Palacios Community Medical Center
- Assets
- $4.2m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 81
- Location
- Palacios, TX
- Founding
- 02/2002
- Data as of
- 12/2019
- EIN
- 76-0698013
Organization Overview
Palacios Community Medical Center is located in Palacios, TX. The organization was established in 2002. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2018, Palacios Community Medical Center employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palacios Community Medical Center 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 12/2019, Palacios Community Medical Center generated $8.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $6.4m during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESSIBLE QUALITY HEALTHCARE SERVICES TO THE PEOPLE OF THE COMMUNITY AND SURROUNDING AREA, TO PROMOTE THE BEST OPPORTUNITY FOR RECOVERY OF GOOD HEALTH AND TO ASSURE THE CONTINUED VIABILITY OF THE HOSPITAL THROUGH PLANNING AND SOUND FISCAL MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A COMMUNITY OWNED HOSPITAL DEDICATED TO PROVIDING ACCESSBILE QUALITY HEALTHCARE TO THE CITIZENS OF PALACIOS, TEXAS AND THE SURROUNDING AREA. IT OFFERS 24-HOUR EMERGENCY ROOM SERVICES AND IS A 17 BED CRITICAL ACCESS HOSPITAL PROVIDING INPATIENT AND OUTPATIENT SERVICES INCLUDING LABORATORY, RADIOLOGY, PHYICAL THERAPY, SOCIAL, AND PHARMACY SERVICES. DURING 2018, IT PROVIDED 244 INPATIENT DAYS OF CARE, 229 SWING BED DAYS OF CARE AND 96 OBSERVATION DAYS OF CARE. IT HAD 6,711 OUTPATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Ricks Fnp | 40 | $262,512 | |
Joe Vasquez Fnp | 40 | $120,728 | |
Claude Manning CFO | Officer | 40 | $116,185 |
John Whiteside Rn | 40 | $112,745 | |
Lisa Henderson COO | Officer | 40 | $93,306 |
Maria Lara Cno | Officer | 40 | $75,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,869 |
| Investment income | -$677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,308 |
| 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 | $7,997,497 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,938,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$893 |
| Payroll taxes | $112,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,744,507 |
| Advertising and promotion | $42,685 |
| Office expenses | $136,080 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $415,912 |
| Travel | $42,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,875 |
| Insurance | $21,814 |
| All other expenses | $21,297 |
| Total functional expenses | $6,358,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $712,046 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,480 |
| Prepaid expenses and deferred charges | $36,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,607,923 |
| Total assets | $4,195,736 |
| Accounts payable and accrued expenses | $303,794 |
| 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 | $75,606 |
| Other liabilities | $61,482 |
| Total liabilities | $440,882 |
| Net assets without donor restrictions | $3,754,854 |
| 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 |
| Total liabilities and net assets/fund balances | $3,754,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palacios Community Medical Center has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Episcopal Health Foundation Houston, TX PURPOSE: COVID-19 Business Continuity Fund | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicot Memorial Medical Center Lake Village, AR | $20,694,512 | $22,104,345 |
Delta Memorial Hospital Dumas, AR | $19,360,595 | $24,048,672 |
Dardanelle Regional Llc Dardanelle, AR | $9,058,761 | $17,081,430 |
St Bernard Community Hospital Corporation Wynne, AR | $12,847,448 | $21,788,321 |
Clayton Health Systems Inc Clayton, NM | $19,342,828 | $19,073,087 |
Falls Community Hospital And Clinic Marlin, TX | $16,201,440 | $24,067,895 |
Purcell Municipal Hospital Purcell, OK | $9,506,068 | $15,513,649 |
Parmer County Community Hospital Inc Friona, TX | $16,718,292 | $16,282,251 |
Swisher Memorial Healthcare System Tulia, TX | $11,057,131 | $12,961,956 |
Mercy Hospital Paris Paris, AR | $2,615,719 | $12,734,195 |
Little River Medical Center Inc Ashdown, AR | $9,137,852 | $13,390,084 |
Mercy Hospital Waldron Waldron, AR | $2,474,108 | $10,620,353 |