NORTHERN KENTUCKY MHMR REGIONAL BOARD INC (EIN 610661458) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Principal Officer

DR OWEN NICHOLS

Phone

8595783200

Tax Period

2022-07-01 to 2023-06-30

NORTHERN KENTUCKY MHMR REGIONAL BOARD INC, founded in 1966, is a mid-sized nonprofit in the Mental Health sector that reported $50.0M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $44.6M left a modest 11% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY BY PROVIDING MENTAL HEALTH, MENTAL RETARDATION, AND SUBSTANCE ABUSE SERVICES TO THOSE WHO HAVE BEEN AFFECTED BY EMOTIONAL, MENTAL, AND BEHAVIORAL DISORDERS. MOST OF THE PATIENTS ARE INDIGENT OR ON MEDICAID.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,930,289

Program Service Revenue $34,240,624

Investment Income $706,465

Other Revenue $155,426

TOTAL REVENUE $50,032,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,302,078

Fundraising Expenses $978

Program Expenses $40,832,976

Other Expenses $21,318,025

TOTAL EXPENSES $44,620,103

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,032,804	$53,565,979	-0.1%
Expenses	$44,620,103	$44,707,119	0.0%
Net Income	$5,412,701	$8,858,860	-0.4%

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

Volunteers

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

$692,760

Total Directors

$692,760

Key Employees

$267,681

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OWEN T NICHOLS	PRESIDENT, CEO (NON-VOTING	44.58	Officer Director	$444,581	$12,731	$457,312
BRIAN JONES	MEDICAL DIRECTOR	40.04	Key Emp	$238,851	$28,830	$267,681
ART JONES	CFO (NON-VOTING)	47.86	Officer Director	$216,254	$19,194	$235,448
ROBERT VONCKX	CHIEF OF OPERATIONS AND TA	44.01	Highest	$157,879	$23,667	$181,546
SANDRA GEORGE	CHIEF OF SERVICES & DEVELO	45.87	Highest	$151,652	$13,755	$165,407
LAURIE LEWIS	APRN	40.00	Highest	$102,214	$21,131	$123,345
KELLI KOORS	APRN	40.17	Highest	$102,214	$11,300	$113,514
AMBER MILLER-WILLMOTH	APRN	40.81	Highest	$101,474	$11,967	$113,441
STEPHANIE HUHN	CHAIR	1.00	Officer Director	$0	$0	$0
COURTNEY FRENCH BOURNE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BLAIR WHITAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
CASSANDRA WELCH	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES THELEN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
GARY GOETZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID L CHRISTEN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN EDELEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ZIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARI JOSLYN	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$50,032,804	$44,620,103	$63,214,436	$5,412,701
2022	$53,565,979	$44,707,119	$54,352,096	$8,858,860
2021	$44,315,808	$39,730,718	$48,007,236	$4,585,090
2020	$42,381,982	$37,088,772	$41,041,725	$5,293,210
2019	$37,556,254	$33,840,315	$34,622,015	$3,715,939
2018	$28,735,656	$23,805,834	$30,033,581	$4,929,822

NORTHERN KENTUCKY MHMR REGIONAL BOARD INC