Hendrick Medical Center
- Assets
- $1.5b
- Revenue
- $810.1m
- Investments
- $628.2m
- Employees
- 4,635
- Location
- Abilene, TX
- Founding
- 06/1937
- Data as of
- 08/2023
- EIN
- 75-0827446
Organization Overview
Hendrick Medical Center is located in Abilene, TX. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2023, Hendrick Medical Center employed 4,635 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Medical Center 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, Hendrick Medical Center generated $810.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $698.9m during the year ending 08/2023. While expenses have increased by 7.3% 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.
Since 2015, Hendrick Medical Center has awarded 34 individual grants totaling $9,380,615. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER HIGH QUALITY HEALTHCARE EMPHASIZING EXCELLENCE AND COMPASSION CONSISTENT WITH THE HEALING MINISTRY OF JESUS CHRIST.
Describe the Organization's Program Activity:
CHARITY CARE PROGRAM: HENDRICK MEDICAL CENTER, IN KEEPING WITH ITS MISSION, VISION, AND VALUES AS A BAPTIST ORGANIZATION, HAS ALWAYS MAINTAINED A GENEROUS CHARITY CARE PROGRAM TO ASSURE THAT THOSE WITH THE INABILITY TO PAY HAVE ACCESS TO THE SERVICES PROVIDED BY HENDRICK. THE CHARITY POLICY IN EFFECT DURING THE PERIOD COVERED BY THIS REPORT PROVIDES THAT FAMILIES WITH INCOMES BELOW 250% OF THE FEDERAL POVERTY GUIDELINES ARE ELIGIBLE FOR SERVICES, WITH NO PERSONAL FINANCIAL RESPONSIBILITY. FAMILIES WITH INCOMES ABOVE 250% OF THE FEDERAL POVERTY GUIDELINES RECEIVE CARE WITH PARTIAL FINANCIAL RESPONSIBILITY INCREASING AS THE FAMILY INCOME EXCEEDS THE FEDERAL POVERTY GUIDELINES. HENDRICK PROVIDES FINANCIAL COUNSELORS AND SOCIAL WORKERS TO HELP PATIENTS WITH HEALTHCARE NEEDS BY IDENTIFYING COMMUNITY RESOURCES AVAILABLE AND BY ASSISTING THEM IN THEIR EFFORTS TO IDENTIFY AND QUALIFY FOR GOVERNMENT-SPONSORED PROGRAMS. PROVIDING GOVERNMENT PROGRAMS BELOW COST: HENDRICK IS ALSO COMMITTED TO PARTICIPATING IN GOVERNMENT FUNDED PROGRAMS SUCH AS MEDICARE, MEDICAID, TRICARE, COUNTY INDIGENCY, ETC. THE COST OF SERVICES OFTEN EXCEEDS THE REIMBURSEMENT PROVIDED BY THESE PROGRAMS.
PROFESSIONAL HEALTH EDUCATION: HENDRICK MEDICAL CENTER HAS AFFILIATION AGREEMENTS AND PROVIDES FINANCIAL SUPPORT TO MANY PROFESSIONAL HEALTH EDUCATIONAL EFFORTS FOR THE PURPOSES OF ENHANCING THE KNOWLEDGE OF EXISTING HEALTH PROFESSIONALS AND EDUCATING NEW HEALTH PROFESSIONALS TO MEET THE INCREASING DEMAND. HENDRICK'S EFFORTS ARE FOCUSED IN AREAS OF STUDY WHERE SHORTAGES COULD POTENTIALLY LIMIT THE CAPACITY OF THE HEALTHCARE SYSTEM TO MEET THE NEEDS OF THE TEXAS MIDWEST. HENDRICK HAS PROVIDED FUNDING AND HAS ENTERED INTO EDUCATIONAL RELATED AFFILIATIONS AGREEMENTS. SOME OF WHICH ARE IDENTIFIED: 1. TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER - SCHOOL OF PHARMACY, BSN 2ND DEGREE PROGRAM AND BSN TRADITIONAL PROGRAM. 2. PATTY HANKS SHELTON SCHOOL OF NURSING - RN, BSN, MSN AND MSN/FNP PROGRAMS. 3. CISCO JR. COLLEGE - LVN/ADN, SURGERY TECHNICIAN, PHARMACY TECHNICIAN, MEDICAL ASSISTANT AND RESPIRATORY THERAPY PROGRAMS. 4. TEXAS STATE TECHNICAL COLLEGE - ADN, EMT, TRANSCRIPTION, NURSE CLERK, NURSE AIDE AND PHLEBOTOMY PROGRAMS. 5. ABILENE CHRISTIAN UNIVERSITY - SPEECH/LANGUAGE PATHOLOGY, SOCIAL WORK, PSYCHOLOGY, EXERCISE HEALTH SCIENCE, BIBLE AND FAMILY STUDIES, BODY AND SOUL. 6. HARDIN-SIMMONS UNIV. - DOCTOR OF PHYSICAL THERAPY, SOCIAL WORK, THEOLOGY, COMMUNICATION, ATHLETIC TRAINING. 7. TEXAS STATE UNIVERSITY - RESPIRATORY THERAPY PROGRAM 8. HENDRICK SCHOOL OF RADIOGRAPHY. A STUDENT LOAN PROGRAM IS AVAILABLE FOR STUDENTS ENROLLED IN THE SCHOOL. STUDENTS CAN APPLY FOR A LOAN UP TO $6,332 FOR THE COST OF THE TUITION, BOOKS, UNIFORMS AND EXAMS. 9. ABILENE IND SCHOOL DISTRICT - HOLLAND MEDICAL HIGH SCHOOL. A TUITION REIMBURSEMENT PROGRAM IS PROVIDED FOR STUDENTS IN CRITICAL NEED POSITIONS AT HENDRICK MEDICAL CENTER UPON VERIFICATION OF STUDENT LOAN DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Holland President/ceo | Officer | 40 | $1,339,936 |
