Hendrick Provider Network
89% goes to programs $0 to raise $100 Thin reserves
Hendrick Provider Network is a 501(c)(3) organization based in Abilene, Texas, registered in 1998, with $74,642,925 in FY2023 revenue. CharityIndex grades it C, and it directs about 89% of spending to programs.
Po Box 3117, Abilene, TX, 79604 EIN 75-2660403 Since 1998
Revenue (FY2023)
$74.6M
▼ 18.8% vs prior year
Health median: $840K
Expenses (FY2023)
$142.2M
Net assets
$738K
Employees
1,088
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hendrick Provider Network: 89% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -90% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hendrick Provider Network: 0 mo reserves · -90% margin earns a F on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hendrick Provider Network: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hendrick Provider Network: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
Hendrick provider network subleases the building for the abilene branch of texas tech university health sciences center school of nursing and school of pharmacy.
Contact & location
- Address
- Po Box 3117, Abilene, TX, 79604
- City
- Abilene
- State
- Texas
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.7M (FY2013) to $74.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $21.6MNet assets $738K
Operating margin
-90.5%
Spent more than it raised in the latest fiscal year.
Total assets
$22.3M
Total liabilities
$21.6M
Net assets
$738K
Salaries & benefits
$119.6M
84% of expenses
Board members
10
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,642,925▼18.8% | $142,179,037▼11.5% | $738,262▲125% | $22,291,400▲16.5% | 990 |
| 2022 | $91,946,276▲13.8% | $160,590,818▲11.6% | -$2,988,540▼403% | $19,140,268▼7.5% | 990 |
| 2021 | $80,766,553▲22.7% | $143,853,419▲19.3% | $986,957▼61.6% | $20,701,780▲26.1% | 990 |
| 2020 | $65,810,313▲33.0% | $120,535,933▲37.3% | $2,571,235▲213% | $16,422,730▼19.7% | 990 |
| 2019 | $49,463,920▲8.2% | $87,806,406▲10.2% | -$2,283,260▼261% | $20,441,063▲1.6% | 990 |
| 2018 | $45,709,182▲10.9% | $79,693,290▲14.3% | $1,418,921▲59046% | $20,122,139▲1.8% | 990 |
| 2017 | $41,198,195▲13.1% | $69,720,444▲11.0% | $2,399▼99.8% | $19,774,264▲4.7% | 990 |
| 2016 | $36,442,158▲13.6% | $62,809,342▲20.3% | $1,348,823▼42.6% | $18,880,446▲3.5% | 990 |
| 2015 | $32,085,030▲13.6% | $52,201,691▲16.2% | $2,351,548▲161% | $18,243,720▲4.6% | 990 |
| 2014 | $28,232,878▲24.4% | $44,937,887▲28.0% | $901,928▼54.6% | $17,447,468▲0.3% | 990 |
| 2013 | $22,693,956 | $35,095,222▲23.8% | $1,987,768▲0.8% | $17,394,010▲288% | 990 |
| 2012 | — | $28,346,449▲35.8% | $1,972,325▼34.7% | $4,484,394▼2.5% | 990 |
| 2011 | — | $20,880,959▲54.0% | $3,020,909▲602% | $4,598,582▲190% | 990 |
| 2010 | — | $13,563,254▲2.4% | $430,545▼60.8% | $1,588,251▼22.7% | 990 |
| 2009 | — | $13,240,264 | $1,098,512 | $2,054,879 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Brent Mahoney — $2,241,243 (1.58% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brent Mahoney | Director | 40 | $2,241,243 |
| Michael Blanc | Physician | 40 | $2,043,453 |
| Kevin Bridge Md | Physician | 40 | $2,026,581 |
| Bonnie Hayashi | Physician | 40 | $1,969,984 |
| Daniel Canario | Physician | 40 | $1,830,739 |
| Harvinder Arora | Physician | 40 | $1,762,218 |
| Ren Zhang | Director | 40 | $1,615,078 |
| Gary Binkley | Director | 40 | $1,108,120 |
| Sandip Mathur | Director | 40 | $956,048 |
| Steven Smith | Director | 40 | $915,410 |
| Joseph Stafford | Director | 40 | $819,420 |
| Timothy Hill | Director | 40 | $807,307 |
| Paul Watts | Director | 40 | $799,741 |
| John Masterson | Director | 40 | $650,035 |
| Jeffrey Edwards Md | Director | 40 | $540,242 |
| Jacqueline Zimmerman | Director | 40 | $527,645 |
| Robert Dickey | Director | 40 | $458,358 |
| Henry Fosah | Director | 40 | $447,806 |
| Michael Barris | Director | 40 | $315,014 |
| David Stephenson | Vice President | 40 | $300,909 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Weatherby Healthcare | Contract Labor | $387,111 |
| Healthcare Strategy Group LLC | Consultants | $247,174 |
| Alertmd Inc | Software Services | $195,500 |
| Comphealth Inc | Contract Labor | $189,563 |
| Metroplex Gastroenterology | Contract Labor | $172,000 |
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Compare Hendrick Provider Network
Frequently asked questions
- Is Hendrick Provider Network a legitimate nonprofit?
- Yes. Hendrick Provider Network is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2660403, based in Abilene, Texas. Donations are tax-deductible.
- What is Hendrick Provider Network's EIN?
- Hendrick Provider Network's Employer Identification Number (EIN) is 75-2660403.
- How much revenue does Hendrick Provider Network report?
- Hendrick Provider Network reported $74,642,925 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Hendrick Provider Network's spending goes to programs?
- Hendrick Provider Network spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hendrick Provider Network have?
- CharityIndex grades Hendrick Provider Network C, based on program efficiency and fundraising cost.
- How much does Hendrick Provider Network's highest-paid employee make?
- The highest reported compensation on Hendrick Provider Network's latest Form 990 is $2,241,243, paid to Brent Mahoney (Director).
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Data for Hendrick Provider Network (EIN 75-2660403) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.