PALACIOS COMMUNITY MEDICAL CENTER

EIN: 760698013 501(c)(3) Health Care

PALACIOS, TX

Total Revenue
$6,002,267
Total Expenses
$6,094,682
Total Assets
$2,647,218
Net Assets
$2,115,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Principal Officer
ROBERT PASCASIO
Phone
3619722511
Tax Period
2018-01-01 to 2018-12-31

PALACIOS COMMUNITY MEDICAL CENTER, founded in 2001, is a community nonprofit in the Health Care sector that reported $6.0M in total revenue in fiscal year 2018. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE ACCESSIBLE QUALITY HEALTHCARE SERVICES TO THE PEOPLE OF THE COMMUNITY AND SURROUNDING AREA, TO PROMOTE THE BEST OPPORTUNITY FOR RECOVERY OF GOOD HEALTH AND TO ASSURE THE CONTINUED VIABILITY OF THE HOSPITAL THROUGH PLANNING AND SOUND FISCAL MANAGEMENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $667,816
Program Service Revenue $5,092,113
Investment Income $1,878
Other Revenue $240,460
TOTAL REVENUE $6,002,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,654,930
Fundraising Expenses $0
Program Expenses $4,502,089
Other Expenses $3,439,752
TOTAL EXPENSES $6,094,682

Year-over-Year Comparison

2018 2017 Change
Revenue $6,002,267 $7,538,980 -0.2%
Expenses $6,094,682 $6,786,094 -0.1%
Net Income $-92,415 $752,886 -1.1%
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
6
Independent Members
6
Employees
81
Volunteers
10

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
8
$374,123
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL PURVIS CHAIR 1.00
Director
$0 $0 $0
CRAIG WALLIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM TURNER SECRETARY 1.00
Officer Director
$0 $0 $0
DAN TUCKER TREASURER 1.00
Officer Director
$0 $0 $0
MAXINE KUBECKA MEMBER 1.00
Director
$0 $0 $0
LISA APARICIO MEMBER 1.00
Director
$0 $0 $0
ROBERT VANBORRSUM MEMBER (FORMER) 1.00
Director
$0 $0 $0
JENNIFER CHAU MEMBER (FORMER) 1.00
Director
$0 $0 $0
BUDDY ELLER MEMBER (FORMER) 1.00
Director
$0 $0 $0
BARBARA K HAYES CEO 40.00
Officer
$36,058 $0 $36,058
CLAUDE MANNING CFO 40.00
Officer
$116,185 $0 $116,185
LISA HENDERSON COO 40.00
Officer
$93,306 $0 $93,306
MARIA LARA CNO 40.00
Officer
$75,128 $0 $75,128
JERAD PAUL HYDE CNO (FORMER) 40.00
Officer
$53,446 $0 $53,446
STEPHEN RICKS FNP 40.00
Highest
$262,512 $0 $262,512
JOE VASQUEZ FNP 40.00
Highest
$120,728 $0 $120,728
JOHN WHITESIDE RN 40.00
Highest
$112,745 $0 $112,745
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
2018 $6,002,267 $6,094,682 $2,647,218 $-92,415
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