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)

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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

ANSWERING GOD'S CALL TO LIFE CARE FOR THE AGING AND OTHERS, PRESBYTERIAN HOMES AND SERVICES OF KENTUCKY, INC. (PHSK) ENDEAVORS TO GIVE COMPASSIONATE CARE AND SUPERIOR SERVICE TO ALL WE SERVE. TO FULFILL THIS MISSION, PHSK HAS DEVELOPED COMMUNITIES TO ENCOURAGE RESIDENTS TO LIVE WITH DIGNITY WHILE MAINTAINING HIGHEST POSSIBLE LEVEL OF INDEPENDENCE. SERVING A DIVERSE POPULATION, EACH OF THE FACILITIES IN THE PRESBYTERIAN HOMES AND SERVICES FAMILY CREATES AN ENVIRONMENT TO RESPOND TO CHANGING NEEDS AS OUR RESIDENTS AGE. OFFERING COMPASSIONATE MEDICAL CARE, IN ADDITION TO SPIRITUAL AND EMOTIONAL SUPPORT SERVICES, PRESBYTERIAN HOMES SEEKS TO PROMOTE THE HEALTH AND WELFARE OF EACH PERSON WITH WHOM WE ASSOCIATE. IN ADDITION, PHSK PROVIDES FINANCIAL SUPPORT TO RESIDENTS WHOSE RESOURCES HAVE BEEN EXHAUSTED. THANKS TO OUR BENEVOLENT CARE FUND, NO RESIDENT IS ASKED TO LEAVE OUR FACILITIES DUE TO LACK OF FINANCIAL RESOURCES.

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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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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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