THE LAURELS INC

EIN: 610605647 501(c)(3)

HARLAN, KY

Total Revenue
$1,309,431
Total Expenses
$1,230,880
Total Assets
$798,532
Net Assets
$150,837
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1940
Legal Domicile
KY
Tax Period
2023-01-01 to 2023-12-31

THE LAURELS INC, founded in 1940, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 6% surplus.

Mission

PERSONAL CARE NURSING HOME

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,304,894
Investment Income $2
Other Revenue $4,535
TOTAL REVENUE $1,309,431

Expense Breakdown

Grants Paid $0
Salaries & Benefits $584,074
Fundraising Expenses $0
Program Expenses $1,099,160
Other Expenses $646,806
TOTAL EXPENSES $1,230,880

Year-over-Year Comparison

2023 2022 Change
Revenue $1,309,431 $1,272,638 +0.0%
Expenses $1,230,880 $1,349,293 -0.1%
Net Income $78,551 $-76,655 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
49
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
2
$0
Total Directors
7
$40,771
Key Employees
1
$40,771
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOY DEAN DIRECTOR 40.00
Director Key Emp
$40,771 $0 $40,771
JOE CREECH BOARD MEMBER 1.00
Director
$0 $0 $0
ED FLANAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN CREECH BOARD MEMBER 1.00
Director
$0 $0 $0
BENNY DALE COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK BUSHNELL CHAIRMAN 2.00
Officer Director
$0 $0 $0
SHARON COLTON SECRETARY 1.00
Officer 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 $1,309,431 $1,230,880 $798,532 $78,551
2022 $1,272,638 $1,349,293 $798,305 $-76,655
2020 $999,986 $1,155,714 $1,051,994 $-155,728
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE LAURELS INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.