Civic Intelligence

Rems Industry Consortium Inc

EIN 87-2975064 • 501(c)6 • Mount Laurel, NJ

Profile

The rems industry consortium fosters collaboration and innovation to advance patient safety, appropriate access, and best practices in rems-related drug and biologic risk management.

1120 ROUTE 73 Suite 200Mount Laurel, NJ 08054

remsconsortium.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.21x

Higher debt load relative to assets than 69% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.14x

Higher debt load relative to revenue than 66% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Net Margin

83rd percentile

37%

Higher net margin than 83% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

NTEE S • $500k-$1M nonprofits • Source year 2024

Asset Growth

98th percentile

301%

Faster asset growth than 98% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

36%

Faster revenue growth than 78% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$607,734

Up $509,232 (+517%) from 2022

Liabilities

Up

$126,136

Up $65,866 (+109%) from 2022

Net Assets

Up

$481,598

Up $443,366 (+1160%) from 2022

Operations
Liabilities / Revenue66th percentileNet Margin83rd percentile

Revenue

Up

$931,433

Up $533,933 (+134%) from 2022

Expenses

Up

$583,860

Up $203,293 (+53%) from 2022

Net Income

Up

$347,573

Up $330,640 (+1953%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2021: $85,375Liabilities 2021: $64,076Net Assets 2021: $21,2992021Assets 2022: $98,502Liabilities 2022: $60,270Net Assets 2022: $38,2322022Assets 2024: $607,734Liabilities 2024: $126,136Net Assets 2024: $481,5982024

Highlighted filing

2024

Assets$607,734
Liabilities$126,136
Net Assets$481,598
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Revenue 2021: $300,000Expenses 2021: $278,701Net Income 2021: $21,2992021Revenue 2022: $397,500Expenses 2022: $380,567Net Income 2022: $16,9332022Revenue 2024: $931,433Expenses 2024: $583,860Net Income 2024: $347,5732024

Highlighted filing

2024

Revenue$931,433
Expenses$583,860
Net Income$347,573
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$607,734
Liabilities
$126,136
Net assets
$481,598
Revenue
$931,433
Expenses
$583,860
Net income
$347,573
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.08$1.26$4.82$9.31$5.84$3.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.60$0.38$3.98$3.81$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.64$0.21$3.00$2.79$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 15, 2025
Return Version
2024v5.2
Gross Receipts
$931,433
Mission and Program Overview

Mission

The rems industry consortium fosters collaboration and innovation to advance patient safety, appropriate access, and best practices in rems-related drug and biologic risk management.

Improving patient safety and medication access through rems innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,197$492,028▲ $412,831
Prepaid Expenses and Deferred Charges$64,159$115,706▲ $51,547
Land, Buildings, and Equipment, Net$8,333$0▼ $8,333
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$151,689$607,734▲ $456,045
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$17,665$125,705▲ $108,040
Accounts Payable and Accrued Expenses$0$431▲ $431
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,665$126,136▲ $108,471
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$134,024$481,597▲ $347,573
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$134,024$481,597▲ $347,573
Total Liabilities and Net Assets / Fund Balance$151,689$607,733▲ $456,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$25,000$25,000
Other Land Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Kevin HolmanChairperson
Cherie JohnsonBoard Member
Ron SeldersBoard Member
Tina LatchBoard Member (From 3/12/2024)
Jamie WilkinsBoard Member (From 3/26/2024)
Michael CheungSecretary
Kal ElhoregyTreasurer
Kishore GopuVice Chariperson

Highest Paid Contractors

ContractorServicesLocationCompensation
Buchanan Ingersoll RooneyManagement ServicesUnion Trust Building 501 Grant St, Pittsburgh, PA 15219$401,543
Association Headquarters IncAnn. Mtg Management1120 Route 73 Suite 200, Mount Laurel, NJ 08054$102,704
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$931,433
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$347,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$583,860
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
Fees for Services Management---$393,333
Conferences and Meetings---$156,906
Insurance---$8,492
Depreciation Depletion---$8,333
Advertising---$1,875
Information Technology---$1,520
Travel---$981
Office Expenses---$199
Other Expenses---$192
Total Functional Expenses$0$0$0$583,860
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

