TRANSCELERATE BIOPHARMA INC

EIN: 460886344 Medical Research

WEST CONSHOHOCKEN, PA

Total Revenue
$38,595,799
Total Expenses
$31,739,939
Total Assets
$55,325,009
Net Assets
$18,494,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
JANICE CHANG
Phone
4845391230
Tax Period
2024-01-01 to 2024-12-31

TRANSCELERATE BIOPHARMA INC, founded in 2012, is a mid-sized nonprofit in the Medical Research sector that reported $38.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 18% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO COLLABORATE ACROSS THE GLOBAL BIOPHARMACEUTICAL R&D COMMUNITY TO IDENTIFY, DESIGN AND FACILITATE IMPLEMENTATION OF SOLUTIONS DESIGNED TO DRIVE THE EFFICIENT, EFFECTIVE AND HIGH QUALITY DELIVERY OF NEW MEDICINES.

Program Service Accomplishments

Program 1
Expenses: $22,012,036 Revenue: $37,402,000

IN 2024, TRANSCELERATE CONTINUED TO FOCUS ON ADVANCING CLINICAL RESEARCH BY HARNESSING COLLABORATION TO ADDRESS SYSTEMIC CHALLENGES AND ACCELERATING INNOVATION. THE ORGANIZATION MADE IMPORTANT...

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IN 2024, TRANSCELERATE CONTINUED TO FOCUS ON ADVANCING CLINICAL RESEARCH BY HARNESSING COLLABORATION TO ADDRESS SYSTEMIC CHALLENGES AND ACCELERATING INNOVATION. THE ORGANIZATION MADE IMPORTANT STRIDES AIMED AT BRIDGING THE GAP BETWEEN CLINICAL RESEARCH AND PATIENT CARE, MAKING VITAL TRIAL INFORMATION MORE EASILY ACCESSIBLE AND HELPING THE INDUSTRY DELIVER LIFE-SAVING MEDICINES BETTER AND FASTER.TRANSCELERATE'S PORTFOLIO OF WORK ALIGNED TO THREE CORE AREAS: 1) TRANSFORMING CONNECTIVITY, TO REDEFINE HOW RESEARCH AND CARE INTERACT; 2) INFORMATION SHARING AND REUSE, TO LEVERAGE EXISTING DATA FOR ENABLING FASTER DISCOVERIES; AND 3) INNOVATIVE TRIAL DESIGN, TO PUT PATIENTS AT THE HEART OF CLINICAL TRIALS.MEMBERSHIP GREW TO MORE THAN 20 LEADING BIOPHARMA COMPANIES, FURTHER STRENGTHENING COLLABORATIVE EFFORTS. THE ORGANIZATION LED 15 ACTIVE INITIATIVES AND COMPLETED THE YEAR WITH MORE THAN 35 TOOLS AND SOLUTIONS IN PROGRESS. SINCE ITS FOUNDING IN 2012, TRANSCELERATE HAS DEVELOPED MORE THAN 570 TOOLKITS, EMPLOYING AN APPROACH THAT COMBINES RAPID IMPROVEMENTS FOR IMMEDIATE IMPLEMENTATION WITH LONG-TERM SOLUTIONS TO TRANSFORM THE R&D ECOSYSTEM.SOME HIGHLIGHTS OF TRANSCELERATE'S PORTFOLIO OF WORK IN 2024: DIGITAL DATA FLOW INITIATIVE: MODERNIZE CLINICAL TRIALS BY ENABLING DIGITIZATION OF PROTOCOLS, AUTOMATION OF DATA FLOW AND STREAMLINING THE R&D PROCESS, REDUCING CYCLE TIMES AND IMPROVING DATA QUALITY. HISTORICAL TRIAL DATA SHARING INITIATIVE: ENABLE COMPANIES TO IMPROVE STUDY DESIGN, REDUCE PLACEBO USE AND ACCELERATE DRUG DEVELOPMENT BY RESPONSIBLY AND SECURELY SHARING AND REUSING DATA. MODERNIZING INDIVIDUAL CASE SAFETY REPORT (ICSR) MANAGEMENT INITIATIVE: SEEKS TOS TRANSFORM THE ICSR SYSTEM, WHICH WOULD REDUCE DUPLICATION, ENABLE REAL-TIME SAFETY DATA ACCESS AND ENHANCE PATIENT SAFETY THROUGH MORE EFFICIENT PROCESSING. EMBEDDED PRAGMATIC TRIALS INITIATIVE: AIMS TO FACILITATE THE ABILITY TO CONDUCT PRAGMATIC CLINICAL TRIALS BY DEVELOPING RESOURCES, PROVING FEASIBILITY AND ADDRESSING OPERATIONAL DIFFERENCES TO BETTER INTEGRATE RESEARCH INTO ROUTINE CARE. MODERNIZING CLINICAL TRIAL CONDUCT INITIATIVE: ADVANCE TRIALS BY HELPING COMPANIES ADOPT PATIENT-FRIENDLY TECHNOLOGIES LIKE TELEMEDICINE, OFFERING MORE FLEXIBILITY WHILE ENSURING PATIENT SAFETY AND DATA INTEGRITY.TRANSCELERATE COLLABORATED WITH VARIOUS ORGANIZATIONS INCLUDING THE ASSOCIATION OF CLINICAL RESEARCH ORGANIZATIONS (ACRO), THE EU PATIENT-CENTRIC CLINICAL TRIAL PLATFORMS (EU-PEARL), AND THE CLINICAL DATA INTERCHANGE STANDARDS CONSORTIUM (CDISC).THE ACRO COLLABORATION RESULTED IN CO-CREATION OF TOOLS TO SUPPORT THE IMPLEMENTATION OF THE INTERNATIONAL COUNCIL FOR HARMONIZATION'S NEW GOOD CLINICAL PRACTICE GUIDELINES AROUND THE WORLD. THROUGH THE EU-PEARL PARTNERSHIP, PROGRESS WAS MADE TO SIMPLIFY THE APPROACH TO PATIENT-FRIENDLY PLATFORM TRIALS. THE COLLABORATION WITH CDISC HELPED TO ACCELERATE THE DEVELOPMENT OF CLINICAL DATA EXCHANGE STANDARDS FOR PROTOCOL DIGITIZATION. TRANSCELERATE ENGAGED IN PRODUCTIVE DIALOGUE AND ACTION WITH GLOBAL HEALTH AUTHORITIES TO ACCELERATE THE PACE OF CHANGE THROUGH IMPLEMENTATION OF A HOLISTIC APPROACH TO ENGAGEMENT, ACTIVE PARTICIPATION WITH HEALTH AUTHORITIES AT CONFERENCES AND PUBLIC EVENTS, AND ADVANCEMENT OF KNOWLEDGE AND EDUCATION THROUGH SHARING OF INSIGHTS, LEARNINGS AND DATA. TRANSCELERATE ALSO SHARED INSIGHTS ACROSS THE R&D ECOSYSTEM: HOSTING 10 PUBLIC WEBINARS REACHING 4000+ PROFESSIONALS, PUBLISHING WHITE PAPERS TACKLING EVERYTHING FROM DECENTRALIZED TRIALS TO REAL-WORLD DATA, AND BEING FEATURED IN TOP INDUSTRY PUBLICATIONS. THE ORGANIZATION ALSO SHARED ITS VOICE AT OVER 40 LEADERSHIP-LEVEL EVENTS ACROSS 27 CITIES AND 12 COUNTRIES. THE ORGANIZATION'S WORK IN 2024 WAS AND WILL CONTINUE TO BE GEARED AROUND BUILDING A MORE EFFICIENT, PATIENT-CENTERED FUTURE FOR CLINICAL RESEARCH.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,402,000
Investment Income $1,193,799
Other Revenue $0
TOTAL REVENUE $38,595,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,759,153
Fundraising Expenses $0
Program Expenses $22,012,036
Other Expenses $21,980,786
TOTAL EXPENSES $31,739,939

Year-over-Year Comparison

2024 2023 Change
Revenue $38,595,799 $34,168,812 +0.1%
Expenses $31,739,939 $32,521,149 0.0%
Net Income $6,855,860 $1,647,663 +3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
21
Employees
33
Volunteers
27

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
4
$1,740,969
Total Directors
26
$1,104,805
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE CHANG CEO 40.00
Officer Director
$1,062,291 $42,514 $1,104,805
KATHRYN OWEN CHAIR OF BOARD OF DIRECTORS 0.50
Director
$0 $0 $0
BADHRI SRINIVASAN VICE CHAIR OF BOARD OF DIRECTOR 0.50
Director
$0 $0 $0
ELIAV BARR BOARD MEMBER 0.50
Director
$0 $0 $0
DIETMAR BERGER BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS CORSICO BOARD MEMBER 0.50
Director
$0 $0 $0
ROB GOODWIN BOARD MEMBER 0.50
Director
$0 $0 $0
LYKKE HINSCH GYLVIN BOARD MEMBER (EFF 6/2024) 0.50
Director
$0 $0 $0
NARIMON HONARPOUR BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTOPH KOENEN BOARD MEMBER 0.50
Director
$0 $0 $0
MARIA KOUTSOPOULOU BOARD MEMBER 0.50
Director
$0 $0 $0
BARI KOWAL BOARD MEMBER 0.50
Director
$0 $0 $0
FABIO LIEVANO BOARD MEMBER (EFF 11/2024) 0.50
Director
$0 $0 $0
IRIS LOEW-FRIEDRICH BOARD MEMBER 0.50
Director
$0 $0 $0
CRISTIAN MASSACESI BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT METCALF BOARD MEMBER 0.50
Director
$0 $0 $0
MICHELLE ROHRER BOARD MEMBER 0.50
Director
$0 $0 $0
MERDAD PARSEY BOARD MEMBER 0.50
Director
$0 $0 $0
MOKASH SHARMA BOARD MEMBER 0.50
Director
$0 $0 $0
TOM SENDEROVITZ BOARD MEMBER (EFF 4/2024) 0.50
Director
$0 $0 $0
TADAAKI TANIGUCHI BOARD MEMBER 0.50
Director
$0 $0 $0
TAKUKO YAMADA-SAWADA BOARD MEMBER 0.50
Director
$0 $0 $0
ULI BROEDL BOARD MEMBER (THRU 6/2024) 0.50
Director
$0 $0 $0
MARTIN HOLST LANGE BOARD MEMBER (THRU 4/2024) 0.50
Director
$0 $0 $0
RAGAD ATTAR BOARD MEMBER (EFF-5/24/ THRU-8/24) 0.50
Director
$0 $0 $0
ROOPAL THAKKAR BOARD MEMBER (THRU 4/2024) 0.50
Director
$0 $0 $0
ALLISON CUFF SHIMOOKA COO 40.00
Officer
$582,003 $54,161 $636,164
ANDREW LEE TREASURER 0.50
Officer
$0 $0 $0
STEPHEN LIN SECRETARY (THRU 11/2024) 0.50
Officer
$0 $0 $0
JENNIFER A BURGESS VP, GLOBAL COMMUNICATIONS & ENGAGEMENT 40.00
Highest
$461,236 $44,362 $505,598
ANTHONY GARGES HEAD OF FINANCE & ADMINISTRATION 40.00
Highest
$397,818 $47,267 $445,085
CARA L RINALDI VP, PORTFOLIO MANAGEMENT 40.00
Highest
$417,189 $53,497 $470,686
JENEEN DONADEO EXEC. PORTFOLIO DIRECTOR 40.00
Highest
$395,823 $33,953 $429,776
ROBERT DICICCO VP, PORTFOLIO MANAGEMENT 40.00
Highest
$389,486 $66,267 $455,753
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
2025 No data No data No data No data
2024 $38,595,799 $31,739,939 $55,325,009 $6,855,860
2023 $34,168,812 $32,521,149 $48,107,662 $1,647,663
2022 $33,600,302 $34,262,372 $48,482,660 $-662,070
2021 $31,090,660 $33,180,341 $50,373,384 $-2,089,681
2020 $31,974,894 $28,107,965 $49,374,410 $3,866,929
2019 $27,979,345 $26,700,072 $45,613,199 $1,279,273
2018 $25,318,445 $30,891,037 $38,632,750 $-5,572,592
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