KENTUCKYONE HEALTH MEDICAL GROUP INC (EIN 611352729) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

CARMEL JONES

Phone

5025403888

Tax Period

2022-07-01 to 2023-06-30

KENTUCKYONE HEALTH MEDICAL GROUP INC, founded in 1999, is a mid-sized nonprofit in the Health Care sector that reported $77.4M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $154.9M exceeded revenue, resulting in a 100% operating deficit.

Mission

KENTUCKYONE HEALTH MEDICAL GROUP, INC. ("KHMG") IS THE PHYSICIAN COMPONENT OF AN INTEGRATED HEALTHCARE DELIVERY SYSTEM. KHMG PROVIDES MEDICAL CARE THROUGH PHYSICIAN AND ADVANCED PRACTICE CLINICIAN SERVICES AT CLINIC LOCATIONS THROUGHOUT CENTRAL AND EASTERN KENTUCKY. KHMG PERFORMED APPROXIMATELY 426,881 VISITS IN FY2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,745,950

Program Service Revenue $66,822,699

Investment Income $37,919

Other Revenue $8,752,073

TOTAL REVENUE $77,358,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,515,560

Fundraising Expenses $0

Program Expenses $131,763,218

Other Expenses $47,359,372

TOTAL EXPENSES $154,874,932

Year-over-Year Comparison

	2022	2021	Change
Revenue	$77,358,641	$84,422,223	-0.1%
Expenses	$154,874,932	$149,369,977	+0.0%
Net Income	$-77,516,291	$-64,947,754	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

1095

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

$1,696,803

Total Directors

$5,634,017

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAGABHUSHANAM BOLLAVARAM	PULMONOLOGIST CRITICAL CARE	55.00	Highest	$1,468,042	$56,305	$1,524,347
HAWA EDRISS	PULMONOLOGIST CRITICAL CARE	55.00	Highest	$1,296,461	$46,830	$1,343,291
VINCENT DEPALMA	ORTHOPEDIST GENERAL	55.00	Highest	$1,277,630	$53,138	$1,330,768
MARK DUBER	ORTHOPEDIST GENERAL	55.00	Highest	$1,120,060	$50,461	$1,170,521
ANTHONY HOUSTON	MARKET CEO/DIRECTOR	1.00	Director	$0	$52,292	$1,076,228
KEVIN MAGONE	ORTHOPEDIST GENERAL	55.00	Highest	$1,028,435	$12,376	$1,040,811
JOHN ABE MD	DIRECTOR/CARDIOLOGIST	55.00	Director	$854,683	$50,311	$904,994
KATHLEEN MARTIN MD	DIRECTOR/GASTROENTEROLOGIST	55.00	Director	$672,178	$32,133	$704,311
DANIEL GOULSON	DIRECTOR/CMO CHI SAINT JOSEPH HEALTH SYSTEM	1.00	Director	$0	$33,648	$602,185
SHELLEY STANKO	DIRECTOR/MEDICAL DIRECTOR	40.00	Director	$346,003	$46,487	$465,288
HANNAH HALL MD	DIRECTOR/PHYSICIAN	15.00	Director	$74,431	$54,381	$448,887
CARMEL JONES	DIRECTOR/PRESIDENT, SAINT JOSEPH MEDICAL GROUP	55.00	Officer Director	$404,083	$36,441	$440,524
CHRISTY SPITSER	MKT VP/CFO/TREASURER	1.00	Officer	$0	$48,674	$399,224
GREGORY ANDERSON MD	CHAIR/PHYSICIAN	55.00	Officer Director	$314,960	$38,803	$353,763
JAMES DUNCAN MD	VICE CHAIR/PHYSICIAN INTERNAL MED GENERAL	55.00	Officer Director	$265,873	$11,094	$276,967
WILLIAM GEORGE	SECRETARY/SYSTEM CORPORATE COUNSEL	5.00	Officer Director	$0	$22,430	$226,325
CHRIS CLARK	DIRECTOR/NURSE PRACT FAMILY MEDICINE	55.00	Director	$101,719	$32,826	$134,545

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	$77,358,641	$154,874,932	$29,895,875	$-77,516,291
2022	$84,422,223	$149,369,977	$30,698,938	$-64,947,754
2021	$84,338,188	$140,759,815	$34,581,254	$-56,421,627
2020	$79,353,871	$135,257,700	$35,480,099	$-55,903,829
2019	$138,794,705	$214,389,262	$22,733,819	$-75,594,557
2018	$200,412,384	$306,175,639	$37,993,976	$-105,763,255

KENTUCKYONE HEALTH MEDICAL GROUP INC