Totals
- Total revenue
- $15,126,016
- Total expenses
- $14,743,681
- Contributions and grants received
- $281,800
- Grants paid
- $3,750
- Program service revenue
- $13,545,891
- Investment income
- $1,298,325
- Other revenue
- $0
- Total assets, end of year
- $39,250,049
- Total liabilities, end of year
- $16,198,527
- Net assets or fund balances, end of year
- $23,051,522
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$281,800
-
2a · Program service revenue: Membership dues
total $7,146,204 · related or exempt $7,146,204
-
2b · Program service revenue: Conferences
total $4,615,917 · related or exempt $3,185,113 · excluded $1,430,804
-
2c · Program service revenue: Corporate partnerships
total $1,712,000 · related or exempt $1,712,000
-
2d · Program service revenue: Public relations
total $50,000 · related or exempt $50,000
-
2e · Program service revenue: Webinars and other
total $17,675 · related or exempt $17,675
-
2f · All other program service revenue
total $4,095 · unrelated business $4,095
-
3 · Investment income
total $968,613 · excluded $968,613
-
7a · Gross sales of assets other than inventory
securities $7,297,534 · other assets $8,537
-
7b · Less cost or other basis and sales expenses
securities $6,976,359 · other assets $0
-
7c · Gain or loss
securities $321,175 · other assets $8,537
-
7d · Net gain or loss
total $329,712 · excluded $329,712
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,750
-
5 · Compensation of officers, directors and key employees
total $1,447,855
-
6 · Compensation of disqualified persons
total $261,600
-
7 · Other salaries and wages
total $4,075,258
-
8 · Pension plan contributions
total $168,603
-
9 · Other employee benefits
total $272,265
-
10 · Payroll taxes
total $339,673
-
11b · Fees: legal
total $685,296
-
11c · Fees: accounting
total $104,119
-
11d · Fees: lobbying
total $385,352
-
11f · Fees: investment management
total $67,721
-
11g · Fees: other
total $1,445,265
-
12 · Advertising and promotion
total $1,776,753
-
13 · Office expenses
total $441,974
-
14 · Information technology
total $182,655
-
16 · Occupancy
total $689,933
-
17 · Travel
total $172,590
-
19 · Conferences, conventions and meetings
total $1,627,404
-
22 · Depreciation, depletion and amortization
total $149,882
-
23 · Insurance
total $33,795
-
24a · Other expenses: Licenses and fees
total $359,432
-
24b · Other expenses: Publications
total $44,694
-
24c · Other expenses: Taxes
total $7,812
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,409,233 · end of year $2,755,109
-
4 · Accounts receivable
beginning of year $1,958 · end of year $546
-
9 · Prepaid expenses and deferred charges
beginning of year $423,697 · end of year $384,763
-
10a · Land, buildings and equipment: cost or other basis
$951,565
-
10b · Land, buildings and equipment: accumulated depreciation
$382,427
-
10c · Land, buildings and equipment, net
beginning of year $710,483 · end of year $569,138
-
11 · Investments: publicly traded securities
beginning of year $26,127,480 · end of year $30,359,091
-
15 · Other assets
beginning of year $5,306,717 · end of year $5,181,402
-
17 · Accounts payable and accrued expenses
beginning of year $550,263 · end of year $743,230
-
19 · Deferred revenue
beginning of year $8,345,945 · end of year $8,899,178
-
23 · Secured mortgages and notes payable
beginning of year $9,689 · end of year $4,080
-
25 · Other liabilities
beginning of year $5,698,933 · end of year $6,552,039
-
27 · Net assets without donor restrictions
beginning of year $21,032,243 · end of year $22,769,722
-
28 · Net assets with donor restrictions
beginning of year $342,495 · end of year $281,800
Mission and programs · 2024
Mission
The mission of the Association is to be the leading 340B advocate and resource supporting hospitals in their mission to serve low income, underserved and rural patients.
Activities or mission (Part I)
Be the leading 340B advocate and resource supporting hospitals in their mission to serve low income, underserved, and rural patients.
