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← KY HOSPITAL RESEARCH & EDUCATION FOUNDATION INC

Form 990 for tax year 2023

Filed by KY HOSPITAL RESEARCH & EDUCATION FOUNDATION INC.

Totals

Total revenue
$9,628,804
Total expenses
$9,722,226
Contributions and grants received
$9,291,494
Grants paid
$502,171
Program service revenue
$201,974
Investment income
$135,336
Other revenue
$0
Total assets, end of year
$14,941,708
Total liabilities, end of year
$12,929,042
Net assets or fund balances, end of year
$2,012,666
Program services expenses (Part IX)
$9,109,470
Management and general expenses
$612,756
Fundraising expenses
$0
Program service expenses (Part III)
$9,109,470

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $2,898,561

  • 1e · Government grants (contributions)

    $5,474,125

  • 1f · All other contributions, gifts and grants

    $918,808

  • 2a · Program service revenue: CONVENTION REVENUE

    total $107,164 · related or exempt $107,164

  • 2b · Program service revenue: EDUCATIONAL PROGRAMS

    total $94,810 · related or exempt $94,810

  • 3 · Investment income

    total $135,727 · excluded $135,727

  • 7a · Gross sales of assets other than inventory

    securities $20,147

  • 7b · Less cost or other basis and sales expenses

    securities $20,538

  • 7c · Gain or loss

    securities -$391

  • 7d · Net gain or loss

    total -$391 · excluded -$391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $499,171 · program services $499,171

  • 2 · Grants to domestic individuals

    total $3,000 · program services $3,000

  • 11c · Fees: accounting

    total $12,636 · management and general $12,636

  • 11f · Fees: investment management

    total $2,583 · management and general $2,583

  • 11g · Fees: other

    total $4,499,494 · program services $3,970,674 · management and general $528,820

  • 13 · Office expenses

    total $19,322 · program services $8,682 · management and general $10,640

  • 14 · Information technology

    total $11,764 · program services $9,176 · management and general $2,588

  • 16 · Occupancy

    total $7,200 · program services $720 · management and general $6,480

  • 17 · Travel

    total $40,319 · program services $38,396 · management and general $1,923

  • 19 · Conferences, conventions and meetings

    total $880,677 · program services $836,643 · management and general $44,034

  • 23 · Insurance

    total $2,786 · program services $279 · management and general $2,507

  • 24a · Other expenses: HOSPITAL PREPAREDNESS P

    total $3,736,507 · program services $3,736,507

  • 24b · Other expenses: KY TAP PROGRAM EXPENSES

    total $6,222 · program services $6,222

  • 24e · All other expenses

    total $545 · management and general $545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,864,499 · end of year $12,402,085

  • 4 · Accounts receivable

    beginning of year $3,012,056 · end of year $405,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $207,699 · end of year $251,171

  • 11 · Investments: publicly traded securities

    beginning of year $1,700,758 · end of year $1,880,468

  • 15 · Other assets

    beginning of year $1,077 · end of year $2,856

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,865,140 · end of year $1,148,445

  • 19 · Deferred revenue

    beginning of year $7,595,531 · end of year $11,203,002

  • 21 · Escrow or custodial account liability

    beginning of year $315,302 · end of year $354,573

  • 25 · Other liabilities

    beginning of year $10,497 · end of year $223,022

  • 27 · Net assets without donor restrictions

    beginning of year $1,999,619 · end of year $2,012,666

Mission and programs · 2023

Mission

TO PROVIDE CHARITABLE AND EDUCATION ACTIVITIES TO FOSTER THE IMPROVEMENT OF THE HEALTH OF THE PEOPLE OF KENTUCKY THROUGH EDUCATIONAL PROGRAMS DESIGNED TO IMPROVE THE KNOWLEDGE OF HEALTHCARE EMPLOYEES; TO ESTABLISH COLLABORATIVES TO ENHANCE THE PREPAREDNESS OF KENTUCKY HOSPITALS AND OTHER HEALTH CARE ORGANIZATIONS IN RESPONDING TO DISASTERS, EMERGENCIES AND TRAUMA; TO SUPPORT THE ADVANCEMENT OF CRITICAL ACCESS AND SMALL RURAL HOSPITALS TO IMPROVE QUALITY OF CARE AND FINANCIAL VIABILITY; TO IDENTIFY HEALTH CARE WORKFORCE SHORTAGES AREAS AND TO ESTABLISH COLLABORATIVES AMONG HOSPITALS TO ADDRESS INFECTION PREVENTION/CONTROL ISSUES.

Activities or mission (Part I)

TO PROVIDE CHARITABLE HEALTHCARE RESEARCH AND EDUCATIONAL ACTIVITIES FOR KY HOSPITALS.

  • ADMINISTER KENTUCKY'S HOSPITAL AND DISASTER PREPAREDNESS ACTIVITIES INCLUDING EDUCATION AND TRAINING FOR HOSPITALS, HEALTH DEPARTMENTS, AND OTHER COMMUNITY HEALTH SERVICES EMPLOYEES RELATED TO EMERGENCY PREPAREDNESS IN KENTUCKY. COORDINATE PURCHASE OF EMERGENCY ANDDISASTER PREPAREDNESS EQUIPMENT AND EMERGENCY COMMUNICATIONS WITH KENTUCKY'S EMERGENCY MEDICAL SERVICES REGIONS.

