HEALTH CENTER OF SOUTHEAST TEXAS

EIN: 562508501 501(c)(3) Health Care

CLEVELAND, TX

Total Revenue
$14,784,448
Total Expenses
$13,257,743
Total Assets
$14,528,684
Net Assets
$12,688,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Principal Officer
STEVEN RACCIATO
Phone
2815922224
Tax Period
2024-01-01 to 2024-12-31

HEALTH CENTER OF SOUTHEAST TEXAS, founded in 2005, is a mid-sized nonprofit in the Health Care sector that reported $14.8M in total revenue in fiscal year 2024. Expenses of $13.3M left a modest 10% surplus.

Mission

OUR MISSION IS TO PROVIDE ACCESSIBLE, COMPASSIONATE, CULTURALLY COMPETENT, AND QUALITY HEALTH CARE, AFFORDABLE FOR ALL, REGARDLESS OF ABILITY TO PAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,250,670
Program Service Revenue $9,226,949
Investment Income $13,891
Other Revenue $292,938
TOTAL REVENUE $14,784,448

Expense Breakdown

Grants Paid $118,148
Salaries & Benefits $8,812,200
Fundraising Expenses $0
Program Expenses $10,909,705
Other Expenses $4,327,395
TOTAL EXPENSES $13,257,743

Year-over-Year Comparison

2024 2023 Change
Revenue $14,784,448 $14,166,896 +0.0%
Expenses $13,257,743 $12,699,343 +0.0%
Net Income $1,526,705 $1,467,553 +0.0%
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
9
Independent Members
9
Employees
169
Volunteers
3

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
$246,515
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN BAILES BOARD MEMBER 1.00
Director
$0 $0 $0
AMALIA REDDELL BOARD MEMBER 1.00
Director
$0 $0 $0
SHERRY WOLFE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER BERGMAN BOARD MEMBER 1.00
Director
$0 $0 $0
KARI RHODES BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WEST SMITH CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
ILONA MOLTON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
EISHA JONES TRESURER 1.00
Officer Director
$0 $0 $0
SCOTT LAMBERT SECRETARY 1.00
Officer Director
$0 $0 $0
STEVEN RACCIATO CEO - EXCECUTIVE DIRECTOR 40.00
Officer
$235,000 $11,515 $246,515
JASMINE SULAIMAN CMO 40.00
Highest
$350,000 $11,524 $361,524
RICARDO ESCOBAR EMPLOYEE - PSYCHIATRIST 40.00
Highest
$245,145 $11,624 $256,769
TAMANNA FERDOUS EMPLOYEE - PHYSICIAN 40.00
Highest
$201,973 $10,555 $212,528
ROBERT HENRY EMPLOYEE - PHYSICIAN 40.00
Highest
$245,145 $11,985 $257,130
RESHMIBHAT PARAMESWARANUNNI EMPLOYEE - PHYSICIAN 40.00
Highest
$218,132 $11,509 $229,641
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 $14,784,448 $13,257,743 $14,528,684 $1,526,705
2023 $14,166,896 $12,699,343 $13,174,088 $1,467,553
2022 $13,737,994 $11,796,583 $11,478,537 $1,941,411
2021 $11,030,528 $9,646,108 $9,564,115 $1,384,420
2020 $9,202,770 $8,196,378 $7,898,966 $1,006,392
2019 $7,936,752 $7,251,170 $6,211,217 $685,582
2018 $7,262,646 $6,042,401 $5,584,349 $1,220,245
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