Civic Intelligence

504Healthnet Inc

EIN 26-2831459 • 501(c)3 • Metairie, LA

View Organization Page

Profile

504healthnet will provide support to an integrated and coordinated network of healthcare providers in the greater new orleans region.

2701 Airline Drive K 140Metairie, LA 70001

www.504healthnet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$78,831

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

28%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

81st percentile

38%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$358,479

Up $78,292 (+28%) from 2023

Liabilities

Down

$7,263

Down $1,757 (-19%) from 2023

Net Assets

Up

$351,216

Up $80,049 (+30%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin72nd percentile

Revenue

Up

$471,394

Up $75,390 (+19%) from 2023

Expenses

Up

$391,345

Up $54,582 (+16%) from 2023

Net Income

Up

$80,049

Up $20,808 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $67,618Liabilities 2010: $0Net Assets 2010: $67,6182010Assets 2011: $45,746Net Assets 2011: $45,7462011Assets 2014: $42,092Liabilities 2014: $57Net Assets 2014: $42,0352014Assets 2015: $232,767Liabilities 2015: $24,658Net Assets 2015: $208,1092015Assets 2016: $306,117Liabilities 2016: $7,715Net Assets 2016: $298,4022016Assets 2017: $355,434Liabilities 2017: $5,105Net Assets 2017: $350,3292017Assets 2018: $472,732Liabilities 2018: $13,901Net Assets 2018: $458,8312018Assets 2019: $370,764Liabilities 2019: $22,600Net Assets 2019: $348,1642019Assets 2020: $355,456Liabilities 2020: $20,828Net Assets 2020: $334,6282020Assets 2021: $312,657Liabilities 2021: $13,703Net Assets 2021: $298,9542021Assets 2022: $218,374Liabilities 2022: $6,448Net Assets 2022: $211,9262022Assets 2023: $280,187Liabilities 2023: $9,020Net Assets 2023: $271,1672023Assets 2024: $358,479Liabilities 2024: $7,263Net Assets 2024: $351,2162024

Highlighted filing

2024

Assets$358,479
Liabilities$7,263
Net Assets$351,216
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $59,800Expenses 2010: $20,980Net Income 2010: $38,8202010Revenue 2011: $12,100Expenses 2011: $33,972Net Income 2011: -$21,8722011Revenue 2014: $189,289Expenses 2014: $174,083Net Income 2014: $15,2062014Revenue 2015: $456,349Expenses 2015: $290,275Net Income 2015: $166,0742015Revenue 2016: $596,576Expenses 2016: $506,283Net Income 2016: $90,2932016Revenue 2017: $679,727Expenses 2017: $627,800Net Income 2017: $51,9272017Revenue 2018: $732,599Expenses 2018: $624,096Net Income 2018: $108,5032018Revenue 2019: $684,618Expenses 2019: $795,285Net Income 2019: -$110,6672019Revenue 2020: $680,077Expenses 2020: $693,613Net Income 2020: -$13,5362020Revenue 2021: $305,425Expenses 2021: $341,099Net Income 2021: -$35,6742021Revenue 2022: $248,689Expenses 2022: $335,717Net Income 2022: -$87,0282022Revenue 2023: $396,004Expenses 2023: $336,763Net Income 2023: $59,2412023Revenue 2024: $471,394Expenses 2024: $391,345Net Income 2024: $80,0492024

Highlighted filing

2024

Revenue$471,394
Expenses$391,345
Net Income$80,049
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$358,479
Liabilities
$7,263
Net assets
$351,216
Revenue
$471,394
Expenses
$391,345
Net income
$80,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.58$0.07$3.51$4.71$3.91$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.09$2.71$3.96$3.37$0.59
2022Detailed filing. Detailed filing data is available for this year.$2.18$0.06$2.12$2.49$3.36$0.87
2021Detailed filing. Detailed filing data is available for this year.$3.13$0.14$2.99$3.05$3.41$0.36
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.21$3.35$6.80$6.94$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$0.23$3.48$6.85$7.95$1.11
2018Detailed filing. Detailed filing data is available for this year.$4.73$0.14$4.59$7.33$6.24$1.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.05$3.50$6.80$6.28$0.52
2016Detailed filing. Detailed filing data is available for this year.$3.06$0.08$2.98$5.97$5.06$0.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.25$2.08$4.56$2.90$1.66
2014Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$1.89$1.74$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.46$0.12$0.34$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.60$0.21$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 24, 2025
Return Version
2024v5.2
Gross Receipts
$471,394
Mission and Program Overview

Mission

504healthnet will provide support to an integrated and coordinated network of healthcare providers in the greater new orleans region.

504healthnet will provide support to an integrated and coordinated network of healthcare providers in the greater new orleans region, which are working together to achieve these goals:1.) increasing access to comprehensive primary care and behavioral health services to all people irrespective of the ability to pay,2.) improving the quality and benefits of care,3.) increasing sustainability, effectiveness and efficiency among the member organizations,4.) developing linkages for a full continuum of health services,5.) providing advocacy for the needs of community-based primary care and behavioral health providers serving underserved populations, and6.) advancing an effective medical home model system of care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$222,080$333,690▲ $111,610
Accounts Receivable$55,837$22,496▼ $33,341
Prepaid Expenses and Deferred Charges$2,270$2,293▲ $23
Land, Buildings, and Equipment, Net$0--
Total Assets$280,187$358,479▲ $78,292
Liabilities
Accounts Payable and Accrued Expenses$9,020$7,263▼ $1,757
Total Liabilities$9,020$7,263▼ $1,757
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$244,891$316,549▲ $71,658
Net Assets With Donor Restrictions$26,276$34,667▲ $8,391
Total Net Assets Fund Balance$271,167$351,216▲ $80,049
Total Liabilities and Net Assets / Fund Balance$280,187$358,479▲ $78,292
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Currin WallisInterim Executive DirectorFT$78,831$78,831

