Hda Research Foundation

Nonprofit profile at a glance

EIN
521225130
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2029631300
Rating
55
Verdict
MIXED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,014,506
Expenses
$911,759
Assets
$1,003,391
Liabilities
$192,208

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • CHIP DAVIS (PRESIDENT & CEO)

Highest reported compensation

  • CHIP DAVIS (PRESIDENT & CEO): $2,359,099 total reported compensation
  • PERRY FRI (EVP, COO): $735,818 total reported compensation
  • ANN BITTMAN (EVP, TREASURER): $709,215 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule othe foundation's mission is to conduct research and education that creates knowledge and identifies business practices that improve the efficiency, safety and integrity of the healthcare supply chain. To provide thought leadership to further enhance the safety and security of the healthcare supply chain through future-focused study and programming.

What it reported doing in 2024

The future of the u.s. Pharmaceutical cold chain (research project): identifies current challenges and opportunities for cold chain management in the u.s. Pharmaceutical supply chain and offers strategies to address the remarkable growth of temperature-sensitive products in the healthcare ecosystem. Hda factbook (research project): provides for the annual collection and analysis of industry data. This project includes the publication of the factbook, a comprehensive annual resource publication distributed to the supply chain companies and those with an interest in better understanding the healthcare industry.specialty facts, figures, & trends (research project): highlights trends found in the specialty healthcare sector and serves as an industry benchmarking resource for industry participants, financial analysts, academia and others who have an interest in understanding the various aspects of this growing marketplace. The text includes benchmarks featuring: market characteristics, finance, operations, cold chain handling, transportation/delivery, information technology, returns and services, plus a chapter that takes a deeper dive into demographic trends and oncology.scholarship program: as part of its mission to foster industry knowledge, the hda research foundation scholarship is available to graduate-level students currently working within hda-member distributor and manufacturer companies.scholarship program: as part of its mission to foster industry knowledge, the hda research foundation scholarship is available to graduate-level students currently working within hda-member distributor and manufacturer companies.serialization readiness: this survey provides unbiased, objective data on the current readiness of manufacturers and distributors to meet dscsa's requirements.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 46
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.3%; rating input score 37
  • Program expense ratio: 40.1%; rating input score 40
  • Fundraising efficiency: $2.43 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.1%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 1.1; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 90.1%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -5.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -2.9% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 37.3% of revenue deployed · 40.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $365K in reported program spending
  • Leadership: top reported pay $2.4M · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 40/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.