Kentucky · Nonprofit
XLERATE HEALTH INC
XLERATE HEALTH INC (Kentucky) receives grants from 5 organizations whose IRS filings report $1,372,500 to it, the largest being CHARLES STEWART MOTT FOUNDATION ($1,292,500). 2 of them have funded it in more than one year.
- Revenue FY2025
- $0
- Funders on record
- 5
- Grants received
- $1.4M
- Net assets
- $309k
What Xlerate Health Inc does
Mission
To cultivate and grow impactful healthcare innovation in regions where promising ideas often go unrecognized and underfunded. The organization advances this mission through the operation of a business accelerator program that provides educational resources, mentorship, and training to entrepreneurs developing early stage healthcare companies.
As stated on its FY2025 Form 990.
Programs
On its FY2025 return the organization reported starting a significant new program and a significant change in how it conducts a program.
During the fiscal year, the organization undertook a strategic partnership development phase to strengthen and scale its future mission driven activities. This included developing new program concepts, cultivating relationships with academic, clinical, and industry partners, and advancing a pipeline of funding opportunities through grant proposal development. These efforts were conducted in a limited, non expenditure intensive capacity. Despite minimal financial expenditures, the work reflects continued progress toward future program implementation aligned with the organizations mission.
Its own explanation, from Schedule O of that return (Part III, line 2).
Following the conclusion of prior grant-funded programming, the organization implemented a planned transition in how it conducts its program services. During the fiscal year, activities shifted from direct program delivery to a development-focused approach, resulting in minimal program-related expenditures. This transition was undertaken to strengthen the organizations capacity to deliver scalable, high-impact programs in future periods.
Its own explanation, from Schedule O of that return (Part III, line 3).
The organization continued to build and maintain a healthcare innovation ecosystem through ongoing engagement with hospital systems, healthcare payers, pharmaceutical and medical device companies, universities, and healthcare-focused venture firms. During the fiscal year, activities focused on convening stakeholders, strengthening relationships, and identifying opportunities for future collaboration in healthcare innovation and commercialization. For example, the organization engaged regional partners to explore the development of a health technology innovation pipeline and a real-world testing environment to support validation and adoption of emerging solutions. These activities were primarily strategic in nature and required minimal financial expenditures but are foundational to enabling future program delivery.
The organization continued to advance its charitable purpose of entrepreneurial education in healthcare and related sectors through the development of educational offerings. Activities included designing healthcare design thinking programs for undergraduate and graduate students, developing a continuing education CEU course for clinicians, and creating supporting content modules. During the fiscal year, efforts focused on curriculum development and preparation for future implementation, including structuring content to support training in healthcare innovation and commercialization for academic and clinical audiences. These activities were developmental in nature and required minimal financial expenditures during the year but are expected to support expanded program delivery in subsequent periods.
$6,000 spent65% of program spendingThe organization maintained engagement with its portfolio companies through relationship-based support and ongoing communication. Activities included facilitating introductions to key stakeholders and maintaining connections to support long-term commercialization and growth. During the fiscal year, these efforts were limited in scope and conducted in a non-compensated, non-expenditure-intensive capacity. While financial expenditures were minimal, the organization continued to provide value through connectivity and ecosystem access aligned with its mission.
$3,227 spent35% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $9,227.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $727k to $288k (−60%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 93% · 2018 97% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% · 2024 100%. Grants only. Government contracts and fees sit inside program revenue.
0% of XLERATE HEALTH INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (77% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jacqueline Willmot
Chief executive officer
Board chair
Robert Saunders
Executive chairman director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $285k → $118k.
3 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of XLERATE HEALTH INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
XLERATE HEALTH INC leans on a few funders — its largest provides 94% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 82% · 2018 50% · 2019 98% · 2020 100% · 2021 94% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
XLERATE HEALTH INC draws 100% of its grant income from funders outside Kentucky, across 1 state in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $30k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
XLERATE HEALTH INC has grown faster than half of the 6,328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 6,328 community improvement nonprofits under $100k, FY2025
Government funding XLERATE HEALTH INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.4M on record.
- Department of Health and Human Services$8.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like XLERATE HEALTH INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
74% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for XLERATE HEALTH INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds XLERATE HEALTH INC?
- XLERATE HEALTH INC (Kentucky) receives grants from 5 organizations whose IRS filings report $1,372,500 to it, the largest being CHARLES STEWART MOTT FOUNDATION ($1,292,500). 2 of them have funded it in more than one year.
- How many funders does XLERATE HEALTH INC have?
- IRS filings report 5 organizations giving $1,372,500 in grants to XLERATE HEALTH INC, 2 of which have funded it in more than one year.
- Who is the largest funder of XLERATE HEALTH INC?
- CHARLES STEWART MOTT FOUNDATION is the largest funder on record, with $1,292,500 in grants. The full list of funders is on this page.
- How can an organization like XLERATE HEALTH INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Xlerate Health →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing