Hillcrest Health System Inc (EIN 742924512) - 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

2000

Legal Domicile

Principal Officer

Chris Lancaster

Phone

2148204135

Tax Period

2023-09-01 to 2024-08-31

Hillcrest Health System Inc, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $11.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 100% operating margin.

Mission

Hillcrest Health System, Inc. (HHS) is to be administered soley for the benefit of Hillcrest Baptist Medical Center dba Baylor Scott & White Medical Center-Hillcrest (BSWMC-Hillcrest), a Texas non-profit corporation, by providing, directly or indirectly, assistance and benefit, financial or otherwise, to BSWMC-Hillcrest.

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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 $11,143,159

Investment Income $327

Other Revenue $0

TOTAL REVENUE $11,143,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,326

TOTAL EXPENSES $11,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,143,486	$7,039,796	+0.6%
Expenses	$11,326	$12,068	-0.1%
Net Income	$11,132,160	$7,027,728	+0.6%

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

N/A

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

$796,902

Total Directors

$796,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brad Crye	Dir/Interim Pres/CEO (Thru 1/5)	1.00	Officer Director	$0	$35,499	$400,994
Chris Lancaster	Director/President/CEO (As of 1/6)	1.00	Officer Director	$0	$0	$0
David C Alford	Director/Treasurer	1.00	Officer Director	$0	$0	$0
David S Myers MD	Director/Vice Chairman (As of 1/1)	1.00	Officer Director	$0	$0	$0
Jackie Taylor	Director (As of 1/1)	1.00	Director	$0	$0	$0
Jazbeen Ahmad MD	Director	1.00	Director	$0	$0	$0
Lauren Barron	Director	1.00	Director	$0	$0	$0
Loretta Oliver	Director/Vice Chairman (Thru 12/31)	1.00	Officer Director	$0	$0	$0
Marc Elieson MD	Director	1.00	Director	$0	$0	$0
Paul F McClinton	Director	1.00	Director	$0	$0	$0
Rodney G Bowden PhD	Director/Secretary	1.00	Officer Director	$0	$0	$0
Shellie N Mach	CFO	1.00	Officer Director	$0	$43,528	$395,908
Tommye Lou Davis	Director	1.00	Director	$0	$0	$0
Wes Bailey	Director/Chairman	1.00	Officer Director	$0	$0	$0
Charles Williams	Former Officer	0.00		$0	$64,083	$351,045

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	$11,143,486	$11,326	$57,442,982	$11,132,160
2023	$7,039,796	$12,068	$46,310,264	$7,027,728
2022	$119	$12,147	$39,281,684	$-12,028
2021	$14,224,088	$1,608	$42,814,428	$14,222,480
2020	$582	$12,175	$28,591,889	$-11,593
2019	$9,154,158	$2,545	$29,113,749	$9,151,613
2018	$6,749,588	$11,158	$19,958,619	$6,738,430

Hillcrest Health System Inc