INDEPENDENT HEALTH NETWORK INC (EIN 472845823) - 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

2015

Legal Domicile

Principal Officer

RODNEY TRIPLETT

Phone

4024767333

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT HEALTH NETWORK INC, founded in 2015, is a small nonprofit in the Health Care sector that reported $418K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $471K exceeded revenue, resulting in a 13% operating deficit.

Mission

INDEPENDENT HEALTH NETWORK, INC.'S ("CHARITY") PURPOSE IS TO ORGANIZE AND OPERATE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3); IN PARTICULAR, TO PROMOTE HEALTH BY ALLOWING RURAL HEALTH CARE PROVIDERS TO MORE EFFECTIVELY PROVIDE HIGH-QUALITY, LOW-COST HEALTH CARE SERVICES TO THE COMMUNITIES THEY SERVE. THE CHARITY'S PRIMARY ACTIVITY IN SUPPORT OF THIS PURPOSE WILL BE TO MAKE AVAILABLE TO THOSE PROVIDERS ACCESS TO A BROADBAND TELECOMMUNICATIONS NETWORK AND THE INTERNET.

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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 $0

Program Service Revenue $398,672

Investment Income $19,368

Other Revenue $0

TOTAL REVENUE $418,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $368,933

Other Expenses $471,419

TOTAL EXPENSES $471,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,040	$449,119	-0.1%
Expenses	$471,419	$439,187	+0.1%
Net Income	$-53,379	$9,932	-6.4%

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

N/A

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

$509,416

Total Directors

$509,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY TRIPLETT	PRESIDENT & CEO	5.00	Officer Director	$0	$51,643	$509,416
CURTIS HAWKINSON	BOARD CHAIR	0.20	Officer Director	$0	$0	$0
TIM SCHNACK	VICE CHAIR	0.20	Officer Director	$0	$0	$0
AMANDA ROEBUCK	DIRECTOR	0.20	Director	$0	$0	$0
TREG VYZOUREK	DIRECTOR	0.20	Director	$0	$0	$0
STACY KNOX	DIRECTOR	0.20	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	No data	No data	No data	No data
2024	$418,040	$471,419	$343,503	$-53,379
2023	$449,119	$439,187	$413,565	$9,932
2022	$603,701	$511,506	$385,831	$92,195
2021	$1,104,337	$908,061	$295,741	$196,276
2020	$1,009,249	$1,052,913	$183,091	$-43,664
2019	$1,117,237	$1,238,524	$192,211	$-121,287
2018	$454,322	$1,096,937	$278,233	$-642,615

INDEPENDENT HEALTH NETWORK INC