THE ASCLEPIUS INITIATIVE INC

EIN: 871965359 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$613,101
Total Expenses
$491,632
Total Assets
$260,080
Net Assets
$130,701
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
KY
Principal Officer
SUSAN BORNSTEIN
Tax Period
2023-07-01 to 2024-06-30

THE ASCLEPIUS INITIATIVE INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $613K in total revenue in fiscal year 2023. The organization ran a surplus of $121K, a strong 20% operating margin.

Mission

IMPROVE THE HEALTH AND ECONOMIC STABILITY OF KENTUCKIANS THROUGH EDUCATING, INSPIRING, AND MOBILIZING PEOPLE TO ADVOCATE FOR A UNIVERSALLY ACCESSIBLE, AFFORDABLE, EQUITABLE, AND HIGH-QUALITY HEALTHCARE DELIVERY SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $613,101
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $613,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $280,409
Fundraising Expenses $4,207
Program Expenses $485,678
Other Expenses $211,223
TOTAL EXPENSES $491,632

Year-over-Year Comparison

2023 2022 Change
Revenue $613,101 N/A N/A
Expenses $491,632 N/A N/A
Net Income $121,469 N/A N/A
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

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Governance

Voting Members
14
Independent Members
14
Employees
5
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
1
$70,041
Total Directors
15
$70,041
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN BORNSTEIN CEO 40.00
Officer Director
$70,041 $0 $70,041
STEVE BARGER TREASURER 0.50
Director
$0 $0 $0
CRAIG BLAKELY DIRECTOR 0.50
Director
$0 $0 $0
DAVID BOLT DIRECTOR 0.50
Director
$0 $0 $0
JOHN CHESSARE VICE CHAIR 0.50
Director
$0 $0 $0
CAROLE CHRISTIAN DIRECTOR 0.50
Director
$0 $0 $0
LINDSAY DELLA DIRECTOR 3.00
Director
$0 $0 $0
SHIREEN DEOBHAKTA DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL GRUENTHAL DIRECTOR 1.50
Director
$0 $0 $0
KIM LINK DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH WESSELS MARTIN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN PEARCE CHAIRMAN 3.00
Director
$0 $0 $0
BARBARA HADLEY SMITH DIRECTOR 0.50
Director
$0 $0 $0
KIMBERLEE TURNER DIRECTOR 0.50
Director
$0 $0 $0
JEFFERY ZAKEM SECRETARY 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
2025 No data No data No data No data
2024 $613,101 $491,632 $260,080 $121,469
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