Texoma Health Foundation
- Assets
- $73.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Denison, TX
- Founding
- 04/1983
- Data as of
- 06/2021
- EIN
- 75-1842956
Organization Overview
Texoma Health Foundation is located in Denison, TX. The organization was established in 1983. 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 06/2021, Texoma Health Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texoma Health 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 06/2021, Texoma Health Foundation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 8.3% 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 2014, Texoma Health Foundation has awarded 159 individual grants totaling $8,263,090. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPORT THE HEALTH AND WELL-BEING OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXOMA HEALTH FOUNDATION IS A PUBLICLY SUPPORTED ORGANIZATION THAT MAKES DONATIONS AND GRANTS TO QUALIFYING ENTITIES TO PROMOTE, DIRECTLY OR INDIRECTLY, THE HEALTH OF INDIVIDUALS RESIDING IN GRAYSON AND FANNIN COUNTIES OF NORTHERN TEXAS AND BRYAN AND MARSHALL COUNTIES OF SOUTHERN OKLAHOMA; FULFILL CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3); OR PERFORM SUCH OTHER FUNCTIONS AS MAY BE NECESSARY OR APPROPRIATE TO FULFILL THE PURPOSES OF THE CORPORATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia M Lemming President & CEO | Officer | 40 | $206,985 |
Kitty Richardson COO | Officer | 40 | $93,309 |
Joe Fallon Vice Chairman | OfficerTrustee | 1 | $0 |
Jim Walker Chairman | OfficerTrustee | 1 | $0 |
Bill Wilson Secretary/treas | OfficerTrustee | 1 | $0 |
Heather Burrage Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,170,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,284,084 |
| Total Program Service Revenue | $0 |
| Investment income | $1,285,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,293 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,238,104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,811,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,657,603 |
| Grants and other assistance to domestic individuals. | $112,259 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,967 |
| Compensation of current officers, directors, key employees. | $76,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $271,325 |
| Pension plan accruals and contributions | $30,931 |
| Other employee benefits | $95,040 |
| Payroll taxes | $39,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129 |
| Fees for services: Accounting | $42,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $298,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $92,947 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,962 |
| Interest | $25,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,864 |
| Insurance | $30,836 |
| All other expenses | $13,370 |
| Total functional expenses | $4,433,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,836 |
| Savings and temporary cash investments | $1,930,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $68,616 |
| Net Land, buildings, and equipment | $2,760,516 |
| Investments—publicly traded securities | $68,393,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,484,064 |
| Accounts payable and accrued expenses | $19,211 |
| Grants payable | $0 |
| Deferred revenue | $1,111 |
| 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 | $440,104 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $460,426 |
| Net assets without donor restrictions | $65,696,187 |
| Net assets with donor restrictions | $7,327,451 |
| 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 | $73,484,064 |
Grants Awarded
Over the last fiscal year, Texoma Health Foundation has awarded $2,560,096 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DENISON TX PURPOSE: THF PARK CONSTRUCTION | $793,519 |
FANNIN COUNTY PURPOSE: FANNIN COUNTY EMS SERVICES | $600,000 |
Durant, OK PURPOSE: BLUE ZONES HEALTH & WELLNESS PROJ | $200,000 |
Denison, TX PURPOSE: PROGRAM/PROJECT SUPPORT | $141,371 |
Sherman, TX PURPOSE: PROGRAM/PROJECT SUPPORT | $69,000 |
Sherman, TX PURPOSE: PROGRAM/PROJECT SUPPORT | $63,700 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Texoma Health Foundation has recieved totaling $50,020.
| Awarding Organization | Amount |
|---|---|
Suzanne And Walter Scott Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Texoma Medical Center Volunteers Denison, TX PURPOSE: CHILDRENS PLAYGROUND | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Mercy Hospital Paris Paris, AR | $2,615,719 | $12,734,195 |
Little River Medical Center Inc Ashdown, AR | $9,137,852 | $13,390,084 |
Mercy Hospital Waldron Waldron, AR | $2,474,108 | $10,620,353 |