Delta Dental Of Kentucky Inc
- Assets
- $127.8m
- Revenue
- $182.1m
- Investments
- $48.5m
- Employees
- 93
- Location
- Louisville, KY
- Founding
- 07/1971
- Data as of
- 12/2023
- EIN
- 61-0659432
Organization Overview
Delta Dental Of Kentucky Inc is located in Louisville, KY. The organization was established in 1971. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2023, Delta Dental Of Kentucky Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Dental Of Kentucky Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Delta Dental Of Kentucky Inc generated $182.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $182.8m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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.
Since 2014, Delta Dental Of Kentucky Inc has awarded 78 individual grants totaling $25,374,168. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DELTA DENTAL OF KENTUCKY'S ("DDKY") OVERARCHING MISSION IS EVERYONE DESERVES A HAPPY & HEALTHY SMILE. DDKY HAS ALWAYS BEEN TO BE THE LEADER IN THE MARKETS WE SERVE, TO DELIVER UNMATCHED QUALITY AND VALUE IN OUR PROGRAMS AND SERVICES, AND TO VIGOROUSLY PROMOTE THE IMPORTANCE OF ORAL HEALTH AS AN ESSENTIAL PART OF OVERALL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELTA DENTAL OF KENTUCKY IS THE LARGEST AND MOST EXPERIENCED DENTAL BENEFIT ADMINISTRATOR IN KENTUCKY. AS A NOT-FOR-PROFIT ORGANIZATION, DELTA DENTAL'S CORE MISSION IS EVERYONE DESERVES A HAPPY AND HEALTHY SMILE. DELTA DENTAL OF KENTUCKY IS COMMITTED TO FULFILLING THIS MISSION THROUGH THEIR DENTAL AND LIFE BENEFIT PROGRAMS AS WELL AS CORPORATE PHILANTHROPIC INITIATIVES. DELTA DENTAL OF KENTUCKY INSURES NEARLY 800,000 SMILES THROUGHOUT THE COMMONWEALTH OF KENTUCKY THROUGH GROUP AND INDIVIDUAL PLANS. SEE SCHEDULE O FOR CONTINUATIONFOR CLOSE TO SIX DECADES, DELTA DENTAL OF KENTUCKY HAS HELPED PROMOTE HEALTHY SMILES FOR ITS MEMBERS BY DESIGNING AND ADMINISTERING INNOVATIVE, COST-EFFECTIVE DENTAL BENEFIT PROGRAMS. THESE PLANS MEET MEMBERS' COST-OBJECTIVES WHILE IMPROVING AND MAINTAINING THEIR ORAL HEALTH. DELTA DENTAL OF KENTUCKY IS DEDICATED TO ITS MEMBERS AND ENSURES SUPERIOR CUSTOMER SERVICE, AS EVIDENCED BY NEARLY 90% OF CALLS ANSWERED IN LESS THAN 14 SECONDS. DELTA DENTAL'S AWARD-WINNING CUSTOMER SERVICE HAS A 95% SATISFACTION RATE.DELTA DENTAL OF KENTUCKY OPERATES THE LARGEST DENTAL NETWORKS WITH 89% OF PARTICIPATION AMONG KENTUCKY DENTISTS. DELTA DENTAL'S TWO LARGE NETWORKS, DELTA DENTAL PPO AND DELTA DENTAL PREMIER, GIVE MEMBERS ADDED PROTECTION BY GUARANTEEING THAT PARTICIPATING DENTISTS HAVE AGREED TO ACCEPT THE ALLOWABLE AMOUNT NEGOTIATED BY DELTA DENTAL AS PAYMENT FOR COVERED SERVICES. DELTA DENTAL'S DENTIST-CREDENTIALING PROGRAM, COST MANAGEMENT POLICIES AND FEE REDUCTION AGREEMENTS WITH PARTICIPATING DENTISTS HELP MEMBERS RECEIVE QUALITY DENTISTRY AND BEST DENTAL OUTCOMES. IN EARLY 2020, DELTA DENTAL EXPANDED INTO MORE ANCILLARY LINES OFFERING GROUP LIFE AND DISABILITY COVERAGE. ENSURING OUR MISSION OF HAPPY AND HEALTHY SMILES IS A CORE COMPONENT OF DELTA DENTAL OF KENTUCKY, A SEPARATE ACCOUNT WAS ESTABLISHED AT THE COMMUNITY FOUNDATION OF LOUISVILLE IN 2003 WHICH IS FUNDED ANNUALLY FOR GIVING PURPOSES. SINCE THE INCEPTION OF THE COMMUNITY FOUNDATION OF LOUISVILLE ACCOUNT IN 2003, THE CORPORATE PHILANTHROPIC GIVING HAS PROVIDED OVER $25 MILLION IN GRANTS TO OVER 180 ORGANIZATIONS. IN 2023, DONATIONS TOTALED $2.3 MILLION AND WERE USED TO SUPPORT 106 ORGANIZATIONS THROUGH KENTUCKY. THESE DONATIONS FUNDED 23 DENTAL CLINICS ACROSS THE COMMONWEALTH AND 70% OF THESE DOLLARS WERE GRANTED TO ORGANIZATIONS PROVIDING DENTAL CARE AND ORAL HEALTH EDUCATION TO UNDERSERVED POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Jude Thompson President, CEO | OfficerTrustee | 40 | $1,148,278 |
