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Nonprofiteer
← HENDRICK PROVIDER NETWORK

Form 990 for tax year 2024

Filed by HENDRICK PROVIDER NETWORK.

Totals

Total revenue
$70,836,202
Total expenses
$141,411,699
Contributions and grants received
$0
Grants paid
$9,300
Program service revenue
$69,319,681
Investment income
$14,811
Other revenue
$1,501,710
Total assets, end of year
$18,425,967
Total liabilities, end of year
$19,697,107
Net assets or fund balances, end of year
-$1,271,140
Program services expenses (Part IX)
$124,053,450
Management and general expenses
$17,358,249
Fundraising expenses
$0
Program service expenses (Part III)
$124,053,450

Program services were 87.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: NET PATIENT FEES

    total $69,316,730 · related or exempt $69,316,730 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: RELATED NMTC RENTAL REVENUE

    total $2,951 · related or exempt $2,951 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $14,811

  • 7c · Gain or loss

    securities $0 · other assets $14,811

  • 7d · Net gain or loss

    total $14,811 · excluded $14,811

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,501,710 · excluded $1,501,710

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,501,710

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,300 · program services $9,300

  • 5 · Compensation of officers, directors and key employees

    total $13,894,677 · program services $12,871,122 · management and general $1,023,555

  • 6 · Compensation of disqualified persons

    total $307,876 · program services $299,363 · management and general $8,513

  • 7 · Other salaries and wages

    total $90,671,703 · program services $84,468,359 · management and general $6,203,344

  • 8 · Pension plan contributions

    total $1,183,764 · program services $1,054,005 · management and general $129,759

  • 9 · Other employee benefits

    total $7,870,749 · program services $6,394,580 · management and general $1,476,169

  • 10 · Payroll taxes

    total $4,661,867 · program services $4,110,473 · management and general $551,394

  • 11a · Fees: management

    total $140,673 · program services $140,673

  • 11b · Fees: legal

    total $731,665 · management and general $731,665

  • 11c · Fees: accounting

    total $20,400 · management and general $20,400

  • 11g · Fees: other

    total $7,356,475 · program services $1,094,639 · management and general $6,261,836 · fundraising $0

  • 12 · Advertising and promotion

    total $141,294 · program services $132,913 · management and general $8,381

  • 13 · Office expenses

    total $711,924 · program services $527,603 · management and general $184,321

  • 14 · Information technology

    total $487,724 · program services $115,121 · management and general $372,603

  • 16 · Occupancy

    total $4,183,082 · program services $4,183,082

  • 17 · Travel

    total $121,145 · program services $103,939 · management and general $17,206

  • 22 · Depreciation, depletion and amortization

    total $583,655 · program services $510,300 · management and general $73,355

  • 23 · Insurance

    total $1,079,920 · program services $1,079,920

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $4,442,446 · program services $4,217,268 · management and general $225,178

  • 24b · Other expenses: EQUIPMENT RENTAL, MAINTENANCE, AND REPAIR

    total $910,218 · program services $903,413 · management and general $6,805

  • 24c · Other expenses: BAD DEBT

    total $648,643 · program services $648,643

  • 24d · Other expenses: MINOR EQUIPMENT

    total $507,950 · program services $469,213 · management and general $38,737

  • 24e · All other expenses

    total $744,549 · program services $719,521 · management and general $25,028 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,474,973 · end of year $1,231,095

  • 2 · Savings and temporary cash investments

    beginning of year $593,701 · end of year $110,849

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,166,849 · end of year $10,397,985

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $226,135 · end of year $232,180

  • 9 · Prepaid expenses and deferred charges

    beginning of year $993,643 · end of year $907,530

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

    $13,740,629

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

    $11,559,703

  • 10c · Land, buildings and equipment, net

    beginning of year $2,355,983 · end of year $2,180,926

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $125,220 · end of year $125,220

  • 15 · Other assets

    beginning of year $6,354,896 · end of year $3,240,182

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,459,046 · end of year $16,536,902

  • 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 $6,094,092 · end of year $3,160,205

  • 27 · Net assets without donor restrictions

    beginning of year $738,262 · end of year -$1,271,140

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 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

Mission and programs · 2024

Mission

TO PROVIDE MEDICAL CARE TO THE COMMUNITIES OF ABILENE AND BROWNWOOD. MANY PATIENTS ARE ON MEDICAID. SERVICES ARE PROVIDED REGARDLESS OF ABILITY TO PAY.

  • HENDRICK PROVIDER NETWORK PROVIDES A VARIETY OF HEALTH SERVICES ACROSS A WIDE RANGE OF SPECIALTIES FOR PATIENTS IN THE ABILENE AND BROWNWOOD AREAS, MANY OF WHOM ARE UNINSURED OR ARE ON MEDICAID. THESE SERVICES ARE PROVIDED BY PHYSICIANS EMPLOYED BY THE COMPANY.

