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← KANSAS FOUNDATION FOR MEDICAL CARE INC

Form 990 for tax year 2024

Filed by KANSAS FOUNDATION FOR MEDICAL CARE INC.

Totals

Total revenue
$6,651,587
Total expenses
$6,093,176
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,460,232
Investment income
$191,355
Other revenue
$0
Total assets, end of year
$4,559,982
Total liabilities, end of year
$828,548
Net assets or fund balances, end of year
$3,731,434
Program services expenses (Part IX)
$4,500,264
Management and general expenses
$1,592,912
Fundraising expenses
$0
Program service expenses (Part III)
$4,500,264

Program services were 73.9% 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 OK EQRO

    total $2,191,623 · related or exempt $2,191,623

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

    total $1,826,807 · related or exempt $1,826,807

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

    total $1,015,742 · related or exempt $1,015,742

  • 2d · Program service revenue: STATE OF KS CARE CONTR

    total $979,536 · related or exempt $979,536

  • 2e · Program service revenue: CASE REVIEW

    total $369,264 · related or exempt $369,264

  • 2f · All other program service revenue

    total $77,260 · related or exempt $77,260

  • 3 · Investment income

    total $113,359 · excluded $113,359

  • 7a · Gross sales of assets other than inventory

    securities $754,976

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

    securities $676,980

  • 7c · Gain or loss

    securities $77,996

  • 7d · Net gain or loss

    total $77,996 · excluded $77,996

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $573,202 · program services $236,356 · management and general $336,846

  • 7 · Other salaries and wages

    total $2,065,661 · program services $1,587,753 · management and general $477,908

  • 8 · Pension plan contributions

    total $179,442 · program services $124,039 · management and general $55,403

  • 9 · Other employee benefits

    total $357,785 · program services $247,318 · management and general $110,467

  • 10 · Payroll taxes

    total $186,834 · program services $129,149 · management and general $57,685

  • 11b · Fees: legal

    total $12,060 · program services $10,005 · management and general $2,055

  • 11c · Fees: accounting

    total $22,473 · management and general $22,473

  • 11f · Fees: investment management

    total $14,386 · management and general $14,386

  • 11g · Fees: other

    total $1,802,116 · program services $1,670,146 · management and general $131,970

  • 13 · Office expenses

    total $52,911 · program services $32,396 · management and general $20,515

  • 14 · Information technology

    total $109,548 · program services $35,255 · management and general $74,293

  • 16 · Occupancy

    total $159,133 · management and general $159,133

  • 17 · Travel

    total $61,734 · program services $46,315 · management and general $15,419

  • 19 · Conferences, conventions and meetings

    total $15,405 · program services $9,905 · management and general $5,500

  • 22 · Depreciation, depletion and amortization

    total $10,956 · management and general $10,956

  • 23 · Insurance

    total $39,379 · management and general $39,379

  • 24a · Other expenses: PHYSICIAN REVIEWER

    total $318,499 · program services $318,286 · management and general $213

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $31,555 · program services $19,205 · management and general $12,350

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $29,818 · program services $2,757 · management and general $27,061

  • 24d · Other expenses: PROJECT SUPPLIES/MEDIA

    total $23,834 · program services $22,530 · management and general $1,304

  • 24e · All other expenses

    total $26,445 · program services $8,849 · management and general $17,596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,805 · end of year $698,151

  • 2 · Savings and temporary cash investments

    beginning of year $75,877 · end of year $23,092

  • 4 · Accounts receivable

    beginning of year $1,605,360 · end of year $773,722

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,514 · end of year $230,769

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

    $761,911

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

    $627,169

  • 10c · Land, buildings and equipment, net

    beginning of year $46,701 · end of year $134,742

  • 11 · Investments: publicly traded securities

    beginning of year $2,481,649 · end of year $2,668,702

  • 15 · Other assets

    beginning of year $180,421 · end of year $30,804

  • 17 · Accounts payable and accrued expenses

    beginning of year $637,066 · end of year $561,838

  • 19 · Deferred revenue

    beginning of year $734,752 · end of year $245,000

  • 23 · Secured mortgages and notes payable

    beginning of year $144,871 · end of year $21,710

  • 27 · Net assets without donor restrictions

    beginning of year $3,125,638 · end of year $3,731,434

Mission and programs · 2024

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 ALL STATES, OTHER GOVERNMENTAL ENTITIES, AND PRIVATE ENTITIES.

    Expenses $4,500,264 · Revenue $6,460,232

As filed on the 2024 return.

Listed in Part VII

  • Arlo Reimer

    CHAIR

    Total calculated
    $1,061
    From this org
    $1,061
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • David Voran

    VICE CHAIR

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Glenda Washington

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Dunn

    TRUSTEE

    Total calculated
    $950
    From this org
    $950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Michael Apley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Linda Farrar

    TRUSTEE

    Total calculated
    $950
    From this org
    $950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Robert Huebner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Thomas Hintz

    TRUSTEE

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

    TRUSTEE; TERM 07/2024

    Total calculated
    $0
    Hours/week
    1
  • Gianfranco Pezzino

    TRUSTEE

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

    TRUSTEE

    Total calculated
    $827
    From this org
    $827
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Deborah Stern

    TRUSTEE

    Total calculated
    $950
    From this org
    $950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Sarah Irsik Good

    CEO/PRESIDENT

    Total calculated
    $226,838
    From this org
    $196,872
    From related orgs
    $0
    Other
    $29,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,369
    Bonus
    $17,503
    Other
    $0
    Deferred
    $7,139
    Nontaxable benefits
    $22,827
    Filer's total
    $226,838
  • Betty Murrell MBA

    CFO

    Total calculated
    $159,874
    From this org
    $134,674
    From related orgs
    $0
    Other
    $25,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,674
    Bonus
    $0
    Other
    $0
    Deferred
    $808
    Nontaxable benefits
    $24,392
    Filer's total
    $159,874
  • Lynne Ruhlman Valdivia

    VICE PRESIDENT

    Total calculated
    $198,662
    From this org
    $176,682
    From related orgs
    $0
    Other
    $21,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,682
    Bonus
    $0
    Other
    $0
    Deferred
    $10,600
    Nontaxable benefits
    $11,380
    Filer's total
    $198,662

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
2024
Filed
21 July 2025
IRS schema version
2024v5.2
Source object
202512099349300246

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