LEGACY FOUNDATION OF KENTUCKIANA INC

EIN: 832170324 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$2,887,677
Total Expenses
$12,216,105
Total Assets
$112,620,415
Net Assets
$111,849,291
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
KY
Principal Officer
ANNE E MONELL
Phone
8593131705
Tax Period
2022-07-01 to 2023-06-30

LEGACY FOUNDATION OF KENTUCKIANA INC, founded in 2018, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 323% operating deficit.

Mission

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $12,213,447 Revenue: $0

THE FOUNDATION WAS ORGANIZED IN JULY OF 2018 AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE...

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THE FOUNDATION WAS ORGANIZED IN JULY OF 2018 AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF 1986, AS NOW IN EFFECT OR AS SUBSEQUENTLY AMENDED (THE "CODE) OF KENTUCKYONE HEALTH, INC AND AFFILIATES.THE LEGACY FOUNDATION OF KENTUCKIANA IS ALIGNED TO THE ORIGINAL MISSION AND PURPOSE OF JEWISH HOSPITAL & ST. MARY'S FOUNDATION WHILE GROWING AND ADAPTING IN ORDER TO MEET FUTURE HEALTHCARE NEEDS WITHIN OUR COMMUNITY. THROUGHOUT ALL OF THIS, WE WILL HONOR THE LEGACY AND INTENT OF ALL OUR GENEROUS DONORS.IN THE PAST 30 YEARS, THE FOUNDATION HAS BEEN AT THE FOREFRONT OF LIFE-CHANGING WORK. THANKS TO GENEROUS SUPPORT, WE HAVE ACCOMPLISHED A LOT IN THE GREATER LOUISVILLE AND SOUTHERN INDIANA REGION, INCLUDING ENHANCED PATIENT CARE, CUTTING EDGE MEDICAL RESEARCH, EDUCATION OF HEALTH PROFESSIONALS, AND IMPROVED ACCESS TO HEALTH CARE. OUR FOCUS IS ON THE CONTINUATION OF OUR MISSION AND TO IMPROVE THE HEALTH CARE OF OUR REGION BASED ON OUTCOMES OF THE COMMUNITY NEEDS ASSESSMENT IN SIX COUNTIES INCLUDING BULLITT, HARDIN, JEFFERSON, NELSON, AND SHELBY IN KENTUCKY AND CLARK IN SOUTHERN INDIANA.TO DEMONSTRATE THIS PURPOSE, PHILANTHROPIC SUPPORT SHALL FURTHER CHARITABLE CAUSES THAT ADVOCATE FOR HEALTHY NEIGHBORHOODS BY SUPPORTING PROJECTS THAT INTEGRATE EDUCATION, HEALTH, AND SOCIAL SERVICES WITH THE ULTIMATE GOAL OF SUSTAINABILITY AND SELF-RELIANCE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $11,269
Program Service Revenue $0
Investment Income $2,876,408
Other Revenue $0
TOTAL REVENUE $2,887,677

Expense Breakdown

Grants Paid $12,162,958
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,213,447
Other Expenses $53,147
TOTAL EXPENSES $12,216,105

Year-over-Year Comparison

2022 2021 Change
Revenue $2,887,677 $8,095,736 -0.6%
Expenses $12,216,105 $15,646,222 -0.2%
Net Income $-9,328,428 $-7,550,486 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
12
Employees
N/A
Volunteers
12

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
7
$1,179,944
Total Directors
18
$4,878,247
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY SCHUMACHER BOARD MEMBER/SVP-OPERATIONS 1.00
Director
$0 $38,181 $2,782,336
ANTHONY HOUSTON MARKET CEO/BOARD MEMBER 1.00
Director
$0 $52,292 $1,076,228
SHARON HAGER FORMER SECRETARY/DIV VP SR COUNSEL 0.00
$0 $28,875 $526,174
SHELLEY STANKO MD BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $46,487 $465,288
CHRISTY SPITSER TREASURER/MARKET VP - CFO 1.00
Officer
$0 $48,674 $399,224
LESLIE SMART PRESIDENT CHI ST JOSEPH FOUNDATIONS PARTIAL YEAR 10.00
Officer Director
$0 $18,791 $376,209
WILLIAM GEORGE SECRETARY/CORPORATE COUNSEL 1.00
Officer
$0 $22,430 $226,325
JANELL SAMUELS EX OFFICIO/INTERIM EXEC DIRECTOR/MKT DIRECTOR FOUN 10.00
Officer Director
$0 $11,617 $178,186
JANE CHILES BOARD MEMBER 1.00
Director
$0 $0 $0
FR NORMAN FISCHER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HEWETT BOARD MEMBER 1.00
Director
$0 $0 $0
MARTHA JONES BOARD MEMBER/IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
DANIEL RODRIQUE MD BOARD MEMBER 1.00
Director
$0 $0 $0
MARY-ALICHA WELDON CHAIR 1.00
Officer Director
$0 $0 $0
WINSTON GRIFFIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
ADELINE FEHRIBACH SCN BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA MOORE MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
KIM POTTER-BLAIR BOARD MEMBER 1.00
Director
$0 $0 $0
GRANETTA BLEVINS BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE MONELL EX OFFICIO/EXECUTIVE DIRECTOR 40.00
Officer 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,887,677 $12,216,105 $112,620,415 $-9,328,428
2022 $8,095,736 $15,646,222 $122,168,734 $-7,550,486
2021 $10,970,918 $13,619,738 $140,759,223 $-2,648,820
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