Rob Wiley Vice President/cmo/cqo | Officer | 40 | $640,246 |
Jeremy Walker Vice President/cfo | Officer | 40 | $610,703 |
Michael Murphy Vice President/coo | Officer | 40 | $545,760 |
Ronald David Evans Vice President | Officer | 40 | $470,213 |
Susan E Greenwood Vice President/cno | Officer | 40 | $413,554 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allscripts Healthcare Llc Technology Services | 8/30/23 | $9,566,830 |
Allen Teinert Construction Construction Svcs | 8/30/23 | $8,264,565 |
Obhg Texas Holdings Pa Medical Services | 8/30/23 | $2,022,787 |
Locumtenens Holdings Llc Staffing Services | 8/30/23 | $1,822,569 |
Texas Healthcare Linen Llc Laundry Services | 8/30/23 | $1,875,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $79,679 |
| Government grants | $1,639,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,782,852 |
| Total Program Service Revenue | $790,539,129 |
| Investment income | $11,392,683 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,744,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $810,096,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,131,480 |
| 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. | $9,437,020 |
| Compensation of current officers, directors, key employees. | $1,477,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,258,943 |
| Pension plan accruals and contributions | $4,139,713 |
| Other employee benefits | $37,960,969 |
| Payroll taxes | $18,354,299 |
| Fees for services: Management | $1,484,181 |
| Fees for services: Legal | $2,333,459 |
| Fees for services: Accounting | $758,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $937,194 |
| Fees for services: Other | $121,462,280 |
| Advertising and promotion | $769,291 |
| Office expenses | $7,396,385 |
| Information technology | $18,139,009 |
| Royalties | $0 |
| Occupancy | $11,918,188 |
| Travel | $659,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,637,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,074,736 |
| Insurance | $1,551,254 |
| All other expenses | $8,290,041 |
| Total functional expenses | $698,866,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,307,851 |
| Savings and temporary cash investments | $13,034,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,648,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $44,667,963 |
| Inventories for sale or use | $16,295,857 |
| Prepaid expenses and deferred charges | $22,896,707 |
| Net Land, buildings, and equipment | $295,459,576 |
| Investments—publicly traded securities | $156,519,933 |
| Investments—other securities | $628,237,221 |
| Investments—program-related | $0 |
| Intangible assets | $68,753,552 |
| Other assets | $44,196,230 |
| Total assets | $1,452,018,430 |
| Accounts payable and accrued expenses | $71,163,981 |
| Grants payable | $718,530 |
| Deferred revenue | $5,626,761 |
| Tax-exempt bond liabilities | $18,706,810 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,425,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $343,732,713 |
| Total liabilities | $452,373,956 |
| Net assets without donor restrictions | $979,727,326 |
| Net assets with donor restrictions | $19,917,148 |
| 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 | $1,452,018,430 |
Grants Awarded
Over the last fiscal year, Hendrick Medical Center has awarded $867,040 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PATTY HANKS SCHOOL OF NURSING PURPOSE: SUPPORT NURSING EDUCATION | $287,063 |
PRESBYTERIAN MEDICAL CARE MISSION PURPOSE: SUPP HEALTH CLINIC | $203,314 |
PRESBYTERIAN MEDICAL CARE MISSION PURPOSE: SUPP HEALTH CLINIC | $176,663 |
CITY OF ABILINE PURPOSE: COMMUNITY BENEFIT | $200,000 |