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Texoma Medical Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 752128961 ✦ Denison, TX ✦ Designated as a 501(c)(3)

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Overview

What is Texoma Medical Center Inc?

Texoma Medical Center Inc, located at 5036 Reba Drive, Denison, Texas 75020, is a nonprofit organization that has undergone administrative continuance since its hospital sale to UHS on January 1, 2007. Following the sale, its activities have mainly focused on handling insurance claims and third-party cost report settlements. Maintaining the highest integrity and commitment to serving the community remains the organization's mission. With a small workforce of two employees, Texoma Medical Center Inc continues to contribute to its local area.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, Two-Star out of Four Star Rating

Texoma Medical Center Inc has received a 67% rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and finance. The organization boasts strengths such as having a fully independent board and demonstrating no material diversion of assets. Additionally, it has a solid program expense ratio, suggesting that all its expenditures are directed towards its programs.

However, there are several significant limitations highlighted in the data. The organization lacks essential financial transparency, as indicated by the absence of financial statements and various required policies, including conflict of interest and whistleblower policies. Moreover, critical documents such as its tax form are not available on its website, which contributes to the low overall score.

In summary, while Texoma Medical Center Inc demonstrates a strong commitment to its programs, its poor performance in financial transparency and governance practices raises concerns that potential donors may want to consider before contributing. The organization could benefit from addressing these gaps to strengthen its credibility and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Texoma Medical Center Inc legitimate?

Texoma Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texoma Medical Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Texoma Medical Center Inc?

Texoma Medical Center Inc's mission continues to prioritize integrity and service towards its community. Following the sale of the hospital to UHS in 2007, the center's primary activities have evolved to include administrative duties related to insurance claims and third-party cost report settlements. Despite this shift in operations, the organization remains committed to upholding its mission of serving the community with integrity.

Who is the CEO of Texoma Medical Center Inc?

W Mackey Watkins Md is the President & Chairman of Texoma Medical Center Inc.

What is the revenue of Texoma Medical Center Inc?

Texoma Medical Center Inc's revenue in 2022 was $774,825.

Who are the executives of Texoma Medical Center Inc and what are their salaries?

There are 2 employees and 3 volunteers at Texoma Medical Center Inc.


Here are 3 key members and their salaries:


W Mackey Watkins (President & Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Crawley (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Horace Goff (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Texoma Medical Center Inc?

Texoma Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Texoma Medical Center Inc

Texoma Medical Center Inc, since its sale to UHS on January 1, 2007, continues its mission with the utmost integrity and dedication to serving the community. This mission involves managing administrative duties related to insurance claims and third-party cost report settlements. The center's role in this regard is significant, ensuring smooth procedures and resolutions in these areas. Beyond these specific tasks, Texoma Medical Center Inc maintains a broader commitment to its community, upholding its mission with diligence and responsibility.

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Impact




July, 2024

Texoma Medical Center Inc's impact lies in its commitment to maintaining the highest standards of integrity and service to the community. Since the sale of the hospital to UHS in 2007, the organization has been diligently managing administrative duties related to insurance claims and third-party cost report settlements. By ensuring the smooth resolution of these outstanding issues, Texoma Medical Center Inc plays a crucial role in supporting the healthcare infrastructure in Denison, TX, and beyond. Through its focused activities, the organization contributes to the efficiency and effectiveness of healthcare services, ultimately benefitting the well-being of the community.




This information is meant to be a general summary of Texoma Medical Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$774,825 (2022)
Expenses
$1,113,760 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $774,825
  • Gross Receipts: $3,596,849

Assets and Liabilities:

  • Total Assets: $8,004,053
  • Total Liabilities: $1,477,436
  • Net Assets: $6,526,617

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Organization Details

Founding Year

1965

Principal Officer

W Mackey Watkins Md

Main Address

5036 REBA DRIVE, DENISON, TX, 75020

NTEE Category

Code: E220 - Health

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