STATE ACCESS TO INNOVATIVE MEDICINES COALITION

EIN: 853070840 Health Care

WASHINGTON, DC

Total Revenue
$242,302
Total Expenses
$38,251
Total Assets
$204,051
Net Assets
$204,051
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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
2020
Legal Domicile
DC
Principal Officer
BRIAN HENDERSON
Phone
2027195315
Tax Period
2020-09-02 to 2020-12-31

STATE ACCESS TO INNOVATIVE MEDICINES COALITION, founded in 2020, is a small nonprofit in the Health Care sector that reported $242K in total revenue in fiscal year 2020. The organization ran a surplus of $204K, a strong 84% operating margin.

Mission

THE SAIM COALITION'S MISSION IS TO FACILITATE COLLABORATION BETWEEN PATIENT ADVOCACY, HEALTH CARE PROVIDER, AND LIFE SCIENCES ORGANIZATIONS TO ADVANCE STATE POLICIES THAT IMPROVE PATIENT ACCESS TO INNOVATIVE MEDICINES.

Program Service Accomplishments

Program 1
Expenses: $19,543

ADVOCACY AND LOBBYING STRATEGY. WITH THE GOAL OF IMPROVING PATIENT ACCESS TO INNOVATIVE MEDICINES, THE COALITION DEVELOPS COORDINATED STRATEGIES FOR ITS MEMBERS TO USE IN THEIR STATE-LEVEL ENGAGEMENT...

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ADVOCACY AND LOBBYING STRATEGY. WITH THE GOAL OF IMPROVING PATIENT ACCESS TO INNOVATIVE MEDICINES, THE COALITION DEVELOPS COORDINATED STRATEGIES FOR ITS MEMBERS TO USE IN THEIR STATE-LEVEL ENGAGEMENT IN ADVOCACY AND LOBBYING ACTIVITIES. ALL MEMBERS CONTRIBUTE TO THE DEVELOPMENT OF THESE STRATEGIES AND SHARE UPDATES ON THE PROGRESS OF THEIR LOBBYING AND ADVOCACY ACTIVITIES DURING REGULAR COALITION CALLS AND MEETINGS. THE COALITION'S ADVOCACY AND LOBBYING ACTIVITIES FOCUSES ON THE FOLLOWING POLICY AREAS THAT GREATLY IMPACT MANY INDIVIDUALS ACROSS THE UNITED STATES: LIMITING THE USE OF STEP THERAPY PROTOCOLS AND REDUCING THE BURDEN OF OUT-OF-POCKET COSTS FOR MEDICATIONS.

Program 2
Expenses: $8,376

INFORMATIONAL RESOURCE DEVELOPMENT. TO SUPPORT ITS MEMBERS' LOBBYING AND ADVOCACY ACTIVITIES, THE COALITION DEVELOPS RESOURCES RELATED TO ITS STEP THERAPY AND OUT-OF-POCKET HEALTHCARE COSTS...

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INFORMATIONAL RESOURCE DEVELOPMENT. TO SUPPORT ITS MEMBERS' LOBBYING AND ADVOCACY ACTIVITIES, THE COALITION DEVELOPS RESOURCES RELATED TO ITS STEP THERAPY AND OUT-OF-POCKET HEALTHCARE COSTS PRIORITIES. SUCH RESOURCES INCLUDE MODEL BILLS AND FACT SHEETS ON STEP THERAPY AND OUT-OF-POCKET HEALTHCARE COSTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $242,302
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,919
Other Expenses $38,251
TOTAL EXPENSES $38,251

Year-over-Year Comparison

2020 2019 Change
Revenue $242,302 N/A N/A
Expenses $38,251 N/A N/A
Net Income $204,051 N/A N/A
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
4
Independent Members
4
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAKE JOHNSON CHAIR 2.00
Officer Director
$0 $0 $0
BRIAN HENDERSON CHAIR ELECT 2.00
Officer Director
$0 $0 $0
CATHERINE PETERS TREASURER 2.00
Officer Director
$0 $0 $0
PATRICK STONE SECRETARY 2.00
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
2020 $242,302 $38,251 $204,051 $204,051
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