Civic Intelligence

Ahscentral Texas Inc

990 • Fiscal year 2019 • EIN 74-2621825

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

Organization ProfileN/A
1301 Wonder World DriveSan Marcos, TX 78666

(512) 353-8979

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.06x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

4.74x

Higher debt load relative to revenue than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

99th percentile

$1,304,208

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 400.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

50th percentile

3.1%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

9.1%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$1,462,395

Up $43,495 (+3.1%) from 2018

Net Assets

Up

-$82,971

Up $127,112 (+61%) from 2018

Liabilities

Down

$1,545,366

Down $83,617 (-5.1%) from 2018

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin85th percentile

Revenue

Up

$326,091

Up $27,327 (+9.1%) from 2018

Expenses

Up

$219,847

Up $11,391 (+5.5%) from 2018

Net Income

Up

$106,244

Up $15,936 (+18%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,502,038Liabilities 2010: $2,115,989Net Assets 2010: -$613,9512010Assets 2011: $1,438,554Liabilities 2011: $2,040,219Net Assets 2011: -$601,6652011Assets 2012: $1,429,452Liabilities 2012: $2,052,468Net Assets 2012: -$623,0162012Assets 2013: $1,419,322Liabilities 2013: $1,975,926Net Assets 2013: -$556,6042013Assets 2014: $1,397,774Liabilities 2014: $1,931,428Net Assets 2014: -$533,6542014Assets 2015: $1,347,777Liabilities 2015: $1,830,601Net Assets 2015: -$482,8242015Assets 2016: $1,351,941Liabilities 2016: $1,736,839Net Assets 2016: -$384,8982016Assets 2017: $1,062,885Liabilities 2017: $1,338,061Net Assets 2017: -$275,1762017Assets 2018: $1,418,900Liabilities 2018: $1,628,983Net Assets 2018: -$210,0832018Assets 2019: $1,462,395Liabilities 2019: $1,545,366Net Assets 2019: -$82,9712019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$1,462,395
Liabilities$1,545,366
Net Assets-$82,971
Open 2019 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500K-$1.0MExpenses 2010: $266,9212010Expenses 2011: $257,9602011Revenue 2012: $235,071Expenses 2012: $254,856Net Income 2012: -$19,7852012Revenue 2013: $287,666Expenses 2013: $228,133Net Income 2013: $59,5332013Revenue 2014: $261,679Expenses 2014: $240,310Net Income 2014: $21,3692014Revenue 2015: $283,893Expenses 2015: $229,978Net Income 2015: $53,9152015Revenue 2016: $313,110Expenses 2016: $220,248Net Income 2016: $92,8622016Revenue 2017: $316,110Expenses 2017: $219,108Net Income 2017: $97,0022017Revenue 2018: $298,764Expenses 2018: $208,456Net Income 2018: $90,3082018Revenue 2019: $326,091Expenses 2019: $219,847Net Income 2019: $106,2442019Revenue 2020: -$847,507Expenses 2020: $48,592Net Income 2020: -$896,0992020

Highlighted filing

2019

Revenue$326,091
Expenses$219,847
Net Income$106,244
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$326,091
Mission and Program Overview

Mission

Adventist Health System Sunbelt Healthcare Corporation and all of its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.

Provide office space for medical professionals on staff of supported hospital organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,002,464$937,498▼ $64,966
Savings and Temporary Cash Investments$422,112$528,617▲ $106,505
Total Assets$1,418,900$1,462,395▲ $43,495
Other Assets Total$-5,676$-3,720▲ $1,956
Liabilities
Other Liabilities$1,625,902$1,543,070▼ $82,832
Accounts Payable and Accrued Expenses$3,081$2,296▼ $785
Total Liabilities$1,628,983$1,545,366▼ $83,617
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-210,083$-82,971▲ $127,112
Total Net Assets Fund Balance$-210,083$-82,971▲ $127,112
Total Liabilities and Net Assets / Fund Balance$1,418,900$1,462,395▲ $43,495

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$918,973$1,303,538$2,222,511
Other Land Buildings$0$378,934$378,934
Land$14,487-$14,487
Equipment$4,038$1,872$5,910
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Griffith Jr BufordDirector$2,449$2,449

