LOUISVILLE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KY HOSPITAL RESEARCH & EDUCATION FOUNDATION INC, founded in 1968, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2024.
TO PROVIDE CHARITABLE AND EDUCATION ACTIVITIES TO FOSTER THE IMPROVEMENT OF THE HEALTH OF THE PEOPLE OF KENTUCKY THROUGH EDUCATIONAL PROGRAMS DESIGNED TO IMPROVE THE KNOWLEDGE OF HEALTHCARE EMPLOYEES; TO ESTABLISH COLLABORATIVES TO ENHANCE THE PREPAREDNESS OF KENTUCKY HOSPITALS AND OTHER HEALTH CARE ORGANIZATIONS IN RESPONDING TO DISASTERS, EMERGENCIES AND TRAUMA; TO SUPPORT THE ADVANCEMENT OF CRITICAL ACCESS AND SMALL RURAL HOSPITALS TO IMPROVE QUALITY OF CARE AND FINANCIAL VIABILITY; TO IDENTIFY HEALTH CARE WORKFORCE SHORTAGES AREAS AND TO ESTABLISH COLLABORATIVES AMONG HOSPITALS TO ADDRESS INFECTION PREVENTION/CONTROL ISSUES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,958,781 | $9,628,804 | +0.0% |
| Expenses | $10,238,510 | $9,722,226 | +0.1% |
| Net Income | $-279,729 | $-93,422 | +2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GERARD COLMAN | CHAIR | 0.60 |
Officer
Director
|
$0 | $0 | $700 |
| MIKE SHERROD | PAST CHAIR | 0.60 |
Officer
Director
|
$0 | $0 | $900 |
| MARK BIRDWHISTELL | TREASURER | 0.60 |
Officer
Director
|
$0 | $0 | $600 |
| DONALD LLOYD | DIRECTOR | 0.60 |
Director
|
$0 | $0 | $600 |
| DONOVAN BLACKBURN | DIRECTOR | 0.60 |
Director
|
$0 | $0 | $600 |
| GARREN COLVIN | DIRECTOR | 0.60 |
Director
|
$0 | $0 | $500 |
| KATHY STUMBO | DIRECTOR | 0.60 |
Director
|
$0 | $0 | $500 |
| NANCY GALVAGNI | PRESIDENT | 1.20 |
Officer
Director
|
$0 | $35,503 | $1,207,897 |
| APRIL SMITH | CHIEF FINANCIAL OFFICER | 6.00 |
Officer
|
$0 | $18,484 | $298,871 |
| MELANIE LANDRUM | SVP, DATA/OPERATIONS/INNOVATION | 5.60 |
Officer
|
$0 | $30,274 | $287,128 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,958,781 | $10,238,510 | $12,127,341 | $-279,729 |
| 2024 | No data | No data | No data | No data |
| 2023 | $7,297,025 | $7,431,260 | $12,786,089 | $-134,235 |
| 2022 | $14,278,685 | $13,934,005 | $6,945,255 | $344,680 |
| 2021 | $4,533,901 | $4,341,277 | $3,817,567 | $192,624 |
| 2020 | $2,999,524 | $3,154,106 | $3,666,198 | $-154,582 |
| 2019 | $3,478,178 | $3,509,134 | $2,496,367 | $-30,956 |
Compare KY HOSPITAL RESEARCH & EDUCATION FOUNDATION INC with other nonprofits in Kentucky and across the country.