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Nonprofit · EIN 04-3804600

HEALTHNETWORK FOUNDATION

Tax-exempt · PEPPER PIKE, OH 44124

Financials

$12.1M$5.6M2023$16.7M$7.8M2024$21.8M$12.6M2025
Revenue Expenses · by fiscal year end
Financials of HEALTHNETWORK FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$21,777,176$12,638,954$9,138,222$86,222,848$4,064,986$82,157,862
December 31, 2024990$16,720,900$7,835,351$8,885,549$72,982,191$3,755,505$69,226,686
December 31, 2023990$12,147,291$5,631,831$6,515,460$58,624,084$2,999,680$55,624,404
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$15,075,614
Membership dues
$900,120
Program service revenue
$0
Investment income
$6,701,562
Net gain from sales of assets
$4,440,744
Other revenue
$0

Expenses

Grants and similar amounts paid
$7,200,085
Compensation of officers, directors and key employees
$771,954
Other salaries and wages
$1,978,438
Salaries, compensation and benefits (total)
$3,117,979
Professional fundraising fees
$0
Legal fees
$13,278
Accounting fees
$8,613
Occupancy
$117,390
Travel
$352,626
Depreciation
$25,164
Program services (functional)
$11,769,906
Management and general (functional)
$869,048

Balance sheet and other

Total assets, start of year
$72,982,191
Total assets, end of year
$86,222,848
Total liabilities, end of year
$4,064,986
Net assets, end of year
$82,157,862
Land, buildings and equipment
$45,614
Publicly traded securities
$85,160,432
Gross receipts
$35,369,227
Employees
28
Volunteers
10
Year formed
1991
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MEGAN FRANKELPRESIDENT
Officer
40$290,557$7,104
GARY BORISCHIEF OPERAT
Officer
40$247,977$12,169
DAVID ORAVECCHIEF RELAT.
Officer
40$105,000$5,593
TAMARA WHITNERCHIEF RELAT.
Officer
40$102,308$1,246
WILLIAM BABCOXADVISOR
Trustee or director
1$0$0
TONY BUSATREASURER
Trustee or director
1$0$0
DR BERNARDO FERNANDEZADVISOR
Trustee or director
1$0$0
WILLIAM GLUBIAKADVISOR
Trustee or director
1$0$0
JOSH GUTTMANADVISOR
Trustee or director
1$0$0
BILL KRULADVISOR
Trustee or director
1$0$0
PATRICIA MCCOLLUMADVISOR
Trustee or director
1$0$0
WILLIAM W ROWLEYCHAIRMAN
Trustee or director
30$0$0
BROCK STEEREADVISOR
Trustee or director
1$0$0
F WILLIAM STEEREADVISOR
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
MEGAN FRANKELPRESIDENT
Officer
40$277,362$6,840
GARY BORISCHIEF OPERAT
Officer
40$198,365$9,460
KIM KOTORAVICE PRESIDE
Former
40$113,942$1,136
MELISSA OWENDIRECTOR, ST
Officer
40$100,500$4,710
WILLIAM BABCOXADVISOR
Trustee or director
1$0$0
TONY BUSATREASURER
Trustee or director
1$0$0
DWIGHT CORNINGADVISOR
Trustee or director
1$0$0
DR BERNARDO FERNANDEZADVISOR
Trustee or director
1$0$0
JOSH GUTMANADVISOR
Trustee or director
1$0$0
BILL KRULADVISOR
Trustee or director
1$0$0
PATRICIA MCCOLLUMADVISOR
Trustee or director
0.5$0$0
WILLIAM W ROWLEYCHAIRMAN
Trustee or director
30$0$0
BROCK STEEREADVISOR
Trustee or director
1$0$0
F WILLIAM STEEREADVISOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
MEGAN FRANKELPRESIDENT
Officer
40$266,160$5,323
KIM KOTORAVICE PRESIDE
Officer
40$203,839$4,077
GARY BORISCHIEF OPERAT
Officer
40$150,000$2,890
WILLIAM BABCOXADVISOR
Trustee or director
1$0$0
TONY BUSATREASURER
Trustee or director
1$0$0
DWIGHT CORNINGADVISOR
Trustee or director
1$0$0
DR BERNARDO FERNANDEZADVISOR
Trustee or director
1$0$0
JOSH GUTMANADVISOR
Trustee or director
1$0$0
BILL KRULADVISOR
Trustee or director
1$0$0
PATRICIA MCCOLLUMADVISOR
Trustee or director
0.5$0$0
WILLIAM W ROWLEYCHAIRMAN
Trustee or director
30$0$0
BROCK STEEREADVISOR
Trustee or director
1$0$0
F WILLIAM STEEREADVISOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
3550 LANDER RD STE 225, PEPPER PIKE, OH 44124-5709
In care of
% JAY EVANS
Mailing address (990-N for 2021)
33 River St, Chagrin Falls OH 44022
Principal officer (990 for 2025)
GARY BORIS, 3550 LANDER ROAD SUITE 225, PEPPER PIKE, OH 44124
Principal officer (990-N for 2021)
Ethridge Darlene, 659 Lake Rd, Atkins AR 72823
Signed the 990
GARY BORIS, CHIEF OPERATING OFF
Phone
(440) 264-1922
Return prepared by
TRAMER & BOLBACH INC

Mission

CONNECTING MEMBERS WITH THE LEADING HEALTHCARE PROVIDERS TO MAKE THE BEST MEDICAL CARE AVAILABLE FOR THEIR NEEDS AND TO MAKE DONATIONS THRU OUR PARTNER HOSPITALS TO OUR DOCTORS TO FUND EDUCATION AND RESEARCH IMPROVING MEDICINE FOR ALL.

990 for the year ended December 31, 2025

Program accomplishments

  • CONNECTING MEMBERS WITH THE LEADING HEALTHCARE PROVIDERS TO MAKE THE BEST MEDICAL CARE AVAILABLE FOR THEIR NEEDS AND TO MAKE DONATIONS THRU OUR PARTNER HOSPITALS TO OUR DOCTORS TO FUND EDUCATION AND RESEARCH IMPROVING MEDICINE FOR ALL.
    Expenses $11,769,906 · grants $7,200,085

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-3804600
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$86,222,848
Income (IRS master file)
$35,369,227

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$21,777,176$12,638,954$86,222,848XML
990December 2024$16,720,900$7,835,351$72,982,191IRS
990December 2023$12,147,291$5,631,831$58,624,084XML
990December 2022$12,557,506$5,732,898$46,284,611IRS
990-N for 2021
Officer: Ethridge Darlene
December 31, 2021≤ $50,000 receipts––e-Postcard
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about HEALTHNETWORK FOUNDATION

What is the EIN of HEALTHNETWORK FOUNDATION?
The employer identification number (EIN) of HEALTHNETWORK FOUNDATION is 04-3804600.
Is HEALTHNETWORK FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to HEALTHNETWORK FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEALTHNETWORK FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HEALTHNETWORK FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEALTHNETWORK FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of HEALTHNETWORK FOUNDATION?
The 990 for the year ended December 31, 2025 names GARY BORIS.
Who are the officers and directors of HEALTHNETWORK FOUNDATION?
The 990 for the year ended December 31, 2025 lists 14 people; 4 received compensation from the organization, the highest $290,557 (MEGAN FRANKEL, PRESIDENT).
How much revenue does HEALTHNETWORK FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $21,777,176, expenses of $12,638,954 and total assets of $86,222,848 at year end.

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