Pharmacy of Grace Inc

Nonprofit profile at a glance

EIN
825372375
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
Location
Kansas City, KS, USA
Phone
9139538260
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$1,250,532
Expenses
$1,015,870
Assets
$1,211,307
Liabilities
$215,131

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

Leadership & pay

17 people listed

Highest reported compensation

  • Mike Fink (Pharmacist in Charge): $175,085 total reported compensation
  • Brandon Powers (Pharmacist): $145,516 total reported compensation

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

Overview

Mission

The mission of Pharmacy of Grace is to improve access to prescription medication for uninsured and underinsured individuals and to increase the number of prescription medications available to vulnerable populations in Kansas.

What it reported doing in 2024

POG has served patients whose primary language is not English including: Arabic, Burmese, Somali, Spanish, Chinese, Nepali, and Swahili. Patients come from many countries with 26% of the population speaking a second language and 13.5% speaking English less than "very well". POG offers Propio Interpretation Services for consultation in the patients' language of choice, which provides linguistic and culturally responsive services. Prescription labels can be printed in 100 different languages which helps improve adherence. POG is partnering with Mercy and Truth Medical Missions as their 340B contract pharmacy. The program allows the 340B qualified clinics to purchase prescription drugs for deeply discounted prices to support patient care. One ongoing accomplishment for the 2.5 year-old charitable pharmacy is the continued growth in serving low-income patients. Of the 19,486 prescriptions filled, 73% were for patients 300% below FPL. Patients at 100% and below FPL grew from 53% in 2023 to 64% in 2024. The ScriptPro CRS 225 pharmacy robot added in 4th quarter 2023 continues to accurately fill 150 prescriptions an hour or 1200 prescriptions in one workday, increasing the speed of prescription fulfilment. The pharmacy robot separates and manages multiple inventories with perfect accuracy. A new immunization education and counseling program led by a pharmacist was added in 2024 to improve vaccine numbers in the community served. 444 vaccinations were provided to 342 unique patients in the clinic and at community events, the majority being below 300% FPL and uninsured.

Operating model

Revenue model
Donor-supported. 94% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.5%; rating input score 44
  • Program expense ratio: 76.4%; rating input score 76
  • Fundraising efficiency: $31.22 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.8%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.19; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 31.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 59.5% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 50.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 48.6% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 43.5% of revenue deployed · 76.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $776K in reported program spending
  • Leadership: top reported pay $175K · 17 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 44/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.