HEART OF TEXAS MEMORIAL HOSPITAL F… - 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

1995

Legal Domicile

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

THE GOAL OF THE HEART OF TEXAS MEMORIAL HOSPITAL FUND INC IS TO RAISE SUFFICIENT CAPITAL FUNDS TO SUPPLEMENT THE INCOME OF THE HEART OF TEXAS HEALTHCARE SYSTEM AND HELP DECREASE THE NEED FOR TAX SUPPORT OF HEALTHCARE IN MCCULLOCH COUNTY. THESE SUPPLEMENTAL FUNDS WILL HELP KEEP THE HOSPITAL VIABLE AND ENSURE QUALITY HEALTHCARE TO YOU AND YOUR LOVED ONES.

Program Service Accomplishments

Program 1

Expenses: $1

THE ORGANIZATION EXISTS SOLELY FOR THE BENEFIT OF MCCULLOCH COUNTY HOSPITAL DISTRICT. THE EXPENSES REFLECT THE COSTS ASSOCIATED WITH MAINTAINING THE INVESTMENTS THAT HAVE BEEN DONATED TO THE...

THE ORGANIZATION EXISTS SOLELY FOR THE BENEFIT OF MCCULLOCH COUNTY HOSPITAL DISTRICT. THE EXPENSES REFLECT THE COSTS ASSOCIATED WITH MAINTAINING THE INVESTMENTS THAT HAVE BEEN DONATED TO THE FOUNDATION AND GRANTS PAID TO THE 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

HEART OF TEXAS MEMORIAL HOSPITAL FUND INC