Undue Medical Debt
Learn how to support this organization
Programs and results
What we aim to solve
Medical Debt is the one of the leading causes of bankruptcy in the United States. People all over America encounter medical events or diagnoses that are far too expensive to treat for individuals with ordinary income. Even owning a medical insurance policy does not guarantee that one will not suddenly and unexpectedly owe thousands of dollars for medical care or treatment. These bills, if left unpaid, inflict catastrophic damage on credit reports, resulting in higher interest rates and reduced loan approval rates. Through RIP Medical Debt's medical debt forgiveness program, recipients of debt forgiveness can regain access to resources that make difference in their quality of life and allow them to participate more fully in their local economies.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Medical Debt Abolishment
Acquire and abolish medical debt for individuals experiencing poverty or other hardship.
Where we work
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United States
Our results
How does this organization measure their results? It's a hard question but an important one.
Evaluation documents
Download evaluation reportsNumber of overall donors
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Average online donation
This metric is no longer tracked.Totals By Year
Related Program
Medical Debt Abolishment
Type of Metric
Other - describing something else
Direction of Success
Holding steady
Total amount of medical debt abolished
This metric is no longer tracked.Totals By Year
Population(s) Served
Economically disadvantaged people
Related Program
Medical Debt Abolishment
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Since its founding to September 2019, RIP Medical Debt has acquired and abolished more than $919 million of oppressive medical debt, helping more than 443 thousand individuals and their families. With the help of our donors, our goal is to continue this work to relieve the terrible burden of medical debt from an ever larger number of people in the years ahead.
What are the organization's key strategies for making this happen?
Using donations, RIP Medical Debt purchases large portfolios of medical debt on the secondary market or directly from patient care providers. We retire the debt forever by making it unavailable for further sale. We notify the individuals for whom debt was purchased that we have bought and forgiven the debt. We list each account number we abolish in the forgiveness notification letter, and we report the debts as paid to credit bureaus.
What are the organization's capabilities for doing this?
Since it was founded by two former collection industry executives, RIP Medical Debt has developed extensive relationships and expertise in the debt buying and collections industry, enabling us to structure and acquire large portfolios of qualified medical debt for significantly reduced rates.
What have they accomplished so far and what's next?
Since its founding to September 2019, RIP Medical Debt has acquired and abolished more than $919 million of oppressive medical debt, helping more than 443 thousand individuals and their families. We have notified the beneficiaries of debt forgiveness and reported the debts as paid to credit bureaus.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To strengthen relationships with the people we serve
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
19.11
Months of cash in 2023 info
18.9
Fringe rate in 2023 info
35%
Funding sources info
Assets & liabilities info
Financial data
Undue Medical Debt
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President, CEO
Allison Sesso
Number of employees
Source: IRS Form 990
Undue Medical Debt
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Undue Medical Debt
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Undue Medical Debt
Board of directorsas of 10/07/2024
Board of directors data
Mr. William von Mueffling
Cantillon Capital Management, LLP
Term: 2017 -
Harold "Jerry" Ashton
RIP Medical Debt
Robert E Goff
William von Mueffling
Cantillon Capital Management LLC
Michele Masucci
Nixon Peabody LLP
Jose Penabad
HCG Funds
Ted Sann
RIP Medical Debt
Dr. Oxiris Barbot
Senior Fellow for Public Health and Social Justice, The JPB Foundation
Elizabeth Marincola
Senior Advisor, Science for Africa Foundation
Megan Ray
Shareholder, Greenberg Traurig
Dr. Ram Raju
CEO with NYC Health and Hospitals Corporation
Jeff Smedsrud
Healthcare.com Co-Founder and President, Insurance Services
Jonathan Wiggs
Chief Technology Officer & Co-Founder, Outbound AI
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as: