Hendrick Anethesia Network
- Assets
- $2.0m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 38
- Location
- Abilene, TX
- Founding
- 11/1999
- Data as of
- 08/2021
- EIN
- 75-2728889
Organization Overview
Hendrick Anethesia Network is located in Abilene, TX. The organization was established in 1999. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 08/2021, Hendrick Anethesia Network employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hendrick Anethesia Network 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 08/2021, Hendrick Anethesia Network generated $6.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $15.9m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HEALTH AND WELFARE OF THE GENERAL PUBLIC BY PROVIDING QUALITY HEALTHCARE TO THE COMMUNITY.
Describe the Organization's Program Activity:
PROVIDED AN ESTIMATED 10,145 MEDICAL PROCEDURES TO THE COMMUNITY WITH AN EMPHASIS ON THE PRACTICE OF ANESTHESIOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lowry Director | Trustee | 40 | $590,633 |
Ray Martin Director | Trustee | 40 | $580,672 |
Russell Hicks Chair | OfficerTrustee | 40 | $564,345 |
Brandon Caddell Director | Trustee | 40 | $561,636 |
Dennis Carter Director | Trustee | 40 | $561,363 |
Dickson Ferguson Director | Trustee | 40 | $557,953 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenenscom Contract Labor | 8/30/21 | $760,345 |
Morrison Management Specialists Consultants | 8/30/21 | $112,783 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,301,568 |
| Investment income | $610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,316,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,968,896 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,949,319 |
| Pension plan accruals and contributions | $240,708 |
| Other employee benefits | $150,381 |
| Payroll taxes | $492,227 |
| Fees for services: Management | $19,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,072,234 |
| Advertising and promotion | $335 |
| Office expenses | $22,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $89,070 |
| All other expenses | $14,182 |
| Total functional expenses | $15,876,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,035,863 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,045,738 |
| Accounts payable and accrued expenses | $1,488,529 |
| Grants payable | $0 |
| Deferred revenue | $252,865 |
| 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 | $139,893 |
| Total liabilities | $1,881,287 |
| Net assets without donor restrictions | $164,451 |
| 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 | $2,045,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cancer Centers Of Southwest Oklahoma Llc Lawton, OK | $32,318,055 | $43,660,378 |
The West Texas Rehabilitation Center Abilene, TX | $23,689,791 | $34,673,635 |
Oklahoma Proton Foundation Oklahoma City, OK | $88,267,209 | $19,765,055 |
United Methodist Behavioral Health System Inc Little Rock, AR | $21,001,810 | $20,279,034 |
Hendrick Anethesia Network Abilene, TX | $2,045,738 | $6,316,416 |
Santa Rosa Childrens Hospital Foundation San Antonio, TX | $36,800,661 | $10,156,446 |
Leo N Levi Memorial Hospital Association Hot Springs, AR | $12,474,763 | $11,104,687 |
Advanced Care Hospital Of Whitecounty Searcy, AR | $4,626,153 | $9,329,787 |
San Juan Regional Rehabilitation Hospital Inc Farmington, NM | $1,182,215 | $0 |
The Childrens Hospital Volunteers Inc Oklahoma City, OK | $1,580,784 | $1,117,334 |
Jewel Charity Ball Incorporated Fort Worth, TX | $4,120,264 | $2,791,200 |
Womens Auxiliary To The Childrens Medical Center Dallas, TX | $327,211 | $690,337 |