Overview
What is Kentucky Health Cooperative Inc?
Kentucky Health Cooperative Inc was a consumer-governed, nonprofit health insurance entity established to offer qualified health plans primarily in the individual and small group markets in Kentucky. Their mission was to promote community health and well-being by engaging members and providers, with a focus on previously overlooked population segments, such as the working uninsured. The organization aimed to establish a qualified not-for-profit health insurance issuer in accordance with the Patient Protection and Affordable Care Act, enacted in 2010. Despite their efforts, the company did not insure any members during 2022, as the filing organization was ordered into liquidation in 2016.
Is Kentucky Health Cooperative Inc legitimate?
Kentucky Health Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(29) entity. Kentucky Health Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kentucky Health Cooperative Inc?
Kentucky Health Cooperative Inc's mission was to promote community health and well-being by engaging its members and healthcare providers in the delivery of quality integrated healthcare services. The organization aimed to reach out to all eligible individuals and groups, with a focus on previously overlooked populations, such as the working uninsured. Unfortunately, Kentucky Health Cooperative Inc was ordered into liquidation on January 15, 2016, and did not insure any members during 2022.
Who is the CEO of Kentucky Health Cooperative Inc?
Donald Roof is the Senior Accountant of Kentucky Health Cooperative Inc. The CEO's salary of Kentucky Health Cooperative Inc is $0 and their total compensation is $0.
What is the revenue of Kentucky Health Cooperative Inc?
Kentucky Health Cooperative Inc's revenue in 2022 was $225,542.
Who are the executives of Kentucky Health Cooperative Inc and what are their salaries?
Here are 2 key members and their salaries (Kentucky Health Cooperative Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $126,630
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kentucky Health Cooperative Inc?
Kentucky Health Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky Health Cooperative Inc
Kentucky Health Cooperative Inc was established with a mission to promote community health and well-being. The organization aimed to engage its members and healthcare providers in delivering quality, integrated healthcare services. Their mission extended beyond the conventional, with a specific focus on previously overlooked population segments, commonly known as the working uninsured. The Cooperative, a consumer-governed, private, nonprofit entity, operated under the provisions of the Patient Protection and Affordable Care Act, enacted in 2010. However, Kentucky Health Cooperative Inc was ordered into liquidation in January 2016, and unfortunately, the company did not insure any members during 2022. Despite its liquidation, the mission of Kentucky Health Cooperative Inc remains significant in the context of promoting equitable access to healthcare services for all, particularly for those who were previously underserved by traditional health insurers.
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Impact
October, 2024
Kentucky Health Cooperative Inc aimed to enhance community health and well-being by providing quality integrated health care services primarily for individuals and small groups in Kentucky. It focused on engaging members and providers to deliver valuable health coverage, particularly targeting population segments that had been overlooked by other health insurers, often referred to as the working uninsured.
By operating as a consumer-governed health insurance entity, the cooperative sought to address gaps in healthcare access and coverage within the community, especially in accordance with the provisions of the Affordable Care Act. However, by 2022, the cooperative no longer provided insurance, as it was ordered into liquidation in 2016. This cessation marked a significant loss for many potential members who relied on its services for affordable health insurance options in the state. The cooperative's mission highlighted the importance of outreach and inclusion in health coverage, emphasizing a commitment to serve those most in need, but ultimately, its closure limited access to necessary healthcare resources for underserved populations in Kentucky.
This information is meant to be a general summary of Kentucky Health Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,042
- Program Service Revenue: $209,500
- Gross Receipts: $225,542
Assets and Liabilities:
- Total Assets: $22,196,314
- Total Liabilities: $21,769,058
- Net Assets: $427,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREFERENCE RECOVERIES
Revenue
$209,500
Organization Details
Founding Year
2011
Phone
(770) 363-0425Principal Officer
Donald Roof
Main Address
PO Box 519, Stuart, VA, 24171
NTEE Category
Code: Y20 - Mutual benefit
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