Rx Drug Access Partnership
Nonprofit profile at a glance
- EIN
- 571186937
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Phone
- 8042973173
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $804,095
- Expenses
- $800,585
- Assets
- $1,606,168
- Liabilities
- $113,421
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Highest reported compensation
- AMY YARCICH (EXECUTIVE DI): $172,409 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rx partnership is a public/private partnership which exists to increase access to essential medication for Virginia's vulnerable populations and serve as a resource to the organizations that support these populations.
What it reported doing in 2024
Rx partnership coordinates free medication from pharmaceutical companies and arranges for distribution directly to nonprofit, licensed pharmacies which it credentials and monitors. Rx partnerhip also supports medication delivery to clinics without a licensed pharmacy. During the year ended june 30, 2025, rx partnership provided its 31 clinic partners with access to free medication to support over 11,270 uninsured virginians. Brand and generic medications obtained through the rx partnership program filled over 62,423 prescriptions with a value of more than 23.1 million. These medications treat chronic illnesses such as asthma, diabetes, hypertension, and depression. For every dollar donated to rx partnership, 28 in prescrption value was delivered to clinic patients.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 80.4%; rating input score 80
- Fundraising efficiency: $10.81 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd 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 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.4%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 2.01; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 21.5%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 83.2% of revenue deployed · 80.4% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $644K in reported program spending
- Leadership: top reported pay $172K · 17 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.