Healthnet Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE MISSION OF HEALTHNET, INC. IS TO IMPROVE LIVES WITH COMPASSIONATE HEALTH CARE AND SUPPORT SERVICES, REGARDLESS OF ABILITY TO PAY.
- Income
- $83.7 million
- Spending
- $83.3 million
- Spent on programs
- 81%
- Reserves
- 1.4 months of spending
- Largest source of income
- fees for its services, 71%
- Employees
- 872
- Volunteers
- 11
- Highest pay
- $424,378, president & ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 52 out of 100. Higher than 36% of charities in its peer group (health care, $10m to $100m).
Reserves
10 of 35Spendable reserves would cover 1.4 months of spending.
Debt
5 of 20It owes 54% of what it owns.
Living within its means
12 of 15Income exceeded spending by 0% of income.
Income trend
10 of 15Income fell 2% on the year before.
Spending floor
15 of 1581% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 52% of charities in its peer group (health care, $10m to $100m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $67.2 million spent. HEALTHNET, 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 DELIVERED PRENATAL CARE TO 1,436 WOMEN.
- 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1984.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.