Overview
What is Kentucky Medical Services Foundation Inc?
Kentucky Medical Services Foundation Inc is a nonprofit organization in support of the University of Kentucky Medical Center's physicians. Based on the provided information, they are dedicated to enhancing the capabilities of the institute and aiding the medical professionals who contribute significantly to the healthcare of Kentuckians daily. With a focus on furthering the University of Kentucky Medical Center's mission, the foundation offers essential services to these dedicated individuals.
Official website here: www.kmsf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kentucky Medical Services Foundation Inc received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the overall score stands at 70%, the organization demonstrates strong program expense management with 94.90% directed toward its programs, which reflects a commitment to its mission. Additionally, it has well-established policies for conflict of interest, whistleblower protection, and document retention.
However, the nonprofit faces significant challenges regarding board independence, as evidenced by its score of 0% for majority independent board members. This absence of independent oversight may raise concerns about governance and accountability. Furthermore, the liabilities to assets ratio of 89.49% suggests that the organization may have a high level of liabilities in relation to its assets, which could impact financial stability.
Despite these limitations, the organization has a solid foundation with proper audit oversight and transparency in financial reporting. Focusing on enhancing board independence and addressing its liabilities could significantly elevate its operational standing and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Medical Services Foundation Inc legitimate?
Kentucky Medical Services Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Medical Services Foundation 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
Official website here: www.kmsf.com
What is the mission statement of Kentucky Medical Services Foundation Inc?
The Kentucky Medical Services Foundation is a non-profit organization committed to supporting the University of Kentucky Medical Center. Its primary focus is on serving the physicians who work tirelessly to improve the health of Kentuckians. By providing essential services to these dedicated professionals, the foundation plays a vital role in enabling the University of Kentucky Medical Center to achieve its healthcare goals. The organization's efforts contribute significantly to the well-being of the community by ensuring that the physicians have the resources they need to deliver optimal care.
Official website here: www.kmsf.com
Who is the CEO of Kentucky Medical Services Foundation Inc?
Jay Grider is the CEO of Kentucky Medical Services Foundation Inc The CEO's salary of Kentucky Medical Services Foundation Inc is $0 and their total compensation is $661,610.
Official website here: www.kmsf.com
What is the revenue of Kentucky Medical Services Foundation Inc?
Kentucky Medical Services Foundation Inc's revenue in 2024 was $386,161,975.
Official website here: www.kmsf.com
Who are the executives of Kentucky Medical Services Foundation Inc and what are their salaries?
The average compensation at Kentucky Medical Services Foundation Inc during 2024 was $9,157. There are 179 employees and 25 volunteers at Kentucky Medical Services Foundation Inc.
Here are 37 key members and their salaries (Kentucky Medical Services Foundation Inc's CEO's salary is $0 and their total compensation is $661,610):
- Compensation: $0
- Related: $431,554
- Other: $45,993
- Compensation: $0
- Related: $598,730
- Other: $71,759
- Compensation: $0
- Related: $619,178
- Other: $61,992
- Compensation: $0
- Related: $890,000
- Other: $103,126
- Compensation: $0
- Related: $625,000
- Other: $74,389
- Compensation: $0
- Related: $514,135
- Other: $60,684
- Compensation: $0
- Related: $686,166
- Other: $79,131
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $343,166
- Other: $43,940
- Compensation: $0
- Related: $947,833
- Other: $102,691
- Compensation: $0
- Related: $273,338
- Other: $41,371
- Compensation: $0
- Related: $274,500
- Other: $34,631
- Compensation: $0
- Related: $560,095
- Other: $63,223
- Compensation: $0
- Related: $701,828
- Other: $79,542
- Compensation: $0
- Related: $567,353
- Other: $70,707
- Compensation: $0
- Related: $263,497
- Other: $40,386
- Compensation: $0
- Related: $611,000
- Other: $75,177
- Compensation: $0
- Related: $604,783
- Other: $69,006
- Compensation: $0
- Related: $593,056
- Other: $61,517
- Compensation: $0
- Related: $285,767
- Other: $42,616
- Compensation: $0
- Related: $619,000
- Other: $72,724
- Compensation: $0
- Related: $488,094
- Other: $62,562
- Compensation: $0
- Related: $682,934
- Other: $82,380
- Compensation: $0
- Related: $229,252
- Other: $34,767
- Compensation: $0
- Related: $441,503
- Other: $42,576
- Compensation: $0
- Related: $432,470
- Other: $50,445
- Compensation: $0
- Related: $887,245
- Other: $102,406
- Compensation: $0
- Related: $575,992
- Other: $69,405
- Compensation: $0
- Related: $588,668
- Other: $72,942
- Compensation: $0
- Related: $169,324
- Other: $34,728
- Compensation: $0
- Related: $127,298
- Other: $29,328
- Compensation: $0
- Related: $115,149
- Other: $18,611
- Compensation: $0
- Related: $308,100
- Other: $36,531
- Compensation: $0
- Related: $437,227
- Other: $52,756
- Compensation: $0
- Related: $507,500
- Other: $65,745
- Compensation: $0
- Related: $633,784
- Other: $71,402
- Compensation: $0
- Related: $481,637
- Other: $62,256
Official website here: www.kmsf.com
Where can I find the form 990 for Kentucky Medical Services Foundation Inc?
Kentucky Medical Services Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kmsf.com
Learn more at the official website: www.kmsf.com
Mission Statement of Kentucky Medical Services Foundation Inc
Kentucky Medical Services Foundation, a dedicated nonprofit organization, is committed to serving the physicians of the University of Kentucky Medical Center. In this role, they extend essential support to the team of doctors who play a critical part in bettering the lives of Kentuckians daily.
By providing indispensable services to these physicians, Kentucky Medical Services Foundation ensures the University of Kentucky Medical Center can continue to achieve its goals in the realm of healthcare. The organization's mission is deeply rooted in its devotion to serving the distinguished group of doctors who make a difference in their community every day.
Kentucky Medical Services Foundation's work encompasses various aspects that contribute to the success of the University of Kentucky Medical Center's healthcare initiatives. Their unwavering support empowers the physicians to concentrate on their primary roles, ultimately benefiting the patients they serve.
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Impact
October, 2024
Kentucky Medical Services Foundation Inc significantly enhances healthcare delivery by supporting the physicians of the University of Kentucky Medical Center. By providing vital resources and services tailored to the needs of these dedicated medical professionals, the foundation plays a crucial role in ensuring that healthcare providers can focus on delivering quality care. This support directly translates into improved health outcomes for Kentuckians, reinforcing the foundation's commitment to fostering a healthier community. Through its efforts, the foundation contributes to the overall advancement of medical education and practice, further benefiting the healthcare landscape in Kentucky.
This information is meant to be a general summary of Kentucky Medical Services Foundation 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 2024.
- Investment Income: $2,063,259
- Program Service Revenue: $356,131,619
- Gross Receipts: $386,176,050
Assets and Liabilities:
- Total Assets: $292,318,711
- Total Liabilities: $266,538,070
- Net Assets: $25,780,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINIC SERVICE FEES
Revenue
$344,824,309
RENT FROM SUPPORTED ORGANIZATION
Revenue
$11,307,310
Organization Details
Founding Year
1980
Principal Officer
Jay S Grider
Website
www.kmsf.comNTEE Category
Code: B110 - Education
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