Nonprofit · EIN 20-0413676
HEALTHWELL FOUNDATION
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $911,501,566 | $603,213,244 | $308,288,322 | $918,189,028 | $42,209,550 | $875,979,478 |
| December 31, 2023 | 990 | $742,364,218 | $721,499,830 | $20,864,388 | $637,832,771 | $81,556,071 | $556,276,700 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $886,965,654
- Program service revenue
- $0
- Investment income
- $24,453,225
- Net gain from sales of assets
- $643,793
- Other revenue
- $82,687
Expenses
- Grants and similar amounts paid
- $570,236,144
- Compensation of officers, directors and key employees
- $2,324,111
- Other salaries and wages
- $16,094,526
- Salaries, compensation and benefits (total)
- $24,272,549
- Professional fundraising fees
- $0
- Accounting fees
- $515,706
- Occupancy
- $1,012,471
- Travel
- $224,004
- Depreciation
- $189,348
- Program services (functional)
- $594,111,911
- Management and general (functional)
- $7,603,036
- Fundraising (functional)
- $1,498,297
Balance sheet and other
- Total assets, start of year
- $637,832,771
- Total assets, end of year
- $918,189,028
- Total liabilities, end of year
- $42,209,550
- Net assets, end of year
- $875,979,478
- Land, buildings and equipment
- $455,841
- Publicly traded securities
- $409,025,472
- Net assets without donor restrictions
- $65,114,242
- Net assets with donor restrictions
- $810,865,236
- Gross receipts
- $934,972,611
- Employees
- 296
- Volunteers
- 9
- Year formed
- 2003
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alan Klein term 1224 | Chief Development Officer Officer | 40 | $354,216 | $30,888 |
| Richa Dahiya | Chief Financial Officer Officer | 40 | $277,883 | $48,753 |
| Fred Asiedu Larbi | Chief Operations Officer Officer | 40 | $256,088 | $65,932 |
| Shela Halper | Chief Foundation Prog. Officer Officer | 40 | $253,727 | $45,270 |
| Krista Zodet Term 224 | PRESIDENT & CEO Officer | 40 | $256,452 | $3,949 |
| David L Knowlton | Board Chair and Interim CEO Trustee or director, Officer | 40 | $247,638 | $0 |
| Erica Mata | Director of operations Highest-paid employee | 40 | $164,166 | $66,110 |
| Virginia Dunn | Mktg & Comms. Director Highest-paid employee | 40 | $156,469 | $48,538 |
| Cesar Martinez | Dir. of Architect Svcs. Highest-paid employee | 40 | $155,862 | $45,114 |
| Tim Vawter | Associate director, IT Highest-paid employee | 40 | $154,017 | $46,792 |
| Nicholas Borsuk | Compliance Director Highest-paid employee | 40 | $148,300 | $41,864 |
| Robert D Moroni | Vice Chair & Treasurer Trustee or director, Officer | 40 | $99,875 | $0 |
| Stephen M Weiner | Board Member & CCO Trustee or director, Officer | 40 | $90,788 | $0 |
| Michael S Heimall | PRESIDENT & CEO Officer | 40 | $58,123 | $342 |
| Don Liss | Board member Trustee or director | 1 | $54,313 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nancy Carteron | Board member Trustee or director | 1 | $34,250 |
| Cathleen Bennett | Board Member Trustee or director | 1 | $27,500 |
| Suzanne S Miller | Vice Chair & Secretary Trustee or director, Officer | 40 | $27,000 |
| Jerri Scarzella | Board member Trustee or director | 1 | $27,000 |
| Kenneth Moritsugu | Board member Trustee or director | 1 | $9,000 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTA ZODET | PRESIDENT & CEO Officer | 39 | $369,804 | $25,413 |
| ALAN KLEIN | CHIEF DEVELOPMENT OFFICER Officer | 40 | $348,022 | $25,703 |
| FRED ASIEDU LARBI | CHIEF OPERATIONS OFFICER Officer | 36 | $249,626 | $59,567 |
| SHELA HALPER | CHIEF FOUNDATION PROGRAM OFFICER Officer | 40 | $246,358 | $37,326 |
| ERICA MATA | DIRECTOR, OPERATIONS Highest-paid employee | 40 | $157,370 | $60,155 |
| TIMOTHY VAWTER | ASSOCIATE DIRECTOR, INFO. TECH. Highest-paid employee | 40 | $147,825 | $40,168 |
| CESAR MARTINEZ | DIRECTOR, ARCHITECT SOLUTIONS Highest-paid employee | 40 | $148,133 | $38,482 |
