Civic Intelligence

Kentucky Health Cooperative Inc

EIN 45-3763404 • 501(c)29 • Stuart, VA

Profile

The organzations mission encompassed outreach to all eligible individuals and groups with a particular focus on population segments previously ignored by other health insurers. Commonly know as the working uninsured. Kyhc was ordered into liquidation january 15, 2016.

PO Box 519Stuart, VA 24171

www.mykyhc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.98x

Higher debt load relative to assets than 94% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

51.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Net Margin

44th percentile

2.9%

Higher net margin than 44% of similar nonprofits.

$10M-$25M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$132,055

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 41.3% of source-year revenue.

$10M-$25M nonprofits • Source year 2024

Asset Growth

22nd percentile

-2.7%

Faster asset growth than 22% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

2.3%

Faster revenue growth than 37% of similar nonprofits.

$10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,770,800

Down $472,986 (-2.7%) from 2023

Liabilities

Down

$16,358,730

Down $482,312 (-2.9%) from 2023

Net Assets

Up

$412,070

Up $9,326 (+2.3%) from 2023

Revenue

Up

$319,984

Up $7,206 (+2.3%) from 2023

Expenses

Down

$310,658

Down $26,632 (-7.9%) from 2023

Net Income

Up

$9,326

Up $33,838 (+138%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$100M$0-$100MAssets 2012: $5,392,676Liabilities 2012: $6,621,024Net Assets 2012: -$1,228,3482012Assets 2013: $24,246,146Liabilities 2013: $15,666,233Net Assets 2013: $8,579,9132013Assets 2014: $174,912,018Liabilities 2014: $109,685,948Net Assets 2014: $65,226,0702014Assets 2015: $73,736,971Liabilities 2015: $124,007,310Net Assets 2015: -$50,270,3392015Assets 2016: $45,549,555Liabilities 2016: $107,204,576Net Assets 2016: -$61,655,0212016Assets 2017: $40,318,550Liabilities 2017: $104,606,867Net Assets 2017: -$64,288,3172017Assets 2018: $45,205,945Liabilities 2018: $90,170,700Net Assets 2018: -$44,964,7552018Assets 2019: $46,923,481Liabilities 2019: $90,031,117Net Assets 2019: -$43,107,6362019Assets 2020: $85,561,818Liabilities 2020: $90,211,471Net Assets 2020: -$4,649,6532020Assets 2021: $90,969,021Liabilities 2021: $90,184,939Net Assets 2021: $784,0822021Assets 2022: $22,196,314Liabilities 2022: $21,769,058Net Assets 2022: $427,2562022Assets 2023: $17,243,786Liabilities 2023: $16,841,042Net Assets 2023: $402,7442023Assets 2024: $16,770,800Liabilities 2024: $16,358,730Net Assets 2024: $412,0702024

Highlighted filing

2024

Assets$16,770,800
Liabilities$16,358,730
Net Assets$412,070

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$200M$0-$200MRevenue 2012: $2,490Expenses 2012: $1,215,671Net Income 2012: -$1,213,1812012Revenue 2013: $103,054Expenses 2013: $7,333,637Net Income 2013: -$7,230,5832013Revenue 2014: $238,914,111Expenses 2014: $289,360,034Net Income 2014: -$50,445,9232014Revenue 2015: $162,273,304Expenses 2015: $277,712,330Net Income 2015: -$115,439,0262015Revenue 2016: $11,419,503Expenses 2016: $12,279,204Net Income 2016: -$859,7012016Revenue 2017: $4,671,595Expenses 2017: $1,745,163Net Income 2017: $2,926,4322017Revenue 2018: $4,214,776Expenses 2018: $1,992,491Net Income 2018: $2,222,2852018Revenue 2019: $2,956,784Expenses 2019: $1,099,665Net Income 2019: $1,857,1192019Revenue 2020: $39,611,774Expenses 2020: $1,153,791Net Income 2020: $38,457,9832020Revenue 2021: $6,895,178Expenses 2021: $1,461,443Net Income 2021: $5,433,7352021Revenue 2022: $225,542Expenses 2022: $582,368Net Income 2022: -$356,8262022Revenue 2023: $312,778Expenses 2023: $337,290Net Income 2023: -$24,5122023Revenue 2024: $319,984Expenses 2024: $310,658Net Income 2024: $9,3262024

Highlighted filing

2024

Revenue$319,984
Expenses$310,658
Net Income$9,326

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 27, 2025
Return Version
2024v5.2
Gross Receipts
$319,984
Mission and Program Overview

Mission

Kentucky health cooperative existed to promote community health and well-being by engaging the members and providers it served in the valued delivery of quality coverage of integrated health care services. The organization's mission encompassed outreach to all eligible individuals and groups with a particular focus on population segments previously ignored by other health insurers. Commonly known as the working uninsured. Khc was ordered into liquidation january 15, 2016.

