FINANCIAL HEALTH NETWORK INC

CHICAGO, IL, 60602-3355 (312) 995-1535 Est. 2005 EIN 20-3006098
S30— Community Improvement Form 990 501(c)(3)
CFSINNOVATION.ORG

Mission

THE FINANCIAL HEALTH NETWORK IS A TRUSTED RESOURCE FOR BUSINESS LEADERS, POLICYMAKERS, AND INNOVATORS UNITED IN A MISSION TO IMPROVE THE FINANCIAL HEALTH OF THEIR CUSTOMERS, EMPLOYEES, AND COMMUNITIES. WE ENVISION A FUTURE WHERE ALL PEOPLE, ESPECIALLY THE MOST VULNERABLE, HAVE THE FINANCIAL SYSTEMS THEY NEED TO BE RESILIENT AND THRIVE. OUR MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL.

Giving Portfolio

Total Grants
67
Total Giving
$3.2M
Recipients
67
Years Active
2018 - 2022
Avg grant: $57,798 Median: $50,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20225$470K $94K41
20219$650K $72K90
202012$861K $72K93
201913$194K $15K58
201828$1.0M $36K280

Sectors Funded

Human Services
7
Philanthropy & Grantmaking
4
Community Improvement
4
Crime & Legal-Related
4
Arts, Culture & Humanities
2
Social Science
2
Environment
1
Education
1
and 3 more sectors

Top States

New York
22
California
19
District of Columbia
5
Illinois
5
Alabama
3
Massachusetts
2
Maryland
2
Iowa
1
and 8 more states

Grantee Size Profile

Over $50M
9
$1M - $5M
8
$5M - $10M
7
$100K - $500K
5
$10M - $50M
4
$500K - $1M
1

Top Grantees

ONWARD FINANCIAL INC
MD - 2 grants
$178K
$151K
CA
$150K
EDQUITY INC
NY
$150K
$125K
CA - 2 grants
$100K
and 15 more grantees

Grants Awarded · 34 grants

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Financials

Total Revenue
$15,680,196
Total Expenses
$11,426,970
Net Assets
$19,083,170
47 employees 9 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
20.0 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 34.8%
Expenses ↓ 4.6%
Revenue Sources
Contributions 52.4% Earned revenue 42.0% Investment 5.5%
Expense Breakdown
Program 82.5% Management 13.5% Fundraising 4.0%

Officers & Trustees (17)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 Form 990$15,680,196 $11,426,970$19,083,170
2023 Form 990$11,629,061 $11,982,404$15,148,032
2022 Form 990$19,220,654 $17,717,829$15,851,650
2021 Form 990$18,603,239 $18,394,468$14,050,178
2020 Form 990$21,613,660 $17,641,808$13,634,875
2019 Form 990$14,878,199 $15,807,016$9,636,346
2018 Form 990$12,101,988 $13,962,093$15,950,782

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EIN: 20-3006098 · Source: IRS Form 990 e-file data