Medical Debt Resolution Inc
81% goes to programs $7 to raise $100 Strong reserves Declining revenue
Medical Debt Resolution Inc is a 501(c)(3) organization based in Long Island City, New York, registered in 2016, with $28,294,801 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
28-07 Jackson Ave 5th Fl, Long Island City, NY, 11101 EIN 47-1442997 Since 2016
Revenue (FY2023)
$28.3M
▼ 34.0% vs prior year
Human Services median: $293K
Expenses (FY2023)
$22.7M
Net assets
$94.0M
Employees
28
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $7 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 Medical Debt Resolution Inc: 81% to programs · $7 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating50 mo reserves · +20% 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 Medical Debt Resolution Inc: 50 mo reserves · +20% 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 Medical Debt Resolution Inc: 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 Medical Debt Resolution Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To end medical debt
What they do
Technology infrastructure development program: research, design, and develop technologies to directly support the organization's core mission of locating, acquiring, and abolishing medical debt.
Community engagement, education and public policy: efforts to raise public awareness of the economic and social effects of medical debt, strategic partnerships for furthering community awareness and youth engagement, and informing and supporting public policy efforts to address systemic causes of medical debt.
Contact & location
- Address
- 28-07 Jackson Ave 5th Fl, Long Island City, NY, 11101
- City
- Long Island City
- State
- New York
- Category
- Human Services
- Subcategory
- Personal Social Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $11K (FY2015) to $28.3M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.9MNet assets $94.0M
Operating margin
19.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$95.9M
Total liabilities
$1.9M
Net assets
$94.0M
Salaries & benefits
$2.5M
11% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $28,294,801▼34.0% | $22,656,788▲94.0% | $94,046,829▲7.7% | $95,897,379▲8.7% | 990 |
| 2022 | $42,872,028▲150% | $11,679,627▼36.7% | $87,289,507▲55.6% | $88,257,653▲56.2% | 990 |
| 2021 | $17,143,600▼74.1% | $18,437,272▲41.4% | $56,097,106▼2.3% | $56,504,785▼2.2% | 990 |
| 2020 | $66,172,951▲557% | $13,034,524▲84.0% | $57,404,760▲1246% | $57,765,850▲1163% | 990 |
| 2019 | $10,067,024▲84.4% | $7,084,794▲35.1% | $4,266,333▲232% | $4,572,339▲190% | 990 |
| 2018 | $5,460,587▲152% | $5,244,935▲348% | $1,284,103▲20.2% | $1,577,897▲40.7% | 990 |
| 2017 | $2,163,479▲734% | $1,169,890▲577% | $1,068,452▲1327% | $1,121,826▲1022% | 990 |
| 2016 | $259,533▲2173% | $172,771▲636% | $74,864▲729% | $99,977▲5102% | 990 |
| 2015 | $11,416 | $23,468 | -$11,898 | $1,922 | 990EZ |
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 (FY2023)
Highest-paid: Allison Sesso — $300,289 (1.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Allison Sesso | Ceo & President | 40 | $300,289 |
| Ruth Lande | Vp Hospital Relations | 40 | $256,076 |
| David Reynolds | Vp Info Systems | 40 | $213,053 |
| Priscilla Thomas-keith | Vp Program Mgmt | 40 | $168,113 |
| Eva Stahl | Vp Public Policy | 40 | $151,900 |
| Jana Knauerova | Vp Finance & Administration | 40 | $144,330 |
| Charles Russek | Sr Software Developer | 40 | $140,439 |
| Peter Nieuwkerk | Business Process Manager | 40 | $128,843 |
| Marisa Clemente | Vp Philanthropy | 40 | $121,904 |
| Dr Oxiris Barbot | Director | 1 | — |
| Dr Ram Raju | Director | 1 | — |
| Elizabeth Marincola | Director | 1 | — |
| Harold Ashton | Director | 1 | — |
| Jeff Smedsrud | Director | 1 | — |
| Jonathan Wiggs | Director | 1 | — |
| Jon Lindsey | Director | 1 | — |
| Jose Penabad | Treasurer | 1 | — |
| Magan Ray | Director (thru 11/2023) | 1 | — |
| Michele Masucci | Vice Chair | 1 | — |
| Robert Goff | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sandra Davis LLC DBA Donorly | Fundraising Counsel | $1,130,095 |
| Nixon Peabody | Legal Services | $452,635 |
| Sandler Search | Recruitment Services | $154,072 |
| Verite Healthcare Consulting | Consulting Services | $148,789 |
| James F Capalino Associates Inc | Consulting Services | $115,734 |
Grants received · $113.5M total
206 grants to Medical Debt Resolution Inc totaling $113.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Human service | 2024 | $1,087,250 |
| Eric and Kelly Schwartz Charitable Trust | In support of santa barbara foundation, for general support | 2024 | $500,000 |
| American Online Giving Foundation Inc | General support | 2024 | $386,866 |
| The Community Foundation For Greater Atlanta Inc | Human services | 2024 | $252,250 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $63,920 |
| The Community Fdn of Middle Tn Inc | In support of faith-based undue medical debt campaigns | 2024 | $55,000 |
| Scan Health Plan | Rip md 10th anniversary celebration | 2024 | $50,000 |
| The Community Fdn of Middle Tn Inc | To provide 1st time support for your important mission designated for support of 1.) middle tn and 2.) all of tennessee. lizzie has details. | 2024 | $50,000 |
| Philadelphia Foundation | Direct payment of medical debt | 2024 | $50,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $39,900 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $37,900 |
| Charities Aid Foundation America | Charitable donation | 2024 | $34,903 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $28,750 |
| Paypal Charitable Giving Fund | General support | 2024 | $25,149 |
| Community Foundation of New Jersey | Patient & family support | 2024 | $25,000 |
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Frequently asked questions
- Is Medical Debt Resolution Inc a legitimate nonprofit?
- Yes. Medical Debt Resolution Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-1442997, based in Long Island City, New York. Donations are tax-deductible.
- What is Medical Debt Resolution Inc's EIN?
- Medical Debt Resolution Inc's Employer Identification Number (EIN) is 47-1442997.
- How much revenue does Medical Debt Resolution Inc report?
- Medical Debt Resolution Inc reported $28,294,801 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Medical Debt Resolution Inc's spending goes to programs?
- Medical Debt Resolution Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Medical Debt Resolution Inc have?
- CharityIndex grades Medical Debt Resolution Inc A, based on program efficiency and fundraising cost.
- How much does Medical Debt Resolution Inc's highest-paid employee make?
- The highest reported compensation on Medical Debt Resolution Inc's latest Form 990 is $300,289, paid to Allison Sesso (Ceo & President).
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Data for Medical Debt Resolution Inc (EIN 47-1442997) 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.