Healthwell Foundation
Mission:
HELP ELIGIBLE PATIENTS WITH CHRONIC OR LIFE-ALTERING DISEASES AFFORD THEIR MEDICAL TREATMENTS.
www.healthwellfoundation.org
| 20440 CENTURY BLVD STE 250 Germantown MD 20874-9180
Healthwell Foundation is headquartered in Germantown, MD, and is a 501(c)(3) organization. EIN: 20-0413676. Donations are tax-deductible. The IRS' NTEE classification is Health - General and Rehabilitative N.E.C. within the Health - General and Rehabilitative category. The IRS ruling year for tax exemption was 2005.
(Source: IRS Business Master File and Form 990)
Encompass Rating System by Charity Navigator
Charity Navigator’s Encompass Rating System evolves on a quarterly basis as we add new measures and indicators, which we call Beacons. Check back often to see how this organization’s score changes.
Learn about the Encompass Rating System: Announcement | FAQ | Release Notes
Overall Score (BETA)
100
out of 100
This charity's score is a passing score.
Do you work for Healthwell Foundation? Gain access to your rating toolkit.
Finance & Accountability
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
Finance & Accountability Score (BETA)
100
out of 100
This charity's score is a passing score
This Beta V1 of Finance Score provides a baseline measure of an organization’s health including the indicators listed in the report below.
This score represents Form 990 data from latest filing year 2018.
Finance & Accountability Rating Highlights
Higher Effect on Score
Board Composition
6/6 Independent
We look for at least 3 board members, with more than 50% of members identified as independent.
Lower Effect on Score
Liabilities to Assets Ratio
4.84%
Charity Navigator looks for a ratio less than 50%.
No Effect on Score
Total Revenue
$437,569,813
Charity Navigator doesn’t evaluate revenue amounts or sources in Beta V1. An organization’s size can affect whether and how we evaluate other indicators.
Finance & Accountability Report
100
of 100 points (BETA)
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Overview
The Finance and Accountability Score provides a basic measure for organizational health. At this time, it comprises 100% of a charity's Overall Score.
Program Expense Ratio
98.88%
Higher effect on score
More data
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
For a passing score, Charity Navigator looks for a ratio of 70% or higher. Charities in the 50%-70% range receive zero points for their Program Expense Ratio score. Charities that fall below 50% will receive zero points for both of their financial metric scores, Program Expense Ratio AND Liabilities to Assets Ratio.
Source: IRS Form 990
Board Composition
6/6 Independent
Higher effect on score
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent.
Source: IRS Form 990
Independent Review/Financial Audit
Audited
Higher effect on score
For organizations larger than $1million in total revenue we expect to see that the charity completed an audit.
This indicator is not part of the score for organizations less than $250k in total revenue and is removed from the scoring methodology.
For charities under $1 million but over $250K in total revenue we expect to see that the charity completed an Audit, Review or Compilation.
Source: IRS Form 990
Liabilities to Assets Ratio
4.84%
Lower effect on score
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Charity Navigator looks for a ratio less than 50%.
Source: IRS Form 990
Website Listed
Listed
Lower effect on score
Charity Navigator looks for a website on the Form 990 as an accountability and transparency measure.
Nonprofits act in the public trust and reporting publicly on activities is an important component
Source: IRS Form 990
Impact & Results
Charity Navigator assesses how well a nonprofit delivers on its mission. To issue an Impact & Results score, we estimate the actual impact a nonprofit has on the lives of those it serves, and determine whether it is making good use of donor resources to achieve that impact.
Impact & Results Score (BETA)
100
out of 100
This charity is highly cost-effective, earning a passing score.
Impact
$3,100 provides $3,000 in financial assistance to a patient in need.
Framework
Impact Analysis
We use impact analysis to rate service delivery nonprofits. We are developing new frameworks for assessing advocacy, systems change and similar nonprofits.
Data Collector
ImpactMatters
Do you work at Healthwell Foundation? Share your impact data to update your score.
Impact & Results Report
100
of 100 points (BETA)
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Rated Program
Program
Financial Assistance for Medical Conditions
Activities
HealthWell Foundation provides financial assistance to patients with life-threatening, chronic or rare diseases.
Program Type
Financial Assistance for Patients with Medical Conditions
Beneficiaries Served
People with illnesses; People living in poverty
Program Geography
United States
Time Period of Data
1/1/17 to 12/31/17
Outcomes and Cost
Outcomes: Changes in the lives of those served by a nonprofit. They can be caused by the nonprofit.
Costs: The money spent by a nonprofit and its partners and beneficiaries.
Impact: Outcome caused by a nonprofit relative to its cost.
Cost-effectiveness: A judgment as to whether the cost was a good use of resources to cause the outcome.
Outcome Metric
Increase in income for a patient with medical conditions
Outcome Data Source
Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.
Output data collected during the program. HealthWell Foundation publicly reports data on the dollar value of all financial assistance provided to patients, which we use to calculate the additional income received.
