GOLD2022

Healthcare Ready

We work with public & private sectors to strengthen healthcare systems before, during, after disasters.

Washington, DC   |  https://healthcareready.org
GuideStar Charity Check

Healthcare Ready

EIN: 46-3134601


Mission

HEALTHCARE READY LEVERAGES UNIQUE RELATIONSHIPS WITH GOVERNMENT, NONPROFIT AND MEDICAL SUPPLY CHAINS TO BUILD AND ENHANCE THE RESILIENCY OF COMMUNITIES BEFORE, DURING AND AFTER DISASTERS.

Ruling year info

2013

Executive Director

Tom Cotter

Main address

1325 G St NW

Washington, DC 20005 USA

Show more contact info

EIN

46-3134601

Subject area info

Medical support services

Population served info

Ethnic and racial groups

Immigrants and migrants

Economically disadvantaged people

People with disabilities

People with diseases and illnesses

NTEE code info

Health Support Services (E60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Safeguarding communities: Building capacity and strengthening communities and healthcare systems

We take the difficult lessons learned from the devastation of the poorer neighborhoods of New Orleans during Hurricane Katrina, among others, and use that knowledge to build capacity and strengthen the resilience of these communities and their healthcare systems before disasters strike. Healthcare Ready wants all residents, regardless of income status, location, or the size of their resilience account, to have the same chance to survive and thrive after a crisis hits.

Our goal is to create resilient neighborhoods that don’t need outside help after a disaster hits; ones whose strong health infrastructure allows them to bounce back from a crisis and avoid devastating outcomes.

We believe in the power of coordination – specifically among public-private partnerships – to accomplish this goal. We do this by working with industry partners such as PhRMA, BIO, AAM, HDA, NACDS, AmerisourceBergen, Cardinal Health, and many others, and government agencies across the nation.

Population(s) Served

Where we work

Financials

Healthcare Ready
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

7.71

Average of 16.83 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

10.4

Average of 10.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Healthcare Ready

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Healthcare Ready

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Healthcare Ready

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Healthcare Ready’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$163,382 -$213,625 $1,589,681 $665,891 -$919,889
As % of expenses -14.7% -17.1% 87.8% 32.1% -40.7%
Unrestricted surplus (deficit) after depreciation -$163,382 -$213,625 $1,589,681 $665,891 -$919,889
As % of expenses -14.7% -17.1% 87.8% 32.1% -40.7%
Revenue composition info
Total revenue (unrestricted & restricted) $945,044 $1,048,540 $3,400,001 $3,148,420 $1,341,526
Total revenue, % change over prior year 165.2% 11.0% 224.3% -7.4% -57.4%
Program services revenue 62.8% 69.7% 89.7% 12.6% 4.0%
Membership dues 27.5% 24.8% 10.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 27.7% 51.7%
All other grants and contributions 9.0% 5.2% 0.3% 59.7% 44.1%
Other revenue 0.7% 0.4% 0.0% 0.0% 0.2%
Expense composition info
Total expenses before depreciation $1,108,426 $1,249,664 $1,810,320 $2,074,340 $2,261,415
Total expenses, % change over prior year 115.0% 12.7% 44.9% 14.6% 9.0%
Personnel 42.3% 35.2% 41.4% 58.4% 57.9%
Professional fees 28.6% 40.0% 26.4% 32.8% 25.9%
Occupancy 2.9% 5.0% 3.3% 3.3% 4.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 26.2% 19.8% 28.9% 5.5% 11.9%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,108,426 $1,249,664 $1,810,320 $2,074,340 $2,261,415
One month of savings $92,369 $104,139 $150,860 $172,862 $188,451
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,200,795 $1,353,803 $1,961,180 $2,247,202 $2,449,866

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 4.2 3.6 15.0 15.3 10.4
Months of cash and investments 4.2 3.6 15.0 15.3 10.4
Months of estimated liquid unrestricted net assets 4.9 2.3 12.1 14.4 8.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $388,605 $373,080 $2,269,138 $2,645,947 $1,956,110
Investments $0 $0 $0 $0 $0
Receivables $111,753 $86,459 $128,745 $320,036 $111,109
Gross land, buildings, equipment (LBE) $23,963 $23,963 $23,963 $23,963 $23,963
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 12.1% 50.3% 24.4% 2.8% 11.4%
Unrestricted net assets $448,460 $234,835 $1,824,516 $2,490,407 $1,570,518
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $408,189 $408,189
Total net assets $448,460 $234,835 $1,824,516 $2,898,596 $1,978,707

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Tom Cotter

Number of employees

Source: IRS Form 990

Healthcare Ready

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

Healthcare Ready

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Healthcare Ready

Board of directors
as of 07/07/2022
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Perry Fri

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.