Board Members and Trustees

NameTitle
Finch Kenneth AChairman (End 12/19)
Huenergardt Samuel DFormer Dir/President
Nelson StephanieCFO/Director/Treasurer (Beg 4/19)
Pridgen ParkerCFO/Director/Treasurer (End 4/19)
Fay MD KarinaDirector
Gonzalez MD AlbertoDirector
Ingram EarlDirector
Reeves DDS CharlesDirector
Sutton Jesse LDirector
Welborn Ruth BDirector
McElhannon MD AndyDirector (Beg 1/19)
Roberts Kevin ADirector (Beg 10/19)
Lee Sang MD JohnDirector (Beg 6/19; End 12/19)
Anderson Charles EDirector (End 6/19)
Stahl AnthonyDirector/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$314,080
Investment Income
$12,011
Other Revenue
$0
Change in Net Assets
$106,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$81,548--$81,548
Depreciation Depletion$64,966--$64,966
Interest$48,860--$48,860
Fees for Services Other$17,268$732-$18,000
Office Expenses$953$1,954-$2,907
Other Expenses$2,275--$2,275
Fees for Service Investment Mgmnt Fees-$1,291-$1,291
Total Functional Expenses$215,870$3,977$0$219,847
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interco. Alloc. of TE Bond Proceeds$1,567,788
Due to related$-24,718
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“AHS/Central Texas, Inc. (the filing organization) has one member. The sole member of the filing organization is Adventist Health System Sunbelt Healthcare Corporation. Adventist Health System Sunbelt Healthcare Corporation (AHSSHC) is a Florida, not-for-profit corporation that is exempt from federal income tax under Internal Revenue Code (IRC) Section 501(c)(3). There are no other classes of membership in the filing organization.”

Form 990, Part VI, Section A, line 7A

“The sole member of the filing organization is AHSSHC. The Board of Directors of the filing organization are appointed by the sole member, AHSSHC, who has the right to elect, appoint or remove any member of the Board of Directors of the filing organization.”

Form 990, Part VI, Section A, line 7B

“AHSSHC, as the sole member of the filing organization, has certain reserved powers as set forth in the Bylaws of the filing organization. These reserved powers include the following: a) to approve and disapprove the executive and/or administrative leadership of the filing organization, and their salaries; b) to adopt, amend, restate, and repeal the Articles of Incorporation or Bylaws of the filing organization; c) to set limits and terms for the borrowing of funds; d) to approve or disapprove major building programs and/or purchase or sale of personal property or real property equal to or in excess of certain dollar thresholds; e) to approve or disapprove the annual operating and capital budgets of the filing organization; and f) to direct the placement of funds and capital of the filing organization; and, g) to establish general guiding policies.”

Form 990, Part VI, Section B, line 11B

“The filing organization's current year Form 990 was reviewed by the CEO and by the CFO prior to its filing with the IRS. The review conducted by the CEO and the CFO did not include the review of any supporting workpapers that were used in preparation of the current year Form 990, but did include a review of the entire Form 990 and all supporting schedules.”

Form 990, Part VI, Section B, line 12C

“The Conflict of Interest Policy of the filing organization applies to members of its Board of Directors and its principal officers (to be known as Interested Persons). In connection with any actual or possible conflicts of interest, any member of the Board of Directors of the filing organization or any principal officer of the filing organization (i.e. Interested Persons) must disclose the existence of any financial interest with the filing organization and must be given the opportunity to disclose all material facts concerning the financial interest/arrangement to the Board of Directors of the filing organization or to any members of a committee with board delegated powers that is considering the proposed transaction or arrangement. Subsequent to any disclosure of any financial interest/arrangement and all material facts, and after any discussion with the relevant Board member or principal officer, the remaining members of the Board of Directors or committee with board delegated powers shall discuss, analyze, and vote upon the potential financial interest/arrangement to determine if a conflict of interest exists. According to the filing organization's Conflict of Interest Policy, an Interested Person may make a presentation to the Board of Directors (or committee with board delegated powers), but after such presentation, shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in a conflict of interest. Each Interested Person, as defined under the filing organization's Conflict of Interest Policy, shall annually sign a statement which affirms that such person has received a copy of the Conflict of Interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the filing organization is a charitable organization that must primarily engage in activities which accomplish one or more of its exempt purposes. The filing organization's Conflict of Interest Policy also requires that periodic reviews shall be conducted to ensure that the filing organization operates in a manner consistent with its charitable purposes.”

