Grace Health
Legal name: Grace Community Health Center Inc
Nonprofit profile at a glance
- EIN
- 261779437
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Corbin, KY, USA
- Phone
- 888.883.9005
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Ambulatory Health Center, Community Clinic
- Affiliation
- Christianity
Reported finances
- Revenue
- $73,902,949
- Expenses
- $73,809,789
- Assets
- $90,477,776
- Liabilities
- $43,663,624
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- MICHAEL STANLEY (CEO)
Highest reported compensation
- MISTY DANIELLE THOMPSON (PHYSICIAN / OB-GYN): $595,760 total reported compensation
- CHRISTINA BUTLER (PHYSICIAN / PEDIATRICIAN (CHAIR)): $523,580 total reported compensation
- KELVIN DALE PERRY (PHYSICIAN / FAMILY PHYSICIAN (SUPERVISOR)): $475,634 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To show the love and share the truth of Jesus Christ to southeastern Kentucky, through access to compassionate, high-quality primary health care for the whole person. The patient-centered medical home focuses on quality and quality improvement by continuously improving patient outcomes by participating in activities such as using evidence-based medicine and clinical decision-support tools to guide shared decision making with patients and families, engaging in performance measurement and improvement, measuring and responding to patient experiences and patient satisfaction, and practicing population health management. Sharing robust quality and safety data and improvement activities publicly is also an important marker of a system-level commitment to quality. The mission of Grace Health is to show the love and share the truth of Jesus Christ to southeastern.
What it reported doing in 2024
Provided primary healthcare services to 40,370 patients with 185,326 patient visits. The organization provided $2,809,974 in charity care for the year ended december 31, 2024 and $2,887,648 in charity care at cost for the year ended december 31, 2023.
Operating model
- Revenue model
- Other-operating. 91% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.9%; rating input score 88
- Program expense ratio: 87.9%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- 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: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 0.1%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 1.23; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 15; 15th percentile among comparable filings
Growth
- Program expense growth: 19.4% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 18.5% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 95th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 87.9% of revenue deployed · 87.9% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $64.9M in reported program spending
- Leadership: top reported pay $596K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 44 of 44 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 31/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 15/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.