Civic Intelligence

Phact-MI Inc

990 • Fiscal year 2023 • EIN 47-2715845

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 04, 2024

Organization ProfileWWW.PHACTMI.ORG
PO Box 23Glen Mills, PA 19342

(267) 305-2235

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

11th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

11th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

2nd percentile

-59%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

2nd percentile

-40%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-2.7%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$1,490,683

Down $1,007,074 (-40%) from 2022

Net Assets

Down

$1,490,683

Down $1,007,074 (-40%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin2nd percentile

Revenue

Down

$1,767,451

Down $49,544 (-2.7%) from 2022

Expenses

Up

$2,815,444

Up $129,261 (+4.8%) from 2022

Net Income

Down

-$1,047,993

Down $178,805 (-21%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,228,649Liabilities 2020: $0Net Assets 2020: $3,228,6492020Assets 2021: $3,385,062Liabilities 2021: $0Net Assets 2021: $3,385,0622021Assets 2022: $2,497,757Liabilities 2022: $0Net Assets 2022: $2,497,7572022Assets 2023: $1,490,683Liabilities 2023: $0Net Assets 2023: $1,490,6832023Assets 2024: $787,516Liabilities 2024: $0Net Assets 2024: $787,5162024Assets 2025: $1,075,565Liabilities 2025: $0Net Assets 2025: $1,075,5652025

Highlighted filing

2023

Assets$1,490,683
Liabilities$0
Net Assets$1,490,683
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2020: $1,850,108Expenses 2020: $1,426,170Net Income 2020: $423,9382020Revenue 2021: $2,025,174Expenses 2021: $1,868,761Net Income 2021: $156,4132021Revenue 2022: $1,816,995Expenses 2022: $2,686,183Net Income 2022: -$869,1882022Revenue 2023: $1,767,451Expenses 2023: $2,815,444Net Income 2023: -$1,047,9932023Revenue 2024: $1,792,871Expenses 2024: $2,531,420Net Income 2024: -$738,5492024Revenue 2025: $2,647,892Expenses 2025: $2,393,498Net Income 2025: $254,3942025

Highlighted filing

2023

Revenue$1,767,451
Expenses$2,815,444
Net Income-$1,047,993
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 4, 2024
Return Version
2023v5.0
Gross Receipts
$1,767,451
Mission and Program Overview

Mission

Phact-mi, inc. Is a collaboration of medical information leaders across the pharmaceutical industry. The members of phact-mi, inc. Have collaborated to provide healthcare professionals (hcps) access to medical information across their organizations through a single point of access to address hcps' growing needs for transparent medical information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,242,207$666,717▼ $575,490
Investments in Publicly Traded Securities$485,766$537,051▲ $51,285
Cash and Non-Interest-Bearing Accounts$769,784$286,915▼ $482,869
Total Assets$2,497,757$1,490,683▼ $1,007,074
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,497,757$1,490,683▼ $1,007,074
Total Net Assets Fund Balance$2,497,757$1,490,683▼ $1,007,074
Total Liabilities and Net Assets / Fund Balance$2,497,757$1,490,683▼ $1,007,074
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Mary SendiPast President
Stacey FungPresident
Marie-ange NoueVice President
Dominick AlbanoBoard Member Emertius - Until 2/23
Cynthia RamirezDirector of Compliance
Jane OreperDirector of Insights
Michael DelucaDirector of Partnerships
Divyesh KhetiaDirector of Technology
Kristin GoettnerSecretary
Christopher KeenanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Globant LLCTechnology875 HOWARD ST 3RD FLOOR, San Francisco, CA 94103$751,557
Confideo LLCAdvertising215 PARK AVENUE SOUTH 11TH FLOOR, New York, NY 10003$400,367
Jscotts Consulting LLCConsulting/pmo Services3 PIN OAK COURT, Flemington, NJ 08822$218,495
Pmc MattersConsulting/pmo Services2422 RIVERSIDE TERR, Manasquan, NJ 08736$188,988
Amy Jones Consulting LLCConsulting/pmo Services12 EMILY RD, Manalapan, NJ 07726$169,700
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,725,000
Investment Income
$42,451
Other Revenue
$0
Change in Net Assets
$-1,047,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,815,444
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology---$1,130,819
Fees for Services Management---$671,007
Advertising---$470,934
Fees for Services Other---$285,586
Office Expenses---$95,978
Conferences and Meetings---$68,822
Other Expenses---$22,789
Insurance---$17,663
Fees for Services Accounting---$17,445
Travel---$15,623
Fees for Services Legal---$11,204
Fees for Service Investment Mgmnt Fees---$7,574
Total Functional Expenses$0$0$0$2,815,444
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The executive committee shall consist of the president, vice president, treasurer and secretary. The executive committee shall have and may exercise all the authority of the board during intervals between meetings of the board.”

