Healthwell Foundation
98% goes to programs $0 to raise $100 Strong reserves Growing revenue
Healthwell Foundation is a 501(c)(3) organization based in Germantown, Maryland, registered in 2005, with $911,501,566 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
20440 Century Blvd Ste 250, Germantown, MD, 20874 EIN 20-0413676 Since 2005
Revenue (FY2024)
$911.5M
▲ 22.8% vs prior year
Health median: $840K
Expenses (FY2024)
$603.2M
Net assets
$876.0M
Employees
296
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Healthwell Foundation: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Healthwell Foundation: 17 mo reserves · +34% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Healthwell Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Healthwell Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To reduce financial barriers to care for underinsured patients with chronic or life-altering diseases.
What they do
Renal cell carcinoma - medicare access - provided deductible, coinsurance, copayment and premium assistance to 9,547 eligible medicare patients receiving treatment for renal cell carcinoma.
Hypercholesterolemia - medicare access - provided deductible, coinsurance, copayment and premium assistance to 52,454 eligible medicare patients being treated for hypercholesterolemia.
The healthwell foundation provided deductible, coinsurance, copayment, and premium assistance to 125,790 eligible patients treated for hepatitis c, tardive dyskinesia, prostate cancer, pulmonary hypertension, cardiomyopathy, chronic lymphocytic leukemia, acute myeloid leukemia, cystic fibrosis, pulmonary fibrosis, myelodysplastic syndromes, neurocognitive disease with psychosis, amyotrophic lateral sclerosis, breast cancer, multiple sclerosis, peyronie's disease, cystic fibrosis vitamins and supplements, mantle cell lymphoma, congenital sucrase-isomaltase deficiency, pediatric assistance, dupuytren's disease, amyloidosis, gout, non-small cell lung cancer, non-hodgkin's lymphoma, small cell lung cancer, systemic sclerosis with interstitial lung disease, waldenstrom macroglobulinemia, urticaria, sickle cell disease, type 2 diabetes, melanoma, colorectal carcinoma, cushing's disease, pancreatic cancer, post menopausal osteoporosis, iga nephropathy, blepharitis, lambert-eaton myasthenic syndrome, giant cell arteritis or temporal arteritis, chronic myeloid leukemia, bladder and urothelial cancer, aav & gpa, health access, bone metastases, b-cell lymphoma, anca-assoc vasculitis, and granulomatosis with polyangiitis (formerly wegeners), nontuberculous mycobacterium, cancer-related behavioral health, chemotherapy induced neutropenia, ovarian cancer, porphyrias, head and neck cancer, covid-19 frontline health care workers behavioral health, gastric cancer, hyperoxaluria, homocystinuria, gout travel fund, urea cycle disorders, acromegaly, wilms' tumor, and alagille syndrome vitamins and supplements.
Contact & location
- Address
- 20440 Century Blvd Ste 250, Germantown, MD, 20874
- City
- Germantown
- State
- Maryland
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $19.5M (FY2013) to $911.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $42.2MNet assets $876.0M
Operating margin
33.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$918.2M
Total liabilities
$42.2M
Net assets
$876.0M
Salaries & benefits
$24.3M
4% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $911,501,566▲22.8% | $603,213,244▼16.4% | $875,979,478▲57.5% | $918,189,028▲44.0% | 990 |
| 2023 | $742,364,218▲8.5% | $721,499,830▲15.0% | $556,276,700▲9.6% | $637,832,771▲18.4% | 990 |
| 2022 | $683,954,512▲23.4% | $627,531,311▼0.4% | $507,742,101▲0.7% | $538,621,977▲1.7% | 990 |
| 2021 | $554,261,279▼0.8% | $629,943,666▲39.3% | $504,315,707▼13.4% | $529,554,117▼12.5% | 990 |
| 2020 | $558,747,759▲14.4% | $452,158,545▲17.8% | $582,119,196▲27.7% | $604,913,332▲27.8% | 990 |
| 2019 | $488,370,029▲11.6% | $383,841,702▲17.1% | $455,710,646▲38.5% | $473,159,995▲36.8% | 990 |
| 2018 | $437,569,813▲23.6% | $327,823,652▲33.4% | $329,097,327▲41.0% | $345,846,006▲40.8% | 990 |
| 2017 | $353,917,166▲151% | $245,804,878▲123% | $233,441,951▲94.4% | $245,686,236▲92.6% | 990 |
| 2016 | $141,223,346▲108% | $110,112,787▲63.2% | $120,077,183▲34.9% | $127,590,757▲37.1% | 990 |
