Healthshare Connection: Nonprofit Profile, Financials & Form 990 (EIN 85-2438856)

Revenue by fiscal year
FY2021	$167K
FY2022	$372K

Expenses by fiscal year
FY2021	$143K
FY2022	$228K

Net assets by fiscal year
FY2021	$34K
FY2022	$177K

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $228K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Thomas Cole

Director

$0Pt VII · Sec A

See Healthshare Connection executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people share medical expenses affordably, with most donations directly covering member costs.

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1 program · $228K · in their own filed words · FY2022

01

Healthshare connections was established to provide a low cost way for people to share their medical expenses.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 85-2438856) · Dispute this line

$228Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$372K

Ln 12

Gifts and grantsLn 1h$372K

Money outPt IX

$228K

Ln 25

Programscol B$228K

Owns and owesPt X

$177K

net assets · Ln 32

Cash and savingsLn 1–2$177K

Total assetsLn 16$177K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$372K

Total revenueLn 12$372K

Assets in detailPt X, end of year

CashLn 1$177K

Cash and savings togetherLn 1–2$177K

Total assetsLn 16$177K

LiabilitiesLn 26$0

Net assetsLn 32$177K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$34K	$177K
Total assetsLn 16	$34K	$177K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$34K	$177K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$223K	$223K
Office expensesLn 13	$5K	$5K
Total functional expensesLn 25	$228K	$228K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest ViewingFiled with the IRS Nov 15, 2023	$372K	$228K	$144K	$177K	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$167K	$143K	$25K	$34K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2022 990

Part I · Summary $371,661 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $167,414$371,661

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $167,414$371,661

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $142,864$228,111

I-18 Total expensesPrior year $142,864$228,111

I-19 Revenue less expensesPrior year $24,550$143,550

Part VI · Governance 1 of 1 board members independent, 5 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $371,661 across 3 lines filed

VIII-1b Membership dues$371,661

VIII-1h Total contributions, gifts and grants$371,661

VIII-12 Total revenue$371,661

Part IX · Statement of functional expenses $228,111 across 2 lines filed

IX-11g Other fees for servicesPrograms $223,000$223,000

IX-13 Office expensesPrograms $5,111$5,111

IX-25 Total functional expensesPrograms $228,111 · Management $0 · Fundraising $0$228,111

Part X · Balance sheet $177,165 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $33,615$177,165

X-16 Total assetsStart of year $33,615$177,165

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $33,615$177,165

X-32 Total net assets or fund balancesStart of year $33,615$177,165

X-33 Total liabilities and net assetsStart of year $33,615$177,165

Part XI · Reconciliation of net assets $177,165 net assets at year end

XI-1 Total revenue$371,661

XI-2 Total expenses$228,111

XI-3 Revenue less expenses$143,550

XI-4 Net assets at start of year$33,615

XI-10 Net assets at end of year$177,165

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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