Delaware Health Net Inc
- Assets
- $593.5k
- Revenue
- $837.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Wilmington, DE
- Founding
- 01/2005
- Data as of
- 08/2022
- EIN
- 20-1336340
Organization Overview
Delaware Health Net Inc is located in Wilmington, DE. The organization was established in 2005. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 08/2022, Delaware Health Net Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Health Net Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Delaware Health Net Inc generated $837.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $914.4k during the year ending 08/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST MEMBER ORGANIZATIONS IN PURSUIT OF THEIR INDVIDUAL AGENCY MISSIONS, ENHANCE AND DEVELOP CLINICAL AND BUSINESS TOOLS, AND TO CONTINUE TO FOSTER A COLLABORATIVE AND TRUSTING RELATIONSHIP AMONG ITS MEMBER ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELAWARE HEALTH NET, INC. COLLABORATES WHERE POSSIBLE TO REALIZE COST SAVINGS; SHARE EXPERTISE; ESTABLISH CONSISTENCY IN THE SCOPE AND QUALITY OF SERVICES PROVIDED TO COLLABORATE PATIENTS BY FOCUSING ON THE INTEGRATION AND STANDARDIZATION OF CLINICAL SERVICES, AND INFORMATION SYSTEMS; ASSURE VIABILITY OF COLLABORATORS TO MAINTAIN AND EXPAND ACCESS TO PRIMARY HEALTH CARE SERVICES TO THE MEDICALLY UNDERSERVED THROUGH DEVELOPMENT OF TECHNICAL RESOURCES; AND TO BUILD UPON SIGNIFICANT AND LONG-STANDING VERTICAL AND HORIZONTAL RELATIONSHIPS EXISTING AMONG COLLABORATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Olson President | OfficerTrustee | 1 | $0 |
Shay Scott Vice Preside | OfficerTrustee | 1 | $0 |
Beatrice Chiemelu Secretary/tr | OfficerTrustee | 1 | $0 |
Brenda Pusey Director | Trustee | 1 | $0 |
Deb Parker Officer | Trustee | 1 | $0 |
Yvette Gbemudu Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,250 |
| Government grants | $651,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $2,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,568 |
| Total Program Service Revenue | $155,880 |
| Investment income | $190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $837,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,490 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,850 |
| Payroll taxes | $23,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,382 |
| Advertising and promotion | $0 |
| Office expenses | $410 |
| Information technology | $98,831 |
| Royalties | $0 |
| Occupancy | $2,250 |
| Travel | $30,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,576 |
| Insurance | $2,981 |
| All other expenses | $0 |
| Total functional expenses | $914,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $246,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $92,605 |
| Net Land, buildings, and equipment | $109,784 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,466 |
| Accounts payable and accrued expenses | $23,850 |
| Grants payable | $0 |
| Deferred revenue | $95,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $118,850 |
| Net assets without donor restrictions | $474,616 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $593,466 |