Totals
- Total revenue
- $14,254,781
- Total expenses
- $12,478,849
- Contributions and grants received
- $392,495
- Grants paid
- $5,735
- Program service revenue
- $13,154,838
- Investment income
- $706,848
- Other revenue
- $600
- Total assets, end of year
- $35,979,568
- Total liabilities, end of year
- $14,604,830
- Net assets or fund balances, end of year
- $21,374,738
- 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
$392,495
-
2a · Program service revenue: MEMBERSHIP DUES
total $6,625,331 · related or exempt $6,625,331
-
2b · Program service revenue: CONFERENCES
total $4,553,139 · excluded $4,553,139
-
2c · Program service revenue: CORPORATE PARTNERS
total $1,648,700 · related or exempt $1,648,700
-
2d · Program service revenue: PUBLIC RELATIONS
total $294,000 · related or exempt $294,000
-
2e · Program service revenue: WEBINARS
total $19,200 · related or exempt $19,200
-
2f · All other program service revenue
total $14,468 · unrelated business $14,468
-
3 · Investment income
total $829,732 · excluded $829,732
-
7a · Gross sales of assets other than inventory
securities $2,348,177
-
7b · Less cost or other basis and sales expenses
securities $2,468,572 · other assets $2,489
-
7c · Gain or loss
securities -$120,395 · other assets -$2,489
-
7d · Net gain or loss
total -$122,884 · excluded -$122,884
-
11d · All other revenue
total $600 · related or exempt $600
-
11e · Other revenue, total
$600
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,735
-
5 · Compensation of officers, directors and key employees
total $1,345,960
-
7 · Other salaries and wages
total $3,932,128
-
8 · Pension plan contributions
total $235,876
-
9 · Other employee benefits
total $250,540
-
10 · Payroll taxes
total $312,677
-
11b · Fees: legal
total $291,655
-
11c · Fees: accounting
total $261,082
-
11d · Fees: lobbying
total $631,650
-
11f · Fees: investment management
total $58,258
-
11g · Fees: other
total $738,615
-
12 · Advertising and promotion
total $983,405
-
13 · Office expenses
total $434,067
-
14 · Information technology
total $397,600
-
16 · Occupancy
total $625,498
-
17 · Travel
total $28,980
-
19 · Conferences, conventions and meetings
total $1,825,399
-
22 · Depreciation, depletion and amortization
total $80,909
-
23 · Insurance
total $38,815
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,370,552 · end of year $3,409,233
-
4 · Accounts receivable
beginning of year $5,892 · end of year $1,958
-
9 · Prepaid expenses and deferred charges
beginning of year $226,741 · end of year $423,697
-
10a · Land, buildings and equipment: cost or other basis
$1,451,703
-
10b · Land, buildings and equipment: accumulated depreciation
$741,220
-
10c · Land, buildings and equipment, net
beginning of year $137,279 · end of year $710,483
-
11 · Investments: publicly traded securities
beginning of year $18,735,453 · end of year $26,127,480
-
15 · Other assets
beginning of year $443,960 · end of year $5,306,717
-
17 · Accounts payable and accrued expenses
beginning of year $449,414 · end of year $550,263
-
19 · Deferred revenue
beginning of year $6,598,153 · end of year $8,345,945
-
23 · Secured mortgages and notes payable
beginning of year $12,670 · end of year $9,689
-
25 · Other liabilities
beginning of year $299,050 · end of year $5,698,933
-
27 · Net assets without donor restrictions
beginning of year $17,298,300 · end of year $21,032,243
-
28 · Net assets with donor restrictions
beginning of year $262,290 · end of year $342,495
Mission and programs · 2023
Mission
340B HEALTH IS A MEMBERSHIP ORGANIZATION OF MORE THAN 1,500 PUBLIC AND PRIVATE NONPROFIT HOSPITALS AND HEALTH SYSTEMS PARTICIPATING IN THE FEDERAL 340B DRUG PRICING PROGRAM. TO SUPPORT OUR MEMBERS, 340B HEALTH MONITORS, EDUCATES, AND SERVES AS...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2...AN ADVOCATE ON FEDERAL LEGISLATIVE AND REGULATORY ISSUES RELATED TO DRUG PRICING AND OTHER MATTERS AFFECTING SAFETY-NET PROVIDERS. THE ORGANIZATION PROVIDES A WIDE VARIETY OF EDUCATION PROGRAMS AND MATERIALS TO ASSIST OUR MEMBERS IN OPERATING FULLY-COMPLIANT, HIGH-QUALITY PROGRAMS. OUR MEMBERSHIP CONSISTS OF A BROAD SPECTRUM OF PUBLIC AND NONPROFIT HOSPITALS, INCLUDING ACADEMIC MEDICAL CENTERS, COMMUNITY HOSPITALS, CHILDREN'S HOSPITALS, AND CRITICAL ACCESS HOSPITALS.
Activities or mission (Part I)
BE THE LEADING 340B ADVOCATE AND RESOURCE SUPPORTING HOSPITALS IN...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 1...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 HELP THEM COMPLY WITH ITS RULES AND REGULATIONS. 340B HEALTH PROVIDES EDUCATION THROUGH TWO ANNUAL NATIONAL CONFERENCES FOR 340B STAKEHOLDERS, WEBINARS, ROUNDTABLES WITH MEMBERS, AND ONLINE TOOLS AND RESOURCES. 340B HEALTH ALSO PROVIDES ONE-ON-ONE TECHNICAL ASSISTANCE, UPON MEMBERS' REQUESTS. 340B HEALTH KEEPS ITS MEMBERS AND STAKEHOLDERS INFORMED ABOUT NEW LEGISLATIVE AND REGULATORY CHANGES TO 340B, INCLUDING THROUGH 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)...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2...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, THE COURTS, AND STATE LEGISLATURES 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 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen L Bowling Fache CfnpKAREN L BOWLING FACHE CFNP
CHAIR (BEG 7/23)
- Total calculated
- $0
- Hours/week
- 1
-
Jesse Breidenbach PharmdJESSE BREIDENBACH PHARMD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth Feldpush DrphBETH FELDPUSH DRPH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas R Gnadt PharmdNICHOLAS R GNADT PHARMD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosland Fisher McLeodROSLAND FISHER MCLEOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul Mollo PharmdPAUL MOLLO PHARMD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlton ParkCHARLTON PARK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew J PerryMATTHEW J PERRY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Patricia K ViltPATRICIA K VILT
CHAIR (UNTIL 7/23)
- Total calculated
- $0
- Hours/week
- 1
-
Tim LynchTIM LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ali SantoreALI SANTORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Onisis StefasONISIS STEFAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meetali DesaiMEETALI DESAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sumona DasguptaSUMONA DASGUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike LoftusMIKE LOFTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adrian MoranADRIAN MORAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maureen TestoniMAUREEN TESTONI
PRESIDENT & CEO
- Total calculated
- $997,734
- From this org
- $847,095
- From related orgs
- $0
- Other
- $150,639
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $508,889
- Bonus
- $115,148
- Other
- $223,058
- Deferred
- $140,557
- Nontaxable benefits
- $10,082
- Filer's total
- $997,734
-
Patrick McGaryPATRICK MCGARY
SVP OPERATIONS
- Total calculated
- $299,407
- From this org
- $255,819
- From related orgs
- $0
- Other
- $43,588
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $240,869
- Bonus
- $14,950
- Other
- $0
- Deferred
- $14,950
- Nontaxable benefits
- $28,638
- Filer's total
- $299,407
-
Michael HessMICHAEL HESS
VP, OPERATIONS
- Total calculated
- $263,968
- From this org
- $231,096
- From related orgs
- $0
- Other
- $32,872
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $215,583
- Bonus
- $15,513
- Other
- $0
- Deferred
- $13,424
- Nontaxable benefits
- $19,448
- Filer's total
- $263,968
-
Steven MillerSTEVEN MILLER
VP OF PHARMACY SERVICES
- Total calculated
- $299,314
- From this org
- $271,647
- From related orgs
- $0
- Other
- $27,667
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $250,725
- Bonus
- $20,922
- Other
- $0
- Deferred
- $15,839
- Nontaxable benefits
- $11,828
- Filer's total
- $299,314
-
Gregory DoggettGREGORY DOGGETT
VP LEGAL & POLICY COUNSEL
- Total calculated
- $288,981
- From this org
- $256,079
- From related orgs
- $0
- Other
- $32,902
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $236,432
- Bonus
- $19,647
- Other
- $0
- Deferred
- $12,396
- Nontaxable benefits
- $20,506
- Filer's total
- $288,981
-
Caroline SteinbergCAROLINE STEINBERG
VP OF RESEARCH
- Total calculated
- $261,580
- From this org
- $246,919
- From related orgs
- $0
- Other
- $14,661
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $225,838
- Bonus
- $20,325
- Other
- $756
- Deferred
- $12,421
- Nontaxable benefits
- $2,240
- Filer's total
- $261,580
-
Johnathan TiltonJOHNATHAN TILTON
SVP COMMUNICATIONS
- Total calculated
- $243,946
- From this org
- $236,821
- From related orgs
- $0
- Other
- $7,125
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $202,621
- Bonus
- $34,200
- Other
- $0
- Deferred
- $7,125
- Nontaxable benefits
- $0
- Filer's total
- $243,946
-
Tom O'DonnellTOM O'DONNELL
SVP, GOVERNMENT RELATIONS
- Total calculated
- $375,998
- From this org
- $350,270
- From related orgs
- $0
- Other
- $25,728
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $304,692
- Bonus
- $45,578
- Other
- $0
- Deferred
- $18,126
- Nontaxable benefits
- $7,602
- Filer's total
- $375,998
-
Miriam LasarMIRIAM LASAR
FORMER OFFICER
- Total calculated
- $203,800
- From this org
- $203,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $203,800
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $203,800
-
Christopher CrosswhiteCHRISTOPHER CROSSWHITE
SVP LEGAL AND POLICY
- Total calculated
- $174,463
- From this org
- $148,352
- From related orgs
- $0
- Other
- $26,111
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $148,352
- Bonus
- $0
- Other
- $0
- Deferred
- $9,000
- Nontaxable benefits
- $17,111
- Filer's total
- $174,463
-
Kathryn DibitettoKATHRYN DIBITETTO
FORMER KEY EMPLOYEE
- Total calculated
- $100,263
- From this org
- $100,263
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $100,263
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $100,263
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 2023, MAUREEN TESTONI, PRESIDENT & CEO, RECEIVED $77,500 IN EMPLOYER CONTRIBUTIONS TO A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN MADE UNDER SECTION 457F 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
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413169349305956
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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