SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE - SIRUM

EIN: 271103057 501(c)(3) Health Care

PALO ALTO, CA

Total Revenue
$23,213,898
Total Expenses
$28,619,738
Total Assets
$22,356,677
Net Assets
$20,705,557
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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
CA
Principal Officer
ADAM KIRCHER
Phone
6504887434
Tax Period
2023-01-01 to 2023-12-31

SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE - SIRUM, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $23.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $28.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO STANDARDIZE AND STREAMLINE MEDICAL DONATIONS TO COMMUNITIES IN NEED, ENSURING OPTIMAL CORRDINATION AND EFFICIENCY.

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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 $22,104,923
Program Service Revenue $633,855
Investment Income $420,805
Other Revenue $54,315
TOTAL REVENUE $23,213,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,597,783
Fundraising Expenses $127,266
Program Expenses $27,831,307
Other Expenses $24,021,955
TOTAL EXPENSES $28,619,738

Year-over-Year Comparison

2023 2022 Change
Revenue $23,213,898 $33,807,072 -0.3%
Expenses $28,619,738 $35,453,124 -0.2%
Net Income $-5,405,840 $-1,646,052 +2.3%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
46
Volunteers
4

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
$767,110
Total Directors
7
$767,110
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM KIRCHER CO-FOUNDER 50.00
Officer Director
$245,343 $13,502 $258,845
KIAH WILLIAMS CO-FOUNDER 50.00
Officer Director
$243,343 $13,502 $256,845
GEORGE WANG CO-FOUNDER 50.00
Officer Director
$251,185 $235 $251,420
MICHELLE BRANCH MEMBER 1.00
Director
$0 $0 $0
REBECCA TURNER MEMBER 1.00
Director
$0 $0 $0
GERALDINE MARO MEMBER 1.00
Director
$0 $0 $0
ANDREW LADD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN EDWARD BROWN ENGINEER #1 40.00
Highest
$188,070 $25,828 $213,898
NATHAN JOVIN FOUNDING ENGINEER 40.00
Highest
$186,217 $12,501 $198,718
THOMAS SWEETING SENIOR ENGINEER 40.00
Highest
$160,379 $8,808 $169,187
ANOOP PATEL STAFF PHARMACIST 40.00
Highest
$143,412 $8,844 $152,256
LINDSEY SNYDER SENIOR PRODUCT MANAGER 40.00
Highest
$140,450 $8,392 $148,842
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 $23,213,898 $28,619,738 $22,356,677 $-5,405,840
2022 $33,807,072 $35,453,124 $27,290,299 $-1,646,052
2021 $36,792,276 $32,177,686 $28,261,669 $4,614,590
2020 $42,234,436 $23,305,703 $23,717,513 $18,928,733
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