SID PETERSON MEMORIAL HOSPITAL

EIN: 742557820 501(c)(3) Health Care

KERRVILLE, TX

Total Revenue
$238,296,160
Total Expenses
$204,716,921
Total Assets
$353,644,819
Net Assets
$286,350,233
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
TX
Principal Officer
COREY EDMONDSON
Phone
8302587795
Tax Period
2024-07-01 to 2025-06-30

SID PETERSON MEMORIAL HOSPITAL, founded in 1990, is a major nonprofit in the Health Care sector that reported $238.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $204.7M left a modest 14% surplus.

Mission

PETERSON REGIONAL MEDICAL CENTER PROVIDES EXCEPTIONAL, COMPASSIONATE, PATIENT-CENTERED HEALTHCARE.

Program Service Accomplishments

Program 1
Expenses: $163,926,441 Revenue: $217,893,194

PETERSON REGIONAL MEDICAL CENTER IS A PRIVATE, NOT-FOR-PROFIT COMMUNITY HOSPITAL IN KERRVILLE, TEXAS. KERRVILLE IS LOCATED IN KERR COUNTY, APPROXIMATELY 60 MILES NORTHWEST OF SAN ANTONIO AND 80 MILES...

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PETERSON REGIONAL MEDICAL CENTER IS A PRIVATE, NOT-FOR-PROFIT COMMUNITY HOSPITAL IN KERRVILLE, TEXAS. KERRVILLE IS LOCATED IN KERR COUNTY, APPROXIMATELY 60 MILES NORTHWEST OF SAN ANTONIO AND 80 MILES SOUTH WEST OF AUSTIN. PETERSON REGIONAL MEDICAL CENTER SERVES THE COMMUNITIES AND RESIDENTS IN THE FOLLOWING COUNTIES: KERR, BANDERA, GILLESPIE, KIMBLE, EDWARDS AND REAL. PETERSON REGIONAL MEDICAL CENTER ANCHORS A 35-ACRE CAMPUS INCLUDING A 124-BED ACUTE CARE HOSPITAL PROVIDING SERVICES INCLUDING: 24/7EMERGENCY DEPARTMENT, WOMEN'S SERVICES (INCLUDING MATERNAL/NEWBORN), ACUTE INPATIENT REHABILITATION, ORTHOPEDICS, GENERAL SURGERY, DIAGNOSTIC IMAGING, INTENSIVE CARE UNIT, AND LABORATORY. ON THE SAME CAMPUS IS AN AMBULATORY CARE CENTER PROVIDING OUTPATIENT REHAB SERVICES, OUTPATIENT SURGERY, OUTPATIENT DIAGNOSTIC IMAGING AND HYPERBARIC WOUND CARE. PETERSON HOSPICE SERVICE AND PETERSON HOME CARE SERVICES ARE ALSO MEMBERS OF THE PETERSON REGIONAL FAMILY OF SERVICES BUT LOCATED OFF-SITE.

Program 2
Expenses: $5,091,362 Revenue: $4,849,229

PETERSON HOME CARE PROVIDES A COMPREHENSIVE TEAM OF HEALTHCARE PROFESSIONALS TO THE RESIDENTS OF THE HILL COUNTRY, SPECIFICALLY KERR, GILLESPIE AND BANDERA COUNTIES. PETERSON HOME CARE IS A...

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PETERSON HOME CARE PROVIDES A COMPREHENSIVE TEAM OF HEALTHCARE PROFESSIONALS TO THE RESIDENTS OF THE HILL COUNTRY, SPECIFICALLY KERR, GILLESPIE AND BANDERA COUNTIES. PETERSON HOME CARE IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING A COMPREHENSIVE RANGE OF PROFESSIONAL SERVICES INCLUDING: NURSING CARE, PHYSICAL AND SPEECH THERAPY, OSTOMY AND WOUND CARE, IV ANTIBIOTICS, CHEMOTHERAPY, AIDE SERVICES AND MEDICATION MANAGEMENT. ALL SERVICES ARE COORDINATED THROUGH AN INTERDISCIPLINARY APPROACH TO PATIENT CARE AND ESTABLISHED UNDER A PLAN OF TREATMENT OF A PHYSICIAN. DIAGNOSTIC AND LABORATORY SERVICES, AS WELL AS MEDICAL AND SURGICAL SUPPLIES ARE ALSO PROVIDED IN CONJUNCTION WITH SKILLED CARE. HOME CARE HAD 1,554 ADMISSIONS DURING THE YEAR AND 24,164 VISITS.