Form 990, Part VI, Section B, line 15

“The filing organization's CEO and other officer(s)are not compensated by the filing organization. Such individuals are compensated by the related top-tier parent organization of the filing organization. Please see the discussion concerning the process followed by the related top-tier parent organization in determining executive compensation in our response to Schedule J, Line 3.”

Form 990, Part VI, Section C, line 19

“The filing organization is a part of the system of healthcare organizations known as AdventHealth. The audited consolidated financial statements of AdventHealth and of the AdventHealth "Obligated Group" are filed annually with the Municipal Securities Rulemaking Board (MSRB). The "Obligated Group" is a group of AHSSHC subsidiaries that are jointly and severally liable under a Master Trust Indenture that secures debt primarily issued on a tax-exempt basis. Unaudited quarterly financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) are also filed with MSRB for AdventHealth on a consolidated basis and for the grouping of AdventHealth subsidiaries comprising the "Obligated Group". The filing organization does not generally make its governing documents or conflict of interest policy available to the public.”

Part VII, Section A

“For those Board of Director members and officer(s) who devote less than full-time to the filing organization (based upon the average number of hours per week shown in column (B) on page 7 of the return) the compensation amounts shown in columns (E) and (F) on page 7 were provided in conjunction with that person's responsibilities and roles in serving in an executive leadership position as an employee of Adventist Health System Sunbelt Healthcare Corporation.”

Part VIII, Line 7C:

“The amount shown in Part VIII, Lines 7a(i) and 7c(i) of the Form 990 represents an allocated share of capital gain/(loss) from a system wide, corporate administered, investment program.”

Filing and Contact Details

Filer

Filer Name
AHSCentral Texas Inc
EIN
74-2621825
Phone
5123538979
Address
1301 Wonder World Drive, San Marcos, TX 78666

Signing Officer

Name
Lynn C Addiscott
Title
Asst. Secretary
Phone
8175512704
Signed
2020-11-02

Organization Details

Principal Officer
Penny Johnson
Formed
1991
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
9
Employees
0
Volunteers
9
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional Fees: Program service expenses 2,931. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,931. Miscellaneous Purchased Services: Program service expenses 14,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,337. AdventHealth Shared Service Fee: Program service expenses 0. Management and general expenses 732. Fundraising expenses 0. Total expenses 732.”

Form 990, Part XI, line 9:

“Transfer to/from affiliate -3,992.”

Financial Statement Notes

Part X, Line 2:

