Overview
What is Central Kentucky Management Services Inc?
Central Kentucky Management Services Inc is a nonprofit organization based in Lexington, Kentucky. Their primary mission is to offer management, staffing, and other support services to healthcare facilities under the University of Kentucky. In addition, they handle collection services for the healthcare receivables of the University of Kentucky and its related corporations. The organization has a workforce of 665 employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Central Kentucky Management Services Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and governance. The organization scored 64% overall, reflecting areas where it excels, such as maintaining a strong program expense ratio of 99.40%, which suggests effective allocation of resources towards its mission. However, the lack of independent board members, as evidenced by a 0% score in that category, raises concerns about governance and oversight.
While the organization has implemented several positive policies, including a conflict of interest policy, a whistleblower policy, and a document retention protocol, it falls short in financial transparency. The absence of its website on tax forms and the failure to post tax documents on its website limit accountability. Additionally, the liabilities to assets ratio of 100% highlights potential financial stability issues that may affect its operations.
Overall, while Central Kentucky Management Services Inc demonstrates a commitment to its programs, significant governance and transparency challenges need to be addressed in order to build trust and enhance its effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Central Kentucky Management Services Inc legitimate?
Central Kentucky Management Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Kentucky Management Services 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: $31,546,790
For more financial information, click here
What is the mission statement of Central Kentucky Management Services Inc?
Central Kentucky Management Services Inc is dedicated to supporting University of Kentucky healthcare facilities through the provision of management, staffing, and various other essential services. Their primary role is to manage and collect healthcare receivables on behalf of the university and its related corporations. By offering these crucial services, they contribute significantly to the effective operation of the healthcare facilities within the organization.
What is the revenue of Central Kentucky Management Services Inc?
Central Kentucky Management Services Inc's revenue in 2023 was $41,071,422.
Who are the executives of Central Kentucky Management Services Inc and what are their salaries?
The average compensation at Central Kentucky Management Services Inc during 2023 was $48,910. There are 645 employees at Central Kentucky Management Services Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $1,677,035
- Other: $350,975
- Compensation: $0
- Related: $880,572
- Other: $208,257
- Compensation: $948,249
- Related: $0
- Other: $84,476
- Compensation: $0
- Related: $671,453
- Other: $326,772
- Compensation: $0
- Related: $627,857
- Other: $58,368
- Compensation: $0
- Related: $348,659
- Other: $55,061
- Compensation: $0
- Related: $326,280
- Other: $68,053
- Compensation: $274,316
- Related: $0
- Other: $8,725
- Compensation: $244,187
- Related: $0
- Other: $7,246
- Compensation: $222,802
- Related: $0
- Other: $22,316
- Compensation: $235,523
- Related: $0
- Other: $0
Where can I find the form 990 for Central Kentucky Management Services Inc?
Central Kentucky Management Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central Kentucky Management Services Inc
Central Kentucky Management Services Inc, a key player in the health care sector, is dedicated to delivering management, staffing, and various support services to the University of Kentucky's health care facilities. The organization's primary mission revolves around ensuring the collection of health care receivables for the University of Kentucky and its related corporations.
By offering crucial management and support services, Central Kentucky Management Services Inc enhances the operational efficiency and effectiveness of the University of Kentucky's health care facilities. This collaboration not only contributes to the overall improvement of healthcare services but also paves the way for better patient experiences. Through its commitment to excellence, Central Kentucky Management Services Inc plays a vital role in the University of Kentucky's health care network, ensuring the smooth functioning of its facilities and the delivery of high-quality care.
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Impact
October, 2024
Central Kentucky Management Services Inc plays a crucial role in enhancing the efficiency and effectiveness of health care within the University of Kentucky Health Care facilities. By providing management, staffing, and support services, this organization ensures that these facilities operate smoothly and can focus on delivering high-quality patient care.
The impact extends to optimizing health care receivables collection, which is essential for financial stability and sustainability. This not only aids in maintaining the operational flow of the health care facilities but also contributes to better patient services by ensuring that resources are efficiently allocated. With its commitment to supporting the operations of health care institutions, Central Kentucky Management Services Inc directly influences the quality and accessibility of health care in the Lexington area and beyond.
This information is meant to be a general summary of Central Kentucky Management Services 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 2023.
- Program Service Revenue: $41,051,847
- Gross Receipts: $41,071,422
Assets and Liabilities:
- Total Assets: $2,679,053
- Total Liabilities: $2,679,053
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTHCARE STAFFING SERVICES
Revenue
$33,572,114
COLLECTIONS
Revenue
$7,479,733
Organization Details
Founding Year
1973
Principal Officer
Craig Collins
NTEE Category
Code: E8XZ - Health
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