Texas Health Back Care

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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

2015

Legal Domicile

Principal Officer

Shawn Parsley

Phone

6822367900

Tax Period

2024-01-01 to 2024-12-31

Texas Health Back Care, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $22.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $37.1M exceeded revenue, resulting in a 63% operating deficit.

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES, REGARDLESS OF THEIR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $18,471,962 Revenue: $22,766,079

TEXAS HEALTH BACK CARE (THBC) IS A MEMBER OF TEXAS HEALTH RESOURCES (THR) A LARGE HEALTHCARE SYSTEM LOCATED IN NORTH TEXAS. THBC EMPLOYS PHYSICIANS, MID-LEVEL PROVIDERS AND PHYSICAL THERAPISTS WHO...

TEXAS HEALTH BACK CARE (THBC) IS A MEMBER OF TEXAS HEALTH RESOURCES (THR) A LARGE HEALTHCARE SYSTEM LOCATED IN NORTH TEXAS. THBC EMPLOYS PHYSICIANS, MID-LEVEL PROVIDERS AND PHYSICAL THERAPISTS WHO ALL CONCENTRATE ON THE TREATMENT OF SPINE, BACK AND PAIN-RELATED AILMENTS. THBC PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF THE PATIENT'S RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. THERE WERE 88,349 OFFICE VISITS DURING the year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,749,223

Investment Income $0

Other Revenue $16,856

TOTAL REVENUE $22,766,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,700,218

Fundraising Expenses $0

Program Expenses $18,471,962

Other Expenses $19,393,185

TOTAL EXPENSES $37,093,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,766,079	$20,873,172	+0.1%
Expenses	$37,093,403	$33,975,375	+0.1%
Net Income	$-14,327,324	$-13,102,203	+0.1%

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

N/A

Employees

Volunteers

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

$5,057,657

Total Directors

$3,108,967

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Parsley DOShawn D	Chairman/President	2.0	Officer Director	$0	$286,338	$1,791,897
KramerKenneth J	Assistant Secretary	0.5	Officer	$0	$271,306	$1,617,416
PatelNeil N	PHYS PRACTICE	40.0	Highest	$1,000,286	$50,607	$1,050,893
ZaryanovAnton	PHYS PRACTICE	40.0	Highest	$921,696	$79,546	$1,001,242
JacksonDavid W	Assistant Secretary	0.5	Officer	$0	$125,382	$834,928
RothbartDavid	V Chair/Physician	40.0	Director	$615,666	$90,463	$706,129
CampbellDavid Hunter	PHYS PRACTICE	40.0	Highest	$630,088	$59,643	$689,731
BergAnthony	PHYS PRACTICE	40.0	Highest	$568,622	$78,295	$646,917
Taylor MDWalton Albert	Immediate Past Chair	2.0	Director	$0	$69,483	$610,941
ReevesRyan Scott	PHYS PRACTICE	40.0	Highest	$511,527	$85,876	$597,403
CantuStacy G	Corporate Secretary	0.5	Officer	$0	$73,969	$473,514
BraxtonKenneth W	Assistant Secretary	0.5	Officer	$0	$42,123	$339,902

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	$22,766,079	$37,093,403	$3,758,677	$-14,327,324
2023	$20,873,172	$33,975,375	$3,525,553	$-13,102,203
2022	$20,155,221	$28,602,373	$4,156,055	$-8,447,152
2021	$21,893,488	$30,605,789	$3,882,940	$-8,712,301
2020	$15,071,019	$25,453,650	$1,546,774	$-10,382,631
2019	$17,766,954	$21,702,820	$1,286,227	$-3,935,866
2018	$16,886,812	$18,724,497	$1,682,866	$-1,837,685