MOREHOUSE SCHOOL OF MEDICINE (EIN 581438873) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

4047521500

Tax Period

2024-07-01 to 2025-06-30

MOREHOUSE SCHOOL OF MEDICINE is a 501(c)(3) with EIN 581438873, based in ATLANTA, GA. Founded in 1975, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $318,398,057 in total revenue and $286,254,988 in total expenses, with net assets of $361,309,860.

Mission

SEE PART III LINE 1 FOR MISSION AND SCHEDULE O FOR MOST SIGNIFICANT ACTIVITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $279,742,078

Program Service Revenue $31,251,643

Investment Income $3,230,019

Other Revenue $4,174,317

TOTAL REVENUE $318,398,057

Expense Breakdown

Grants Paid $8,036,742

Salaries & Benefits $192,262,440

Fundraising Expenses $7,945,400

Program Expenses $192,527,823

Other Expenses $85,955,806

TOTAL EXPENSES $286,254,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,398,057	$269,293,722	+0.2%
Expenses	$286,254,988	$257,852,939	+0.1%
Net Income	$32,143,069	$11,440,783	+1.8%

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

Employees

1628

Volunteers

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

$2,259,716

Total Directors

$2,259,716

Key Employees

$5,268,183

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Valerie Montgomery Rice MD	President & CEO	37.5	Officer Director	$1,310,000	$949,716	$2,259,716
Aaron Dent	Trustee	0.5	Director	$0	$0	$0
Arthur R Collins	Chairman of the Board	0.5	Director	$0	$0	$0
Bonzo Reddick	Trustee	0.5	Director	$0	$0	$0
Camille Davis-Williams MD	Trustee	0.5	Director	$0	$0	$0
Carey Bayer EDD	Trustee	0.5	Director	$0	$0	$0
Claire Pomeroy MD MBA	Trustee	0.5	Director	$0	$0	$0
Douglas Love ESQ	Trustee	0.5	Director	$0	$0	$0
Glenn Mitchell III	Trustee	0.5	Director	$0	$0	$0
John Whyte MD MPH	Trustee	0.5	Director	$0	$0	$0
Keana Murray	Trustee	0.5	Director	$0	$0	$0
Kimberly Evans Paige	Trustee	0.5	Director	$0	$0	$0
Lawrence V Jackson	Trustee	0.5	Director	$0	$0	$0
Lisa LeCointe-Cephas	Trustee	0.5	Director	$0	$0	$0
Marvin O'Quinn	Trustee	0.5	Director	$0	$0	$0
Neeraj Tolmare	Trustee	0.5	Director	$0	$0	$0
Sandy Gordon	Trustee	0.5	Director	$0	$0	$0
Susan Grant	Vice Chair	0.5	Director	$0	$0	$0
Sylvester McRae MD ACOG	Trustee	0.5	Director	$0	$0	$0
Woodrow W McWilliams III MD	Trustee	0.5	Director	$0	$0	$0
Cynthia D Lubitz	Chief People Officer	37.5	Key Emp	$366,568	$45,816	$412,384
Dorian Harriston	SVP & Chief Marketing Officer	37.5	Key Emp	$366,900	$44,554	$411,454
Dr Richard H Snyder MD	Prof and Chair Internal Medicine	37.5	Key Emp	$442,685	$46,338	$489,023
Ed Childs MD	Professor of Surgery	37.5	Key Emp	$500,000	$13,430	$513,430
Joseph Adrian Tyndall MD	EVP Health Affairs & Dean	37.5	Key Emp	$665,000	$52,501	$717,501
Kandy Ferree	SVP OIA	37.5	Key Emp	$385,050	$55,521	$440,571
Katherine Napier PHD	SVP Finance & CFO	37.5	Key Emp	$385,560	$44,554	$430,114
Michael A Rambert	SVP & General Counsel	37.5	Key Emp	$399,107	$44,732	$443,839
Ricky A Kittles PHD	Prof. and Sr Vice President for Research	37.5	Key Emp	$436,390	$45,297	$481,687
Sandra Harris-Hooker PhD	Prof & SVP Innovation	37.5	Key Emp	$394,215	$37,179	$431,394
Walter L Douglas	EVP Ops & Bus Affairs	37.5	Key Emp	$446,658	$50,128	$496,786
Errol D Crook MD	Chief Medical Officer.Sr Assoc Dean	37.5	Highest	$500,000	$42,294	$542,294
John H Stewart MD	Professor and Chairperson	37.5	Highest	$615,000	$54,127	$669,127
Patrica Ayoung-Chee MD	Associate Professor of Surgery	37.5	Highest	$499,513	$31,257	$530,770
Roland Matthews MD	Professor and Chair OB GYN	37.5	Highest	$547,195	$46,769	$593,964
Valentine Nfonsam MD	Professor and Vice Chair Surgery	37.5	Highest	$543,606	$2,791	$546,397

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	$318,398,057	$286,254,988	$476,068,203	$32,143,069
2024	$269,293,722	$257,852,939	$418,105,590	$11,440,783
2023	$264,329,850	$244,794,417	$380,377,100	$19,535,433
2022	$278,498,387	$220,739,840	$361,935,866	$57,758,547
2021	$238,437,770	$230,576,004	$309,649,491	$7,861,766
2020	$156,540,633	$162,675,900	$232,828,488	$-6,135,267
2019	$150,507,472	$164,834,160	$241,727,982	$-14,326,688
2018	$145,159,981	$150,793,272	$234,788,464	$-5,633,291

MOREHOUSE SCHOOL OF MEDICINE