Kindred Employee Assistance Fund Inc
Kindred Employee Assistance Fund Inc. shows volatile financial performance with significant deficits in recent years and a sharp decline in assets.
EIN: 201964646 · Louisville, KY · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $3K |
| Transparency Score | 70/100 |
Is Kindred Employee Assistance Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kindred Employee Assistance Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kindred Employee Assistance Fund Inc
Kindred Employee Assistance Fund Inc (EIN: 201964646) is a nonprofit organization based in Louisville, KY, classified under NTEE code P60. The organization reported total revenue of $123K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kindred Employee Assistance Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kindred Employee Assistance Fund Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-791,286 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | -291.2% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Kindred Employee Assistance Fund Inc reported a deficit of $791K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Kindred Employee Assistance Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.1% | +261.1% | -99.6% |
| 2022 | -30.0% | -34.4% | -10.2% |
| 2021 | -60.0% | +42.2% | -15.1% |
| 2020 | +216.5% | +31.7% | +65.5% |
| 2019 | -73.4% | -81.1% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kindred Employee Assistance Fund Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kindred Employee Assistance Fund Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $791K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kindred Employee Assistance Fund Inc's IRS 990 filings:
- Significant deficit in 2023 ($791,286, with expenses of $1,063,007 against revenue of $271,721).
- Dramatic decline in assets from $793,503 in 2022 to $3,217 in 2023.
- Highly volatile revenue and expense patterns over the past decade, indicating potential financial instability.
Strengths
The following positive indicators were identified for Kindred Employee Assistance Fund Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong ethical governance.
- No reported liabilities across all available filings, suggesting good financial management regarding debt.
- Focus on program delivery, as implied by the lack of executive compensation and the nature of an 'Employee Assistance Fund'.
Frequently Asked Questions about Kindred Employee Assistance Fund Inc
Is Kindred Employee Assistance Fund Inc a legitimate charity?
Kindred Employee Assistance Fund Inc (EIN: 201964646) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $123K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Kindred Employee Assistance Fund Inc spend its money?
Kindred Employee Assistance Fund Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kindred Employee Assistance Fund Inc tax-deductible?
Kindred Employee Assistance Fund Inc is registered as a tax-exempt nonprofit (EIN: 201964646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kindred Employee Assistance Fund Inc's spending goes to programs?
Kindred Employee Assistance Fund Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kindred Employee Assistance Fund Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Kindred Employee Assistance Fund Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kindred Employee Assistance Fund Inc located?
Kindred Employee Assistance Fund Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 201964646. It is classified under NTEE code P60.
How many years of IRS 990 filings does Kindred Employee Assistance Fund Inc have?
Kindred Employee Assistance Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $123K in total revenue.
Why did Kindred Employee Assistance Fund Inc.'s assets decrease so dramatically from $793,503 in 2022 to $3,217 in 2023?
The significant drop in assets from 2022 to 2023 is a critical point for understanding the organization's financial health and sustainability. This could be due to substantial program expenditures, investment losses, or the transfer/sale of assets. Further details from their full IRS 990 filing would be needed to pinpoint the exact reason.
How does the organization manage its significant revenue and expense fluctuations, such as the large deficit in 2023?
The organization experiences considerable swings in its financial performance, with expenses exceeding revenue by over $790,000 in 2023. Understanding their financial planning and reserve strategies to manage these deficits and ensure ongoing operations is crucial.
What is the primary source of Kindred Employee Assistance Fund Inc.'s funding, given the revenue volatility?
With revenue ranging from $123,246 to $1,391,140 over the years, identifying the main funding streams (e.g., grants, donations, corporate support) would help assess the stability and diversity of their income.
Filing History
IRS 990 filing history for Kindred Employee Assistance Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kindred Employee Assistance Fund Inc's revenue has declined by 69.4%, moving from $888K to $272K. Total assets decreased by 99.8% over the same period, from $1.7M to $3K. Total functional expenses rose by 71.8%, from $619K to $1.1M. In its most recent filing year (2023), Kindred Employee Assistance Fund Inc reported a deficit of $791K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $272K | $1.1M | $3K | $0 | — | — |
| 2022 | $204K | $294K | $794K | $0 | — | — |
| 2021 | $291K | $449K | $884K | $0 | — | View 990 |
| 2020 | $728K | $316K | $1.0M | $0 | — | View 990 |
| 2019 | $230K | $240K | $629K | $0 | — | View 990 |
| 2018 | $864K | $1.3M | $639K | $0 | — | View 990 |
| 2017 | $786K | $1.8M | $1.0M | $0 | — | View 990 |
| 2016 | $1.4M | $1.0M | $2.1M | $0 | — | View 990 |
| 2015 | $497K | $535K | $1.7M | $0 | — | View 990 |
| 2014 | $541K | $541K | $1.7M | $0 | — | View 990 |
| 2013 | $720K | $765K | $1.7M | $0 | — | View 990 |
| 2012 | $1.1M | $987K | $1.8M | $0 | — | View 990 |
| 2011 | $888K | $619K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $272K, expenses of $1.1M, and assets of $3K (revenue +33.1% year-over-year).
- 2022: Revenue of $204K, expenses of $294K, and assets of $794K (revenue -30.0% year-over-year).
- 2021: Revenue of $291K, expenses of $449K, and assets of $884K (revenue -60.0% year-over-year).
- 2020: Revenue of $728K, expenses of $316K, and assets of $1.0M (revenue +216.5% year-over-year).
- 2019: Revenue of $230K, expenses of $240K, and assets of $629K (revenue -73.4% year-over-year).
- 2018: Revenue of $864K, expenses of $1.3M, and assets of $639K (revenue +9.9% year-over-year).
- 2017: Revenue of $786K, expenses of $1.8M, and assets of $1.0M (revenue -43.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.0M, and assets of $2.1M (revenue +179.7% year-over-year).
- 2015: Revenue of $497K, expenses of $535K, and assets of $1.7M (revenue -8.1% year-over-year).
- 2014: Revenue of $541K, expenses of $541K, and assets of $1.7M (revenue -24.8% year-over-year).
- 2013: Revenue of $720K, expenses of $765K, and assets of $1.7M (revenue -34.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $987K, and assets of $1.8M (revenue +24.5% year-over-year).
- 2011: Revenue of $888K, expenses of $619K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kindred Employee Assistance Fund Inc:
Data Sources and Methodology
This transparency report for Kindred Employee Assistance Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.