Healthfirst Bluegrass Inc
- Assets
- $30.9m
- Revenue
- $27.4m
- Investments
- $0.0
- Employees
- 301
- Location
- Lexington, KY
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 45-2710251
Organization Overview
Healthfirst Bluegrass Inc is located in Lexington, KY. The organization was established in 2012. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Healthfirst Bluegrass Inc employed 301 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthfirst Bluegrass Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Healthfirst Bluegrass Inc generated $27.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $25.8m during the year ending 12/2021. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMPREHENSIVE PRIMARY HEALTHCARE SERVICES TO RESIDENTS OF CENTRAL KENTUCKY, AND SPECIFICALLY MEDICALLY UNDER-SERVED AREAS WITHIN LEXINGTON-FAYETTE COUNTY.
Describe the Organization's Program Activity:
HEALTHFIRST BLUEGRASS, INC, (HEALTH CENTER) IS A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) THAT WORKS TO IMPROVE, PROMOTE AND MAINTAIN THE PHYSICAL AND EMOTIONAL AND DENTAL HEALTH OF PEOPLE IN THE COMMUNITIES IT SERVES. THE HEALTH CENTER PRIMARILY EARNS REVENUES BY PROVIDING PHYSICIAN AND RELATED HEALTH CARE AND MENTAL CARE SERVICES AND DENTAL CARE SERVICES THROUGH CLINICS LOCATED IN LEXINGTON, KENTUCKY. A SIGNIFICANT NUMBER OF PATIENTS ARE LOW-INCOME FAMILIES THAT CANNOT AFFORD HEALTH CARE ASSISTANCE PROGRAMS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gentry Larue Jr Psychiatrist | 40 | $284,000 | |
Deborah Stanley MD Medical Director | Officer | 40 | $219,174 |
William Dake MD Physician | 40 | $208,129 | |
Justin Adams MD Physician | 40 | $197,085 | |
Carol Mitchell MD Physician | 40 | $192,701 | |
Wayne Linscott CEO | Officer | 40 | $192,461 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Of Chicago Comm Health Ser It Services | 12/30/21 | $282,104 |
Visualutions It System Services | 12/30/21 | $978,597 |
Encore Tehnologies Technology Services | 12/30/21 | $182,572 |
Ky Primary Assoc Trust Support Services | 12/30/21 | $1,072,467 |
Plan R System Services Llc Technology Services | 12/30/21 | $178,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,508,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,508,419 |
| Total Program Service Revenue | $15,567,411 |
| Investment income | $39,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,399 |
| Net Gain/Loss on Asset Sales | $136,166 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,346,108 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,385,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $822,119 |
| Compensation of current officers, directors, key employees. | $573,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,762,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,578,620 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,562 |
| Fees for services: Accounting | $103,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,491,466 |
| Advertising and promotion | $158,615 |
| Office expenses | $546,756 |
| Information technology | $1,294,138 |
| Royalties | $0 |
| Occupancy | $326,849 |
| Travel | $72,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $168,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $849,593 |
| Insurance | $103,480 |
| All other expenses | $194,721 |
| Total functional expenses | $25,778,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,468,665 |
| Savings and temporary cash investments | $5,362,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,497,366 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $158,139 |
| Prepaid expenses and deferred charges | $305,655 |
| Net Land, buildings, and equipment | $15,155,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,947,747 |
| Accounts payable and accrued expenses | $2,204,437 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,222,839 |
| Unsecured mortgages and notes payable | $2,000,928 |
| Other liabilities | $0 |
| Total liabilities | $6,428,204 |
| Net assets without donor restrictions | $24,519,543 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,947,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascension Medical Group Michigan St Louis, MO | $49,266,771 | $75,124,562 |
Mercy Aco Clinical Services Inc Chesterfield, MO | $54,495,253 | $100,210,064 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Erie Family Health Center Inc Chicago, IL | $89,001,559 | $100,123,889 |
The Stern Cardiovascular Foundation Inc Germantown, TN | $17,127,426 | $49,543,413 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Frontier Health Gray, TN | $53,088,509 | $71,287,825 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |
Goshen Health System Inc Goshen, IN | $13,380,075 | $68,845,777 |
Southern Illinois Healthcare Foundation Inc Sauget, IL | $58,422,336 | $81,053,788 |
Hopewell Health Centers Inc Chillicothe, OH | $48,966,923 | $74,549,175 |
Camden-Clark Physician Corporation Parkersburg, WV | $7,022,477 | $63,031,492 |