Family Health Network Inc
- Assets
- $15.3m
- Revenue
- $40.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 36-3985468
Organization Overview
Family Health Network Inc is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Health Network Inc 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, Family Health Network Inc generated $40.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (74.6%) each year. All expenses for the organization totaled $382.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (64.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATED TO ARRANGE FOR THE PROVISION OF MANAGED CARE SERVICES OF THE INDIGENT WITH THE ILLINOIS MEDICAID AGENCY AND TO SUPPORT CHICAGO INNER-CITY SAFETY NET HOSPITALS PRIOR TO BEING PLACED INTO COURT-ORDERED REHABILITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY HEALTH NETWORK, INC. (FHN) PROVIDED MANAGED CARE SERVICES FOR THE INDIGENT WITH THE ILLINOIS MEDICAID AGENCY AND SUPPORT OF CHICAGO INNER-CITY HOSPITALS PRIOR TO BEING PLACED INTO REHABILITATION BY ORDER OF THE CIRCUIT COURT OF COOK COUNTY, ILLINOIS ON MARCH 8, 2019.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Harrell Chief Financial Officer | Officer | 0 | $0 |
Michael Cosentino Chief Reinsurance And Technology Officer | Officer | 0 | $0 |
Kevin Baldwin Director Of Receivership Operations | Officer | 0 | $0 |
Jacob Stuckey Special Deputy Receiver | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Haley Consulting Group Llc Consulting | 12/30/16 | $454,683 |
Barbara Hay Consulting | 12/30/16 | $248,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $36,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | -$10,955 |
| Compensation of current officers, directors, key employees. | $16,988 |
| Compensation of current officers, directors, key employees. | $16,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,009 |
| Payroll taxes | $13,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $7,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,500 |
| Fees for services: Other | $18,245 |
| Advertising and promotion | $0 |
| Office expenses | $33,380 |
| Information technology | $396,868 |
| Royalties | $0 |
| Occupancy | -$296,962 |
| Travel | $707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $381,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,382 |
| Savings and temporary cash investments | $734,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,969,770 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,967,123 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,628,242 |
| Total assets | $15,311,299 |
| Accounts payable and accrued expenses | $50,399,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $50,399,762 |
| 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 | -$35,088,463 |
| Total liabilities and net assets/fund balances | $15,311,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alexian Brothers Specialty Group St Louis, MO | $16,215,416 | $50,311,063 |
Prairie Cardiovascular Consultants Ltd Springfield, IL | $27,843,094 | $57,983,651 |
Missouri Hospital Plan Jefferson City, MO | $239,982,399 | $48,115,814 |
Medical Associates Clinic Health Plan Of Wisconsin Dubuque, IA | $5,101,906 | $43,479,788 |
Mercy Health Network Inc Clive, IA | $29,567,569 | $25,434,292 |
Northwest Health Services Inc St Joseph, MO | $22,874,987 | $29,677,713 |
Primecare Community Health Inc Chicago, IL | $20,781,517 | $28,464,396 |
Northeast Missouri Health Council Inc Kirksville, MO | $27,783,870 | $22,970,141 |
Southeast Missouri Health Network Benton, MO | $21,616,716 | $20,259,482 |
Missouri Family Health Council Inc Jefferson City, MO | $1,043,703 | $8,468,289 |
University Of Louisville Medical School Practice Association Inc Louisville, KY | $2,805,325 | $4,438,040 |
Healthier Moms And Babies Inc Fort Wayne, IN | $631,061 | $2,330,789 |