Hendrick Medical Center

Organization Overview

Hendrick Medical Center is located in Abilene, TX. The organization was established in 1937. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2021, Hendrick Medical Center employed 4,177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2020, Hendrick Medical Center generated $519.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $431.8m during the year ending 08/2020. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Hendrick Medical Center has awarded 28 individual grants totaling $8,014,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO DELIVER HIGH QUALITY HEALTH CARE EMPHASIZING EXCELLENCE AND COMPASSION CONSISTENT WITH THE HEALING MINISTRY OF JESUS CHRIST

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHARITY CARE PROGRAM: HENDRICK MEDICAL CENTER, IN KEEPING WITH ITS MISSION, VISION, AND VALUES AS A BAPTIST ORGANIZATION, HAS ALWAYS MAINTAINED A GENEROUS CHARITY CARE PROGRAM TO ASSURE THAT THOSE WITH THE INABILITY TO PAY HAVE ACCESS TO THE SERVICES PROVIDED BY HENDRICK. THE CHARITY POLICY IN EFFECT DURING THE PERIOD COVERED BY THIS REPORT PROVIDES THAT FAMILIES WITH INCOMES BELOW 250% OF THE FEDERAL POVERTY GUIDELINES ARE ELIGIBLE FOR SERVICES, WITH NO PERSONAL FINANCIAL RESPONSIBILITY. FAMILIES WITH INCOMES ABOVE 250% OF THE FEDERAL POVERTY GUIDELINES RECEIVE CARE WITH PARTIAL FINANCIAL RESPONSIBILITY INCREASING AS THE FAMILY INCOME EXCEEDS THE FEDERAL POVERTY GUIDELINES. HENDRICK PROVIDES FINANCIAL COUNSELORS AND SOCIAL WORKERS TO HELP PATIENTS WITH HEALTHCARE NEEDS BY IDENTIFYING COMMUNITY RESOURCES AVAILABLE AND BY ASSISTING THEM IN THEIR EFFORTS TO IDENTIFY AND QUALIFY FOR GOVERNMENT-SPONSORED PROGRAMS. PROVIDING GOVERNMENT PROGRAMS BELOW COST: HENDRICK IS ALSO COMMITTED TO PARTICIPATING IN GOVERNMENT FUNDED PROGRAMS SUCH AS MEDICARE, MEDICAID, TRICARE, COUNTY INDIGENCY, ETC. THE COST OF SERVICES OFTEN EXCEEDS THE REIMBURSEMENT PROVIDED BY THESE PROGRAMS.


PROFESSIONAL HEALTH EDUCATION: HENDRICK MEDICAL CENTER HAS AFFILIATION AGREEMENTS AND PROVIDES FINANCIAL SUPPORT TO MANY PROFESSIONAL HEALTH EDUCATIONAL EFFORTS FOR THE PURPOSES OF ENHANCING THE KNOWLEDGE OF EXISTING HEALTH PROFESSIONALS AND EDUCATING NEW HEALTH PROFESSIONALS TO MEET THE INCREASING DEMAND. HENDRICK'S EFFORTS ARE FOCUSED IN AREAS OF STUDY WHERE SHORTAGES COULD POTENTIALLY LIMIT THE CAPACITY OF THE HEALTHCARE SYSTEM TO MEET THE NEEDS OF THE TEXAS MIDWEST. HENDRICK HAS PROVIDED FUNDING AND HAS ENTERED INTO EDUCATIONAL RELATED AFFILIATIONS AGREEMENTS. SOME OF WHICH ARE IDENTIFIED: 1. TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER - SCHOOL OF PHARMACY, BSN 2ND DEGREE PROGRAM AND BSN TRADITIONAL PROGRAM. 2. PATTY HANKS SHELTON SCHOOL OF NURSING - RN, BSN, MSN AND MSN/FNP PROGRAMS. 3. CISCO JR. COLLEGE - LVN/ADN, SURGERY TECHNICIAN, PHARMACY TECHNICIAN, MEDICAL ASSISTANT AND RESPIRATORY THERAPY PROGRAMS. 4. TEXAS STATE TECHNICAL COLLEGE - ADN, EMT, TRANSCRIPTION, NURSE CLERK, NURSE AIDE AND PHLEBOTOMY PROGRAMS. 5. ABILENE CHRISTIAN UNIVERSITY - SPEECH/LANGUAGE PATHOLOGY, SOCIAL WORK, PSYCHOLOGY, EXERCISE HEALTH SCIENCE, BIBLE AND FAMILY STUDIES, BODY AND SOUL. 6. HARDIN-SIMMONS UNIV. - DOCTORATE OF PHYSICAL THERAPY, SOCIAL WORK, THEOLOGY, COMMUNICATION, ATHLETIC TRAINING. 7. TEXAS STATE UNIVERSITY - RESPIRATORY THERAPY PROGRAM 8. HENDRICK SCHOOL OF RADIOGRAPHY. A STUDENT LOAN PROGRAM IS AVAILABLE FOR STUDENTS ENROLLED IN THE SCHOOL. STUDENTS ARE ELIGIBLE FOR A $3,750.00 LOAN AT THE BEGINNING OF THEIR FIRST AND SECOND YEAR. HENDRICK'S STUDENT LOAN PROGRAM IS TRANSITIONING INTO THE TUITION REIMBURSEMENT PROGRAM. 9. ABILENE IND SCHOOL DISTRICT - HOLLAND MEDICAL HIGH SCHOOL. A TUITION REIMBURSEMENT PROGRAM IS PROVIDED FOR STUDENTS IN CRITICAL NEED POSITIONS AT HENDRICK MEDICAL CENTER UPON VERIFICATION OF STUDENT LOAN DEBT.


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Board, Officers & Key Employees

Name (title)Compensation
Brad Holland
President/ceo
$1,087,968
Joe Pearson
Vice President
$513,894
Jeremy Walker
Vice President/cfo
$427,138
Susie Cassle
Vice President
$351,957
Susan Wade
Vice President
$336,025
America Farrell
Vice President
$288,804

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jones Day
Legal Services
$2,012,604
Pittsburgh Critical Care Assoc
Medical Services
$1,764,314
Allen Teinert Construction
Construction Servics
$1,995,537
Texas Healthcare Linen
Laundry Services
$1,538,247
Allscripts Healthcare Llc
Technology Services
$9,569,503
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$15,167,982
Investment income $7,843,183
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,063,849
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $519,719,787

Grants Awarded

Over the last fiscal year, Hendrick Medical Center has awarded $2,530,645 in support to 5 organizations.

Grant RecipientAmount

TEXAS TECH UNIVERSITY HEALTH SCIENCE CENTER

PURPOSE: SCHOOL OF NURSING

$1,770,828

PATTY HANKS SCHOOL OF NURSING

Org PageRecipient Profile

Abilene, TX

PURPOSE: SUPPORT NURSING EDUCATION

$299,103

CITY OF ABILENE

PURPOSE: CHARITABLE

$250,000

PRESBYTERIAN MEDICAL CARE MISSION

Org PageRecipient Profile

Abilene, TX

PURPOSE: SUPPORT HEALTH CLINIC

$203,314

CONNECTING CARING COMMUNITIES

Org PageRecipient Profile

Abilene, TX

PURPOSE: FRIENDSHIP HOUSE

$7,400
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hendrick Medical Center has recieved totaling $25,005.

Awarding OrganizationAmount
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: SPECIAL PROJECT

$25,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$12,659,336
Earnings$1,427,324
Net Contributions$1,224,769
Other Expense$121,246
Ending Balance$15,190,183

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