Driscoll Healthcare Services
- Assets
- $1.4b
- Revenue
- $46.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Corpus Christi, TX
- Founding
- 12/2010
- Data as of
- 08/2023
- EIN
- 01-0962276
Organization Overview
Driscoll Healthcare Services is located in Corpus Christi, TX. The organization was established in 2010. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 08/2023, Driscoll Healthcare Services employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Driscoll Healthcare Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Driscoll Healthcare Services generated $46.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $18.0m during the year ending 08/2023. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DRISCOLL HEALTHCARE SERVICES CARRIES OUT THE PURPOSES OF DRISCOLL CHILDREN'S HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY PROVIDED AIR TRANSPORT SERVICES FOR DRISCOLL CHILDREN'S HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed VP Of Clinical Operations | Officer | 1 | $0 |
Name Not Listed VP Development Foundation | Officer | 1 | $0 |
Name Not Listed VP Of Human Resources | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Air Svcs Llc Medical Transport | 8/30/23 | $5,009,662 |
One Call Med Transports Medical Transport | 8/30/23 | $309,416 |
Campbells Janitorial Svc Janitorial Services | 8/30/23 | $214,578 |
Halo Flight Inc Medical Transport | 8/30/23 | $1,931,005 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,124 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,124 |
| Total Program Service Revenue | $18,418,391 |
| Investment income | $28,075,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $411,560 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,920,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,366,218 |
| Pension plan accruals and contributions | $309,805 |
| Other employee benefits | $572,783 |
| Payroll taxes | $423,116 |
| Fees for services: Management | $1,750,499 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,853,223 |
| Advertising and promotion | $194 |
| Office expenses | $870,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,065 |
| Travel | $32,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,516 |
| Insurance | $0 |
| All other expenses | $45,617 |
| Total functional expenses | $18,008,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,978,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,273,692 |
| Investments—publicly traded securities | $1,383,992,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,391,245,016 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $25,657 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,657 |
| Net assets without donor restrictions | $1,391,219,359 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,391,245,016 |