CharityWatch reduces the grade of any charity that has available assets equal to three to five years of operating expenses. Charities with "years of available assets" of more than five years receive an "F" grade regardless of other measurements. In CharityWatch's view, a reserve of less than three years is reasonable and does not affect a charity's grade. These reductions in grades are based solely on the charities' asset reserves as compared to budget. The CharityWatch definition of "years of available assets" includes funds currently available for the charity's use, including investments that the charity has set aside as a reserve but could choose to spend if it wanted to do so. Undue Medical Debt's letter grade rating has been downgraded because it has 3 or more years of available assets.
See Our Process to learn more about how CharityWatch considers a charity’s asset reserves and the High Asset List for a list of charities whose ratings have been reduced due to high assets.
| Entity | Document Type | Tax ID |
|---|---|---|
| Undue Medical Debt | Audited Financial Statements | 47-1442997 |
| Undue Medical Debt | IRS Form 990 | 47-1442997 |
|
Entity: Undue Medical Debt Document Type: Audited Financial Statements Tax ID: 47-1442997 |
|
Entity: Undue Medical Debt Document Type: IRS Form 990 Tax ID: 47-1442997 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Allison Sesso | CEO / President | $325,961 |
| 2 | Ruth Lande | VP Hospital Relations | $304,925 |
| 3 | David Reynolds | VP Info Systems | $244,572 |
|
1 Name: Allison Sesso Title: CEO / President Compensation: $325,961 |
|
2 Name: Ruth Lande Title: VP Hospital Relations Compensation: $304,925 |
|
3 Name: David Reynolds Title: VP Info Systems Compensation: $244,572 |
According to the Undue Medical Debt (UMD) audit of December 31, 2023 (Note 18, Subsequent Events, Change of Name): "Since filing a certificate of assumed name with the state of New York on April 9, 2024, the Organization has been doing business as Undue Medical Debt." |
According to the Undue Medical Debt (UMD) audit of December 31, 2023 (Note 12, Contributions of Nonfinancial Assets): UMD received in-kind contributions during the fiscal year-ended December 31, 2023, on which it placed a total value of $522,058. Of this amount, $446,033 and $76,025 was attributed to "pro-bono public relations services" and "use of facilities," respectively. [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 Undue Medical Debt (UMD) audit of December 31, 2023 (Note 14, Concentrations): "...During the year ended December 31, 2023, one single contributor accounted for more than 5% of the Organization's total revenue (excluding contributed nonfinancial assets)..." "During December 2022, one single contributor accounted for more than 70% of the Organization's total revenue (excluding contributed nonfinancial assets)." |
According to the Undue Medical Debt (UMD) audit of December 31, 2023 (Note 16, Related Party Transactions): "...During the years ended December 31, 2023 and 2022, the Organization paid consulting fees totaling $99,000 to a consulting firm, the founder and CEO of which is an immediate family member of an individual on the Organization's board of directors." According to the Undue Medical Debt (UMD) tax filing of December 31, 2023, IRS Form 990, Schedule L, Part IV, Business Transactions Involving Interested Persons: The "Name of interested person" is reported as "Dini Von Mueffling Consulting." The "Relationship between interested person and the organization" is reported as "Family member of Chairman." The "Amount of transaction" is reported as "99,000." The "Description of transaction" is reported as "Consultant." According to the Undue Medical Debt (UMD) tax filing of December 31, 2023, IRS Form 990, Schedule L, Part V, Supplemental Information: "The owner of Dini Von Mueffling Consulting is a family member of the Board Chairman and the Board Secretary." |
According to the Undue Medical Debt (UMD) tax filing for the fiscal year ended December 31, 2023, UMD reports re: Supplemental Information to Form 990 or 990-EZ (IRS Form 990, Schedule O): Regarding family or business relationships among officers, directors, trustees, or key employees (IRS Form 990, Part VI, Section A, Line 2): "Ted Sann, Director and Secretary, is the brother-in-law of William Von Mueffling, Director and Board Chair." |