Civic Intelligence

Hendrick Hospice Care Inc.

990 • Fiscal year 2021 • EIN 75-1835287

Sep 01, 2020 to Aug 31, 2021 • Filed on Jul 15, 2022

PO Box 3117Abilene, TX 79604

(325) 670-2000

Siviq Scores

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

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

44th percentile

0.18x

Higher debt load relative to revenue than 44% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

24th percentile

1.0%

Higher net margin than 24% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$1,251,211

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

13th percentile

-3.4%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-5.2%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$17,067,064

Down $601,924 (-3.4%) from 2020

Net Assets

Up

$15,354,870

Up $608,733 (+4.1%) from 2020

Liabilities

Down

$1,712,194

Down $1,210,657 (-41%) from 2020

Revenue

Down

$9,698,881

Down $527,736 (-5.2%) from 2020

Expenses

Up

$9,603,859

Up $164,547 (+1.7%) from 2020

Net Income

Down

$95,022

Down $692,283 (-88%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $7,203,373Liabilities 2010: $328,553Net Assets 2010: $6,874,8202010Assets 2011: $8,251,565Liabilities 2011: $333,133Net Assets 2011: $7,918,4322011Assets 2012: $9,166,630Liabilities 2012: $207,060Net Assets 2012: $8,959,5702012Assets 2013: $10,394,247Liabilities 2013: $275,462Net Assets 2013: $10,118,7852013Assets 2014: $11,202,604Liabilities 2014: $247,918Net Assets 2014: $10,954,6862014Assets 2015: $16,561,235Liabilities 2015: $261,546Net Assets 2015: $16,299,6892015Assets 2016: $15,073,530Liabilities 2016: $260,043Net Assets 2016: $14,813,4872016Assets 2017: $13,070,564Liabilities 2017: $278,323Net Assets 2017: $12,792,2412017Assets 2018: $14,168,651Liabilities 2018: $577,727Net Assets 2018: $13,590,9242018Assets 2019: $14,374,351Liabilities 2019: $541,989Net Assets 2019: $13,832,3622019Assets 2020: $17,668,988Liabilities 2020: $2,922,851Net Assets 2020: $14,746,1372020Assets 2021: $17,067,064Liabilities 2021: $1,712,194Net Assets 2021: $15,354,8702021Assets 2022: $25,925,586Liabilities 2022: $11,901,539Net Assets 2022: $14,024,0472022Assets 2023: $25,668,743Liabilities 2023: $11,701,627Net Assets 2023: $13,967,1162023Assets 2024: $29,791,224Liabilities 2024: $543,323Net Assets 2024: $29,247,9012024

Highlighted filing

2021

Assets$17,067,064
Liabilities$1,712,194
Net Assets$15,354,870

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,295,8002010Expenses 2011: $6,391,2002011Expenses 2012: $6,516,1772012Revenue 2013: $8,191,813Expenses 2013: $7,130,506Net Income 2013: $1,061,3072013Revenue 2014: $7,421,666Expenses 2014: $6,726,265Net Income 2014: $695,4012014Revenue 2015: $12,598,235Expenses 2015: $7,050,453Net Income 2015: $5,547,7822015Revenue 2016: $8,399,256Expenses 2016: $7,738,908Net Income 2016: $660,3482016Revenue 2017: $9,038,565Expenses 2017: $8,859,151Net Income 2017: $179,4142017Revenue 2018: $10,228,296Expenses 2018: $9,653,527Net Income 2018: $574,7692018Revenue 2019: $9,910,024Expenses 2019: $9,624,090Net Income 2019: $285,9342019Revenue 2020: $10,226,617Expenses 2020: $9,439,312Net Income 2020: $787,3052020Revenue 2021: $9,698,881Expenses 2021: $9,603,859Net Income 2021: $95,0222021Revenue 2022: $10,142,770Expenses 2022: $10,717,406Net Income 2022: -$574,6362022Revenue 2023: $11,581,670Expenses 2023: $11,870,448Net Income 2023: -$288,7782023Revenue 2024: $11,881,467Expenses 2024: $12,253,692Net Income 2024: -$372,2252024

Highlighted filing

2021

Revenue$9,698,881
Expenses$9,603,859
Net Income$95,022
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jul 15, 2022
Return Version
2020v4.1
Gross Receipts
$11,119,681
Mission and Program Overview