“THE ORGANIZATION RECEIVED VARIOUS MANAGEMENT SERVICES INCLUDING THOSE RELATED TO ADMINISTRATION, MEETINGS, ACCOUNTING AND WEBSITE SERVICES FROM Buchanan Ingersoll & Rooney PC”

FORM 990, PART VI, SECTION A, LINE 6 & 7A:

“Currently, two classes of memberships are authorized: voting and nonvoting. It is contemplated that any entity that is a drug or biologic company sponsor which (i) engages in commercializing (or developing for commercialization) fda-approved pharmaceutical or biopharmaceutical products which are (or may be) subject to rems, and (ii) supports furthering the goals of ric, including undertaking activities to further those goals, may be admitted to voting membership; and that any entity that supports furthering the goals of ric which does not meet the above criteria may be admitted as a nonvoting member.”

FORM 990, PART VI, SECTION B, LINE 11B:

“A complete copy of form 990 is provided to the board prior to filing.”

FORM 990, PART VI, SECTION B, LINE 12C:

“The organization's conflict of interest policy is reviewed annually by the board of directors. Each director or officer shall annually complete a disclosure form identifying any relationships, positions, or circumstances in which he or she is involved that is believed could contribute to a conflict of interest. In the event a conflict is identified, the executive committee will be notified to review and assess the case and proceed in accordance with the organization's policy.”

FORM 990, PART VI, SECTION C, LINE 19:

“The organization makes its governing documents, financial statements, and forms 990 available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Rems Industry Consortium Inc
EIN
87-2975064
In Care Of
% THE ORGANIZATION
Phone
8563806894
Address
1120 ROUTE 73 Suite 200, MOUNT LAUREL, NJ 08054

Signing Officer

Name
Kevin Holman
Title
Chairperson
Phone
8563806894
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Holman
Formed
2021
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
40

Preparer

Firm
Withumsmithbrown Pc
Address
1835 MARKET STREET SUITE 1710, PHILADELPHIA, PA 19103-2945
Preparer
Richard Ruvelson
Phone
2155462140
Raw XML AppendixShowing 400 of 416 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVED VARIOUS MANAGEMENT SERVICES INCLUDING THOSE RELATED TO ADMINISTRATION, MEETINGS, ACCOUNTING AND WEBSITE SERVICES FROM Buchanan Ingersoll & Rooney PC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENTLY, TWO CLASSES OF MEMBERSHIPS ARE AUTHORIZED: VOTING AND NONVOTING. IT IS CONTEMPLATED THAT ANY ENTITY THAT IS A DRUG OR BIOLOGIC COMPANY SPONSOR WHICH (I) ENGAGES IN COMMERCIALIZING (OR DEVELOPING FOR COMMERCIALIZATION) FDA-APPROVED PHARMACEUTICAL OR BIOPHARMACEUTICAL PRODUCTS WHICH ARE (OR MAY BE) SUBJECT TO REMS, AND (II) SUPPORTS FURTHERING THE GOALS OF RIC, INCLUDING UNDERTAKING ACTIVITIES TO FURTHER THOSE GOALS, MAY BE ADMITTED TO VOTING MEMBERSHIP; AND THAT ANY ENTITY THAT SUPPORTS FURTHERING THE GOALS OF RIC WHICH DOES NOT MEET THE ABOVE CRITERIA MAY BE ADMITTED AS A NONVOTING MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPLETE COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. EACH DIRECTOR OR OFFICER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT IS BELIEVED COULD CONTRIBUTE TO A CONFLICT OF INTEREST. IN THE EVENT A CONFLICT IS IDENTIFIED, THE EXECUTIVE COMMITTEE WILL BE NOTIFIED TO REVIEW AND ASSESS THE CASE AND PROCEED IN ACCORDANCE WITH THE ORGANIZATION'S POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORMS 990 AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-15
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ReturnHeader/Filer/BusinessNameControlTxt0REMS
ReturnHeader/Filer/EIN0872975064
ReturnHeader/Filer/InCareOfNm0% THE ORGANIZATION
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