Hendrick Medical Center Foundation

EIN: 237413284 501(c)(3) Health Care

Abilene, TX

Total Revenue
$6,606,667
Total Expenses
$2,023,674
Total Assets
$80,387,897
Net Assets
$80,170,013
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
TX
Phone
3256702000
Tax Period
2023-09-01 to 2024-08-31

Hendrick Medical Center Foundation, founded in 1974, is a community nonprofit in the Health Care sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 69% operating margin.

Mission

THROUGH FUNDRAISING AND SUPPORT EFFORTS, THE FOUNDATION'S MISSION IS TO PROVIDE FUNDING FOR HMC'S NEEDS AND PROGRAMS IN ORDER TO HELP DELIVER HIGH QUALITY HEALTHCARE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,468,398
Program Service Revenue $0
Investment Income $1,523,175
Other Revenue $615,094
TOTAL REVENUE $6,606,667

Expense Breakdown

Grants Paid $860,183
Salaries & Benefits $574,693
Fundraising Expenses $173,527
Program Expenses $1,059,358
Other Expenses $588,798
TOTAL EXPENSES $2,023,674

Year-over-Year Comparison

2023 2022 Change
Revenue $6,606,667 $5,381,813 +0.2%
Expenses $2,023,674 $1,991,991 +0.0%
Net Income $4,582,993 $3,389,822 +0.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
75
Independent Members
56
Employees
5
Volunteers
190

