Medical Debt Resolution Inc

“WILLIAM VON MUEFFLING, CHAIR OF THE BOARD (THROUGH 12/11/2024) IS THE BROTHER-IN-LAW OF TED SANN, SECRETARY OF THE BOARD. - Family relationship”

“In 2024, organization changed its doing business as name to 'undue medical debt' from 'rip medical debt'.”

“A complete copy of this form 990 has been reviewed by both the audit committee and the full board of directors prior to filing. This process is prescribed in the charter of the organization's audit committee.”

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information. Any conflict is reviewed by the board before a decision is made as to whether to approve the transaction.”

“The ceo compensation is determined by the independent members of the board (compensation committee) in accordance with written policy, and informed by a report of independent compensation consultants, including market surveys, and other independent research. The compensation committee is comprised of at least three (3) independent directors and has responsibility for advising the independent members of the board in setting the compensation of the organization's ceo. Currently the number of persons serving on the compensation committee is four (4).”

“The compensation of officers and key employees was determined by senior management in accordance with written policy, informed, where appropriate, by a report of independent compensation consultants or other independent research, including market surveys, as applicable.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request. Where required, the organization also furnishes these documents to state authorities.”

“Mission of medical debt resolution, inc., dba undue medical debt: a 501(c)(3) nonprofit whose mission is to end medical debt and be: ** a source of justice in an unjust healthcare finance system. Our unique and highly leveraged debt abolishment model combines the generosity of donors with debt industry expertise to produce a high volume of debt relief return, mitigating significant financial and mental distress for millions of people. ** a unique solution for patient-centered health care providers. By partnering with us, health care systems can strengthen individuals and communities by relieving dormant, uncollectible, and damaging bad debts and can identify opportunities to refine their financial assistance programs to better serve their communities. ** a moral force of systemic change. Our work brings attention to the range of negative impacts caused by medical debt and a deeper understanding of its causes. These efforts support progress toward a more compassionate, transparent, equitable and affordable healthcare system. Who is undue medical debt? We are a not-for-profit, national charity that raises funds from donors and uses those funds to acquire and abolish medical debt. Since our founding in 2014 (as medical debt resolution, inc.), we have abolished more than $17 billion of medical debt and helped more than 11 million people. What is the goal of undue medical debt? Undue medical debt seeks to help families and individuals burdened by medical debt by acquiring and abolishing these debts. By cancelling these debts, we bring financial relief to families and reduce related stress. This then improves the health of patients, families, and communities. Over the course of the organization's growth, its vision has expanded to address the root causes of medical debt and seeks to transform the healthcare system to make debt relief unnecessary in the future. Why we do this work? Medical debt often results from unplanned and unexpected illnesses and accidents. About one third of adults in the united states have difficulty paying their health care bills. In many areas and for many reasons, people remain uninsured and those who are insured often receive expensive bills after receiving care. Medical debt is the leading cause of bankruptcy in the united states. We do this work to relieve the burden of medical debt, to prevent people from skipping or delaying medical care because of cost-related concerns, and to support people living healthier lives. People, helping people we depend on donations and grants from individuals, corporations, charitable organizations and government to support us in our mission and purpose to end medical debt. In may 2024, the organization changed their doing business name to "undue medical debt". To learn more about undue medical debt, please visit us at https://www.unduemedicaldebt.org/.”

“Details of cost of debt abolished: purchases - debt portfolios: $27,930,389 debt acquisition consulting & analysis fees: $ 108,000 direct labor: $ 1,515,007 donated debt portfolios: $ 196,752 purchases - debt platform fees: $ 247,620 purchases - analytical data: $ 1,192,229 de/(in)crease in deferred debt costs: $ (9,969,843) total cost of debt abolished: $ 21,220,154”