nonprofit logo

Healthwell Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200413676 ✦ Germantown, MD ✦ Designated as a 501(c)(3)

Overview

What is Healthwell Foundation?

The Healthwell Foundation is a nonprofit organization based in Germantown, Maryland, with a workforce of 197 employees. Their mission is to alleviate financial barriers to care for underinsured patients dealing with chronic or life-altering diseases, including Multiple Myeloma. By providing assistance with deductibles, coinsurance, copayments, and premiums, the Healthwell Foundation has helped over 26,000 eligible Medicare patients access necessary medical treatments. Their ultimate goal is to ensure no patient is denied healthcare due to financial constraints.


Official website here: www.healthwellfoundation.org

Is Healthwell Foundation legitimate?

Healthwell Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthwell Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,451,607
Professional Fundraising Fees: $325,596
Other Salaries and Wages: $10,765,684

For more financial information, click here


Official website here: www.healthwellfoundation.org

What is the mission statement of Healthwell Foundation?

The Healthwell Foundation works to eliminate financial barriers for underinsured patients dealing with chronic or life-altering diseases, ensuring they receive necessary medical treatments. Its vision is to prevent patients, whether adults or children, from forgoing healthcare due to financial constraints. Specifically, the foundation has assisted 26,773 Medicare patients in accessing treatment for multiple myeloma by providing aid for deductibles, coinsurance, copayments, and premiums.


Official website here: www.healthwellfoundation.org

Who is the CEO of Healthwell Foundation?

David L Knowlton is the Board Chair of Healthwell Foundation.


Official website here: www.healthwellfoundation.org

What is the revenue of Healthwell Foundation?

Healthwell Foundation's revenue in 2022 was $683,954,512.


Official website here: www.healthwellfoundation.org

Who are the executives of Healthwell Foundation and what are their salaries?

The average compensation at Healthwell Foundation during 2022 was $62,017. There are 197 employees at Healthwell Foundation.

Here are 17 key members and their salaries:

    Krista Zodet (President)
  • Compensation: $321,282
  • Related: $0
  • Other: $48,054

    • Alan Klein (Chief Development Officer)
  • Compensation: $276,928
  • Related: $0
  • Other: $25,004

    • Collin Alexander (Director Of Finance)
  • Compensation: $227,417
  • Related: $0
  • Other: $40,944

    • Fred Asiedu Larbi (Director Of Operations)
  • Compensation: $215,510
  • Related: $0
  • Other: $50,904

    • Shela Halper (Senior Foundation Program Officer)
  • Compensation: $213,066
  • Related: $0
  • Other: $32,495

    • Erica Mata (Associate Director Of Operations)
  • Compensation: $136,580
  • Related: $0
  • Other: $47,354

    • Virginia Dunn (Senior Assoc. Dir. Of Comm. & Mrkt.)
  • Compensation: $132,365
  • Related: $0
  • Other: $38,818

    • Timothy Vawter (Associate Director Of It)
  • Compensation: $129,375
  • Related: $0
  • Other: $35,371

    • Cesar Martinez (Solutions Architect)
  • Compensation: $128,429
  • Related: $0
  • Other: $33,585

    • Stephen M Weiner (Board Chair) [Trustee/Director]
  • Compensation: $39,489
  • Related: $0
  • Other: $0

    • David L Knowlton (Vice Chair & Secretary) [Trustee/Director]
  • Compensation: $27,894
  • Related: $0
  • Other: $0

    • Nancy Carteron Md Facr (Board Member) [Trustee/Director]
  • Compensation: $20,560
  • Related: $0
  • Other: $0

    • Suzanne M Miller Phd (Board Member) [Trustee/Director]
  • Compensation: $13,359
  • Related: $0
  • Other: $0

    • Jerri Scarzella Bsn (Vice Chair & Treasurer) [Trustee/Director]
  • Compensation: $12,000
  • Related: $0
  • Other: $0

    • David F Ertel (Board Member) [Trustee/Director]
  • Compensation: $12,000
  • Related: $0
  • Other: $0

    • Cathleen Bennett Esq (Board Member) [Trustee/Director]
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Don Liss Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.healthwellfoundation.org

    Where can I find the form 990 for Healthwell Foundation?

    The Healthwell Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.healthwellfoundation.org

    Learn more at the official website: www.healthwellfoundation.org

    Mission Statement of Healthwell Foundation

    The Healthwell Foundation, a renowned nonprofit organization, is dedicated to alleviating financial barriers that prevent underinsured patients with chronic or life-altering diseases from accessing essential medical treatments. With a vision that ensures no patient, be they adult or child, is denied healthcare due to financial constraints, the Foundation provides vital assistance to eligible individuals.

    Specifically, the Healthwell Foundation focuses on patients with multiple myeloma, a chronic disease. These patients, who are enrolled in Medicare, receive crucial help from the Foundation in the form of assistance for their deductibles, coinsurance, copayments, and premiums. By providing this vital aid, the Healthwell Foundation enables these patients to access the medical care they desperately need, ultimately improving their chances for successful treatment and recovery. The Foundation's unwavering commitment to making a difference in the lives of those in need is a testament to its compassionate mission.

    Impact

    This information is meant to be a general summary of Healthwell Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Healthwell Foundation's impact is significant in helping eligible patients with chronic or life-altering diseases afford their medical treatments. Specifically, in the case of multiple myeloma, the foundation provided deductible, coinsurance, copayment, and premium assistance to 26,773 eligible Medicare patients receiving treatment for this condition. The foundation's efforts in reducing financial barriers to care for underinsured patients with chronic or life-altering diseases align with their mission to ensure that no patient, adult or child, goes without healthcare because they cannot afford it.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,851,613
  • Program Service Revenue: $2,800
  • Gross Receipts: $765,342,005

    • Assets and Liabilities:
  • Total Assets: $538,621,977
  • Total Liabilities: $30,879,876
  • Net Assets: $507,742,101
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SERVICE FEES

    Revenue

    $2,800

    Organization Details

    Founding Year

    2003

    Principal Officer

    David L Knowlton

    Main Address

    20440 CENTURY BOULEVARD 250, GERMANTOWN, MD, 20874

    NTEE Category

    Code: E83 - Health

    If you are a representative of Healthwell Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.