Hendrick Provider Network (EIN 752660403) - 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

1995

Legal Domicile

Phone

3256702000

Tax Period

2023-09-01 to 2024-08-31

Hendrick Provider Network, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $74.6M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $142.2M exceeded revenue, resulting in a 90% operating deficit.

Mission

TO PROVIDE MEDICAL CARE TO THE COMMUNITIES OF ABILENE AND BROWNWOOD. MANY PATIENTS ARE ON MEDICAID. SERVICES ARE PROVIDED REGARDLESS OF ABILITY TO PAY.

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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 $52,301

Program Service Revenue $72,097,325

Investment Income $-114,365

Other Revenue $2,607,664

TOTAL REVENUE $74,642,925

Expense Breakdown

Grants Paid $1,579

Salaries & Benefits $119,627,713

Fundraising Expenses $0

Program Expenses $126,328,254

Other Expenses $22,549,745

TOTAL EXPENSES $142,179,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,642,925	$91,946,276	-0.2%
Expenses	$142,179,037	$160,590,818	-0.1%
Net Income	$-67,536,112	$-68,644,542	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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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

N/A

Employees

1088

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

$4,485,068

Total Directors

$12,881,254

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Mahoney	DIRECTOR	40.0	Director	$2,241,243	$40,123	$2,281,366
Delena Martinez	DIRECTOR	40.0	Director	$277,866	$26,391	$304,257
Gary Binkley	Director	40.0	Director	$1,108,120	$9,776	$1,117,896
Henry Fosah	DIRECTOR	40.0	Director	$447,806	$38,891	$486,697
Jacqueline Zimmerman	DIRECTOR	40.0	Director	$527,645	$27,286	$554,931
Jeffrey Edwards MD	DIRECTOR	40.0	Director	$540,242	$38,884	$579,126
John Masterson	DIRECTOR	40.0	Director	$650,035	$32,917	$682,952
Joseph Stafford	DIRECTOR	40.0	Director	$819,420	$37,313	$856,733
Michael Barris	DIRECTOR	40.0	Director	$315,014	$26,177	$341,191
Paul Watts	DIRECTOR	40.0	Director	$799,741	$39,288	$839,029
Ren Zhang	Director	40.0	Director	$1,615,078	$4,581	$1,619,659
Robert Dickey	DIRECTOR	40.0	Director	$458,358	$19,968	$478,326
Sandip Mathur	DIRECTOR	40.0	Director	$956,048	$25,266	$981,314
Steven Smith	DIRECTOR	40.0	Director	$915,410	$35,060	$950,470
Timothy Hill	DIRECTOR	40.0	Director	$807,307	$0	$807,307
Brad Holland	President	2.0	Officer	$0	$211,018	$1,644,883
David Stephenson	VICE PRESIDENT	40.0	Officer	$300,909	$43,055	$343,964
Jeremy Walker	CFO	2.0	Officer	$0	$70,987	$743,592
Kirk Canada	VICE PRESIDENT	2.0	Officer	$0	$60,634	$403,433
Michael Murphy	VICE PRESIDENT	2.0	Officer	$0	$41,552	$582,625
Rob Wiley	Vice President	2.0	Officer	$0	$74,543	$766,571
Bonnie Hayashi	Physician	40.0	Highest	$1,969,984	$37,699	$2,007,683
Daniel Canario	Physician	40.0	Highest	$1,830,739	$29,580	$1,860,319
Harvinder Arora	Physician	40.0	Highest	$1,762,218	$10,163	$1,772,381
Kevin Bridge MD	Physician	40.0	Highest	$2,026,581	$31,929	$2,058,510
Michael Blanc	Physician	40.0	Highest	$2,043,453	$38,784	$2,082,237

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	$74,642,925	$142,179,037	$22,291,400	$-67,536,112
2023	$91,946,276	$160,590,818	$19,140,268	$-68,644,542
2022	$80,766,553	$143,853,419	$20,701,780	$-63,086,866
2021	$65,810,313	$120,535,933	$16,422,730	$-54,725,620
2020	$49,463,920	$87,806,406	$20,441,063	$-38,342,486
2019	$45,709,182	$79,693,290	$20,122,139	$-33,984,108
2018	$41,198,195	$69,720,444	$19,774,264	$-28,522,249

Hendrick Provider Network