| 2015 | $67,991,986▼23.8% | $67,463,765▲84.6% | $89,016,900▼3.5% | $93,072,651▼2.1% | 990 |
| 2014 | $89,243,306▲358% | $36,555,748▼9.6% | $92,260,763▲138% | $95,104,829▲127% | 990 |
| 2013 | $19,478,916 | $40,445,926▼15.9% | $38,794,780▼33.6% | $41,873,758▼34.6% | 990 |
| 2012 | — | $48,117,064▼26.6% | $58,439,390▼5.1% | $64,012,596▼3.5% | 990 |
| 2011 | — | $65,518,601 | $61,599,344 | $66,318,603 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Alan Klein Term 1224 — $354,216 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Klein Term 1224 | Chief Development Officer | 40 | $354,216 |
| Richa Dahiya | Chief Financial Officer | 40 | $277,883 |
| Krista Zodet Term 224 | President & Ceo | 40 | $256,452 |
| Fred Asiedu Larbi | Chief Operations Officer | 40 | $256,088 |
| Shela Halper | Chief Foundation Prog. Officer | 40 | $253,727 |
| David L Knowlton | Board Chair and Interim Ceo | 40 | $247,638 |
| Erica Mata | Director of Operations | 40 | $164,166 |
| Virginia Dunn | Mktg & Comms. Director | 40 | $156,469 |
| Cesar Martinez | Dir. of Architect Svcs. | 40 | $155,862 |
| Tim Vawter | Associate Director, It | 40 | $154,017 |
| Nicholas Borsuk | Compliance Director | 40 | $148,300 |
| Robert D Moroni | Vice Chair & Treasurer | 40 | $99,875 |
| Stephen M Weiner | Board Member & Cco | 40 | $90,788 |
| Michael S Heimall | President & Ceo | 40 | $58,123 |
| Don Liss | Board Member | 1 | $54,313 |
| Nancy Carteron | Board Member | 1 | $34,250 |
| Cathleen Bennett | Board Member | 1 | $27,500 |
| Jerri Scarzella | Board Member | 1 | $27,000 |
| Suzanne S Miller | Vice Chair & Secretary | 40 | $27,000 |
| Kenneth Moritsugu | Board Member | 1 | $9,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pdmi | Claims Processing | $814,066 |
| Salesforceorg | Grants Management | $691,254 |
| Vonage Business Inc | Telecom Services | $568,570 |
| Ab Data | Direct Mail | $348,085 |
| Clarklaw | Legal Advisor | $301,800 |
Grants received · $36.6M total
40 grants to Healthwell Foundation totaling $36.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cystic Fibrosis Foundation | Patient assistance | 2024 | $3,000,000 |
| American Online Giving Foundation Inc | General support | 2024 | $23,650 |
| Paypal Charitable Giving Fund | General support | 2024 | $13,078 |
| Impactassets Inc | General support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Cystic Fibrosis Foundation | Patient assistance | 2023 | $6,000,000 |
| Donor Advised Charitable Giving | Health | 2023 | $39,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $28,963 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $28,000 |
| American Online Giving Foundation Inc | General support | 2023 | $13,885 |
| National Philanthropic Tr | Culture & arts | 2023 | $9,500 |
| Cystic Fibrosis Foundation | Patient assistance | 2022 | $5,600,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $109,053 |
| Tides Foundation | Healthy individuals and communities | 2022 | $100,000 |
| Tides Foundation | Healthy individuals and communities | 2022 | $100,000 |
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Compare Healthwell Foundation
Frequently asked questions
- Is Healthwell Foundation a legitimate nonprofit?
- Yes. Healthwell Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-0413676, based in Germantown, Maryland. Donations are tax-deductible.
- What is Healthwell Foundation's EIN?
- Healthwell Foundation's Employer Identification Number (EIN) is 20-0413676.
- How much revenue does Healthwell Foundation report?
- Healthwell Foundation reported $911,501,566 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Healthwell Foundation's spending goes to programs?
- Healthwell Foundation spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Healthwell Foundation have?
- CharityIndex grades Healthwell Foundation A+, based on program efficiency and fundraising cost.
- How much does Healthwell Foundation's highest-paid employee make?
- The highest reported compensation on Healthwell Foundation's latest Form 990 is $354,216, paid to Alan Klein Term 1224 (Chief Development Officer).
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Explore more
Data for Healthwell Foundation (EIN 20-0413676) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.