Overview
What is Melita Christian Fellowship Hospital Aid Plan?
Melita Christian Fellowship Hospital Aid Plan is a healthcare sharing ministry based in Tempe, Arizona, founded by the Melita Christian Fellowship and expanding to include individuals following Catholic social teachings. With a shared religious faith and a common goal of mutual aid and financial sharing, the organization assists members in accessing medical care, applying a hybrid repricing strategy to reduce medical expenses. This includes reference-based discounts, medical bill review, single case agreements, and preferred provider relationships. The ministry also provides services for care navigation, care coordination, nurse medical review, balance bill defense, pastoral care support, and member education. Members contribute monthly, and the funds are now held in individual accounts managed by a third-party credit union. The revenue of the organization does not include the money deposited in these member accounts. Since its inception, the ministry has facilitated the voluntary sharing of over $120 million among members, covering over $300 million of medical expenses while advocating for transparent pricing in the healthcare marketplace.
Official website here: www.solidarityhealthshare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Melita Christian Fellowship Hospital Aid Plan has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The overall score is derived solely from the Accountability & Finance beacon, showing that the organization prioritizes transparency and responsible governance. Key strengths include a high percentage of independent board members and a strong program expense ratio, reflecting effective allocation of funds towards its mission.
The organization demonstrates commendable practices with a conflict of interest policy, whistleblower policy, and documented board meeting minutes, which are all in place. Additionally, there are no reported material diversions of assets, further showcasing its commitment to ethical operations. The presence of a listed website on its tax form enhances its transparency to stakeholders.
However, the liabilities to assets ratio is at 56.03%, which may raise some concerns regarding financial leverage. While the program expense ratio is impressive, the balance sheet indicates that the organization may need to monitor its financial obligations closely. Overall, Melita Christian Fellowship Hospital Aid Plan shows a solid performance but should remain vigilant about its financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Melita Christian Fellowship Hospital Aid Plan legitimate?
Melita Christian Fellowship Hospital Aid Plan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melita Christian Fellowship Hospital Aid Plan 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: $753,425
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,365,164
For more financial information, click here
Official website here: www.solidarityhealthshare.org
What is the mission statement of Melita Christian Fellowship Hospital Aid Plan?
The Melita Christian Fellowship Hospital Aid Plan is a healthcare sharing ministry that offers an alternative way for members to fund their healthcare costs while adhering to their Catholic beliefs. The organization, which was initially established by the Melita Christian Fellowship, has expanded to include individuals who follow Catholic social teachings. Members join together through shared religious faith and a common goal of mutual aid and financial sharing.
Informed by Catholic social teaching, the ministry assists its members in accessing medical care, even after a medical condition arises. The organization's hybrid pricing strategy, including reference-based discounts, medical bill review, single case agreements, and preferred provider relationships, helps reduce the total cost of medical expenses for its members.
The ministry provides various services to its members to facilitate access to medical care, including a hybrid pricing strategy, care navigation, care coordination, nurse medical review, balance bill defense, pastoral care support, and member education. Members submit eligible medical bills to the organization for sharing, which consists of their monthly contributions and an annual unshared amount paid directly to medical providers. The ministry successfully implemented a new suite of software in 2020 to better meet the needs of its members.
Official website here: www.solidarityhealthshare.org
Who is the CEO of Melita Christian Fellowship Hospital Aid Plan?
Christopher Faddis is the Chairman And President of Melita Christian Fellowship Hospital Aid Plan. The CEO's salary of Melita Christian Fellowship Hospital Aid Plan is $322,774 and their total compensation is $322,774.
Official website here: www.solidarityhealthshare.org
What is the revenue of Melita Christian Fellowship Hospital Aid Plan?
Melita Christian Fellowship Hospital Aid Plan's revenue in 2022 was $18,893,002.
Official website here: www.solidarityhealthshare.org
Who are the executives of Melita Christian Fellowship Hospital Aid Plan and what are their salaries?
The average compensation at Melita Christian Fellowship Hospital Aid Plan during 2022 was $38,032. There are 82 employees and 5 volunteers at Melita Christian Fellowship Hospital Aid Plan.
