KENTUCKY RURAL HEALTH INFORMATION … - Form 990 Financial Data

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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

Principal Officer

FRANKLIN PERKINS

Phone

8553852089

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY RURAL HEALTH INFORMATION TECHNOLOGY NETWORK INC, founded in 2013, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $782K, a strong 19% operating margin.

Mission

IN THE CALENDAR YEAR 2019, THE ORGANIZATION CHANGED ITS FOCUS TO HELP PATIENTS AFFECTED BY THE OPIOID CRISIS.

Program Service Accomplishments

Program 1

STARTING IN CALENDAR YEAR 2019, KRHIT STARTED AN OPIOID CLINIC TO HELP INDIVIDUALS AFFLICTED IN THE COMMUNITY WITH OPIOID ADDICTION. THE PATIENT COUNT AT THE END OF THE CALENDAR YEAR REACHED 70 WITH...

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,121,161

Program Service Revenue $2,087,824

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,208,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,106,844

Fundraising Expenses $0

Program Expenses $2,539,814

Other Expenses $1,319,957

TOTAL EXPENSES $3,426,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,208,985	$2,619,397	+0.6%
Expenses	$3,426,801	$2,142,807	+0.6%
Net Income	$782,184	$476,590	+0.6%

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

$115,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL WILSON	CHAIRMAN	2.00	Director	$0	$0	$0
AMANDA ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
KIM BINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN K PERKINS	EXECUTIVE DIRECTOR	35.00	Officer	$115,000	$0	$115,000

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
2023	$4,208,985	$3,426,801	$1,922,024	$782,184
2022	$2,619,397	$2,142,807	$708,175	$476,590
2021	$1,600,190	$1,657,242	$268,228	$-57,052
2020	$990,934	$1,221,255	$201,133	$-230,321

KENTUCKY RURAL HEALTH INFORMATION TECHNOLOGY NETWORK INC