504HEALTHNET INC (EIN 262831459) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

CURRIN WALLIS

Phone

5044523622

Tax Period

2025-01-01 to 2025-12-31

504HEALTHNET INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $1.0M in total revenue in fiscal year 2025. Revenue surged 116% from the prior year, signaling strong growth momentum. The organization ran a surplus of $608K, a strong 60% operating margin.

Mission

504HEALTHNET WILL PROVIDE SUPPORT TO AN INTEGRATED AND COORDINATED NETWORK OF HEALTHCARE PROVIDERS IN THE GREATER NEW ORLEANS REGION, WHICH ARE WORKING TOGETHER TO ACHIEVE THESE GOALS:1.) INCREASING ACCESS TO COMPREHENSIVE PRIMARY CARE AND BEHAVIORAL HEALTH SERVICES TO ALL PEOPLE IRRESPECTIVE OF THE ABILITY TO PAY,2.) IMPROVING THE QUALITY AND BENEFITS OF CARE,3.) INCREASING SUSTAINABILITY, EFFECTIVENESS AND EFFICIENCY AMONG THE MEMBER ORGANIZATIONS,4.) DEVELOPING LINKAGES FOR A FULL CONTINUUM OF HEALTH SERVICES,5.) PROVIDING ADVOCACY FOR THE NEEDS OF COMMUNITY-BASED PRIMARY CARE AND BEHAVIORAL HEALTH PROVIDERS SERVING UNDERSERVED POPULATIONS, AND6.) ADVANCING AN EFFECTIVE MEDICAL HOME MODEL SYSTEM OF CARE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $992,047

Program Service Revenue $19,526

Investment Income $8,503

Other Revenue $0

TOTAL REVENUE $1,020,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,244

Fundraising Expenses $0

Program Expenses $409,643

Other Expenses $201,113

TOTAL EXPENSES $412,357

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,020,076	$471,394	+1.2%
Expenses	$412,357	$391,345	+0.1%
Net Income	$607,719	$80,049	+6.6%

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

$104,803

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHONDRA WILLIAMS PHD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOHN GREY	BOARD MEMBER	1.50	Director	$0	$0	$0
MICHAEL ANDRY	SECRETARY	1.50	Officer Director	$0	$0	$0
ANJALI NIYOGI MD MPH	BOARD MEMBER	1.50	Director	$0	$0	$0
CATHI FONTENOT MD	BOARD MEMBER	1.50	Director	$0	$0	$0
REGINALD VICKS	BOARD MEMBER	1.50	Director	$0	$0	$0
KEITH WINFREY MD MPH	BOARD MEMBER	1.50	Director	$0	$0	$0
CARLEETHA SMITH MHA	BOARD MEMBER	1.50	Director	$0	$0	$0
ROCHELLE HEAD-DUNHAM MD	BOARD MEMBER	1.50	Director	$0	$0	$0
ANTHONY GARDNER	BOARD MEMBER	1.50	Director	$0	$0	$0
RHA'KEISHA WYRE	MEMBER AT LARGE	1.50	Officer Director	$0	$0	$0
MESHAWN SIDDIQ	BOARD MEMBER	1.50	Director	$0	$0	$0
TAMARA BOUTTE	BOARD MEMBER	1.50	Director	$0	$0	$0
MEG VITTER	BOARD MEMBER	1.50	Director	$0	$0	$0
CHARLOTTE PARENT	BOARD MEMBER	1.50	Director	$0	$0	$0
PHILLIP BRODT	BOARD MEMBER	1.50	Director	$0	$0	$0
RHENEISHA ROBERTSON	BOARD MEMBER	1.50	Director	$0	$0	$0
SAEGAN SWANSON	BOARD MEMBER	1.50	Director	$0	$0	$0
HELENA LIKAJ	VICE CHAIR	1.50	Officer Director	$0	$0	$0
JACOB MAZA	BOARD MEMBER	1.50	Director	$0	$0	$0
ANITA JOHNSON	BOARD MEMBER	1.50	Director	$0	$0	$0
MARIA BUTLER	BOARD MEMBER	1.50	Director	$0	$0	$0
KIMBERLY KAVANAGH	BOARD MEMBER	1.50	Director	$0	$0	$0
JUSTINE CROWLEY	BOARD MEMBER	1.50	Director	$0	$0	$0
TREASURE SCHWAB	BOARD MEMBER	1.50	Director	$0	$0	$0
AVIS GRAY	BOARD MEMBER	1.50	Director	$0	$0	$0
KELLI DORSEY	BOARD MEMBER	1.50	Director	$0	$0	$0
CURRIN WALLIS	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$104,803	$0	$104,803

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
2025	$1,020,076	$412,357	$966,799	$607,719
2024	$471,394	$391,345	$358,479	$80,049
2023	$396,004	$336,763	$280,187	$59,241
2022	$248,689	$335,717	$218,374	$-87,028
2021	$305,425	$341,099	$312,657	$-35,674
2020	$680,077	$693,613	$355,456	$-13,536
2019	$684,618	$795,285	$370,764	$-110,667
2018	$732,599	$624,096	$472,732	$108,503

504HEALTHNET INC