PERMIAN BASIN MEDICAL CENTER

EIN: 923727451 501(c)(3) Health Care

MIDLAND, TX

Total Revenue
$2,478,102
Total Expenses
$2,086,006
Total Assets
$13,286,346
Net Assets
$2,054,824
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TX
Principal Officer
RUSSELL MEYERS
Phone
4322211584
Tax Period
2024-01-01 to 2024-12-31

PERMIAN BASIN MEDICAL CENTER, founded in 2022, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $392K, a strong 16% operating margin.

Mission

PBMC WAS ORGANIZED TO, AMONG OTHER THINGS, (A) PROMOTE AND PROVIDE FOR OR ASSIST IN THE ESTABLISHMENT, SUPPORT AND MAINTENANCE OF PROGRAMS AND FACILITIES WITHIN THE PERMIAN BASIN REGION OF WEST TEXAS FOR MEDICAL, DENTAL AND NURSING EDUCATION AND OTHER PHASES OF HEALTH AND MEDICAL EDUCATION FOR HOSPITALIZATION AND TREATMENT OF PERSONS REQUIRING MEDICAL TREATMENT AND FOR RESEARCH IN THE FIELD OF HEALTH AND SCIENCE OF MEDICINE AND DENTISTRY AND (B) PROMOTE OR ASSIST THE NONPROFIT CHARITABLE, EDUCATIONAL, MEDICAL CARE AND RESEARCH INSTITUTIONS LOCATED WITHIN THE BOUNDARIES OF A MEDICAL CENTER IN THE PERMIAN BASIN REGION OF WEST TEXAS TO BE DEVELOPED BY PBMC (THE MEDICAL CENTER), BY PROVIDING SERVICES TO SUCH INSTITUTIONS OF THEIR FACILITIES LOCATED WITHIN SUCH BOUNDARIES AND EACH SUCH INSTITUTION'S USE OF SUCH FACILITIES WHILE IT IS OPERATING WITHIN SUCH BOUNDARIES, WITH A VIEW TO ESTABLISHING AND MAINTAINING WITHIN SUCH BOUNDARIES A COORDINATED AND MUTUALLY BENEFICIAL ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,478,102
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,478,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $952,171
Other Expenses $2,086,006
TOTAL EXPENSES $2,086,006

Year-over-Year Comparison

2024 2023 Change
Revenue $2,478,102 $2,079,306 +0.2%
Expenses $2,086,006 $969,968 +1.2%
Net Income $392,096 $1,109,338 -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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN STEEN DIRECTOR 1.00
Director
$0 $0 $0
TRACEE BENTLEY DIRECTOR 1.00
Director
$0 $0 $0
GRANT BILLINGSLEY DIRECTOR 1.00
Director
$0 $0 $0
KIRK EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
MARK BERG DIRECTOR 1.00
Director
$0 $0 $0
BRYN DODD DIRECTOR 1.00
Director
$0 $0 $0
JACK HARPER DIRECTOR 1.00
Director
$0 $0 $0
COLLIN SEWELL DIRECTOR 1.00
Director
$0 $0 $0
DON EVANS CHAIRMAN 1.00
Officer Director
$0 $0 $0
TRAVIS STICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIM LEACH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARC DINGLER SECRETARY 1.00
Officer
$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 $2,478,102 $2,086,006 $13,286,346 $392,096
2023 $2,079,306 $969,968 $2,848,798 $1,109,338
2022 $2,250,000 $1,858,000 $392,000 $392,000
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