| VIRGINIA DUNN | DIRECTOR, COMM, AND MKTG Highest-paid employee | 40 | $140,435 | $41,299 |
| LORI MARTIN | DIRECTOR, HUMAN RESOURCES Highest-paid employee | 40 | $138,781 | $41,953 |
| COLLIN ALEXANDER CHIEF | FINANCIAL OFFICER THRU 6/23 Officer | 40 | $144,359 | $28,330 |
| DAVID L KNOWLTON | BOARD CHAIR Trustee or director, Officer | 2 | $48,276 | $0 |
| STEPHEN M WEINER BOARD | MEMBER & CHIEF COMPL. OFFICER Trustee or director, Officer | 1 | $32,388 | $0 |
| RICHA DAHIYA CHIEF | FINANCIAL OFFICER AS OF 11/23 Officer | 40 | $16,039 | $2,510 |
| NANCY CARTERON MD FACR | BOARD MEMBER Trustee or director | 1 | $17,816 | $0 |
| SUZANNE M MILLER PHD | VICE CHAIR & SECRETARY Trustee or director, Officer | 1 | $12,000 | $0 |
| JERRI SCARZELLA BSN | VICE CHAIR & TREASURER Trustee or director, Officer | 1 | $12,000 | $0 |
| CATHLEEN BENNETT ESQ | BOARD MEMBER Trustee or director | 1 | $12,000 | $0 |
| DAVID F ERTEL | BOARD MEMBER THRU 8/23 Trustee or director | 1 | $4,500 | $0 |
| DON LISS MD | BOARD MEMBER Trustee or director | 1 | $141 | $0 |
Address and contacts
- Address (IRS master file)
- 2101 GAITHER RD STE 410, ROCKVILLE, MD 20850-4078
- In care of
- % DAVID L KNOWLTON
- Principal officer (990 for 2024)
- DAVID L KNOWLTON, 20440 Century Boulevard250, Germantown, MD 20874
- Signed the 990
- DAVID L KNOWLTON, BOARD CHAIR
- Phone
- (240) 632-5305
- Website
- WWW.HEALTHWELLFOUNDATION.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
To ensure that no patient goes without health care because they cannot afford it.
Program accomplishments
- The HealthWell Foundation is a leading independent non-profit dedicated to improving access to health care for America's underinsured. When health insurance is not enough, we fill the gap by assisting with copays, premiums, deductibles and out-of-pocket expenses. In 2024, we awarded more than $1.2 billion in grants through our Disease Funds, and since 2004 we have helped more than 1,100,000 patients afford essential treatments and medications. HealthWell is recognized as one of America's most efficient charities - 100 percent of every dollar donated goes directly to patient grants and services. We provide financial assistance to help with: Prescription copays Health insurance premiums, deductibles and coinsurance Pediatric treatment costs Travel costs Behavioral health servicesExpenses $594,111,911 · grants $570,236,144
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0413676
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $918,189,028
- Income (IRS master file)
- $934,972,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $911,501,566 | $603,213,244 | $918,189,028 | IRS |
| 990 | December 2023 | $742,364,218 | $721,499,830 | $637,832,771 | XML |
| 990 | December 2022 | $683,954,512 | $627,531,311 | $538,621,977 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0413676).
Questions about HEALTHWELL FOUNDATION
- What is the EIN of HEALTHWELL FOUNDATION?
- The employer identification number (EIN) of HEALTHWELL FOUNDATION is 20-0413676.
- Is HEALTHWELL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to HEALTHWELL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEALTHWELL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEALTHWELL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEALTHWELL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HEALTHWELL FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAVID L KNOWLTON.
- Who are the officers and directors of HEALTHWELL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $354,216 (Alan Klein term 1224, Chief Development Officer).
- How much revenue does HEALTHWELL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $911,501,566, expenses of $603,213,244 and total assets of $918,189,028 at year end.
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