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← KENTUCKY MEDICAL SERVICES FOUNDATION INC

Form 990 for tax year 2024

Filed by KENTUCKY MEDICAL SERVICES FOUNDATION INC.

Totals

Total revenue
$410,772,197
Total expenses
$410,890,638
Contributions and grants received
$0
Grants paid
$1,446,041
Program service revenue
$376,832,809
Investment income
$2,320,070
Other revenue
$31,619,318
Total assets, end of year
$246,296,407
Total liabilities, end of year
$224,118,719
Net assets or fund balances, end of year
$22,177,688
Program services expenses (Part IX)
$380,057,912
Management and general expenses
$30,832,726
Fundraising expenses
$0
Program service expenses (Part III)
$380,057,912

Program services were 92.5% 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: CLINIC SERVICE FEES

    total $363,933,232 · related or exempt $363,933,232

  • 2b · Program service revenue: RENT FROM SUPPORTED ORGANIZATION

    total $12,899,577 · related or exempt $12,899,577

  • 3 · Investment income

    total $2,319,443 · excluded $2,319,443

  • 5 · Royalties

    total $2,558 · excluded $2,558

  • 6a · Gross rents

    real property $113,192

  • 6b · Less rental expenses

    real property $24,007

  • 6c · Rental income or loss

    real property $89,185

  • 6d · Net rental income or loss

    total $89,185 · related or exempt $89,185

  • 7a · Gross sales of assets other than inventory

    other assets $627

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

    other assets $0

  • 7c · Gain or loss

    other assets $627

  • 7d · Net gain or loss

    total $627 · excluded $627

  • 11a · Other revenue: HONORARIUM & OTHER MISC INCOME

    total $31,527,575 · related or exempt $31,527,575

  • 11e · Other revenue, total

    $31,527,575

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150 · program services $150

  • 2 · Grants to domestic individuals

    total $1,445,891 · program services $1,445,891

  • 11b · Fees: legal

    total $304,469 · management and general $304,469

  • 11c · Fees: accounting

    total $79,721 · management and general $79,721

  • 13 · Office expenses

    total $2,614 · management and general $2,614

  • 14 · Information technology

    total $111,136 · management and general $111,136

  • 16 · Occupancy

    total $2,713,161 · management and general $2,713,161

  • 20 · Interest

    total $2,844,486 · management and general $2,844,486

  • 22 · Depreciation, depletion and amortization

    total $7,450,643 · management and general $7,450,643

  • 23 · Insurance

    total $190,400 · management and general $190,400

  • 24a · Other expenses: UK DEPARTMENTAL SUPPORT

    total $341,094,749 · program services $341,094,749

  • 24b · Other expenses: ACADEMIC ENRICHMENT

    total $24,486,546 · program services $24,486,546

  • 24c · Other expenses: BAD DEBTS

    total $17,136,096 · management and general $17,136,096

  • 24d · Other expenses: MALPRACTICE INSURANCE

    total $6,960,516 · program services $6,960,516

  • 24e · All other expenses

    total $6,070,060 · program services $6,070,060

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $71,815,230 · end of year $79,048,874

  • 4 · Accounts receivable

    beginning of year $37,041,479 · end of year $39,960,675

  • 7 · Other notes and loans receivable

    beginning of year $1,331,333 · end of year $2,145,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,193 · end of year $322,499

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

    $160,744,124

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

    $72,890,762

  • 10c · Land, buildings and equipment, net

    beginning of year $82,990,654 · end of year $87,853,362

  • 11 · Investments: publicly traded securities

    beginning of year $28,571,847 · end of year $34,749,077

  • 15 · Other assets

    beginning of year $2,687,922 · end of year $2,216,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,123,636 · end of year $7,603,365

  • 19 · Deferred revenue

    beginning of year $1,800,621 · end of year $1,770,007

  • 20 · Tax-exempt bond liabilities

    beginning of year $14,479,112 · end of year $13,823,458

  • 23 · Secured mortgages and notes payable

    beginning of year $47,102,713 · end of year $54,069,139

  • 25 · Other liabilities

    beginning of year $128,894,447 · end of year $146,852,750

  • 27 · Net assets without donor restrictions

    beginning of year $22,296,129 · end of year $22,177,688

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SUPPORTING THE UNIVERSITY OF KY SO IT MAY ACHIEVE ITS GOALS IN HEALTHCARE

  • KMSF COLLECTS FEES FROM PROVISION OF PATIENT SERVICES PROVIDED BY THE UNIVERSITY OF KENTUCKY COLLEGE OF MEDICINE. BY PERFORMING THESE DUTIES KMSF SUPPORTS THE HOSPITAL AND HELPS THEM TO FULFILL THEIR EXEMPT PURPOSE. COLLECTIONS, AFTER PAYMENT OF DIRECT EXPENSES, ARE REMITTED TO THE COLLEGE WHICH USES THE FUNDS IN THE AREAS OF TEACHING, RESEARCH AND SERVICE.

