Texas Health Harris Methodist Hosp… - Form 990 Financial Data

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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

1954

Legal Domicile

Principal Officer

Tonya Sosebee

Phone

8174448600

Tax Period

2023-01-01 to 2023-12-31

Texas Health Harris Methodist Hospital Azle, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $53.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.8M, a strong 16% operating margin.

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES REGARDLESS OF ONE'S ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $35,307,570 Revenue: $53,196,122

Texas Health Harris Methodist Hospital Azle (THAZ) is a 31 staffed bed community based hospital serving Azle, Lake Worth, Springtown and the surrounding areas. Since 1954, THAZ has provided quality health care services to the northwest Tarrant County community. Located in Azle, the hospital offers many services such as cardiovascular, imaging, inpatient/outpatient surgery, Outpatient Sports and Rehabilitation Center and an intensive care unit. During the year, THAZ had 4,449 patient days, 1,349 discharges, 31,877 outpatient encounters and 23,408 emergency room visits.

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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 $171,553

Program Service Revenue $53,186,334

Investment Income $-5,422

Other Revenue $150,665

TOTAL REVENUE $53,503,130

Expense Breakdown

Grants Paid $48,203

Salaries & Benefits $23,952,932

Fundraising Expenses $0

Program Expenses $35,307,570

Other Expenses $20,707,758

TOTAL EXPENSES $44,708,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,503,130	$49,070,288	+0.1%
Expenses	$44,708,893	$43,735,685	+0.0%
Net Income	$8,794,237	$5,334,603	+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

329

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

$9,328,893

Total Directors

$4,698,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BerdanBarclay E	THR CEO/Trustee	0.32	Officer Director	$0	$1,016,271	$4,621,716
McWhorterRicky E	Former Officer	0.0		$0	$325,006	$1,840,778
KingJames Kirk	Former Officer	0.0		$0	$369,248	$1,641,195
KramerKenneth J	Assistant Secretary	0.5	Officer	$0	$235,245	$1,442,048
FlorenJoshua Andrew	President	0.5	Officer	$0	$187,688	$855,375
JacksonDavid W	Assistant Secretary	0.5	Officer	$0	$165,877	$680,985
CantuStacy G	Corporate Secretary	0.5	Officer	$0	$71,659	$424,847
BrackerRachal R	Grp Finan Offcr THFW-THAZ-THSH	5.0	Officer	$0	$29,775	$373,647
MilandStephanie	Grp Fin Off Term 3/2023	5.0	Officer	$0	$14,811	$338,667
SosebeeTonya A	COO & CNO THAZ	40.0	Officer	$258,043	$52,011	$310,054
KrejciJacque D	Former Officer	0.0		$0	$47,613	$281,837
Sammons JrJames Harris	Chief Qual & Med Officer THAZ	40.0	Officer	$277,258	$4,296	$281,554
SanchezAntonio	RAD CT	40.0	Highest	$209,075	$42,118	$251,193
BlessingBrian Bradley	PROFESSIONAL SVCS OFFICER THAZ	40.0	Highest	$185,244	$54,604	$239,848
WardVanessa	PHARMACIST CLIN	40.0	Highest	$182,988	$53,158	$236,146
HardmanRoberta Smith	NURSE PRACTITIONER/RN V	40.0	Highest	$162,215	$56,171	$218,386
ShuffieldElizabeth Suzanne	DIR PHARMACY	40.0	Highest	$175,989	$9,617	$185,606
Chhutani MD Sheila	Trustee	0.02	Director	$0	$0	$76,638
Vigness MD Richard	Chair	0.02	Director	$0	$0	$0
Hunt Hunter	Vice Chair	0.02	Director	$0	$0	$0
Wilder Jr Charles	Immediate Past Chair	0.02	Director	$0	$0	$0
Bernstein Kenneth	Trustee	0.02	Director	$0	$0	$0
Braun JD Vianei Lopez	Trustee	0.02	Director	$0	$0	$0
Guyton Michael	Trustee	0.02	Director	$0	$0	$0
Haggar III Joseph	Trustee	0.02	Director	$0	$0	$0
Hum MD Lawrence	Trustee	0.02	Director	$0	$0	$0
Iruegas Javier	Trustee	0.02	Director	$0	$0	$0
Montgomery Lynn	Trustee	0.02	Director	$0	$0	$0
Nunez MD Ignacio	Trustee	0.02	Director	$0	$0	$0
Reeves Kenneth	Trustee	0.02	Director	$0	$0	$0
Weeks DNP Susan	Trustee	0.02	Director	$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	No data	No data	No data	No data
2023	$53,503,130	$44,708,893	$16,987,454	$8,794,237
2022	$49,070,288	$43,735,685	$16,833,613	$5,334,603
2021	$52,323,132	$40,793,497	$14,660,060	$11,529,635
2020	$38,963,204	$34,290,200	$14,437,744	$4,673,004
2019	$35,674,983	$35,183,247	$14,411,174	$491,736
2018	$34,499,974	$36,535,519	$15,828,820	$-2,035,545

Texas Health Harris Methodist Hospital Azle