HealthFirst Bluegrass Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Phone

8592882425

Tax Period

2023-01-01 to 2023-12-31

HealthFirst Bluegrass Inc, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $34.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $32.4M left a modest 7% surplus.

Mission

HEALTHFIRST PROVIDES OUTPATIENT PRIMARY HEALTHCARE, BEHAVIORAL HEALTH AND DENTAL SERVICES TO THE UNDERSERVED AND UNINSURED RESIDENTS OF FAYETTE COUNTY AND SURROUNDING COUNTIES IN KENTUCKY.

Program Service Accomplishments

Program 1

Expenses: $23,370,883 Revenue: $21,332,648

HEALTHFIRST BLUEGRASS, INC, (HEALTH CENTER) IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) THAT WORKS TO IMPROVE, PROMOTE AND MAINTAIN THE PHYSICAL AND EMOTIONAL AND DENTAL HEALTH OF PEOPLE IN THE...

HEALTHFIRST BLUEGRASS, INC, (HEALTH CENTER) IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) THAT WORKS TO IMPROVE, PROMOTE AND MAINTAIN THE PHYSICAL AND EMOTIONAL AND DENTAL HEALTH OF PEOPLE IN THE COMMUNITIES IT SERVES. THE HEALTH CENTER PRIMARILY EARNS REVENUES BY PROVIDING PHYSICIAN AND RELATED HEALTH CARE AND MENTAL CARE SERVICES AND DENTAL CARE SERVICES THROUGH CLINICS LOCATED IN LEXINGTON, KENTUCKY. A SIGNIFICANT NUMBER OF PATIENTS ARE LOW-INCOME FAMILIES THAT CANNOT AFFORD HEALTH CARE ASSISTANCE PROGRAMS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,307,341

Program Service Revenue $17,996,676

Investment Income $200,405

Other Revenue $4,437,353

TOTAL REVENUE $34,941,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,939,161

Fundraising Expenses $0

Program Expenses $23,370,883

Other Expenses $10,478,713

TOTAL EXPENSES $32,417,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,941,775	$30,622,215	+0.1%
Expenses	$32,417,874	$27,761,438	+0.2%
Net Income	$2,523,901	$2,860,777	-0.1%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

401

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

$484,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Chair	1.0	Officer Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	COO	40.0	Officer	$160,371	$12,830	$173,201
N/A	CFO	40.0	Officer	$77,325	$5,739	$83,064
N/A	CEO	40.0	Officer	$213,231	$14,677	$227,908
N/A	Psychiatrist	40.0	Highest	$305,020	$12,201	$317,221
N/A	Dentist	40.0	Highest	$180,333	$14,426	$194,759
N/A	Physician	40.0	Highest	$195,310	$15,624	$210,934
N/A	Physician	40.0	Highest	$185,976	$9,972	$195,948
N/A	Physician	40.0	Highest	$179,508	$9,445	$188,953

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	No data	No data	No data	No data
2023	$34,941,775	$32,417,874	$37,718,455	$2,523,901
2022	$30,622,215	$27,761,438	$34,904,396	$2,860,777
2021	$27,385,897	$25,778,145	$30,947,747	$1,607,752
2020	$21,029,533	$24,530,549	$31,582,424	$-3,501,016
2019	$22,976,543	$22,787,488	$31,364,050	$189,055
2018	$23,012,651	$20,785,360	$30,601,691	$2,227,291