Healthnet Inc
- Assets
- $38.4m
- Revenue
- $82.6m
- Investments
- $0.0
- Employees
- 895
- Location
- Indianapolis, IN
- Founding
- 09/1984
- Data as of
- 12/2021
- EIN
- 35-1579827
Organization Overview
Healthnet Inc is located in Indianapolis, IN. The organization was established in 1984. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Healthnet Inc employed 895 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthnet 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 12/2021, Healthnet Inc generated $82.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $75.9m during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HEALTHNET, INC. IS TO IMPROVE LIVES WITH COMPASSIONATE HEALTH CARE AND SUPPORT SERVICES, REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHNET, INC. PROVIDES PRIMARY MEDICAL CARE AT VARIOUS SITES IN THE CITY OF INDIANAPOLIS INCLUDING: BARRINGTON HEALTH CENTER, SOUTHEAST HEALTH CENTER, SOUTHWEST HEALTH CENTER, PEOPLE'S HEALTH CENTER, MARTINDALE-BRIGHTWOOD HEALTH CENTER, THE OB/GYN CARE CENTER AT THE TOWERS, THE PEDIATRIC & ADOLESCENT CARE CENTER, WEST HEALTH CENTER, NORTHEAST HEALTH CENTER, AND NORTHWEST HEALTH CENTER. IN 2021, HEALTHNET, INC. PROVIDED 160,279 PATIENT CARE MEDICAL VISITS TO 55,131 MEDICAL PATIENTS, 25,335 DENTAL VISITS TO 10,287 DENTAL PATIENTS, AND 28,054 BEHAVIORAL HEALTH VISITS TO 6,415 PATIENTS. IN 2021, HEALTHNET OB/GYNS AND CERTIFIED NURSE MIDWIVES DELIVERED 999 BABIES AND DELIVERED PRENATAL CARE TO 2,317 WOMEN.
HEALTHNET, INC. PROVIDED 7,748 HOME VISITS THROUGH ITS HEALTHY FAMILIES PROGRAMS. THIS PROGRAM IS A VOLUNTARY HOME VISITATION PROGRAM DESIGNED TO PROMOTE HEALTHY FAMILIES AND HEALTHY CHILDREN THROUGH A VARIETY OF SERVICES INCLUDING CHILD DEVELOPMENT, ACCESS TO HEALTH CARE AND PARENT EDUCATION. THE HEALTHY FAMILIES PROGRAM HELPS STRENGTHEN FAMILIES AND PROVIDES HEALTHY GROWTH AND DEVELOPMENT FOR CHILDREN.
HEALTHNET, INC. PROVIDED SERVICES TO HOMELESS CLIENTS WITH CARE PROVIDED AT 9 SITES AROUND THE CITY OF INDIANAPOLIS. THE HOMELESS INITIATIVE PROGRAM PROVIDES PRIMARY MEDICAL CARE, PERMANENT HOUSING SEARCH AND PLACEMENT, STREET OUTREACH SERVICES, CASE MANAGEMENT SERVICES, AND EMPLOYMENT TRAINING SERVICES. IN 2021, THE HOMELESS INITIATIVE PROGRAM PROVIDED SERVICES TO 2,874 HOMELESS CLIENTS.
HEALTHNET, INC. ALSO PROVIDED MEDICAL SERVICES IN 8 SCHOOLS IN INDIANAPOLIS. THE SCHOOL-BASED CLINIC PROGRAM PROVIDED 1,224 PRIMARY CARE VISITS, AS WELL AS NUMEROUS NURSE VISITS, MEDICATION MANAGEMENT SERVICES, SOCIAL SERVICES, AND OUREACH PROGRAMS TO SCHOOL-AGED CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Trainor MD Ob/gyn | 40 | $410,699 | |
Ricardo Diaz Coo/ceo | Officer | 40 | $389,857 |
Jana Seitz MD Ob/gyn | 40 | $365,575 | |
Emily Bowsher MD Ob/gyn | 40 | $332,940 | |
Tamara Mendez Torres MD Ob/gyn | 40 | $320,160 | |
Richard Reifenberg Chief Medical Officer | Officer | 40 | $303,095 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Krieg Devault Llp Legal Counsel | 12/30/21 | $432,030 |
Eclinicalworks Llc It Services | 12/30/21 | $354,289 |
Dell Financial Services It Services | 12/30/21 | $275,030 |
Lucidia It Llc It Services | 12/30/21 | $108,718 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,787 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,035 |
| Government grants | $20,503,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,984,419 |
| Noncash contributions included in lines 1a–1f | $2,272,426 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,536,469 |
| Total Program Service Revenue | $49,786,421 |
| Investment income | $65,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,048 |
| Net Gain/Loss on Asset Sales | -$31,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $82,635,929 |
| 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. | $2,313,966 |
| Compensation of current officers, directors, key employees. | $416,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,829,186 |
| Pension plan accruals and contributions | $1,521,334 |
| Other employee benefits | $7,133,033 |
| Payroll taxes | $3,116,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $478,458 |
| Fees for services: Accounting | $33,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,171,746 |
| Advertising and promotion | $66,989 |
| Office expenses | $876,668 |
| Information technology | $315,203 |
| Royalties | $0 |
| Occupancy | $3,955,802 |
| Travel | $59,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,186,344 |
| Insurance | $721,133 |
| All other expenses | $231,046 |
| Total functional expenses | $75,861,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,147 |
| Savings and temporary cash investments | $6,533,234 |
| Pledges and grants receivable | $2,260,289 |
| Accounts receivable, net | $4,219,093 |
| 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 | $498,713 |
| Net Land, buildings, and equipment | $13,269,335 |
| Investments—publicly traded securities | $7,543,876 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,907,632 |
| Total assets | $38,369,319 |
| Accounts payable and accrued expenses | $5,727,671 |
| Grants payable | $0 |
| Deferred revenue | $624,920 |
| 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 | $813,691 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,562,310 |
| Total liabilities | $9,728,592 |
| Net assets without donor restrictions | $28,640,727 |
| 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 | $38,369,319 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Healthnet Inc has recieved totaling $2,592,397.
| Awarding Organization | Amount |
|---|---|
Indiana University Health Inc Indianapolis, IN PURPOSE: General Support | $1,254,000 |
Indiana Family Health Council Inc Indianapolis, IN PURPOSE: TO PROVIDE FAMILY PLANNING SERVICES TO LOW-INCOME FAMILIES. | $400,054 |
United Health Foundation Minnetonka, MN PURPOSE: HEALTHNET MOBILE HEALTH/TELEHEALTH INITIATIVE | $333,334 |
Direct Relief Santa Barbara, CA PURPOSE: HELPING BUILD HEALTHY COMM AWARDS - BD | $270,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: COVID19 EMERGENCY RELIEF EFFORTS | $100,000 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: COVID19 EMERGENCY RELIEF EFFORTS | $100,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presence Central And Suburban Hospitals Network St Louis, MO | $520,201,301 | $798,952,140 |
Community Physicians Of Indiana Inc Indianapolis, IN | $101,048,784 | $378,135,531 |
Ssm Health Care Of Wisconsin Inc St Louis, MO | $1,113,460,770 | $681,842,146 |
Mercy Hospital Joplin Joplin, MO | $216,336,948 | $224,274,083 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Thedacare Inc Appleton, WI | $691,025,693 | $439,639,874 |
Ch Allied Services Inc Columbia, MO | $320,950,223 | $456,105,423 |
Community Hospitals Of Indiana Inc Indianapolis, IN | $779,256,997 | $322,956,027 |
St Vincent Health Inc St Louis, MO | $155,131,578 | $231,980,617 |
Carle Bromenn Medical Center Urbana, IL | $59,991,964 | $210,828,397 |
Coxhealth Springfield, MO | $970,222,612 | $196,417,581 |
Prohealth Medical Group Inc Waukesha, WI | $120,412,770 | $177,161,425 |