Overview
What is Civica Inc?
Civica Inc, a Utah-based nonprofit organization located at 2912 W EXECUTIVE PKWY STE 325, Lehi, UT, 84043, is dedicated to addressing essential generic medication shortages and ensuring affordability for all. With a workforce of approximately 158 employees, Civica's mission encompasses alleviating drug shortages and providing quality generic injectables at sustainable prices, benefiting both member hospital systems and non-member organizations. Their network of hospitals has expanded, reaching 43.7 million patients served to date. New members include Nationalwide non-member 340B hospitals, VA hospitals, and the Department of Defense. Amid the COVID-19 pandemic, Civica addressed the needs of hospital systems for emergency medications and continued launching essential medicines deemed in short supply. To ensure a consistent supply chain, Civica maintains approximately 6 months of finished goods inventory. All members and non-members receive transparent and affordable pricing, regardless of hospital size or volume of drugs purchased.
Official website here: www.civicarx.org
What are the reviews and ratings of this charity?
Civica Inc is not currently rated by Charity Navigator. The organization cannot be assessed through Charity Navigator's standard evaluations, such as Accountability & Finance or Impact & Measurement, due to its status as an entity that does not qualify as a 501(c)(3) nonprofit.
The lack of a rating does not automatically imply positive or negative aspects about the organization; rather, it reflects the limitations in existing methodologies for evaluating nonprofits that differ in their IRS registration status. This means that key metrics about Civica Inc's operations, such as revenue and expenses or leader salaries, are not captured in the available data.
Since Civica Inc is an independent organization not falling under a 501(c)(3) category, there are constraints in what data and analyses can be provided. Moreover, without any user reviews available from GreatNonprofits, there is no additional feedback to gauge public sentiment or experiences regarding Civica Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Civica Inc legitimate?
Civica Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Civica Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,346,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,215,804
For more financial information, click here
Official website here: www.civicarx.org
What is the mission statement of Civica Inc?
Civica Inc is dedicated to enhancing the accessibility and affordability of essential generic injectables for patients, particularly those in high-needs populations. The organization achieves this mission in two ways: first, by alleviating drug shortages and second, by providing these drugs at a sustainable and affordable level. Civica's efforts extend beyond its member hospital systems to include non-member organizations and covered entities like 340B hospitals, as well as government organizations such as Veterans Affairs and the Department of Defense.
Official website here: www.civicarx.org
Who is the CEO of Civica Inc?
Ned Mccoy is the Chief Executive Officer of Civica Inc. The CEO's salary of Civica Inc is $584,866 and their total compensation is $988,709.
Official website here: www.civicarx.org
What is the revenue of Civica Inc?
Civica Inc's revenue in 2022 was $43,953,660.
Official website here: www.civicarx.org
Who are the executives of Civica Inc and what are their salaries?
The average compensation at Civica Inc during 2022 was $149,130. There are 158 employees and 15 volunteers at Civica Inc.
Here are 23 key members and their salaries (Civica Inc's CEO's salary is $584,866 and their total compensation is $988,709):
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- Compensation: $584,866
- Related: $389,911
- Other: $13,932
- Compensation: $428,358
- Related: $428,358
- Other: $14,286
- Compensation: $249,830
- Related: $166,553
- Other: $197,000
- Compensation: $341,477
- Related: $512,215
- Other: $29,791
- Compensation: $514,310
- Related: $57,146
- Other: $310,958
- Compensation: $593,278
- Related: $254,262
- Other: $34,830
- Compensation: $528,395
- Related: $58,710
- Other: $43,959
- Compensation: $465,473
- Related: $0
- Other: $31,291
Official website here: www.civicarx.org
Where can I find the form 990 for Civica Inc?
Civica Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.civicarx.org
Learn more at the official website: www.civicarx.org
Mission Statement of Civica Inc
Civica Inc, a mission-driven organization, strives to enhance the accessibility and affordability of essential generic injectables for patients, with a particular focus on high-needs populations. Their primary objectives are twofold: alleviating drug shortages and providing these necessary medications at a sustainable and affordable price point, not just for their member hospital systems but also for non-member organizations and covered entities, such as 340B hospitals, and government organizations including Veterans Affairs and the Department of Defense. By addressing drug shortages and ensuring the availability of affordable generic injectables, Civica Inc aims to make a significant impact on the healthcare landscape and improve patient outcomes.
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Impact
October, 2024
Civica Inc has made a significant impact by addressing critical supply shortages and ensuring the affordability of essential generic medications. By developing a robust network of hospitals, Civica expands its benefits not only to members but also to non-members, enhancing access to necessary drugs for a wider community.
Key achievements include serving 43.7 million patients and launching 18 essential medicines in 2022, particularly targeting high-need populations through partnerships with 340B hospitals, Veterans Affairs hospitals, and the Department of Defense. During the COVID-19 pandemic, Civica provided urgent support by fulfilling the needs of hospital systems for 11 emergency medications.
Civica has also been proactive in launching medications that are in short supply according to FDA and ASHP listings. By maintaining a buffer inventory of approximately six months of essential sterile injectable medicines, Civica aims to mitigate the impact of supply chain disruptions that often challenge the industry.
Moreover, Civica promotes transparency and fairness by offering a single, affordable pricing structure to all customers, irrespective of their membership status or purchasing volume. This approach fosters greater accessibility to necessary medications, ultimately enhancing the availability and affordability of quality healthcare for vulnerable populations.
This information is meant to be a general summary of Civica Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $42,562
- Program Service Revenue: $4,527,404
- Gross Receipts: $130,877,207
Assets and Liabilities:
- Total Assets: $233,818,442
- Total Liabilities: $159,954,614
- Net Assets: $73,863,828
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES TO CIVICASCRIPT
Revenue
$4,527,404
Organization Details
Founding Year
2018
Phone
(888) 304-0120Principal Officer
Ned Mccoy
Main Address
2912 W EXECUTIVE PKWY STE 325, LEHI, UT, 84043
Website
www.civicarx.orgNTEE Category
Code: E60 - Health
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