KENTUCKY HEALTH COOPERATIVE INC

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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

2011

Legal Domicile

Principal Officer

DONALD ROOF

Phone

7703630425

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY HEALTH COOPERATIVE INC, founded in 2011, is a small nonprofit in the Mutual Benefit sector that reported $320K in total revenue in fiscal year 2024.

Mission

THE ORGANZATIONS MISSION ENCOMPASSED OUTREACH TO ALL ELIGIBLE INDIVIDUALS AND GROUPS WITH A PARTICULAR FOCUS ON POPULATION SEGMENTS PREVIOUSLY IGNORED BY OTHER HEALTH INSURERS. COMMONLY KNOW AS THE WORKING UNINSURED. KYHC WAS ORDERED INTO LIQUIDATION JANUARY 15, 2016.

Program Service Accomplishments

Program 1

Expenses: $17,409

KENTUCKY HEALTH COOPERATIVE, INC IS A CONSUMER GOVERNED, PRIVATE, NONPROFIT HEALTH INSURANCE ENTITY FOR THE PURPOSE OF ESTABLISHING A QUALIFIED NOT-FOR-PROFIT HEALTH INSURANCE ISSUER TO OFFER...

KENTUCKY HEALTH COOPERATIVE, INC IS A CONSUMER GOVERNED, PRIVATE, NONPROFIT HEALTH INSURANCE ENTITY FOR THE PURPOSE OF ESTABLISHING A QUALIFIED NOT-FOR-PROFIT HEALTH INSURANCE ISSUER TO OFFER QUALIFIED HEALTH PLANS PRIMARILY IN THE INDIVIDUAL AND SMALL GROUP MARKETS IN THE COMMONWEALTH OF KENTUCKY IN ACCORDANCE WITH THE PROVISIONS OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT ENACTED ON MARCH 23, 2010. THE COOPERATIVE IS SUBJECT TO INSURANCE LAWS AND REGULATIONS OF THE KENTUCKY DEPARTMENT OF INSURANCE. DURING 2024, THE COMPANY DID NOT INSURE ANY MEMBERS AS THE FILING ORGANIZATION WAS ORDERED INTO LIQUIDATION IN 2016.

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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 $0

Program Service Revenue $0

Investment Income $319,984

Other Revenue $0

TOTAL REVENUE $319,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,409

Other Expenses $310,658

TOTAL EXPENSES $310,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,984	$312,778	+0.0%
Expenses	$310,658	$337,290	-0.1%
Net Income	$9,326	$-24,512	-1.4%

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

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

$132,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON ROOF	LIQUIDATOR/CEO	005.00	Officer Director	$0	$0	$0
BRIAN JEREMY DUNN	SENIOR ACCOUNTANT	040.00	Officer	$132,055	$0	$132,055

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	$319,984	$310,658	$16,770,800	$9,326
2023	$312,778	$337,290	$17,243,786	$-24,512
2022	$225,542	$582,368	$22,196,314	$-356,826
2021	$6,895,178	$1,461,443	$90,969,021	$5,433,735
2020	$39,611,774	$1,153,791	$85,561,818	$38,457,983
2019	$2,956,784	$1,099,665	$46,923,481	$1,857,119
2018	$4,214,776	$1,992,491	$45,205,945	$2,222,285