Hendrick Anethesia Network
- Assets
- $1.1m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Abilene, TX
- Founding
- 11/1999
- Data as of
- 08/2023
- 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 08/2023, Hendrick Anethesia Network employed 49 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 08/2023, Hendrick Anethesia Network generated $14.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $28.7m during the year ending 08/2023. While expenses have increased by 11.8% per year over the past 8 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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 17,933 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 |
|---|---|---|---|
Brad Holland President | OfficerTrustee | 2 | $0 |
Jeremy Walker CFO | OfficerTrustee | 2 | $0 |
Brandon Caddell Chair | OfficerTrustee | 40 | $643,533 |
Christopher Armstrong Director | Trustee | 40 | $635,161 |
Michael Sullivan Director | Trustee | 40 | $623,423 |
Doug Mcewen Director | Trustee | 40 | $616,303 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumtenenscom Contract Labor | 8/30/23 | $1,219,176 |
Scout Nursing Staff Contract Labor | 8/30/23 | $549,254 |
Kobor Medsearch Llc Contract Labor | 8/30/23 | $543,808 |
Crna Locum Jobs Contract Labor | 8/30/23 | $622,997 |
Philippe Martin Contract Labor | 8/30/23 | $433,510 |
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 | $14,624,144 |
| Investment income | $976 |
| 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 | $14,631,521 |
| 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. | $7,808,209 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,736,596 |
| Pension plan accruals and contributions | $357,944 |
| Other employee benefits | $686,451 |
| Payroll taxes | $657,102 |
| Fees for services: Management | $34,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,023,565 |
| Advertising and promotion | $0 |
| Office expenses | $11,289 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,160 |
| 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 | $131,949 |
| All other expenses | $0 |
| Total functional expenses | $28,659,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,018,367 |
| 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 | $1,111,143 |
| Accounts payable and accrued expenses | $2,277,470 |
| 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 | $2,277,470 |
| Net assets without donor restrictions | -$1,166,327 |
| 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 | $1,111,143 |