Etx Successor System
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 04/2010
- Data as of
- 10/2023
- EIN
- 75-1803327
Organization Overview
Etx Successor System is located in Tyler, TX. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Etx Successor System 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 10/2023, Etx Successor System generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (65.7%) each year. All expenses for the organization totaled $973.9k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (67.1%) per year over the past 4 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM PROVIDES OVERALL MANAGEMENT AND SUPPORT TO THE ENTITIES THAT COMPRISE EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM (THE "SYSTEM") IS THE PARENT COMPANY WHICH WHOLLY-OWNS AND OPERATES 18-SUBSIDIARY ORGANIZATIONS THAT OPERATE PRIMARILY IN TEXAS. THE "SYSTEM" IS HEADQUARTERED IN TYLER, TEXAS AND ITS OPERATIONS EXTENDS IN ALL DIRECTIONS FROM TYLER, IN AN APPROXIMATE 100-MILE RADIUS.THE "SYSTEM" CONSISTS OF 10 HOSPITALS, OVER 100 EMPLOYED PHYSICIANS, OTHER HEALTHCARE SERVICES SUCH AS CANCER TREATMENT AND HOME HEALTH, AS WELL AS OTHER OPERATIONS THAT INCLUDE EMERGENCY MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Hale Secretary/treas | 16 | $0 | |
Steve Roosth Director | 2 | $0 | |
Paul Detwiler MD President | 2 | $0 | |
Elam Swann Director | 2 | $0 | |
Tom Woldert Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carroll Maloney Henry & Nelson Pllc | 10/30/23 | $144,942 |
Schell Cooley Llp | 10/30/23 | $113,169 |
Ashcraft Law Firm | 10/30/23 | $358,753 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $58,675 |
| Dividends & Interest | $246,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $702,449 |
| Capital Gain Net Income | $702,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,283 |
| Total Revenue | $1,052,798 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,427 |
| Total operating and administrative expenses | $688,868 |
| Contributions, gifts, grants paid | $285,000 |
| Total expenses and disbursements | $973,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,622 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $782,097 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,845 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,877,564 |
| Accounts payable and accrued expenses | $89,076 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $31,408 |
| Total liabilities | $120,484 |
Grants Awarded
Over the last fiscal year, Etx Successor System has awarded $1,009,268 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SONET PURPOSE: Donation | $984,268 |
THA FOUNDATION PURPOSE: Donation | $10,000 |
TYLER ECONOMIC DEVELOP COUNCI PURPOSE: Donation | $15,000 |