GEORGETOWN HEALTHCARE SYSTEM INC

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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

1985

Legal Domicile

Principal Officer

SCOTT ALARCON

Phone

5129312221

Tax Period

2023-01-01 to 2023-12-31

GEORGETOWN HEALTHCARE SYSTEM INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $4.2M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $52.8M represent 152 months of operating reserves.

Mission

TO PROMOTE AND FACILITATE THE ADVANCEMENT OF AFFORDABLE HEALTH CARE TO THE COMMUNITY OF GEORGETOWN AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $2,934,104 Revenue: $59,413

THE REPORTING ORGANIZATION PROVIDES GRANTS TO COMMUNITY ORGANIZATIONS THAT PROMOTE IMPROVED ACCESS TO, OR DIRECTLY PROVIDE HEALTHCARE TO THE CITIZENS OF THE GEORGETOWN, TEXAS AREA REGARDLESS OF THEIR...

Program 2

Revenue: $3,098,546

THE REPORTING ORGANIZATION IS A PARTNER IN THE ST. DAVID'S HEALTHCARE PARTNERSHIP, LP, LLP. THE HOSPITALS IN THE PARTNERSHIP ARE DEDICATED TO SERVING CENTRAL TEXAS UNDER THE COMMUNITY BENEFIT...

THE REPORTING ORGANIZATION IS A PARTNER IN THE ST. DAVID'S HEALTHCARE PARTNERSHIP, LP, LLP. THE HOSPITALS IN THE PARTNERSHIP ARE DEDICATED TO SERVING CENTRAL TEXAS UNDER THE COMMUNITY BENEFIT STANDARD AND THE AFFORDABLE CARE ACT. ST. DAVID'S HEALTHCARE PARTNERSHIP INCLUDES HOSPITALS, FREE-STANDING EMERGENCY ROOMS, AMBULATORY CARE CENTERS, AND URGENT CARE CENTERS.

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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 $775,000

Program Service Revenue $3,098,546

Investment Income $638,907

Other Revenue $-333,553

TOTAL REVENUE $4,178,900

Expense Breakdown

Grants Paid $1,731,674

Salaries & Benefits $1,609,756

Fundraising Expenses $0

Program Expenses $2,934,104

Other Expenses $967,909

TOTAL EXPENSES $4,309,339

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,178,900	$7,322,674	-0.4%
Expenses	$4,309,339	$4,656,976	-0.1%
Net Income	$-130,439	$2,665,698	-1.0%

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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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

$722,186

Total Directors

Key Employees

$235,064

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM DONOVAN MD	PAST CHAIR	1.50	Director	$0	$0	$0
BRADLEY SMITH	CHAIR	2.00	Director	$0	$0	$0
STEVE WEST	SECRETARY	1.50	Director	$0	$0	$0
DENISSE BALDWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAR HU PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE INMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DELTA JOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN LAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN MAIER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA MEIGS	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY MORALES	BOARD MEMBER	1.00	Director	$0	$0	$0
SOFIA NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SMITH	CHAIR-ELECT	1.50	Director	$0	$0	$0
ROBERT STERN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
M SCOTT ALARCON	CEO	40.00	Officer	$448,786	$63,439	$512,225
KARIN SLADEK	CFO	40.00	Officer	$188,504	$21,457	$209,961
MARY S PUKYS	VP-STRATEGIC PHILANTHROPY	40.00	Key Emp	$195,362	$39,702	$235,064

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	$4,178,900	$4,309,339	$56,329,972	$-130,439
2022	$7,322,674	$4,656,976	$52,988,258	$2,665,698
2021	$7,909,362	$3,527,886	$54,074,527	$4,381,476
2020	$5,025,825	$4,022,773	$48,632,540	$1,003,052
2019	$3,877,002	$4,092,847	$46,689,738	$-215,845
2018	$4,414,861	$4,266,974	$45,047,615	$147,887