HOUSTON HEALTHCARE SYSTEM INC (EIN 711045299) - 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

2009

Legal Domicile

Principal Officer

CHARLES BRISCOE

Phone

4785427959

Tax Period

2023-01-01 to 2023-12-31

HOUSTON HEALTHCARE SYSTEM INC, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $29.6M exceeded revenue, resulting in a 91% operating deficit.

Mission

TO IMPROVE THE HEALTHCARE OF THE COMMUNITIES WE SERVE BY PROVIDING PATIENT-FOCUSED, HIGH-QUALITY, COST-EFFECTIVE SERVICES WHILE PROMOTING HEALTH AND WELLNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,613,373

Investment Income $27,031

Other Revenue $-117,926

TOTAL REVENUE $15,522,478

Expense Breakdown

Grants Paid $707

Salaries & Benefits $23,829,587

Fundraising Expenses $0

Program Expenses $26,742,836

Other Expenses $5,744,434

TOTAL EXPENSES $29,574,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,522,478	$11,005,099	+0.4%
Expenses	$29,574,728	$21,191,849	+0.4%
Net Income	$-14,052,250	$-10,186,750	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$793,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED GRAHAM	DIRECTOR (UNTIL 12/7/2023)	3.00	Director	$0	$0	$0
IVAN ALLEN	CHAIRMAN	3.00	Director	$0	$0	$0
MARK BYRD	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT WESTMORELAND	DIRECTOR	3.00	Director	$0	$0	$0
LARRY WARNOCK	VICE-CHAIRMAN	4.00	Director	$0	$0	$0
TRUDIE WARREN	DIRECTOR	3.00	Director	$0	$0	$0
ANGIE GHEESLING	DIRECTOR	3.00	Director	$0	$0	$0
TOMMY STALNAKER	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT TUGGLE	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES BRISCOE	PRESIDENT & CEO	5.00	Officer	$0	$23,074	$457,224
SEAN WHILDEN	VP, CFO, INTERIM COO	5.00	Officer	$0	$25,498	$335,926
FREDERICK ONI	PHYSICIAN	45.00	Highest	$1,124,274	$20,364	$1,144,638
DAN IOANITESCU	PHYSICIAN	45.00	Highest	$833,611	$19,164	$852,775
SARAH STANESCU	PHYSICIAN	45.00	Highest	$746,892	$12,393	$759,285
VICTOR ANDRESS	PHYSICIAN	45.00	Highest	$705,006	$22,226	$727,232
THEKKEPAT SEKHAR	PHYSICIAN	45.00	Highest	$683,862	$7,303	$691,165

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	No data	No data	No data	No data
2023	$15,522,478	$29,574,728	$3,073,065	$-14,052,250
2022	$11,005,099	$21,191,849	$3,270,346	$-10,186,750
2021	$10,479,781	$19,043,215	$2,831,389	$-8,563,434
2020	$9,140,897	$17,065,103	$2,919,508	$-7,924,206
2019	$6,715,536	$13,734,313	$2,848,583	$-7,018,777
2018	$3,312,449	$8,899,058	$2,061,343	$-5,586,609

HOUSTON HEALTHCARE SYSTEM INC