Overview
What is Ky Hospital Research & Education Foundation Inc?
Ky Hospital Research & Education Foundation Inc is a nonprofit organization based in Louisville, Kentucky, located at 2501 Nelson Miller Parkway, ZIP code 40223. Their primary mission is to support charitable healthcare research and educational activities for hospitals in Kentucky. They aim to improve the knowledge of healthcare employees through educational programs, enhance the preparedness of Kentucky hospitals and other healthcare organizations in responding to disasters, emergencies, and trauma, support the advancement of critical access and small rural hospitals, and address infection prevention/control issues. Additionally, they coordinate the purchase of emergency and disaster preparedness equipment and emergency communications with Kentucky's emergency medical services regions.
Official website here: www.kyha.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Stars)
The Ky Hospital Research & Education Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting an 81% score based solely on Accountability & Finance metrics. This score indicates a strong commitment to financial stewardship and transparency, which is crucial for building trust and credibility among donors and stakeholders.
The foundation boasts several commendable attributes, including a fully independent board with 87% of its members meeting this criterion, and it scores full points in areas such as financial statements oversight and conflict of interest policies. The organization also demonstrates impressive financial efficiency, with a program expense ratio of 96.72%, indicating that a large majority of its resources are directed toward its mission.
However, the foundation faces some limitations, particularly noted in its liabilities to assets ratio, which scored 0 out of 15 points, suggesting potential concerns regarding financial stability. While the overall accountability measures are robust, addressing this aspect could further enhance the organization’s financial profile and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Ky Hospital Research & Education Foundation Inc legitimate?
Ky Hospital Research & Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ky Hospital Research & Education 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.kyha.com
What is the mission statement of Ky Hospital Research & Education Foundation Inc?
The Ky Hospital Research & Education Foundation Inc is dedicated to enhancing the health of the people of Kentucky through charitable and educational activities. Their mission encompasses designing educational programs to improve the knowledge of healthcare employees, fostering preparedness for hospitals and healthcare organizations in responding to disasters, emergencies, and trauma, and supporting the advancement of critical access and small rural hospitals for improved quality of care and financial viability. Additionally, they identify healthcare workforce shortage areas and establish collaboratives among hospitals to address infection prevention and control issues.
Official website here: www.kyha.com
Who is the CEO of Ky Hospital Research & Education Foundation Inc?
Nancy Galvagni is the President of Ky Hospital Research & Education Foundation Inc.
Official website here: www.kyha.com
What is the revenue of Ky Hospital Research & Education Foundation Inc?
Ky Hospital Research & Education Foundation Inc's revenue in 2022 was $14,278,685.
Official website here: www.kyha.com
Who are the executives of Ky Hospital Research & Education Foundation Inc and what are their salaries?
There 7 volunteers at Ky Hospital Research & Education Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $675,591
- Other: $39,423
- Compensation: $0
- Related: $221,491
- Other: $23,537
- Compensation: $0
- Related: $500
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $700
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $500
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
Official website here: www.kyha.com
Where can I find the form 990 for Ky Hospital Research & Education Foundation Inc?
Ky Hospital Research & Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kyha.com
Learn more at the official website: www.kyha.com
Mission Statement of Ky Hospital Research & Education Foundation Inc
Ky Hospital Research & Education Foundation Inc is a charitable organization dedicated to improving the health of the people of Kentucky. Through educational programs, the Foundation aims to enhance the knowledge of healthcare employees. It also seeks to establish collaboratives to enhance the preparedness of hospitals and healthcare organizations in responding to disasters, emergencies, and trauma.
Moreover, the Foundation supports the advancement of critical access and small rural hospitals to improve the quality of care and financial viability. It identifies healthcare workforce shortage areas and establishes collaboratives among hospitals to address infection prevention and control issues. The Foundation's mission is to foster the improvement of healthcare in Kentucky through charitable and educational activities.
By providing educational opportunities, the Foundation empowers healthcare professionals to deliver better care to their patients. Through collaborative efforts, it strengthens the preparedness of hospitals to handle emergencies and disasters. Furthermore, the Foundation's commitment to the advancement of rural hospitals ensures that quality healthcare services are available to all communities, regardless of size or location.
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Impact
October, 2024
Ky Hospital Research & Education Foundation Inc significantly enhances healthcare in Kentucky through its dedicated efforts in research and education. By administering statewide disaster preparedness initiatives, the organization equips hospitals, health departments, and community health service employees with the necessary training to effectively handle emergencies. This proactive approach ensures that healthcare professionals are well-prepared to respond to disasters, ultimately safeguarding the health of Kentucky’s population during crises.
Additionally, the foundation plays a vital role in the coordination and procurement of emergency preparedness resources, fostering a cohesive response strategy across Kentucky's emergency medical services regions. Through its educational programs, it not only improves the knowledge base of healthcare employees but also strengthens the infrastructure of critical access and small rural hospitals, aiding their quality of care and financial sustainability.
The foundation's commitment to identifying healthcare workforce shortages and addressing infection prevention and control concerns further empowers hospitals to operate efficiently. By establishing collaborative efforts among healthcare providers, Ky Hospital Research & Education Foundation Inc contributes to a more resilient healthcare system in Kentucky, ensuring that communities can rely on well-prepared and responsive medical services in times of need.
This information is meant to be a general summary of Ky Hospital Research & Education 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 2022.
- Investment Income: $30,556
- Program Service Revenue: $143,107
- Gross Receipts: $14,361,626
Assets and Liabilities:
- Total Assets: $6,945,255
- Total Liabilities: $4,864,841
- Net Assets: $2,080,414
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$72,670
CONVENTION REVENUE
Revenue
$70,437
Organization Details
Founding Year
1968
Phone
(502) 426-6220Principal Officer
Nancy Galvagni
Main Address
2501 NELSON MILLER PARKWAY, LOUISVILLE, KY, 40223
Website
www.kyha.comNTEE Category
Code: H90 - Medical research
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