Healthnet Inc in Charleston, West Virginia (WV)

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Healthnet Inc
Employer Identification Number (EIN)550681969
Name of OrganizationHealthnet Inc
Address110 Wyoming St No 101, Charleston, WV 25302-2340
ActivitiesRescue and emergency service
SubsectionLiterary Organization
Ruling Date11/1997
DeductibilityContributions are not deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$24,548,919
Amount of Income$25,338,644
Form 990 Revenue Amount$25,338,644
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Ambulance, Emergency Medical Transport Services


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Amount of income in 2011: $25,338,644
This organization: 

 $25,338,644
Other organizations performing similar types of work: 

 $337,369

Assets in 2011: $24,548,919
Healthnet Inc: 

 $24,548,919
Other organizations performing similar types of work: 

 $598,758

Expenses in 2003: $9,862,666
This organization: 

 $9,862,666
Other organizations performing similar types of work: 

 $996,139

Income to expenses ratio in 2003: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2003: 85.2%
Healthnet Inc: 

 85.2%
Other organizations performing similar types of work: 

 80.6%

Grants share in income in 2003: 1.9%
Healthnet Inc: 

 1.9%
Other organizations performing similar types of work: 

 12.1%

Financial snapshot ($)

Revenue for 2003

Assets at end of 2003

Expenses for 2003

Functional Expenses for 2003 ($)

Income-Producing Activities for 2003

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003
Total revenue$10,013,497$11,295,711$10,245,982$9,862,666
Contributions, gifts, grants, and similar amounts received$0$0$0$183,475
Contributions to donor advised funds
Direct public support$0$0$0$0
Indirect public support$0$0$0$183,475
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$9,809,998$11,170,786$10,214,271$9,664,892
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$203,499$124,703$31,711$12,006
Dividends and interest from securities$0$0$0$0
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$222$0$2,293
Total expenses$10,147,096$11,305,911$10,245,982$9,862,666
Program services$8,911,456$9,917,869$9,050,065$8,399,259
Management and general$522,037$403,605$580,136$761,572
Fundraising$0$0$0$0
Payments to affiliates$713,603$984,437$615,781$701,835
Net assets or fund balances at end of year$30,000$30,000$30,000$30,000
Excess or (deficit) for the year$-133,599$-10,200$0$0
Net assets or fund balances at beginning of year$30,000$30,000$30,000$30,000
Other changes in net assets or fund balances$133,599$10,200$0$0
Statement of Functional Expenses (for 2003)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$9,160,831$8,399,259$761,572$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$2,393,963$2,259,802$134,161$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,500$0$9,500$0
Legal fees$367,028$0$367,028$0
Supplies$82,300$77,688$4,612$0
Telephone$11,996$11,324$672$0
Postage and shipping$1,401$1,322$79$0
Occupancy$9,816$9,266$550$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$34,896$32,940$1,956$0
Travel$28,652$27,046$1,606$0
Conferences, conventions, and meetings$0$0$0$0
Interest$298,119$281,412$16,707$0
Depreciation, depletion, etc.$555,038$523,933$31,105$0
Other expenses not covered above$5,368,122$5,174,526$193,596$0
Balance Sheets
2000200120022003
Total assets$12,096,774$12,566,975$10,275,589$10,311,798
Cash - non-interest-bearing$100$100$150$150
Savings and temporary cash investments$2,292,597$830,098$873,303$1,000,295
Accounts receivable less allowance for doubtful accounts$1,712,905$2,597,698$1,818,772$1,787,011
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$29,159$24,259$29,763$124,019
Investments - publicly-traded securities
Investments - other securities$1,499,470$1,082,242$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$6,494,543$7,934,578$7,406,065$6,914,188
Other assets, including program-related investments$68,000$98,000$147,536$486,135
Total liabilities$12,066,774$12,536,975$10,245,589$10,281,798
Accounts payable and accrued expenses$4,764,526$5,985,881$4,622,210$5,391,633
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$7,302,248$6,551,094$5,623,379$4,890,165
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$12,096,774$12,566,975$10,275,589$10,311,798
Total net assets or fund balances$30,000$30,000$30,000$30,000
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003
Total revenue$10,013,497$11,295,711$10,245,982$9,862,666
Total revenue, gains, and other support per audited financial statements$10,147,096$11,305,911$10,245,982$9,679,191
Other expenses$133,599$10,200$0$0
Net unrealized gains on investments$133,599$10,200$0$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$0$0$0$183,475
Investment expenses$0$0$0$0
Other$0$0$0$183,475
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003
Total expenses$10,147,096$11,305,911$10,245,982$9,862,666
Total expenses and losses per audited financial statements$10,147,096$11,305,911$10,245,982$9,679,191
Other revenue$0$0$0$-183,475
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$0$-183,475
Other expenses$0$0$0$0
Investment expenses$0$0$0$0
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2003)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$14,299$9,664,892
Program service revenue
Program service revenue 1000000$000$0$9,664,892
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$12,006$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$2,293$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2003)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2003)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2003)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
1999200020012002
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2003)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$25,338,644
Contributions, Gifts, Grants and Other Similar Amounts$1,083,271
Program Service Revenue$24,159,132
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,032
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$93,209
Statement of Functional Expenses (for 2011)
Total functional expenses$25,338,644
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$25,338,644
Balance Sheet (for 2011)
Total assets$24,548,919
Total liabilities$24,518,919
Tax-exempt bond liabilities$10,248,830
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$14,270,089
Total net assets or fund balances$30,000
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Careflite3110 S Great Sw Parkway, Grand Prairie, TX 75052-7238TX1979-10$67,445,537
2Healthnet Inc110 Wyoming St No 101, Charleston, WV 25302-2340WV1997-11$25,338,644
3Pottsville Area Emergency Medical Services Inc320 N 9th St, Pottsville, PA 17901-2346PA1991-11$2,958,459
4Henrietta Volunteer Ambulance Service Inc280 Calkins Rd, Rochester, NY 14623-4210NY1964-11$2,817,840
5Commack Volunteer Ambulance Corps200 Burr Rd Box 819, Commack, NY 11725-1810NY1967-10$1,514,882
6Penfield Volunteer Emergency Ambulance Service Inc1585 Jackson Rd, Penfield, NY 14526-9737NY1971-12$1,082,778
7Prism Health Services3567 Mountain View Dr 305, West Mifflin, PA 15122-2447PA1982-11$479,064
8Bergenfield Volunteer Ambulance1 Froelich St, Bergenfield, NJ 07621-2017NJ1990-11$437,440
9Millburn-Short Hills Volunteer First Aid Squad IncPO BOX 226, Millburn, NJ 07041-0226NJ1959-04$150,469
10Huron Valley Ambulance Inc1200 State Cir, Ann Arbor, MI 48108-1691MI1984-03$32,504,154
11Emergycare Inc1701 Sassafras St, Erie, PA 16502-1857PA1958-12$15,931,810
12Emergency Medical Foundation Inc, Evac AmbulancePO BOX 6045, Daytona Beach, FL 32122-6045FL1982-07$15,930,222
13Advanced Medical Transport Of Central Illinois1718 N Sterling Ave, West Peoria, IL 61604-3831IL1977-07$15,129,848
14Community Emergency Service, Medic 1 Ambulance635 E Napier Ave, Benton Harbor, MI 49022-5813MI1978-02$10,739,786
15Community Care Ambulance Network115 E 24th St, Ashtabula, OH 44004-3417OH1995-07$9,632,820
16Medic Ems1204 E High St, Davenport, IA 52803-2436IA1986-07$7,878,982
17Monongalia Emergency Medical Services Inc1200 J D Anderson Dr, Morgantown, WV 26505-3494WV1994-02$4,235,173
18Princeton Rescue Squad Inc701 Stafford Dr, Princeton, WV 24740-2447WV1988-03$3,819,275
19Mathias-Baker Volunteer Rescue SquadPO BOX 72, Mathias, WV 26812-0072WV1998-12$1,780,391
20Greenbrier County Emergency Ambulance Service Inc257 3rd St, Lewisburg, WV 24901-9461WV1974-09$1,645,774
Number of organizations performing similar types of work
Alaska5
Alabama3
Arkansas3
Arizona6
California11
Colorado10
Connecticut32
District of Columbia1
Delaware2
Florida3
Georgia2
Iowa10
Idaho3
Illinois22
Indiana5
Kansas3
Kentucky8
Massachusetts10
Maryland18
Maine13
Michigan16
Minnesota14
Missouri5
Montana11
North Carolina35
North Dakota9
Nebraska3
New Hampshire6
New Jersey82
New Mexico6
Nevada1
New York130
Ohio15
Oklahoma8
Oregon2
Pennsylvania93
Rhode Island4
South Carolina7
South Dakota5
Tennessee16
Texas42
Utah1
Virginia64
Vermont14
Washington5
Wisconsin21
West Virginia9
Wyoming2
Total796

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