Program 3
Expenses: $5,248,451 Revenue: $6,268,050

PETERSON HOSPICE IS A DEPARTMENT OF PRMC AND IS LOCATED OFF CAMPUS. IT OPERATES AS ONE OF THE HOSPITAL'S MANY OUTREACHES FOR THE HILL COUNTRY COMMUNITIES IT SERVES. PETERSON HOSPICE IS THE ONLY...

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PETERSON HOSPICE IS A DEPARTMENT OF PRMC AND IS LOCATED OFF CAMPUS. IT OPERATES AS ONE OF THE HOSPITAL'S MANY OUTREACHES FOR THE HILL COUNTRY COMMUNITIES IT SERVES. PETERSON HOSPICE IS THE ONLY NON-PROFIT HOSPICE IN THE HILL COUNTRY WITH A MISSION THAT NO ONE WILL BE DENIED HOSPICE CARE BECAUSE OF AN INABILITY TO PAY. IN ADDITION TO PROVIDING HOSPICE CARE, PETERSON HOSPICE ALSO PROVIDES THE FOLLOWING UNFUNDED COMMUNITY SERVICES: 1. NAVIGATING THE WATERS OF GRIEF A SIX WEEK GRIEF SUPPORT GROUP FOR ADULTS. THIS PROGRAM IS FACILITATED TWICE A YEAR BY A GRIEF EXPERT WHO IS A LICENSED MEDICAL SOCIAL WORKER (MSW). NAVIGATING THE WATERS OF GRIEF WORKS CLOSELY WITH HILL COUNTRY CLERGY AND THE LOCAL COMMUNITIES TO SERVE HOSPICE FAMILIES AS WELL AS OTHERS FACING THE LOSS OF A LOVED ONE OR FRIEND. 2. BRIDGING THE GAP A SIX WEEK GRIEF SUPPORT GROUP FOR CHILDREN AGES KINDER THROUGH 12TH GRADE. THIS PROGRAM GIVES THEM THE TOOLS THEY NEED TO WORK THROUGH THE GRIEVING PROCESS. THE PARENTS ATTEND AS WELL TO OPEN COMMUNICATION AND FEELINGS TO HELP THE CHILD DEAL WITH GRIEF AT THEIR AGE APPROPRIATE LEVEL. BTG WORKS WITH ALL HILL COUNTRY SCHOOLS AND THEIR COUNSELORS. THE LOCAL COMMUNITY SERVES AS FACILITATORS AND VOLUNTEERS FOR THIS EXCELLENT PROGRAM. 3. CAMP RAYS OF HOPE IS A STATEWIDE PROGRAM WHICH IS A WEEKEND RETREAT FOR GRIEVING CHILDREN THAT INCORPORATES THE PARENTS AS WELL. THE CHILDREN LEARN NEW WAYS TO COPE WITH THEIR LOSS, AND TO MEET OTHERS WITH SIMILAR CIRCUMSTANCES TO REMEMBER SPECIAL TIMES, TO MAKE NEW FRIENDS, AND TO HAVE FUN. 4. FLORAL PROGRAM IS A VOLUNTEER DRIVEN PROGRAM THAT DELIVERS FLOWERS TO OUR PATIENTS. THE LOCAL FLORISTS IN THE AREA DONATE THE FLOWERS AND VOLUNTEERS ARRANGE AND DELIVER THEM. VOLUNTEERS ALSO SUPPORT FAMILIES AND PATIENTS WITH THEIR VISITS. 5. PATHWAYS THIS VOLUNTEER OUTREACH OFFERS HOME BASED SOCIAL AND EMOTIONAL SUPPORT TO CLIENTS WITH AN ILLNESS THAT HAS A LIMITED LIFE EXPECTANCY BUT IS NOT YET HOSPICE APPROPRIATE. VOLUNTEERS HELP REDUCE THE ISOLATION AND VULNERABILITY THAT CLIENTS AND FAMILIES EXPERIENCE DURING A DIFFICULT TIME. EDUCATION IS AVAILABLE THROUGH PRMC RESOURCES REGARDING DISEASE PROCESSES, COPING STRATEGIES, ADVANCE DIRECTIVES, AND PRACTICAL AND SPIRITUAL ISSUES. THIS SUPPORT HELPS CLIENTS DEFINE THEIR QUALITY OF LIFE. 6. COMMUNITY SERVE PROGRAM OFFERING OPPORTUNITIES FOR CITIZENS TO FULFILL COURT OBLIGATIONS IN A BENEFICIAL MANNER. 367 ADMISSIONS ACCOUNTED FOR 38,423 PATIENT DAYS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,256,874
Program Service Revenue $226,964,261
Investment Income $6,864,888
Other Revenue $2,210,137
TOTAL REVENUE $238,296,160