Board Members and Trustees

NameTitle
Shondra Williams PhdBoard Chair
Helena LikajVice Chair
Anjali Niyogi Md MphBoard Member
Anthony GardnerBoard Member
Carleetha Smith MhaBoard Member
Cathi Fontenot MdBoard Member
Cavin DavisBoard Member
Charlotte ParentBoard Member
DA'TRICE SMITH-JONESBoard Member
Dana WashingtonBoard Member
Jennifer AvegnoBoard Member
Jeremy SimmonsBoard Member
John GreyBoard Member
Keith Winfrey Md MphBoard Member
Meg VitterBoard Member
Megan BrokenbourghBoard Member
Pamela FisherBoard Member
Reginald VicksBoard Member
Rheneisha RobertsonBoard Member
Rochelle Head-dunham MdBoard Member
Saegan SwansonBoard Member
Tamara BoutteBoard Member
Taylor CohenBoard Member
Treasure SchwabBoard Member
Ragan CollinsMember at Large
Michael AndrySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$466,302
Program Service Revenue
$4,038
Investment Income
$1,054
Other Revenue
$0
All Other Contributions
$382,302
Change in Net Assets
$80,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$210,413
Salaries, Compensation, and Employee Benefits$180,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$162,869$162-$163,031
Current Officers, Directors, Trustees, and Key Employees$78,831--$78,831
Other Salaries and Wages$64,730--$64,730
Other Employee Benefits$18,171--$18,171
Information Technology$12,448--$12,448
Payroll Taxes$10,704--$10,704
Insurance$9,627$327-$9,954
Pension Plan Contributions$8,496--$8,496
Office Expenses$5,582$889-$6,471
Fees for Services Accounting$3,435--$3,435
Advertising$1,104--$1,104
Travel$751--$751
Other Expenses$400$150-$550
Total Functional Expenses$389,802$1,543$0$391,345
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by board members before filing.”

Form 990, Part VI, Section B, Line 12C

“Each year the organization has the officers and directors review and sign the conflict of interest policy and report any conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The executive director's performance is reviewed by the executive committee of 5 members who complete a formal evaluation to determine any increases in salary or bonuses. The organization ensures payment practices are in line with industry standards by comparing with other similar non-profits.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
504healthnet Inc
EIN
26-2831459
Phone
5044523622
Address
2701 AIRLINE DRIVE K 140, METAIRIE, LA 70001

Signing Officer

Name
Currin Wallis
Title
Interim Executive Director
Phone
5044523622
Signed
2025-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Currin Wallis
Formed
2008
Legal Domicile
La
Voting Board Members
25
Independent Board Members
25
Employees
2
Volunteers
0

Preparer

Firm
Wegmann Dazet Apc
Address
111 VETERANS BLVD SUITE 1600, METAIRIE, LA 70005
Preparer
Danica Desoto
Phone
5048378844
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 15,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,225. Contract labor: program service expenses 147,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 147,644. Payroll service fees: program service expenses 0. Management and general expenses 162. Fundraising expenses 0. Total expenses 162.”

Part XII, Line 2C

“The process and selection used to oversee the compilation has not changed since the prior year.”

Raw XML AppendixShowing 400 of 515 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/BOYAmt055837
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IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0504HEALTHNET WILL PROVIDE SUPPORT TO AN INTEGRATED AND COORDINATED NETWORK OF HEALTHCARE PROVIDERS IN THE GREATER NEW ORLEANS REGION, WHICH ARE WORKING TOGETHER TO ACHIEVE THESE GOALS:1.) INCREASING ACCESS TO COMPREHENSIVE PRIMARY CARE AND BEHAVIORAL HEALTH SERVICES TO ALL PEOPLE IRRESPECTIVE OF THE ABILITY TO PAY,2.) IMPROVING THE QUALITY AND BENEFITS OF CARE,3.) INCREASING SUSTAINABILITY, EFFECTIVENESS AND EFFICIENCY AMONG THE MEMBER ORGANIZATIONS,4.) DEVELOPING LINKAGES FOR A FULL CONTINUUM OF HEALTH SERVICES,5.) PROVIDING ADVOCACY FOR THE NEEDS OF COMMUNITY-BASED PRIMARY CARE AND BEHAVIORAL HEALTH PROVIDERS SERVING UNDERSERVED POPULATIONS, AND6.) ADVANCING AN EFFECTIVE MEDICAL HOME MODEL SYSTEM OF CARE.
IRS990/AdvertisingGrp/ProgramServicesAmt01104
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
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IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt0466302
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01054
IRS990/CYOtherExpensesAmt0210413
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/Desc0PUBLIC POLICY - 504HEALTHNET SUPPORTS POLICIES AND PROGRAMS THAT HELP IMPROVE ACCESS TO HEALTHCARE ACROSS LOUISIANA. THIS INCLUDES SUPPORT AND ADVOCACY ON BEHALF OF PROGRAMS SUCH AS THE GREATER NEW ORLEANS COMMUNITY HEALTH CONNECTION (GNOCHC), AND OPPORTUNITIES MADE AVAILABLE THROUGH THE AFFORDABLE CARE ACT. THESE ADVOCACY EFFORTS ENSURE SERVICES ARE AVAILABLE AND CARE IS PROVIDED THROUGH COMMUNITY HEALTH CENTERS WHICH ARE DELIVERING CARE TO THE MOST VULNERABLE POPULATIONS IN NEW ORLEANS.
IRS990/DescribedInSection501c3Ind01
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IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0162869
IRS990/FeesForServicesOtherGrp/TotalAmt0163031
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