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 08/2021, Hendrick Medical Center employed 4,177 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 08/2020, Hendrick Medical Center generated $519.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $431.8m during the year ending 08/2020. While expenses have increased by 1.4% per year over the past 6 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 28 individual grants totaling $8,014,429. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER HIGH QUALITY HEALTH CARE EMPHASIZING EXCELLENCE AND COMPASSION CONSISTENT WITH THE HEALING MINISTRY OF JESUS CHRIST
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. - DOCTORATE 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 ARE ELIGIBLE FOR A $3,750.00 LOAN AT THE BEGINNING OF THEIR FIRST AND SECOND YEAR. HENDRICK'S STUDENT LOAN PROGRAM IS TRANSITIONING INTO THE TUITION REIMBURSEMENT PROGRAM. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brad Holland President/ceo | Officer | 40 | $1,087,968 |
Joe Pearson Vice President | Officer | 35 | $513,894 |
Jeremy Walker Vice President/cfo | Officer | 38 | $427,138 |
Susie Cassle Vice President | Officer | 40 | $351,957 |
Susan Wade Vice President | Officer | 40 | $336,025 |
America Farrell Vice President | Officer | 40 | $288,804 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Allscripts Healthcare Llc Technology Services | 8/30/21 | $9,569,503 |
Jones Day Legal Services | 8/30/21 | $2,012,604 |
Pittsburgh Critical Care Assoc Medical Services | 8/30/21 | $1,764,314 |
Texas Healthcare Linen Laundry Services | 8/30/21 | $1,538,247 |
Allen Teinert Construction Construction Servics | 8/30/21 | $1,995,537 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $15,167,982 |
Investment income | $7,843,183 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,063,849 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $519,719,787 |
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. | $3,997,936 |
Compensation to disqualified persons | $579,937 |
Other salaries and wages | $152,553,029 |
Pension plan accruals and contributions | $2,669,716 |
Other employee benefits | $20,571,571 |
Payroll taxes | $11,221,696 |
Fees for services: Management | $577,858 |
Fees for services: Legal | $927,832 |
Fees for services: Accounting | $337,402 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,250 |
Fees for services: Other | $76,818,641 |
Advertising and promotion | $514,725 |
Office expenses | $4,581,170 |
Information technology | $12,402,032 |
Royalties | $0 |
Occupancy | $5,157,385 |
Travel | $498,032 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,623,777 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,034,893 |
Insurance | $2,787,361 |
All other expenses | $0 |
Total functional expenses | $431,846,440 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$1,744,929 |
Savings and temporary cash investments | $3,838,191 |
Pledges and grants receivable | -$3,204 |
Accounts receivable, net | $51,067,497 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $2,727,090 |
Inventories for sale or use | $9,784,751 |
Prepaid expenses and deferred charges | $9,360,287 |
Investments—publicly traded securities | $200,457,064 |
Investments—other securities | $331,066,065 |
Investments—program-related | $0 |
Intangible assets | $3,714,499 |
Other assets | $35,316,250 |
Total assets | $873,623,738 |
Accounts payable and accrued expenses | $40,385,363 |
Grants payable | $4,442,521 |
Deferred revenue | $88,869,990 |
Tax-exempt bond liabilities | $64,031,127 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,557,552 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $55,114,305 |
Total liabilities | $254,400,858 |
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 | $619,222,880 |
Over the last fiscal year, Hendrick Medical Center has awarded $2,530,645 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
TEXAS TECH UNIVERSITY HEALTH SCIENCE CENTER PURPOSE: SCHOOL OF NURSING | $1,770,828 |
Abilene, TX PURPOSE: SUPPORT NURSING EDUCATION | $299,103 |
CITY OF ABILENE PURPOSE: CHARITABLE | $250,000 |
Abilene, TX PURPOSE: SUPPORT HEALTH CLINIC | $203,314 |
Abilene, TX PURPOSE: FRIENDSHIP HOUSE | $7,400 |
Over the last fiscal year, we have identified 2 grants that Hendrick Medical Center has recieved totaling $25,005.
Awarding Organization | Amount |
---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Beg. Balance | $12,659,336 |
Earnings | $1,427,324 |
Net Contributions | $1,224,769 |
Other Expense | $121,246 |
Ending Balance | $15,190,183 |
Organization Name | Assets | Revenue |
---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
St Vincent Infirmary Medical Center Little Rock, AR | $1,148,625,414 | $510,888,320 |
Baton Rouge General Medical Center Baton Rouge, LA | $496,482,210 | $567,217,966 |
St Joseph Regional Health Center Bryan, TX | $646,031,520 | $469,355,522 |
Shannon Medical Center San Angelo, TX | $508,828,126 | $575,714,031 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |
St Bernards Hospital Inc Jonesboro, AR | $376,576,923 | $505,772,828 |