    Expenses $3,675,762

  • KY HOSPITAL RESEARCH & EDUCATION FOUNDATION (KHREF) WILL PROVIDE RESOURCES AND LEAD THE EFFORT FOR KENTUCKY HOSPITALS TO ADOPT THE HIGHEST LEVEL OF QUALITY AND HARM AVOIDANCE THAT FITS WITHIN THE KHA MISSION OF SUSTAINING AND IMPROVING THE HEALTH STATUS OF THE CITIZENS OF KENTUCKY. KHREF SEEKS TO EXPAND AND SUSTAIN A COMPREHENSIVE, EQUITABLE APPROACH TO ADDRESS ALL AVOIDABLE PATIENT HARM AND PROMOTE THE HIGHEST POSSIBLE HEALTH STATUS FOR ALL INDIVIDUALS THROUGHOUT KENTUCKY.

    Expenses $3,454,834

  • KY HOSPITAL RESEARCH & EDUCATION FOUNDATION (KHREF) WILL PROVIDE RESOURCES AND LEAD THE EFFORT FOR KENTUCKY HOSPITALS TO ADOPT THE HIGHEST LEVEL OF OPIOID STEWARDSHIP PERFORMANCE THAT FITS WITHIN THE KHA MISSION OF SUSTAINING AND IMPROVING THE HEALTH STATUS OF THE CITIZENS OF KENTUCKY. KHREF SEEKS TO EXPAND AND SUSTAIN A COMPREHENSIVE, EQUITABLE RECOVERY-ORIENTED SYSTEM OF CARE TO ADDRESS OPIOID USE DISORDER (OUD) AND STIMULANT USE DISORDER (SUD) FOR ALL INDIVIDUALS THROUGHOUT KENTUCKY.

    Expenses $763,415

  • PROVIDE EDUCATIONAL PROGRAMMING FOR HOSPITAL PERSONNEL IN THE AREAS OF COMPLIANCE, QUALITY, ACCREDITATION STANDARDS, AND MANAGEMENT TRAINING.

    Expenses $721,288 · Grants $8,000 · Revenue $201,974

  • ADMINISTER THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES' ASPR COVID GRANT TO REIMBURSE HOSPITALS' COVID RELATED EXPENSES.

    Expenses $494,171 · Grants $494,171

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Galvagni

    PRESIDENT

    Total calculated
    $946,760
    From this org
    $0
    From related orgs
    $903,674
    Other
    $43,086
    Hours/week
    1.2 + 38.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,792 related
    Bonus
    $0 + $210,808 related
    Other
    $0 + $5,074 related
    Deferred
    $0 + $21,450 related
    Nontaxable benefits
    $0 + $21,636 related
    Filer's total
    $0 + $946,760 related

  • Kathy Stumbo

    CHAIR

    Total calculated
    $800
    From this org
    $0
    From related orgs
    $800
    Other
    $0
    Hours/week
    0.6 + 0.3 related

  • Mark Birdwhistell

    TREASURER

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $500
    Other
    $0
    Hours/week
    0.6 + 1 related

  • Donald Lloyd

    LEGISLATIVE CHAIR

    Total calculated
    $700
    From this org
    $0
    From related orgs
    $700
    Other
    $0
    Hours/week
    0.6 + 0.3 related

  • Mike Sherrod

    DIRECTOR

    Total calculated
    $600
    From this org
    $0
    From related orgs
    $600
    Other
    $0
    Hours/week
    0.6 + 1 related

  • Garren Colvin

    DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $500
    Other
    $0
    Hours/week
    0.6 + 0.3 related

  • Gerard Colman

    DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $500
    Other
    $0
    Hours/week
    0.6 + 1 related

  • Donovan Blackburn

    DIRECTOR

    Total calculated
    $600
    From this org
    $0
    From related orgs
    $600
    Other
    $0
    Hours/week
    0.6 + 0.3 related

  • April Smith

    CHIEF FINANCIAL OFFICER

    Total calculated
    $242,417
    From this org
    $0
    From related orgs
    $209,154
    Other
    $33,263
    Hours/week
    6.8 + 33.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,567 related
    Bonus
    $0 + $30,208 related
    Other
    $0 + $379 related
    Deferred
    $0 + $14,065 related
    Nontaxable benefits
    $0 + $19,198 related
    Filer's total
    $0 + $242,417 related

  • Melanie Landrum

    SENIOR VICE PRESIDENT

    Total calculated
    $245,455
    From this org
    $0
    From related orgs
    $211,578
    Other
    $33,877
    Hours/week
    13.9 + 26.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,899 related
    Bonus
    $0 + $20,224 related
    Other
    $0 + $455 related
    Deferred
    $0 + $14,241 related
    Nontaxable benefits
    $0 + $19,636 related
    Filer's total
    $0 + $245,455 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE METHODS DESCRIBED BELOW TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • KENTUCKY HOSPITAL SERVICE COMPANY OF KY LLC

    C · INSURANCE/RISK MANAGEMENT SERVICES · KY

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541279349301849

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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