    Expenses $380,057,912 · Grants $1,446,041 · Revenue $408,449,569

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amy Gewirtz

    DIRECTOR

    Total calculated
    $638,912
    From this org
    $0
    From related orgs
    $578,657
    Other
    $60,255
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $543,292 related
    Bonus
    $0 + $29,055 related
    Other
    $0 + $6,310 related
    Deferred
    $0 + $52,092 related
    Nontaxable benefits
    $0 + $8,163 related
    Filer's total
    $0 + $638,912 related

  • Charles Griffith

    DIRECTOR

    Total calculated
    $917,396
    From this org
    $0
    From related orgs
    $836,679
    Other
    $80,717
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $672,500 related
    Bonus
    $0 + $155,289 related
    Other
    $0 + $8,890 related
    Deferred
    $0 + $67,250 related
    Nontaxable benefits
    $0 + $13,467 related
    Filer's total
    $0 + $917,396 related

  • Craig Van Horne

    DIRECTOR

    Total calculated
    $1,109,116
    From this org
    $0
    From related orgs
    $998,752
    Other
    $110,364
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $943,500 related
    Bonus
    $0 + $40,469 related
    Other
    $0 + $14,783 related
    Deferred
    $0 + $94,350 related
    Nontaxable benefits
    $0 + $16,014 related
    Filer's total
    $0 + $1,109,116 related

  • Darwin Conwell

    DIRECTOR

    Total calculated
    $802,756
    From this org
    $0
    From related orgs
    $723,316
    Other
    $79,440
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $659,750 related
    Bonus
    $0 + $32,500 related
    Other
    $0 + $31,066 related
    Deferred
    $0 + $65,975 related
    Nontaxable benefits
    $0 + $13,465 related
    Filer's total
    $0 + $802,756 related

  • Driss Raissi

    DIRECTOR

    Total calculated
    $708,928
    From this org
    $0
    From related orgs
    $643,984
    Other
    $64,944
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $608,250 related
    Bonus
    $0 + $34,606 related
    Other
    $0 + $1,128 related
    Deferred
    $0 + $49,000 related
    Nontaxable benefits
    $0 + $15,944 related
    Filer's total
    $0 + $708,928 related

  • Eddy Yang

    DIRECTOR

    Total calculated
    $918,081
    From this org
    $0
    From related orgs
    $831,250
    Other
    $86,831
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $755,055 related
    Bonus
    $0 + $74,025 related
    Other
    $0 + $2,170 related
    Deferred
    $0 + $75,506 related
    Nontaxable benefits
    $0 + $11,325 related
    Filer's total
    $0 + $918,081 related

  • Emily Defranco

    DIRECTOR

    Total calculated
    $941,083
    From this org
    $0
    From related orgs
    $852,559
    Other
    $88,524
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $791,475 related
    Bonus
    $0 + $36,094 related
    Other
    $0 + $24,990 related
    Deferred
    $0 + $77,577 related
    Nontaxable benefits
    $0 + $10,947 related
    Filer's total
    $0 + $941,083 related

  • Ginny Gottschalk

    DIRECTOR

    Total calculated
    $452,470
    From this org
    $0
    From related orgs
    $403,831
    Other
    $48,639
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $377,400 related
    Bonus
    $0 + $25,438 related
    Other
    $0 + $993 related
    Deferred
    $0 + $37,740 related
    Nontaxable benefits
    $0 + $10,899 related
    Filer's total
    $0 + $452,470 related

  • John Stewart

    DIRECTOR

    Total calculated
    $343,459
    From this org
    $0
    From related orgs
    $298,735
    Other
    $44,724
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $288,188 related
    Bonus
    $0 + $9,356 related
    Other
    $0 + $1,191 related
    Deferred
    $0 + $28,819 related
    Nontaxable benefits
    $0 + $15,905 related
    Filer's total
    $0 + $343,459 related

