REGALORX INC (EIN 833558266) - 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

2019

Legal Domicile

Principal Officer

LARRY DOWNEY

Phone

9133206049

Tax Period

2024-01-01 to 2024-12-31

REGALORX INC, founded in 2019, is a small nonprofit in the Health Care sector that reported $231K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $118K, a strong 51% operating margin.

Mission

REGALORX, A 501(C)(3) NONPROFIT ORGANIZATION, PROVIDES HIGH-QUALITY PATIENT ASSISTANCE SERVICES TO PHARMACEUTICAL COMPANIES (OR THEIR FOUNDATIONS) FOR THEIR PATIENT ASSISTANCE FREE-DRUG PROGRAMS. OUR MISSION IS TO PROVIDE THE QUALITY OF CARE FOR THE PATIENT ASSISTANCE PROGRAM (PAP) PATIENTS AND PROVIDERS THAT REFLECTS POSITIVELY ON THE DONOR COMPANY AND DRAWS UPON THE HUMANITARIAN VALUES OF HEART TO HEART INTERNATIONAL, OUR RELATED MEDICAL HUMANITARIAN ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $506

Other Revenue $230,538

TOTAL REVENUE $231,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,950

Fundraising Expenses $0

Other Expenses $102,906

TOTAL EXPENSES $112,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,044	$19,564,566	-1.0%
Expenses	$112,856	$15,329,824	-1.0%
Net Income	$118,188	$4,234,742	-1.0%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MITCHUM	DIRECTOR	1.00	Officer Director	$0	$0	$0
LARRY DOWNEY	DIRECTOR	1.00	Officer Director	$0	$0	$0
BOB LAMBRECHTS	DIRECTOR	1.00	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
2024	$231,044	$112,856	$860,018	$118,188
2023	$19,564,566	$15,329,824	$1,547,774	$4,234,742
2022	$12,071,338	$11,817,005	$2,625,989	$254,333
2021	$5,132,726	$6,122,090	$1,855,489	$-989,364
2020	$3,439,680	$5,557,331	$973,353	$-2,117,651
2019	$931,338	$1,586,476	$888,173	$-655,138

REGALORX INC