KALOS HEALTH INC

EIN: 461066844 501(c)(3) Health Care

LOCKPORT, NY

Total Revenue
$1,127,054
Total Expenses
$1,990,437
Total Assets
$21,302,890
Net Assets
$15,734,442
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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
2013
Legal Domicile
NY
Principal Officer
CARLO FIGLIOMENI
Phone
8008942464
Tax Period
2025-01-01 to 2025-12-31

KALOS HEALTH INC, founded in 2013, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 77% operating deficit.

Mission

KALOS HEALTH, INC.'S MISSION IS TO PROMOTE THE HEALTH AND WELL-BEING OF THE POOR, DISTRESSED AND UNDER PRIVILEGED PEOPLE IN THE WESTERN NEW YORK AREA AS AN APPROVED NEW YORK STATE DEPARTMENT OF HEALTH MANAGED LONG TERM CARE PLAN BY DEVELOPING A NETWORK OF CARE PROVIDERS AND WORKING CLOSELY WITH PROVIDERS TO PROVIDE QUALITY HEALTH CARE. CURRENTLY, THE ORGANIZATION IS SERVICING INDIVIDUALS LOCATED IN ERIE, NIAGARA, ORLEANS, GENESEE, CHAUTAUQUA, AND MONROE COUNTIES WHO ARE AGE 18 AND OLDER AND HAVE A CHRONIC ILLNESS AND/OR HEALTH DISABILITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $88,910
Investment Income $879,234
Other Revenue $158,910
TOTAL REVENUE $1,127,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,663
Fundraising Expenses $0
Program Expenses $320,424
Other Expenses $1,959,774
TOTAL EXPENSES $1,990,437

Year-over-Year Comparison

2025 2024 Change
Revenue $1,127,054 $46,947,550 -1.0%
Expenses $1,990,437 $38,423,929 -0.9%
Net Income $-863,383 $8,523,621 -1.1%
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

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA SMITH CPA BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID SCHLEIN CPA TREASURER 0.50
Officer Director
$0 $0 $0
JOHN CIPOLLITTI CHAIRMAN 0.50
Officer Director
$0 $0 $0
PAUL C COLLINS BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD COLE ESQ SECRETARY 0.50
Officer Director
$0 $0 $0
CARLO FIGLIOMENI PRESIDENT & CEO 17.00
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
2025 $1,127,054 $1,990,437 $21,302,890 $-863,383
2024 No data No data No data No data
2023 $29,901,857 $27,405,714 $18,924,847 $2,496,143
2022 $22,138,016 $20,286,487 $16,545,998 $1,851,529
2021 $30,080,991 $24,497,092 $17,635,497 $5,583,899
2020 $71,003,516 $65,353,606 $11,953,492 $5,649,910
2019 $85,564,282 $88,014,715 $7,403,254 $-2,450,433
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