Pharmaceutical Care Management Association
- Assets
- $26.2m
- Revenue
- $37.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Washington, DC
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 38-3676760
Organization Overview
Pharmaceutical Care Management Association, operating under the name Pcma, is located in Washington, DC. The organization was established in 0000. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Pcma employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pcma is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Pcma generated $37.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $33.0m during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PHARMACEUTICAL CARE MANAGEMENT ASSOCIATION (PCMA) IS THE NATIONAL ASSOCIATION REPRESENTING AMERICA'S PHARMACY BENEFIT MANAGERS (PBMS). PBMS ADMINISTER PRESCRIPTION DRUG PLANS FOR MORE THAN 270 MILLION AMERICANS WHO HAVE HEALTH INSURANCE FROM A VARIETY OF SPONSORS INCLUDING: COMMERCIAL HEALTH PLANS, SELF-INSURED EMPLOYER PLANS, UNION PLANS, MEDICARE PART D PLANS, THE FEDERAL EMPLOYEES HEALTH BENEFITS PROGRAM (FEHBP), STATE GOVERNMENT EMPLOYEE PLANS, MANAGED MEDICAID PLANS, AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCMA SHAPES PRO-PBM FEDERAL AND STATE LEGISLATIVE AND REGULATORY ENVIRONMENTS BY ADVANCING PCMA MEMBER COMPANY APPROVED POLICY PRIORITIES.
PCMA'S OBJECTIVE IS TO BUILD A FOUNDATIONAL UNDERSTANDING OF THE VALUE OF THE PBM INDUSTRY AMONG FEDERAL AND STATE POLICYMAKERS, THOUGHT LEADERS AND THE MEDIA.
PCMA'S GOAL IS TO DEEPEN THE PBM'S RELATIONSHIP WITH PATIENT GROUPS, HEALTHCARE PROVIDERS, PAYORS, DRUG MAKERS AND OTHER STAKEHOLDERS IN THE PHARMACEUTICAL SUPPLY CHAIN TO FIND AREAS OF ALIGNMENT THAT WILL BUILD STRATEGIES TO MITIGATE CONFLICTS AND BUILD POSITIVE RELATIONSHIPS BETWEEN INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Carlos Scott President & CEO | Officer | 40 | $1,543,134 |
Brian Mccarthy Chief Strategy And Business Operations Officer | Officer | 40 | $899,856 |
Kristin Bass Chief Policy And External Affairs Officer | Officer | 40 | $881,938 |
Lauren Rowley SVP State Affairs | 40 | $629,679 | |
Jonathan Heafitz VP Federal Affairs | 40 | $481,215 | |
Charles Cote VP Strategic Communications | 40 | $473,342 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foley Hoag Llp Industry Legal Support | 12/30/21 | $1,813,427 |
Toba Communications Llc Pr And Media Consultant/advertising | 12/30/21 | $1,982,550 |
Gibson Dunn & Crutcher Llp Industry Legal Support | 12/30/21 | $1,324,974 |
Mcdermott Will & Emery Llp Industry Legal Support | 12/30/21 | $547,632 |
Troutman Pepper Hamilton Sanders Lobbying And Coalition Consultant | 12/30/21 | $274,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,558,475 |
| Investment income | $4,869 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,563,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,645,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,239,637 |
| Pension plan accruals and contributions | $825,370 |
| Other employee benefits | $691,388 |
| Payroll taxes | $659,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235,586 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,036,691 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,476,682 |
| Advertising and promotion | $5,197,066 |
| Office expenses | $265,365 |
| Information technology | $263,183 |
| Royalties | $0 |
| Occupancy | $1,201,520 |
| Travel | $273,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,523,647 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,682 |
| Insurance | $39,505 |
| All other expenses | $0 |
| Total functional expenses | $32,994,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,631,692 |
| Savings and temporary cash investments | $9,324,411 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,443,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $938,845 |
| Net Land, buildings, and equipment | $576,375 |
| Investments—publicly traded securities | $748,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $552,533 |
| Total assets | $26,215,317 |
| Accounts payable and accrued expenses | $1,478,458 |
| Grants payable | $0 |
| Deferred revenue | $3,050,619 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,041,572 |
| Total liabilities | $12,570,649 |
| Net assets without donor restrictions | $13,644,668 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,215,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pharmaceutical Care Management Association Washington, DC | $26,215,317 | $37,563,344 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
National Community Reinvestment Coalition Inc Washington, DC | $111,740,328 | $10,929,174 |
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Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
American Association Of Political Consultants Inc McLean, VA | $1,413,996 | $755,148 |
Association Of Investment Management Sales Executives Inc Reston, VA | $1,004,703 | $472,206 |
Builders & Contractors Exchange Inc Norfolk, VA | $1,194,638 | $520,991 |
National Contract Management Association Ashburn, VA | $1,334,463 | $431,427 |