Kentucky health cooperative existed to promote community health and well-being by engaging the members and providers it served in the valued delivery of quality coverage of integrated health care services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,243,786$16,770,800▼ $472,986
Rtn Earn Endowment Incm Other Fnds$402,744$412,070▲ $9,326
Total Assets$17,243,786$16,770,800▼ $472,986
Liabilities
Other Liabilities$9,778,953$9,224,751▼ $554,202
Accounts Payable and Accrued Expenses$7,062,089$7,133,979▲ $71,890
Total Liabilities$16,841,042$16,358,730▼ $482,312
Net Assets / Fund Balance
Total Net Assets Fund Balance$402,744$412,070▲ $9,326
Total Liabilities and Net Assets / Fund Balance$17,243,786$16,770,800▼ $472,986
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brian Jeremy DunnSenior AccountantFT$132,055$132,055

Board Members and Trustees

NameTitle
Don RoofLiquidator/CEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Brian DunnAccounting11806 E ARBOR DRIVE, Louisville, KY 40223$132,055
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$319,984
Other Revenue
$0
Change in Net Assets
$9,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$147,294-$147,294
Fees for Services Other-$136,080-$136,080
Information Technology$17,409--$17,409
Fees for Services Legal-$6,740-$6,740
Total Functional Expenses$17,409$293,249$0$310,658
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$9,224,751
Claims Unpaid-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The number of voting members of the governing board as of 12/31/24 is reported as zero as the filing organization was ordered into liquidation on 10/29/15 and the kentucky department of insurance was appointed as the rehabilitator. As such, as of 12/31/24, there is a single institutional trustee.

Form 990, Part VI, Section A, Line 3

Kyhc was issued into liquidation in 2016. Under the courts order, the commissioner, as liquidator, is directed to take possession of all assets of kyhc and to administer those assets under the general supervision of the court. The liquidator and his special deputies are authorized to deal with the property, business and affairs of kyhc for the benefit of kyhcs policyholders and creditors, and to take any and all necessary actions to effectuate an orderly and timely liquidation.

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 is reviewed by the depuy liquidator prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

In 2016, kentucky health cooperative was placed in liquidation and the board of directors was dissolved.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Form 990, Part VI, Section A, Line 8

The board of directors was dissolved upon the order of kyhcs liquidation.

Filing and Contact Details

Filer

Filer Name
Kentucky Health Cooperative Inc
EIN
45-3763404
Phone
7703630425
Address
PO Box 519, Stuart, VA 24171

Signing Officer

Name
Donald Roof
Title
Deputy Liquidator
Phone
7703630425
Signed
2025-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Roof
Formed
2011
Legal Domicile
Ky
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Quantum Consulting and Accounting Resources LLC
Address
PO BOX 519, STUART, VA 24171
Preparer
Bradley Hazelwood
Phone
2766943806
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

Kentucky health cooperative, incs west virginia license was surrendered in 2015.

Form 990, Part IX, Line 11G

Contract payments were 132,055. The cooperative is in liquidation and therefore, the majority of expenses incurred are related to the administration of the liquidation process.

