Memorial Hermann Medical Group (EIN 204923281) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

James J McCarthy MD

Phone

7133384552

Tax Period

2023-07-01 to 2024-06-30

Memorial Hermann Medical Group, founded in 2006, is a major nonprofit in the Health Care sector that reported $305.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $442.6M exceeded revenue, resulting in a 45% operating deficit.

Mission

MHMG provides primary care for thousands of Houston-area families. Committed to practicing evidence-based medicine and delivering patient care.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,377,485

Program Service Revenue $276,522,329

Investment Income $95,839

Other Revenue $445,313

TOTAL REVENUE $305,440,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,333,249

Fundraising Expenses $0

Program Expenses $434,765,863

Other Expenses $79,285,055

TOTAL EXPENSES $442,618,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$305,440,966	$264,961,430	+0.2%
Expenses	$442,618,304	$388,111,504	+0.1%
Net Income	$-137,177,338	$-123,150,074	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

2294

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,680,027

Total Directors

$1,968,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nadim S Jafri	Physician - Specialty	40.0	Highest	$2,492,487	$45,992	$2,538,479
James McCarthy MD	President	1.0	Officer	$0	$274,086	$2,011,423
Deborah Gordon	Secretary	1.0	Officer	$0	$272,018	$2,010,390
Alec King	Treasurer	1.0	Officer	$0	$265,924	$1,944,200
Jigar Patel	Physician	40.0	Highest	$1,695,953	$33,954	$1,729,907
Daniel Hermann	Physician - Specialty	40.0	Highest	$1,532,835	$23,416	$1,556,251
Felix Spiegel	Physician - Specialty	40.0	Highest	$1,519,389	$28,282	$1,547,671
Prasun Shah	Physician	40.0	Highest	$1,477,574	$31,712	$1,509,286
Warren Shea	Assistant Secretary	1.0	Officer	$0	$124,134	$714,014
Philip Blum MD	Director	40.0	Director	$633,950	$37,147	$671,097
Doan Thuy Do MD	Director	40.0	Director	$409,732	$52,195	$461,927
Laura L Whiteley MD	Director	40.0	Director	$353,074	$34,571	$387,645
Susan D Hutchins MD	Director	40.0	Director	$184,751	$44,774	$229,525
Monica Kalra DO	Director	40.0	Director	$195,348	$23,291	$218,639
Laura Armstrong MD	Former Director	40.0		$69,111	$10,520	$79,631
Payal Gaba MD	Director	40.0	Director	$0	$0	$0
Kanakalingeswara Banda MD	Director	40.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$305,440,966	$442,618,304	$124,377,776	$-137,177,338
2023	$264,961,430	$388,111,504	$126,368,047	$-123,150,074
2022	$270,760,302	$365,994,255	$124,318,962	$-95,233,953
2021	$263,043,780	$353,513,010	$134,557,707	$-90,469,230
2020	$216,077,712	$324,919,903	$121,646,288	$-108,842,191
2019	$162,839,795	$253,748,168	$66,347,136	$-90,908,373

Memorial Hermann Medical Group