PIKEVILLE MEDICAL CENTER FOUNDATION FOR QUALITY HEALTHCARE INC

EIN: 472020718 501(c)(3) Health Care

PIKEVILLE, KY

Total Revenue
$351,758
Total Expenses
$546,152
Total Assets
$835,646
Net Assets
$833,817
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
KY
Principal Officer
WILLIAM D BLACKBURN
Phone
6064303501
Tax Period
2023-10-01 to 2024-09-30

PIKEVILLE MEDICAL CENTER FOUNDATION FOR QUALITY HEALTHCARE INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $352K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $546K exceeded revenue, resulting in a 55% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO SUPPORT THE CHARITABLE AND HEALTH ACTIVITIES OF PIKEVILLE MEDICAL CENTER, INC.

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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 $399,682
Program Service Revenue $0
Investment Income $0
Other Revenue $-47,924
TOTAL REVENUE $351,758

Expense Breakdown

Grants Paid $512,408
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $512,408
Other Expenses $33,744
TOTAL EXPENSES $546,152

Year-over-Year Comparison

2023 2022 Change
Revenue $351,758 $418,979 -0.2%
Expenses $546,152 $636,068 -0.1%
Net Income $-194,394 $-217,089 -0.1%
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
7
Independent Members
5
Employees
N/A
Volunteers
21

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
3
$70,227
Total Directors
7
$2,235,947
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD BURCHETT BOARD PRESIDENT 1.00
Officer Director
$0 $0 $24,227
JOE DEAN ANDERSON BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $23,000
WILLIAM D BLACKBURN BOARD MEMBER/PMC PRESIDENT/CEO 1.00
Director
$0 $50,061 $1,187,305
JOHN LABRECHE BOARD MEMBER 1.00
Director
$0 $0 $23,000
AARON CRUM MD BOARD MEMBER/PMC CMO/ASST CEO 1.00
Director
$0 $16,117 $932,415
JULIUS CLINTON MARTIN II BOARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $23,000
DAVID COLLINS BOARD MEMBER 1.00
Director
$0 $0 $23,000
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
2024 $351,758 $546,152 $835,646 $-194,394
2023 $418,979 $636,068 $1,095,544 $-217,089
2022 $551,857 $957,267 $1,435,447 $-405,410
2021 $569,923 $721,236 $1,399,197 $-151,313
2020 $376,306 $357,304 $74,439 $19,002
2019 $332,945 $327,783 $154,898 $5,162
2018 $293,391 $293,391 $147,386 No data
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