BRADY, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE SYSTEM'S PURPOSES ARE 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; AND TO OWN, OPERATE, OR MANAGE, OR PARTICIPATE IN THE OWNERSHIP, OPERATION, OR MANAGEMENT OF, ONE OR MORE HOSPITALS OR HEALTH CARE ORGANIZATIONS OR OTHER ENTITIES WHOSE PURPOSE IS THE DELIVERY OF OR ARRANGEMENT FOR HEALTH CARE OR HEALTH-RELATED SERVICES, INCLUDING BUT NOT LIMITED TO HEART OF TEXAS MEMORIAL HOSPITAL ("HOSPITAL").
HEART OF TEXAS HEALTHCARE SYSTEM IS DEDICATED TO PROVIDING ACCESSIBLE HEALTHCARE SERVICES TO THE CITIZENS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING AREAS. THE SYSTEM IS A 25-BED CRITICAL ACCESS...
HEART OF TEXAS HEALTHCARE SYSTEM IS DEDICATED TO PROVIDING ACCESSIBLE HEALTHCARE SERVICES TO THE CITIZENS OF MCCULLOCH COUNTY, TEXAS AND SURROUNDING AREAS. THE SYSTEM IS A 25-BED CRITICAL ACCESS HOSPITAL OFFERING COMPREHENSIVE HEALTHCARE. THE HOSPITAL HAD 1014 ACUTE DAYS AND 81 SWING BED DAYS IN FISCAL YEAR 2015.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HEART OF TEXAS HEALTHCARE SYSTEM with other nonprofits in Texas and across the country.