KENTUCKY HEALTH CENTER NETWORK INC (EIN 460763588) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Phone

8592747115

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY HEALTH CENTER NETWORK INC, founded in 2012, is a small nonprofit in the Health Care sector that reported $907K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

SUSTAINS KENTUCKY HEALTH COMMUNITY CENTERS AND THEIR CAPACITY TO PROVIDE QUALITY PATIENT SERVICES, TO INSTITUTE BEST PRACTICES, AND TO PURSUE CONTINUOUS IMPROVEMENT.

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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 $885,618

Program Service Revenue $20,824

Investment Income $0

Other Revenue $804

TOTAL REVENUE $907,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,889

Fundraising Expenses $0

Program Expenses $729,252

Other Expenses $557,286

TOTAL EXPENSES $961,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,246	$1,077,630	-0.2%
Expenses	$961,175	$1,022,553	-0.1%
Net Income	$-53,929	$55,077	-2.0%

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

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

$147,159

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER NESMITH	CEO	40.00	Officer	$142,353	$4,806	$147,159
PATRICK W MERRITT	BOARD MEMBER	0.50	Director	$0	$0	$0
SAMANTHA TAYLOR-KAAL	BOARD MEMBER	0.50	Director	$0	$0	$0
LESLEY DOTSON	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE WRIGHTSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JACK MINIARD	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY DURALL	BOARD MEMBER	0.50	Director	$0	$0	$0
KECIA FULCHER	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACEY ANTLE	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY RECTOR	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN LILLYBRIDGE	BOARD MEMBER	0.50	Director	$0	$0	$0
BART IRWIN	BOARD MEMBER	0.50	Director	$0	$0	$0
WAYNE LINSCOTT	BOARD MEMBER	0.50	Director	$0	$0	$0
SHELLEY GOBIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DERRICK HAMILTON	BOARD MEMBER	0.50	Director	$0	$0	$0
ELLEN VANCE	BOARD MEMBER	0.50	Director	$0	$0	$0
MELISSA GROSS	BOARD MEMBER	0.50	Director	$0	$0	$0
RACHEL WILLOUGHBY	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS BATES	BOARD MEMBER	0.50	Director	$0	$0	$0
KIM MCKENNA	BOARD MEMBER	0.50	Director	$0	$0	$0
KERRY KELLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
KIRSTI MATZEK	BOARD MEMBER	0.50	Director	$0	$0	$0
TINA BRYANT	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM CRAFT	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY QUILLEN	BOARD MEMBER	0.50	Director	$0	$0	$0
SWANNIE JETT	PRESIDENT	1.00	Officer	$0	$0	$0
CHRIS GIBSON	VICE PRESTREASURER	1.00	Officer	$0	$0	$0
MANDY GRANT	SECRETARY	1.00	Officer	$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	$907,246	$961,175	$256,996	$-53,929
2023	$1,077,630	$1,022,553	$314,790	$55,077
2022	$1,065,355	$1,039,275	$260,619	$26,080
2021	$1,027,631	$1,038,266	$235,930	$-10,635
2020	$758,088	$847,157	$230,533	$-89,069
2019	$896,086	$970,697	$323,086	$-74,611
2018	$901,125	$940,538	$396,064	$-39,413

KENTUCKY HEALTH CENTER NETWORK INC