PERMIAN BASIN BEHAVIORAL HEALTH CENTER

EIN: 874691648 501(c)(3) Mental Health

MIDLAND, TX

Total Revenue
$12,790,465
Total Expenses
$729,191
Total Assets
$96,292,585
Net Assets
$96,093,839
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
RUSSELL MEYERS
Phone
4322211569
Tax Period
2023-10-01 to 2024-09-30

PERMIAN BASIN BEHAVIORAL HEALTH CENTER, founded in 2021, is a mid-sized nonprofit in the Mental Health sector that reported $12.8M in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12.1M, a strong 94% operating margin.

Mission

PBBHC'S MISSION IS TO PROVIDE HIGH-QUALITY BEHAVIORAL HEALTH SERVICES THAT ARE ACCESSIBLE TO ALL RESIDENTS OF PERMIAN BASIN REGION OF WEST TEXAS AND SOUTHEASTERN NEW MEXICO.

Program Service Accomplishments

Program 1
Expenses: $692,191

THE PBBHC IS A CULMINATION OF SEVERAL YEARS OF EFFORTS TO RAISE AWARENESS OF BEHAVIORAL HEALTH CONCERNS, REMOVE THE STIGMA ASSOCIATED WITH MENTAL HEALTH TREATMENT AND BUILD SUPPORT AMONG KEY...

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THE PBBHC IS A CULMINATION OF SEVERAL YEARS OF EFFORTS TO RAISE AWARENESS OF BEHAVIORAL HEALTH CONCERNS, REMOVE THE STIGMA ASSOCIATED WITH MENTAL HEALTH TREATMENT AND BUILD SUPPORT AMONG KEY STAKEHOLDERS FOR A COMPLETE SOLUTION TO THE REGION'S MENTAL HEALTH NEEDS.THE PBBHC EXISTS TO CREATE A COMPREHENSIVE BEHAVIORAL HEALTH CENTER TO PROVIDE SERVICES FOR RESIDENTS OF THE PERMIAN BASIN. THE PERMIAN BASIN REGION INCLUDES A TOTAL OF 17 WEST TEXAS COUNTIES, WITH A TOTAL POPULATION OF OVER 500,000. THE CENTER WILL INCLUDE INPATIENT AND OUTPATIENT PSYCHIATRIC CARE FOR ADULTS AND ADOLESCENTS, ALONG WITH A CRISIS STABILIZATION UNIT AND COUNSELING AND THERAPEUTIC SPACES APPROPRIATE FOR ALL AGES. IT IS THE GOAL OF THE PBBHCTO PROVIDE A CONTINUUM OF CARE FOR MENTAL HEALTH SERVICES FOR RESIDENTS OF THE PERMIAN BASIS, ALONG WITH SUPPORT FOR THEIR FAMILIES AND THE COMMUNITY AS A WHOLE.TO ACCOMPLISH THIS OBJECTIVE, THE ECTOR COUNTY HOSPITAL DISTRICT AND THE MIDLAND COUNTY HOSPITAL DISTRICT JOINED TOGETHER TO COLLECTIVELY PLAN THE OBJECTIVES AND PURPOSE. DURING THIS PLANNING PHASE, THE PBBHC WAS FORMED, A PLAN OF ACTION WAS CREATED AND A PROJECT BUDGET WAS DEVELOPED. THE CORNERSTONE OF THIS PROJECT IS THE STATE OF THE ART FACILITY ITSELF THAT WILL ATTRACT QUALIFIED HEALTHCARE PROFESSIONALS TO A TRADITIONALLY DIFFICULT TO RECRUIT AREA.THE FACILITY WILL BE A THOUGHTFULLY DESIGNED COMPREHENSIVE BEHAVIOR HEALTH CENTER IN A LOCATION CENTRAL TO MIDLAND AND ODESSA AND ITS RESIDENTS.THE ESTIMATED COSTS ASSOCIATED WITH THE CONSTRUCTION OF THIS FACILITY IS IN EXCESS OF $80M. RECOGNIZING THE NEED FOR SUCH A FACILITY AND SUPPORTING THE OBJECTIVE OF PBBHC, THE TEXAS LEGISLATURE APPROVED A BILL TO ALLOCATE $40M OF FUNDS RECEIVED BY TEXAS UNDER THE AMERICAN RESCUE PLAN ACT OF 2021 TOWARD THE CONSTRUCTION OF THE FACILITY. IT IS ANTICIPATED THAT THE BALANCE OF THE FUNDS NEEDED WILL BE RAISED THROUGH PRIVATE DONATIONS TO THE PBBHC AND/OR MCHD AND ECHD'S PRIVATE FOUNDATIONS. THEY FACILITY IS NOT IN OPERATION YET, BUT IS SET TO OPEN IN APRIL 2026 WHEN CONSTRUCTION IS SCHEDULED TO BE COMPLETED. THE PBBHC WILL BE A RESOURCE TO THE ENTIRE REGION WITH ITS PRINCIPAL PURPOSE TO PROMOTE A HOLISTIC APPROACH TO MENTAL WELL-BEING AND PROVIDE APPROPRIATE MEDICAL CARE TO THE RESIDENTS OF THE PERMIAN BASIN.

Program 2

PRIVATE DONATIONS RELATED TO THE CONSTRUCTION OF THE 200 BED FACILITY SET TO OPEN IN APRIL 2026.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,698,474
Program Service Revenue $0
Investment Income $2,091,991
Other Revenue $0
TOTAL REVENUE $12,790,465

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $692,191
Other Expenses $729,191
TOTAL EXPENSES $729,191

Year-over-Year Comparison

2023 2022 Change
Revenue $12,790,465 $80,667,159 -0.8%
Expenses $729,191 $493,670 +0.5%
Net Income $12,061,274 $80,173,489 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT COLLINS BOARD MEMBER 0.00
Director
$0 $0 $0
MARCY MADRID BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE STEEN BOARD MEMBER 0.00
Director
$0 $0 $0
RUSSELL MEYERS PRESIDENT 0.00
Officer Director
$0 $0 $0
RUSSELL TIPPIN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
STEPHEN BOWERMAN TREASURER 0.00
Officer 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
2024 $12,790,465 $729,191 $96,292,585 $12,061,274
2023 $80,667,159 $493,670 $82,714,634 $80,173,489
2022 $2,650,750 $391,674 $2,350,209 $2,259,076
2022 $6,674,221 $391,674 $6,373,680 $6,282,547
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