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Twin Lakes Medical Foundation

Twin Lakes Medical Foundation

Leitchfield, KY 42754
Tax ID61-1269278

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About this organization

Revenue

$5,046,134

Expenses

$8,864,274

Mission

PROVIDING OF HEALTHCARE FOR THE REGION

About

TWIN LAKES MEDICAL FOUNDATION, INC. (FOUNDATION) IS A NOT-FOR-PROFIT ENTITY ESTABLISHED FOR THE RECRUITMENT AND RETENTION OF QUALIFIED MEDICAL PROFESSIONALS IN WHAT WAS A FEDERALLY DESIGNATED RURAL HEALTH PROFESSIONAL SHORTAGE AREA (HPSA). ITS PRIMARY PURPOSE IS TO PROVIDE MANAGEMENT, SUPPORT SERVICES AND EXPERTISE THAT IS OFTEN UNAVAILABLE TO SOLO PRACTITIONERS IN RURAL AREAS. THE FOUNDATION PROPOSES TO SERVE ALL RESIDENTS OF THE COMMUNITIES WHERE AMBULATORY CLINICS ARE LOCATED. PATIENTS WILL BE SERVED REGARDLESS OF RACE, SEX, RELIGION, PHYSICAL OR MENTAL HANDICAP, NATIONAL ORIGIN OR INCOME LEVEL. PHYSICIANS EMPLOYED BY THE FOUNDATION AGREE THAT THEY WILL NOT DISCRIMINATE AGAINST INDIVIDUAL PATIENTS BASED ON THE ABILITY TO PAY AT ANY CLINIC SITE OR AFFILIATED HOSPITAL. THE FOUNDATION PARTICIPATES IN A NONDISCRIMINATORY MANNER IN ALL FEDERAL AND STATE PROGRAMS INCLUDING BUT NOT LIMITED TO THE FOLLOWING: MEDICARE, MEDICAID, PASSPORT (A STATE MANAGED CARE PROGRAM FOR MEDICAID ELIGIBLE), OR OTHER THIRD PARTY PAYERS. IT IS THE POLICY OF THE ORGANIZATION THAT ALL PATIENTS WHO CAN AFFORD TO PAY FOR HEALTH SERVICES SHOULD PAY FOR SERVICES. NO PATIENT WILL BE DENIED EMERGENCY SERVICES. FOR THOSE PATIENTS WHO CAN NOT AFFORD TO PAY, THE FOUNDATION OFFERS A FINANCIAL ASSISTANCE PROGRAM TO THOSE THAT QUALIFY. DURING THE FISCAL YEAR ENDING JUNE 30, 2019, TWIN LAKES MEDICAL FOUNDATION, INC. HAD 54,155 PATIENT VISITS, INCLUDING BOTH OFFICE AND HOSPITAL VISITS. CHARGES WRITTEN OFF DUE TO AGREEMENTS WITH MEDICARE, MEDICAID, AND OTHER THIRD PARTIES AMOUNTED TO 6,988,390 FOR FISCAL YEAR 2019. ADDITIONAL CHARGES FOREGONE TO CHARITY CARE TOTALED 92,221. WRITE-OFFS FROM PATIENTS "UNWILLING" TO PAY (BAD DEBTS) TOTALED 298,240.

Interesting data from their 2020 990 filing

The non-profit's mission is outlined in the filing as being “Providing of healthcare for the region”.

When outlining its responsibilities, they were referred to as: “Providing of healthcare for the region”.

  • The state in which the non-profit operates has been officially reported as KY.
  • The filing reveals the non-profit's address in 2020 to be 910 WALLACE AVE, LEITCHFIELD, KY, 42754.
  • As per the non-profit's form for 2020, they have 112 employees on their payroll.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$3,818,140.
  • The CEO compensation scheme within the organization is not based on a review and endorsement by an impartial party.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 5 independent voting members.
  • The organization was formed in 1994.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $6,105,376 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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