Raw XML Appendix297 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0KENTUCKY HEALTH COOPERATIVE EXISTED TO PROMOTE COMMUNITY HEALTH AND WELL-BEING BY ENGAGING THE MEMBERS AND PROVIDERS IT SERVED IN THE VALUED DELIVERY OF QUALITY COVERAGE OF INTEGRATED HEALTH CARE SERVICES.
IRS990/AdvertisingGrp/TotalAmt00
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IRS990/BooksInCareOfDetail/PersonNm0DON ROOF
IRS990/BooksInCareOfDetail/PhoneNum04048166188
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IRS990/BooksInCareOfDetail/USAddress/CityNm0STUART
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IRS990/CYBenefitsPaidToMembersAmt00
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IRS990/CYInvestmentIncomeAmt0319984
IRS990/CYOtherExpensesAmt0310658
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IRS990/CYRevenuesLessExpensesAmt09326
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IRS990/CYTotalRevenueAmt0319984
IRS990/DAFExcessBusinessHoldingsInd0false
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IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0KENTUCKY HEALTH COOPERATIVE, INC IS A CONSUMER GOVERNED, PRIVATE, NONPROFIT HEALTH INSURANCE ENTITY FOR THE PURPOSE OF ESTABLISHING A QUALIFIED NOT-FOR-PROFIT HEALTH INSURANCE ISSUER TO OFFER QUALIFIED HEALTH PLANS PRIMARILY IN THE INDIVIDUAL AND SMALL GROUP MARKETS IN THE COMMONWEALTH OF KENTUCKY IN ACCORDANCE WITH THE PROVISIONS OF THE PATIENT PROTECTION AND AFFORDABLE CARE ACT ENACTED ON MARCH 23, 2010. THE COOPERATIVE IS SUBJECT TO INSURANCE LAWS AND REGULATIONS OF THE KENTUCKY DEPARTMENT OF INSURANCE. DURING 2024, THE COMPANY DID NOT INSURE ANY MEMBERS AS THE FILING ORGANIZATION WAS ORDERED INTO LIQUIDATION IN 2016.
IRS990/DescribedInSection501c3Ind0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt017409
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06740
IRS990/FeesForServicesLegalGrp/TotalAmt06740
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0136080
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IRS990/ForeignActivitiesInd0false
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IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0DON ROOF
IRS990/Form990PartVIISectionAGrp/PersonNm1BRIAN JEREMY DUNN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1132055
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0LIQUIDATOR/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SENIOR ACCOUNTANT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0319984
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
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IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0319984
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt021
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IRS990/LegalDomicileStateCd0KY
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
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IRS990/MissionDesc0THE ORGANZATIONS MISSION ENCOMPASSED OUTREACH TO ALL ELIGIBLE INDIVIDUALS AND GROUPS WITH A PARTICULAR FOCUS ON POPULATION SEGMENTS PREVIOUSLY IGNORED BY OTHER HEALTH INSURERS. COMMONLY KNOW AS THE WORKING UNINSURED. KYHC WAS ORDERED INTO LIQUIDATION JANUARY 15, 2016.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/Organization501cInd0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS UNPAID
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KENTUCKY HEALTH COOPERATIVE, INCS WEST VIRGINIA LICENSE WAS SURRENDERED IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NUMBER OF VOTING MEMBERS OF THE GOVERNING BOARD AS OF 12/31/24 IS REPORTED AS ZERO AS THE FILING ORGANIZATION WAS ORDERED INTO LIQUIDATION ON 10/29/15 AND THE KENTUCKY DEPARTMENT OF INSURANCE WAS APPOINTED AS THE REHABILITATOR. AS SUCH, AS OF 12/31/24, THERE IS A SINGLE INSTITUTIONAL TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KYHC WAS ISSUED INTO LIQUIDATION IN 2016. UNDER THE COURTS ORDER, THE COMMISSIONER, AS LIQUIDATOR, IS DIRECTED TO TAKE POSSESSION OF ALL ASSETS OF KYHC AND TO ADMINISTER THOSE ASSETS UNDER THE GENERAL SUPERVISION OF THE COURT. THE LIQUIDATOR AND HIS SPECIAL DEPUTIES ARE AUTHORIZED TO DEAL WITH THE PROPERTY, BUSINESS AND AFFAIRS OF KYHC FOR THE BENEFIT OF KYHCS POLICYHOLDERS AND CREDITORS, AND TO TAKE ANY AND ALL NECESSARY ACTIONS TO EFFECTUATE AN ORDERLY AND TIMELY LIQUIDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS REVIEWED BY THE DEPUY LIQUIDATOR PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2016, KENTUCKY HEALTH COOPERATIVE WAS PLACED IN LIQUIDATION AND THE BOARD OF DIRECTORS WAS DISSOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS WAS DISSOLVED UPON THE ORDER OF KYHCS LIQUIDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRACT PAYMENTS WERE 132,055. THE COOPERATIVE IS IN LIQUIDATION AND THEREFORE, THE MAJORITY OF EXPENSES INCURRED ARE RELATED TO THE ADMINISTRATION OF THE LIQUIDATION PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 11G
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DONALD ROOF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DEPUTY LIQUIDATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07703630425
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KENTUCKY HEALTH COOPERATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0KENT
ReturnHeader/Filer/EIN0453763404
ReturnHeader/Filer/PhoneNum07703630425
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843554181
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0QUANTUM CONSULTING AND ACCOUNTING RESOURCES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 519
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STUART
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ReturnHeader/PreparerPersonGrp/PhoneNum02766943806
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRADLEY HAZELWOOD
ReturnHeader/ReturnTs02025-06-27T08:09:31-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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