Expense Breakdown

Grants Paid $104,306
Salaries & Benefits $113,855,336
Fundraising Expenses $528,825
Program Expenses $174,315,213
Other Expenses $90,757,279
TOTAL EXPENSES $204,716,921

Year-over-Year Comparison

2024 2023 Change
Revenue $238,296,160 $213,272,098 +0.1%
Expenses $204,716,921 $181,252,546 +0.1%
Net Income $33,579,239 $32,019,552 +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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Governance

Voting Members
12
Independent Members
12
Employees
1622
Volunteers
N/A

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
9
$2,833,298
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN P BOWERS DIRECTOR 10.00
Director
$0 $0 $0
KRISTEN MCALEXANDER DIRECTOR 5.00
Officer Director
$0 $0 $0
JAMES A YOUNG MD DIRECTOR 5.00
Director
$0 $0 $0
KEITH WILLIAMS DIRECTOR 5.00
Director
$0 $0 $0
MARY LIZ EASTLAND CHAIR ELECT 5.00
Director
$0 $0 $0
KENDALL DAVISON DIRECTOR 5.00
Director
$0 $0 $0
ROSE BRADSHAW DIRECTOR 5.00
Director
$0 $0 $0
SYLVIA FRITZ DOBBS VICE CHAIR 5.00
Director
$0 $0 $0
THOMAS HOUDESHELL CHAIRMAN 5.00
Director
$0 $0 $0
TONI MANCHESTER DIRECTOR 5.00
Director
$0 $0 $0
MARK ARMSTRONG DIRECTOR 5.00
Director
$0 $0 $0
JEREMY WALTHER DIRECTOR 40.00
Director
$0 $0 $0
MICHAEL ROSS MD DIRECTOR 40.00
Director
$0 $0 $0
GAYE AVERY DIRECTOR 40.00
Director
$0 $0 $0
BRIAN ROBICHEAUX CIO 40.00
Officer
$255,406 $52,114 $307,520
CORY EDMONSON CEO 40.00
Officer
$725,619 $103,598 $829,217
DENTON GRUZENSKY CHIEF HUMAN RESOURCES OFFI 40.00
Officer
$0 $0 $0
JOE PISZCZOR VP OF OPERATIONS 40.00
Officer
$269,644 $70,332 $339,976
KAELI DRESSLER CNO 40.00
Officer
$246,047 $71,992 $318,039
LISA MEDOVICH CFO 40.00
Officer
$394,936 $100,006 $494,942
TRACY DAVIS VP OF POPULATION HEALTH 40.00
Officer
$251,880 $33,622 $285,502
ANNE RAYMOND DIRECTOR OF PHARMACY 40.00
Officer
$213,759 $44,343 $258,102
CHRISTOPHER GLANTON CMO 40.00
Highest
$462,165 $74,362 $536,527
KAREN CLARK DIRECTOR OF MATERIALS MGMT 40.00
Highest
$189,994 $54,441 $244,435
TIMOTHY RYE CHIEF STRATEGY DEVELOPMENT 40.00
Highest
$217,465 $55,982 $273,447
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
2025 $238,296,160 $204,716,921 $353,644,819 $33,579,239
2024 $213,272,098 $181,252,546 $323,259,705 $32,019,552
2023 $192,414,654 $174,830,522 $290,019,605 $17,584,132
2022 $217,464,020 $194,800,502 $274,567,180 $22,663,518
2021 $197,777,145 $179,955,583 $315,585,988 $17,821,562
2020 $180,306,553 $163,574,363 $286,905,364 $16,732,190
2019 $186,440,685 $161,596,583 $256,619,169 $24,844,102
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