J David Smith Jr Director | Trustee | 4 | $21,700 |
Michael Childers DMD Director | Trustee | 4 | $19,950 |
Rodney A Jackson DMD Chair | OfficerTrustee | 4 | $31,200 |
Diane Cornwell CPA Vice Chair | OfficerTrustee | 4 | $24,700 |
Steve S Reed Director | Trustee | 2 | $21,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta Dental Plan Of Michigan Administrative Services | 12/30/23 | $5,415,223 |
Assured Partners Benefits Consulting | 12/30/23 | $1,050,965 |
Mcgriff Insurance Services Inc Benefits Consulting | 12/30/23 | $1,029,774 |
Skygen Software | 12/30/23 | $913,795 |
Houchens Insurance Group Benefits Consulting | 12/30/23 | $863,635 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $182,112,934 |
| Investment income | $1,822,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$446,105 |
| Net Gain/Loss on Asset Sales | -$1,421,177 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $182,068,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,866,087 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $136,793,897 |
| Compensation of current officers, directors, key employees. | $4,401,415 |
| Compensation of current officers, directors, key employees. | $3,294,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,501,955 |
| Pension plan accruals and contributions | $969,191 |
| Other employee benefits | $1,453,345 |
| Payroll taxes | $618,687 |
| Fees for services: Management | $521,351 |
| Fees for services: Legal | $49,680 |
| Fees for services: Accounting | $107,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,717 |
| Fees for services: Other | $0 |
| Advertising and promotion | $898,331 |
| Office expenses | $2,191,300 |
| Information technology | $1,146,982 |
| Royalties | $0 |
| Occupancy | $1,000,377 |
| Travel | $2,345,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,997 |
| Interest | $57 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,186 |
| Insurance | $122,167 |
| All other expenses | $530,127 |
| Total functional expenses | $182,783,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,725,152 |
| Savings and temporary cash investments | $5,388,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,144,147 |
| 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 | $382,186 |
| Net Land, buildings, and equipment | $15,388,098 |
| Investments—publicly traded securities | $27,743,909 |
| Investments—other securities | $48,478,425 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,575,981 |
| Total assets | $127,826,614 |
| Accounts payable and accrued expenses | $6,180,347 |
| Grants payable | $0 |
| Deferred revenue | $1,642,823 |
| 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 | $13,178,400 |
| Total liabilities | $21,001,570 |
| Net assets without donor restrictions | $106,825,044 |
| 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 | $127,826,614 |
Grants Awarded
Over the last fiscal year, Delta Dental Of Kentucky Inc has awarded $5,613,852 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: SPONSORSHIP - GOLF SCRAMBLE | $10,000 |
BLACK COMPLEX LOUISVILLE PURPOSE: SPONSORSHIP - JUNETEENTH FESTIVAL | $20,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: SPONSORSHIP - GOLF SCRAMBLE | $7,500 |
BOURBON CRUSADERS PURPOSE: SILENT AUCTION-AMERICAN HEART ASSOC | $25,100 |
GREATER LOUISVILLE INC PURPOSE: SPONSORSHIP - GLIDE & TOP INVESTOR RENEWAL | $20,950 |
DELTA DENTAL OF KENTUCKY FOUNDATION PURPOSE: ANNUAL DONATION PROGRAM AND ENDOWMENT FUNDING | $5,325,308 |