Method for Attributing Outcomes
We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g., a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e., counterfactual outcomes).
We estimate the dollar amount of financial assistance attributable to the nonprofit by comparing the financial assistance given by the nonprofit to the financial assistance that would have been provided in the absence of the nonprofit (the "counterfactual"). In this case, we estimate the counterfactual to be zero based on two assumptions. First, we assume there is functionally no upper limit to the amount of cash transfers that continue to be valuable to patients as they are far from reaching the point of diminishing marginal returns, such that aid provided by one nonprofit does not displace aid provided by another. Second, we assume that nonprofits work independently and do not coordinate the provision of aid to the same patient. As a result, all aid provided by the nonprofit to patients with medical conditions can be directly attributable to the nonprofit.
Cost Data Source
After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners.
Cost data reported by Healthwell Foundation and data and assumptions about partner and beneficiary costs.
Cost Calculation
$243,372,268 program costs + $0 partner costs + $0 beneficiary costs = $243,372,268 total costs
Impact and Determination
We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.
Impact Calculation
$243,372,268 total costs / 236,290,414 of financial assistance provided = roughly $3000 provides $3000 in financial assistance to a patient in need.
Benchmark for Rating
Impact & Results scores of financial assistance to patients programs are based on income generated relative to cost. Programs receive an Impact & Results score of 100 if they increase income for a recipient by more than $1.50 for every $1 spent and a score of 75 if income increases by more than $0.85 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 50.
Determination
Highly cost-effective
Why We Could Be Wrong
- The outcome could oversimplify total impact. Using "dollars of financial assistance" as the metric of analysis does not capture potential improvement in patients' health due to lower stress and better treatment adherence. However, there is limited evidence to support such health effects so we limit our analysis to the amount of assistance provided.
- There could be multiple important outcomes not captured in our analysis.
- The nonprofit may be spending additional money in order to serve harder-to-reach and/or particularly valuable populations.
- In the absence of better data, we assume uniform counterfactual rates for programs, at the risk of masking variation across nonprofits.
- Our estimates rely on data made public by the nonprofit on its website, annual reports, financial statements and Form 990s.
- We only analyze programs that meet our criteria. As a result, this report may not fully reflect the impact of the nonprofit.
- We do not assess what explains the nonprofit's cost-effectiveness.
Analysis Details
Analysis conducted in 2019 by ImpactMatters. An analyst searched the Form 990s, annual reports, audited financials and the website of Healthwell Foundation to calculate impact and rate cost-effectiveness. A second analyst conducted quality control.
Additional Information
Unscored
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Largest Programs
Healthwell Foundation reported its three largest programs on its FY 2018 Form 990 as:
$99,985,575
Spent in most recent FY
30%
Percent of program expenses
MULTIPLE MYELOMA - MEDICARE ACCESS - PROVIDED DEDUCTIBLE, COINSURANCE, COPAYMENT AND PREMIUM ASSISTANCE TO 19,529 ELIGIBLE MEDICARE PATIENTS RECEIVING TREATMENT FOR MULTIPLE MYELOMA.
$38,726,083
Spent in most recent FY
11%
Percent of program expenses
PULMONARY FIBROSIS - PROVIDED DEDUCTIBLE, COINSURANCE, COPAYMENT AND PREMIUM ASSISTANCE TO 8,886 ELIGIBLE PATIENTS BEING TREATED FOR PULMONARY FIBROSIS.
$36,419,154
Spent in most recent FY
11%
Percent of program expenses
HEPATITIS C - PROVIDED DEDUCTIBLE, COINSURANCE AND COPAYMENT ASSISTANCE TO 6,229 ELIGIBLE PATIENTS RECEIVING TREATMENT FOR HEPATITIS C.
GuideStar Seal of Transparency
Platinum
GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact. GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results. Click here for more information.
Note: GuideStar Seals do not effect the nonprofit’s Impact & Results Score.
Results Reported in 2019
3,364
Average grant amount
150,442
Number of patients assisted
Life-to-date total number of patients assisted through 2019: 500,000+
613,315,000
Total dollar amount of grants awarded
Life to date total dollar amount of grants awarded is $1.8+ billion.
GlobalGiving
GlobalGiving Badge not earned
GlobalGiving is the largest global crowdfunding community connecting nonprofits, donors, and companies in nearly every country. For donors, GlobalGiving provides an additional layer of vetting and due diligence for each of its nonprofit partners every two years, which may include site visit verification. Learn more about GlobalGiving.
Note: GlobalGiving Badges do not effect the nonprofit’s Impact & Results score.
Leadership & Adaptability
Charity Navigator will provide an assessment of the organization’s leadership capacity, strategic planning, and the ability to readily innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization’s mission.
Culture & Community
Charity Navigator will provide an assessment of the organization’s people operations, connectedness and engagement with the constituents and communities served, and Diversity, Equity and Inclusion measures.
Nonprofit Comment
Before publishing, we ask every nonprofit we can to review our work, offer corrections and provide a comment.
This nonprofit did not provide a comment