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Nonprofit · EIN 61-0523298

GRAYSON CO HOSPITAL FOUNDATION INC

Tax-exempt · LEITCHFIELD, KY 42754

Financials

$836K$323K2023$1.1M$6.3M2024$809K$3.1M2025
Revenue Expenses · by fiscal year end
Financials of GRAYSON CO HOSPITAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2026990$808,613$3,138,806-$2,330,193$938,758$619,549$319,209
June 30, 2025990$1,064,214$6,276,336-$5,212,122$3,268,951$619,549$2,649,402
June 30, 2024990$836,378$323,233$513,145$9,132,072$1,270,548$7,861,524
Financial details: 990 for the year ended June 30, 2026

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$36,649
Other revenue
$771,964

Expenses

Grants and similar amounts paid
$2,958,414
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$3,109,529
Management and general (functional)
$29,277

Balance sheet and other

Total assets, start of year
$3,268,951
Total assets, end of year
$938,758
Total liabilities, end of year
$619,549
Net assets, end of year
$319,209
Net assets without donor restrictions
$319,209
Gross receipts
$808,613
Employees
0
Year formed
1956
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2026, highest compensation first.

NameTitleHours / weekCompensation
DAVID DOWNSVICE-PRESIDE
Trustee or director
1$0
DENNIS FENTRESSDIRECTOR
Trustee or director
1$0
EDWIN MCKINNEYSECRETARY/TR
Trustee or director
1$0
BRETT ABNEY ODDIRECTOR
Trustee or director
1$0
TREVOR RAYPRESIDENT
Trustee or director
1$0
990 for the year ended June 30, 2025: 5 people
NameTitleHours / weekCompensation
DAVID DOWNSVICE-PRESIDE
Trustee or director
1$0
DENNIS FENTRESSDIRECTOR
Trustee or director
1$0
EDWIN MCKINNEYSECRETARY/TR
Trustee or director
1$0
BRETT ABNEY ODDIRECTOR
Trustee or director
1$0
TREVOR RAYPRESIDENT
Trustee or director
1$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
DAVID DOWNSVICE-PRESIDE
Trustee or director
1$0
DENNIS FENTRESSDIRECTOR
Trustee or director
1$0
EDWIN MCKINNEYSECRETARY/TR
Trustee or director
1$0
BRETT ABNEY ODDIRECTOR
Trustee or director
1$0
TREVOR RAYPRESIDENT
Trustee or director
1$0

Address and contacts

Address (IRS master file)
130 E MARKET ST, LEITCHFIELD, KY 42754-1439
In care of
% MANDY BRYANT CPP
Principal officer (990 for 2025)
TREVOR RAY, 130 E MARKET ST, LEITCHFIELD, KY 42754
Signed the 990
TREVOR RAY, PRESIDENT
Phone
(270) 259-3159
Return prepared by
BUCKLES TRAVIS & HART PLLC

Mission

TO PROVIDE QUALITY MEDICAL HEALTHCARE TO THE GRAYSON COUNTY, KENTUCKY AREA.

990 for the year ended June 30, 2026

Program accomplishments

  • TWIN LAKES REGIONAL MEDICAL CENTER PROVIDES QUALITY MEDICAL HEALTH CARE SERVICES TO PATIENTS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR THE ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND FINANCIAL STABILITY OF TWIN LAKES REGIONAL MEDICAL CENTER, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES. IN KEEPING WITH OUR COMMITMENT TO SERVE ALL MEMBERS OF THIS AREA, THE HOSPITAL PROVIDES FREE CARE TO THE MOST INDIGENT OF PATIENTS AND WRITES OFF PORTIONS OF BILLS TO OTHER PATIENTS WHO HAVE DEMONSTRATED THE INABILITY TO PAY FOR ALL HEALTH CARE SERVICES RECEIVED. A LETTER OF INTENT WAS SIGNED ON APRIL 13, 2020 TO TRANSFER THE OPERATING ASSETS OF THE GRAYSON COUNTY HOSPITAL FOUNDATION, INC. (THE "HOSPITAL") AND THE TWIN LAKES MEDICAL FOUNDATION, INC. TO OWENSBORO HEALTH, INC., A NOT FOR PROFIT HEALTH SYSTEM. THE TRANSACTION WAS FINALIZED AND BECAME EFFECTIVE JANUARY 1, 2021. UNDER THE TERMS OF THE AGREEMENT, A PORTION OF THE PROCEEDS WERE USED TO SATISFY THE OUTSTANDING BONDS ISSUED BY THE GRAYSON COUNTY PUBLIC HOSPITAL DISTRICT CORPORATION (THE "CORPORATION"). UPON THE DEFEASANCE OF THE BONDS, THE LAND AND FACILITIES OWNED BY THE CORPORATION WERE TRANSFERRED TO A NEW CORPORATION FORMED BY OWENSBORO HEALTH, OWENSBORO HEALTH TWIN LAKES REGIONAL MEDICAL CENTER, INC., TO OPERATE THE HOSPITAL. THE NET PROCEEDS FROM THE TRANSACTION AND RETAINED ASSETS WERE TRANSFERRED TO THE GRAYSON COUNTY HEALTHCARE FOUNDATION, INC., A NEW NOT FOR PROFIT CORPORATION FORMED TO PROVIDE GRANTS AND SUPPORT HEALTHCARE IN THE COUNTY. AFTER CURRENT OBLIGATIONS ARE FULFILLED, IT IS MANAGEMENT'S INTENT TO DISSOLVE THIS ENTITY; HOWEVER, THE TIME FRAME FOR THE DISSOLUTION IS UNCERTAIN AT THIS TIME.
    Expenses $3,109,529 · grants $2,958,414

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026990 on file
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
61-0523298
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1959
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E22I)
Assets (IRS master file)
$938,758
Income (IRS master file)
$808,613

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2026$808,613$3,138,806$938,758XML
990June 2025$1,064,214$6,276,336$3,268,951XML
990June 2024$836,378$323,233$9,132,072XML
990June 2023$260,133$606,878$8,670,057IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0523298).

Questions about GRAYSON CO HOSPITAL FOUNDATION INC

What is the EIN of GRAYSON CO HOSPITAL FOUNDATION INC?
The employer identification number (EIN) of GRAYSON CO HOSPITAL FOUNDATION INC is 61-0523298.
Is GRAYSON CO HOSPITAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
Are donations to GRAYSON CO HOSPITAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GRAYSON CO HOSPITAL FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GRAYSON CO HOSPITAL FOUNDATION INC due?
The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GRAYSON CO HOSPITAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2026.
Who is the principal officer of GRAYSON CO HOSPITAL FOUNDATION INC?
The 990 for the year ended June 30, 2026 names TREVOR RAY.
Who are the officers and directors of GRAYSON CO HOSPITAL FOUNDATION INC?
The 990 for the year ended June 30, 2026 lists 5 people; 0 received compensation from the organization.
How much revenue does GRAYSON CO HOSPITAL FOUNDATION INC have?
On its 990 for the year ended June 30, 2026 it reported revenue of $808,613, expenses of $3,138,806 and total assets of $938,758 at year end.

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