Overview
What is Grayson County Hospital Foundation?
The Grayson County Hospital Foundation, known as DBA Twin Lakes Regional Medical, is a nonprofit organization located in Leitchfield, Kentucky. Their primary mission is to provide high-quality medical healthcare services to the residents of Grayson County, regardless of their financial situation. Although reimbursement for services is essential, they recognize that not everyone can afford necessary medical care. Consequently, they offer free or reduced-cost care to the most indigent patients and write off portions of bills for others who cannot pay. In 2021, they transferred their assets to Owensboro Health, Inc., a not-for-profit healthcare system. The proceeds from the transaction were used to pay off the county's outstanding bonds, and the hospital facilities were transferred to a new corporation operated by Owensboro Health. The remaining proceeds and assets were transferred to a new nonprofit entity, Grayson County Healthcare Foundation, Inc., which provides grants and support for healthcare in the county. The foundation's current obligations are being fulfilled, and it is planned to dissolve once those obligations are met, although the exact timeline is uncertain.
Official website here: www.tlrmc.com
Is Grayson County Hospital Foundation legitimate?
Grayson County Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grayson County Hospital Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.tlrmc.com
What is the mission statement of Grayson County Hospital Foundation?
The Grayson County Hospital Foundation's mission is centered around providing high-quality medical healthcare services. Regardless of an individual's race, creed, sex, national origin, disability, age, or ability to pay, the foundation ensures that essential medical services are accessible. Recognizing the financial challenges some patients face, the foundation provides free care to the most indigent and writes off portions of bills for others who cannot afford full payment. After a transfer of assets, a portion of the proceeds was used to satisfy outstanding bonds, and the remaining net proceeds and retained assets were transferred to a new not-for-profit corporation for providing grants and supporting healthcare in the county. The intent is to dissolve the foundation once its current obligations are fulfilled, although the timeframe for this is currently uncertain.
Official website here: www.tlrmc.com
Who is the CEO of Grayson County Hospital Foundation?
Trevor Ray is the Vice-Preside of Grayson County Hospital Foundation.
Official website here: www.tlrmc.com
What is the revenue of Grayson County Hospital Foundation?
Grayson County Hospital Foundation's revenue in 2023 was $260,133.
Official website here: www.tlrmc.com
Who are the executives of Grayson County Hospital Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.tlrmc.com
Where can I find the form 990 for Grayson County Hospital Foundation?
Grayson County Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tlrmc.com
Learn more at the official website: www.tlrmc.com
Mission Statement of Grayson County Hospital Foundation
Grayson County Hospital Foundation, a nonprofit organization, is dedicated to providing quality medical healthcare services to the community. The foundation's mission is to ensure that essential medical services are accessible to all residents, regardless of their race, creed, sex, national origin, disability, age, or ability to pay. Recognizing that not everyone can afford medical care, the foundation provides free medical services to the most indigent patients and writes off portions of bills for others who demonstrate an inability to pay for all healthcare services received. The foundation's commitment to serving its community is so strong that it has transferred its operating assets to Owensboro Health, Inc., a not-for-profit healthcare system, in an effort to continue providing high-quality healthcare services. Following the transaction, a portion of the proceeds were used to satisfy outstanding bonds, and the land and facilities were transferred to a new corporation for operation. The net proceeds and retained assets were then transferred to the Grayson County Healthcare Foundation, Inc., a new not-for-profit corporation formed to provide grants and support healthcare in the county. The foundation's long-term goal is to dissolve once all current obligations are fulfilled.
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Impact
October, 2024
Grayson County Hospital Foundation plays a crucial role in delivering quality medical healthcare to the residents of Grayson County, Kentucky. Through its partnership with Twin Lakes Regional Medical Center, the foundation ensures that healthcare services are available to all individuals, regardless of their race, creed, gender, national origin, disability, age, or financial situation.
The foundation is committed to addressing healthcare disparities by providing free care to the most indigent patients and writing off portions of bills for those unable to pay. This commitment to accessible healthcare contributes significantly to the overall well-being of the community, allowing vulnerable populations to receive necessary medical attention without the burden of financial stress.
Following its transition under Owensboro Health, efforts have been made to enhance healthcare services in the area while fulfilling financial obligations. The establishment of the Grayson County Healthcare Foundation aims to support healthcare initiatives through grants and funding, ensuring that the community can continue to access essential medical services.
Overall, Grayson County Hospital Foundation's impact is evident in its dedication to inclusivity and support, fostering a healthier community where individuals can seek medical care without fear of financial repercussions.
This information is meant to be a general summary of Grayson County Hospital Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $101,245
- Gross Receipts: $260,133
Assets and Liabilities:
- Total Assets: $8,670,057
- Total Liabilities: $1,321,678
- Net Assets: $7,348,379
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Organization Details
Founding Year
1956
Phone
(270) 259-3159Principal Officer
Trevor Ray
Main Address
130 E MARKET ST, LEITCHFIELD, KY, 42754
Website
www.tlrmc.comNTEE Category
Code: E22I - Health
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