KENTUCKY ASSOCIATION OF HEALTH PLANS INC (EIN 611093712) - 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

1987

Legal Domicile

Principal Officer

THOMAS STEPHENS

Phone

5025873736

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY ASSOCIATION OF HEALTH PLANS INC, founded in 1987, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.7M, a strong 69% operating margin.

Mission

TRADE ASSOCIATION FOR THE HMO INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $696,185

Program Service Revenue $5,850,098

Investment Income $329,141

Other Revenue $0

TOTAL REVENUE $6,875,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $479,668

Fundraising Expenses $0

Program Expenses $2,164,908

Other Expenses $1,685,240

TOTAL EXPENSES $2,164,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,875,424	$12,436,890	-0.4%
Expenses	$2,164,908	$3,220,679	-0.3%
Net Income	$4,710,516	$9,216,211	-0.5%

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

N/A

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

$195,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEB DUKE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LEON LAMOREAUX	DIRECTOR	1.00	Officer Director	$0	$0	$0
RYAN SADLER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KRISTA HENSEL	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE MANKOVICH	SECRETARY AND TREASURER	1.00	Director	$0	$0	$0
KEVIN EVERWINE	DIRECTOR	1.00	Director	$0	$0	$0
COREY EWING	DIRECTOR	1.00	Director	$0	$0	$0
TOM STEPHENS	EXECUTIVE DIRECTOR	40.00	Officer	$185,000	$10,000	$195,000

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	$6,875,424	$2,164,908	$18,471,209	$4,710,516
2022	$12,436,890	$3,220,679	$13,760,693	$9,216,211
2021	$6,128,957	$2,038,651	$4,544,482	$4,090,306
2020	$400,110	$316,156	$454,176	$83,954

KENTUCKY ASSOCIATION OF HEALTH PLANS INC