Foundation for a Healthy Kentucky Inc

Nonprofit profile at a glance

EIN
311784753
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Louisville, KY, USA
Phone
5023262583
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$5,388,893
Expenses
$4,296,031
Assets
$63,202,973
Liabilities
$254,920

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • ALBERT CHANDLER (PRESIDENT/CEO)

Highest reported compensation

  • ALBERT CHANDLER (PRESIDENT/CEO): $328,351 total reported compensation
  • ALLISON ADAMS (CHIEF OPERATING OFFICER): $174,461 total reported compensation
  • MERY A MENDOZA ARROYO (SR POLICY & PROGRAM ADMIN): $130,571 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Addressing the unmet health needs of kentuckians by developing and influencing policy, improving access to care, reducing health risks and disparities, and promoting health equity. The foundation makes grants, conducts campaigns, supports research, holds (see schedule o) educational forums and convenes communities to engage and develop the capacity of the commonwealth to improve the health and quality of life of all kentuckians.

What it reported doing in 2024

The foundation for a healthy Kentucky makes grants and conducts program activities that support the research, development, advocacy and implementation of health policy relative to access to healthcare and children's health. A. Advancing access to safe, affordable, quality health care to all kentuckians the foundation's work under this initiative supports innovative health care delivery systems, a stronger public health infrastructure, and collaborative efforts aimed to address the social drivers of health to ensure kentuckians receive care responsive to their health and health care needs. (see schedule o)b. Children are the driving force for a healthier kentuckythe foundation's work under this initiative supports the improvement of the physical, social and emotional health of our next generation through partnerships and engaging communities with innovative strategies to build healthier and more equitable places where children can attain their optimal health and well-being.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 91
  • Accountability: 100
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.5%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 20.3%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 14.71; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 14.7%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 15.4% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 24.3% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 0.6% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.5% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.8M in reported program spending
  • Leadership: top reported pay $328K · 20 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $450K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 50 filed money-flow records
  • Related organizations: 47 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 19/100.