COMMUNITY HEALTHNET INC

EIN: 352048141 501(c)(3) Health Care

GARY, IN

Total Revenue
$12,001,201
Total Expenses
$12,504,835
Total Assets
$9,934,577
Net Assets
$3,429,617
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
IN
Principal Officer
JANET SEABROOK
Phone
2198801190
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY HEALTHNET INC, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $12.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HEALTH CENTER SERVICES TO INDIGENT AND UNDERSERVED MEMBERS OF THE COMMUNITY.

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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 $5,076,743
Program Service Revenue $6,902,819
Investment Income $1,058
Other Revenue $20,581
TOTAL REVENUE $12,001,201

Expense Breakdown

Grants Paid $4,869
Salaries & Benefits $7,196,093
Fundraising Expenses $3,705
Program Expenses $8,179,082
Other Expenses $5,303,873
TOTAL EXPENSES $12,504,835

Year-over-Year Comparison

2023 2022 Change
Revenue $12,001,201 $12,159,479 0.0%
Expenses $12,504,835 $11,957,534 +0.0%
Net Income $-503,634 $201,945 -3.5%
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
10
Independent Members
10
Employees
22
Volunteers
10

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
5
$287,203
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RISE ROSS-RATNEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DON BATES TREASURER 1.00
Officer Director
$0 $0 $0
DELTA JONES-WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARIUS ANDERSON PRESIDENT 1.00
Officer Director
$0 $0 $0
RAMON MORTON BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIE AMMONS SECRETARY 1.00
Officer Director
$0 $0 $0
TANIA FARRAG BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD HUG BOARD MEMBER 1.00
Director
$0 $0 $0
ROSALIND PARR BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
JANET SEABROOK CEO/EXEC. DIR. 40.00
Officer
$245,482 $41,721 $287,203
MELVIN RICHARDSON PHYSICIAN 40.00
Highest
$201,471 $16,666 $218,137
SHAH A CHOWDHURY PEDIATRICIAN 40.00
Highest
$198,684 $6,795 $205,479
BETTY NAKITENDE NURSE PRACTITIONER 40.00
Highest
$154,500 $4,205 $158,705
CAMILLE A BORDERS NURSE PRACTITIONER 40.00
Highest
$152,618 $14,641 $167,259
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 $12,001,201 $12,504,835 $9,934,577 $-503,634
2022 $12,159,479 $11,957,534 $9,775,714 $201,945
2021 $10,248,509 $10,941,655 $7,820,906 $-693,146
2020 $11,053,137 $10,288,858 $8,101,381 $764,279
2019 $9,972,373 $9,312,987 $7,523,696 $659,386
2018 $8,565,848 $8,183,479 $6,334,332 $382,369
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