Here are 9 key members and their salaries (Melita Christian Fellowship Hospital Aid Plan's CEO's salary is $322,774 and their total compensation is $322,774):
- Compensation: $247,688
- Related: $0
- Other: $0
- Compensation: $322,774
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $182,964
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $225,238
- Related: $0
- Other: $0
Official website here: www.solidarityhealthshare.org
Where can I find the form 990 for Melita Christian Fellowship Hospital Aid Plan?
Melita Christian Fellowship Hospital Aid Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.solidarityhealthshare.org
Learn more at the official website: www.solidarityhealthshare.org
Mission Statement of Melita Christian Fellowship Hospital Aid Plan
Melita Christian Fellowship Hospital Aid Plan, a healthcare sharing ministry, strives to provide an alternative means of funding healthcare costs while upholding and practicing Catholic beliefs. Founded by the Melita Christian Fellowship, this organization has since expanded to include individuals who adhere to Catholic social teachings. Members come together, united by their shared faith and commitment to mutual aid and financial sharing.
The belief that Christians, and particularly Catholics, should concern themselves with both the spiritual and physical wellbeing of individuals led to the establishment of this organization. Informed by Catholic social teaching, Melita Christian Fellowship Hospital Aid Plan assists its members in accessing medical care, even after they have developed a medical condition. Through a hybrid repricing strategy, the organization employs reference-based discounts on medical bills, medical bill review, single case agreements, and preferred provider relationships to reduce the overall cost of medical expenses for its members.
Additionally, Melita Christian Fellowship Hospital Aid Plan offers services to facilitate medical care access. These include care navigation, care coordination, nurse medical review, balance bill defense, pastoral care support, and member education. The organization's members submitted over $75 million in eligible medical bills for sharing, with discounting efforts reducing the bills by 66%. These efforts aim to protect the conscience rights of its members and promote the common good by advocating for transparent pricing in the healthcare marketplace.
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Impact
October, 2024
Melita Christian Fellowship Hospital Aid Plan significantly impacts its members by providing a structured, faith-based approach to managing healthcare costs. Members, united by their commitment to Catholic social teachings, benefit from a community-driven system that not only encourages mutual support but also facilitates access to medical care, even when pre-existing conditions arise.
The organization utilizes a hybrid repricing strategy, incorporating reference-based discounts, medical bill reviews, and single case agreements. This ensures that the eligible medical expenses submitted—amounting to $75,453,269—are substantially reduced, with a remarkable 66% decrease, bringing the total shareable expenses down to approximately $24,860,509. This strategy not only alleviates financial burdens for individuals but also empowers members through shared responsibility in their health journey.
Since its inception, the initiative has fostered voluntary sharing of over $120 million among members, addressing more than $300 million in medical expenses, thus underscoring a tangible commitment to community welfare and care coordination. Additionally, the organization prioritizes transparency in healthcare costs, advocating for clearer pricing structures to benefit all members.
By depositing member contributions into individual accounts managed by a third-party credit union, Melita ensures that these funds are securely and effectively allocated for mutual aid purposes. The introduction of enhanced software systems, including virtual share exchanges and member care portals, has further improved service delivery, empowering members to manage their healthcare needs more efficiently.
Ultimately, the Melita Christian Fellowship Hospital Aid Plan creates not only financial assistance but also a supportive environment that upholds the principles of faith, care, and community, effectively addressing the healthcare needs of its members within a moral framework.
This information is meant to be a general summary of Melita Christian Fellowship Hospital Aid Plan. 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: $18,778,381
- Gross Receipts: $18,893,002
Assets and Liabilities:
- Total Assets: $4,615,734
- Total Liabilities: $2,586,309
- Net Assets: $2,029,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATIONS INCOME
Revenue
$18,778,381
Organization Details
Founding Year
2015
Phone
(844) 313-4999Principal Officer
Christopher Faddis
Main Address
4500 S LAKESHORE DRIVE 130, TEMPE, AZ, 85282
NTEE Category
Code: X02 - Religion related
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