WACO FAMILY PRACTICE FOUNDATION

EIN: 742446071 501(c)(3) Health Care

WACO, TX

Total Revenue
$5,505,077
Total Expenses
$5,143,601
Total Assets
$81,492,785
Net Assets
$48,730,397
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
TX
Phone
2543134200
Tax Period
2024-01-01 to 2024-09-30

WACO FAMILY PRACTICE FOUNDATION, founded in 1986, is a community nonprofit in the Health Care sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $5.1M left a modest 7% surplus.

Mission

PROMOTE PRIMARY HEALTH EDUCATION & PRIMARY HEALTH CARE PROGRAMS VIA SUPPORT OF MCLENNAN COUNTY MEDICAL EDUCATION & RESEARCH FOUNDATION & HEART OF TEXAS COMMUNITY HEALTH CENTER.

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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 $6,339,720
Program Service Revenue $0
Investment Income $-1,549,956
Other Revenue $715,313
TOTAL REVENUE $5,505,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $259,906
Fundraising Expenses $0
Program Expenses $4,782,754
Other Expenses $4,883,695
TOTAL EXPENSES $5,143,601

Year-over-Year Comparison

2024 2023 Change
Revenue $5,505,077 $6,626,150 -0.2%
Expenses $5,143,601 $650,140 +6.9%
Net Income $361,476 $5,976,010 -0.9%
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
17
Independent Members
17
Employees
N/A
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG HARGENRADER TREASURER 1.0
Officer Director
$0 $0 $0
JACKSON GRIGGS MD CHAIRMAN 1.0
Officer Director
$0 $0 $0
BEN LACY BOARD MEMBER 1.0
Director
$0 $0 $0
BILL CLIFTON BOARD MEMBER 1.0
Director
$0 $0 $0
CHRIS LANCASTER BOARD MEMBER 1.0
Director
$0 $0 $0
CLAY SAWYER MD BOARD MEMBER 1.0
Director
$0 $0 $0
DON LEWIS MD BOARD MEMBER 1.0
Director
$0 $0 $0
ED PAGE BOARD MEMBER 1.0
Director
$0 $0 $0
JAY CAMPBELL MD BOARD MEMBER 1.0
Director
$0 $0 $0
JIM HALLER BOARD MEMBER 1.0
Director
$0 $0 $0
JOHNETTE MCKOWN PHD BOARD MEMBER 1.0
Director
$0 $0 $0
LINDA WILLIAMS BOARD MEMBER 1.0
Director
$0 $0 $0
MIKE BEARD BOARD MEMBER 1.0
Director
$0 $0 $0
MIKE HARDIN BOARD MEMBER 1.0
Director
$0 $0 $0
MONTE HULSE BOARD MEMBER 1.0
Director
$0 $0 $0
PHILIP PATTERSON BOARD MEMBER 1.0
Director
$0 $0 $0
SHANE TURNER BOARD MEMBER 1.0
Director
$0 $0 $0
ALFRED SOLANO Vice President of WFM Foundation 40.0
Officer
$0 $0 $0
DOUG MCDURHAM PRESIDENT 40.0
Officer
$0 $0 $0
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 $5,505,077 $5,143,601 $81,492,785 $361,476
2023 $6,626,150 $650,140 $67,080,713 $5,976,010
2022 $18,763,731 $570,592 $47,581,056 $18,193,139
2021 $6,128,825 $214,584 $28,853,654 $5,914,241
2020 $2,100,062 $349,040 $22,800,237 $1,751,022
2019 $1,924,416 $317,594 $21,408,006 $1,606,822
2018 $1,240,957 $231,480 $19,165,428 $1,009,477
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