Texas Hospital Association Foundation
- Assets
- $7.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Austin, TX
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-0597324
Organization Overview
Texas Hospital Association Foundation is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Texas Hospital Association Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Hospital Association Foundation 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 12/2022, Texas Hospital Association Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $5.8m during the year ending 12/2022. While expenses have increased by 16.1% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT, TOOLS AND RESOURCES NECESSARY TO IMPROVE PATIENT SAFETY AND QUALITY OF CARE AND ACCELERATE IMPROVEMENT IN HEALTH CARE THROUGH...(CONT'D ON SCH. O)
Describe the Organization's Program Activity:
TEXAS CENTER OF QUALITY AND PATIENT SAFETY (TCQPS) IS COMMITTED TO PROVIDING SUPPORT, TOOLS AND RESOURCES NECESSARY TO IMPROVE PATIENT SAFETY AND QUALITY OF CARE THROUGH COLLABORATION WITH STATE AND NATIONAL EXPERTS, PARTNERS AND OTHER KEY STAKEHOLDERS.
EDUCATION - THAF CONDUCTS EDUCATIONAL PROGRAMS WHICH INCLUDE DISTANCE LEARNING SERIES IN VARIOUS FIELDS OF HOSPITAL OPERATIONS AND MANAGEMENT. THAF ALSO CONDUCTS A LEADERSHIP FELLOWS PROGRAM BRINGING TOGETHER SENIOR HOSPITAL MANAGEMENT STAFF TO PROVIDE MENTORING AND BROADER SCOPE OF MANAGEMENT RESPONSIBILITIES.
THAF PROMOTES THE ADOPTION OF INNOVATIVE TECHNOLOGIES THAT LOWER THE COST AND IMPROVE THE QUALITY OF HEALTHCARE IN THE STATE OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitzi Ressmann - 40 Thaf SVP - Operations | Officer | 16 | $139,862 |
Fernando Martinez President/secretary/treasurer | OfficerTrustee | 40 | $322,267 |
Alex Huff Vp, Health It Programs | 40 | $135,427 | |
Karen Kendrick Vp, Clinical Initiatives | 40 | $141,202 | |
John Smith Director, It Operations | 40 | $100,749 | |
Michael R Olson Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Personify Inc Software | 12/30/22 | $146,323 |
Pc Connection Sales Corp Software | 12/30/22 | $108,734 |
Stratasan Llc Loyalty Module | 12/30/22 | $860,250 |
Press Ganey Associates Llc Safety Pso Platform | 12/30/22 | $100,550 |
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 | $3,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,173 |
| Total Program Service Revenue | $5,504,787 |
| Investment income | $85,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,416 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,128,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,250 |
| 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. | $504,484 |
| Compensation of current officers, directors, key employees. | $69,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,317,439 |
| Pension plan accruals and contributions | $49,306 |
| Other employee benefits | $126,728 |
| Payroll taxes | $118,159 |
| Fees for services: Management | $986,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,446 |
| Advertising and promotion | $206,487 |
| Office expenses | $68,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,000 |
| Travel | $39,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $531,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,245 |
| Insurance | $18,089 |
| All other expenses | $18,942 |
| Total functional expenses | $5,791,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,457 |
| Savings and temporary cash investments | $6,784,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,653 |
| 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 | $223,328 |
| Net Land, buildings, and equipment | $98,195 |
| Investments—publicly traded securities | $429,424 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,709,747 |
| Accounts payable and accrued expenses | $477,640 |
| Grants payable | $0 |
| Deferred revenue | $468,037 |
| 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 | $146,565 |
| Total liabilities | $1,092,242 |
| Net assets without donor restrictions | $6,022,609 |
| Net assets with donor restrictions | $594,896 |
| 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 | $7,709,747 |
Grants Awarded
Over the last fiscal year, Texas Hospital Association Foundation has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS HEALTHCARE TRUSTEES PURPOSE: NURSES ON BOARD TRAINING SPONSORSHIP | $15,000 |
THE UNIVERSITY OF TEXAS PURPOSE: SUPPORT FOR INFECTIOUS DISEASE EDUCATION TASK FORCE | $25,000 |