HEALTH CARE 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

1987

Legal Domicile

Principal Officer

ALISON SERGIO

Phone

2626322400

Tax Period

2024-07-01 to 2025-06-30

HEALTH CARE NETWORK INC, founded in 1987, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $370K, a strong 24% operating margin.

Mission

MISSION IS TO PROVIDE FREE/LOW COST HEALTH CARE TO RESIDENTS OF RACINE COUNTY WHO HAVE NO HEALTH INSURANCE AND ARE OF LIMITED INCOME. ALL HEALTH CARE IS PROVIDED BY VOLUNTEERS.

Program Service Accomplishments

Program 1

Expenses: $741,320 Revenue: $3,611

HEALTH CARE NETWORK, INC. PROVIDES FREE OR LOW COST HEALTH AND DENTAL CARE TO RESIDENTS OF RACINE COUNTY WHO ARE LOW INCOME (UNDER 200% FPL) AND UNINSURED. VOLUNTEER MEDICAL AND DENTAL PROVIDERS...

HEALTH CARE NETWORK, INC. PROVIDES FREE OR LOW COST HEALTH AND DENTAL CARE TO RESIDENTS OF RACINE COUNTY WHO ARE LOW INCOME (UNDER 200% FPL) AND UNINSURED. VOLUNTEER MEDICAL AND DENTAL PROVIDERS DONATE THEIR TIME AND SKILLS TO PROVIDE CARE. THE AGENCY ALSO PROVIDES PRESCRIPTION ASSISTANCE, SYSTEMS NAVIGATION ASSISTANCE AND SOCIAL SERVICES.

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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 $1,291,070

Program Service Revenue $0

Investment Income $201,873

Other Revenue $51,662

TOTAL REVENUE $1,544,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $824,547

Fundraising Expenses $46,694

Program Expenses $741,320

Other Expenses $350,518

TOTAL EXPENSES $1,175,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,544,605	$1,245,619	+0.2%
Expenses	$1,175,065	$1,080,412	+0.1%
Net Income	$369,540	$165,207	+1.2%

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

200

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

$129,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON SERGIO	EXECUTIVE DIR.	40.00	Officer	$113,388	$16,099	$129,487
SAMANTHA ANDEREGG-BOTICKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH HELDING MSN RN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID ISAACSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLISON KIRKLIN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG HELDING	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA KIVENAS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MUNRO DDS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
AMRINDER SINGH	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CONLEY	DIRECTOR	1.00	Director	$0	$0	$0
LAURA POWELL	DIRECTOR	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
2025	$1,544,605	$1,175,065	$6,154,896	$369,540
2024	No data	No data	No data	No data
2023	$1,317,197	$1,208,824	$5,514,509	$108,373
2022	$1,442,341	$1,029,300	$4,723,302	$413,041
2021	$902,973	$924,754	$4,876,000	$-21,781
2020	$802,205	$895,254	$4,042,897	$-93,049
2019	$1,105,382	$769,189	$4,324,371	$336,193
2018	$901,539	$726,782	$3,786,063	$174,757