Healthcaretn
- Assets
- $1.4m
- Revenue
- $415.7k
- Investments
- $10.0k
- Employees
- 5
- Location
- Knoxville, TN
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 62-1709733
Organization Overview
Healthcaretn is located in Knoxville, TN. The organization was established in 1998. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Healthcaretn employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthcaretn 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 12/2022, Healthcaretn generated $415.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $570.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARETN IS A NON-PROFIT, MEMBER DRIVEN ORGANIZATION COMMITTED TO IMPROVING THE QUALITY AND COST OF HEALTHCARE IN TENNESSEE AND THE SURROUNDING REGION. HEALTHCARETN BELIEVES ONLY COOPERATIVE RELATIONSHIPS BETWEEN EMPLOYERS, HEALTH PLANS, HOSPITALS AND PROVIDERS CAN PRODUCE POSITIVE AND PROGRESSIVE CHANGES IN THE HEALTHCARE OF OUR LOCAL COMMUNITY AND OUR SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL OPERATIONS IMPROVE THE QUALITY AND COST OF HEALTHCARE IN TENNESSEE AND THE SURROUNDING REGION THROUGH COOPERATIVE RELATIONSHIPS BETWEEN EMPLOYERS, HEALTH PLANS, HOSPITALS AND PROVIDERS TO PRODUCE POSITIVE AND PROGRESSIVE CHANGES IN THE HEALTHCARE OF OUR LOCAL COMMUNITY AND OUR SOCIETY. GENERAL OPERATIONS PROMOTE VALUE BASED PURCHASING, PERFORMANCE MEASUREMENT, AND CONSUMERISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Hunter Chair Emeritus | OfficerTrustee | 1 | $0 |
David Clothier Treasurer | OfficerTrustee | 2 | $0 |
Christine Stickler Chair | OfficerTrustee | 1 | $0 |
Gaye Fortner President/ceo | OfficerTrustee | 40 | $194,532 |
Laurie Lee Director | Trustee | 1 | $0 |
Diana Morgan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,220 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,093 |
| Total Program Service Revenue | $325,755 |
| Investment income | $14,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $415,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,891 |
| 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. | $194,532 |
| Compensation of current officers, directors, key employees. | $29,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,965 |
| Pension plan accruals and contributions | $38,445 |
| Other employee benefits | $1,989 |
| Payroll taxes | $27,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,442 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,754 |
| Advertising and promotion | $0 |
| Office expenses | $1,366 |
| Information technology | $4,794 |
| Royalties | $0 |
| Occupancy | $8,622 |
| Travel | $3,639 |
| 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 | $5,414 |
| Insurance | $14,669 |
| All other expenses | $0 |
| Total functional expenses | $570,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,786 |
| Savings and temporary cash investments | $198,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $546,598 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,490 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $508,177 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,419 |
| Accounts payable and accrued expenses | $14,039 |
| Grants payable | $0 |
| Deferred revenue | $147,563 |
| 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 | $161,602 |
| Net assets without donor restrictions | $1,201,817 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,363,419 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Stem Cell Foundation Inc Louisville, KY | $7,677,199 | $1,865,601 |
International Psoriasis Council St Charles, MO | $3,589,745 | $1,865,580 |
Healthcaretn Knoxville, TN | $1,363,419 | $415,678 |
Anthony J Gavin Private Foundation Inc Marietta, GA | $183,526 | $9,831 |
Central Delta Rural Health Network Of Mississippi Inc Madison, MS | $3,251 | $0 |