HEALTHNETWORK FOUNDATION FKA HEALTH NET FOUNDATION INC

EIN: 043804600 501(c)(3) Human Services

PEPPER PIKE, OH

Total Revenue
$12,147,291
Total Expenses
$5,631,831
Total Assets
$58,624,084
Net Assets
$55,624,404
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OH
Principal Officer
GARY BORIS
Phone
4402641922
Tax Period
2023-01-01 to 2023-12-31

HEALTHNETWORK FOUNDATION FKA HEALTH NET FOUNDATION INC, founded in 1991, is a mid-sized nonprofit in the Human Services sector that reported $12.1M in total revenue in fiscal year 2023. The organization ran a surplus of $6.5M, a strong 54% operating margin.

Mission

CONNECTING MEMBERS WITH THE LEADING HEALTHCARE PROVIDERS TO MAKE THE BEST MEDICAL CARE AVAILABLE FOR THEIR NEEDS AND TO MAKE DONATIONS THRU OUR PARTNER HOSPITALS TO OUR DOCTORS TO FUND EDUCATION AND RESEARCH IMPROVING MEDICINE FOR ALL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,538,096
Program Service Revenue $0
Investment Income $1,609,195
Other Revenue $0
TOTAL REVENUE $12,147,291

Expense Breakdown

Grants Paid $1,630,000
Salaries & Benefits $2,401,287
Fundraising Expenses $0
Program Expenses $4,456,481
Other Expenses $1,600,544
TOTAL EXPENSES $5,631,831

Year-over-Year Comparison

2023 2022 Change
Revenue $12,147,291 $12,557,506 0.0%
Expenses $5,631,831 $5,732,898 0.0%
Net Income $6,515,460 $6,824,608 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
24
Volunteers
11

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$632,289
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN FRANKEL PRESIDENT 40.00
Officer
$266,160 $5,323 $271,483
KIM KOTORA VICE PRESIDE 40.00
Officer
$203,839 $4,077 $207,916
GARY BORIS CHIEF OPERAT 40.00
Officer
$150,000 $2,890 $152,890
WILLIAM BABCOX ADVISOR 1.00
Director
$0 $0 $0
TONY BUSA TREASURER 1.00
Director
$0 $0 $0
DWIGHT CORNING ADVISOR 1.00
Director
$0 $0 $0
DR BERNARDO FERNANDEZ ADVISOR 1.00
Director
$0 $0 $0
JOSH GUTMAN ADVISOR 1.00
Director
$0 $0 $0
BILL KRUL ADVISOR 1.00
Director
$0 $0 $0
PATRICIA MCCOLLUM ADVISOR 0.50
Director
$0 $0 $0
WILLIAM W ROWLEY CHAIRMAN 30.00
Director
$0 $0 $0
BROCK STEERE ADVISOR 1.00
Director
$0 $0 $0
F WILLIAM STEERE ADVISOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,147,291 $5,631,831 $58,624,084 $6,515,460
2022 $12,557,506 $5,732,898 $46,284,611 $6,824,608
2021 $11,179,511 $3,983,090 $48,753,268 $7,196,421
2020 $7,687,275 $3,473,031 $39,558,511 $4,214,244
2019 $6,505,582 $3,265,618 $30,395,143 $3,239,964
2018 $6,038,859 $3,236,956 $23,614,005 $2,801,903
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