DRUG TAKEBACK SOLUTIONS FOUNDATION

EIN: 851666391 501(c)(3) Health Care

WINSTONSALEM, NC

Total Revenue
$3,084,312
Total Expenses
$4,737,777
Total Assets
$1,886,055
Net Assets
$-4,388,901
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DE
Principal Officer
CHRIS SMITH
Phone
3367703550
Tax Period
2024-01-01 to 2024-12-31

DRUG TAKEBACK SOLUTIONS FOUNDATION, founded in 2021, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 54% operating deficit.

Mission

THE FOUNDATION, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), CARRIES ON VARIOUS CHARITABLE AND EDUCATIONAL PROGRAMS AND ACTIVITIES SUPPORTING ITS PRIMARY MISSION TO REPRESENT PERSONS THAT MANUFACTURE DRUGS (BOTH PRESCRIPTION AND NONPRESCRIPTION, BRANDED AND GENERIC), HERBAL REMEDIES, DRUG PRODUCTS, BIOLOGICS, MEDICAL DEVICES, AND ANY OTHER SIMILAR PRODUCTS TO PLAN AND OPERATE DRUG TAKE-BACK PROGRAMS AND SIMILAR DRUG STEWARDSHIP LAWS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,000
Program Service Revenue $2,784,312
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,084,312

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,000
Fundraising Expenses $0
Program Expenses $2,701,878
Other Expenses $4,717,777
TOTAL EXPENSES $4,737,777

Year-over-Year Comparison

2024 2023 Change
Revenue $3,084,312 $2,055,249 +0.5%
Expenses $4,737,777 $4,738,024 0.0%
Net Income $-1,653,465 $-2,682,775 -0.4%
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

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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
6

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
$0
Total Directors
3
$20,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT CARTER DIRECTOR 1.00
Director
$10,000 $0 $10,000
SUSAN JONES DIRECTOR 1.00
Director
$10,000 $0 $10,000
JOYCE BALLACK DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SMITH PRESIDENT 1.00
Officer
$0 $0 $0
LEE SMITH TREASURER 1.00
Officer
$0 $0 $0
JON PIERCE SECRETARY 1.00
Officer
$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 $3,084,312 $4,737,777 $1,886,055 $-1,653,465
2023 $2,055,249 $4,738,024 $463,256 $-2,682,775
2022 $826,693 $902,830 $66,569 $-76,137
2020 No data No data No data No data
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