Overview
What is Healthshare Connection?
Healthshare Connection is a nonprofit organization based in Frisco, Texas, with the primary mission of providing a cost-effective means for individuals to share their medical expenses. The organization ensures that 90% of donations received are allocated towards covering medical costs for its members. By limiting its expenses to 10% of membership dues collected, Healthshare Connection covers network and administrative fees for its medical expense sharing programs and manages expense payment administration.
Is Healthshare Connection legitimate?
Healthshare Connection is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthshare Connection 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Healthshare Connection?
Healthshare Connection was established with the goal of providing a cost-effective solution for individuals to share their medical expenses. Nearly 90% of donations received are allocated towards covering the medical expenses of its members. The organization has kept its operational expenses to a minimum, accounting for only 10% of the membership dues collected. These fees are utilized to cover network and administrative costs associated with the medical expense-sharing programs, as well as to manage the payment process for these expenses.
Who is the CEO of Healthshare Connection?
Thomas Cole is the Director of Healthshare Connection.
What is the revenue of Healthshare Connection?
Healthshare Connection's revenue in 2022 was $371,661.
Who are the executives of Healthshare Connection and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Healthshare Connection?
Healthshare Connection's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Healthshare Connection
Healthshare Connection, established with a mission, aims to provide a cost-effective solution for individuals to share their medical expenses. The organization ensures that 90% of the donations it receives directly contributes to the medical expenses of its members. To maintain its operations at a minimal cost, Healthshare Connection limits its expenses to 10% of the membership dues collected. These fees cover various expenses, including network and administration fees for the medical expense sharing programs and the cost of administering the expense payments. In essence, Healthshare Connection serves as a platform that allows people to pool their resources to help each other cover their medical bills, ensuring financial assistance when needed.
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Impact
October, 2024
Healthshare Connection has made a significant impact by providing an affordable platform for individuals to share and support each other with medical expenses. By directing 90% of all donations towards members' medical costs, it fosters a community-oriented approach to healthcare, enabling participants to manage their expenses more effectively.
The organization has strategically limited its operational costs to just 10% of membership dues, ensuring that the majority of funds are utilized for direct medical assistance. This financial model not only enhances the accessibility of healthcare for its members but also promotes transparency in how funds are allocated. Overall, Healthshare Connection plays a crucial role in alleviating the financial burden of medical expenses for many individuals and families, creating a supportive network that prioritizes health and wellbeing.
This information is meant to be a general summary of Healthshare Connection. 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.
- Gross Receipts: $371,661
Assets and Liabilities:
- Total Assets: $177,165
- Total Liabilities: $0
- Net Assets: $177,165
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Organization Details
Founding Year
2020
Phone
(725) 222-4552Principal Officer
Thomas Cole
Main Address
7000 PARKWOOD BLVD STE G400, FRISCO, TX, 75034
NTEE Category
Code: Z99 - Unknown
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