Overview
What is Kalos Health Inc?
Kalos Health Inc, an approved New York State Department of Health managed long-term care plan based in Lockport, NY, strives to improve the health and well-being of underprivileged individuals in Western New York. By cultivating a network of programs, including a managed long-term care plan and health benefits, Kalos Health collaborates closely with care providers to deliver quality healthcare. Currently, the organization serves individuals aged 18 and older in Erie, Niagara, Orleans, Genesee, Chautauqua, and Monroe Counties, who have a chronic illness or health disability.
Official website here: www.kaloshealth.org
What are the reviews and ratings of this charity?
Charity Navigator rates Kalos Health Inc with an 84%, giving it a Three-Star out of Four Star rating. This score reflects solid performance in accountability and finance, showcasing the organization's dedication to transparency and responsible management of resources. With a high percentage of independent board members and strong financial oversight practices in place, the nonprofit demonstrates a commitment to governance that supports its mission.
One of the organization's notable strengths is its program expense ratio, which stands at an impressive 94.05%. This indicates that a significant portion of its funds is directed toward program services rather than administrative costs, a positive sign for potential donors who prioritize impact. Additionally, Kalos Health Inc has established comprehensive policies on conflict of interest and whistleblower protection, which further underscores its commitment to ethical governance.
However, the organization faces some challenges, as indicated by its liabilities to assets ratio of 66.28%. While this figure does not reflect immediate financial distress, it suggests that the organization may need to focus on managing its liabilities more effectively to ensure long-term sustainability. Overall, Kalos Health Inc presents a strong case for support, particularly for those interested in health services, but potential donors should remain aware of the financial health indicators.
This AI summary has been generated from information found on Charity Navigator.
Is Kalos Health Inc legitimate?
Kalos Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalos Health 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: $1,932,860
For more financial information, click here
Official website here: www.kaloshealth.org
What is the mission statement of Kalos Health Inc?
Kalos Health Inc strives to enhance the health and well-being of underprivileged individuals in certain New York areas. As an approved managed long-term care plan by the New York State Department of Health, they develop a network of healthcare providers and collaborate closely with them to deliver quality care. Their current scope includes serving individuals aged 18 and above who reside in Erie, Niagara, Orleans, Genesee, Chautauqua, and Monroe Counties and live with chronic illnesses or health disabilities.
Official website here: www.kaloshealth.org
Who is the CEO of Kalos Health Inc?
John Lomeo is the Chief Executive Officer of Kalos Health Inc. The CEO's salary of Kalos Health Inc is $0 and their total compensation is $0.
Official website here: www.kaloshealth.org
What is the revenue of Kalos Health Inc?
Kalos Health Inc's revenue in 2022 was $22,138,016.
Official website here: www.kaloshealth.org
Who are the executives of Kalos Health Inc and what are their salaries?
The average compensation at Kalos Health Inc during 2022 was $28,424. There are 68 employees at Kalos Health Inc.
Here are 12 key members and their salaries (Kalos Health Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $134,015
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- Other: $6,538
- Compensation: $102,479
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- Other: $532
- Compensation: $130,000
- Related: $0
- Other: $5,850
Official website here: www.kaloshealth.org
Where can I find the form 990 for Kalos Health Inc?
Kalos Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kaloshealth.org
Learn more at the official website: www.kaloshealth.org
Mission Statement of Kalos Health Inc
Kalos Health Inc, a mission-driven organization, strives to enhance the health and overall well-being of underprivileged individuals in various communities across New York State. Approved as a Managed Long Term Care Plan by the New York State Department of Health, Kalos Health Inc focuses on building a robust network of healthcare providers and collaborating closely with them to ensure the delivery of top-notch medical care.
The organization's primary objective is to cater to the needs of those aged 18 and above who are grappling with chronic illnesses and disabilities. Serving the populations of Erie, Niagara, Orleans, Genesee, Chautauqua, and Monroe Counties, Kalos Health Inc extends a helping hand to the less fortunate, providing them with access to essential healthcare services. By developing and nurturing relationships with a wide range of care providers, Kalos Health Inc is able to ensure that its clients receive the highest quality of healthcare possible.
In essence, Kalos Health Inc is an unwavering advocate for the health and well-being of the poor, distressed, and underprivileged individuals in the Western New York area. Through its approved Managed Long Term Care Plan, the organization continues to expand its reach and deliver on its commitment to creating a healthier future for those in need.
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Impact
October, 2024
Kalos Health Inc significantly impacts the lives of underserved individuals in the Western New York region by providing essential healthcare services. By developing a comprehensive network of care providers and collaborating closely with them, Kalos Health ensures that individuals aged 18 and older who have chronic illnesses or health disabilities receive high-quality healthcare tailored to their needs.
Operating as an approved managed long-term care plan by the New York State Department of Health, Kalos Health addresses the specific challenges faced by poor, distressed, and underprivileged populations in counties such as Erie, Niagara, Orleans, Genesee, Chautauqua, and Monroe. The organization plays a critical role in promoting the health and well-being of these communities, leading to improved access to vital health benefits and resources.
Through its commitment to enhancing healthcare delivery, Kalos Health contributes to better health outcomes, thereby fostering a healthier, more resilient community in Western New York. Its efforts help bridge gaps in care and provide a support system that empowers individuals to manage their health effectively.
This information is meant to be a general summary of Kalos Health 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: $20,838
- Program Service Revenue: $22,116,574
- Gross Receipts: $22,138,016
Assets and Liabilities:
- Total Assets: $16,545,998
- Total Liabilities: $10,967,937
- Net Assets: $5,578,061
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM REVENUE
Revenue
$22,116,574
Organization Details
Founding Year
2013
Phone
(800) 894-2464Principal Officer
John Lomeo
Main Address
4675 SUNSET DRIVE, LOCKPORT, NY, 14094
Website
www.kaloshealth.orgNTEE Category
Code: E21 - Health
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