HEART OF TEXAS MEMORIAL HOSPITAL FUND INC

EIN: 752607243 501(c)(3)

BRADY, TX

Total Revenue
$41,597
Total Expenses
$1
Total Assets
$2,227,846
Net Assets
$2,227,846
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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
1995
Legal Domicile
TX
Principal Officer
RENAE THOMAS
Phone
3255972901
Tax Period
2019-01-01 to 2019-12-31

HEART OF TEXAS MEMORIAL HOSPITAL FUND INC, founded in 1995, is a micro nonprofit that reported $42K in total revenue in fiscal year 2019. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 100% operating margin.

Mission

TO PROMOTE THE WELL BEING OF THE CITIZENS OF MCCULLOCH COUNTY AND THE SURROUNDING AREAS BY ENCOURAGING DONATIONS TO THE ORGANIZATION FOR DISTRIBUTION TO THE HEART OF TEXAS HOSPITAL.

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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 (2019)

Revenue Breakdown

Contributions & Grants $3,825
Program Service Revenue $0
Investment Income $37,772
Other Revenue $0
TOTAL REVENUE $41,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1
Other Expenses $1
TOTAL EXPENSES $1

Year-over-Year Comparison

2019 2018 Change
Revenue $41,597 $25,876 +0.6%
Expenses $1 $50 -1.0%
Net Income $41,596 $25,826 +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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE YOUNG-DERRICK CHAIR 1.00
Director
$0 $0 $0
MICHAEL SCHAFFNER BOARD MEMBER 1.00
Director
$0 $0 $0
TIM JONES BOARD MEMBER 1.00
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
2019 $41,597 $1 $2,227,846 $41,596
2018 $25,876 $50 $2,186,250 $25,826
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