Healthnet Inc
81% goes to programs $3 to raise $100
Healthnet Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 1984, with $83,684,379 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
3403 E Raymond St, Indianapolis, IN, 46203 EIN 35-1579827 Since 1984
Revenue (FY2024)
$83.7M
▼ 2.2% vs prior year
Health median: $840K
Expenses (FY2024)
$83.3M
Net assets
$20.8M
Employees
872
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $3 to raise $100
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. For Healthnet Inc: 81% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +0% 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 Healthnet Inc: 3 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Healthnet Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Healthnet Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of healthnet, inc. is to improve lives with compassionate health care and support services, regardless of ability to pay.
What they do
Healthnet, inc. provided 7,451 home visits through its healthy families programs in 2024. 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 8 sites around the city of indianapolis and 3 locations in bloomington . the homeless initiative program provides primary medical care, permanent housing search and placement, street outreach services, case management services, and employment training services. in 2024, the homeless initiative program provided services to 1,449 homeless clients.
Healthnet, inc. also provided medical services in 8 schools in indianapolis. the school-based clinic program provided 2,886 primary care visits, as well as numerous nurse visits, medication management services, social services, and outreach programs to school-aged children.
Contact & location
- Address
- 3403 E Raymond St, Indianapolis, IN, 46203
- City
- Indianapolis
- State
- Indiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.1M (FY2013) to $83.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24.5MNet assets $20.8M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$45.3M
Total liabilities
$24.5M
Net assets
$20.8M
Salaries & benefits
$59.8M
72% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $83,684,379▼2.2% | $83,291,158▼6.8% | $20,827,698▲1.9% | $45,303,591▼0.4% | 990 |
| 2023 | $85,532,246▲5.9% | $89,403,493▲5.4% | $20,434,477▼16.5% | $45,470,418▲0.6% | 990 |
| 2022 | $80,784,256▼2.2% | $84,831,044▲11.8% | $24,457,889▼14.6% | $45,218,082▲17.8% | 990 |
| 2021 | $82,635,929▲30.0% | $75,861,075▲10.8% | $28,640,727▲32.9% | $38,369,319▲13.2% | 990 |
| 2020 | $63,561,257▼12.4% | $68,483,005▲9.3% | $21,557,477▼18.5% | $33,908,365▲7.0% | 990 |
| 2019 | $72,517,486▲21.3% | $62,653,768▼2.7% | $26,453,348▲59.4% | $31,677,021▲26.1% | 990 |
| 2018 | $59,783,096▼31.5% | $64,402,918▲1.8% | $16,597,523▼21.9% | $25,119,043▼25.6% | 990 |
| 2017 | $87,233,649▲40.7% | $63,255,520▼1.8% | $21,245,158▲879% | $33,762,698▲27.8% | 990 |
| 2016 | $62,018,464▲5.0% | $64,416,372▲8.8% | -$2,726,993▼128% | $26,423,251▼7.1% | 990 |
| 2015 | $59,073,351▲4.7% | $59,213,458▲7.5% | $9,720,517▲4.3% | $28,455,240▲4.7% | 990 |
| 2014 | $56,433,120▲8.2% | $55,091,525▲0.7% | $9,316,209▲15.3% | $27,174,314▲2.6% | 990 |
| 2013 | $52,137,486 | $54,683,013▲7.4% | $8,076,738▼24.3% | $26,494,549▲3.4% | 990 |
| 2012 | — | $50,916,430▲5.5% | $10,671,143▼15.5% | $25,625,659▲1.5% | 990 |
| 2011 | — | $48,259,086▲11.7% | $12,623,092▲42.4% | $25,235,717▲29.6% | 990 |
| 2010 | — | $43,187,937 | $8,864,345 | $19,474,368 | 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.
Leadership & compensation (FY2024)
Highest-paid: Ricardo Diaz — $403,870 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ricardo Diaz | President & Ceo | 40 | $403,870 |
| Jana Seitz Md | Obgyn Med Dir | 40 | $398,295 |
| Mary Trainor Md | Obgyn Hospitalist | 40 | $356,284 |
| Varon Cantrell | Chief Medical Officer | 40 | $349,909 |
| Kiersa Durgee Md | Obgyn Hospitalist | 40 | $346,896 |
| Emily Bowsher Md | Obgyn Hospitalist | 40 | $333,257 |
| Brent Pickett Md | Obgyn Hospitalist | 40 | $260,872 |
| Rene Kougel | President/ceo/coo | 40 | $231,570 |
| Joseph Lackey | Chief Financial Officer | 40 | $203,429 |
| Sheila Allen | Chief Administrative Officer | 40 | $188,496 |
| Kay Johnson | Chief Communications and Grants Officer | 40 | $184,529 |
| Dan Wegg | Chief Compliance Officer | 40 | $148,230 |
| Cynthia Brumbarger | Interim Chief External Affairs Officer | 40 | $106,026 |
| Eli Chavez | Board Member | 2 | — |
| Justin Thang | Board Member - End 5/2024 | 2 | — |
| Kathy Church | Board Member | 2 | — |
| Marcus Debro | Board Member | 2 | — |
| Maria Tishner | Secretary | 2 | — |
| Nicole Barnes | Board Member | 2 | — |
| Rob Santa | Chairperson & President | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mckesson Medical-surgical Inc | Medical Supplies | $1,541,606 |
| Mattingl Construction Company | Construction | $1,126,695 |
| Mcgowan Insurance Group Inc | Insurance | $578,839 |
| Eclinicalworks LLC | It Services | $556,700 |
| Southeast Community Service Inc | Lease | $536,607 |
Grants received · $18.2M total
38 grants to Healthnet Inc totaling $18.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Indiana University Health Inc | General support | 2024 | $650,000 |
| Indiana University Health Inc | General support | 2023 | $627,000 |
| Early Learning Indiana Inc | Early years initiative | 2023 | $306,000 |
| Indianapolis Foundation Inc | Holistic housing diversion project | 2023 | $50,000 |
| Indiana University Health Inc | General support | 2022 | $1,254,000 |
| United Way of Central Indiana Inc | Donor choice | 2022 | $11,440 |
| United Way of Central Indiana Inc | Program and/or operating support | 2022 | $540 |
| Indiana University Health Inc | General support | 2021 | $1,254,000 |
| Direct Relief | Helping build healthy comm awards - bd | 2021 | $270,000 |
| United Way of Central Indiana Inc | Program and/or operating support | 2021 | $35,000 |
| United Way of Central Indiana Inc | Donor choice | 2021 | $840 |
| Indiana University Health Inc | General support | 2020 | $1,504,000 |
| Direct Relief | Safety net support, covid19-us | 2020 | $150,000 |
| Direct Relief | Safety net support, covid19-us | 2020 | $150,000 |
| Direct Relief | Safety net support, covid19-us | 2020 | $150,000 |
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Frequently asked questions
- Is Healthnet Inc a legitimate nonprofit?
- Yes. Healthnet Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1579827, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Healthnet Inc's EIN?
- Healthnet Inc's Employer Identification Number (EIN) is 35-1579827.
- How much revenue does Healthnet Inc report?
- Healthnet Inc reported $83,684,379 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Healthnet Inc's spending goes to programs?
- Healthnet Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Healthnet Inc have?
- CharityIndex grades Healthnet Inc A, based on program efficiency and fundraising cost.
- How much does Healthnet Inc's highest-paid employee make?
- The highest reported compensation on Healthnet Inc's latest Form 990 is $403,870, paid to Ricardo Diaz (President & Ceo).
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Data for Healthnet Inc (EIN 35-1579827) 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.