PALO ALTO, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO STANDARDIZE AND STREAMLINE MEDICAL DONATIONS TO COMMUNITIES IN NEED, ENSURING OPTIMAL CORRDINATION AND EFFICIENCY.
SIRUM USES TECHNOLOGY TO CONNECT SURPLUS MEDICINE FROM INSTITUTIONSLIKE COMMERCIAL PHARMACIES AND HEALTH FACILITIES WITH SAFETY-NETPROVIDERS LIKE FREE CLINICS AND CHARITABLE PHARMACIES TO BENEFIT...
SIRUM USES TECHNOLOGY TO CONNECT SURPLUS MEDICINE FROM INSTITUTIONSLIKE COMMERCIAL PHARMACIES AND HEALTH FACILITIES WITH SAFETY-NETPROVIDERS LIKE FREE CLINICS AND CHARITABLE PHARMACIES TO BENEFIT ILLAND/OR NEEDED INDIVIDUALS. LIKE A MATCH.COM FOR MEDICINE, THEORGANIZATION CONNECTS MEDICINE DONORS WITH THESE SAFETY-NET PROVIDERSAND COORDINATES THIRD PARTY LOGISTICS LIKE ITEMIZED DRUG MANIFESTS,TRACKING AND SHIPPING. ACTIVITIES INCLUDE OPERATING A NOT-FOR-PROFITPHARMACIES AND RETURNS PROCESSORS, WHICH ARE UTILIZED WHEN NEEDED ASTHIRD PARTY LOGISTICS PROVIDERS OFFERING WAREHOUSING AND DISTRIBUTIONSERVICES FOR DONATED MEDICINE GOING TO INDIVIDUALS IN NEED.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare SUPPORTING INITIATIVES TO REDISTRIBUTE UNUSED MEDICINE - SIRUM with other nonprofits in California and across the country.