Clay County Memorial Hospital Foundation
- Assets
- $3.9m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 140
- Location
- Henrietta, TX
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 75-2425436
Organization Overview
Clay County Memorial Hospital Foundation is located in Henrietta, TX. The organization was established in 1992. 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 12/2021, Clay County Memorial Hospital Foundation employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clay County Memorial Hospital 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 12/2021, Clay County Memorial Hospital Foundation generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS ORGANIZED TO PROVIDE FINANCIAL SUPPORT TO CLAY COUNTY MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM DUTIES OF EMPLOYER LEASING AGENT FOR THE CLAY COUNTY MEMORIAL HOSPITAL. THE HOSPITAL IS A GOVERNMENTAL AGENCY OWNED BY CLAY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Huskey Ceo, End: 09/21 | OfficerTrustee | 0.25 | $184,464 |
Lisa Swenson Interim CEO | OfficerTrustee | 0.25 | $72,679 |
Cindy Dean Secretary | OfficerTrustee | 0.25 | $0 |
Lee Gunter Chair | OfficerTrustee | 0.25 | $0 |
Sherry Cleveland Vice-Chair | OfficerTrustee | 0.25 | $0 |
Hank Bullinger Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $913,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,152 |
| Total Program Service Revenue | $5,065,417 |
| Investment income | $33,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,105 |
| Net Gain/Loss on Asset Sales | $101,470 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,143,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $292,982 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,322,390 |
| Pension plan accruals and contributions | $62,217 |
| Other employee benefits | $2,028 |
| Payroll taxes | $320,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,796 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,927 |
| Office expenses | $6,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,091 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,795 |
| Insurance | $0 |
| All other expenses | $3,017 |
| Total functional expenses | $5,090,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,311 |
| Savings and temporary cash investments | $60,007 |
| 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 | $0 |
| Net Land, buildings, and equipment | $504,174 |
| Investments—publicly traded securities | $1,904,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $799,017 |
| Total assets | $3,909,735 |
| Accounts payable and accrued expenses | $1,019,704 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $336,724 |
| Total liabilities | $1,356,428 |
| Net assets without donor restrictions | $2,553,307 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,909,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |
The Menninger Clinic Foundation Houston, TX | $95,150,910 | $23,726,608 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |