CIVICA FOUNDATION

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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

NED MCCOY

Phone

8883040120

Tax Period

2023-01-01 to 2023-12-31

CIVICA FOUNDATION, founded in 2019, is a mid-sized nonprofit in the Human Services sector that reported $17.4M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $40.7M exceeded revenue, resulting in a 134% operating deficit.

Mission

ENSURE QUALITY GENERIC MEDICATIONS ARE AVAILABLE AND AFFORDABLE TO EVERYONE. THE FOUNDATION SEEKS BOLD PHILANTHROPIC PARTNERS WHO ARE: 1) PASSIONATE ABOUT IMPROVING AND SAVING THE LIVES OF MILLIONS OF PEOPLE ACROSS THE UNITED STATES, 2) COMMITTED TO BUILDING PATHWAYS TO RELIABLE DRUG ACCESS AND AFFORDABILITY AND 3) INSPIRED BY THE OPPORTUNITY TO INNOVATE FOR LIFE.

Program Service Accomplishments

Program 1

Expenses: $40,679,279

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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 $16,407,622

Program Service Revenue $0

Investment Income $960,251

Other Revenue $0

TOTAL REVENUE $17,367,873

Expense Breakdown

Grants Paid $6,182,577

Salaries & Benefits $3,218,344

Fundraising Expenses $0

Program Expenses $40,679,279

Other Expenses $31,278,358

TOTAL EXPENSES $40,679,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,367,873	$47,381,169	-0.6%
Expenses	$40,679,279	$18,492,148	+1.2%
Net Income	$-23,311,406	$28,889,021	-1.8%

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

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

$3,462,783

Total Directors

$1,219,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS FIERENS	DIRECTOR AND CHAIR	2.00	Officer Director	$0	$0	$0
SHELLEY LYFORD	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL LILJENQUIST	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD FIGEROUA	DIRECTOR	1.00	Director	$0	$0	$0
MARK GHALY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
GLEN TULLMAN	DIRECTOR	1.00	Director	$0	$0	$0
AARON KOWALSKI	DIRECTOR	1.00	Director	$0	$0	$0
NED MCCOY	CHIEF EXECUTIVE OFFICER/PRESIDENT	4.00	Officer Director	$119,053	$29,444	$1,219,975
MARTIN VANTRIESTE	DIRECTOR	1.00	Director	$0	$0	$0
EAMON FITZMAURICE	CHIEF FINANCIAL OFFICER	4.00	Officer	$77,823	$81,389	$859,621
JENNIFER SPALDING	GENERAL COUNSEL	8.00	Officer	$174,834	$16,486	$890,655
ALLAN COUKELL SVP PUBLIC	POLICY/PRESIDENT	10.00	Officer	$113,594	$38,157	$492,532
LAURA SILDON	EXECUTIVE DIRECTOR	40.00	Highest	$192,479	$57,373	$249,852
DONNA GULBINSKI	CHIEF QUALITY & REGULATORY AFFAIRS OFFICER	4.00	Highest	$86,480	$51,334	$916,128
DEBBI FORD	CHIEF COMMUNICATIONS	12.00	Highest	$261,362	$47,768	$918,975
KRISTOPHER WEIDLING	CHIEF HUMAN RESOURCES	2.00	Highest	$38,696	$63,219	$837,128

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	$17,367,873	$40,679,279	$37,978,742	$-23,311,406
2022	$47,381,169	$18,492,148	$63,531,224	$28,889,021
2021	$28,128,066	$255,640	$27,999,890	$27,872,426