TEXAS MEDICAL CENTER FOUNDATION

EIN: 472836992 501(c)(3) Health Care

HOUSTON, TX

Total Revenue
$3,439,508
Total Expenses
$2,980,612
Total Assets
$3,920,700
Net Assets
$-25,229,281
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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
2014
Legal Domicile
TX
Principal Officer
WILLIAM MCKEON
Phone
7137916104
Tax Period
2024-01-01 to 2024-12-31

TEXAS MEDICAL CENTER FOUNDATION, founded in 2014, is a community nonprofit in the Health Care sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 13% surplus.

Mission

PROVIDE SUPPORT TO THE TEXAS MEDICAL CENTER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,300,925
Program Service Revenue $2,247,579
Investment Income $0
Other Revenue $-108,996
TOTAL REVENUE $3,439,508

Expense Breakdown

Grants Paid $292,432
Salaries & Benefits $1,993,145
Fundraising Expenses $0
Program Expenses $2,934,725
Other Expenses $695,035
TOTAL EXPENSES $2,980,612

Year-over-Year Comparison

2024 2023 Change
Revenue $3,439,508 $3,181,575 +0.1%
Expenses $2,980,612 $3,005,649 0.0%
Net Income $458,896 $175,926 +1.6%
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

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Governance

Voting Members
5
Independent Members
4
Employees
8
Volunteers
4

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
1
$3,184,810
Total Directors
6
$3,184,810
Key Employees
1
$812,015
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM MCKEON PRESIDENT 1.0
Officer Director
$0 $67,583 $3,184,810
THOMAS LUBY DIRECTOR, INNOVATION INST. 1.0
Key Emp
$0 $67,583 $812,015
TINASHE CHANDAUKA ENTREPRENEUR IN RESIDENCE 40.0
Highest
$198,840 $30,400 $229,240
DEEPAVALI CHAKRAVARTI ENTREPRENEUR IN RESIDENCE 40.0
Highest
$180,903 $37,135 $218,038
ELLIANA TUTTLE INNOVATION MANAGER 40.0
Highest
$143,061 $46,913 $189,974
SUPRIYA SINHA ENTREPRENEUR IN RESIDENCE 40.0
Highest
$137,204 $31,711 $168,915
SANIYA MANSURI HEALTHCARE CONSULTANT 40.0
Highest
$124,763 $11,028 $135,791
CHARLES W HALL SECRETARY 1.0
Director
$0 $0 $0
J DOWNEY BRIDGWATER TREASURER 1.0
Director
$0 $0 $0
GREG MOORE CHAIRMAN 1.0
Director
$0 $0 $0
ALEXANDRA PRUNER VICE-CHAIRMAN 1.0
Director
$0 $0 $0
DR BERNARD A HARRIS JR MD DIRECTOR 1.0
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
2024 $3,439,508 $2,980,612 $3,920,700 $458,896
2023 $3,181,575 $3,005,649 $5,474,242 $175,926
2022 $2,562,983 $2,091,483 $4,199,587 $471,500
2021 $1,852,240 $1,755,740 $3,263,793 $96,500
2020 $6,372,447 $6,372,447 $3,065,085 No data
2019 $8,894,537 $14,107,326 $1,744,431 $-5,212,789
2018 $1,736,611 $11,456,134 $1,592,946 $-9,719,523
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