Overview
What is Financial Health Network Inc?
Financial Health Network Inc is a Chicago-based nonprofit organization with a mission to enhance financial health for all. Through their Compass principles, proprietary research, insights, and events, they serve as a trusted resource for business leaders, policymakers, and innovators dedicated to improving the financial well-being of their customers, employees, and communities. The network fosters and accelerates consumer-focused innovation, with a vision of a future where everyone, especially the most vulnerable, has access to resilient financial systems. They employ 87 individuals in their mission.
Official website here: www.finhealthnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Financial Health Network Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's score reflects its strong performance in financial management, evidenced by a perfect score in several key areas, including the structure and independence of its board. With a 90% independent board and robust oversight mechanisms, the organization demonstrates a commitment to transparency and ethical governance.
The charity excels in its financial ratios, boasting an 82.34% program expense ratio, which means that a significant portion of its funding is directed towards its mission-related activities. Additionally, its fundraising efficiency is commendable, with only $0.06 spent to raise each dollar. These indicators reinforce the organization's effectiveness and operational efficiency.
While the rating highlights the organization’s strengths, it’s important for potential donors and supporters to consider the broader context of its impact within the community it serves. No significant limitations were noted, reflecting a well-managed organization that upholds high standards of accountability. Overall, Financial Health Network Inc stands out as a reliable nonprofit dedicated to promoting financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Financial Health Network Inc legitimate?
Financial Health Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Health Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,432,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,073,439
For more financial information, click here
Official website here: www.finhealthnetwork.org
What is the mission statement of Financial Health Network Inc?
The Financial Health Network is dedicated to enhancing financial health for all individuals. Acting as a trusted resource, the organization brings together business leaders, policymakers, and innovators in a shared commitment to improving the financial wellbeing of their customers, employees, and communities. The Financial Health Network envisions a future where everyone, particularly the most vulnerable, have access to the financial systems necessary for resilience and prosperity. The mission of the Financial Health Network is to promote financial health for all.
Official website here: www.finhealthnetwork.org
Who is the CEO of Financial Health Network Inc?
Jennifer Tescher is the CEO of Financial Health Network Inc The CEO's salary of Financial Health Network Inc is $357,000 and their total compensation is $435,663.
Official website here: www.finhealthnetwork.org
What is the revenue of Financial Health Network Inc?
Financial Health Network Inc's revenue in 2023 was $11,629,061.
Official website here: www.finhealthnetwork.org
Who are the executives of Financial Health Network Inc and what are their salaries?
The average compensation at Financial Health Network Inc during 2023 was $104,937. There are 62 employees and 9 volunteers at Financial Health Network Inc.
Here are 18 key members and their salaries (Financial Health Network Inc's CEO's salary is $357,000 and their total compensation is $435,663):
- Compensation: $357,000
- Related: $0
- Other: $78,663
- Compensation: $286,546
- Related: $0
- Other: $4,950
- Compensation: $270,300
- Related: $0
- Other: $13,910
- Compensation: $231,460
- Related: $0
- Other: $18,467
- Compensation: $226,427
- Related: $0
- Other: $18,732
- Compensation: $187,343
- Related: $0
- Other: $14,251
- Compensation: $189,598
- Related: $0
- Other: $4,976
- Compensation: $182,164
- Related: $0
- Other: $4,731
- Compensation: $162,848
- Related: $0
- Other: $8,525
- Compensation: $154,859
- Related: $0
- Other: $5,793
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.finhealthnetwork.org
Where can I find the form 990 for Financial Health Network Inc?
Financial Health Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.finhealthnetwork.org
Learn more at the official website: www.finhealthnetwork.org
Mission Statement of Financial Health Network Inc
The Financial Health Network, a mission-driven organization, is dedicated to enhancing financial health for all populations. Acting as a trusted resource for business leaders, policymakers, and innovators, the Financial Health Network is united by the shared vision of empowering individuals, particularly the most vulnerable, to access the financial systems necessary for resilience and prosperity. By improving financial health for all, the Network envisions a future where individuals have the means to overcome financial challenges and thrive.
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Impact
October, 2024
Financial Health Network Inc significantly impacts the financial landscape by leading a network of companies dedicated to fostering consumer-focused innovation. By implementing its Compass principles, the organization actively informs and connects businesses, policymakers, and innovators. This collaboration aims to drive advancements that directly benefit low and moderate-income Americans, enhancing their overall financial health.
Through proprietary research and insightful events, Financial Health Network equips its members with the necessary tools to create effective financial solutions. This not only transforms the financial services landscape but also empowers individuals, particularly the most vulnerable, to attain resilience and thrive within the financial system. The organization's commitment to improving the financial health of individuals and communities promotes lasting community improvement and economic stability across various demographics.
This information is meant to be a general summary of Financial Health Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $191,314
- Program Service Revenue: $5,536,681
- Gross Receipts: $11,664,467
Assets and Liabilities:
- Total Assets: $18,968,499
- Total Liabilities: $3,116,849
- Net Assets: $15,851,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NETWORK REVENUES
Revenue
$2,438,230
CONSULTING FEES
Revenue
$2,055,171
EVENT REVENUES
Revenue
$554,550
OTHER
Revenue
$488,730
Organization Details
Founding Year
2005
Principal Officer
Kelly Emery
Website
www.finhealthnetwork.orgNTEE Category
Code: S30 - Community improvement
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