Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $320,283

• 1c · Fundraising events

  $274,301

• 1f · All other contributions, gifts and grants

  $3,873,814

• 1g · Noncash contributions included above

  $96,326

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,465,012 · excluded $1,465,012

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $5,987,447

• 7b · Less cost or other basis and sales expenses

  securities $5,929,284

• 7c · Gain or loss

  securities $58,163 · other assets $0

• 7d · Net gain or loss

  total $58,163 · excluded $58,163

• 8a · Fundraising events: gross income

  $769,472

• 8a · Fundraising events: contributions included on line 1c

  $274,301

• 8b · Fundraising events: direct expenses

  $160,455

• 8c · Net income from fundraising events

  total $609,017 · excluded $609,017

• 9a · Gaming: gross income

  $13,905

• 9b · Gaming: direct expenses

  $7,830

• 9c · Net income from gaming

  total $6,075 · excluded $6,075

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $2 · excluded $2

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $2

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $364,273 · program services $364,273

• 2 · Grants to domestic individuals

  total $495,910 · program services $495,910

• 5 · Compensation of officers, directors and key employees

  total $281,080 · management and general $234,138 · fundraising $46,942

• 7 · Other salaries and wages

  total $200,218 · management and general $168,519 · fundraising $31,699

• 8 · Pension plan contributions

  total $9,678 · management and general $9,678

• 9 · Other employee benefits

  total $58,670 · management and general $40,622 · fundraising $18,048

• 10 · Payroll taxes

  total $25,047 · management and general $20,975 · fundraising $4,072

• 11c · Fees: accounting

  total $21,954 · management and general $21,954

• 11f · Fees: investment management

  total $108,095 · management and general $108,095

• 11g · Fees: other

  total $65,305 · program services $830 · management and general $37,027 · fundraising $27,448

• 12 · Advertising and promotion

  total $78,436 · program services $62,498 · management and general $12,287 · fundraising $3,651

• 13 · Office expenses

  total $160,995 · program services $88,954 · management and general $51,879 · fundraising $20,162

• 14 · Information technology

  total $25,114 · management and general $25,114

• 16 · Occupancy

  total $16,565 · program services $16,565

• 17 · Travel

  total $8,079 · program services $861 · management and general $3,967 · fundraising $3,251

• 24a · Other expenses: MINOR EQUIPMENT

  total $35,859 · program services $8,240 · management and general $23,724 · fundraising $3,895

• 24b · Other expenses: PROFESSIONAL DEVELOPMENT

  total $4,011 · program services $159 · management and general $310 · fundraising $3,542

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $2,164 · management and general $1,534 · fundraising $630

• 24d · Other expenses: EQUIPMENT RENT, MAINTENANCE, AND REPAIR

  total $942 · management and general $885 · fundraising $57

• 24e · All other expenses

  total $61,279 · program services $21,068 · management and general $30,081 · fundraising $10,130

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $91,212 · end of year $184,010

• 3 · Pledges and grants receivable

  beginning of year $20,925 · end of year $4,608

• 4 · Accounts receivable

  beginning of year $8,559 · end of year $14,438

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $15,714,966 · end of year $6,682,500

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $32,611 · end of year $86,293

• 10a · Land, buildings and equipment: cost or other basis

  $14,912

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $14,912 · end of year $14,912

• 11 · Investments: publicly traded securities

  beginning of year $56,530,192 · end of year $68,184,526

• 12 · Investments: other securities

  beginning of year $3,907,883 · end of year $5,122,128

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $92,598 · end of year $94,482

• 17 · Accounts payable and accrued expenses

  beginning of year $205,568 · end of year $217,884

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $88,324 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $65,740,776 · end of year $66,276,791

• 28 · Net assets with donor restrictions

  beginning of year $10,379,190 · end of year $13,893,222

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

METHOD USED BY HENDRICK MEDICAL CENTER TO ESTABLISH RELATED COMPENSATION OF THE OFFICERS: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THESE MONIES ARE FROM OUR 457(F) DEFERRED COMPENSATION PLAN. THE TERMS OF THE PLAN CONTAIN A SUBSTANTIAL RISK OF FORFEITURE CLAUSE WHICH STATES AN INDIVIDUAL MUST REMAIN EMPLOYED FOR A TWO-YEAR PERIOD OF TIME PRIOR TO BEING ELIGIBLE TO RECEIVE THE FUNDS.

Schedule J, Part I, Line 4b

PARTICIPANTS IN 457(F) | REPORTED IN W-2 | DEF COMP | PAID BY -------------------------------------------------------------------------------------- JEREMY WALKER | 40,287 | 44,735 | HMC BRAD HOLLAND | 147,735 | 173,855 | HMC BRAD BENHAM | 14,833 | 14,706 | HMCF

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• TEXAS MIDWEST SURGERY CENTER

  Related · SURGERY CENTER · TX

  Directly controlled by HMC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HENDRICK HEALTH NETWORK

  C Corporation · HEALTH INSURANCE · TX · controlled entity

  Directly controlled by HMC

• HENDRICK SOUTHWESTERN HEALTH DEV CORP

  C Corporation · RETAIL SALES · TX · controlled entity

  Directly controlled by HMC