KENTUCKY FOUNDATION FOR MEDICAL CA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

LINDA H GLEIS MD

Phone

5028141395

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY FOUNDATION FOR MEDICAL CARE IN, founded in 1971, is a small nonprofit that reported $245K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $286K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE FOUNDATION IS COMMITTED TO PHYSICIAN LEADERSHIP EDUCATION AS WELL AS IMPROVING THE HEALTH OF ALL KENTUCKIANS THROUGH MEDICAL EDUCATION AND PUBLIC HEALTH INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $116,929

KENTUCKY PHYSICIANS LEADERSHIP INSTITUTE (WHICH INCLUDES THE KENTUCKY PHYSICIANS LEADERSHIP ACADEMY):A FOUR WEEKEND PROGRAM PROMOTING PHYSICIAN LEADERSHIP THROUGH ENHANCEMENT OF PERSONAL LEADERSHIP SKILLS, HEALTH CARE BUSINESS AND ORGANIZATIONAL SKILLS, AND HEALTH CARE POLICY AND ADVOCACY SKILLS.MEDICAL STUDENT OUTREACH LEADERSHIP PROGRAM (MSOL):PROGRAM TO PROMOTE MEDICAL STUDENT LEADERSHIP THROUGH COMMUNITY INVOLVEMENT, AND EDUCATION ON THE POLITICAL, SOCIAL, AND ECONOMIC ISSUES OF THE HEALTH CARE SYSTEM.

Program 2

Expenses: $5,715

RURAL PHYSICAN BURN OUT PROGRAM: THIS PROGRAM PROVIDES UP TO SIX THERAPY SESSIONS TO A KMA MEMBER WHO RESIDES IN A RURAL AREA OF KENTUCKY TO ADDRESS THE EFFECTS OF BURNOUT. THE PROGRAM IS TOTALLY...

RURAL PHYSICAN BURN OUT PROGRAM: THIS PROGRAM PROVIDES UP TO SIX THERAPY SESSIONS TO A KMA MEMBER WHO RESIDES IN A RURAL AREA OF KENTUCKY TO ADDRESS THE EFFECTS OF BURNOUT. THE PROGRAM IS TOTALLY CONFIDENTIAL AND PROVIDES PHYSICIANS A WAY TO SEEK TREATMENT OUTSIDE THEIR OWN PRACTICE SETTING WITHOUT HAVING TO WORRY ABOUT PRIVACY CONCERNS.RURAL PHYSICIAN LEADERSHIP PROGRAM:THIS PROGRAM PROVIDES SCHOLARSHIPS TO KMA MEMBERS WHO RESIDE IN RURAL AREAS OF KENTUCKY TO ATTEND THE KENTUCKY PHYSICIANS LEADERSHIP INSTITUTE.

Program 3

Expenses: $88,000

VOICES FOR VACCINATION CAMPAIGN. INCOME RESULTS FROM A GRANT FROM THE KENTUCKY DEPARTMENT FOR PUBLIC HEALTH. THE KENTUCKY FOUNDATION FOR MEDICAL CARE ADDRESSES VACCINE HESITANCY AND BARRIERS TO...

VOICES FOR VACCINATION CAMPAIGN. INCOME RESULTS FROM A GRANT FROM THE KENTUCKY DEPARTMENT FOR PUBLIC HEALTH. THE KENTUCKY FOUNDATION FOR MEDICAL CARE ADDRESSES VACCINE HESITANCY AND BARRIERS TO IMMUNIZATION AMONG UNDER IMMUNIZED COMMUNITIES IN KENTUCKY, INCLUDING RURAL AND URBAN MINORITY COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $97,727

Program Service Revenue $21,963

Investment Income $125,614

Other Revenue $0

TOTAL REVENUE $245,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,484

Program Expenses $210,644

Other Expenses $286,167

TOTAL EXPENSES $286,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,304	$120,081	+1.0%
Expenses	$286,167	$117,693	+1.4%
Net Income	$-40,863	$2,388	-18.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN JONES MD	PRESIDENT	0.01	Officer Director	$0	$0	$0
WILLIAM HARRISON MD	VICE PRESIDENT	0.01	Officer Director	$0	$0	$0
LINDA H GLEIS MD	SECRETARY - TREASURER	0.01	Officer Director	$0	$0	$0
ANGELA T DEARINGER MD	DIRECTOR	0.01	Director	$0	$0	$0
AMANDA M EVANS DO	DIRECTOR	0.01	Director	$0	$0	$0
LESLEY A KELLIE DO	DIRECTOR	0.01	Director	$0	$0	$0
CASEY L MILES MD	DIRECTOR	0.01	Director	$0	$0	$0
MAURICE J OAKLEY MD	DIRECTOR	0.01	Director	$0	$0	$0
NANCY C SWIKERT MD	DIRECTOR	0.01	Director	$0	$0	$0
FRED A WILLIAMS JR MD	DIRECTOR	0.01	Director	$0	$0	$0
R BRENT WRIGHT MD MMM	DIRECTOR	0.01	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$245,304	$286,167	$2,390,884	$-40,863
2023	$120,081	$117,693	$2,266,851	$2,388
2022	$117,898	$256,529	$2,115,242	$-138,631
2022	$48,339	$116,866	$2,072,429	$-68,527
2021	$196,023	$80,504	$2,548,629	$115,519
2020	$80,844	$166,804	$2,033,752	$-85,960
2019	$98,547	$237,292	$2,107,442	$-138,745

KENTUCKY FOUNDATION FOR MEDICAL CARE IN