HEART OF TEXAS HEALTHCARE SYSTEM (EIN 320326595) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

TIM JONES

Phone

3255972901

Tax Period

2019-04-01 to 2020-03-31

HEART OF TEXAS HEALTHCARE SYSTEM, founded in 2011, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2019. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.6M, a strong 35% operating margin.

Mission

TO PROMOTE THE HEALTH OF THE RESIDENTS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING COMMUNITIES, IN ANY APPROPRIATE MANNER AND IN COMPLIANCE WITH APPLICABLE FEDERAL AND STATE LAWS.

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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%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $19,787

Program Service Revenue $18,494,816

Investment Income $454,803

Other Revenue $8,726,245

TOTAL REVENUE $27,695,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,180,633

Fundraising Expenses $0

Program Expenses $15,872,829

Other Expenses $12,878,290

TOTAL EXPENSES $18,058,923

Year-over-Year Comparison

	2019	2018	Change
Revenue	$27,695,651	$24,549,713	+0.1%
Expenses	$18,058,923	$18,308,904	0.0%
Net Income	$9,636,728	$6,240,809	+0.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

135

Volunteers

N/A

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

$530,566

Total Directors

$322,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE YOUNG-DERRICK	PRESIDENT	1.00	Director	$0	$0	$0
KIRK RODDIE	VICE PRESIDENT	1.00	Director	$0	$0	$0
TERRY KELTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SCHAFFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM JONES	CEO	40.00	Officer Director	$322,255	$0	$322,255
RENAE THOMAS	CFO	40.00	Officer	$100,330	$0	$100,330
RAMONA SLOAN	CNO	40.00	Officer	$107,981	$0	$107,981

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
2020	$27,695,651	$18,058,923	$57,981,362	$9,636,728
2019	$24,549,713	$18,308,904	$48,006,718	$6,240,809
2018	$24,221,000	$17,325,095	$41,381,984	$6,895,905

HEART OF TEXAS HEALTHCARE SYSTEM