Texas Health Resources
- Assets
- $7.4b
- Revenue
- $1.2b
- Investments
- $0.0
- Employees
- 4,811
- Location
- Arlington, TX
- Founding
- 07/1997
- Data as of
- 12/2019
- EIN
- 75-2702388
Organization Overview
Texas Health Resources is located in Arlington, TX. The organization was established in 1997. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2019, Texas Health Resources employed 4,811 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Texas Health Resources generated $1.2b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $746.9m during the year ending 12/2019. While expenses have increased by 6.6% per year over the past 5 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 2014, Texas Health Resources has awarded 118 individual grants totaling $14,459,193. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH ITS AFFILIATES, THR OPERATES AN INTEGRATED HEALTHCARE SYSTEM WITH SERVICES AND FACILITIES THROUGHOUT NORTH CENTRAL TEXAS TO IMPROVE HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 1997, TEXAS HEALTH RESOURCES (THR) PROVIDES DIRECTION AND OVERSIGHT TO ITS WHOLLY-CONTROLLED AFFILIATES. THE RANGE OF CENTRALIZED SERVICES PROVIDED BY THR INCLUDE INFORMATION SERVICES, MANAGED CARE CONTRACTING, HUMAN RESOURCES, REVENUE CYCLE, LEGAL, TAX, COMPLIANCE, SUPPLY CHAIN, BUSINESS DEVELOPMENT, INSURANCE, TREASURY, MARKETING, GENERAL ACCOUNTING, AND STRATEGIC PLANNING. THR OPERATES PROFESSIONAL OFFICE BUILDINGS LEASED PRIMARILY TO PHYSICIANS WHO ARE MEMBERS OF THE MEDICAL STAFF OF THR AFFILIATED HOSPITALS. THR ALSO OPERATES, MANAGES AND COORDINATES PHYSICIAN SERVICES THROUGH TEXAS HEALTH PHYSICIANS GROUP (THPG), A WHOLLY OWNED AFFILIATE OF THR. THPG IS A NETWORK OF PRIMARY AND SPECIALTY CARE PHYSICIAN PRACTICES PROVIDING THE NORTH TEXAS AREA COMMUNITY ACCESS TO QUALITY HEALTH CARE DELIVERED EITHER THROUGH AN OFFICE SETTING OR THROUGH A HOSPITAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Berdan Barclay E Chief Executive Officer | OfficerTrustee | 38.25 | $2,638,211 |
Varga Daniel W Evp Sr & Chief Clinical Officr | Officer | 40 | $1,937,511 |
Canose MD Jeffrey L Sevp Chief Operating Officer | Officer | 40 | $1,558,717 |
Berenzweig Harold K Evp Zone Clinical Leader | Officer | 40 | $1,384,695 |
Miao Winjie Tang Sevp Chief Experience Officer | Officer | 40 | $1,371,315 |
Ransom Elizabeth Evp Zone Clinical Leader | Officer | 40 | $1,285,275 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest Media Group Marketing Services | 12/30/19 | $9,129,495 |
Pwc Advisory Services Llc Consulting | 12/30/19 | $22,440,835 |
Austin Industries Inc Construction | 12/30/19 | $60,269,722 |
Innosight Consulting Llc Consulting | 12/30/19 | $8,542,500 |
Beck - The Beck Group Construction | 12/30/19 | $7,413,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,376,346 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,376,346 |
| Total Program Service Revenue | $870,343,450 |
| Investment income | $114,355,715 |
| Tax Exempt Bond Proceeds | $285,146 |
| Royalties | $132,882 |
| Net Rental Income | $1,368,166 |
| Net Gain/Loss on Asset Sales | $191,610,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,190,451,779 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $416,354 |
| Grants and other assistance to domestic individuals. | $13,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,533,305 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $263,911,395 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $11,677,211 |
| Other employee benefits | $39,387,541 |
| Payroll taxes | $18,705,503 |
| Fees for services: Management | $3,757,082 |
| Fees for services: Legal | $3,980,940 |
| Fees for services: Accounting | $2,215,553 |
| Fees for services: Lobbying | $125,034 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,465,888 |
| Fees for services: Other | $64,187,946 |
| Advertising and promotion | $13,998,526 |
| Office expenses | $9,294,044 |
| Information technology | $92,948,067 |
| Royalties | $0 |
| Occupancy | $23,915,113 |
| Travel | $1,755,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,121,017 |
| Interest | $36,843,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,804,692 |
| Insurance | $888,240 |
| All other expenses | $16,879,241 |
| Total functional expenses | $746,896,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,277,751 |
| Savings and temporary cash investments | $413,449,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,294,834 |
| Loans from Officers, Directors, or Controlling Persons | $3,044,846 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,831,554 |
| Inventories for sale or use | $710 |
| Prepaid expenses and deferred charges | $44,269,248 |
| Net Land, buildings, and equipment | $404,995,530 |
| Investments—publicly traded securities | $5,321,347,121 |
| Investments—other securities | $0 |
| Investments—program-related | $739,993,077 |
| Intangible assets | $85,965,740 |
| Other assets | $318,815,374 |
| Total assets | $7,383,285,469 |
| Accounts payable and accrued expenses | $349,197,872 |
| Grants payable | $0 |
| Deferred revenue | $11,884,960 |
| Tax-exempt bond liabilities | $1,220,172,656 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $640,960,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,409,567 |
| Total liabilities | $2,372,625,720 |
| Net assets without donor restrictions | $5,010,659,749 |
| 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 | $7,383,285,469 |
Grants Awarded
Over the last fiscal year, Texas Health Resources has awarded $372,006 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Cancer Support | $125,456 |
Dallas, TX PURPOSE: General Purpose | $50,000 |
Arlington, VA PURPOSE: General Purpose | $33,000 |
Fort Worth, TX PURPOSE: General Purpose | $25,000 |
Fort Worth, TX PURPOSE: General Purpose | $19,800 |
Grapevine, TX PURPOSE: General Purpose | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Texas Health Resources has recieved totaling $1,950,000.
| Awarding Organization | Amount |
|---|---|
Jane And John Justin Foundation Fort Worth, TX PURPOSE: CAPITAL IMPROVEMENTNEW BUILDING | $1,900,000 |
H Kay Jarvis And Kenneth B Jarvis Foundation Plano, TX PURPOSE: GENERAL | $25,000 |
H Kay Jarvis And Kenneth B Jarvis Foundation Plano, TX PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christus Health Irving, TX | $2,730,342,875 | $1,012,200,002 |
Christus Spohn Health System Corporation Corpus Christi, TX | $773,059,009 | $811,978,988 |
Texas Health Resources Arlington, TX | $7,383,285,469 | $1,190,451,779 |
Texas Health Presbyterian Hospital Dallas Dallas, TX | $388,076,154 | $675,096,034 |
Christus Health Ark-La-Tex Texarkana, TX | $179,097,861 | $355,246,256 |
Integris Health Inc Oklahoma City, OK | $2,169,345,017 | $319,311,826 |
Franciscan Missionaries Of Our Lady Health System Inc Baton Rouge, LA | $1,272,880,220 | $224,068,859 |
Affiliated Medical Services Houston, TX | $29,510,959 | $286,246,409 |
Etx Successor System Tyler, TX | $6,821,008 | $298,468,898 |
Cook Childrens Health Care System Fort Worth, TX | $566,258,574 | $256,780,292 |
U T Physicians Houston, TX | $171,459,158 | $179,232,757 |
Baylor Scott & White Holdings Dallas, TX | $6,019,634,772 | $72,287,415 |