-
Education: 340B Health helps hospitals, health systems, pharmacies, and others understand the requirements of 340B and to facilitate compliance with its rules and regulations. 340B Health provides education through a webinar series, online tools and resources, and weekly newsletters. 340B Health also provides one-on-one technical assistance, upon members' requests. 340B Health works to keep its members and stakeholders informed about legislative and regulatory changes to 340B via various electronic communications and the www.340Bhealth.org website. 340B Health organizes the 340B coalition's annual winter and summer conferences (www.340Bwinterconference.org and www.340Bsummerconference.org) featuring discussions about compliance, other operational matters, public policy, and related activity. 340B Health provides member hospitals with information to help identify best practices in compliance and program development. Our "340B Exchange" allows hospitals to discuss emerging trends, concerns, and ideas. The organization's research helps identify examples of how hospitals are addressing key areas of health care such as social determinants of health and approaches to prevention of the misuse of opioids.
-
Advocacy: 340B Health works with and on behalf of our members to represent their interests and concerns before Congress, the executive branch, and the courts to ensure policymakers understand the 340B drug pricing program's intent, requirements, value, and role in advancing healthy patients and communities. 340B Health conducts independent research regarding the impact and effectiveness of 340B and works with its members to create profiles of how 340B savings are used to improve patient care. 340B health advocates for changes in policy necessary to improve 340B and its impact.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen L Bowling
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Charlton Park
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Matthew J Perry
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Roben Casey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Lynch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Adrian Moran
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Jenny
Director
- Total calculated
- $0
- Hours/week
- 1
-
Onisis Stefas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Meetali Desai
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sumona DasGupta
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marjorie Lazarre
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Loftus
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marva Williams-Lowe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beth Feldpush
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patt Vilt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rosland McLeod
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nick Gnadt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Mollo
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Testoni
President and CEO
- Total calculated
- $876,512
- From this org
- $699,363
- From related orgs
- $0
- Other
- $177,149
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $581,230
- Bonus
- $116,573
- Other
- $1,560
- Deferred
- $138,758
- Nontaxable benefits
- $38,391
- Filer's total
- $876,512
-
Patrick McGary
SVP of Operations
- Total calculated
- $300,400
- From this org
- $259,921
- From related orgs
- $0
- Other
- $40,479
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $243,618
- Bonus
- $15,249
- Other
- $1,054
- Deferred
- $15,249
- Nontaxable benefits
- $25,230
- Filer's total
- $300,400
-
Michael Hess
VP of Operations
- Total calculated
- $270,943
- From this org
- $252,063
- From related orgs
- $0
- Other
- $18,880
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,286
- Bonus
- $16,444
- Other
- $333
- Deferred
- $14,095
- Nontaxable benefits
- $4,785
- Filer's total
- $270,943
-
Tom O'Donnell
SVP of Government Relations
- Total calculated
- $402,111
- From this org
- $361,404
- From related orgs
- $0
- Other
- $40,707
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $319,801
- Bonus
- $39,400
- Other
- $2,203
- Deferred
- $18,718
- Nontaxable benefits
- $21,989
- Filer's total
- $402,111
-
Jonathan Tilton
SVP of Communications
- Total calculated
- $369,594
- From this org
- $343,629
- From related orgs
- $0
- Other
- $25,965
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $308,733
- Bonus
- $34,200
- Other
- $696
- Deferred
- $17,713
- Nontaxable benefits
- $8,252
- Filer's total
- $369,594
-
Steven Miller
VP of Pharmacy Services
- Total calculated
- $337,056
- From this org
- $284,354
- From related orgs
- $0
- Other
- $52,702
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $261,633
- Bonus
- $20,922
- Other
- $1,799
- Deferred
- $16,631
- Nontaxable benefits
- $36,071
- Filer's total
- $337,056
-
Gregory Doggett
VP of Legal & Policy
- Total calculated
- $308,053
- From this org
- $271,188
- From related orgs
- $0
- Other
- $36,865
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $251,157
- Bonus
- $19,647
- Other
- $384
- Deferred
- $13,140
- Nontaxable benefits
- $23,725
- Filer's total
- $308,053
-
Amanda Nagrotsky
Vice President of Legal and Policy
- Total calculated
- $285,130
- From this org
- $257,728
- From related orgs
- $0
- Other
- $27,402
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $218,278
- Bonus
- $37,890
- Other
- $1,560
- Deferred
- $14,209
- Nontaxable benefits
- $13,193
- Filer's total
- $285,130
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 4b
- In 2024, Maureen Testoni, President & CEO, received $97,000 in employer contributions to a supplemental nonqualified retirement plan made under Section 457(f) of the Internal Revenue Code.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
340B Health Political Action Committee
527 · Connected PAC to support candidates who support the 340B program · DC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533159349300223
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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