Mission

Counseling for terminally ill, including bereavement counseling, nursing services, and social work counseling for terminally ill persons and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,180,835$3,740,344▲ $559,509
Accounts Receivable$1,302,463$2,140,078▲ $837,615
Land, Buildings, and Equipment, Net$679,795$680,478▲ $683
Savings and Temporary Cash Investments$358,185$325,759▼ $32,426
Prepaid Expenses and Deferred Charges$22,459$17,973▼ $4,486
Inventories for Sale or Use$25,308$16,471▼ $8,837
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$17,668,988$17,067,064▼ $601,924
Other Assets Total$12,099,643$10,145,661▼ $1,953,982
Liabilities
Deferred Revenue$2,199,352$841,155▼ $1,358,197
Accounts Payable and Accrued Expenses$493,072$524,697▲ $31,625
Other Liabilities$230,427$346,342▲ $115,915
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,922,851$1,712,194▼ $1,210,657
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,403,039$15,011,726▲ $608,687
Net Assets With Donor Restrictions$343,098$343,144▲ $46
Total Net Assets Fund Balance$14,746,137$15,354,870▲ $608,733
Total Liabilities and Net Assets / Fund Balance$17,668,988$17,067,064▼ $601,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$538,362$931,364$1,469,726
Other Land Buildings$133,939$136,839$270,778
Land$8,177-$8,177
Buildings$0$0$0
Leasehold Improvements$0$0$0
Other Assets Org$429,956--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gerardo GonzalezRegistered NurseFT$136,956$28,603$165,559
Karen TucekExecutive DirectorFT$118,151$33,171$151,322
Larry ToliverPharmacistFT$125,329$17,818$143,147
Becky CamarilloRegistered NurseFT$113,045$18,894$131,939
Aimee Mudd-powellRegistered NurseFT$107,845$3,428$111,273
Bruce LampertDirector--$85,305$85,305

Board Members and Trustees

NameTitle
Brad HollandPresident/CEO
David StephensonVice President
Joe PearsonVice President
Susan WadeVice President
Brian BessentChief Administrative Officer
Jeremy WalkerChief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abilene State Supported Living CentInpatient Facility2501 MAPLE STREET, Abilene, TX 79602$363,895
Texada Dba Wisteria PlaceInpatient Facility3202 SOUTH WILLIS, Abilene, TX 79605$155,266
Abilene Snf LLCInpatient Facility6050 HOSPITAL DRIVE, Abilene, TX 79606$151,602
Sweetwater HealthcareInpatient Facility1300 S UNIVERSITY DRIVE, Fort Worth, TX 76107$125,278
Abilene Healthcare OperationsInpatient Facility1201 CLARKS DRIVE, Abilene, TX 79602$124,354
Revenue and Support

Revenue Composition

Contributions and Grants
$453,316
Program Service Revenue
$8,517,168
Investment Income
$411,643
Other Revenue
$316,754
All Other Contributions
$204,109
Change in Net Assets
$95,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,687,803
Revenue Not Reported on Financial Statements
$11,078
Revenue Not Reported on Form 990
$265,962
Other Revenue Adjustments
$46
Total Revenue per Audited Statements
$9,953,765
Total Revenue per Form 990
$9,698,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,800,040
Other Expenses$2,803,744
Total Fundraising Expense$247,749
Grants and Similar Amounts Paid$75
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,402,422$1,046,267-$5,448,688
Occupancy$358,615$747,670-$1,106,285
Other Employee Benefits$529,526$125,083-$654,609
Payroll Taxes$327,397$71,961-$399,358
Fees for Services Other$249,092$9,461-$258,553
Current Officers, Directors, Trustees, and Key Employees$122,287$29,034-$151,321
Depreciation Depletion$145,345$5,233-$150,578
Pension Plan Contributions$118,302$27,761-$146,064
Office Expenses$116,339$17,827-$134,166
All Other Expenses$13,398$112,120-$125,518
Travel$112,949$1,104-$114,053
Other Expenses$102,651$52,360$247,749$102,651
Information Technology$80,602$16,852-$97,454
Insurance$23,186$14,724-$37,910
Fees for Services Management$29,200$2,925-$32,125
Advertising$7,889$16,366-$24,255
Fees for Service Investment Mgmnt Fees-$11,032-$11,032
Fees for Services Accounting-$5,200-$5,200
Grants to Domestic Orgs$75--$75
Total Functional Expenses$7,043,130$2,312,980$247,749$9,603,859

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,603,859
Expenses per Audited Statements$9,345,078
Total Expenses per Audited Statements$9,345,078
Expenses Not Reported on Financial Statements$258,781
Other Expense Adjustments$247,749
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Payroll Taxes Payable$236,114
Due to Affiliates$110,228
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is hendrick medical center.

