GRAYSON COUNTY HEALTHCARE FOUNDATION INC

EIN: 851907825 Health Care

LEITCHFIELD, KY

Total Revenue
$2,814,513
Total Expenses
$416,803
Total Assets
$46,685,850
Net Assets
$46,680,540
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
KY
Principal Officer
STEVEN SMITH
Phone
2705897287
Tax Period
2023-07-01 to 2024-06-30

GRAYSON COUNTY HEALTHCARE FOUNDATION INC, founded in 2020, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.4M, a strong 85% operating margin.

Mission

MONITORING HOSPITAL OPERATIONS TO INSURE CONTINUED COMPLIANCE WITH THE TERMS OF THE ASSET PURCHASE AGREEMENT WITH OWENSBORO HEALTH, STRATEGIC MANAGEMENT AND INVESTMENT OF FUNDS RECEIVED FROM THE AFOREMENTIONED ASSET PURCHASE, EVALUATING HEALTHCARE NEEDS AND GRANTING FINANCIAL SUPPORT FOR THE BENEFIT OF LEITCHFIELD AND GRAYSON COUNTY RESIDDENTS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,131
Program Service Revenue $0
Investment Income $2,794,781
Other Revenue $8,601
TOTAL REVENUE $2,814,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,055
Fundraising Expenses $0
Program Expenses $204,996
Other Expenses $295,748
TOTAL EXPENSES $416,803

Year-over-Year Comparison

2023 2022 Change
Revenue $2,814,513 $3,803,501 -0.3%
Expenses $416,803 $218,264 +0.9%
Net Income $2,397,710 $3,585,237 -0.3%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
11
Employees
1
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
5
$92,077
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN BROOKS BOARD MEMBER 1.00
Director
$0 $0 $0
DEEDEE BEELER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM GOFF BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MEREDITH BOARD MEMBER 1.00
Director
$0 $0 $0
RAVE MONTGOMERY BOARD MEMBER 1.00
Director
$0 $0 $0
LONNIE MCKINNEY BOARD MEMBER 1.00
Director
$0 $0 $0
GARRY WATKINS BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL BERNARD TREASURER 1.00
Officer
$0 $0 $0
ANTHONY SMITH VICE CHAIRMAN 1.00
Officer
$0 $0 $0
STEVEN SMITH CHAIRMAN 1.00
Officer
$0 $0 $0
WAYNE MERIWETHER SECRETARY 1.00
Officer
$0 $0 $0
BRITTANY CLEMONS EXECUTIVE DIRECTOR 1.00
Officer
$92,077 $0 $92,077
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 No data No data No data No data
2024 $2,814,513 $416,803 $46,685,850 $2,397,710
2023 $3,803,501 $218,264 $42,068,070 $3,585,237
2022 $7,665,825 $25,832 $38,468,957 $7,639,993
2021 $32,585,702 $1,756,739 $30,828,963 $30,828,963
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