Regulatory Affairs Professionals Society

EIN: 521139030 501(c)(3) Public & Societal Benefit

Rockville, MD

Total Revenue
$16,579,527
Total Expenses
$16,325,222
Total Assets
$13,211,795
Net Assets
$5,683,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
DC
Principal Officer
William McMoil
Phone
3017702920
Tax Period
2024-01-01 to 2024-12-31

Regulatory Affairs Professionals Society, founded in 1977, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

RAPS serves the regulatory profession by providing educational programs, products, and services to meet their professional development needs. RAPS promotes the regulatory profession by bringing visibility to the importance of the profession in the timely delivery of safe and effective regulated healthcare products.

Program Service Accomplishments

Program 1
Expenses: $8,552,384 Revenue: $3,111,840

Professional Issues - More than 125 educational programs and courses, providing initial training and advanced learning opportunities for professionals both in-person and online, including the...

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Professional Issues - More than 125 educational programs and courses, providing initial training and advanced learning opportunities for professionals both in-person and online, including the society's annual conference; the professional certification program (Regulatory Affairs Certification - RAC) offering four examinations-covering US, European Union, Canadian and international regulations.

Program 2
Expenses: $3,182,671 Revenue: $9,547,057

Communications - Production of print and electronic communications, including RAPS' online publication, regulatory focus; RAPS books and publications; electronic communications and the development...

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Communications - Production of print and electronic communications, including RAPS' online publication, regulatory focus; RAPS books and publications; electronic communications and the development and maintenance of RAPS branded websites; marketing efforts for educational programs and services and professional activities; exhibits and communications at RAPS' annual conference and other RAPS events; public relations initiatives including outreach to general and trade media and other professional and consumer groups; and coordinated social media communications.

Program 3
Expenses: $1,061,532 Revenue: $3,577,358

Membership - Educational, scientific society supporting regulatory affairs professionals in the medical devices, pharmaceuticals and biologics-related organizations, including industry, government...

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Membership - Educational, scientific society supporting regulatory affairs professionals in the medical devices, pharmaceuticals and biologics-related organizations, including industry, government, clinical research, academia. Provide membership support, educational and information services, digital publication of information relevant to the profession and health sector, virtual and in- person peer-to-peer networking, local/international chapters and affiliates and a variety of other programs, products and services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $70
Program Service Revenue $15,688,630
Investment Income $315,126
Other Revenue $575,701
TOTAL REVENUE $16,579,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,652,578
Fundraising Expenses $999,801
Program Expenses $12,796,587
Other Expenses $8,672,644
TOTAL EXPENSES $16,325,222

Year-over-Year Comparison

2024 2023 Change
Revenue $16,579,527 $14,985,971 +0.1%
Expenses $16,325,222 $14,788,162 +0.1%
Net Income $254,305 $197,809 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
62
Volunteers
433

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
$424,481
Total Directors
13
$0
Key Employees
2
$528,598
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gert Bos Chair 1.00
Officer Director
$0 $0 $0
Jethro Ekuta President 1.00
Officer Director
$0 $0 $0
Patricia Reis Castro Treasurer 1.00
Officer Director
$0 $0 $0
Ayse Baker Director 1.00
Director
$0 $0 $0
Carol Cooper Director 1.00
Director
$0 $0 $0
Daniela Drago Director 1.00
Director
$0 $0 $0
Sabina Hoekstra-van den Bosch Director 1.00
Director
$0 $0 $0
Jocelyn Jennings Director 1.00
Director
$0 $0 $0
Lawrence Liberti Director 1.00
Director
$0 $0 $0
Jennifer Paine Director 1.00
Director
$0 $0 $0
Frank Pokrop Director 1.00
Director
$0 $0 $0
Diana Salditt Director 1.00
Director
$0 $0 $0
Kimberly Trautman Director 1.00
Director
$0 $0 $0
William McMoil Executive Director 40.00
Officer
$392,385 $32,096 $424,481
Amy Fisher Vice President 40.00
Key Emp
$236,836 $25,522 $262,358
Brian Savoie Senior Vice President 40.00
Key Emp
$234,294 $31,946 $266,240
Denise Fulton Vice President 40.00
Highest
$194,501 $32,166 $226,667
Patricia Young Associate Vice President 40.00
Highest
$151,434 $11,737 $163,171
Wendy Sahli Director 40.00
Highest
$149,725 $13,506 $163,231
Jennifer Naughton Director 40.00
Highest
$148,032 $30,948 $178,980
Patrick Flynn Director 40.00
Highest
$156,718 $17,708 $174,426
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 $16,579,527 $16,325,222 $13,211,795 $254,305
2023 $14,985,971 $14,788,162 $12,165,139 $197,809
2022 $13,364,551 $13,905,695 $11,914,074 $-541,144
2021 $11,265,798 $10,926,452 $10,385,776 $339,346
2020 $11,018,465 $10,116,103 $9,226,443 $902,362
2019 $12,098,748 $11,186,814 $8,255,832 $911,934
2018 $10,623,629 $10,157,654 $6,429,632 $465,975
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