HEART OF TEXAS HEALTHCARE SYSTEM Charity Report

Tax-exempt status may be revoked

HEART OF TEXAS HEALTHCARE SYSTEM

EIN 32-0326595 · Community Health Systems (E21)

What they do

THE SYSTEMS PURPOSES ARE to PROMOTE THE HEALTH of THE RESIDENTS of MCCULLOCH COUNTY, TEXAS and SURROUNDING COMMUNITIES, IN ANY APPROPRIATE MANNER and IN COMPLIANCE WITH APPLICABLE FEDERAL and STATE LAWS; and to OWN, OPERATE, or MANAGE, or PARTICIPATE IN THE OWNERSHIP, OPERATION, or MANAGEMENT OF, ONE or MORE HOSPITALS or HEALTH CARE ORGANIZATIONS or OTHER ENTITIES WHOSE PURPOSE is THE DELIVERY of or ARRANGEMENT for HEALTH CARE or HEALTH-RELATED SERVICES, INCLUDING BUT NOT LIMITED to HEART of TEXAS MEMORIAL HOSPITAL ("HOSPITAL").

Before you give

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Easy charity check

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2019The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.31%of revenue went to mission work87.9% of expenses · Program services

$65.20spent for every $100 of revenueRevenue covered expenses this year.

7.89%of revenue went to management and office costs12.1% of expenses

$3.21in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

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Pay context: The highest compensation shown in this filing is $322,255 for TIM JONES (CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2019

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$27,695,651

Mission workProgram services$15,872,82957.31% of revenue87.9% of expenses

ManagementOffice and general costs$2,186,0947.89% of revenue12.1% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$9,636,72834.80% of revenueShown in gray on the chart

Total expenses$18,058,92365.20% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 65.20% of revenue

2018Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 74.58% of revenue

2017Expense mix: 82.9% mission · 17.1% management · 0.0% fundraisingTotal expenses: 71.53% of revenue

2016Expense mix: 67.8% mission · 32.2% management · 0.0% fundraisingTotal expenses: 74.59% of revenue

2015Expense mix: 86.1% mission · 13.9% management · 0.0% fundraisingTotal expenses: 71.09% of revenue

Money in and money out

Revenue$27,695,651

Expenses$18,058,923

Annual surplus $9,636,728 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$15,872,829 · 87.9% of expenses

Management and office costs$2,186,094 · 12.1% of expenses

See all reported dollar amounts

Revenue$27,695,651

Expenses$18,058,923

Assets$57,981,362

Income$27,779,767

Contributions$19,787

Mission work (program services)$15,872,829

Management and general$2,186,094

Executive compensation (total)$530,566

Accounting fees$105,429

People

Leadership and board

Tax year 2019

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TIM JONESCEO · 40 hrs/week $322,255

RAMONA SLOANCNO · 40 hrs/week $107,981

RENAE THOMASCFO · 40 hrs/week $100,330

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

TIM JONESCEO

RAMONA SLOANCNO

RENAE THOMASCFO

KIRK RODDIEVICE PRESIDENT

MICHELLE YOUNG-DERRICKPRESIDENT

MIKE SCHAFFNERBOARD MEMBER

TERRY KELTZBOARD MEMBER

About this charity

Location: 2008 NINE RD, BRADY, TX 76825
County: McCulloch
In care of: RENAE THOMAS
Primary officer: RENAE THOMAS, CFO

How to reach them

WebsiteVisit the charity’s website Phone(325) 597-2901

Filing and classification

Latest tax year: 2019
Tax period began: April 1, 2019
Return type: 990
Tax preparer: DURBIN & COMPANY LLP
NTEE classification: Community Health Systems (E21)
IRS tax category: Community Health Systems
Revocation date: August 15, 2023