Hendrick Medical Center Brownwood
- Assets
- $107.6m
- Revenue
- $117.2m
- Investments
- $0.0
- Employees
- 526
- Location
- Abilene, TX
- Founding
- Data as of
- 08/2023
- EIN
- 85-1941193
Organization Overview
Hendrick Medical Center Brownwood is located in Abilene, TX. 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 Brownwood employed 526 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Medical Center Brownwood 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 Brownwood generated $117.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $96.6m during the year ending 08/2023. While expenses have increased by 16.4% per year over the past 3 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
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 BROWNWOOD, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Holland President/ceo | Officer | 2 | $0 |
Rob Wiley Vice President/cmo/cqo | Officer | 2 | $0 |
Jeremy Walker Vice President | Officer | 2 | $0 |
Michael Murphy Vice President/coo | Officer | 2 | $0 |
Ronald David Evans Vice President/gc/comp | Officer | 2 | $0 |
Krista Baty Chief Administrative Officer | Officer | 40 | $422,661 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Philips Medical Capital Llc Financial Consulting | 8/30/23 | $363,543 |
West Tx Physics Consulting Consulting | 8/30/23 | $240,000 |
Texas Healthcare Linen Llc Laundry Services | 8/30/23 | $260,398 |
Allen Teinert Construction Construction | 8/30/23 | $224,218 |
Tim Brasher Llc Dba Brasher Co Sprinkler Services | 8/30/23 | $116,494 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,000 |
| Government grants | $325,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,000 |
| Total Program Service Revenue | $115,520,434 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,385 |
| Net Gain/Loss on Asset Sales | $45,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,227,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,701 |
| 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. | $1,189,336 |
| Compensation of current officers, directors, key employees. | $113,979 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,684,599 |
| Pension plan accruals and contributions | $610,269 |
| Other employee benefits | $4,673,062 |
| Payroll taxes | $2,301,436 |
| Fees for services: Management | $199,085 |
| Fees for services: Legal | $3,121 |
| Fees for services: Accounting | $33,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,322,356 |
| Advertising and promotion | $78,897 |
| Office expenses | $918,489 |
| Information technology | $2,601,259 |
| Royalties | $0 |
| Occupancy | $1,169,530 |
| Travel | $84,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,446,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,346,849 |
| Insurance | $815,925 |
| All other expenses | $3,039,471 |
| Total functional expenses | $96,626,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,714 |
| Savings and temporary cash investments | $811,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,019,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,232,796 |
| Prepaid expenses and deferred charges | $2,723,667 |
| Net Land, buildings, and equipment | $32,416,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $54,176,347 |
| Other assets | $2,214,229 |
| Total assets | $107,611,837 |
| Accounts payable and accrued expenses | $12,237,959 |
| Grants payable | $0 |
| Deferred revenue | $307,447 |
| 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 | $58,289,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,065,291 |
| Total liabilities | $71,899,697 |
| Net assets without donor restrictions | $35,437,412 |
| Net assets with donor restrictions | $274,728 |
| 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 | $107,611,837 |