Delta Dental of Kentucky

What it reported doing in 2024

For close to six decades, delta dental of Kentucky has helped promote healthy smiles for its members by designing and administering innovative, cost-effective dental & vision benefit programs. These plans meet members' cost-objectives while improving and maintaining their health. Delta dental of Kentucky is dedicated to its members and ensures superior customer service. Delta dental of Kentucky operates the largest dental networks with 89% of participation among Kentucky dentists. Delta dental's two large networks, delta dental ppo and delta dental premier, give members added protection by guaranteeing that participating dentists have agreed to accept the allowable amount negotiated by delta dental as payment for covered services. Delta dental's dentist-credentialing program, cost management policies and fee reduction agreements with participating dentists help members receive quality dentistry and best dental outcomes. In early 2020, delta dental expanded into additional ancillary lines offering group life and disability coverage. Ensuring our mission of happy and healthy smiles is a core component of delta dental of Kentucky, a separate account was established at the community foundation of louisville in 2003 which is funded annually for giving purposes. Since the inception of the community foundation of louisville account in 2003, the corporate philanthropic giving has provided over $27 million in grants to over 200 organizations. In 2024, donations totaled $2.37 million and were used to support 116 organizations through Kentucky. These donations funded 22 dental clinics across the commonwealth and 70% of these dollars were granted to organizations providing dental care and oral health education to underserved populations.

Financial Efficiency

• Mission deployment rate: 93.8%; rating input score 94
• Program expense ratio: 96.7%; rating input score 97
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.7%; rating input score 95; 27th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.2%; rating input score 49; 49th percentile among comparable filings
• Total-asset coverage ratio: 0.74; rating input score 29; 29th percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 2.9%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 0.1% per year; rating input score 100; 8th percentile among comparable filings
• Revenue growth: 1.3% per year; rating input score 100; 10th percentile among comparable filings
• Asset growth: 4.8% per year; rating input score 100; 35th percentile among comparable filings