“The filing organization is a subsidiary organization within AdventHealth. The consolidated financial statements of AdventHealth contain the following FIN 48 (ASC 740) footnote: Please note that dollar amounts are in thousands. Healthcare Corporation and its affiliated organizations, other than North American Health Services, Inc. and its subsidiary (NAHS), are exempt from state and federal income taxes. Accordingly, Healthcare Corporation and its tax-exempt affiliates are not subject to federal, state or local income taxes except for any net unrelated business taxable income. NAHS is a wholly owned, for-profit subsidiary of Healthcare Corporation. NAHS and its subsidiary are subject to federal and state income taxes. NAHS files a consolidated federal income tax return and, where appropriate, consolidated state income tax returns. All taxable income was fully offset by net operating loss carryforwards for federal income tax purposes; as such, there is no provision for current federal or state income tax for the years ended December 31, 2019 and 2018. NAHS also has temporary deductible differences of approximately $46,500 and $53,000 at December 31, 2019 and 2018, respectively, primarily as a result of net operating loss carryforwards. At December 31, 2019, NAHS had net operating loss carryforwards of approximately $47,500, expiring beginning in 2022 through 2026. Deferred taxes have been provided for these amounts, resulting in a net deferred tax asset of approximately $11,400 and $13,400 at December 31, 2019 and 2018, respectively. NAHS remeasured its deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21%. A full valuation allowance has been provided at December 31, 2019 and 2018 to offset the deferred tax asset, since Healthcare Corporation has determined that it is more likely than not that the benefit of the net operating loss carryforwards will not be realized in future years. The Income Taxes Topic of the ASC (ASC 740) prescribes the accounting for uncertainty in income tax positions recognized in financial statements. ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return. There were no material uncertain tax positions as of December 31, 2019 and 2018. On December 22, 2017, the United States enacted tax reform legislation commonly known as the Tax Cuts and Jobs Act (Act), resulting in significant modifications to existing law. Certain provisions impact tax-exempt organizations, including revisions to taxes on unrelated business activities, excise taxes on compensation of certain employees, and various other provisions. While final regulations on these provisions have not yet been promulgated, the impact of these provisions on the consolidated financial statements is not expected to be significant.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1740023
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2492494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3426020
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4366895
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5354165
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6189490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt72449
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman (End 12/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt1Former Dir/President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director (Beg 10/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO/Director/Treasurer (End 4/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO/Director/Treasurer (Beg 4/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (End 6/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director (Beg 6/19; End 12/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director (Beg 1/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01991
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt0326091
IRS990/GroupExemptionNum01071
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
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IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt048860
IRS990/InterestGrp/TotalAmt048860
IRS990/InvestmentIncomeGrp/ExclusionAmt08003
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08003
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0937498
IRS990/LandBldgEquipCostOrOtherBssAmt02621842
IRS990/LegalDomicileStateCd0TX
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-210083
IRS990/NetAssetsOrFundBalancesEOYAmt0-82971
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04008
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04008
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt024860
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-210083
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-82971
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt081548
IRS990/OccupancyGrp/TotalAmt081548
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01954
IRS990/OfficeExpensesGrp/ProgramServicesAmt0953
IRS990/OfficeExpensesGrp/TotalAmt02907
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0-5676
IRS990/OtherAssetsTotalGrp/EOYAmt0-3720
IRS990/OtherChangesInNetAssetsAmt0-3992
IRS990/OtherExpensesGrp/Desc0Repairs & maintenance
IRS990/OtherExpensesGrp/ProgramServicesAmt02275
IRS990/OtherExpensesGrp/TotalAmt02275
IRS990/OtherLiabilitiesGrp/BOYAmt01625902
IRS990/OtherLiabilitiesGrp/EOYAmt01543070
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Penny Johnson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Medical Office Buildin
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0314080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0314080
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt08233
IRS990/PYOtherExpensesAmt0208456
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0290531
IRS990/PYRevenuesLessExpensesAmt090308
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0208456
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0298764
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0106244
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0314080
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0422112
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0528617
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The filing organization supports Adventist Health System/Sunbelt, Inc. dba Central Texas Medical Center (CTMC, the Supported Organization) which owns and operates an acute care hospital. The primary activity of the filing organization is to provide office space for medical professionals on the hospital's (the supported organization) medical staff. Both the filing organization and the Supported Organization are owned and controlled by Adventist Health System Sunbelt Healthcare Corporation (AHSSHC), the 501(c)(3) parent organization of AdventHealth. AdventHealth is a faith-based healthcare system of organizations established by the Seventh-day Adventist Church to ensure that the health mission of the Seventh-day Adventist Church is carried out. CTMC has a significant voice in the filing organization's investment policies and in directing the use of the filing organization's income or assets throughout the year. The Chairman of the Board of Directors, the President/CEO/Board Member, and the CFO of the filing organization also serve as Chairman of the Board of Directors, President/CEO/Board Member, and CFO of CTMC. Per the filing organization's governing documents, the Board of Directors of the filing organization has the power to control and manage the property, business, and affairs of the filing organization, subject to certain reserved powers held by the Member. The Articles of Incorporation mandate that at least one member of the Board of Directors be selected from the membership of the Board of Directors of the supported organization as well as the criteria that at least 2/3 be members of the Seventh-Day Adventist Church. Through this overlap of Board members and officers and the fact that both the filing organization and the Supported Organization have the same sole top-tier member (AHSSHC), the Supported Organization is continually involved in directing the use of the filing organization's assets and resources.