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← KANSAS FOUNDATION FOR MEDICAL CARE INC

Form 990 for tax year 2023

Filed by KANSAS FOUNDATION FOR MEDICAL CARE INC.

Totals

Total revenue
$8,616,691
Total expenses
$8,276,135
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,553,406
Investment income
$63,285
Other revenue
$0
Total assets, end of year
$4,642,327
Total liabilities, end of year
$1,516,689
Net assets or fund balances, end of year
$3,125,638
Program services expenses (Part IX)
$6,887,254
Management and general expenses
$1,388,881
Fundraising expenses
$0
Program service expenses (Part III)
$6,887,254

Program services were 83.2% 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.

  • 2a · Program service revenue: STATE OF KANSAS LTC

    total $2,926,471 · related or exempt $2,926,471

  • 2b · Program service revenue: STATE OF KANSAS EQRO

    total $1,480,129 · related or exempt $1,480,129

  • 2c · Program service revenue: STATE OF OKLAHOMA QIO

    total $1,445,715 · related or exempt $1,445,715

  • 2d · Program service revenue: OTHER CARE CONTRACTS

    total $1,329,960 · related or exempt $1,329,960

  • 2e · Program service revenue: STATE OF OKLAHOMA EQRO

    total $985,014 · related or exempt $985,014

  • 2f · All other program service revenue

    total $386,117 · related or exempt $386,117

  • 3 · Investment income

    total $112,187 · excluded $112,187

  • 7a · Gross sales of assets other than inventory

    securities $2,848

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

    securities $51,750

  • 7c · Gain or loss

    securities -$48,902

  • 7d · Net gain or loss

    total -$48,902 · excluded -$48,902

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $587,122 · program services $587,122

  • 7 · Other salaries and wages

    total $1,785,317 · program services $1,127,281 · management and general $658,036

  • 9 · Other employee benefits

    total $718,837 · program services $512,281 · management and general $206,556

  • 11b · Fees: legal

    total $9,390 · program services $9,135 · management and general $255

  • 11c · Fees: accounting

    total $21,427 · management and general $21,427

  • 11f · Fees: investment management

    total $14,209 · management and general $14,209

  • 11g · Fees: other

    total $4,389,055 · program services $4,260,391 · management and general $128,664

  • 13 · Office expenses

    total $22,906 · program services $9,605 · management and general $13,301

  • 14 · Information technology

    total $86,484 · program services $34,233 · management and general $52,251

  • 16 · Occupancy

    total $139,666 · management and general $139,666

  • 17 · Travel

    total $32,941 · program services $28,019 · management and general $4,922

  • 22 · Depreciation, depletion and amortization

    total $12,555 · management and general $12,555

  • 23 · Insurance

    total $36,690 · management and general $36,690

  • 24a · Other expenses: PHYSICIAN REVIEWER

    total $262,044 · program services $262,044

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $47,572 · program services $2,504 · management and general $45,068

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $20,410 · program services $17,344 · management and general $3,066

  • 24d · Other expenses: PROJECT SUPPLIES/MEDIA

    total $19,424 · program services $17,603 · management and general $1,821

  • 24e · All other expenses

    total $70,086 · program services $19,692 · management and general $50,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,225 · end of year $172,805

  • 2 · Savings and temporary cash investments

    beginning of year $715,602 · end of year $75,877

  • 4 · Accounts receivable

    beginning of year $783,458 · end of year $1,605,360

  • 9 · Prepaid expenses and deferred charges

    beginning of year $81,694 · end of year $79,514

  • 10a · Land, buildings and equipment: cost or other basis

    $662,914

  • 10b · Land, buildings and equipment: accumulated depreciation

    $616,213

  • 10c · Land, buildings and equipment, net

    beginning of year $49,995 · end of year $46,701

  • 11 · Investments: publicly traded securities

    beginning of year $2,092,049 · end of year $2,481,649

  • 15 · Other assets

    beginning of year $261,487 · end of year $180,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $585,490 · end of year $637,066

  • 19 · Deferred revenue

    beginning of year $810,761 · end of year $734,752

  • 23 · Secured mortgages and notes payable

    beginning of year $254,550 · end of year $144,871

  • 27 · Net assets without donor restrictions

    beginning of year $2,406,709 · end of year $3,125,638

Mission and programs · 2023

Mission

LEADING INNOVATION TO IMPROVE THE QUALITY, EFFECTIVENESS, AND SAFETY OF HEALTHCARE

  • THE ROLE OF KANSAS FOUNDATION FOR MEDICAL CARE, INC. (KFMC) IS TO WORK WITH HEALTHCARE PROVIDERS TO DEVELOP WAYS TO IMPROVE THE QUALITY OF HEALTHCARE PROVIDED TO MEDICARE AND MEDICAID BENEFICIARIES AND ULTIMATELY ALL HEALTHCARE CONSUMERS IN ALL STATES. KFMC CONTRACTS WITH THE STATE OF KANSAS AND OTHER GOVERNMENTAL AND PRIVATE ENTITIES.

    Expenses $6,887,254 · Revenue $8,553,406

As filed on the 2023 return.

Listed in Part VII

  • Arlo Reimer

    CHAIR

    Total calculated
    $1,221
    From this org
    $1,221
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Voran

    VICE CHAIR

    Total calculated
    $803
    From this org
    $803
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Glenda Washington

    SECRETARY/TREASURER

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Dunn

    TRUSTEE

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Apley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Farrar

    TRUSTEE

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Huebner

    TRUSTEE

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Hintz

    TRUSTEE

    Total calculated
    $1,192
    From this org
    $1,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ashley Papenberg

    TRUSTEE

    Total calculated
    $856
    From this org
    $856
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gianfranco Pezzino

    TRUSTEE

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kate Conrad

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deborah Stern

    TRUSTEE

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Julie Roth

    TRUSTEE; TERM 01/24

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sarah Irsik Good

    CEO/PRESIDENT

    Total calculated
    $223,764
    From this org
    $192,773
    From related orgs
    $0
    Other
    $30,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,840
    Bonus
    $12,933
    Other
    $0
    Deferred
    $10,401
    Nontaxable benefits
    $20,590
    Filer's total
    $223,764

  • Betty Murrell MBA

    CFO

    Total calculated
    $153,313
    From this org
    $130,300
    From related orgs
    $0
    Other
    $23,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,300
    Bonus
    $0
    Other
    $0
    Deferred
    $7,880
    Nontaxable benefits
    $15,133
    Filer's total
    $153,313

  • Lynne Ruhlman Valdivia

    VICE PRESIDENT

    Total calculated
    $189,244
    From this org
    $170,943
    From related orgs
    $0
    Other
    $18,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,943
    Bonus
    $0
    Other
    $0
    Deferred
    $10,037
    Nontaxable benefits
    $8,264
    Filer's total
    $189,244

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202402269349301760

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