LEWES, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
FROM DRUG DEVELOPMENT TO DRUG AFFORDABILITY, THE MEDICINES SYSTEM AFFECTS WHO LIVES AND WHO DIES. THROUGH RESEARCH, EDUCATION, AND PARTNERSHIPS, I-MAK ADVANCES SOLUTIONS TO ADDRESS STRUCTURAL INEQUITY IN THE MEDICINES SYSTEM.
I-MAK'S 2023 ACHIEVEMENTS IN ITS THREE PROGRAM AREAS INCLUDE: RESEARCH: I-MAK RELEASED A RESEARCH BRIEF THAT PROVIDES NEW INSIGHT INTO THE PROFOUND IMPACT OF EXTENDED PATENT PROTECTION THAT LIMITS...
I-MAK'S 2023 ACHIEVEMENTS IN ITS THREE PROGRAM AREAS INCLUDE: RESEARCH: I-MAK RELEASED A RESEARCH BRIEF THAT PROVIDES NEW INSIGHT INTO THE PROFOUND IMPACT OF EXTENDED PATENT PROTECTION THAT LIMITS BIOSIMILAR COMPETITION AND MAINTAINS HIGH DRUG PRICES FOR PATIENTS AND PAYERS. ADDITIONALLY, WE COLLABORATED WITH OTHER ORGANIZATIONS TO PRODUCE RESEARCH REPORTS AND SUBMITTED RESPONSES TO REQUESTS FOR PUBLIC COMMENTS AT THE PTO/FDA. EDUCATION: OUR PUBLIC EDUCATION PROGRAM AIMED TO MAKE THE ROLE OF PATENTS CENTRAL IN THE DRUG PRICING CONVERSATION. I-MAK USED COMMUNICATIONS AND STAKEHOLDER ENGAGEMENT TO REVEAL HOW STRUCTURAL INEQUITIES AT EVERY LEVEL OF THE MEDICINES SYSTEM - BROUGHT INTO SHARP FOCUS BY THE COVID-19 PANDEMIC - LEAD TO UNNECESSARY SUFFERING AND DEATH FOR MILLIONS OF PEOPLE WORLDWIDE. POLICY: I-MAK RELEASED "ADDRESSING PATENT THICKETS TO IMPROVE COMPETITION AND LOWER PRESCRIPTION DRUG PRICES", WHICH OUTLINES SENSIBLE AND OVERDUE REFORMS THAT WILL RETURN INTEGRITY TO THE PATENT SYSTEM BY STRENGTHENING TRANSPARENCY, ENCOURAGING EVIDENCE-BASED POLICY, AND RAISING PATENT QUALITY AND INVENTIVENESS, ALL WHILE STRENGTHENING COMPETITION AND HELPING LOWER DRUG PRICES. THIS "BLUEPRINT FOR REFORM" WAS CREATED USING I-MAK'S PARTICIPATORY CHANGEMAKING MODEL TO GENERATE NEW SOLUTIONS BY BRINGING PEOPLE TOGETHER WHO ARE IDEOLOGICALLY, GEOGRAPHICALLY, AND SECTORALLY DIVERSE TO DISCUSS AND SHAPE THE FUTURE OF MEDICINES, STARTING WITH THE PATENT SYSTEM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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