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1As outlined in Section D, Question 3 above, the filing organization supports Adventist Health System/Sunbelt, Inc. dba Central Texas Medical Center (CTMC or the Hospital, the Supported Organization) which owns and operates an acute care hospital. The sole activity of the filing organization is to provide office space for medical professionals on the Hospital's (the supported organization) medical staff. The activity of holding title to and leasing the medical offices on the campus of the Hospital to members of its supported Hospital's medical staff (the supported organization) is a "direct furtherance" activity. The leasing of office space adjacent to the Hospital to members of the medical staff under the circumstances described contributes importantly to the Hospital functions by increasing the Hospital's efficiency, encouraging fuller utilization of its facilities, and improving the overall quality of its patient care. Please see our discussion for Schedule A, Part IV, Section D, Question 3 concerning how the filing organization is responsive to the needs and demands of the Supported Organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The activity of owning title to and leasing real property adjacent to the supported Hospital's campus in order to provide medical office space to physicians on the Hospital's medical staff furthers the Hospital's exempt purpose. This is an activity that, but for the involvement of the filing organization, the Hospital (Supported Organization) would conduct. The Hospital benefits from having staff physicians maintain their private practices in the office space adjacent to the Hospital's campus by having such physicians ready and available for emergencies as well as increasing the physicians' participation in the Hospitals' quality and efficiency initiatives.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section D, Question 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part IV, Section E, Line 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Schedule A, Part IV, Section E, Line 2b
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0591479658
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Adventist Health SystemSunbelt Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0918973
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01303538
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02222511
IRS990ScheduleD/EquipmentGrp/BookValueAmt04038
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05910
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt014487
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014487
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0378934
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0378934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-24718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11567788
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Interco. Alloc. of TE Bond Proceeds
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The filing organization is a subsidiary organization within AdventHealth. The consolidated financial statements of AdventHealth contain the following FIN 48 (ASC 740) footnote: Please note that dollar amounts are in thousands. Healthcare Corporation and its affiliated organizations, other than North American Health Services, Inc. and its subsidiary (NAHS), are exempt from state and federal income taxes. Accordingly, Healthcare Corporation and its tax-exempt affiliates are not subject to federal, state or local income taxes except for any net unrelated business taxable income. NAHS is a wholly owned, for-profit subsidiary of Healthcare Corporation. NAHS and its subsidiary are subject to federal and state income taxes. NAHS files a consolidated federal income tax return and, where appropriate, consolidated state income tax returns. All taxable income was fully offset by net operating loss carryforwards for federal income tax purposes; as such, there is no provision for current federal or state income tax for the years ended December 31, 2019 and 2018. NAHS also has temporary deductible differences of approximately $46,500 and $53,000 at December 31, 2019 and 2018, respectively, primarily as a result of net operating loss carryforwards. At December 31, 2019, NAHS had net operating loss carryforwards of approximately $47,500, expiring beginning in 2022 through 2026. Deferred taxes have been provided for these amounts, resulting in a net deferred tax asset of approximately $11,400 and $13,400 at December 31, 2019 and 2018, respectively. NAHS remeasured its deferred tax assets and liabilities based on the rates at which they are expected to reverse in the future, which is generally 21%. A full valuation allowance has been provided at December 31, 2019 and 2018 to offset the deferred tax asset, since Healthcare Corporation has determined that it is more likely than not that the benefit of the net operating loss carryforwards will not be realized in future years. The Income Taxes Topic of the ASC (ASC 740) prescribes the accounting for uncertainty in income tax positions recognized in financial statements. ASC 740 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return. There were no material uncertain tax positions as of December 31, 2019 and 2018. On December 22, 2017, the United States enacted tax reform legislation commonly known as the Tax Cuts and Jobs Act (Act), resulting in significant modifications to existing law. Certain provisions impact tax-exempt organizations, including revisions to taxes on unrelated business activities, excise taxes on compensation of certain employees, and various other provisions. While final regulations on these provisions have not yet been promulgated, the impact of these provisions on the consolidated financial statements is not expected to be significant.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0937498
IRS990ScheduleD/TotalLiabilityAmt01543070
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0209577
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt195256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt285761
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt375858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt543233
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt619984

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,462,395
Liabilities
$1,545,366
Net assets
-$82,971
Revenue
$326,091
Expenses
$219,847
Net income
$106,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.85$0.05$0.90
2019Detailed filing. Detailed filing data is available for this year.$1.46$1.55$0.08$0.33$0.22$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.42$1.63$0.21$0.30$0.21$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.06$1.34$0.28$0.32$0.22$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.35$1.74$0.38$0.31$0.22$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.35$1.83$0.48$0.28$0.23$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.40$1.93$0.53$0.26$0.24$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.42$1.98$0.56$0.29$0.23$0.06
2012Summary only. Only limited summary data is available for this year.$1.43$2.05$0.62$0.24$0.25$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$2.04$0.60$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$2.12$0.61$0.27