NAMI Lexington KY Inc
Nonprofit profile at a glance
- EIN
- 311154645
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Lexington, KY, USA
- Phone
- 8592727891
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $1,024,748
- Expenses
- $981,134
- Assets
- $428,888
- Liabilities
- $6,709
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Cindy Faulkner (President)
- Frances Howard (Vice President)
- Phill Gunning (Executive Director)
People named in this filing
- Sheila Albright (Director)
- Cindy Faulkner (President)
- Jessica Heavrin (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To assist families, caregivers and individuals whose life experience includes living with a persistent mental illness. To help them acquire and use available supports and skills necessary to manage their symptoms and return to the community and find success, hope and meaning in the role and environment of their choice
What it reported doing in 2024
To assist families, caregivers and individuals whose life experience includes living with a persistent mental illness. To help them acquire and use available supports and skills necessary to manage their symptoms and return to the community and find success, hope and meaning in the rol and environment of their choice.
Operating model
- Revenue model
- Earned-program. 82% of the money available for current operations came from fees and other program 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 83
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.2%; rating input score 92
- Program expense ratio: 96.3%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 6.6% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 92.2% of revenue deployed · 96.3% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $945K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.