HEALTHNET OF ROCK COUNTY INC (EIN 391778804) - 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

1993

Legal Domicile

Principal Officer

KERRY SWANSON

Phone

6087564638

Tax Period

2023-07-01 to 2024-06-30

HEALTHNET OF ROCK COUNTY INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $4.6M left a modest 4% surplus.

Mission

DEDICATED TO EXCELLENCE AND INNOVATION IN THE PROVISION OF PRIMARY HEALTH AND DENTAL CARE AND HEALTH EDUCATION, DELIVERED FREE OR AT LOW COST, TO ENHANCE THE QUALITY OF LIFE FOR THE UNDERSERVED RESIDENTS OF ROCK COUNTY, WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,774,071

Program Service Revenue $979,626

Investment Income $13,496

Other Revenue $6,942

TOTAL REVENUE $4,774,135

Expense Breakdown

Grants Paid $1,857,258

Salaries & Benefits $2,120,926

Fundraising Expenses $91,940

Program Expenses $3,864,819

Other Expenses $597,253

TOTAL EXPENSES $4,575,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,774,135	$5,971,069	-0.2%
Expenses	$4,575,437	$5,575,723	-0.2%
Net Income	$198,698	$395,346	-0.5%

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

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

$93,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DAVIS JD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNY WUNN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PENDELL	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC POPP DDS	VICE-PRESIDENT/DENTAL ADVISOR	1.00	Officer Director	$0	$0	$0
JANET BARKHOU MD	MEDICAL ADVISOR	1.00	Officer Director	$0	$0	$0
JUSTIN DEUBEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTI NEWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BACHMEYER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE MURRAY PHARMD	DIRECTOR	1.00	Director	$0	$0	$0
MATT KEALY	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCHELL KOPNICK MD	DIRECTOR	1.00	Director	$0	$0	$0
DON HANDROW	DIRECTOR	1.00	Director	$0	$0	$0
GARY BERSELL	DIRECTOR	1.00	Director	$0	$0	$0
KERRY SWANSON	CHIEF EXECUTIVE OFFICER (BEG MAY)	40.00	Officer	$0	$0	$0
IAN HEDGES	CHIEF EXECUTIVE OFFICER (THRU MAY)	40.00	Officer	$88,584	$5,403	$93,987

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	No data	No data	No data	No data
2024	$4,774,135	$4,575,437	$3,890,641	$198,698
2023	$5,971,069	$5,575,723	$3,783,785	$395,346
2022	$5,850,835	$3,790,927	$3,479,885	$2,059,908
2021	$3,250,840	$2,824,717	$1,449,660	$426,123
2020	$2,732,862	$2,720,412	$668,190	$12,450
2019	$2,570,613	$2,673,297	$505,847	$-102,684
2018	$2,262,032	$2,339,015	$609,333	$-76,983

HEALTHNET OF ROCK COUNTY INC