIEF TECHNOLOGY OFFICER (BEG 4/24)	40.00	Highest	$223,805	$11,675	$235,480

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	$203,018,273	$164,252,647	$471,257,493	$38,765,626
2023	$374,424,371	$288,133,138	$468,568,076	$86,291,233
2022	$284,201,023	$330,787,568	$405,191,661	$-46,586,545
2021	$310,279,884	$406,772,925	$507,970,702	$-96,493,041
2020	$450,697,511	$477,094,459	$621,060,629	$-26,396,948
2019	$450,920,542	$413,026,478	$612,088,227	$37,894,064
2018	$540,784,733	$365,062,418	$557,200,700	$175,722,315

PATIENT ACCESS NETWORK FOUNDATION