Healthcare Distribution Alliance Hda
- Assets
- $29.7m
- Revenue
- $27.0m
- Investments
- $0.0
- Employees
- 54
- Location
- Washington, DC
- Founding
- 09/1944
- Data as of
- 12/2023
- EIN
- 13-1088150
Organization Overview
Healthcare Distribution Alliance Hda is located in Washington, DC. The organization was established in 1944. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Healthcare Distribution Alliance Hda employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcare Distribution Alliance Hda 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 12/2023, Healthcare Distribution Alliance Hda generated $27.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $24.3m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCATE FOR SOUND PUBLIC POLICY THAT SUPPORTS PATIENT ACCESS TO MEDICINES AND MEDICAL PRODUCTS THROUGH SAFE, EFFICIENT, AND EFFECTIVE DISTRIBUTION.LEAD THE HEALTHCARE SUPPLY CHAIN ON POLICY ISSUES, BUSINESS PRACTICES, AND INDUSTRY GUIDELINES TO INFORM AND SUPPORT MEMBER DEVELOPMENT OF INNOVATIVE SOLUTIONS.CONVENE AND PARTNER WITH PUBLIC AND PRIVATE STAKEHOLDERS TO FACILITATE DISCUSSIONS ON INDUSTRY ISSUES, PROVIDE EDUCATION, AND SUPPORT THE SHARING OF LEADING PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT AFFAIRS: THROUGH ITS GOVERNMENT AFFAIRS INITIATIVES, HDA ADDRESSES LEGISLATIVE AND REGULATORY ISSUES AT THE FEDERAL AND STATE LEVELS. IT ADVOCATES FOR THE HEALTHCARE DISTRIBUTION INDUSTRY AS WELL AS FOR THE LARGER INTEREST OF THE HEALTHCARE SUPPLY CHAIN.
COMMUNICATIONS: SUPPORTS HDA ADVOCACY AND ORGANIZATIONAL PRIORITIES VIA WORK WITH THE MEDIA, PUBLIC RELATIONS, EXECUTIVE COMMUNICATIONS, DIGITAL AND HARD-COPY PUBLICATIONS. IMPROVES THE PROFILE OF THE HEALTHCARE DISTRIBUTION INDUSTRY AND EDUCATES THE PUBLIC ON RELEVANT ISSUES AND TOPICS.
INDUSTRY RELATIONS & EDUCATION: THESE ACTIVITIES FOCUS ON INFORMATION SYSTEMS, OPERATIONAL INTEGRATION, AND THE EFFICIENT DISTRIBUTION OF HEALTHCARE AND THE IMPROVEMENT OF BUSINESS PROCESSES. IN ADDITION, THROUGHOUT THE YEAR PROGRAMS ARE CONDUCTED TO EDUCATE MEMBERS AND OTHER INDUSTRY PARTNERS IN CRITICAL INDUSTRY ISSUES, EMERGING TRENDS, LEGISLATION, AND OTHER TOPICS OF INTEREST. THESE PROGRAMS INCLUDE LIVE IN-PERSON SEMINARS AND WEBINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Kaminsky Chair | OfficerTrustee | 0.5 | $0 |
Jody Hatcher Vice Chair | OfficerTrustee | 0.5 | $0 |
Clint Syvinksi Director | Trustee | 0.5 | $0 |
Greg Drew Director | Trustee | 1 | $0 |
Fred Battah Director | Trustee | 0.5 | $0 |
Dawn Boyter Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reservoir Communications Group Llc Public Relations & Communications | 12/30/23 | $2,450,594 |
Locust Street Solutions Llc State Lobbying/communications | 12/30/23 | $1,107,000 |
Arent Fox Schiff Llp Legal Services | 12/30/23 | $350,742 |
Tarplin Downs & Young Llc Consulting Services | 12/30/23 | $300,000 |
Olsson Frank Weeda Terman Matz Pc Consulting Services | 12/30/23 | $302,100 |
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 | $26,348,287 |
| Investment income | $704,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,011,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,200 |
| 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. | $4,557,439 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,641,602 |
| Pension plan accruals and contributions | $476,666 |
| Other employee benefits | $157,680 |
| Payroll taxes | $534,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $738,223 |
| Fees for services: Accounting | $34,477 |
| Fees for services: Lobbying | $1,782,155 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,249 |
| Fees for services: Other | $2,802,223 |
| Advertising and promotion | $1,121,649 |
| Office expenses | $417,884 |
| Information technology | $248,465 |
| Royalties | $0 |
| Occupancy | $646,711 |
| Travel | $439,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,771,258 |
| Interest | $1,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414,473 |
| Insurance | $88,114 |
| All other expenses | -$63,930 |
| Total functional expenses | $24,271,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,336,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,876 |
| 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 | $545,990 |
| Net Land, buildings, and equipment | $2,669,821 |
| Investments—publicly traded securities | $13,354,879 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,704,691 |
| Total assets | $29,670,309 |
| Accounts payable and accrued expenses | $1,223,986 |
| Grants payable | $0 |
| Deferred revenue | $1,558,124 |
| 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 | $12,844,305 |
| Total liabilities | $15,626,415 |
| Net assets without donor restrictions | $14,043,894 |
| 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 | $29,670,309 |