Overview
What is Elevance Health Cares Inc?
Elevance Health Cares Inc is a charitable organization primarily established to provide emergency financial assistance to employees of Elevance Health Inc., along with their spouses or eligible dependents, who face hardships due to qualified disasters, personal crises, or other emergencies. Based in Indianapolis, Indiana, this nonprofit aims to create positive impacts in the communities it serves by fostering long-term relationships and supporting various charitable, educational, and other programs and projects. Elevance Health Cares Inc operates exclusively to further such initiatives, as outlined in its mission statement.
Official website here: www.elevancehealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. This rating indicates that Elevance Health Cares Inc has some strengths but also notable weaknesses in accountability and transparency. With an Accountability & Finance score of 71, the organization demonstrates a commitment to financial oversight, as evidenced by its strong score in audit and oversight practices.
However, there are significant concerns regarding governance, as the organization has no independent board members, which impacts its overall accountability. Additionally, several key policies and transparency measures are missing, including a whistleblower policy and document retention practices. The absence of a website listed on the tax form and the lack of tax form postings on its website further highlight these limitations.
On a positive note, Elevance Health Cares Inc shows robust financial health, reflected in a low liabilities to assets ratio of 0.47% and a high program expense ratio of 77.43%, indicating that a substantial portion of its expenditures directly supports its programs. Overall, while the organization performs well in some financial aspects, its governance practices and transparency measures require significant improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Elevance Health Cares Inc legitimate?
Elevance Health Cares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevance Health Cares 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: $241,883
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.elevancehealth.com
What is the mission statement of Elevance Health Cares Inc?
Elevance Health Cares Inc, as an organization, is dedicated to facilitating positive outcomes in the communities it serves by nurturing long-term relationships. Its primary purpose is to conduct, support, and encourage charitable, educational, and other programs and projects. The organization operates with a focus on charitable activities, as outlined in its mission statement. Furthermore, Elevance Health Cares Inc has established an emergency relief fund, known as the Elevance Health Cares Fund, to provide financial assistance to employees and their eligible dependents in times of need due to qualified disasters, personal hardships, or other emergencies.
Official website here: www.elevancehealth.com
What is the revenue of Elevance Health Cares Inc?
Elevance Health Cares Inc's revenue in 2023 was $1,430,786.
Official website here: www.elevancehealth.com
Who are the executives of Elevance Health Cares Inc and what are their salaries?
The average compensation at Elevance Health Cares Inc during 2023 was $241,883. There is 1 employee and 13 volunteers at Elevance Health Cares Inc.
Here are 10 key members and their salaries:
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- Compensation: $120,942
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Official website here: www.elevancehealth.com
Where can I find the form 990 for Elevance Health Cares Inc?
Elevance Health Cares Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.elevancehealth.com
Learn more at the official website: www.elevancehealth.com
Mission Statement of Elevance Health Cares Inc
Elevance Health Cares Inc is dedicated to making a positive impact in the communities it serves. Their mission is to foster long-term relationships and support various charitable, educational, and other programs and projects. The organization is organized and operated exclusively for this purpose, as outlined in their mission statement. Elevance Health Cares Inc is committed to conducting and assisting in these initiatives, working towards the betterment of the communities they serve.
In addition to their mission, Elevance Health Cares Inc has established an emergency relief fund for employees of Elevance Health Inc. and their eligible dependents. This fund provides financial assistance to those in need due to qualified disasters, personal hardships, or other emergencies. This initiative underscores the organization's commitment to supporting its community and its employees during times of need. In summary, Elevance Health Cares Inc is a charitable organization that aims to improve the communities it serves through various programs and projects, and provides emergency financial aid to its employees in times of crisis.
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Impact
July, 2024
Elevance Health Cares Inc's impact is significant in fostering positive outcomes in the communities it serves by creating long-term relationships. Through its emergency relief fund, the organization offers financial assistance to employees of Elevance Health Inc. and their families during qualified disasters, personal hardships, or other emergencies. Elevance Health Cares Inc plays a crucial role in supporting and encouraging charitable, educational, and other projects that aim to improve public safety and well-being.
This information is meant to be a general summary of Elevance Health Cares 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 2023.
- Investment Income: $179,194
- Gross Receipts: $1,430,786
Assets and Liabilities:
- Total Assets: $4,757,377
- Total Liabilities: $22,405
- Net Assets: $4,734,972
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Organization Details
Founding Year
2018
Principal Officer
Michael Lockard
Website
www.elevancehealth.comNTEE Category
Code: M20 - Public safety
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