Financial Health Network Inc
Only null% goes to programs Strong reserves Declining revenue
Financial Health Network Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 2006, with $15,680,196 in FY2024 revenue. CharityIndex grades it B.
30 N La Salle St Ste 2040, Chicago, IL, 60602 EIN 20-3006098 Since 2006
Revenue (FY2024)
$15.7M
▲ 34.8% vs prior year
Community median: $184K
Expenses (FY2024)
$11.4M
Net assets
$19.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Financial Health Network Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +27% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Financial Health Network Inc: 20 mo reserves · +27% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Financial Health Network Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Financial Health Network Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 30 N La Salle St Ste 2040, Chicago, IL, 60602
- City
- Chicago
- State
- Illinois
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $5.0M (FY2013) to $15.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.7MNet assets $19.1M
Operating margin
27.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$22.8M
Total liabilities
$3.7M
Net assets
$19.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $15,680,196▲34.8% | $11,426,970▼4.6% | $19,083,170▲26.0% | $22,786,307▲21.7% | 990 |
| 2023 | $11,629,061▼39.5% | $11,982,404▼32.4% | $15,148,032▼4.4% | $18,727,767▼1.3% | 990 |
| 2022 | $19,220,654▲3.3% | $17,717,829▼3.7% | $15,851,650▲12.8% | $18,968,499▼3.6% | 990 |
| 2021 | $18,603,239▼13.9% | $18,394,468▲4.3% | $14,050,178▲3.0% | $19,686,455▼1.7% | 990 |
| 2020 | $21,613,660▲45.3% | $17,641,808▲11.6% | $13,634,875▲41.5% | $20,024,730▲26.7% | 990 |
| 2019 | $14,878,199▲22.9% | $15,807,016▲13.2% | $9,636,346▼39.6% | $15,800,612▼14.3% | 990 |
| 2018 | $12,101,988▲2.5% | $13,962,093▲8.4% | $15,950,782▼10.5% | $18,439,448▼10.0% | 990 |
| 2017 | $11,802,319▲89.9% | $12,880,812▲5.2% | $17,830,707▼5.9% | $20,491,825▼0.2% | 990 |
| 2016 | $6,216,175▲20.1% | $12,241,718▲5.2% | $18,957,813▼23.7% | $20,535,974▼22.2% | 990 |
| 2015 | $5,175,710▼84.6% | $11,635,053▲49.5% | $24,846,599▼19.9% | $26,409,318▼18.5% | 990 |
| 2014 | $33,610,479▲577% | $7,780,433▼9.5% | $31,018,700▲505% | $32,387,445▲314% | 990 |
| 2013 | $4,964,884 | $8,594,388▲85.6% | $5,129,097▼41.2% | $7,815,900▼19.5% | 990 |
| 2012 | — | $4,630,070▼10.7% | $8,726,319▲273% | $9,705,868▲129% | 990 |
| 2011 | — | $5,185,035▲84.4% | $2,336,762▼34.3% | $4,231,093▼0.7% | 990 |
| 2010 | — | $2,811,778 | $3,554,885 | $4,259,250 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $9.3M total
29 grants to Financial Health Network Inc totaling $9.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| AARP | Sponsorship of conference | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $7,500 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $630,000 |
| Silicon Valley Community Foundation | Civic participation | 2023 | $95,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $8,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $100,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $100,000 |
| The Chicago Community Trust | To provide funding to support further analysis of the financial health chicago pulse data. | 2022 | $30,000 |
| The Chicago Community Trust | In support of financial health network to design and implement a local version of the fhn national survey. in support of financial health network to design and implement a local version of the fhn national survey, from the searle funds at the chicago community trust. | 2021 | $700,000 |
| The Chicago Community Trust | In support of financial health network to design and implement a local version of the fhn national survey. in support of financial health network to design and implement a local version of the fhn national survey, from the searle funds at the chicago community trust. | 2021 | $700,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $36,100 |
| Charities Aid Foundation America | Charitable donation | 2021 | $29,750 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2021 | $25,000 |
| American Online Giving Foundation Inc | General support | 2021 | $25,000 |
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Frequently asked questions
- Is Financial Health Network Inc a legitimate nonprofit?
- Yes. Financial Health Network Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3006098, based in Chicago, Illinois. Donations are tax-deductible.
- What is Financial Health Network Inc's EIN?
- Financial Health Network Inc's Employer Identification Number (EIN) is 20-3006098.
- How much revenue does Financial Health Network Inc report?
- Financial Health Network Inc reported $15,680,196 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Financial Health Network Inc have?
- CharityIndex grades Financial Health Network Inc B, based on financial health (reserves and operating margin).
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Data for Financial Health Network Inc (EIN 20-3006098) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.