Healthcare Advocates of Northern K… - Form 990 Financial Data

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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

2018

Legal Domicile

Phone

8566551642

Tax Period

2024-01-01 to 2024-12-31

Healthcare Advocates of Northern Kentucky Inc, founded in 2018, is a micro nonprofit that reported $6K in total revenue in fiscal year 2024. Expenses of $67K exceeded revenue, resulting in a 1002% operating deficit.

Mission

To advance healthcare quality and availability in Northern Kentucky for all of its citizens.

Program Service Accomplishments

Program 1

Expenses: $66,626

Healthcare Advocates of Norther Kentucky, Inc. was founded to advance healthcare quality and availability in Northern Kentucky for all its citizens.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,047

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,626

Other Expenses $66,626

TOTAL EXPENSES $66,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,047	$5,935	+0.0%
Expenses	$66,626	$66,877	0.0%
Net Income	$-60,579	$-60,942	0.0%

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

$3,901,359

Total Directors

$3,022,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garren Colvin	PRESIDENT	1.0	Officer Director	$0	$52,122	$1,709,972
Lisa Frey	Secretary	1.0	Officer Director	$0	$36,705	$741,662
Vera Hall	Vice President	1.0	Officer Director	$0	$23,998	$571,146
Lori Ritchey-Baldwin	Treasurer	1.0	Officer	$0	$52,290	$878,579
Gary Blank	Former Vice President	0.0		$0	$26,076	$48,210

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	$6,047	$66,626	$550,211	$-60,579
2023	$5,935	$66,877	$591,140	$-60,942
2022	$5,873	$66,815	$652,082	$-60,942
2021	$10,806	$71,763	$713,024	$-60,957
2020	$10,843	$64,104	$773,966	$-53,261
2019	$189,218	$17,048	$841,918	$172,170
2018	$680,010	$325,789	$680,010	$354,221

Healthcare Advocates of Northern Kentucky Inc