Rare Access Action Project Inc (EIN 824433613) - 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

2018

Legal Domicile

Principal Officer

Michael Eging

Phone

2027311275

Tax Period

2023-01-01 to 2023-12-31

Rare Access Action Project Inc, founded in 2018, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $984K exceeded revenue, resulting in a 364% operating deficit.

Mission

RAAP is a coalition of life sciences and patent stakeholders that explores creative policy solutions to address structural issues is access and coverage. Our priority is to help ensure rare disease patients have access to the care and treatments they need.

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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 $211,500

Program Service Revenue $0

Investment Income $479

Other Revenue $0

TOTAL REVENUE $211,979

Expense Breakdown

Grants Paid $106,900

Salaries & Benefits $318,000

Fundraising Expenses $0

Program Expenses $668,816

Other Expenses $558,620

TOTAL EXPENSES $983,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,979	$2,445,165	-0.9%
Expenses	$983,520	$3,056,887	-0.7%
Net Income	$-771,541	$-611,722	+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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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

N/A

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

$318,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Eging	Chairman	20.00	Officer	$183,000	$0	$183,000
Evan Kozlow	Treasurer	20.00	Officer	$135,000	$0	$135,000
Chuck Clapton	Secretary	5.00	Director	$0	$0	$0
Tara Britt	Director	5.00	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
2024	No data	No data	No data	No data
2023	$211,979	$983,520	$89,120	$-771,541
2022	$2,445,165	$3,056,887	$860,661	$-611,722
2021	$5,569,250	$4,456,356	$1,472,383	$1,112,894
2020	$493,351	$379,717	$359,489	$113,634

Rare Access Action Project Inc