Palliative Care Center of the Blue… - Form 990 Financial Data

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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

1998

Legal Domicile

Phone

8592765344

Tax Period

2023-01-01 to 2023-12-31

Palliative Care Center of the Bluegrass Inc, founded in 1998, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

Palliative Care Center of the Bluegrass is a mission-driven organization, dedicated to providing the highest interdisciplinary palliative care to all it serves. The ultimate goal of palliative care is to improve the quality of life for the patient and family.

Program Service Accomplishments

Program 1

Expenses: $3,369,043 Revenue: $1,736,114

PROVIDE INTERDISCIPLINARY PALLIATIVE CARE WITH THE ULTIMATE GOAL OF IMPROVING THE QUALITY OF LIFE FOR THE PATIENT AND FAMILY TO APPROXIMATELY 3,618 PATIENTS. PALLIATIVE MEDICINE IS THE...

PROVIDE INTERDISCIPLINARY PALLIATIVE CARE WITH THE ULTIMATE GOAL OF IMPROVING THE QUALITY OF LIFE FOR THE PATIENT AND FAMILY TO APPROXIMATELY 3,618 PATIENTS. PALLIATIVE MEDICINE IS THE SYMPTOM-DIRECTED, PATIENT-CENTERED, LIFE-AFFIRMING CARE OF INDIVIDUALS, THEIR FAMILIES AND FRIENDS WHO ARE LIVING WITH PROGRESSIVE LIFE-THREATENING ILLNESSES. IN ADDITION TO SUPPORTING PATIENTS AND FAMILIES, PALLIATIVE CARE CENTER OF THE BLUEGRASS COLLABORATES WITH PARTNERS AS LEADERS IN PALLIATIVE CARE, PROVIDES OPPORTUNITIES FOR THE COMMUNITY TO SHARE TIME, TALENT AND SUPPORT, EDUCATES ORGANIZATIONS ON PROVIDING PALLIATIVE SERVICES, AND SUPPORTS STAFF AND VOLUNTEERS IN A CREATIVE CLIMATE WHERE THEY FIND MEANING AND CAN DO THEIR BEST WORK.

Program 2

Expenses: $5,687 Revenue: $9,750

PALLIATIVE CARE CENTER OF THE BLUEGRASS IS A LEARNING CENTER IN WHICH INDIVIDUALS COME FROM ACROSS THE NATION TO RECEIVE PALLIATIVE EDUCATION. IN 2023, 1 PROGRAM WAS HELD WITH 4 TOTAL PARTICIPANTS...

PALLIATIVE CARE CENTER OF THE BLUEGRASS IS A LEARNING CENTER IN WHICH INDIVIDUALS COME FROM ACROSS THE NATION TO RECEIVE PALLIATIVE EDUCATION. IN 2023, 1 PROGRAM WAS HELD WITH 4 TOTAL PARTICIPANTS FROM ARKANSAS.

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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 $1,693,698

Program Service Revenue $1,736,098

Investment Income $506

Other Revenue $9,766

TOTAL REVENUE $3,440,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,531,717

Fundraising Expenses $0

Program Expenses $3,374,730

Other Expenses $302,673

TOTAL EXPENSES $3,834,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,440,068	$5,125,197	-0.3%
Expenses	$3,834,390	$4,464,098	-0.1%
Net Income	$-394,322	$661,099	-1.6%

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

$1,664,637

Total Directors

$1,309,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	0.2	Officer Director	$0	$0	$0
N/A	Vice Chair Board of Directors/CEO	0.2	Officer Director	$0	$51,931	$721,515
N/A	CHIEF MEDICAL OFFICER	30.0	Officer Director	$207,379	$48,406	$587,594
N/A	BOARD MEMBER (through Aug 2023)	0.2	Director	$0	$0	$0
N/A	BOARD MEMBER	0.2	Director	$0	$0	$0
N/A	BOARD MEMBER	0.2	Director	$0	$0	$0
N/A	BOARD MEMBER	0.2	Director	$0	$0	$0
N/A	BOARD MEMBER	0.2	Director	$0	$0	$0
N/A	TREASURER/CFO	0.5	Officer	$0	$25,529	$355,528

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	$3,440,068	$3,834,390	$1,925,364	$-394,322
2022	$5,125,197	$4,464,098	$807,461	$661,099
2021	$4,220,558	$4,574,461	$914,926	$-353,903
2020	$1,985,031	$3,495,120	$1,083,806	$-1,510,089
2019	$2,501,728	$2,389,434	$758,647	$112,294
2018	$2,414,722	$2,085,415	$919,433	$329,307

Palliative Care Center of the Bluegrass Inc