  • Larry Goldstein

    DIRECTOR

    Total calculated
    $704,685
    From this org
    $0
    From related orgs
    $638,208
    Other
    $66,477
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $583,068 related
    Bonus
    $0 + $39,389 related
    Other
    $0 + $15,751 related
    Deferred
    $0 + $58,307 related
    Nontaxable benefits
    $0 + $8,170 related
    Filer's total
    $0 + $704,685 related

  • Mary Elizabeth Oates

    DIRECTOR

    Total calculated
    $977,191
    From this org
    $0
    From related orgs
    $893,184
    Other
    $84,007
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $799,659 related
    Bonus
    $0 + $69,494 related
    Other
    $0 + $24,031 related
    Deferred
    $0 + $70,536 related
    Nontaxable benefits
    $0 + $13,471 related
    Filer's total
    $0 + $977,191 related

  • Matthew Bush

    DIRECTOR

    Total calculated
    $951,007
    From this org
    $0
    From related orgs
    $859,647
    Other
    $91,360
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $756,987 related
    Bonus
    $0 + $100,202 related
    Other
    $0 + $2,458 related
    Deferred
    $0 + $75,399 related
    Nontaxable benefits
    $0 + $15,961 related
    Filer's total
    $0 + $951,007 related

  • Padmaja Sudhakar

    DIRECTOR

    Total calculated
    $478,143
    From this org
    $0
    From related orgs
    $430,367
    Other
    $47,776
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $318,683 related
    Bonus
    $0 + $109,562 related
    Other
    $0 + $2,122 related
    Deferred
    $0 + $31,868 related
    Nontaxable benefits
    $0 + $15,908 related
    Filer's total
    $0 + $478,143 related

  • Paul Pearson

    DIRECTOR

    Total calculated
    $935,692
    From this org
    $0
    From related orgs
    $853,768
    Other
    $81,924
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $659,764 related
    Bonus
    $0 + $171,581 related
    Other
    $0 + $22,423 related
    Deferred
    $0 + $65,975 related
    Nontaxable benefits
    $0 + $15,949 related
    Filer's total
    $0 + $935,692 related

  • Raymond Wright

    DIRECTOR

    Total calculated
    $1,037,561
    From this org
    $0
    From related orgs
    $955,566
    Other
    $81,995
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $726,813 related
    Bonus
    $0 + $226,663 related
    Other
    $0 + $2,090 related
    Deferred
    $0 + $71,056 related
    Nontaxable benefits
    $0 + $10,939 related
    Filer's total
    $0 + $1,037,561 related

  • Roger Humphries

    DIRECTOR

    Total calculated
    $729,957
    From this org
    $0
    From related orgs
    $665,139
    Other
    $64,818
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $604,078 related
    Bonus
    $0 + $55,813 related
    Other
    $0 + $5,248 related
    Deferred
    $0 + $56,650 related
    Nontaxable benefits
    $0 + $8,168 related
    Filer's total
    $0 + $729,957 related

  • Ryan Cassidy

    DIRECTOR

    Total calculated
    $984,599
    From this org
    $0
    From related orgs
    $883,995
    Other
    $100,604
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $872,817 related
    Bonus
    $0 + $10,278 related
    Other
    $0 + $900 related
    Deferred
    $0 + $84,632 related
    Nontaxable benefits
    $0 + $15,972 related
    Filer's total
    $0 + $984,599 related

  • Samuel Mardini

    DIRECTOR

    Total calculated
    $1,397,527
    From this org
    $0
    From related orgs
    $1,335,578
    Other
    $61,949
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $523,975 related
    Bonus
    $0 + $807,008 related
    Other
    $0 + $4,595 related
    Deferred
    $0 + $52,398 related
    Nontaxable benefits
    $0 + $9,551 related
    Filer's total
    $0 + $1,397,527 related

  • Scottie Day

    DIRECTOR

    Total calculated
    $859,723
    From this org
    $0
    From related orgs
    $777,799
    Other
    $81,924
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $710,250 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $2,549 related
    Deferred
    $0 + $65,975 related
    Nontaxable benefits
    $0 + $15,949 related
    Filer's total
    $0 + $859,723 related

