HealthRight International

CharityWatch's rating of HealthRight International also includes the financial activities of its wholly owned subsidiary, the Ukranian Foundation for Public Health, which are consolidated in the organization's audited financial statements for the fiscal year ended December 31, 2018. All significant intercompany accounts and transactions between the entities have been eliminated in the audit consolidation.

According to the HealthRight International consolidated audit of December 31, 2018 (Note 1, Nature of Operations):

"The Ukranian Foundation facilitates related efforts to improve health and support services for vulnerable populations for the purpose of resource mobilization for developing, supporting, and providing charitable care and support to vulnerable and at-risk population groups... The Ukranian Foundation is a charitable organization incorporated by HealthRight in Ukraine and is regulated by the Constitution of Ukraine and the Law of Ukraine on charity and charitable organizations."

Also according to the HealthRight International 2018 consolidated audit (Note 12, Acquisition of Peter C. Alderman Foundation, Inc.):

"On April 20, 2018, the Organization acquired Peter C. Alderman Foundation, Inc. ('PCAF'), a New York nonprofit organization that worked with survivors of terrorism and mass violence by training indigenous health workers and establishing trauma treatment systems in post-conflict countries around the globe. HealthRight's primary reason for acquiring PCAF was to better meet the mental health needs of the marginalized communities they served around the world and greatly enhance HealthRight's ability to deliver comprehensive, transformational health solutions. HealthRight assumed the rights, title and interest of all assets and liabilities of PCAF and HealthRight did not pay for PCAF's assets and liabilities.

"Five of PCAF's board members joined HealthRight's board..."

HealthRight reports $977,897 in total assets and liabilities acquired from PCAF, including $742,629 in cash.

[For a link to the April 23, 2018 news release announcing the Peter C. Alderman Foundation merger, see the "Articles & Alerts" section, below.]

According to the HealthRight International consolidated audit of December 31, 2018 (Note 11, Going Concern):

"... [T]he Organization showed a balance of $(633,249) in its unrestricted net assets as of December 31, 2018. This factor would create uncertainty about the Organization as a going concern. The board of directors of the Organization has evaluated this condition and determined that a two million dollar multi-year grant award and other grants won in 2019 as well as cost saving initiatives alleviates this uncertainty."

According to the HealthRight International consolidated audit of December 31, 2018 (Note 2 re: Donated Goods and Services), HealthRight received contributed services (medical evaluations) during 2018 on which it placed a total value of $295,244.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the HealthRight International consolidated audit of December 31, 2018 (Note 10, Affiliation Agreement):

"The Organization entered into an Affiliation Agreement (the 'Agreement') with New York University ('NYU'), an unrelated not-for-profit education corporation in February 2014.

"The Agreement creates an affiliation between the Organization and NYU (the 'Affiliation') to work together to facilitate NYU faculty and student opportunities for applied research, an expanded curriculum, and enhanced in-service learning in the field of global public health. The Organization will benefit from the Affiliation by securing its U.S. operations, and gaining the involvement of specialists and researchers in its programs, with the Organization's belief that the presence of an operating global non-governmental, non-profit organization on a university campus is an innovative, exciting and cost-effective approach which offers both parties to this agreement expanded opportunities to accomplish their independent but complementary missions. The leaders of both parties have concluded that the Affiliation is beneficial to both.

"The Affiliation revolves around seven (7) key elements, all working toward a common goal of building lasting access to health for excluded communities. These elements are based on the foundational element that both NYU and the Organization remain as separate, independent organizations..."