GEORGETOWN HEALTHCARE SYSTEM INC

EIN: 742427148 501(c)(3) Health Care

GEORGETOWN, TX

Total Revenue
$4,178,900
Total Expenses
$4,309,339
Total Assets
$56,329,972
Net Assets
$52,805,108
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
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

THE ORGANIZATION IS DEDICATED TO THE PROMOTION OF QUALITY, ACCESSIBLE HEALTHCARE FOR ALL PERSONS LIVING IN THE GEORGETOWN, TX COMMUNITY AND SURROUNDING AREA. AS A PARTNER IN THE ST. DAVID'S HEALTHCARE PARTNERSHIP, WE PROVIDE HEALTHCARE TO THE PUBLIC THROUGH THE OPERATION OF FOUR HOSPITALS IN THE CENTRAL TEXAS AREA WHICH OPERATE UNDER THE COMMUNITY BENEFIT STANDARD. LOCALLY, WE INVEST IN AND PARTNER WITH OTHER NON-PROFIT ORGANIZATIONS WHO, LIKE US, ARE COMMITTED TO IMPROVING THE SOCIAL DETERMINANTS OF HEALTH IN OUR COMMUNITY WITH A GOAL OF BUILDING AND SUSTAINING HEALTHY, PRODUCTIVE LIVES FOR GEORGETOWN RESIDENTS.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
10
Volunteers
75

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
2
$722,186
Total Directors
14
$0
Key Employees
1
$235,064
Highest Compensated
0
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
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