Minnesota Medication Repository Program DBA Roundtablerx FY2022 filing

EIN 30-1248113 Public charity (501(c)(3)) Minneapolis, MN NTEE E19
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Revenue & expenses by yearFY2020–FY2024
Revenue
$390K
FY2022▼ -31%
Expenses
$502K
FY2022▲ +10%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Redistributes unused medications to provide safe, affordable access for Minnesotans. For fiscal year 2022 it reported $390K in revenue, $502K in expenses, and $292K in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Health Care
Location
Minneapolis, MN
Website
roundtablerx.org
Filings
5 on file (2020–2022)
Revenue
$390KFY2022
Expenses
$502K
Net assets
$292K
People
17
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/14/26 · see original: IRS
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Size
$1–10M
What they do
Redistributes unused medications to provide safe, affordable access for Minnesotans.
Leadership
Rachel Rockwell · Executive Director · $88K
Money in and out
$390K revenue, $502K expenses
Bottom line
95% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 2 funders, incl. Donor Advised Charitable Giving INC

$6K in the latest grant year. Details →

Spent on programs?

good 95% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$1–10M

↓ -31% vs prior year Details →

Where the money goes · FY2022
Total revenue
$390K
Pt VIII · Ln 12
Total expenses
$502K
Pt IX · Ln 25
Net assets
$292K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$112K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program efficiency
95%
of spending reaches programs
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-29%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$296K
FY2022▲ +121%
Total liabilities
$4K
FY2022
Revenue less expensesPt I · Ln 19−$112K
Total assetsPt X · Ln 16$296K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMinnesota Medication Repository Program DBA Roundtablerx
EINHdr · item D30-1248113
Principal addressHdr · item CMinneapolis, MN
WebsiteHdr · item Jroundtablerx.org
Year of formationHdr · item L2020
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E19)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$87,577Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rachel Rockwell’s $69K as Executive Director is at the 8th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Rachel Rockwell$69,374$140,192—
Rachel Rockwell——$87,577

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Minnesota Medication Repository Program DBA Roundtablerx executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $477K of program spending, described in the organization's own filed words · FY2022.
01

RoundtableRx is a licensed wholesale pharmacy with the Minnesota Board of Pharmacy. The organization functions as the sole state-created medication repository. It is operated by a licensed pharmacist and supported by a team of volunteer pharmacist pharmacy interns and other skilled volunteers.

$477Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants101%$394K
Investment income$131
Total revenueLn 12$390K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.01
Program services95%$477K
Management & general4%$22K
Fundraising1%$3K
Total functional expensesLn 25$502K

Balance Sheet

Part X · end of year
CashLn 1$94K
Total assetsLn 16$296K
Total liabilitiesLn 26$4K
Total net assetsLn 32$292K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $94K · Operating expenses (Pt IX) $502K · Less non-cash grants $358K · Cash operating expenses/yr $144K
7.8 months
Where the money goes
Program services
Program services $477K · Total expenses $502K
95%
Management & General
Management & general $22K · Total expenses $502K
4%
Fundraising
Fundraising $3K · Total expenses $502K
0.6%
Cost to raise $1
Fundraising expense (3-yr avg) $1K · Solicited contributions (3-yr avg) $336K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $394K · Total revenue $390K
101%
Government reliance
Government grants $0 · Total revenue $390K
0%
Earned-income share
Program service revenue $0 · Total revenue $390K
0%
Investment reliance
Investment income $131 · Total revenue $390K
+0.03%
Program self-sufficiency
Program service revenue $0 · Total expenses $502K
0%
Growth & trend
Revenue growth (YoY)
This year $390K · Prior year $566K
-31%
Net-asset trend (YoY)
End of year $292K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $390K · Expenses $502K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $296K
—
Net-asset ratio
Net assets $292K · Total assets $296K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $296K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rachel Rockwell · Reported title Executive Director · Highest reported compensation $88K · Total expenses $502K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $128K · Total expenses $502K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%——
Overhead ratio 4%——
Fundraising cost ratio 0.7%——
Revenue growth -31%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.7M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$390K revenue · viewing · ⤓ 990 PDF
FY2021$566K revenue · ⤓ 990 PDF
FY2020$47K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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