PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY INC

EIN: 611078924 501(c)(3) Human Services

LOUISVILLE, KY

Total Revenue
$10,685,544
Total Expenses
$14,049,639
Total Assets
$18,044,739
Net Assets
$5,917,820
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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
1985
Legal Domicile
KY
Principal Officer
HARRIET WAGNER
Phone
5022599101
Tax Period
2023-01-01 to 2023-12-31

PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY INC, founded in 1985, is a mid-sized nonprofit in the Human Services sector that reported $10.7M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $14.0M exceeded revenue, resulting in a 31% operating deficit.

Mission

FINANCIAL AND OPERATIONAL MANAGEMENT OF NURSING FACILITIES, ASSISTED-LIVING FACILITIES, AND RETIREMENT APARTMENTS. THE ORGANIZATION HAS 172 NURSING BEDS, 49 ASSISTED-LIVING APARTMENTS AND 74 PERSONAL CARE BEDS.

Program Service Accomplishments

Program 1
Expenses: $11,129,331 Revenue: $10,620,282

PROVIDED 50,927 DAYS OF PATIENT CARE FOR NURSING HOME RESIDENTS.

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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 $47,727
Program Service Revenue $10,620,282
Investment Income $17,535
Other Revenue $0
TOTAL REVENUE $10,685,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,512,774
Fundraising Expenses $0
Program Expenses $11,129,331
Other Expenses $6,536,865
TOTAL EXPENSES $14,049,639

Year-over-Year Comparison

2023 2022 Change
Revenue $10,685,544 $20,905,991 -0.5%
Expenses $14,049,639 $18,190,129 -0.2%
Net Income $-3,364,095 $2,715,862 -2.2%
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
10
Independent Members
10
Employees
339
Volunteers
40

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
5
$362,321
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MRS MARY STUART REICHARD TRUSTEE 2.00
Director
$0 $0 $0
MR J MICHAEL DALTON TRUSTEE 2.00
Director
$0 $0 $0
MS MELISSA DEARK MULL VICE CHAIR 2.00
Officer Director
$0 $0 $0
MR WILLIAM M RENDA CHAIR 2.00
Officer Director
$0 $0 $0
MR BRANDON FOGLE TRUSTEE 2.00
Director
$0 $0 $0
MR JOHN LAUFENBERG TRUSTEE 2.00
Director
$0 $0 $0
MR BILL WILLIAMSON SECRETARY 2.00
Officer Director
$0 $0 $0
MS BRITTNEY TALLEY TRUSTEE 2.00
Director
$0 $0 $0
MS HEATHER JONES MCPEEK TRUSTEE 2.00
Director
$0 $0 $0
DR HARRIET WAGNER PRESIDENT/CEO 40.00
Officer
$209,562 $2,126 $211,688
MR BEN DURHAM EXECUTIVE VICE PRESIDENT 40.00
Officer
$149,057 $1,576 $150,633
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 $10,685,544 $14,049,639 $18,044,739 $-3,364,095
2022 $20,905,991 $18,190,129 $22,975,436 $2,715,862
2021 $21,992,512 $19,115,616 $21,197,492 $2,876,896
2021 $21,992,512 $19,115,616 $21,197,492 $2,876,896
2020 $19,679,997 $17,946,395 $19,283,473 $1,733,602
2019 $24,504,564 $22,955,125 $14,197,611 $1,549,439
2018 $23,214,887 $23,113,321 $12,190,945 $101,566
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