ASSOCIATION FOR ACCESSIBLE MEDICINES (EIN 522252820) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

JOHN A MURPHY III

Phone

2022497100

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR ACCESSIBLE MEDICINES, founded in 2000, is a mid-sized nonprofit in the Community Improvement sector that reported $22.2M in total revenue in fiscal year 2023. The organization ran a surplus of $4.3M, a strong 19% operating margin.

Mission

PROMOTE THE INTEREST OF THE GENERIC PHARMACEUTICAL AND BIOSIMILAR INDUSTRY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,263,207

Investment Income $578,548

Other Revenue $393,635

TOTAL REVENUE $22,235,390

Expense Breakdown

Grants Paid $319,150

Salaries & Benefits $6,900,923

Fundraising Expenses $0

Other Expenses $10,728,780

TOTAL EXPENSES $17,948,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,235,390	$22,662,006	0.0%
Expenses	$17,948,853	$24,851,441	-0.3%
Net Income	$4,286,537	$-2,189,435	-3.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

330

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

$1,279,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRYS KOKINO	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF BURD	TREASURER	2.00	Officer Director	$0	$0	$0
GRETCHEN FRITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYLL TOUFANIAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN DISHNER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE BAEDER	CHAIR 2/2023-12/2023	2.00	Officer Director	$0	$0	$0
PAUL MCMAHON	BOARD MEMBER	2.00	Director	$0	$0	$0
ROB ALBERT	BOARD MEMBER	2.00	Director	$0	$0	$0
ARUNESH VERMA	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN DUCKER	BOARD MEMBER	2.00	Director	$0	$0	$0
SANJEEV KRISHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN HOFFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM SHEA	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDON ROCKWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
KEREN HARUVI	CHAIR BEGINNING 12/2023	2.00	Officer Director	$0	$0	$0
ABHAY GANDHI	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK MCINTOSH	BOARD MEMBER	2.00	Director	$0	$0	$0
SANJAY GUPTA	BOARD MEMBER	2.00	Director	$0	$0	$0
CRYSTAL FISHER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN FORTIER	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB HOFFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF HAMPTON	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL DIOLOSA	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER HARDWICK	BOARD MEMBER	2.00	Director	$0	$0	$0
VANESSA BRILL	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER KAEMMERER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHIRAG PATEL	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID GAUGH	INTERIM PRESIDENT & CEO	40.00	Officer	$750,530	$49,546	$800,076
KARIN HESSLER	GENERAL COUNSEL AND SECRETARY	40.00	Officer	$442,521	$36,514	$479,035
CRAIG BURTON	SVP POLICY & STRATEGIC ALL	40.00	Highest	$441,340	$52,881	$494,221
GIUSEPPE RANDAZZO	SVP, SCIENCE AND REGULATORY AFFAIRS	40.00	Highest	$420,617	$16,012	$436,629
KATHERINE RAAB	VP FEDERAL GOVERNMENT AFFAIRS	40.00	Highest	$342,323	$41,846	$384,169
JOANNE DUNCAN	FORMER COO	0.00		$114,750	$0	$114,750
DAN LEONARD	FORMER PRESIDENT & CEO	0.00		$413,527	$0	$413,527
ALLEN GOLDBERG	SVP, COMMUNICATIONS	40.00		$301,083	$15,028	$316,111
ERIK KOMENDANT	SVP GOVERNMENT AFFAIRS	40.00		$260,869	$11,724	$272,593

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	$22,235,390	$17,948,853	$23,610,075	$4,286,537
2022	$22,662,006	$24,851,441	$27,489,220	$-2,189,435
2021	$25,522,984	$23,573,545	$18,090,132	$1,949,439
2021	$25,522,984	$23,573,545	$18,090,132	$1,949,439
2020	$25,540,449	$24,629,141	$11,604,954	$911,308
2019	$30,972,110	$29,249,084	$13,682,968	$1,723,026
2018	$26,569,380	$27,206,239	$11,413,504	$-636,859

ASSOCIATION FOR ACCESSIBLE MEDICINES