FINANCIAL HEALTH NETWORK INC Charity Report

Public IRS 990 nonprofit record

FINANCIAL HEALTH NETWORK INC

EIN 20-3006098 · Economic Development (S30)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

60.10%of revenue went to mission work82.5% of expenses · Program services

2.93%of revenue went to fundraising4.0% of expenses

$72.88spent for every $100 of revenueRevenue covered expenses this year.

9.84%of revenue went to management and office costs13.5% of expenses

$1.99in assets for every $1 spent this yearSome assets cannot be spent right away.

52.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $388,743 for JENNIFER TESCHER (PRESIDENT AND CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$15,680,196

Mission workProgram services$9,424,57760.10% of revenue82.5% of expenses

ManagementOffice and general costs$1,543,7119.84% of revenue13.5% of expenses

FundraisingAsking for donations$458,6822.93% of revenue4.0% of expenses

Revenue left after expensesReported annual surplus$4,253,22627.12% of revenueShown in gray on the chart

Total expenses$11,426,97072.88% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.5% mission · 13.5% management · 4.0% fundraisingTotal expenses: 72.88% of revenue

2023Expense mix: 81.3% mission · 14.4% management · 4.3% fundraisingTotal expenses: 103.04% of revenue

2022Expense mix: 82.6% mission · 13.6% management · 3.8% fundraisingTotal expenses: 92.18% of revenue

2021Expense mix: 81.8% mission · 14.0% management · 4.2% fundraisingTotal expenses: 98.88% of revenue

2020Expense mix: 82.7% mission · 13.3% management · 4.0% fundraisingTotal expenses: 81.62% of revenue

2019Expense mix: 89.6% mission · 9.0% management · 1.3% fundraisingTotal expenses: 106.24% of revenue

2018Expense mix: 89.9% mission · 8.8% management · 1.3% fundraisingTotal expenses: 115.37% of revenue

2017Expense mix: 89.7% mission · 8.9% management · 1.4% fundraisingTotal expenses: 109.14% of revenue

Money in and money out

Revenue$15,680,196

Expenses$11,426,970

Annual surplus $4,253,226 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,424,577 · 82.5% of expenses

Management and office costs$1,543,711 · 13.5% of expenses

Fundraising$458,682 · 4.0% of expenses

See all reported dollar amounts

Revenue$15,680,196

Expenses$11,426,970

Assets$22,786,307

Income$15,757,797

Contributions$8,222,359

Mission work (program services)$9,424,577

Fundraising$458,682

Grants given$3,862,276

Average grant$38,623

Management and general$1,543,711

Executive compensation (total)$1,564,740

Accounting fees$50,691

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JENNIFER TESCHERPRESIDENT AND CHIEF EXECUTIVE OFFICER · 40 hrs/week $388,743Base $374,850 · Other $13,893

KELLY EMERYCHIEF OPERATING OFFICER · 40 hrs/week $303,317Base $295,222 · Other $8,095

ADEEB MAHMUDCHIEF PROGRAM OFFICER · 40 hrs/week $282,626Base $273,156 · Other $9,470

SARAH GORDONCHIEF MARKET AND BUSINESS DEVELOPMENT OFFICER · 36 hrs/week $251,971Base $238,256 · Other $13,715

MATTHEW BAHLVP, WORKPLACE MARKET LEAD · 40 hrs/week $245,604Base $224,400 · Other $21,204

MARISA WALSTERVP, FINANCIAL SERVICES SOLUTIONS · 40 hrs/week $220,199Base $209,475 · Other $10,724

DANA BOWIE EARLESVP, FINANCE & OPS (FROM 1/10/24) · 40 hrs/week $201,413Base $182,728 · Other $18,685

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

JENNIFER TESCHERPRESIDENT AND CHIEF EXECUTIVE OFFICER

KELLY EMERYCHIEF OPERATING OFFICER

ADEEB MAHMUDCHIEF PROGRAM OFFICER

SARAH GORDONCHIEF MARKET AND BUSINESS DEVELOPMENT OFFICER

MATTHEW BAHLVP, WORKPLACE MARKET LEAD

MARISA WALSTERVP, FINANCIAL SERVICES SOLUTIONS

DANA BOWIE EARLESVP, FINANCE & OPS (FROM 1/10/24)

SASHA DICHTERDIRECTOR

RODERICK KING MD MPHDIRECTOR

MELINDA HIGHTOWERTREASURER

MARK ERNSTCHAIR, TO 6/30/2024

JUDITH SAMUELSONDIRECTOR

JORGE FONTANEZDIRECTOR

GINA HARMANCHAIR, FROM 6/30/2024

ELLEN SEIDMANDIRECTOR

DR TAMARAH DUPERVAL-BROWNLEEDIRECTOR

DEBBIE BIANUCCIDIRECTOR

About this charity

Recognized since: January 2006
Location: 30 N LA SALLE ST STE 2040, CHICAGO, IL 60602-3355
County: Cook
In care of: % C BRITE
Primary officer: KELLY EMERY, COO

How to reach them

WebsiteVisit the charity’s website Emailinfo@finhealthnetwork.org Phone(312) 881-5856

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CHERRY BEKAERT ADVISORY LLC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes