Permian Basin Medical Center

Nonprofit profile at a glance

EIN
923727451
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Midland, TX, USA
Phone
4322211584
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$2,478,102
Expenses
$2,086,006
Assets
$13,286,346
Liabilities
$11,231,522

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • TRAVIS STICE (PRESIDENT)
  • TIM LEACH (VICE PRESIDENT)

People named in this filing

  • STEVEN STEEN (DIRECTOR)
  • TRACEE BENTLEY (DIRECTOR)
  • GRANT BILLINGSLEY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the quality and accessibility of healthcare services in the permian basin region of west Texas and southeastern New Mexico.

What it reported doing in 2024

Pbmc was organized to, among other things, (a) promote and provide for or assist in the establishment, support and maintenance of programs and facilities within the permian basin region of west Texas for medical, dental and nursing education and other phases of health and medical education for hospitalization and treatment of persons requiring medical treatment and for research in the field of health and science of medicine and dentistry and (b) promote or assist the nonprofit charitable, educational, medical care and research institutions located within the boundaries of a medical center in the permian basin region of west Texas to be developed by pbmc (the medical center), by providing services to such institutions of their facilities located within such boundaries and each such institution's use of such facilities while it is operating within such boundaries, with a view to establishing and maintaining within such boundaries a coordinated and mutually beneficial environment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.4%; rating input score 38
  • Program expense ratio: 45.6%; rating input score 46
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.8%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 6.37; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: -41.4% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 117% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 38.4% of revenue deployed · 45.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $952K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.