COMMONSHARE INC

EIN: 842490661 501(c)(3) Health Care

Henrico, VA

Total Revenue
$1,461,443
Total Expenses
$1,427,174
Total Assets
$589,625
Net Assets
$20,178
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
William M Weimer II
Phone
8044166255
Tax Period
2024-01-01 to 2024-12-31

COMMONSHARE INC, founded in 2019, is a small nonprofit in the Health Care sector that reported $419K in total revenue in fiscal year 2021. Revenue surged 766% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 20% operating margin.

Mission

Commonshare is a charitable pharmacy providing access to prescription medications to individuals. The primary mission focus is to assist uninsured or underinsured individuals, free clinics, federal qualified healthcare centers, and hospitals.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $225,427
Program Service Revenue $1,235,681
Investment Income $335
Other Revenue $0
TOTAL REVENUE $1,461,443

Expense Breakdown

Grants Paid $995,842
Salaries & Benefits $306,127
Fundraising Expenses $0
Program Expenses $1,306,107
Other Expenses $125,205
TOTAL EXPENSES $1,427,174

Year-over-Year Comparison

2024 2023 Change
Revenue $1,461,443 $1,177,705 +0.2%
Expenses $1,427,174 $1,217,978 +0.2%
Net Income $34,269 $-40,273 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
1
Employees
12
Volunteers
5

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
$43,250
Total Directors
2
$43,250
Key Employees
1
$43,250
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM M WEIMER II EXECUTIVE DIRECTOR & BOARD MEMBER 15.00
Officer Director Key Emp
$43,250 $0 $43,250
VINCENT E JACKSON CHAIRMAN OF THE BOARD 2.00
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 $1,461,443 $1,427,174 $589,625 $34,269
2023 $1,177,705 $1,217,978 $417,084 $-40,273
2022 $421,219 $351,650 $126,067 $69,569
2021 $418,895 $335,734 $60,192 $83,161
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