Medical Center Health System
- Assets
- $1.2m
- Revenue
- $95.5k
- Investments
- $981.7k
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 04/1963
- Data as of
- 09/2023
- EIN
- 75-0864382
Organization Overview
Medical Center Health System is located in Odessa, TX. The organization was established in 1963. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical Center Health System 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 09/2023, Medical Center Health System generated $95.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $35.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DONATIONS OF EQUIPMENT, FURNITURE AND FIXTURES TO MEDICAL CENTER HEALTH SYSTEM AND RELATED ACTIVITIES (SUPPORT OF MEDICAL CENTER HEALTH SYSTEM IS THE ORGANIZATION'S PRIMARY FUNCTION.)
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENDING & POPCORN SALES - PROCEEDS FROM THESE SALES ARE USED TO MAKE APPROVED EQUIPMENT PURCHASES FOR MEDICAL CENTER HEALTH SYSTEM.
MEMBERSHIP DUES, WITHOUT DONOR RESTRICTED MEMORIAL FUNDS, DONATIONS & SCHOLARSHIPS MEMORIAL CONTRIBUTIONS (NET OF MEMORIAL PLAQUE EXPENDITURES), FUNDRAISING, VENDING COMMISSION AND OTHER MISCELLANEOUS DONATIONS ARE USED TO PROVIDE BENEFITS THROUGH CONTRIBUTIONS TO CHILDREN'S MIRACLE NETWORK & MEDICAL CENTER HEALTH SYSTEM. OTHER DONATIONS AND FUNDRAISING MONIES ARE USED TO PROVIDE SCHOLARSHIPS TO QUALIFYING EDUCATIONAL FACILITIES AND STUDENTS IN AN EFFORT TO ASSIST WITH THE COSTS OF OBTAINING A HEALTHCARE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Ferguson Chair | Officer | 5 | $0 |
Dianna Fields First Vice Chair | Officer | 5 | $0 |
Lupe Porras Second Vice Chair | Officer | 5 | $0 |
Josie Mediano Treasurer | Officer | 5 | $0 |
Gracie Sanchez Assistant Treasurer | Officer | 5 | $0 |
Norma Telles Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,200 |
| Total Program Service Revenue | $49,379 |
| Investment income | $31,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,919 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,822 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,523 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522 |
| Insurance | $2,199 |
| All other expenses | $3,495 |
| Total functional expenses | $35,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,573 |
| Net Land, buildings, and equipment | $16,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $981,713 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,194,336 |
| Accounts payable and accrued expenses | $3,605 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,605 |
| Net assets without donor restrictions | $1,190,731 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,194,336 |
Grants Awarded
Over the last fiscal year, Medical Center Health System has awarded $115,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MCH CHILDRENS MIRACLE NETWORK PURPOSE: HOSPITAL OPERATIONS | $15,000 |
MEDICAL CENTER HOSPITAL PURPOSE: HOSPITAL OPERATIONS | $100,000 |