2024-11-07T14:07:24-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2023-01-01 203006098 FINANCIAL HEALTH NETWORK INC FINA 3128815856 30 N LASALLE ST 2040 CHICAGO IL 60602 KELLY EMERY COO 3128815856 2024-10-25 1 1 MELANIE MCPEAK P01346034 8478888600 2023 2024-10-15 13:58:12Z FINANCIAL HEALTH NETWORK KELLY EMERY 30 N LASALLE ST 2040 CHICAGO IL 60602 11664467 0 X FINHEALTHNETWORK.ORG X 2005 IL THE FINANCIAL HEALTH NETWORK MISSION IS TO IMPROVE FINANCIAL HEALTH FOR ALL. 10 9 62 9 0 0 9297225 4867681 6205846 5536681 3717583 1224699 0 0 19220654 11629061 472572 25000 0 0 9816625 7504076 0 0 514096 7428632 4453328 17717829 11982404 1502825 -353343 18968499 18727767 3116849 3579735 15851650 15148032 X 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. 0 0 9739228 25000 5536681 FINANCIAL HEALTH NETWORK LEADS A NETWORK OF COMPANIES WHICH FOSTERS AND ACCELERATES CONSUMER-FOCUSED INNOVATION. THROUGH ITS COMPASS PRINCIPLES AND A LINEUP OF PROPRIETARY RESEARCH, INSIGHTS AND EVENTS, FINANCIAL HEALTH NETWORK INFORMS, ADVISES AND CONNECTS MEMBERS OF ITS NETWORK TO SEED THE INNOVATION THAT WILL TRANSFORM THE FINANCIAL SERVICES LANDSCAPE AND IMPROVE THE LIVES OF LOW AND MODERATE-INCOME AMERICANS. 9739228 1 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 40 0 1 62 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X KELLY EMERY 3129951535 30 N LASALLE ST 2040 CHICAGO IL 60602 JENNIFER TESCHER PRESIDENT & CEO 40.00 0.00 X X 357000 0 78663 KELLY EMERY COO 40.00 0.00 X 286546 0 4950 ADEEB MAHMUD CHIEF PROGRAM OFFICER 40.00 0.00 X 270300 0 13910 SARAH GORDON CHIEF MARKET AND BUSINESS DEV 36.00 0.00 X 231460 0 18467 MATTHEW BAHL VP, WORKPLACE MARKET LEAD 40.00 0.00 X 226427 0 18732 MARISA WALSTER VP, FINANCIAL SERVICES SOLUTIONS 40.00 0.00 X 187343 0 14251 ANGELA FONTES VP, POLICY AND RESEARCH 40.00 0.00 X 189598 0 4976 ELIZABETH BROCKLAND VP, CLIENT SUCCESS AND WORKPLACE SOLUTIONS 40.00 0.00 X 182164 0 4731 ANDY BANDYOPADHYAY CHIEF PRODUCT OFFICER (ATTUNE, TO 9.30) 40.00 0.00 X 162848 0 8525 MIA BARRICINI SENIOR DIRECTOR, DEVELOPMENT 40.00 0.00 X 154859 0 5793 MARK ERNST CHAIR 3.00 0.00 X X 0 0 0 LEONARD J LAUFER TREASURER 2.00 0.00 X X 0 0 0 GINA HARMAN DIRECTOR 1.00 0.00 X 0 0 0 RODERICK KING MD MPH DIRECTOR 1.00 0.00 X 0 0 0 JUDITH SAMUELSON DIRECTOR 1.00 0.00 X 0 0 0 TAMARAH DUPERVAL-BROWNLEE DIRECTOR 1.00 0.00 X 0 0 0 MELINDA HIGHTOWER DIRECTOR 1.00 0.00 X 0 0 0 ELLEN SEIDMAN EMERITA 1.00 0.00 X 0 0 0 2248545 0 172998 25 0 1 0 STATEMENT COMMUNICATIONS 420 WISCONSIN AVENUE OAK PARK IL 60302 COMMUNICATIONS & DESIGN 546375 UNIVERSITY OF SOUTHERN CALIFORNIA 635 DOWNEY WAY LOS ANGELES CA 90089 PROGRAMMATIC RESEARCH 287013 DEEL INC 650 2ND ST SAN FRANCISCO CA 94107 PROGRAMMATIC SUPPORT 276166 INCANDESCENT LLC 28 W 25TH STREET FLOOR 9 NEW YORK NY 10010 OPERATIONAL ADVISORY 200000 CHRISTOPHER VEJBY 633 34TH STREET RICHMOND CA 94805 PROGRAMMATIC SUPPORT 147274 7 4867681 4867681 NETWORK REVENUES 541900 2438230 2438230 CONSULTING FEES 