HEALTHWELL FOUNDATION (EIN 200413676) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DAVID L KNOWLTON

Phone

2406325305

Tax Period

2023-01-01 to 2023-12-31

HEALTHWELL FOUNDATION, founded in 2003, is a major nonprofit in the Health Care sector that reported $742.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

IMPROVING ACCESS TO HEALTH CARE FOR AMERICA'S UNDERINSURED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $730,901,028

Program Service Revenue $32,198

Investment Income $11,430,992

Other Revenue $0

TOTAL REVENUE $742,364,218

Expense Breakdown

Grants Paid $695,015,656

Salaries & Benefits $19,608,580

Fundraising Expenses $1,239,170

Program Expenses $715,771,217

Other Expenses $6,452,253

TOTAL EXPENSES $721,499,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,364,218	$683,954,512	+0.1%
Expenses	$721,499,830	$627,531,311	+0.1%
Net Income	$20,864,388	$56,423,201	-0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

234

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,657,721

Total Directors

$139,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN M WEINER BOARD	MEMBER & CHIEF COMPL. OFFICER	1.00	Officer Director	$32,388	$0	$32,388
DAVID L KNOWLTON	BOARD CHAIR	2.00	Officer Director	$48,276	$0	$48,276
NANCY CARTERON MD FACR	BOARD MEMBER	1.00	Director	$17,816	$0	$17,816
SUZANNE M MILLER PHD	VICE CHAIR & SECRETARY	1.00	Officer Director	$12,000	$0	$12,000
JERRI SCARZELLA BSN	VICE CHAIR & TREASURER	1.00	Officer Director	$12,000	$0	$12,000
DAVID F ERTEL	BOARD MEMBER THRU 8/23	1.00	Director	$4,500	$0	$4,500
CATHLEEN BENNETT ESQ	BOARD MEMBER	1.00	Director	$12,000	$0	$12,000
DON LISS MD	BOARD MEMBER	1.00	Director	$141	$0	$141
KRISTA ZODET	PRESIDENT & CEO	39.00	Officer	$369,804	$25,413	$395,217
ALAN KLEIN	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$348,022	$25,703	$373,725
COLLIN ALEXANDER CHIEF	FINANCIAL OFFICER THRU 6/23	40.00	Officer	$144,359	$28,330	$172,689
FRED ASIEDU LARBI	CHIEF OPERATIONS OFFICER	36.00	Officer	$249,626	$59,567	$309,193
SHELA HALPER	CHIEF FOUNDATION PROGRAM OFFICER	40.00	Officer	$246,358	$37,326	$283,684
RICHA DAHIYA CHIEF	FINANCIAL OFFICER AS OF 11/23	40.00	Officer	$16,039	$2,510	$18,549
ERICA MATA	DIRECTOR, OPERATIONS	40.00	Highest	$157,370	$60,155	$217,525
VIRGINIA DUNN	DIRECTOR, COMM, AND MKTG	40.00	Highest	$140,435	$41,299	$181,734
TIMOTHY VAWTER	ASSOCIATE DIRECTOR, INFO. TECH.	40.00	Highest	$147,825	$40,168	$187,993
CESAR MARTINEZ	DIRECTOR, ARCHITECT SOLUTIONS	40.00	Highest	$148,133	$38,482	$186,615
LORI MARTIN	DIRECTOR, HUMAN RESOURCES	40.00	Highest	$138,781	$41,953	$180,734

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$742,364,218	$721,499,830	$637,832,771	$20,864,388
2022	$683,954,512	$627,531,311	$538,621,977	$56,423,201
2021	$554,261,279	$629,943,666	$529,554,117	$-75,682,387
2020	$558,747,759	$452,158,545	$604,913,332	$106,589,214
2019	$488,370,029	$383,841,702	$473,159,995	$104,528,327
2018	$437,569,813	$327,823,652	$345,846,006	$109,746,161

HEALTHWELL FOUNDATION