Hendrick Medical Center Brownwood (EIN 851941193) - 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

2020

Legal Domicile

Phone

3256702000

Tax Period

2023-09-01 to 2024-08-31

Hendrick Medical Center Brownwood, founded in 2020, is a major nonprofit in the Health Care sector that reported $133.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $114.2M left a modest 15% surplus.

Mission

TO DELIVER HIGH QUALITY HEALTHCARE EMPHASIZING EXCELLENCE AND COMPASSION CONSISTENT WITH THE HEALING MINISTRY OF JESUS CHRIST.

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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 $407,955

Program Service Revenue $129,380,648

Investment Income $0

Other Revenue $3,786,006

TOTAL REVENUE $133,574,609

Expense Breakdown

Grants Paid $5,187

Salaries & Benefits $46,689,309

Fundraising Expenses $0

Program Expenses $101,279,474

Other Expenses $67,501,320

TOTAL EXPENSES $114,195,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,574,609	$117,227,793	+0.1%
Expenses	$114,195,816	$96,626,881	+0.2%
Net Income	$19,378,793	$20,600,912	-0.1%

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

Governance

Voting Members

Independent Members

Employees

522

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

$6,829,394

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MELSON	CHAIR	2.0	Director	$0	$0	$0
LARRY SMITH	TRUSTEE	2.0	Director	$0	$0	$0
LEIGH BLACK	2ND VICE CHAIR	2.0	Director	$0	$0	$0
PAUL WALDROP	TRUSTEE	2.0	Director	$0	$0	$0
RANDY LLOYD	1ST VICE CHAIR	2.0	Director	$0	$0	$0
Brad Holland	PRESIDENT/CEO	2.0	Officer	$0	$211,018	$1,644,883
Brian Bessent	VP/CHIEF STRATEGY & EXP.	2.0	Officer	$0	$68,226	$477,413
Erich Wallschlaeger	Chief Financial Officer	40.0	Officer	$383,724	$39,115	$422,839
Heather Ray	CHIEF NURSING OFFICER	2.0	Officer	$0	$13,558	$295,297
Jeremy Walker	VICE PRESIDENT	2.0	Officer	$0	$70,987	$743,592
Jessica Connell	Chief Nursing Officer	40.0	Officer	$203,066	$46,330	$249,396
Jory Lee	Chief Operating Officer	40.0	Officer	$201,106	$37,301	$238,407
Kirk Canada	VICE PRESIDENT/COO	2.0	Officer	$0	$60,634	$403,433
Krista Baty	Chief Administrative Officer	40.0	Officer	$454,667	$63,902	$518,569
Michael Murphy	VICE PRESIDENT/COO	2.0	Officer	$0	$41,552	$582,625
Rob Wiley	VICE PRESIDENT/CMO/CQO	2.0	Officer	$0	$74,543	$766,571
Susan Wade	Chief Operating Officer	2.0	Officer	$0	$42,183	$486,369
Donna Boatwright	Pharmacist I	40.0	Highest	$179,716	$12,969	$192,685
Jennifer Hinze	NURSING SUPERVISOR, BSN	40.0	Highest	$177,487	$26,054	$203,541
Judy Morgan	NURSING SUPERVISOR, BSN	40.0	Highest	$240,805	$13,371	$254,176
Neeki Cook	Pharmacist I	40.0	Highest	$161,942	$29,490	$191,432
Thomas Foster	Pharmacy Manager	40.0	Highest	$168,049	$28,938	$196,987
RONALD DAVID EVANS	VICE PRESIDENT	2.0		$0	$20,091	$168,157

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	$133,574,609	$114,195,816	$110,233,300	$19,378,793
2023	$117,227,793	$96,626,881	$107,611,837	$20,600,912
2022	$109,312,096	$90,520,141	$112,066,071	$18,791,955
2021	$68,073,370	$61,332,206	$108,207,008	$6,741,164

Hendrick Medical Center Brownwood