Kansas Foundation For Medical Care Inc
- Assets
- $3.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Topeka, KS
- Founding
- 10/2014
- Data as of
- 03/2022
- EIN
- 48-0813222
Organization Overview
Kansas Foundation For Medical Care Inc is located in Topeka, KS. The organization was established in 2014. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. As of 03/2022, Kansas Foundation For Medical Care Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Foundation For Medical Care 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 03/2022, Kansas Foundation For Medical Care Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $4.1m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEADING INNOVATION TO IMPROVE THE QUALITY, EFFECTIVENESS, AND SAFETY OF HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KANSAS FOUNDATION FOR MEDICAL CARE (KFMC) ROLE IS TO WORK WITH HEALTHCARE PROVIDERS TO DEVELOP WAYS TO IMPROVE THE QUALITY OF HEALTHCARE PROVIDED TO MEDICARE AND MEDICAID BENEFICIARIES AND ULTIMATELY ALL HEALTHCARE CONSUMERS IN ALL STATES. KFMC CONTRACTS WITH THE STATE OF KANSAS, AND OTHER GOVERNMENTAL AND PRIVATE ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Irsik Good Ceo/president | Officer | 40 | $171,843 |
Lynne Ruhlman Valdivia Vice President | Officer | 40 | $157,363 |
Betty Murrell MBA CFO | Officer | 40 | $95,009 |
Deborah Stern Trustee | Trustee | 1 | $800 |
Linda Farrar Trustee | Trustee | 1 | $800 |
David Voran Vice Chair | OfficerTrustee | 1 | $600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ks Health & Epidemiology Consultant Services For Eqro Project | 3/30/22 | $130,040 |
Oklahoma Foundation For Medical Quality Subcontracted Consulting | 3/30/22 | $209,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,793 |
| 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 | $504,793 |
| Total Program Service Revenue | $4,255,622 |
| Investment income | $92,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,847,331 |
| 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. | $483,053 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,555,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $556,237 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,768 |
| Fees for services: Accounting | $13,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,919 |
| Fees for services: Other | $957,872 |
| Advertising and promotion | $0 |
| Office expenses | $16,969 |
| Information technology | $76,201 |
| Royalties | $0 |
| Occupancy | $143,476 |
| Travel | $19,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,275 |
| Insurance | $44,108 |
| All other expenses | $29,656 |
| Total functional expenses | $4,098,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,270 |
| Savings and temporary cash investments | $22,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $902,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102,874 |
| Net Land, buildings, and equipment | $47,618 |
| Investments—publicly traded securities | $2,196,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,484,437 |
| Accounts payable and accrued expenses | $744,240 |
| Grants payable | $0 |
| Deferred revenue | $246,406 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $990,646 |
| Net assets without donor restrictions | $2,493,791 |
| 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 | $3,484,437 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Borgess Health Alliance Inc St Louis, MO | $46,781,570 | $6,896,966 |
Kvc Health Systems Inc Olathe, KS | $8,418,684 | $13,175,327 |
Comfort Bridge Denver, CO | $5,212,521 | $12,453,439 |
Hospital Industry Data Institute Jefferson City, MO | $14,138,483 | $12,900,741 |
Quality Health Network Grand Junction, CO | $10,220,292 | $7,289,603 |
Myhealth Access Network Inc Tulsa, OK | $2,014,032 | $4,400,201 |
Behavioral Health Network Of Greater St Louis Saint Louis, MO | $6,485,810 | $5,127,247 |
American Academy Of Family Physicians Foundation Leawood, KS | $25,207,430 | $5,392,097 |
Kansas Foundation For Medical Care Inc Topeka, KS | $3,484,437 | $4,847,331 |
Mha Health Institute Jefferson City, MO | $46,834,366 | $5,313,584 |
Ollie Webb Center Inc Omaha, NE | $600,690 | $1,481,535 |
Knowledge Management Associates Columbia, MO | $830,656 | $2,058,753 |