Mission:

TO HELP UNDERINSURED PEOPLE WITH LIFE-THREATENING, CHRONIC AND RARE DISEASES GET THE MEDICATIONS AND TREATMENT THEY NEED BY PAYING FOR THEIR OUT-OF-POCKET COSTS AND ADVOCATING ... (More)


 www.panfoundation.org
 |  805 15TH STREET NW NO 500 WASHINGTON DC 20005

Patient Access Network Foundation is headquartered in WASHINGTON, DC, and is a 501(c)(3) organization. EIN: 20-1184743.  Donations are tax-deductible. It is classified by the IRS as a Charitable Organization. The IRS ruling year for tax exemption was 2004.

(Source: IRS Business Master File and Form 990)


...  ...  ...  ...  

Encompass Rating System by Charity Navigator


Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new measures and indicators, which we call Beacons. Check back often to see how this organization’s score changes.

Learn about the Encompass Rating System: Announcement | FAQ | Release Notes


Overall Score
BETA

100

out of 100

This charity's score is a passing score.

Do you work for Patient Access Network Foundation? Gain access to your rating toolkit.


Looking for this charity in our old design?

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...   Finance & Accountability


Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.


Finance & Accountability Score
BETA

100

out of 100

This charity's score is a passing score

This Beta V1 of Finance Score provides a baseline measure of an organization’s health including the indicators listed in the report below.

This score represents Form 990 data from latest filing year 2018.



Finance & Accountability Rating Highlights

Higher Effect on Score

11/11

Independent Board Composition

We look for at least 3 board members, with more than 50% of members identified as independent.

Lower Effect on Score

23.90%

Liabilities to Assets Ratio

We look for a ratio less than 50%.

No Effect on Score

$540,784,733

Total Revenue

We do not evaluate revenue amounts or sources in Beta V2. An organization’s size can affect whether and how we evaluate other indicators.


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Finance & Accountability Report

100

of 100 points (BETA)

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Overview

Overview

The Finance and Accountability Score provides a basic measure for organizational health. At this time, it comprises 100% of a charity's Overall Score.

Program Expense Ratio

98.64%

Higher effect on score

More data  


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).


For a passing score, Charity Navigator looks for a ratio of 70% or higher. Charities in the 50%-70% range receive zero points for their Program Expense Ratio score. Charities that fall below 50% will receive zero points for both of their financial metric scores, Program Expense Ratio AND Liabilities to Assets Ratio.


Source: IRS Form 990

Board Composition

11/11 Independent

Higher effect on score


Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent.


Source: IRS Form 990

Independent Review/Financial Audit

Audited

Higher effect on score


For organizations larger than $1million in total revenue we expect to see that the charity completed an audit.


This indicator is not part of the score for organizations less than $250k in total revenue and is removed from the scoring methodology.


For charities under $1 million but over $250K in total revenue we expect to see that the charity completed an Audit, Review or Compilation.


Source: IRS Form 990

Liabilities to Assets Ratio

23.90%

Lower effect on score


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).


Charity Navigator looks for a ratio less than 50%.


Source: IRS Form 990

Website Listed

Listed

Lower effect on score


Charity Navigator looks for a website on the Form 990 as an accountability and transparency measure.


Nonprofits act in the public trust and reporting publicly on activities is an important component


Source: IRS Form 990

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Data Sources

Data Sources: IRS Forms 990

The IRS Form 990 is the source of the finance and accountability data used within the Encompass Rating System. When an organization is eligible for a Finance & Accountability beacon score, each metric is based on elements of the 990. Some metrics are based on the most recent available filing, while others are based on averages of values over multiple years. We provide links to all available 990s here, whether or not this organization is eligible for a Finance & Accountability score.

IRS Forms 990 are provided courtesy of Foundation Center.

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Note: This data is only available if this charity has at least one year of e-file Form 990 data.

...   Impact & Results


Charity Navigator assesses how well a nonprofit delivers on its mission. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact.


Impact & Results Score
BETA

100

out of 100

This charity is highly cost-effective, earning a passing score.


Impact

$1,500 provides $1,500 in financial assistance to a patient in need.


Framework

Impact Analysis

We use impact analysis to rate service delivery nonprofits. We are developing new frameworks for assessing advocacy, systems change and similar nonprofits.


Data Collector

ImpactMatters


Do you work at Patient Access Network Foundation? Share your impact data to update your score.


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Impact & Results Report

100

of 100 points (BETA)


This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Rated Program

Rated Program


Program

Financial Assistance for Medical Conditions

Activities

Patient Access Network Foundation provides financial assistance to patients with life-threatening, chronic or rare diseases.

