LOUISVILLE HEALTHCARE CEO COUNCIL INC

EIN: 823835653 Health Care

LOUISVILLE, KY

Total Revenue
$2,581,094
Total Expenses
$3,168,235
Total Assets
$1,409,382
Net Assets
$-615,438
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
KY
Principal Officer
TAMMY YORK DAY
Phone
5025485094
Tax Period
2022-01-01 to 2022-12-31

LOUISVILLE HEALTHCARE CEO COUNCIL INC, founded in 2017, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 23% operating deficit.

Mission

LHCC PROMOTES BETTER HEALTH OUTCOMES WITH A FOCUS ON IDENTIFYING SOLUTIONS AND TECHNOLOGIES IN HEALTHCARE AGING INNOVAITON, LEVERAGING LOUISVILLE'S STATUS AS AMERICA'S "HEALTHCARE AGING INNOVATION CAPITOL."

Program Service Accomplishments

Program 1
Expenses: $2,656,865 Revenue: $92,197

IN LHCC'S EFFORTS TO STIMULATE ECONOMIC DEVELOPMENT AROUND LOUISVILLE'S STRENGTH IN THE HEALTHCARE AGING INNOVATION SECTOR LHCC HOSTED AN ARRAY OF EVENTS. 1) THE LHCC 2022 AGING INNOVATION GLOBAL...

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IN LHCC'S EFFORTS TO STIMULATE ECONOMIC DEVELOPMENT AROUND LOUISVILLE'S STRENGTH IN THE HEALTHCARE AGING INNOVATION SECTOR LHCC HOSTED AN ARRAY OF EVENTS. 1) THE LHCC 2022 AGING INNOVATION GLOBAL HEALTHCARE SUMMIT WAS LAUNCHED TO HIGHLIGHT SYSTEMS-LEVEL APPROACHES TO INNOVATION IN HEALTHCARE. PARTICULARLY THOSE RELEVANT IN PREPARING OUR HEALTHCARE SYSTEM TO ACCOMMODATE AN INCREASING OLDER ADULT DEMOGRAPHIC. OUR 2022 FOCUS WAS ON PATIENT ENGAGEMENT AND EDUCATION. LHCC COMPLETED DISCOVERY LABS WITHIN EACH OF ITS COUNCIL MEMBER COMPANIES TO UNCOVER GAPS AND HEALTHCARE CHALLENGES RELATED TO PATIENT ENGAGEMENT AND EDUCATION. THESE FINDINGS FROM OUR DISCOVERY LABS HELPED SHAPE THE AGENDA WHERE LHCC CEOS AND THOUGHT LEADERS DISCUSSED VIA KEYNOTES AND PANEL SESSIONS. ATTENDEES INCLUDED HEALTHCARE THOUGHT LEADERS INNOVATORS, C-LEVEL EXECUTIVES AND VENTURE CAPITALISTS. 2) THE CARETECH PITCH COMPETITION. THE COMPETITION WAS HELD AS PART OF THE OPTIMIZE CONFERENCE, HOSTED BY AGING 2.0 AND CEOC THE LOUISVILLE HEALTHCARE CEO COUNCIL. THE TWO-DAY EVENT, HELD AT CHURCHILL DOWNS, FOCUSED ON USING TECH TO IMPROVE THE OUTCOMES OF OLDER ADULTS AND OPTIMIZING AGING CARE.3) IN 2022 LHCC WAS SELECTED TO RECEIVE A $40 MILLION FEDERAL GRANT. PART OF THIS GRANT WAS TO DEVELOP A CENTER FOR HEALTHCARE WORKFORCE INNOVATION (A.K.A. HEALTH CAREER LAB). THIS PROGRAM TRAINS NONHEALTHCARE INDIVIDUALS WITH HEALTHCARE SKILLS AND THEN HELPS PLACE THEM IN LHCC MEMBER COMPANIES AND HELPS REMOVE BARRIERS TO WORKING IN THE HEALTHCARE INDUSTRY. THE PROGRAM ALSO TRAINS HEALTHCARE EMPLOYEES WITH ADDITIONAL JOB SKILLS FOR UPWARD MOBILITY.

Program 2
Expenses: $39,790

THE LHCC AND AGING 2.0 LAUNCHED THEIR STRATEGIC PARTNERSHIP IN 2020 BY CO-HOSTING A GLOBAL INNOVATION SEARCH FOR SOLUTIONS THAT ADDRESS SOCIAL ISOLATION AND LONELINESS AMONG OLDER ADULTS. CEOC...

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THE LHCC AND AGING 2.0 LAUNCHED THEIR STRATEGIC PARTNERSHIP IN 2020 BY CO-HOSTING A GLOBAL INNOVATION SEARCH FOR SOLUTIONS THAT ADDRESS SOCIAL ISOLATION AND LONELINESS AMONG OLDER ADULTS. CEOC ACQUIRED AGING 2.0 IN 2022 AND MOVED THE HEADQUARTERS FROM SAN FRANCISCO TO LOUISVILLE, KENTUCKY BROADENING OUR RESOURCES, NETWORK AND ENGAGEMENT. AGING 2.0 IS AN INTERNATIONAL, INTERDISCIPLINARY AND INTER-GENERATIONAL COMMUNITY WITH A GLOBAL AUDIENCE OF OVER 40K+ PEOPLE ACROSS 31 COUNTRIES.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,389,679
Program Service Revenue $92,197
Investment Income $0
Other Revenue $99,218
TOTAL REVENUE $2,581,094

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,001,235
Fundraising Expenses $0
Program Expenses $2,696,655
Other Expenses $2,167,000
TOTAL EXPENSES $3,168,235

Year-over-Year Comparison

2022 2021 Change
Revenue $2,581,094 $1,604,317 +0.6%
Expenses $3,168,235 $1,911,211 +0.7%
Net Income $-587,141 $-306,894 +0.9%
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
15
Independent Members
15
Employees
9
Volunteers
15

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
$441,111
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY YORK DAY PRESIDENT/CEO 50.00
Officer
$434,210 $6,901 $441,111
GERARD COLMAN BOARD CHAIR 1.00
Director
$0 $0 $0
E JOSEPH STEIER TREASURER 1.00
Director
$0 $0 $0
DR CEDRIC FRANCOIS SECRETARY 1.00
Director
$0 $0 $0
RUSSELL COX MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
DAVID COOK MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
BRUCE BROUSSARD MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
KENNAN WETHINGTON MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
JON ROUSSEAU MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
MARK VOGT MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
LEIGH ANN BARNEY MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
LORI STEWART GONZALEZ MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
KEITH MYERS MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
JOE VENTURA MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
JOHN MOORE MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
LARRY BENZ MEMBER OF THE BOARD 1.00
Director
$0 $0 $0
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
2022 $2,581,094 $3,168,235 $1,409,382 $-587,141
2021 $1,604,317 $1,911,211 $1,365,887 $-306,894
2020 $1,520,498 $1,286,099 $1,095,557 $234,399
2019 $684,028 $781,634 $469,986 $-97,606
2018 $634,095 $613,849 $537,038 $20,246
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