DEACONESS HEALTH KENTUCKY INC (EIN 830966826) - 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

2017

Legal Domicile

Principal Officer

SHAWN MCCOY

Phone

8124502220

Tax Period

2023-10-01 to 2024-09-30

DEACONESS HEALTH KENTUCKY INC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $10.1M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.0M, a strong 30% operating margin.

Mission

DEACONESS HEALTH KENTUCKY WILL DELIVER OR SUPPORT THE DELIVERY OF QUALITY, COST-EFFECTIVE HEALTH CARE AND MEDICAL SERVICES TO THE PUBLIC AND OTHER ACTIVITIES DESIGNED TO PROMOTE THE HEALTH CARE NEEDS AND WELFARE OF COMMUNITIES IN THE STATE OF KENTUCKY.

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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 $0

Program Service Revenue $9,973,363

Investment Income $256

Other Revenue $120,000

TOTAL REVENUE $10,093,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,776,267

Fundraising Expenses $0

Program Expenses $6,128,969

Other Expenses $2,295,583

TOTAL EXPENSES $7,071,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,093,619	$24,352,676	-0.6%
Expenses	$7,071,850	$307,278	+22.0%
Net Income	$3,021,769	$24,045,398	-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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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

N/A

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

Total Directors

$4,252,241

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN MCCOY	CEO DEACONESS HEALTH SYSTEM	5.00	Director	$0	$329,208	$2,051,318
CHERYL WATHEN	CHIEF FINANCIAL OFFICER	5.00	Director	$0	$224,614	$1,382,260
MARC J FLORENCE	VICE PRESIDENT	5.00	Director	$0	$152,374	$818,663

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	$10,093,619	$7,071,850	$42,592,081	$3,021,769
2023	$24,352,676	$307,278	$105,551,361	$24,045,398
2022	$12,604,086	$7,005,208	$71,031,420	$5,598,878
2021	$14,883,905	$390,067	$62,425,371	$14,493,838
2020	$468,260	$5,619,355	$28,254,400	$-5,151,095
2019	No data	$3,218,109	$15,834,865	No data

DEACONESS HEALTH KENTUCKY INC