MOREHOUSE HEALTHCARE INC

EIN: 581627802 501(c)(3) Health Care

ATLANTA, GA

Total Revenue
$33,727,057
Total Expenses
$35,065,983
Total Assets
$10,587,863
Net Assets
$8,368,451
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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
1982
Legal Domicile
GA
Phone
4047566671
Tax Period
2024-07-01 to 2025-06-30

MOREHOUSE HEALTHCARE INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $33.7M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

MOREHOUSE HEALTHCARE'S MISSION IS TO BECOME A LEADING PROVIDER OF EXCELLENCE IN CLINICAL SERVICES AND PROGRAMS WITH EMPHASIS ON PATIENT CARE AND HEALTH PROMOTIONS.

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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 $1,621,439
Program Service Revenue $32,105,486
Investment Income $132
Other Revenue $0
TOTAL REVENUE $33,727,057

Expense Breakdown

Grants Paid $1,250,371
Salaries & Benefits $19,046,299
Fundraising Expenses $0
Program Expenses $30,701,386
Other Expenses $14,769,313
TOTAL EXPENSES $35,065,983

Year-over-Year Comparison

2024 2023 Change
Revenue $33,727,057 $26,870,034 +0.3%
Expenses $35,065,983 $28,648,077 +0.2%
Net Income $-1,338,926 $-1,778,043 -0.2%
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
6
Independent Members
1
Employees
N/A
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
1
$2,259,716
Total Directors
6
$4,299,231
Key Employees
2
$1,259,795
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Valerie Montgomery Rice MD President & CEO 0.0
Officer Director
$0 $949,716 $2,259,716
Chinedu Ivonye MD Professor 0.5
Director
$0 $46,815 $484,153
Dr Richard H Snyder MD Prof and Chair Internal Medicine 0.5
Director
$0 $46,338 $489,023
Folashade Omole MD Professor 0.5
Director
$0 $46,446 $397,212
John H Stewart MD Professor and Chairperson 0.5
Director
$0 $54,127 $669,127
Sylvester McRae MD ACOG Trustee 0.5
Director
$0 $0 $0
Errol D Crook MD Chief Medical Officer.Sr Assoc Dean 0.0
Key Emp
$0 $42,294 $542,294
Joseph Adrian Tyndall MD EVP Health Affairs & Dean 0.0
Key Emp
$0 $52,501 $717,501
Marjorie Saintil-Alston MHC COO 37.5
Highest
$0 $44,231 $359,458
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 $33,727,057 $35,065,983 $10,587,863 $-1,338,926
2024 $26,870,034 $28,648,077 $10,569,021 $-1,778,043
2023 $24,486,883 $27,898,794 $8,614,491 $-3,411,911
2022 $18,506,489 $20,154,221 $4,717,709 $-1,647,732
2021 $18,560,680 $18,758,484 $8,246,690 $-197,804
2020 $14,478,656 $17,830,220 $3,575,836 $-3,351,564
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