KVC BEHAVIORAL HEALTHCARE WEST VIR… - 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

2001

Legal Domicile

Phone

9133224900

Tax Period

2023-07-01 to 2024-06-30

KVC BEHAVIORAL HEALTHCARE WEST VIRGINIA INC, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $10.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $12.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

IT IS THE MISSION OF KVC TO ENRICH AND ENHANCE THE LIVES OF CHILDREN AND THEIR FAMILIES BY PROVIDING MEDICAL AND BEHAVIORAL HEALTH CARE, SOCIAL SERVICES AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $9,402,987 Revenue: $8,922,572

RAISING THE BAR ON SERVICES IS A CONTINUAL FOCUS FOR KVC WEST VIRGINIA (KVC WV). KVC WV PROVIDES THE MOST COMPREHENSIVE FOSTER CARE AND BEHAVIORAL HEALTHCARE SERVICE NETWORK IN WEST VIRGINIA AND IS ACCREDITED BY THE JOINT COMMISSION. KVC WV PROVIDES AND SUPERVISES SPECIALIZED FOSTER HOMES AND MENTAL HEALTH THERAPEUTIC SERVICES TO CHILDREN AND ADULTS. KVC WV ALSO PROVIDES WRAPAROUND AND MEDICAID WAIVER SERVICES TO KEEP YOUTH AND FAMILIES TOGETHER. LEADERSHIP AND STAFF USE EVIDENCE-BASED PRACTICES IN CHILD WELFARE, ATTENDING HUNDREDS OF HOURS OF TRAINING EACH YEAR IN PROVEN MODALITIES AND TECHNIQUES. KVC WV VALUES ITS STRONG COMMUNITY RELATIONSHIPS, WHICH STRENGTHEN KVC WV'S CAPACITY TO DELIVER COMMUNITY-BASED SERVICES. KVC WV PROVIDES IN-HOME THERAPY SERVICES TO CHILDREN AND THEIR FAMILIES, BUT WHEN CHILDREN CANNOT BE MAINTAINED SAFELY IN THEIR HOMES, KVC WV RECRUITS, LICENSES, TRAINS, AND SUPPORTS FOSTER FAMILIES. KVC ALSO PROVIDES ADOPTION SERVICES IN ORDER TO ASSIST YOUTH IN ACHIEVING PERMANENCY. IN FY24, KVC WV SUPPORTED OVER 1,200 CHILDREN AND FAMILIES WITH THEIR SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,416,387

Program Service Revenue $8,922,572

Investment Income $2,543

Other Revenue $21,055

TOTAL REVENUE $10,362,557

Expense Breakdown

Grants Paid $19,652

Salaries & Benefits $6,234,885

Fundraising Expenses $0

Program Expenses $9,402,987

Other Expenses $5,913,696

TOTAL EXPENSES $12,168,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,362,557	$11,005,200	-0.1%
Expenses	$12,168,233	$13,011,758	-0.1%
Net Income	$-1,805,676	$-2,006,558	-0.1%

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

N/A

Employees

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

$1,788,638

Total Directors