  • Stephen Strup

    DIRECTOR

    Total calculated
    $872,886
    From this org
    $0
    From related orgs
    $785,246
    Other
    $87,640
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $716,828 related
    Bonus
    $0 + $64,272 related
    Other
    $0 + $4,146 related
    Deferred
    $0 + $71,683 related
    Nontaxable benefits
    $0 + $15,957 related
    Filer's total
    $0 + $872,886 related

  • Sumit Dang

    DIRECTOR

    Total calculated
    $528,536
    From this org
    $0
    From related orgs
    $479,554
    Other
    $48,982
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $452,630 related
    Bonus
    $0 + $25,554 related
    Other
    $0 + $1,370 related
    Deferred
    $0 + $33,075 related
    Nontaxable benefits
    $0 + $15,907 related
    Filer's total
    $0 + $528,536 related

  • Susan McDowell

    DIRECTOR

    Total calculated
    $578,330
    From this org
    $0
    From related orgs
    $525,015
    Other
    $53,315
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $452,687 related
    Bonus
    $0 + $64,941 related
    Other
    $0 + $7,387 related
    Deferred
    $0 + $45,161 related
    Nontaxable benefits
    $0 + $8,154 related
    Filer's total
    $0 + $578,330 related

  • Teresa Gevedon

    DIRECTOR

    Total calculated
    $424,578
    From this org
    $0
    From related orgs
    $382,938
    Other
    $41,640
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $335,000 related
    Bonus
    $0 + $35,975 related
    Other
    $0 + $11,963 related
    Deferred
    $0 + $33,500 related
    Nontaxable benefits
    $0 + $8,140 related
    Filer's total
    $0 + $424,578 related

  • William Inabnet

    DIRECTOR

    Total calculated
    $1,116,476
    From this org
    $0
    From related orgs
    $1,008,290
    Other
    $108,186
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $922,045 related
    Bonus
    $0 + $68,131 related
    Other
    $0 + $18,114 related
    Deferred
    $0 + $92,205 related
    Nontaxable benefits
    $0 + $15,981 related
    Filer's total
    $0 + $1,116,476 related

  • Zaki Hassan

    DIRECTOR

    Total calculated
    $735,933
    From this org
    $0
    From related orgs
    $662,952
    Other
    $72,981
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $595,230 related
    Bonus
    $0 + $60,588 related
    Other
    $0 + $7,134 related
    Deferred
    $0 + $59,523 related
    Nontaxable benefits
    $0 + $13,458 related
    Filer's total
    $0 + $735,933 related

  • Jay Grider

    PRESIDENT & CEO

    Total calculated
    $838,937
    From this org
    $0
    From related orgs
    $768,687
    Other
    $70,250
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $543,175 related
    Bonus
    $0 + $205,805 related
    Other
    $0 + $19,707 related
    Deferred
    $0 + $54,318 related
    Nontaxable benefits
    $0 + $15,932 related
    Filer's total
    $0 + $838,937 related

  • Jeffrey Selby

    FORMER DIRECTOR

    Total calculated
    $1,202,911
    From this org
    $0
    From related orgs
    $1,093,680
    Other
    $109,231
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $993,087 related
    Bonus
    $0 + $80,884 related
    Other
    $0 + $19,709 related
    Deferred
    $0 + $98,259 related
    Nontaxable benefits
    $0 + $10,972 related
    Filer's total
    $0 + $1,202,911 related

  • Jonathan Webb

    FORMER DIRECTOR

    Total calculated
    $343,199
    From this org
    $0
    From related orgs
    $306,012
    Other
    $37,187
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $290,500 related
    Bonus
    $0 + $14,150 related
    Other
    $0 + $1,362 related
    Deferred
    $0 + $29,050 related
    Nontaxable benefits
    $0 + $8,137 related
    Filer's total
    $0 + $343,199 related

  • Seth Himelhoch

    FORMER DIRECTOR

    Total calculated
    $340,830
    From this org
    $0
    From related orgs
    $308,332
    Other
    $32,498
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $252,500 related
    Bonus
    $0 + $41,031 related
    Other
    $0 + $14,801 related
    Deferred
    $0 + $25,250 related
    Nontaxable benefits
    $0 + $7,248 related
    Filer's total
    $0 + $340,830 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

  • 2 · Substantiation required before reimbursing expenses
  • 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.

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.

  • UNIVERSITY OF KENTUCKY

    115 · EDUCATIONAL DEVELOPMENT, HEALTHCARE · KY

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202610699349300546

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