HEALTH CARE NETWORK INC

EIN: 421299913 501(c)(3) Health Care

RACINE, WI

Total Revenue
$1,544,605
Total Expenses
$1,175,065
Total Assets
$6,154,896
Net Assets
$5,636,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WI
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.

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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 (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

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Governance

Voting Members
12
Independent Members
12
Employees
13
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
5
$129,487
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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