Etx Successor System
- Assets
- $61.1m
- Revenue
- $208.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Tyler, TX
- Founding
- 04/2010
- Data as of
- 10/2020
- EIN
- 75-1803327
Organization Overview
Etx Successor System is located in Tyler, TX. The organization was established in 2010. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Etx Successor 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 10/2020, Etx Successor System generated $208.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (69.2%) each year. All expenses for the organization totaled $5.3m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Etx Successor System has awarded 28 individual grants totaling $4,315,392. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM PROVIDES OVERALL MANAGEMENT AND SUPPORT TO THE ENTITIES THAT COMPRISE EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EAST TEXAS MEDICAL CENTER REGIONAL HEALTHCARE SYSTEM (THE "SYSTEM") IS THE PARENT COMPANY WHICH WHOLLY-OWNS AND OPERATES 18-SUBSIDIARY ORGANIZATIONS THAT OPERATE PRIMARILY IN TEXAS. THE "SYSTEM" IS HEADQUARTERED IN TYLER, TEXAS AND ITS OPERATIONS EXTENDS IN ALL DIRECTIONS FROM TYLER, IN AN APPROXIMATE 100-MILE RADIUS.THE "SYSTEM" CONSISTS OF 10 HOSPITALS, OVER 100 EMPLOYED PHYSICIANS, OTHER HEALTHCARE SERVICES SUCH AS CANCER TREATMENT AND HOME HEALTH, AS WELL AS OTHER OPERATIONS THAT INCLUDE EMERGENCY MEDICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Roosth Director | 2 | $0 | |
Stephen Rydzak MD Director | 2 | $0 | |
Elam Swann President | 2 | $0 | |
Rocky Gill Vice President | 2 | $0 | |
Paul Detwiler MD Director | 2 | $0 | |
Byron Hale Secretary/treas | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adams & Coker Pc | 10/30/20 | $132,185 |
Rudd & Wisdom Inc | 10/30/20 | $153,509 |
Blumberg Ribner Inc | 10/30/20 | $329,824 |
Carroll Maloney Henry & Nelson | 10/30/20 | $153,949 |
Morgan Lewis & Bockius Lp | 10/30/20 | $696,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,932 |
| Interest on Savings | $131,358 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29,537 |
| Total Revenue | $208,827 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,158 |
| Depreciation | $0 |
| Occupancy | $738 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,603 |
| Total operating and administrative expenses | $1,971,415 |
| Contributions, gifts, grants paid | $3,306,124 |
| Total expenses and disbursements | $5,277,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,490,038 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $460,548 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,690 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | -$108,137 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $48,530,038 |
| Total assets | $61,119,878 |
| Accounts payable and accrued expenses | $96,362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $96,362 |
Grants Awarded
Over the last fiscal year, Etx Successor System has awarded $3,306,124 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNIVERSITY OF TX HEALTH SCIENCE PURPOSE: START-UP, OPERATIONAL, AND RELATED EXPENSES OF A MEDICAL SCHOOL IN SMITH COUNTY, TX | $2,000,000 |
NORTHEAST TEXAS PUBLIC HEALTH DISTR PURPOSE: BEHAVIORAL HEALTH LEADERSHIP TEAM GRANT | $129,000 |
Tyler, TX PURPOSE: EARLY INTERVENTION COUNSELING | $100,000 |
Tyler, TX PURPOSE: TRAUMA INFORMED SCHOOLS GRANT | $100,000 |
Tyler, TX PURPOSE: DENTAL & MENTAL HEALTH EXPANSION PROJECT | $100,000 |
Tyler, TX PURPOSE: COVID-19 RESPONSE GRANT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Etx Successor System has recieved totaling $1,250,000.
| Awarding Organization | Amount |
|---|---|
Cook Childrens Medical Center Fort Worth, TX PURPOSE: SPONSOR | $1,250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lafayette Health Ventures Inc Lafayette, LA | $10,029,024 | $12,281,846 |
Community Health Centers Of South Central Texas Inc Gonzales, TX | $17,235,238 | $18,835,061 |
Chc Community Care Llc Plano, TX | $5,322,582 | $13,837,033 |
Syncronys Albuquerque, NM | $9,036,705 | $15,296,549 |
Rapides Foundation Alexandria, LA | $365,841,423 | $25,364,820 |
Saint Francis Health System Inc Tulsa, OK | $37,392,012 | $15,628 |
Chc Community Llc Plano, TX | $6,687,879 | $11,017,370 |
Chc Community Care Llc Plano, TX | $4,042,357 | $11,175,634 |
Community Hospital Corporation Plano, TX | $19,373,473 | $9,167,067 |
Chc Community Care Llc Plano, TX | $3,933,299 | $11,176,815 |
Mercy Health Oklahoma Communities Inc Oklahoma City, OK | $77,124,396 | $15,351,305 |
Chi St Vincent Hot Springs Hot Springs, AR | $140,495,256 | $2,941,051 |