Overview
What is Harborpath Inc?
Harborpath Inc, a South Carolina nonprofit corporation, is dedicated to providing pharmaceutical programs for uninsured individuals with life-threatening and chronic conditions, such as HIV/AIDS, hepatitis, and opioid substance use disorders, throughout the United States. Their mission is to ensure timely access to critical medications by streamlining the process. The organization, with a workforce of four employees, partners with industry leaders to deliver therapeutic medications at no cost, managing patient assistance program eligibility processes on behalf of pharmaceutical companies and providing information to those ineligible for Harborpath services on how to access treatment. Harborpath reconnects patients to state-funded drug assistance programs when possible and directly impacts patients' lives at both the community and national levels.
Official website here: www.harborpath.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Harborpath Inc has achieved a Three-Star rating from Charity Navigator, reflecting its accountability and financial health. The score is based entirely on the Accountability & Finance beacon, where the organization has excelled in various metrics such as independent board membership and asset management. The high marks in areas like conflict of interest policy and document retention highlight its commitment to transparency.
The organization demonstrates a strong governance structure, with a fully independent board and robust policies in place. These factors contribute positively to its financial integrity, evidenced by a favorable liabilities to assets ratio and program expense ratio, which indicates effective allocation of resources towards its mission.
However, the charity faces challenges in fundraising efficiency, with a notably low ratio that may impact its ability to generate revenue for its programs. Additionally, a relatively low working capital ratio suggests potential liquidity concerns. Overall, while Harborpath Inc shows strong accountability, its fundraising strategy may require reevaluation to enhance financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Harborpath Inc legitimate?
Harborpath Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harborpath Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $142,306
Professional Fundraising Fees: $0
Other Salaries and Wages: $164,083
For more financial information, click here
Official website here: www.harborpath.org
What is the mission statement of Harborpath Inc?
Harborpath Inc is a non-profit organization dedicated to ensuring timely access to critical medications for uninsured individuals living with life-threatening and chronic conditions such as HIV/AIDS, hepatitis, and opioid substance use disorders. The mission of Harborpath is to streamline the process of obtaining these essential medicines, acting as a one-stop-shop for those in need. The organization serves qualified low-income uninsured individuals throughout the United States, offering a seamless solution to bridge the medication gap for those receiving care and treatment for these conditions. Harborpath's partnerships with industry leaders enable it to directly impact the lives of patients suffering from HIV/AIDS, hepatitis, and opioid substance use disorders at both the community and national levels. The organization manages patient assistance program eligibility processes on behalf of pharmaceutical companies, delivers medications to patients, prescribers, or clients, and provides information to those ineligible for Harborpath services on how to access treatment.
Official website here: www.harborpath.org
Who is the CEO of Harborpath Inc?
Ken Trogdon is the Chair of Harborpath Inc.
Official website here: www.harborpath.org
What is the revenue of Harborpath Inc?
Harborpath Inc's revenue in 2022 was $22,797,350.
Official website here: www.harborpath.org
Who are the executives of Harborpath Inc and what are their salaries?
The average compensation at Harborpath Inc during 2022 was $76,597. There are 4 employees at Harborpath Inc.
Here are 7 key members and their salaries:
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- Compensation: $135,739
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- Other: $6,567
Official website here: www.harborpath.org
Where can I find the form 990 for Harborpath Inc?
Harborpath Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harborpath.org
Learn more at the official website: www.harborpath.org
Mission Statement of Harborpath Inc
Harborpath Inc, a South Carolina-based nonprofit organization, is dedicated to ensuring timely access to critical medications for uninsured individuals living with life-threatening and chronic conditions, such as HIV/AIDS, hepatitis, and opioid substance use disorders. The mission of Harborpath is to streamline the process of delivering therapeutic medications at no cost, providing a one-stop-shopping solution for those in need.
Harborpath serves qualified low-income uninsured individuals throughout the United States, enabling care providers and treatment facilities to bridge the medication gap for the uninsured. By partnering with industry leaders, Harborpath aims to make a significant impact on the lives of patients suffering from HIV/AIDS, hepatitis, and opioid substance use disorders at both the community and national levels.
The organization offers several programs designed to help uninsured individuals access essential medications. Harborpath manages the patient assistance program eligibility process on behalf of pharmaceutical companies, ensuring that eligible patients receive the necessary assistance. Additionally, the organization delivers medications directly to patients, prescribers, or clients, and reconnects them to state-funded drug assistance programs when possible. Harborpath also provides valuable information to individuals who are ineligible for their services, guiding them towards alternative treatment options.
In summary, Harborpath Inc is a compassionate nonprofit organization that bridges the gap in accessing critical medications for uninsured individuals battling life-threatening and chronic conditions, such as HIV/AIDS, hepatitis, and opioid substance use disorders. By streamlining the process and partnering with industry leaders, Harborpath enables care providers to deliver essential medications, ultimately improving the lives of those in need.
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Impact
October, 2024
Harborpath Inc makes a significant impact by facilitating timely access to essential medications for uninsured individuals facing life-threatening and chronic health conditions, including HIV/AIDS, hepatitis, and opioid substance use disorders. Through its streamlined processes, the organization effectively bridges the medication gap for these vulnerable populations, ensuring that they receive critical therapeutic interventions without financial barriers.
By acting as a centralized resource, Harborpath simplifies the complex landscape of medication access. It handles the eligibility processes for patient assistance programs on behalf of pharmaceutical companies, allowing healthcare providers to focus on treatment rather than administrative hurdles. This one-stop-shop approach reduces the burden on patients and providers, enhances care coordination, and ultimately improves health outcomes.
Moreover, Harborpath's partnerships with industry leaders amplify its reach and effectiveness. By directly impacting the lives of patients both at the community and national levels, the organization not only influences individual health trajectories but also contributes to broader public health efforts. By reconnecting individuals to state-funded drug assistance programs and providing crucial information to those ineligible for its services, Harborpath ensures that awareness and access to treatment options remain a priority.
In summary, Harborpath Inc plays a vital role in improving healthcare access for uninsured individuals suffering from serious health conditions, fostering a healthier and more equitable society.
This information is meant to be a general summary of Harborpath Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $317,176
- Gross Receipts: $22,797,350
Assets and Liabilities:
- Total Assets: $2,806,639
- Total Liabilities: $393,500
- Net Assets: $2,413,139
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESCRIPTION FEE INCOME
Revenue
$311,654
SERVICE INCOME
Revenue
$5,522
Organization Details
Founding Year
2012
Phone
(980) 859-3483Principal Officer
Ken Trogdon
Main Address
8000 CORPORATE CENTER DRIVE 200, CHARLOTTE, NC, 28226
Website
www.harborpath.orgNTEE Category
Code: G81 - Disease
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