RURAL HEALTH NETWORK OF MONROE CO INC

EIN: 650474953 501(c)(3) Health Care

KEY WEST, FL

Total Revenue
$3,149,777
Total Expenses
$3,476,092
Total Assets
$2,320,776
Net Assets
$1,287,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
FL
Principal Officer
SCOTT RICKERT
Phone
3055176613
Tax Period
2024-07-01 to 2025-06-30

RURAL HEALTH NETWORK OF MONROE CO INC, founded in 1993, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE RURAL HEALTH NETWORK'S GOAL AND MISSION IS TO EXPAND ACCESS TO AFFORDABLE AND HIGH-QUALITY HEALTHCARE TO ALL MEMBERS OF ITS COMMUNITY IN MONROE COUNTY, FLORIDA.

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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 $1,936,445
Program Service Revenue $1,203,208
Investment Income $10,124
Other Revenue $0
TOTAL REVENUE $3,149,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,946,415
Fundraising Expenses $0
Program Expenses $2,509,749
Other Expenses $1,529,677
TOTAL EXPENSES $3,476,092

Year-over-Year Comparison

2024 2023 Change
Revenue $3,149,777 $2,627,816 +0.2%
Expenses $3,476,092 $3,380,195 +0.0%
Net Income $-326,315 $-752,379 -0.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
36
Volunteers
N/A

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR SCOTT RICKERT CHAIR OF THE BOARD 0.00
Officer Director
$0 $0 $0
DR ALAN TEITELBAUM VICE CHAIR 0.00
Officer Director
$0 $0 $0
PAT DAVIS SECRETARY 0.00
Officer Director
$0 $0 $0
ARIDA WRIGHT MEMBER 0.00
Director
$0 $0 $0
CARL SCHUTZE MEMBER 0.00
Director
$0 $0 $0
GERRI GATES MEMBER 0.00
Director
$0 $0 $0
JOHN DICK MEMBER 0.00
Director
$0 $0 $0
PAULETTE ETTACHILD MEMBER 0.00
Director
$0 $0 $0
RICK HASKINS MEMBER 0.00
Director
$0 $0 $0
VICTORIA ASHMORE TREASURER 0.00
Officer Director
$0 $0 $0
AMY HALSTEAD CEO 40.00
Highest
$158,702 $0 $158,702
ARTHUR POWELL PA 40.00
Highest
$110,453 $0 $110,453
TAWEH BEYSOLOW CMO 40.00
Highest
$104,255 $0 $104,255
MARY TURNER ARNP 40.00
Highest
$109,695 $0 $109,695
JOHN VALLILEE DENTIST 1.00
Highest
$150,819 $0 $150,819
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 $3,149,777 $3,476,092 $2,320,776 $-326,315
2024 $2,627,816 $3,380,195 $2,629,240 $-752,379
2023 $3,606,270 $3,269,234 $3,401,729 $337,036
2022 $2,783,978 $2,806,308 $2,696,967 $-22,330
2021 $3,556,063 $2,617,550 $2,718,116 $938,513
2020 $2,511,997 $2,277,852 $1,996,125 $234,145
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