Program Type

Financial Assistance for Patients with Medical Conditions

Beneficiaries Served

People with illnesses; People living in poverty

Program Geography

United States

Time Period of Data

1/1/17 to 12/31/17


Learn how we assess the impact of nonprofits.

Outcomes and Cost

Outcomes: Changes in the lives of those served by a nonprofit. They can be caused by the nonprofit.

Costs: The money spent by a nonprofit and its partners and beneficiaries.

Impact: Outcome caused by a nonprofit relative to its cost.

Cost-effectiveness: A judgment as to whether the cost was a good use of resources to cause the outcome.


Outcome Metric

Increase in income for a patient with medical conditions


Outcome Data Source

Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.


Output data collected during the program. Patient Access Network Foundation publicly reports data on the dollar value of all financial assistance provided to patients, which we use to calculate the additional income received.


Method for Attributing Outcomes

We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g., a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e., counterfactual outcomes).


We estimate the dollar amount of financial assistance attributable to the nonprofit by comparing the financial assistance given by the nonprofit to the financial assistance that would have been provided in the absence of the nonprofit (the "counterfactual"). In this case, we estimate the counterfactual to be zero based on two assumptions. First, we assume there is functionally no upper limit to the amount of cash transfers that continue to be valuable to patients as they are far from reaching the point of diminishing marginal returns, such that aid provided by one nonprofit does not displace aid provided by another. Second, we assume that nonprofits work independently and do not coordinate the provision of aid to the same patient. As a result, all aid provided by the nonprofit to patients with medical conditions can be directly attributable to the nonprofit.


Cost Data Source

After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners.


Cost data reported by Patient Access Network Foundation and data and assumptions about partner and beneficiary costs.


Cost Calculation

$354,279,087 program costs + $0 partner costs + $0 beneficiary costs = $354,279,087 total costs


Impact and Determination

We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.

Impact Calculation

$354,279,087 total costs / 347,865,265 of financial assistance provided = roughly $1000 provides $1000 in financial assistance to a patient in need.

Benchmark for Rating

Impact & Results scores of financial assistance to patients programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 50.

Determination

Highly cost-effective

Nonprofit Comment

Before publishing, we ask every nonprofit we can to review our work, offer corrections and provide a comment.


This nonprofit did not provide a comment

Why We Could Be Wrong


  • The outcome could oversimplify total impact. Using "dollars of financial assistance" as the metric of analysis does not capture potential improvement in patients' health due to lower stress and better treatment adherence. However, there is limited evidence to support such health effects so we limit our analysis to the amount of assistance provided.
  • There could be multiple important outcomes not captured in our analysis.
  • The nonprofit may be spending additional money in order to serve harder-to-reach and/or particularly valuable populations.
  • In the absence of better data, we assume uniform counterfactual rates for programs, at the risk of masking variation across nonprofits.
  • Our estimates rely on data made public by the nonprofit on its website, annual reports, financial statements and Form 990s.
  • We only analyze programs that meet our criteria. As a result, this report may not fully reflect the impact of the nonprofit.
  • We do not assess what explains the nonprofit's cost-effectiveness.

Analysis Details


Analysis conducted in 2019 by ImpactMatters. An analyst searched the Form 990s, annual reports, audited financials and the website of Patient Access Network Foundation to calculate impact and rate cost-effectiveness. A second analyst conducted quality control.

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Largest Programs

Largest Programs



Patient Access Network Foundation reported its largest program on its FY 2018 Form 990 as:


$358,373,372

Spent in most recent FY

100%

Percent of program expenses


AT THE PAN FOUNDATION, WE ENVISION A NATION IN WHICH EVERYONE CAN GET ACCESS TO MEDICALLY NECESSARY PRESCRIPTION MEDICATIONS. WITH THE SUPPORT OF OUR GENEROUS DONORS AND WITH THE COLLABORATION OF HEAL ... (More)


GuideStar Seal of Transparency

Platinum


GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact. GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results. Click here for more information.

Note: GuideStar Seals do not effect the nonprofit’s Impact & Results Score.


Results Reported in 2019

187,056

Number of underinsured people that PAN has helped by providing copay assistance

The numbers represented here reflect how many people PAN was able to assist each year.



GlobalGiving


GlobalGiving Badge not earned

GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. Learn more about GlobalGiving.

Note: GlobalGiving Badges do not effect the nonprofit’s Impact & Results score.


...   Leadership & Adaptability


Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.


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...   Culture & Community


Charity Navigator will provide an assessment of the organization’s people operations, connectedness and engagement with the constituents and communities served, and Diversity, Equity and Inclusion measures.


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