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

The organization engages an outside accounting firm to prepare form 990. Once prepared, the form is reviewed by the organization's internal accountants and administrative management prior to filing.

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

The organization sends out a conflict of interest questionnaire annually to all trustees of the board and to the executive employees. The questionnaires are reviewed by our outside auditors prior to the annual audit and by the organization's director of compliance to identify possible conflicts of interest and other financial relationships under the conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

A comprehensive review of compensation is conducted by an independent party at least every three years. This report presents the results of the analysis of salary, incentive, total cash compensation (salary plus incentive), benefits, and total compensation (total cash and benefits). Integrated healthcare strategies (ihs) works with the personnel committee to formally define an executive total compensation philosophy. Hendrick health system's current philosophy is to use ranges built around the median of the market with a 50% spread from minimum to maximum. Incentive opportunity levels are competitive with practices of peer groups and benefits will be delivered at market competitive levels. Severance and perquisites reflect a conservative philosophy. The committee determined that the peer group would be primarily regional not-for-profit hospitals of similar size and complexity. National peer group will be used for reference purposes where appropriate. The hendrick health system personnel committee is delegated the responsibility for the executive compensation program by the board of trustees. The committee: sets the overall executive compensation philosophy to be implemented by hendrick health system; sets compensation components for the president and ceo; reviews, discusses and makes decisions based on the president and ceo's recommendations for his direct reports; reports a summary of the process back to the board of trustees along with the actual compensation approved for the president and ceo; and approves all incentive goals and awards.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hendrick Hospice Care
EIN
75-1835287
In Care Of
% JEREMY WALKER
Phone
3256702000
Address
PO BOX 3117, ABILENE, TX 79604

Signing Officer

Name
Jeremy Walker
Title
CFO
Phone
7134994600
Signed
2022-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Holland
Formed
1985
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
117
Volunteers
25

Preparer

Firm
Forvis Llp
Address
2700 Post Oak Blvd Ste 1500, HOUSTON, TX 77056
Preparer
Amanda Maya
Phone
7134994600
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IX, Line 2D

Reconciliation of revenue per audited f/s with revenue per return revenue on books, not on return: fundraising activities expenses $ (247,749)

Schedule D, Part XI, Line 4B

Reconciliation of revenue per audited f/s with revenue per return revenue on return, not on books: contributions recorded to net assets $ 46

Schedule D, Part XII, Line 4B

Reconciliation of expenses per audited f/s with expenses per return expenses on return, not on books: fundraising activities expenses $ 247,749

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material tax positions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.8$0.54$29.2$11.9$12.3$0.37
2023Detailed filing. Detailed filing data is available for this year.$25.7$11.7$14.0$11.6$11.9$0.29
2022Detailed filing. Detailed filing data is available for this year.$25.9$11.9$14.0$10.1$10.7$0.57
2021Detailed filing. Detailed filing data is available for this year.$17.1$1.71$15.4$9.70$9.60$0.10
2020Detailed filing. Detailed filing data is available for this year.$17.7$2.92$14.7$10.2$9.44$0.79
2019Detailed filing. Detailed filing data is available for this year.$14.4$0.54$13.8$9.91$9.62$0.29
2018Detailed filing. Detailed filing data is available for this year.$14.2$0.58$13.6$10.2$9.65$0.57
2017Detailed filing. Detailed filing data is available for this year.$13.1$0.28$12.8$9.04$8.86$0.18
2016Detailed filing. Detailed filing data is available for this year.$15.1$0.26$14.8$8.40$7.74$0.66
2015Detailed filing. Detailed filing data is available for this year.$16.6$0.26$16.3$12.6$7.05$5.55
2014Detailed filing. Detailed filing data is available for this year.$11.2$0.25$11.0$7.42$6.73$0.70
2013Summary only. Only limited summary data is available for this year.$10.4$0.28$10.1$8.19$7.13$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.17$0.21$8.96$6.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.25$0.33$7.92$6.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$0.33$6.87$6.30