Fair Health Inc
- Assets
- $43.9m
- Revenue
- $32.4m
- Investments
- $0.0
- Employees
- 108
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 90-0524293
Organization Overview
Fair Health Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2022, Fair Health Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fair Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Fair Health Inc generated $32.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $30.4m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSPARENCY TO HEALTHCARE COSTS AND HEALTH INSURANCE INFORMATION FOR CONSUMERS AND THE ENTIRE HEALTHCARE SECTOR THROUGH AN EDUCATIONAL CONSUMER WEBSITE AND INDEPENDENT, OBJECTIVE DATA FOR RESEARCHERS, GOVERNMENT AGENCIES, HEALTHCARE PROVIDERS, INSURANCE COMPANIES AND BENEFIT MANAGERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIR HEALTH USES ITS DATABASE OF BILLIONS OF BILLED MEDICAL AND DENTAL SERVICES TO POWER A FREE WEBSITE THAT ENABLES CONSUMERS TO ESTIMATE AND PLAN THEIR MEDICAL AND DENTAL EXPENDITURES. THE WEBSITE ALSO OFFERS CLEAR, UNBIASED EDUCATIONAL ARTICLES AND VIDEOS ABOUT THE HEALTHCARE INSURANCE REIMBURSEMENT SYSTEM. IN ADDITION TO ITS CONSUMER OFFERINGS, FAIR HEALTH LICENSES DATA PRODUCTS TO BUSINESSES, GOVERNMENTAL AGENCIES, AND HEALTHCARE PROVIDERS. FAIR HEALTH ALSO PROVIDES RESEARCH ANALYTICS AND DATA TO ACADEMIC RESEARCHERS, POLICYMAKERS AND MEDIA. WITH ITS PROFESSIONAL STAFF OF EXPERTS IN HEALTHCARE, STATISTICS, TECHNOLOGY AND COMMUNICATIONS, FAIR HEALTH STRIVES TO OFFER ACCURATE, CONSISTENT AND TIMELY INFORMATION TO ALL STAKEHOLDERS IN THE HEALTHCARE SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher F Koller Director | Trustee | 2 | $0 |
James Lytle Director | Trustee | 2 | $0 |
James Roosevelt Jr Director | Trustee | 2 | $0 |
Lawrence Casalino Director | Trustee | 2 | $0 |
Lynn Nicholas Secretary (outgoing) | OfficerTrustee | 3 | $0 |
Marcella Alsan Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avenue Solution Consulting Services | 6/29/22 | $150,000 |
Bart Bronfman Consulting Services | 6/29/22 | $143,750 |
Joel Brill Clinical Consulting | 6/29/22 | $120,922 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,223,126 |
| Investment income | $351,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $791,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,401,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,665,448 |
| Compensation of current officers, directors, key employees. | $1,230,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,447,130 |
| Pension plan accruals and contributions | $586,622 |
| Other employee benefits | $2,389,447 |
| Payroll taxes | $1,051,457 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $123,457 |
| Fees for services: Accounting | $56,249 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,110 |
| Fees for services: Other | $3,212,561 |
| Advertising and promotion | $404,284 |
| Office expenses | $157,099 |
| Information technology | $436,827 |
| Royalties | $655,184 |
| Occupancy | $973,474 |
| Travel | $14,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $699,654 |
| Insurance | $386,683 |
| All other expenses | $0 |
| Total functional expenses | $30,439,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $10,918,949 |
| Pledges and grants receivable | $96,292 |
| Accounts receivable, net | $6,194,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,209,218 |
| Net Land, buildings, and equipment | $1,568,050 |
| Investments—publicly traded securities | $22,684,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,234,252 |
| Total assets | $43,905,293 |
| Accounts payable and accrued expenses | $5,132,886 |
| Grants payable | $0 |
| Deferred revenue | $16,385,428 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $265,306 |
| Total liabilities | $21,783,620 |
| Net assets without donor restrictions | $22,057,287 |
| Net assets with donor restrictions | $64,386 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,905,293 |