Civic Intelligence

The Asclepius Initiative Inc

EIN 87-1965359 • 501(c)3 • Louisville, KY

Profile

Improve the health and economic stability of kentuckians through educating, inspiring, and mobilizing people to advocate for a universally accessible, affordable, equitable, and high-quality healthcare delivery system.

5907 Brittany Valley RdLouisville, KY 40222

asclepiusinitiative.org

Siviq Scores

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

Liabilities / Assets

88th percentile

0.50x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

0.27x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

31st percentile

-9.4%

Higher net margin than 31% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

96th percentile

$73,816

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

29th percentile

-25%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-40%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$194,034

Down $66,046 (-25%) from 2024

Liabilities

Down

$97,600

Down $31,779 (-25%) from 2024

Net Assets

Down

$96,434

Down $34,267 (-26%) from 2024

Operations
Liabilities / Revenue88th percentileNet Margin31st percentile

Revenue

Down

$364,889

Down $248,212 (-40%) from 2024

Expenses

Down

$399,155

Down $92,477 (-19%) from 2024

Net Income

Down

-$34,266

Down $155,735 (-128%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$300K$200K$100K$0Assets 2024: $260,080Liabilities 2024: $129,379Net Assets 2024: $130,7012024Assets 2025: $194,034Liabilities 2025: $97,600Net Assets 2025: $96,4342025

Highlighted filing

2025

Assets$194,034
Liabilities$97,600
Net Assets$96,434
Open 2025 Filing

Operations Trend

Revenue Growth22nd percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2024: $613,101Expenses 2024: $491,632Net Income 2024: $121,4692024Revenue 2025: $364,889Expenses 2025: $399,155Net Income 2025: -$34,2662025

Highlighted filing

2025

Revenue$364,889
Expenses$399,155
Net Income-$34,266
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$194,034
Liabilities
$97,600
Net assets
$96,434
Revenue
$364,889
Expenses
$399,155
Net income
-$34,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.98$0.96$3.65$3.99$0.34
2024Detailed filing. Detailed filing data is available for this year.$2.60$1.29$1.31$6.13$4.92$1.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$364,889
Mission and Program Overview

Mission

Improve the health and economic stability of kentuckians through educating, inspiring, and mobilizing people to advocate for a universally accessible, affordable, equitable, and high-quality healthcare delivery system.

Improve the health and economic stability of Kentuckians through educating, inspiring, and mobilizing people to advocate for a universally accessible, affordable, equitable and high-quality healthcare delivery system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$232,332$0▼ $232,332
Cash and Non-Interest-Bearing Accounts$26,688$194,034▲ $167,346
Prepaid Expenses and Deferred Charges$1,060$0▼ $1,060
Total Assets$260,080$194,034▼ $66,046
Liabilities
Deferred Revenue-$72,595-
Unsecured Notes Loans Payable$75,000$25,000▼ $50,000
Accounts Payable and Accrued Expenses$54,380$5▼ $54,375
Total Liabilities$129,380$97,600▼ $31,780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$130,700$96,434▼ $34,266
Total Net Assets Fund Balance$130,700$96,434▼ $34,266
Total Liabilities and Net Assets / Fund Balance$260,080$194,034▼ $66,046
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Susan BornsteinCEOFT$73,816$73,816

Board Members and Trustees

NameTitle
Kevin PearceChairman
John ChessareVice Chair
Barbara Hadley-SmithDirector
Carole ChristianDirector
Craig BlakelyDirector
Daniel WeberDirector
David BoltDirector
Elizabeth Wessels MartinDirector
Kimberlee TurnerDirector
Kimberly LinkDirector
Lindsay DellaDirector
Martin WesselsDirector
Meredith LambeDirector
Michael GruenthalDirector
Shireen DeobhaktaDirector
Jeffery ZakemSecretary
Steve BargerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$364,889
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$27,736
Change in Net Assets
$-34,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,940
Other Expenses$190,215
Total Fundraising Expense$821
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,999--$107,999
Current Officers, Directors, Trustees, and Key Employees$73,816--$73,816
Advertising$51,941--$51,941
Payroll Taxes$13,896--$13,896
Other Employee Benefits$13,229--$13,229
Office Expenses$5,273--$5,273
Travel$1,442--$1,442
Insurance-$1,005-$1,005
Fees for Services Accounting-$500-$500
Other Expenses$600-$491$491
All Other Expenses$120-$330$450
Fees for Services Other$440--$440
Total Functional Expenses$396,829$1,505$821$399,155
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No

Governance Explanations

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

“Return was prepared by accountant and approved by Finance Committee prior to filing. Full copies were made available to entire Board”

Form 990, Part VI, Section C, line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Asclepius Initiative Inc
EIN
87-1965359
Address
5907 Brittany Valley Rd, Louisville, KY 40222

Signing Officer

Name
Susan Bornstein
Title
CEO
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bornstein
Formed
2021
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
6
Volunteers
0

Preparer

Firm
Strothman&Co dba Innovative Tax Advisors
Address
205 Townepark Circle Ste 200, Louisville, KY 40243
Preparer
Daniel A Weber CPA
Phone
5022445505
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IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0121469
IRS990/PYSalariesCompEmpBnftPaidAmt0280409
IRS990/PYTotalExpensesAmt0491632
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0613101
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-34266
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0311822
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0364889
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0613101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011829
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01005419
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IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0613101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011829
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt015600
IRS990ScheduleA/Total509Grp/TotalAmt01005419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0364889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0613101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt011829
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt015600
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IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Return was prepared by accountant and approved by Finance Committee prior to filing. Full copies were made available to entire Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0194034
IRS990/TotalAssetsGrp/BOYAmt0260080
IRS990/TotalAssetsGrp/EOYAmt0194034
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IRS990/TotalContributionsAmt0364889
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0821
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01505
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0396829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0399155
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IRS990/TotalLiabilitiesBOYAmt0129380
IRS990/TotalLiabilitiesEOYAmt097600
IRS990/TotalLiabilitiesGrp/BOYAmt0129380
IRS990/TotalLiabilitiesGrp/EOYAmt097600
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0130700
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0396829
IRS990/TotalReportableCompFromOrgAmt073816
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0364889
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0260080
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0194034
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01442
IRS990/TravelGrp/TotalAmt01442
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt075000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt025000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05907 Brittany Valley Rd
IRS990/USAddress/CityNm0Louisville
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040222
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0https://asclepiusinitiative.org/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Susan Bornstein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Asclepius Initiative Inc
ReturnHeader/Filer/BusinessNameControlTxt0ASCL

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