Louisville Healthcare Ceo Council Inc
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Louisville, KY
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-3835653
Organization Overview
Louisville Healthcare Ceo Council Inc is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, Louisville Healthcare Ceo Council Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Healthcare Ceo Council 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 12/2022, Louisville Healthcare Ceo Council Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 38.9% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LHCC IS DEDICATED TO THE PROMOTION OF HEALTHCARE AND HAVE COME TOGETHER TO BRING THEIR RESOURCES AND EXPERTISE TO THIS ORGANIZATION, WHICH IS DEDICATED TO A) PROMOTING HEALTHCARE FOR SENIORS, B) PROMOTING LOUISVILLE AND JEFFERSON COUNTY, KENTUCKY, AS AMERICA'S "HEALTHCARE AGING INNOVATION CAPITOL" (THE COUNTRY'S LARGEST CLUSTER OF AGING INNOVATION BUSINESSES), C)PROMOTING ECONOMIC DEVELOPMENT IN THE REGION AND STATE, INCLUDING THROUGH EMPLOYMENT, AND ENTREPRENEURIAL OPPORTUNITIES D) SOLVE NATIONAL HEALTHCARE CHALLENGES RELATED TO AN AGING DEMOGRAPHIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN LHCC'S EFFORTS TO STIMULATE ECONOMIC DEVELOPMENT AROUND LOUISVILLE'S STRENGTH IN THE HEALTHCARE AGING INNOVATION SECTOR LHCC HOSTED AN ARRAY OF EVENTS. 1) THE LHCC 2022 AGING INNOVATION GLOBAL HEALTHCARE SUMMIT WAS LAUNCHED TO HIGHLIGHT SYSTEMS-LEVEL APPROACHES TO INNOVATION IN HEALTHCARE. PARTICULARLY THOSE RELEVANT IN PREPARING OUR HEALTHCARE SYSTEM TO ACCOMMODATE AN INCREASING OLDER ADULT DEMOGRAPHIC. OUR 2022 FOCUS WAS ON PATIENT ENGAGEMENT AND EDUCATION. LHCC COMPLETED DISCOVERY LABS WITHIN EACH OF ITS COUNCIL MEMBER COMPANIES TO UNCOVER GAPS AND HEALTHCARE CHALLENGES RELATED TO PATIENT ENGAGEMENT AND EDUCATION. THESE FINDINGS FROM OUR DISCOVERY LABS HELPED SHAPE THE AGENDA WHERE LHCC CEOS AND THOUGHT LEADERS DISCUSSED VIA KEYNOTES AND PANEL SESSIONS. ATTENDEES INCLUDED HEALTHCARE THOUGHT LEADERS INNOVATORS, C-LEVEL EXECUTIVES AND VENTURE CAPITALISTS. 2) THE CARETECH PITCH COMPETITION. THE COMPETITION WAS HELD AS PART OF THE OPTIMIZE CONFERENCE, HOSTED BY AGING 2.0 AND CEOC THE LOUISVILLE HEALTHCARE CEO COUNCIL. THE TWO-DAY EVENT, HELD AT CHURCHILL DOWNS, FOCUSED ON USING TECH TO IMPROVE THE OUTCOMES OF OLDER ADULTS AND OPTIMIZING AGING CARE.3) IN 2022 LHCC WAS SELECTED TO RECEIVE A $40 MILLION FEDERAL GRANT. PART OF THIS GRANT WAS TO DEVELOP A CENTER FOR HEALTHCARE WORKFORCE INNOVATION (A.K.A. HEALTH CAREER LAB). THIS PROGRAM TRAINS NONHEALTHCARE INDIVIDUALS WITH HEALTHCARE SKILLS AND THEN HELPS PLACE THEM IN LHCC MEMBER COMPANIES AND HELPS REMOVE BARRIERS TO WORKING IN THE HEALTHCARE INDUSTRY. THE PROGRAM ALSO TRAINS HEALTHCARE EMPLOYEES WITH ADDITIONAL JOB SKILLS FOR UPWARD MOBILITY.
THE LHCC AND AGING 2.0 LAUNCHED THEIR STRATEGIC PARTNERSHIP IN 2020 BY CO-HOSTING A GLOBAL INNOVATION SEARCH FOR SOLUTIONS THAT ADDRESS SOCIAL ISOLATION AND LONELINESS AMONG OLDER ADULTS. CEOC ACQUIRED AGING 2.0 IN 2022 AND MOVED THE HEADQUARTERS FROM SAN FRANCISCO TO LOUISVILLE, KENTUCKY BROADENING OUR RESOURCES, NETWORK AND ENGAGEMENT. AGING 2.0 IS AN INTERNATIONAL, INTERDISCIPLINARY AND INTER-GENERATIONAL COMMUNITY WITH A GLOBAL AUDIENCE OF OVER 40K+ PEOPLE ACROSS 31 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy York Day President/ceo | Officer | 50 | $434,210 |
Gerard Colman Board Chair | Trustee | 1 | $0 |
E Joseph Steier Treasurer | Trustee | 1 | $0 |
Dr Cedric Francois Secretary | Trustee | 1 | $0 |
Russell Cox Member Of The Board | Trustee | 1 | $0 |
David Cook Member Of The Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Productive Edge Information Technology Services | 12/30/21 | $165,000 |
Ymi Inc Event Planning | 12/30/21 | $135,000 |
Lucas Group Information Technology Services | 12/30/21 | $111,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,265,362 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,124,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,389,679 |
| Total Program Service Revenue | $92,197 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $99,218 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,094 |
| 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. | $441,111 |
| Compensation of current officers, directors, key employees. | $66,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $446,073 |
| Pension plan accruals and contributions | $22,072 |
| Other employee benefits | $37,893 |
| Payroll taxes | $54,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,442 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $687,184 |
| Advertising and promotion | $107,097 |
| Office expenses | $23,648 |
| Information technology | $176,200 |
| Royalties | $0 |
| Occupancy | $204,445 |
| Travel | $14,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,602 |
| Interest | $5,885 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,829 |
| Insurance | $4,880 |
| All other expenses | $12,103 |
| Total functional expenses | $3,168,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $497,784 |
| Accounts receivable, net | $0 |
| 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 | $127,147 |
| Net Land, buildings, and equipment | $513,247 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,409,382 |
| Accounts payable and accrued expenses | $396,213 |
| Grants payable | $0 |
| Deferred revenue | $1,003,284 |
| 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 | $625,323 |
| Other liabilities | $0 |
| Total liabilities | $2,024,820 |
| Net assets without donor restrictions | -$615,438 |
| 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 | $1,409,382 |