Healthnetwork Foundation
- Assets
- $48.8m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 28
- Location
- Pepper Pike, OH
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 04-3804600
Organization Overview
Healthnetwork Foundation is located in Pepper Pike, OH. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Healthnetwork Foundation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthnetwork Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Healthnetwork Foundation generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Healthnetwork Foundation has awarded 105 individual grants totaling $3,599,360. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH NETWORK HELPS MEMBERS FIND APPROPRIATE MEDICAL INSTITUTIONS FOR THE MEMBERS' PARTICULAR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE PROVIDED TO MEMBERS TO HELP THEM FIND THE MEDICAL INSTITUTIONS THAT FIT THEIR PARTICULAR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Frankel President | Officer | 40 | $231,350 |
Kim Kotora Vice Preside | Officer | 40 | $205,150 |
Lisa Herchek Chief Operat | Officer | 40 | $195,150 |
William Babcox Advisor | Trustee | 1 | $0 |
Tony Busa Treasurer | Trustee | 1 | $0 |
Dwight Corning Advisor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,016,785 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,524,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,541,738 |
| Total Program Service Revenue | $0 |
| Investment income | $763,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,874,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,179,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $646,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $652,398 |
| Compensation of current officers, directors, key employees. | $130,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,302,841 |
| Pension plan accruals and contributions | $44,070 |
| Other employee benefits | $108,852 |
| Payroll taxes | $121,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,906 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $255,946 |
| Fees for services: Other | $35,376 |
| Advertising and promotion | $176,394 |
| Office expenses | $234,904 |
| Information technology | $26,275 |
| Royalties | $0 |
| Occupancy | $86,335 |
| Travel | $83,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,827 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,310 |
| Insurance | $10,651 |
| All other expenses | $13,648 |
| Total functional expenses | $3,983,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,428 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $536,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,589 |
| Net Land, buildings, and equipment | $121,134 |
| Investments—publicly traded securities | $47,841,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,753,268 |
| Accounts payable and accrued expenses | $251,550 |
| Grants payable | $0 |
| Deferred revenue | $2,770,841 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,022,391 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,730,877 |
| Total liabilities and net assets/fund balances | $48,753,268 |
Grants Awarded
Over the last fiscal year, Healthnetwork Foundation has awarded $646,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS GRANTS UNDER 5000 PER | | | $148,500 |
Cincinnati, OH PURPOSE: GENERAL SUPPORT | $58,000 |
Shaker Heights, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $50,000 |
Coral Gables, FL PURPOSE: GENERAL SUPPORT | $50,000 |
UNIVERSITY OF CINCINNATI MEDICALCENTER PURPOSE: GENERAL SUPPORT | $29,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Healthnetwork Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CHARITABLE OPERATIONS | $3,000 |
Jeffrey Robideau Foundation Ann Arbor, MI PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities West Michigan Grand Rapids, MI | $13,577,921 | $21,603,747 |
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Eight Cap Inc Orleans, MI | $2,750,464 | $18,614,954 |
Catholic Charities Of Shiawassee & Genesee Counties Flint, MI | $13,966,516 | $19,279,987 |
Wedgwood Christian Services Grand Rapids, MI | $24,031,475 | $18,911,597 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |