FINANCIAL HEALTH NETWORK INC

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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

2005

Legal Domicile

Principal Officer

KELLY EMERY

Phone

3128815856

Tax Period

2024-01-01 to 2024-12-31

FINANCIAL HEALTH NETWORK INC, founded in 2005, is a mid-sized nonprofit in the Community Improvement sector that reported $15.7M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 27% operating margin.

Mission

THE FINANCIAL HEALTH NETWORK IS A TRUSTED RESOURCE FOR BUSINESS LEADERS, POLICYMAKERS, AND INNOVATORS UNITED IN A MISSION TO IMPROVE THE FINANCIAL HEALTH OF THEIR CUSTOMERS, EMPLOYEES, AND COMMUNITIES. WE ENVISION A FUTURE WHERE ALL PEOPLE, ESPECIALLY THE MOST VULNERABLE, HAVE THE FINANCIAL SYSTEMS THEY NEED TO BE RESILIENT AND THRIVE. OUR MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $9,424,577 Revenue: $6,589,215

FINANCIAL HEALTH NETWORK LEADS A NETWORK OF COMPANIES WHICH FOSTERS AND ACCELERATES CONSUMER-FOCUSED INNOVATION. THROUGH ITS COMPASS PRINCIPLES AND A LINEUP OF PROPRIETARY RESEARCH, INSIGHTS AND...

FINANCIAL HEALTH NETWORK LEADS A NETWORK OF COMPANIES WHICH FOSTERS AND ACCELERATES CONSUMER-FOCUSED INNOVATION. THROUGH ITS COMPASS PRINCIPLES AND A LINEUP OF PROPRIETARY RESEARCH, INSIGHTS AND EVENTS, FINANCIAL HEALTH NETWORK INFORMS, ADVISES AND CONNECTS MEMBERS OF ITS NETWORK TO SEED THE INNOVATION THAT WILL TRANSFORM THE FINANCIAL SERVICES LANDSCAPE AND IMPROVE THE LIVES OF LOW AND MODERATE-INCOME AMERICANS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,222,359

Program Service Revenue $6,589,215

Investment Income $868,622

Other Revenue $0

TOTAL REVENUE $15,680,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,646,513

Fundraising Expenses $458,682

Program Expenses $9,424,577

Other Expenses $4,780,457

TOTAL EXPENSES $11,426,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,680,196	$11,629,061	+0.3%
Expenses	$11,426,970	$11,982,404	0.0%
Net Income	$4,253,226	$-353,343	-13.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$692,060

Total Directors

$388,743

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA HARMAN	CHAIR, FROM 6/30/2024	3.00	Officer Director	$0	$0	$0
MELINDA HIGHTOWER	TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE BIANUCCI	DIRECTOR	1.00	Director	$0	$0	$0
SASHA DICHTER	DIRECTOR	1.00	Director	$0	$0	$0
DR TAMARAH DUPERVAL-BROWNLEE	DIRECTOR	1.00	Director	$0	$0	$0
JORGE FONTANEZ	DIRECTOR	1.00	Director	$0	$0	$0
RODERICK KING MD MPH	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH SAMUELSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN SEIDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER TESCHER	PRESIDENT AND CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$374,850	$13,893	$388,743
MARK ERNST	CHAIR, TO 6/30/2024	3.00	Officer Director	$0	$0	$0
KELLY EMERY	CHIEF OPERATING OFFICER	40.00	Officer	$295,222	$8,095	$303,317
ADEEB MAHMUD	CHIEF PROGRAM OFFICER	40.00	Highest	$273,156	$9,470	$282,626
SARAH GORDON	CHIEF MARKET AND BUSINESS DEVELOPMENT OFFICER	36.00	Highest	$238,256	$13,715	$251,971
MATTHEW BAHL	VP, WORKPLACE MARKET LEAD	40.00	Highest	$224,400	$21,204	$245,604
MARISA WALSTER	VP, FINANCIAL SERVICES SOLUTIONS	40.00	Highest	$209,475	$10,724	$220,199
DANA BOWIE EARLES	VP, FINANCE & OPS (FROM 1/10/24)	40.00	Highest	$182,728	$18,685	$201,413

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	$15,680,196	$11,426,970	$22,786,307	$4,253,226
2023	$11,629,061	$11,982,404	$18,727,767	$-353,343
2022	$19,220,654	$17,717,829	$18,968,499	$1,502,825
2021	$18,603,239	$18,394,468	$19,686,455	$208,771
2020	$21,613,660	$17,641,808	$20,024,730	$3,971,852
2019	$14,878,199	$15,807,016	$15,800,612	$-928,817
2018	$12,101,988	$13,962,093	$18,439,448	$-1,860,105