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$3,248,681
Total Directors
83
$17,741,656
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY HALL TRUSTEE, SECRETARY 2.0
Officer Director
$0 $0 $0
Brad Holland HMC PRESIDENT, CEO 2.0
Officer Director
$0 $211,018 $1,644,883
JAY HARDAWAY TRUSTEE - VICE CHAIR 2.0
Officer Director
$0 $0 $0
Jeffrey Edwards MD TRUSTEE - CHAIR 2.0
Officer Director
$0 $38,884 $579,126
Jeremy Walker HMC SENIOR VP, CFO 2.0
Officer Director
$0 $70,987 $743,592
ANDY RUSSELL DO TRUSTEE 2.0
Director
$0 $0 $0
ANGIE WILEY TRUSTEE 2.0
Director
$0 $0 $0
AVERY SMITH TRUSTEE 2.0
Director
$0 $0 $0
Benton Brown TRUSTEE 2.0
Director
$0 $15,610 $1,061,013
BOONE POWELL TRUSTEE 2.0
Director
$0 $0 $0
BRADLEY BARHAM MD TRUSTEE 2.0
Director
$0 $0 $0
Brandon Caddell TRUSTEE 2.0
Director
$0 $37,179 $684,327
BRANDON OSBORN TRUSTEE 2.0
Director
$0 $0 $0
BRIAN LACROIX TRUSTEE 2.0
Director
$0 $0 $0
CASEY CURNUTT TRUSTEE 2.0
Director
$0 $0 $0
CHARLES ERWIN TRUSTEE 2.0
Director
$0 $0 $0
Charles Rotenberry TRUSTEE 2.0
Director
$0 $36,098 $709,382
Chris Thompson MD TRUSTEE 2.0
Director
$0 $22,121 $365,595
CLARK WIGINTON TRUSTEE 2.0
Director
$0 $0 $0
DAVID BAILEY TRUSTEE 2.0
Director
$0 $0 $0
DAVID YOUNG TRUSTEE 2.0
Director
$0 $0 $0
DEE MOORE TRUSTEE 2.0
Director
$0 $0 $0
DOUGLAS PETERS TRUSTEE 2.0
Director
$0 $0 $0
Elliott Vann MD Trustee 2.0
Director
$0 $37,249 $1,654,221
EMERALD CASSIDY TRUSTEE 2.0
Director
$0 $0 $0
Evan Hardegree TRUSTEE 2.0
Director
$0 $37,699 $1,538,837
EVAN HARRIS TRUSTEE 2.0
Director
$0 $0 $0
Ezeoke Chukwuemeka Trustee 2.0
Director
$0 $37,249 $968,714
F SCOTT DUESER TRUSTEE 2.0
Director
$0 $0 $0
GEOFF HANEY TRUSTEE 2.0
Director
$0 $0 $0
GLENN HALL TRUSTEE 2.0
Director
$0 $0 $0
Grady Yoder TRUSTEE 2.0
Director
$0 $0 $0
GREG BLAIR TRUSTEE 2.0
Director
$0 $0 $0
Ishmeet Walia MD Trustee 2.0
Director
$0 $18,966 $1,156,632
JACK RAMSEY TRUSTEE 2.0
Director
$0 $0 $0
Jacqueline Zimmerman Trustee 2.0
Director
$0 $27,286 $554,931
James Sweet Trustee 2.0
Director
$0 $37,588 $987,449
JAMIE BELZ TRUSTEE 2.0
Director
$0 $0 $0
JAROD YATES TRUSTEE 2.0
Director
$0 $0 $0
JASON DARBY TRUSTEE 2.0
Director
$0 $0 $0
JAY MOORE TRUSTEE 2.0
Director
$0 $0 $0
JENNIFER CHEUNG-NAVEJAS TRUSTEE 2.0
Director
$0 $0 $0
JENNIFER HANNER TRUSTEE 2.0
Director
$0 $0 $0
JIM WEBSTER MD TRUSTEE 2.0
Director
$0 $0 $0
JIMMY TITTLE TRUSTEE 2.0
Director
$0 $0 $0
JOE MANGREM TRUSTEE 2.0
Director
$0 $0 $0
JOEY LIGHT TRUSTEE 2.0
Director
$0 $0 $0
Jose Vega TRUSTEE 2.0
Director
$0 $39,153 $552,156
Josh McQueen TRUSTEE 2.0
Director
$0 $0 $0
Joshua Reed TRUSTEE 2.0
Director
$0 $37,068 $353,331
JV MARTIN TRUSTEE 2.0
Director
$0 $0 $0
Katherine Rinard MD Trustee 2.0
Director
$0 $37,849 $689,948
KAYE PRICE-HAWKINS TRUSTEE 2.0
Director
$0 $0 $0
Kevin Bridge MD Trustee 2.0
Director
$0 $31,929 $2,058,510
LANNY VINSON TRUSTEE 2.0
Director
$0 $0 $0
LAUREN TEMPLETON DO TRUSTEE 2.0
Director
$0 $0 $0
LEIGH BLACK TRUSTEE 2.0
Director
$0 $0 $0
LEIGH TALIAFERRO TRUSTEE 2.0
Director
$0 $0 $0
Marsha Lovelady TRUSTEE 2.0
Director
$0 $0 $0
MATHEW COPE MD TRUSTEE 2.0
Director
$0 $0 $0
MATT HIGGINS TRUSTEE 2.0
Director
$0 $0 $0
MIKE WATERS TRUSTEE 2.0
Director
$0 $0 $0
MIKE WOODARD TRUSTEE 2.0
Director
$0 $0 $0
MISTY LOWRY TRUSTEE 2.0
Director
$0 $0 $0
MITCH BARNETT TRUSTEE 2.0
Director
$0 $0 $0
NORM ARCHIBALD TRUSTEE 2.0
Director
$0 $0 $95,726
RANDY LLOYD TRUSTEE 2.0
Director
$0 $0 $0
RICHARD DEULOFEUT MD TRUSTEE 2.0
Director
$0 $0 $0
ROB BECKHAM TRUSTEE 2.0
Director
$0 $0 $0
ROCKY MCADAMS TRUSTEE 2.0
Director
$0 $0 $0
ROMONA BROGAN TRUSTEE 2.0
Director
$0 $0 $0
SAM VINSON TRUSTEE 2.0
Director
$0 $0 $0
Samantha Baker TRUSTEE 2.0
Director
$0 $0 $0
SAMANTHA GOODMAN TRUSTEE 2.0
Director
$0 $0 $0
Sandip Mathur Trustee 2.0
Director
$0 $25,266 $981,314
SETH ARDOIN DDS TRUSTEE 2.0
Director
$0 $0 $0
SHEA HALL TRUSTEE 2.0
Director
$0 $0 $0
STACIE STEPHENSON TRUSTEE 2.0
Director
$0 $0 $0
STAN LAMBERT TRUSTEE 2.0
Director
$0 $0 $0
Stuart Martin MD Trustee 2.0
Director
$0 $11,763 $361,969
TED EVANS TRUSTEE 2.0
Director
$0 $0 $0
TIM LANCASTER TRUSTEE 2.0
Director
$0 $0 $0
Will Dugger TRUSTEE 2.0
Director
$0 $0 $0
Bradley Benham Hendrick Health VP, Foundation 40.0
Officer
$234,425 $46,655 $281,080
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,606,667 $2,023,674 $80,387,897 $4,582,993
2023 $5,381,813 $1,991,991 $76,413,858 $3,389,822
2022 $3,085,565 $2,082,353 $64,912,860 $1,003,212
2021 $5,823,219 $1,979,297 $69,666,259 $3,843,922
2020 $2,996,139 $2,480,366 $72,012,005 $515,773
2019 $3,445,214 $3,061,937 $71,378,771 $383,277
2018 $3,698,698 $1,595,738 $69,731,548 $2,102,960
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