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“The members have the power to appoint members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“Executive members are sometimes required to vote on various decisions of the organization.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 will be sent to all board members for review after filing the return.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phact-mi Inc
EIN
47-2715845
Phone
2673052235
Address
PO BOX 23, GLEN MILLS, PA 19342

Signing Officer

Name
Hanady Elhadidy
Title
Treasurer
Phone
2673052235
Signed
2024-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Fung
Formed
2014
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
350

Preparer

Firm
James Moore & Co Pl
Address
5931 NW 1ST PL, GAINESVILLE, FL 32607-2063
Preparer
Corinne Laroche
Phone
3523781331
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting 267,586. Partnerships 18,000.”

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR OF PARTNERSHIPS
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011995
IRS990/PYOtherExpensesAmt02686183
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01805000
IRS990/PYRevenuesLessExpensesAmt0-869188
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02686183
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01816995
IRS990/ReconcilationRevenueExpnssAmt0-1047993
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01242207
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0666717
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD DURING INTERVALS BETWEEN MEETINGS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS HAVE THE POWER TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE MEMBERS ARE SOMETIMES REQUIRED TO VOTE ON VARIOUS DECISIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 WILL BE SENT TO ALL BOARD MEMBERS FOR REVIEW AFTER FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING 267,586. PARTNERSHIPS 18,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02497757
IRS990/TotalAssetsEOYAmt01490683
IRS990/TotalAssetsGrp/BOYAmt02497757
IRS990/TotalAssetsGrp/EOYAmt01490683
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02815444
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02497757
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01490683
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt02815444
IRS990/TotalProgramServiceExpensesAmt02815444
IRS990/TotalProgramServiceRevenueAmt01725000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt042451
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01725000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01767451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0350
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02497757
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01490683
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt015623
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 23
IRS990/USAddress/CityNm0GLEN MILLS
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019342
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.PHACTMI.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HANADY ELHADIDY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02673052235
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHACT-MI INC
ReturnHeader/Filer/BusinessNameControlTxt0PHAC
ReturnHeader/Filer/EIN0472715845
ReturnHeader/Filer/PhoneNum02673052235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 23
ReturnHeader/Filer/USAddress/CityNm0GLEN MILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019342
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593204548
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES MOORE & CO PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05931 NW 1ST PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0326072063
ReturnHeader/PreparerPersonGrp/PhoneNum03523781331
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CORINNE LAROCHE
ReturnHeader/ReturnTs02024-05-06T07:35:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HANADY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ELHADIDY
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,490,683
Liabilities
$0
Net assets
$1,490,683
Revenue
$1,767,451
Expenses
$2,815,444
Net income
-$1,047,993
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$2.65$2.39$0.25
2024Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.79$2.53$0.74
2023Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$1.77$2.82$1.05
2022Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$1.82$2.69$0.87
2021Detailed filing. Detailed filing data is available for this year.$3.39$0.00$3.39$2.03$1.87$0.16
2020Summary only. Only limited summary data is available for this year.$3.23$0.00$3.23$1.85$1.43$0.42