Healthnet
Healthnet reported $83.7 million in revenue and $83.3 million in expenses for calendar year 2024. Of every $100 it spent, $80.65 went to program services, $18.63 to management and general costs and $0.72 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.4% of the total. Government grants made up 21.3%. The highest compensation it reported for one person was $424,378 (PRESIDENT & CEO). 126 people received more than $100,000 in reportable compensation. Revenue rose 15% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $83MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $84MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.6% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 21.3% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 71.4% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $424,378 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.51% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 126 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHealthnet, 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, downtown health center, speedway health center, and northeast health center. In 2024, healthnet, inc. Provided 154,582 patient care medical visits to 53,378 medical patients, 34,755 dental visits to 10,144 dental patients, and 32,790 behavioral health visits to 6,415 patients. In 2024, healthnet ob/gyns and certified nurse midwives delivered 1,154 babies and…
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $403,870 | $0 | $20,508 | $424,378 |
| OBGYN MED DIR Highest compensated employee, 40.00 hrs/week | $398,295 | $0 | $23,153 | $421,448 |
| CHIEF MEDICAL OFFICER Officer, 40.00 hrs/week | $349,909 | $0 | $29,601 | $379,510 |
| OBGYN HOSPITALIST Highest compensated employee, 40.00 hrs/week | $346,896 | $0 | $32,249 | $379,145 |
| OBGYN HOSPITALIST Highest compensated employee, 40.00 hrs/week | $356,284 | $0 | $22,292 | $378,576 |
| OBGYN HOSPITALIST Highest compensated employee, 40.00 hrs/week | $333,257 | $0 | $31,236 | $364,493 |
| OBGYN HOSPITALIST Highest compensated employee, 40.00 hrs/week | $260,872 | $0 | $32,616 | $293,488 |
| PRESIDENT/CEO/COO Officer, 40.00 hrs/week | $231,570 | $0 | $15,444 | $247,014 |
126 people received more than $100,000 in reportable compensation from Healthnet (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5872
- Volunteers Part I, line 611
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| 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 |
Individuals listed as contractors are left out. 39 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Healthnet totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Healthnet's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Healthnet, you can publish a response that is linked from this page.
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Of every $100 Healthnet spent in 2024, $80.65 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mosaic Community HealthBend, OR · revenue $84M · programs 79.8% · FY2025
- Petaluma Health CenterPetaluma, CA · revenue $84M · programs 78.7% · FY2025
- Donor Network of ArizonaTempe, AZ · revenue $83M · programs 85.2% · 2024
- Southern Illinois Medical Services NFPCarbondale, IL · revenue $84M · programs 92.7% · FY2025
- Cook Children's Home HealthFort Worth, TX · revenue $83M · programs 73.7% · FY2025
Questions people ask
How much of Healthnet's spending goes to programs?
In calendar year 2024, Healthnet reported that 80.6% of its $83.3 million in expenses went to program services, 18.6% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Healthnet pay its top executive?
The largest total compensation Healthnet reported for one person in calendar year 2024 was $424,378, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Healthnet get its money?
Of $83.7 million in revenue in calendar year 2024, 28.4% came from contributions and grants (including 21.3% from government grants) and 71.4% from program service revenue (Form 990, Part VIII).
Is Healthnet a registered charity?
The IRS lists EIN 35-1579827 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523169349301137 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413129349303446 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349311342 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233159349302823 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133189349301608 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023149349300807 · read the filing
All filings for EIN 35-1579827: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.