Prescription Drug Assistance Foundation

EIN: 331134368 501(c)(3) Health Care

Spokane, WA

Total Revenue
$204,805
Total Expenses
$189,630
Total Assets
$145,631
Net Assets
$146,981
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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
2006
Legal Domicile
WA
Principal Officer
Emiliano Sanchez
Tax Period
2021-01-01 to 2021-12-31

Prescription Drug Assistance Foundation, founded in 2006, is a small nonprofit in the Health Care sector that reported $205K in total revenue in fiscal year 2021. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $190K left a modest 7% surplus.

Mission

To provide low income state residents with prescription medications at no or very low costs.

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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 (2021)

Revenue Breakdown

Contributions & Grants $204,794
Program Service Revenue $0
Investment Income $11
Other Revenue $0
TOTAL REVENUE $204,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,046
Fundraising Expenses $9,721
Program Expenses $161,887
Other Expenses $14,584
TOTAL EXPENSES $189,630

Year-over-Year Comparison

2021 2020 Change
Revenue $204,805 $160,996 +0.3%
Expenses $189,630 $178,793 +0.1%
Net Income $15,175 $-17,797 -1.9%
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
5
Independent Members
5
Employees
2
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
$71,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Armstrong Executive Director 40.00
Officer
$71,000 $0 $71,000
Tommy Tobin Director 1.00
Director
$0 $0 $0
Cathy Simchuk Director 1.00
Director
$0 $0 $0
Eric Lohnes Director 1.00
Director
$0 $0 $0
Emiliano Sanchez President 2.00
Officer Director
$0 $0 $0
Karen Howe Treasurer 2.00
Officer Director
$0 $0 $0
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
2021 $204,805 $189,630 $145,631 $15,175
2020 $160,996 $178,793 $121,647 $-17,797
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