Transparency-Rx Corp EIN 93-3838240

Transparency-Rx Corp FY2023 filing

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Advocates for lower drug prices and better pharmacy market practices. For fiscal year 2023 it reported $500K in revenue, $388K in expenses, and $112K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Ashburn, VA
Website
transparency-rx.com
Filings
2 on file (2023–2023)
Revenue
$500KFY2023
Expenses
$388K
Net assets
$112K
People
3
Filings
2
Updates
0
More identity details & actions ⌄
EIN  93-3838240 Business league / trade association Ashburn, VA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Advocates for lower drug prices and better pharmacy market practices.
Leadership
Joseph Shields · Managing Director
Money in and out
$500K revenue, $388K expenses
Bottom line
+22% operating surplus
Membership & operating revenue · FY2023
Total revenue
$500K
Pt VIII · Ln 12
Total expenses
$388K
Pt IX · Ln 25
Net assets
$112K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.05 Fundraising $0.14
Operating surplus
+22%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Program spending
82%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$500K
FY2023
Expenses
$388K
FY2023
Total assets
$112K
FY2023
Total liabilities
$0
FY2023
Total revenue
$500K
Pt VIII · Ln 12
Total expenses
$388K
Pt IX · Ln 25
Net assets
$112K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Issue education and legislation

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransparency-Rx Corp
EINHdr · item D93-3838240
Principal addressHdr · item CAshburn, VA
WebsiteHdr · item Jtransparency-rx.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMay 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$500K
Total revenueLn 12$500K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.05 Fundraising $0.14
Program services82%$317K
Management & general5%$18K
Fundraising14%$53K
Total functional expensesLn 25$388K

Balance Sheet

Part X · end of year
CashLn 1$112K
Total assetsLn 16$112K
Total liabilitiesLn 26$0
Total net assetsLn 32$112K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112K · Operating expenses/yr $388K
3.5 months
Where the money goes
Program services
Program services $317K · Total expenses $388K
82%
Management & General
Management & general $18K · Total expenses $388K
5%
Fundraising
Fundraising $53K · Total expenses $388K
14%
Cost to raise $1
Fundraising expense $53K · Solicited contributions $500K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $500K · Total revenue $500K
100%
Government reliance
Government grants — · Total revenue $500K
Earned-income share
Program service revenue $0 · Total revenue $500K
0%
Investment reliance
Investment income $0 · Total revenue $500K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $388K
0%
Growth & trend
Revenue growth (YoY)
This year $500K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $112K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $500K · Expenses $388K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
Net-asset ratio
Net assets $112K · Total assets $112K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joseph Shields · Reported title Managing Director · Highest reported compensation $0 · Total expenses $388K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $388K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 5%
Fundraising cost ratio 11%

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.

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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)$616K revenue · ⤓ 990 PDF
FY2023$500K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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