    Expenses $124,053,450 · Grants $9,300 · Revenue $69,319,681

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey Edwards MD

    VICE CHAIRMAN

    Total calculated
    $586,833
    From this org
    $528,444
    From related orgs
    $0
    Other
    $58,389
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $291,124
    Bonus
    $237,320
    Other
    $0
    Deferred
    $23,324
    Nontaxable benefits
    $35,065
    Filer's total
    $586,833

  • Robert Dickey

    CHAIRMAN

    Total calculated
    $438,636
    From this org
    $384,742
    From related orgs
    $0
    Other
    $53,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $379,742
    Bonus
    $5,000
    Other
    $0
    Deferred
    $31,092
    Nontaxable benefits
    $22,802
    Filer's total
    $438,636

  • Brent Mahoney

    DIRECTOR

    Total calculated
    $2,179,990
    From this org
    $2,071,514
    From related orgs
    $0
    Other
    $108,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $737,072
    Bonus
    $1,334,442
    Other
    $0
    Deferred
    $66,150
    Nontaxable benefits
    $42,326
    Filer's total
    $2,179,990

  • Delena Martinez

    DIRECTOR

    Total calculated
    $298,555
    From this org
    $271,368
    From related orgs
    $0
    Other
    $27,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,595
    Bonus
    $190,773
    Other
    $0
    Deferred
    $2,647
    Nontaxable benefits
    $24,540
    Filer's total
    $298,555

  • Gary Binkley

    Director

    Total calculated
    $1,115,095
    From this org
    $1,078,241
    From related orgs
    $0
    Other
    $36,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $757,358
    Bonus
    $320,883
    Other
    $0
    Deferred
    $22,830
    Nontaxable benefits
    $14,024
    Filer's total
    $1,115,095

  • Henry Fosah

    DIRECTOR

    Total calculated
    $537,998
    From this org
    $498,872
    From related orgs
    $0
    Other
    $39,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,851
    Bonus
    $176,021
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,126
    Filer's total
    $537,998

  • John Masterson

    DIRECTOR

    Total calculated
    $707,689
    From this org
    $655,706
    From related orgs
    $0
    Other
    $51,983
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $513,883
    Bonus
    $141,823
    Other
    $0
    Deferred
    $20,699
    Nontaxable benefits
    $31,284
    Filer's total
    $707,689

  • Joseph Stafford

    DIRECTOR

    Total calculated
    $882,237
    From this org
    $811,825
    From related orgs
    $0
    Other
    $70,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $541,283
    Bonus
    $270,542
    Other
    $0
    Deferred
    $27,525
    Nontaxable benefits
    $42,887
    Filer's total
    $882,237

  • Katherine Rinard MD

    DIRECTOR

    Total calculated
    $755,604
    From this org
    $652,785
    From related orgs
    $0
    Other
    $102,819
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $573,345
    Bonus
    $79,440
    Other
    $0
    Deferred
    $59,481
    Nontaxable benefits
    $43,338
    Filer's total
    $755,604

  • Michael Barris

    DIRECTOR

    Total calculated
    $420,610
    From this org
    $352,926
    From related orgs
    $0
    Other
    $67,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,926
    Bonus
    $0
    Other
    $0
    Deferred
    $36,700
    Nontaxable benefits
    $30,984
    Filer's total
    $420,610

  • Paul Watts

    DIRECTOR

    Total calculated
    $925,819
    From this org
    $819,415
    From related orgs
    $0
    Other
    $106,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $671,672
    Bonus
    $147,743
    Other
    $0
    Deferred
    $60,928
    Nontaxable benefits
    $45,476
    Filer's total
    $925,819

  • Ren Zhang

    Director

    Total calculated
    $1,770,133
    From this org
    $1,679,165
    From related orgs
    $0
    Other
    $90,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $937,634
    Bonus
    $741,531
    Other
    $0
    Deferred
    $86,336
    Nontaxable benefits
    $4,632
    Filer's total
    $1,770,133

  • Sandip Mathur

    DIRECTOR

    Total calculated
    $1,140,811
    From this org
    $1,075,742
    From related orgs
    $0
    Other
    $65,069
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $851,153
    Bonus
    $224,589
    Other
    $0
    Deferred
    $39,049
    Nontaxable benefits
    $26,020
    Filer's total
    $1,140,811

  • Steven Smith

    DIRECTOR

    Total calculated
    $1,196,120
    From this org
    $1,124,005
    From related orgs
    $0
    Other
    $72,115
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,124,005
    Bonus
    $0
    Other
    $0
    Deferred
    $30,441
    Nontaxable benefits
    $41,674
    Filer's total
    $1,196,120

  • Timothy Hill

    DIRECTOR

    Total calculated
    $938,544
    From this org
    $908,903
    From related orgs
    $0
    Other
    $29,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $493,825
    Bonus
    $415,078
    Other
    $0
    Deferred
    $25,506
    Nontaxable benefits
    $4,135
    Filer's total
    $938,544

  • Brad Holland

    PRESIDENT/CEO

    Total calculated
    $1,812,647
    From this org
    $0
    From related orgs
    $1,583,697
    Other
    $228,950
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $947,737 related
    Bonus
    $0 + $422,464 related
    Other
    $0 + $213,496 related
    Deferred
    $0 + $186,603 related
    Nontaxable benefits
    $0 + $42,347 related
    Filer's total
    $0 + $1,812,647 related

