INITIATIVE FOR MEDICINES ACCESS & KNOWLEDGE (I-MAK) INC

EIN: 208559302 501(c)(3) Crime & Legal

LEWES, DE

Total Revenue
$2,921,379
Total Expenses
$1,670,896
Total Assets
$4,371,767
Net Assets
$4,253,892
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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
2007
Legal Domicile
DE
Principal Officer
TAHIR AMIN
Phone
9174556601
Tax Period
2023-01-01 to 2023-12-31

INITIATIVE FOR MEDICINES ACCESS & KNOWLEDGE (I-MAK) INC, founded in 2007, is a community nonprofit in the Crime & Legal sector that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 43% operating margin.

Mission

TO BUILD A MORE JUST AND EQUITABLE MEDICINES SYSTEM FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,921,161
Program Service Revenue $200
Investment Income $18
Other Revenue $0
TOTAL REVENUE $2,921,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $716,567
Fundraising Expenses $125,126
Program Expenses $1,260,564
Other Expenses $954,329
TOTAL EXPENSES $1,670,896

Year-over-Year Comparison

2023 2022 Change
Revenue $2,921,379 $2,830,909 +0.0%
Expenses $1,670,896 $1,565,735 +0.1%
Net Income $1,250,483 $1,265,174 0.0%
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
6
Independent Members
5
Employees
6
Volunteers
7

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
8
$473,640
Total Directors
9
$324,407
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARA GALINSKY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
RENU SAINI BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
MONICA MEHTA SECRETARY (THRU MARCH 2023) 1.00
Officer Director
$0 $0 $0
KAYUM AHMED TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT WARREN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK EKERUO DIRECTOR, SECRETARY (FROM APRIL 2023) 1.00
Officer Director
$0 $0 $0
PRITI KRISHTEL THRU JUNE 2023 CO-FOUNDER/CO-EXECUTIVE DIRECTOR 40.00
Officer Director
$93,020 $8,356 $101,376
TAHIR AMIN CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$206,623 $16,408 $223,031
ANDREW MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
MARTINE HUGHEY CHIEF OPERATING OFFICER 40.00
Officer
$145,390 $3,843 $149,233
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 No data No data No data No data
2023 $2,921,379 $1,670,896 $4,371,767 $1,250,483
2022 $2,830,909 $1,565,735 $3,143,772 $1,265,174
2021 $1,855,914 $1,371,313 $1,832,222 $484,601
2020 $953,611 $863,420 $1,400,880 $90,191
2019 $724,021 $790,575 $1,213,804 $-66,554
2018 $933,296 $2,573,036 $1,600,403 $-1,639,740
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