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Filing year 2024

FINANCIAL HEALTH NETWORK INC

Chicago, Illinois·EIN 20-3006098·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$15.7M
Total assets
$22.8M
Total expenses
$11.4M
Reported officers
17
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.

President and Chief Executive Officer
Above 90th percentilevs Community Improvement & Capacity Building peers in Illinois
$389k
$416k
Base
$368k
Bonus
$7k
Other
Benefits
$10k
Chief Operating Officer
75th to 90th percentile
$303k
$325k
Base
$290k
Bonus
$6k
Other
Benefits
$4k
Chief Program Officer
Above 90th percentilevs all sectors nationwide
$283k
$303k
Base
$268k
Bonus
$5k
Other
Benefits
$5k
Chief Market and Business Development Officer
Above 90th percentile
$252k
$270k
Base
$234k
Bonus
$4k
Other
Benefits
$10k
Vp, Workplace Market Lead
Board Vice President
75th to 90th percentile
$246k
$263k
Base
$220k
Bonus
$4k
Other
Benefits
$17k
Vp, Financial Services Solutions
Board Vice President
Median to 75th percentile
$220k
$236k
Base
$186k
Bonus
$24k
Other
Benefits
$7k
Vp, Finance & Ops (from 1/10/24)
Board Vice President
Median to 75th percentile
$201k
$216k
Base
$175k
Bonus
$8k
Other
Benefits
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FINANCIAL HEALTH NETWORK INC equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
3%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 11%
from 2023

From $436k in 2023 to $389k in 2024.

$436k
2023
$389k
2024
In today's dollarsEst.
Down 14% in real terms$483k to $416k

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 11% from 2023 to 2024, while revenue rose 35%.

$436k in 2023 to $389k in 2024.
  • Chief Operating Officer pay rose 4% from 2023 to 2024.
  • Chief Program Officer pay fell 1% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FINANCIAL HEALTH NETWORK INC

What does the Chief Executive Officer of FINANCIAL HEALTH NETWORK INC earn?

In 2024, the Chief Executive Officer of FINANCIAL HEALTH NETWORK INC received $388,743 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FINANCIAL HEALTH NETWORK INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Illinois, the 2024 pay of the Chief Executive Officer at FINANCIAL HEALTH NETWORK INC falls in the top 10%. In 2024, the highest total compensation at FINANCIAL HEALTH NETWORK INC equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are FINANCIAL HEALTH NETWORK INC's revenue and expenses?

In 2024, FINANCIAL HEALTH NETWORK INC reported $15.7M in total revenue and $11.4M in total expenses on its IRS Form 990.

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