  • Jeremy Walker

    VICE PRESIDENT/CFO

    Total calculated
    $806,962
    From this org
    $0
    From related orgs
    $730,357
    Other
    $76,605
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,046 related
    Bonus
    $0 + $195,673 related
    Other
    $0 + $56,638 related
    Deferred
    $0 + $48,016 related
    Nontaxable benefits
    $0 + $28,589 related
    Filer's total
    $0 + $806,962 related

  • Kirk Canada

    VICE PRESIDENT

    Total calculated
    $516,045
    From this org
    $0
    From related orgs
    $443,353
    Other
    $72,692
    Hours/week
    2 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,795 related
    Bonus
    $0 + $121,195 related
    Other
    $0 + $28,363 related
    Deferred
    $0 + $29,738 related
    Nontaxable benefits
    $0 + $42,954 related
    Filer's total
    $0 + $516,045 related

  • Rob Wiley

    Vice President

    Total calculated
    $808,314
    From this org
    $0
    From related orgs
    $729,221
    Other
    $79,093
    Hours/week
    2 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,195 related
    Bonus
    $0 + $183,034 related
    Other
    $0 + $57,992 related
    Deferred
    $0 + $48,491 related
    Nontaxable benefits
    $0 + $30,602 related
    Filer's total
    $0 + $808,314 related

  • Antao Du

    Physician

    Total calculated
    $1,940,771
    From this org
    $1,868,497
    From related orgs
    $0
    Other
    $72,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $715,508
    Bonus
    $1,152,989
    Other
    $0
    Deferred
    $28,936
    Nontaxable benefits
    $43,338
    Filer's total
    $1,940,771

  • Bonnie Hayashi

    Physician

    Total calculated
    $1,910,705
    From this org
    $1,844,659
    From related orgs
    $0
    Other
    $66,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,814
    Bonus
    $1,536,845
    Other
    $0
    Deferred
    $22,708
    Nontaxable benefits
    $43,338
    Filer's total
    $1,910,705

  • Kevin Bridge MD

    Physician

    Total calculated
    $1,761,503
    From this org
    $1,691,283
    From related orgs
    $0
    Other
    $70,220
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $1,520,585
    Bonus
    $170,698
    Other
    $0
    Deferred
    $30,202
    Nontaxable benefits
    $40,018
    Filer's total
    $1,761,503

  • Michael Blanc

    Physician

    Total calculated
    $2,279,144
    From this org
    $2,194,104
    From related orgs
    $0
    Other
    $85,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,173,908
    Bonus
    $1,020,196
    Other
    $0
    Deferred
    $45,258
    Nontaxable benefits
    $39,782
    Filer's total
    $2,279,144

  • Udaya Swarna

    Physician

    Total calculated
    $1,889,340
    From this org
    $1,819,120
    From related orgs
    $0
    Other
    $70,220
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $942,163
    Bonus
    $876,957
    Other
    $0
    Deferred
    $30,202
    Nontaxable benefits
    $40,018
    Filer's total
    $1,889,340

  • David Stephenson

    VICE PRESIDENT

    Total calculated
    $310,370
    From this org
    $278,866
    From related orgs
    $0
    Other
    $31,504
    Hours/week
    40 + 14 related

    Schedule J breakdown matched by us

    Base
    $278,866
    Bonus
    $0
    Other
    $0
    Deferred
    $5,968
    Nontaxable benefits
    $25,536
    Filer's total
    $310,370

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
PARTICIPANTS IN 457(F) | REPORTED IN W-2 | DEF COMP | PAID BY -------------------------------------------------------------------------------------- JEREMY WALKER | $56,638 | $48,016 | HMC BRAD HOLLAND | $213,496 | $186,603 | HMC DAVID STEPHENSON | 0 | $5,968 | HPN KIRK CANADA | $28,363 | $29,738 | HMC ROB WILEY | $57,992 | $48,491 | HMC

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HPN RO BILLING SERVICES LLC

    RADIOLOGY SVC · TX · income $12,522 · assets $0

    Directly controlled by HENDRICK PROVIDER NETWORK

  • HPN PHYSICIAN BILLING LLC

    BILLING SRVCS · TX · income -$9,337,393 · assets $0

    Directly controlled by HENDRICK PROVIDER NETWORK

  • HENDRICK CLINIC BILLING PLLC

    BILLING SRVCS · TX · income -$5,570,124 · assets $0

    Directly controlled by HENDRICK PROVIDER NETWORK

Related corporations and trusts

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

  • HENDRICK HEALTH NETWORK

    C Corporation · HEALTH INSURANCE · TX · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by HENDRICK MEDICAL CENTER

  • HENDRICK SOUTHWESTERN HEALTH DEV CORP

    C Corporation · RETAIL SALES · TX · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by HENDRICK MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2026
IRS schema version
2024v5.1
Source object
202611959349302501

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