541900 2055171 2055171 EVENT REVENUES 541900 554550 554550 OTHER 541900 488730 488730 5536681 191314 191314 1068791 35406 1033385 1033385 1033385 11629061 5536681 0 1224699 X 25000 25000 1432669 1164465 206736 61468 5073439 4018286 687104 368049 134229 105627 17886 10716 379179 301134 51701 26344 484560 385846 66506 32208 131023 121411 8485 1127 41554 38505 2691 358 1245764 1174449 62950 8365 747470 632474 114414 582 15605 10269 5336 510640 322313 188322 5 435750 286100 149650 190430 166746 23036 648 126794 80721 46073 76606 47718 28888 PROGRAM EVENTS 397862 366300 31091 471 MISSION RELATED INVESTM 250637 250637 BAD DEBT EXPENSE 125528 125528 SKILL BUILDING AND TRAI 70985 44621 26342 22 86680 71078 11869 3733 11982404 9739228 1729080 514096 6616036 2683667 1979581 6638988 1410679 249704 495520 434277 764381 638852 746656 794556 1405418 1251924 280287 153494 4784712 2052389 3781257 624206 1279001 1266441 21582 18968499 18727767 820923 271978 1565228 1537312 730698 1770445 3116849 3579735 X 13743340 13132391 2108310 2015641 15851650 15148032 18968499 18727767 -353343 -350275 0 X 0 1 X 1 0 X 9701745 16015437 13487153 9297225 4867681 53369241 9701745 16015437 13487153 9297225 4867681 53369241 29362497 24006744 233542 86571 4271 33691 191314 549389 53918630 26848148 0.44520 0.44560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76062 72048 4014 1329356 1179876 149480 153494 CORE INNOVATION CAPITAL 39358 C ATTUNE 2013031 C 2052389 VALUATION ADJUSTMENT -2386710 C FSL 6167967 C 3781257 OPERATING LEASES 1431278 GRANT REFUNDABLE ADVANCES 339167 1770445 X 11278786 -350275 -350275 11629061 0 11629061 11982404 0 11982404 0 11982404 PART X, LINE 2: THE ORGANIZATION HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE (IRS) UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND ACCORDINGLY IS EXEMPT FROM INCOME TAXES ON RELATED BUSINESS INCOME. CONTRIBUTIONS TO THE ORGANIZATION ARE DEDUCTIBLE FOR INCOME TAX PURPOSES UNDER SECTION 170(B)(1)(A)(VI). THE ORGANIZATION'S ANNUAL INFORMATIONAL TAX RETURNS FILED WITH THE FEDERAL AND STATE GOVERNMENTS ARE SUBJECT TO EXAMINATION FOR THE STATUTORY PERIOD. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2023. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FUND IS ORGANIZED AS A LIMITED PARTNERSHIP BETWEEN THE ORGANIZATION AS THE GENERAL PARTNER AND A LIMITED PARTNER WHO IS A STRATEGIC INVESTOR WITH A STRONG INTEREST IN PROMOTING FINANCIAL SERVICES FOR U.S. EMERGING MARKETS. FOR TAX PURPOSES, THE FUND HAS ELECTED TO BE TREATED AS A LIMITED PARTNERSHIP AND FILES A SEPARATE TAX RETURN REPORTING ITS OPERATING RESULTS ACCORDING TO ITS PARTNERSHIP AGREEMENT. ANY DISTRIBUTIVE INCOME ATTRIBUTABLE TO THE ORGANIZATION IS NOT CONSIDERED SUBJECT TO UNRELATED BUSINESS INCOME TAX AS THE PARTNERSHIP'S PURPOSE FURTHERS ITS TAX-EXEMPT PURPOSE. FINANCIAL HEALTH NETWORK HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. FINANCIAL HEALTH NETWORK HAS NOT BEEN EXAMINED BY ANY TAX JURISDICTION. BASED ON THE EVALUATION OF FINANCIAL HEALTH NETWORK'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF AN UNCERTAIN TAX POSITION HAS BEEN RECORDED FOR THE YEAR ENDED DECEMBER 31, 2023. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION INCOME TAX RETURNS FOR 2020, 2021, AND 2022 ARE SUBJECT TO EXAMINATION BY THE IRS. 1 SILVUR SERVICES LLC 2093 PHILADELPHIA PIKE 3966 CLAYMONT DE 19703 25000 0 SUPPORT OF RESEARCH: LMI OLDER ADULTS' EXPERIENCE WITH FINANCIAL ADVICE 0 1 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT QUARTERLY REPORTS DETAILING THEIR PROGRESS AGAINST GRANT REQUIREMENTS AND USE OF GRANT FUNDS. FINANCIAL HEALTH NETWORK STAFF ALSO CONDUCT MONTHLY OR BI-MONTHLY CALLS WITH EACH GRANTEE TO OBTAIN AN UPDATE ON THEIR RECENT ACTIVITY RELATED TO THE GRANT. X X X X 0 1 0 0 0 0 0 0 0 JENNIFER TESCHER PRESIDENT & CEO 357000 0 0 0 0 0 64110 0 14553 0 435663 0 0 0 KELLY EMERY COO 278512 0 8034 0 0 0 4000 0 950 0 291496 0 0 0 ADEEB MAHMUD CHIEF PROGRAM OFFICER 262650 0 7650 0 0 0 4000 0 9910 0 284210 0 0 0 SARAH GORDON CHIEF MARKET AND BUSINESS DEV 225232 0 6228 0 0 0 4000 0 14467 0 249927 0 0 0 MATTHEW BAHL VP, WORKPLACE MARKET LEAD 220000 0 6427 0 0 0 4000 0 14732 0 245159 0 0 0 MARISA WALSTER VP, FINANCIAL SERVICES SOLUTIONS 182187 0 5156 0 0 0 4000 0 10251 0 201594 0 0 0 ANGELA FONTES VP, POLICY AND RESEARCH 183598 0 6000 0 0 0 4000 0 976 0 194574 0 0 0 ELIZABETH BROCKLAND VP, CLIENT SUCCESS AND WORKPLACE SOL 177057 0 5107 0 0 0 4000 0 731 0 186895 0 0 0 ANDY BANDYOPADHYAY CHIEF PRODUCT OFFICER (ATTUNE, TO 9. 157115 0 5733 0 0 0 0 0 8525 0 171373 0 0 0 MIA BARRICINI SENIOR DIRECTOR, DEVELOPMENT 150461 0 4398 0 0 0 4000 0 1793 0 160652 0 0 0 PART I, LINE 4B JENNIFER TESCHER - $60,110.16 WAS PAID OUT BY THE PLAN AND INCLUDED IN HER W-2. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED BY THE VP FINANCE & COO, THEN BY THE FINANCE/AUDIT COMMITTEE. PRIOR TO FILING, THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST POLICY AND REPORT ANY KNOWN CONFLICTS OF INTEREST ANNUALLY. THEY ARE ENCOURAGED TO REPORT CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT'S AND KEY OFFICERS' COMPENSATION, WHICH IS DETERMINED BY THE INDEPENDENT COMPENSATION COMMITTEE USING RECOMMENDATIONS FROM AN INDEPENDENT COMPENSATION CONSULTANT AND COMPENSATION SURVEYS. THE PRESIDENT REVIEWS AND APPROVES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROGRAMMATIC RESEARCH: PROGRAM SERVICE EXPENSES 273,663. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 273,663. OTHER: PROGRAM SERVICE EXPENSES 900,786. MANAGEMENT AND GENERAL EXPENSES 62,950. FUNDRAISING EXPENSES 8,365. TOTAL EXPENSES 972,101. CFSI CATALYST GP LLC 30 N LASALLE ST SUITE 2040 CHICAGO IL 60602 260509531 COMMUNITY DEVELOPMENT INVESTMENTS IL 0 0 FINANCIAL HEALTH NETWORK INC THE CFSI CATALYST FUND LP 30 N LASALLE ST STE 2040 CHICAGO IL 60602 260509703 FINANCIAL PRODUCTS IL CFSI CATALYST GP LLC INVESTMENTS 1 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0