LIFE PLAN OF KENTUCKY INC

EIN: 453567607 501(c)(3) Human Services

LEXINGTON, KY

Total Revenue
$621,123
Total Expenses
$524,462
Total Assets
$893,816
Net Assets
$893,816
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
KY
Principal Officer
JOSH FAIN
Phone
8595232323
Tax Period
2023-01-01 to 2023-12-31

LIFE PLAN OF KENTUCKY INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $621K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $97K, a strong 16% operating margin.

Mission

PROVIDE POOLED TRUST SERVICES TO DISABLED INDIVIDUALS WHO RECEIVE MEANS TESTED BENEFITS. ADDITIONALLY, THE ORGANIZATION PROVIDES, AT NO CHARGE TO ATTENDEES, EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR FAMILY MEMBERS OF PERSONS WITH DISABILITIES, CONSULTATIONS ABOUT SERVICES AVAILABLE IN KENTUCKY, AND RECREATIONAL OPPORTUNITIES FOR PERSONS WITH DISABILITIES. THE ORGANIZATION ALSO CONDUCTS INFORMATIONAL PROGRAMS ABOUT KENTUCKY MEDICAID WAIVERS AND OTHER SERVICES AT NO CHARGE FOR INDIVIDUALS WITH DISABILITIES, THEIR FAMILIES, CASE MANAGERS AND OTHER PROFESSIONALS. THE ORGANZIATION ALSO ASSISTS, AT NO CHARGE, ELIGIBLE INDIVIDUALS TO ESTABLISH ABLE ACCOUNTS TO PROTECT ELIGIBILITY FOR DISABILITY-RELATED SERVICES AND BENEFITS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,885
Program Service Revenue $605,845
Investment Income $1,393
Other Revenue $0
TOTAL REVENUE $621,123

Expense Breakdown

Grants Paid $13,206
Salaries & Benefits $356,679
Fundraising Expenses $0
Program Expenses $493,947
Other Expenses $154,577
TOTAL EXPENSES $524,462

Year-over-Year Comparison

2023 2022 Change
Revenue $621,123 $680,983 -0.1%
Expenses $524,462 $355,933 +0.5%
Net Income $96,661 $325,050 -0.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
N/A

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
6
$190,319
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN PERCH EXECUTIVE DI 40.00
Officer
$132,050 $0 $132,050
TINA SCOTT PRESIDENT 2.00
Officer
$0 $0 $0
JENNIFER GARLAND SECRETARY 1.00
Officer
$0 $0 $0
KEVIN JOHNS VICE PRESIDE 1.00
Officer
$0 $0 $0
STEFAN HENDRICKSON DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER GILMORE DIRECTOR 1.00
Director
$0 $0 $0
TRACI BREWER DIRECTOR 1.00
Director
$0 $0 $0
CAMERON HAMILTON TREASURER 1.00
Officer
$0 $0 $0
RACHEL JONES DIRECTOR 1.00
Director
$0 $0 $0
ELISE KALIKA DIRECTOR N/A
Director
$0 $0 $0
KATIE FINNELL DIRECTOR N/A
Director
$0 $0 $0
JASON LEE DIRECTOR N/A
Director
$0 $0 $0
JOSH FAIN EXECUTIVE DI 40.00
Officer
$58,269 $0 $58,269
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 $621,123 $524,462 $893,816 $96,661
2022 $680,983 $355,933 $794,394 $325,050
2021 $526,567 $331,430 $474,691 $195,137
2020 $373,982 $291,893 $275,346 $82,089
2019 $422,134 $271,354 $191,325 $150,780
2018 $225,168 $195,258 $50,545 $29,910
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