Health Care Network Inc
- Assets
- $4.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Racine, WI
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 42-1299913
Organization Overview
Health Care Network Inc is located in Racine, WI. The organization was established in 1988. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, Health Care Network Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Care 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 06/2022, Health Care Network Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO PROVIDE FREE/LOW COST HEALTH CARE TO RESIDENTS OF RACINE COUNTY WHO HAVE NO HEALTH INSURANCE AND ARE OF LIMITED INCOME. ALL HEALTH CARE IS PROVIDED BY VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE NETWORK, INC. PROVIDES FREE OR LOW COST HEALTH AND DENTAL CARE TO RESIDENTS OF RACINE COUNTY WHO ARE LOW INCOME (UNDER 200% FPL) AND UNINSURED. VOLUNTEER MEDICAL AND DENTAL PROVIDERS DONATE THEIR TIME AND SKILLS TO PROVIDE CARE. THE AGENCY ALSO PROVIDES PRESCRIPTION ASSISTANCE, SYSTEMS NAVIGATION ASSISTANCE AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Sergio Executive Dir. | Officer | 40 | $86,426 |
Kelly Kauffman Secretary | OfficerTrustee | 1 | $0 |
David Isaacson Treasurer | OfficerTrustee | 1 | $0 |
Samantha Anderegg-Boticki Vice President | OfficerTrustee | 1 | $0 |
Greg Mueller President | OfficerTrustee | 1 | $0 |
Mark Lewno Pharmd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $89,046 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $906,056 |
| Noncash contributions included in lines 1a–1f | $128,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,245,102 |
| Total Program Service Revenue | $26 |
| Investment income | $138,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,273 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,442,341 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $101,650 |
| Compensation of current officers, directors, key employees. | $46,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,849 |
| Payroll taxes | $46,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,717 |
| Advertising and promotion | $0 |
| Office expenses | $123,699 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,699 |
| Travel | $735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $1,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,843 |
| Insurance | $8,352 |
| All other expenses | $1,561 |
| Total functional expenses | $1,029,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,260 |
| Savings and temporary cash investments | $211,210 |
| Pledges and grants receivable | $125,235 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $91,897 |
| Prepaid expenses and deferred charges | $21,440 |
| Net Land, buildings, and equipment | $415,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,047,238 |
| Total assets | $4,723,302 |
| Accounts payable and accrued expenses | $5,612 |
| Grants payable | $0 |
| Deferred revenue | $20,000 |
| 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 | $4,361 |
| Total liabilities | $29,973 |
| Net assets without donor restrictions | $1,217,557 |
| Net assets with donor restrictions | $3,475,772 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,723,302 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Health Care Network Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Ruffo Family Foundation Inc Racine, WI PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $3,620,173 |
| Earnings | -$402,864 |
| Admin Expense | $34,640 |
| Grants | $138,631 |
| Ending Balance | $3,044,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peoples Community Health Clinic Inc Waterloo, IA | $20,898,728 | $21,977,203 |
St Gertrudes Health Center Minneapolis, MN | $18,960,362 | $16,977,101 |
Western Wayne Family Health Centers Inkster, MI | $16,037,298 | $17,730,874 |
Lakeland Immediate Care Center Cassopolis, MI | $27,798,669 | $17,988,669 |
M G H Family Health Center Muskegon Heights, MI | $12,784,619 | $16,954,638 |
Family Christian Health Center Harvey, IL | $10,123,186 | $16,886,871 |
Community Health Improvement Center Decatur, IL | $37,778,826 | $18,154,752 |
Oakland Intergrated Healthcare Network Pontiac, MI | $13,829,053 | $17,921,685 |
Eastern Iowa Health Center Cedar Rapids, IA | $9,830,317 | $16,279,166 |
Lake Superior Community Health Center Duluth, MN | $10,917,344 | $14,002,188 |
Downriver Community Services Inc Algonac, MI | $14,441,079 | $12,042,017 |
Mott Childrens Health Center Flint, MI | $485,805,950 | $15,529,458 |