Heart Of Texas Memorial Hospital
- Assets
- $58.0m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 135
- Location
- Brady, TX
- Founding
- 08/2011
- Data as of
- 03/2020
- EIN
- 32-0326595
Organization Overview
Heart Of Texas Memorial Hospital is located in Brady, TX. The organization was established in 2011. 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 03/2020, Heart Of Texas Memorial Hospital employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Texas Memorial Hospital 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 03/2020, Heart Of Texas Memorial Hospital generated $27.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $18.1m during the year ending 03/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH OF THE RESIDENTS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING COMMUNITIES, IN ANY APPROPRIATE MANNER AND IN COMPLIANCE WITH APPLICABLE FEDERAL AND STATE LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEART OF TEXAS HEALTHCARE SYSTEM IS DEDICATED TO PROVIDING ACCESSIBLE HEALTHCARE SERVICES TO THE CITIZENS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING AREAS. THE SYSTEM IS A 25-BED CRITICAL ACCESS HOSPITAL OFFERING COMPREHENSIVE HEALTHCARE. THE HOSPITAL HAD 1014 ACUTE DAYS AND 81 SWING BED DAYS IN FISCAL YEAR 2015.
HEART OF TEXAS HEALTHCARE SYSTEM IS DEDICATED TO PROVIDING ACCESSIBLE HEALTHCARE SERVICES TO THE CITIZENS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING AREAS. THE SYSTEM IS A 25-BED CRITICAL ACCESS HOSPITAL OFFERING COMPREHENSIVE HEALTHCARE. THE HOSPITAL HAD 1014 ACUTE DAYS AND 81 SWING BED DAYS IN FISCAL YEAR 2015.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Jones CEO | OfficerTrustee | 40 | $322,255 |
Ramona Sloan Cno | Officer | 40 | $107,981 |
Renae Thomas CFO | Officer | 40 | $100,330 |
Michelle Young-Derrick President | Trustee | 1 | $0 |
Kirk Roddie Vice President | Trustee | 1 | $0 |
Mike Schaffner Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Victory Emergency Services Er Staffing | 3/30/20 | $1,254,576 |
Khcr Rev Cycle Services Billing Service | 3/30/20 | $576,201 |
Texas Select Staffing Staffing | 3/30/20 | $224,787 |
Victory Emergency Services Er Staffing | 3/30/20 | $1,254,576 |
Telehealth Connections Healthcare Services | 3/30/20 | $113,500 |
Khcr Rev Cycle Services Billing Service | 3/30/20 | $576,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,787 |
| Investment income | $538,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,220 |
| Net Gain/Loss on Asset Sales | -$84,116 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,695,651 |
| Statement of Expenses | |
|---|---|
| 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. | $530,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,672,556 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $674,904 |
| Payroll taxes | $302,607 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,444,447 |
| Advertising and promotion | $134,020 |
| Office expenses | $146,459 |
| Information technology | $247,547 |
| Royalties | $0 |
| Occupancy | $3,678,239 |
| Travel | $27,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,533 |
| Interest | $53,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,655 |
| Insurance | $92,310 |
| All other expenses | $0 |
| Total functional expenses | $18,058,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,235,186 |
| Savings and temporary cash investments | $9,273,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,156,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $162,340 |
| Prepaid expenses and deferred charges | $3,000,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,714,990 |
| Total assets | $57,981,362 |
| Accounts payable and accrued expenses | $1,167,377 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $87,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $983,460 |
| Total liabilities | $2,238,391 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $55,742,971 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |