METHODIST HOME OF KENTUCKY INC

EIN: 610458375 501(c)(3) Human Services

NICHOLASVILLE, KY

Total Revenue
$13,719,477
Total Expenses
$12,508,262
Total Assets
$26,901,411
Net Assets
$24,828,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1871
Legal Domicile
KY
Principal Officer
REV JULIE HAGER LOVE
Phone
8595233001
Tax Period
2023-01-01 to 2023-12-31

METHODIST HOME OF KENTUCKY INC, founded in 1871, is a mid-sized nonprofit in the Human Services sector that reported $13.7M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $12.5M left a modest 9% surplus.

Mission

PROVIDING FOR THE PHYSICAL, EMOTIONAL, EDUCATIONAL, AND SPIRITUAL NEEDS OF CHILDREN AND FAMILIES.

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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 $12,288,816
Program Service Revenue $762,154
Investment Income $266,886
Other Revenue $401,621
TOTAL REVENUE $13,719,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,101,042
Fundraising Expenses $679,529
Program Expenses $10,409,503
Other Expenses $4,407,220
TOTAL EXPENSES $12,508,262

Year-over-Year Comparison

2023 2022 Change
Revenue $13,719,477 $9,620,890 +0.4%
Expenses $12,508,262 $9,099,020 +0.4%
Net Income $1,211,215 $521,870 +1.3%
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
18
Independent Members
18
Employees
211
Volunteers
304

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
1
$129,781
Total Directors
20
$129,781
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE HAGER LOVE EXECUTIVE DIRECTOR 40.00
Officer Director
$95,924 $33,857 $129,781
BONNIE BANKER TRUSTEE 0.00
Director
$0 $0 $0
LORETTA BARNES TRUSTEE 0.00
Director
$0 $0 $0
GREG BRANSTETTER TRUSTEE 0.00
Director
$0 $0 $0
LEONARD FAIRLEY TRUSTEE 0.00
Director
$0 $0 $0
JAMES FUGITTE TRUSTEE 0.00
Director
$0 $0 $0
KARLA FULLWOOD TRUSTEE 0.00
Director
$0 $0 $0
MARK GIBBONS TRUSTEE 0.00
Director
$0 $0 $0
JEAN HAWXHURST TRUSTEE 0.00
Director
$0 $0 $0
LADONNA HUNTON TRUSTEE 0.00
Director
$0 $0 $0
ESTHER JADHAV TRUSTEE 0.00
Director
$0 $0 $0
SUSAN JINNETT-SACK TRUSTEE 0.00
Director
$0 $0 $0
SEAN RYAN TRUSTEE 0.00
Director
$0 $0 $0
DOUG STILWELL TRUSTEE 0.00
Director
$0 $0 $0
SHANNON BOAZ TRUSTEE 0.00
Director
$0 $0 $0
GARY GIBSON TRUSTEE 0.00
Director
$0 $0 $0
JAY SMITH TRUSTEE 0.00
Director
$0 $0 $0
RANSOM COOPER TRUSTEE (EMERITUS) 0.00
Director
$0 $0 $0
GUY GOODNER TRUSTEE 0.00
Director
$0 $0 $0
JOHN MINTON TRUSTEE 0.00
Director
$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 No data No data No data No data
2023 $13,719,477 $12,508,262 $26,901,411 $1,211,215
2022 $9,620,890 $9,099,020 $23,664,217 $521,870
2021 $10,720,560 $7,686,050 $25,110,861 $3,034,510
2020 $7,412,604 $7,066,785 $21,807,841 $345,819
2019 $6,485,273 $6,648,965 $19,521,336 $-163,692
2018 $6,585,387 $6,769,976 $18,827,118 $-184,589
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