MEDICINES360 (EIN 264443340) - 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

2009

Legal Domicile

Principal Officer

ANDREA OLARIU

Phone

4159518700

Tax Period

2023-01-01 to 2023-12-31

MEDICINES360, founded in 2009, is a mid-sized nonprofit in the Medical Research sector that reported $10.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $19.3M exceeded revenue, resulting in a 93% operating deficit.

Mission

MEDICINES360 IS A NON-PROFIT PHARMACEUTICAL ORGANIZATION THAT ADDRESSES UNMET NEEDS OF WOMEN BY DEVELOPING INNOVATIVE, AFFORDABLE AND SUSTAINABLE MEDICINES AND DEVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $854,099

Program Service Revenue $0

Investment Income $-6,717

Other Revenue $9,159,360

TOTAL REVENUE $10,006,742

Expense Breakdown

Grants Paid $43,735

Salaries & Benefits $10,608,675

Fundraising Expenses $747,085

Program Expenses $13,832,521

Other Expenses $8,674,087

TOTAL EXPENSES $19,326,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,006,742	$10,933,921	-0.1%
Expenses	$19,326,497	$18,738,779	+0.0%
Net Income	$-9,319,755	$-7,804,858	+0.2%

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

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

$3,425,129

Total Directors

$2,458,779

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA RAINE-BENNET	CEO THRU 5/16/23	40.00	Officer Director	$1,167,104	$45,093	$1,212,197
LESLIE BENET	CHAIR	2.00	Director	$60,000	$0	$60,000
LISA DAVID	DIRECTOR	2.00	Director	$40,000	$0	$40,000
KAREN DAWES	DIRECTOR	2.00	Director	$40,000	$0	$40,000
ANN BARBER	DIRECTOR	2.00	Director	$40,000	$0	$40,000
MIKE DORSEY	DIRECTOR	2.00	Director	$40,000	$0	$40,000
ELIZABETH GARNER	DIRECTOR	2.00	Director	$40,000	$0	$40,000
ANDREA I OLARIU	COO THRU 5/15/23, CEO FROM 5/16/23	34.46	Officer Director	$540,078	$270,356	$986,582
BRADLEY LUKE	CHIEF FINANCIAL OFFICER	34.20	Officer	$411,443	$146,980	$640,862
ETHAN K KNOWLDEN	GENERAL COUNSEL/BOD SEC THRU 2/28/23	34.20	Officer	$329,840	$9,973	$395,900
CYNTHIA HU	GENERAL COUNSEL/BOD SEC FROM 8/7/23	34.20	Officer	$104,462	$66,908	$189,588
MARK R BUSCH	SVP, QA & PRODUCT SAFETY	26.61	Highest	$266,603	$132,231	$579,846
ROBERT DECKMAN	VP, PRODUCT DEV & SUSTAIN ENG	40.00	Highest	$365,760	$151,109	$516,869
STACEY MANLEY	VP, COMMS & MARKETING THRU 9/30/23	40.00	Highest	$407,402	$34,948	$442,350
AUTUMN EHNOW	EVP, CORPORATE AFFAIRS	19.40	Highest	$185,846	$169,376	$671,001
STEPHANIE KURTEFF	HEAD OF COMPLIANCE THRU 9/8/23	34.20	Highest	$299,096	$26,708	$377,037

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	$10,006,742	$19,326,497	$51,992,405	$-9,319,755
2022	$10,933,921	$18,738,779	$65,028,349	$-7,804,858
2021	$24,675,342	$22,588,940	$78,136,858	$2,086,402
2020	$12,024,199	$23,337,557	$84,365,229	$-11,313,358
2019	$17,400,453	$23,813,287	$89,670,482	$-6,412,834
2018	$16,684,261	$21,355,992	$87,075,006	$-4,671,731

MEDICINES360