Hayswood Health Services Inc
- Assets
- $2.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Maysville, KY
- Founding
- 09/1983
- Data as of
- 06/2023
- EIN
- 61-1013557
Organization Overview
Hayswood Health Services Inc is located in Maysville, KY. The organization was established in 1983. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 06/2023, Hayswood Health Services Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hayswood Health Services 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 06/2023, Hayswood Health Services Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE SERVICES TO INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME HEALTH PROGRAMS - SKILLED NURSING, NURSES AIDES, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES PROVIDED TO PATIENTS IN THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ross President | OfficerTrustee | 1 | $0 |
Rod Baker Vice President | OfficerTrustee | 1 | $0 |
Rick Lawrence Board Member | Trustee | 1 | $0 |
Johnathan Gay Board Member | Trustee | 1 | $0 |
Wm David Green Board Member | Trustee | 1 | $0 |
Judy Vance Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $539,269 |
| 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 | $539,269 |
| Total Program Service Revenue | $1,799,409 |
| Investment income | $33,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,576 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,381,190 |
| 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. | $151,710 |
| Compensation of current officers, directors, key employees. | $54,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,142,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,446 |
| Payroll taxes | $95,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $131 |
| Fees for services: Accounting | $40,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,997 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $105,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,601 |
| Travel | $132,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,271 |
| Interest | $3,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,042 |
| Insurance | $25,558 |
| All other expenses | $25,462 |
| Total functional expenses | $2,132,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,459 |
| Savings and temporary cash investments | $147,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $653,778 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,326 |
| Prepaid expenses and deferred charges | $12,207 |
| Net Land, buildings, and equipment | $96,745 |
| Investments—publicly traded securities | $1,105,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,067,981 |
| Accounts payable and accrued expenses | $100,444 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,500 |
| Total liabilities | $201,944 |
| Net assets without donor restrictions | $1,866,037 |
| 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 | $2,067,981 |