b'AS OF DECEMBER 31, 2023AS OF DECEMBER 31, 2023Statement of Revenue andFinancial Position Expense SummaryAssets Expense RatiosCashandCashEquivalents $188,277,489 PatientGrantsandServices99.23%Investments 387,592,579 Management0.35%ContributionsReceivable54,753,671 Fundraising0.17%PrepaidsandOtherAssets938,835 MarketingandCommunications0.24%PropertyandEquipment,net518,904RightofUseAsset5,751,293 RevenueTotal Assets$ 637,832,771 DonationsandOtherIncome $730,933,226InvestmentIncome38,824,706Liabilities and Net Assets Total Revenue$ 769,757,932 LiabilitiesAccountsPayableandAccruedExpenses $ 68,481,966 ExpensesCopayments and Premium PatientGrantsandServices $715,688,219AssistancePayable7,093,237 ManagementandGeneral2,526,571LeaseLiability5,980,868 Fundraising1,259,588Total Liabilities$81,556,071 MarketingandCommunications1,748,955Total Expenses$ 721,223,333 Net AssetsUnrestricted $ 37,685,821TemporarilyRestricted 518,590,879Total Net Assets$ 556,276,700 2023 ExpensesTOTAL LIABILITIES & NET ASSETS$ 637,832,771Fundraising0.17% Marketing & Communications0.24%Management0.35%Patient Grants and Services 99.23%PAGE 10 HEALTHWELL FOUNDATION 2023 ANNUAL REPORT'