Kentucky Health Cooperative Inc
501(c)(29)Membership
Only 6% goes to programs Strong reserves Declining revenue
Kentucky Health Cooperative Inc is a 501(c)(29) organization based in Stuart, Virginia, registered in 2013, with $319,984 in FY2024 revenue. CharityIndex grades it C, and it directs about 6% of spending to programs.
Po Box 519, Stuart, VA, 24171 EIN 45-3763404 Since 2013
Revenue (FY2024)
$320K
▲ 2.3% vs prior year
Membership median: $185K
Expenses (FY2024)
$311K
Net assets
$412K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating6% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Kentucky Health Cooperative Inc: 6% to programs earns a F on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Kentucky Health Cooperative Inc: 16 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Kentucky Health Cooperative Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Kentucky Health Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Kentucky health cooperative existed to promote community health and well-being by engaging the members and providers it served in the valued delivery of quality coverage of integrated health care services.
Contact & location
- Address
- Po Box 519, Stuart, VA, 24171
- City
- Stuart
- State
- Virginia
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $162.3M (FY2015) to $320K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.4MNet assets $412K
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.8M
Total liabilities
$16.4M
Net assets
$412K
Salaries & benefits
$0
0% of expenses
Board members
1
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $319,984▲2.3% | $310,658▼7.9% | $412,070▲2.3% | $16,770,800▼2.7% | 990 |
| 2023 | $312,778▲38.7% | $337,290▼42.1% | $402,744▼5.7% | $17,243,786▼22.3% | 990 |
| 2022 | $225,542▼96.7% | $582,368▼60.2% | $427,256▼45.5% | $22,196,314▼75.6% | 990 |
| 2021 | $6,895,178▼82.6% | $1,461,443▲26.7% | $784,082▲117% | $90,969,021▲6.3% | 990 |
| 2020 | $39,611,774▲1240% | $1,153,791▲4.9% | -$4,649,653▲89.2% | $85,561,818▲82.3% | 990 |
| 2019 | $2,956,784▼29.8% | $1,099,665▼44.8% | -$43,107,636▲4.1% | $46,923,481▲3.8% | 990 |
| 2018 | $4,214,776▼9.8% | $1,992,491▲14.2% | -$44,964,755▲30.1% | $45,205,945▲12.1% | 990 |
| 2017 | $4,671,595▼59.1% | $1,745,163▼85.8% | -$64,288,317▼4.3% | $40,318,550▼11.5% | 990 |
| 2016 | $11,419,503▼93.0% | $12,279,204▼95.6% | -$61,655,021▼22.6% | $45,549,555▼38.2% | 990 |
| 2015 | $162,273,304 | $277,712,330 | -$50,270,339 | $73,736,971 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brian Jeremy Dunn — $132,055 (42.51% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian Jeremy Dunn | Senior Accountant | 40 | $132,055 |
| Don Roof | Liquidator/ceo | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Brian Dunn | Accounting | $132,055 |
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Frequently asked questions
- Is Kentucky Health Cooperative Inc a legitimate nonprofit?
- Yes. Kentucky Health Cooperative Inc is a 501(c)(29) organization registered with the U.S. Internal Revenue Service under EIN 45-3763404, based in Stuart, Virginia.
- What is Kentucky Health Cooperative Inc's EIN?
- Kentucky Health Cooperative Inc's Employer Identification Number (EIN) is 45-3763404.
- How much revenue does Kentucky Health Cooperative Inc report?
- Kentucky Health Cooperative Inc reported $319,984 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Kentucky Health Cooperative Inc's spending goes to programs?
- Kentucky Health Cooperative Inc spends about 6% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kentucky Health Cooperative Inc have?
- CharityIndex grades Kentucky Health Cooperative Inc C, based on program efficiency and fundraising cost.
- How much does Kentucky Health Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Kentucky Health Cooperative Inc's latest Form 990 is $132,055, paid to Brian Jeremy Dunn (Senior Accountant).
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Data for Kentucky Health Cooperative Inc (EIN 45-3763404) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.