GRAYSON COUNTY HOSPITAL FOUNDATION (EIN 610523298) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

TREVOR RAY

Phone

2702593159

Tax Period

2024-07-01 to 2025-06-30

GRAYSON COUNTY HOSPITAL FOUNDATION, founded in 1956, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $6.3M exceeded revenue, resulting in a 490% operating deficit.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $309,656

Other Revenue $754,558

TOTAL REVENUE $1,064,214

Expense Breakdown

Grants Paid $6,154,222

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,270,167

Other Expenses $122,114

TOTAL EXPENSES $6,276,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,064,214	$836,378	+0.3%
Expenses	$6,276,336	$323,233	+18.4%
Net Income	$-5,212,122	$513,145	-11.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOWNS	VICE-PRESIDE	1.00	Director	$0	$0	$0
DENNIS FENTRESS	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN MCKINNEY	SECRETARY/TR	1.00	Director	$0	$0	$0
BRETT ABNEY OD	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR RAY	PRESIDENT	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,064,214	$6,276,336	$3,268,951	$-5,212,122
2024	$836,378	$323,233	$9,132,072	$513,145
2023	$260,133	$606,878	$8,670,057	$-346,745
2022	$4,058,900	$14,520,623	$10,324,685	$-10,461,723
2021	$21,552,095	$106,708,523	$32,465,444	$-85,156,428
2021	$37,293,596	$28,492,052	$29,653,942	$8,801,544
2020	$49,637,267	$43,028,428	$125,887,436	$6,608,839
2019	$47,698,538	$42,424,989	$110,745,874	$5,273,549
2018	$44,216,448	$40,022,031	$105,923,455	$4,194,417

GRAYSON COUNTY HOSPITAL FOUNDATION