Nonprofit screen
Screen a listHealthnet Inc
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Listed with the IRS, but California flags it.
Check its California registration before you grant.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Not current
- Charity type
- 509(a)(2)
$84Mrevenue
FY2024 · +1% in 3 yrs872staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin0.5%
Months of reserve0.5mo
Revenue growth (annualized)−0.6%
Middle half of peersMedianHealthnet
Where the money goes FY2024 · $83M spent
Programs$67M81%Management and general$16M19%Fundraising$598k1%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$4.0M in FY2022 and −$3.9M in FY2023. Cash covers 0.5 months, under the peer median of 1.7.
990 Part I and balance sheetIn its favor3
Strong governance
11 of 11 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIFunders stay
5 of the 7 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant listsA history of government grants
Government grants on 8 of its 8 returns, 21% of revenue in FY2024. $101M is traced federal awards from Department of Health and Human Services.
990 Part VIII · USAspending26funders
$3.1Ma year, last 3 years
34%from its largest funder
Funder’17’18’19’20’21’22’23Indiana University Health IncEvery year since FY2017$1.4M$2.1M$1.8M$1.5M$1.3M$1.3M$627kIndiana Family Health Council IncEvery year since FY2017$281k$345k$343k$325k$400k$377k$523kLilly Endowment IncSince FY2021$200k$1.4M$750kUnited Way of Central Indiana IncEvery year since FY2017$774k$390k$222k$105k$26k$36k$12kUnited Health FoundationSince FY2021$333k$667k$333kEarly Learning Indiana IncNew in FY2023$306kDonor-advised giftsDonors not disclosed$55k$13k$18k$8k$8k$63k10 other fundersUp to $270k a year each$2k$114k$242k$369k$100k
FundedThrough a donor-advised fund