MEHARRY MEDICAL COLLEGE (EIN 620488046) - 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

1915

Legal Domicile

Principal Officer

Dr James E K Hildreth

Phone

6153276241

Tax Period

2022-07-01 to 2023-06-30

MEHARRY MEDICAL COLLEGE, founded in 1915, is a major nonprofit in the Education sector that reported $209.4M in total revenue in fiscal year 2022. Expenses of $200.7M left a modest 4% surplus.

Mission

To improve the health and healthcare of minority and underserved communities by offering excellent education and training programs in the health sciences; delivering high quality health services; and advancing health equity through innovative research that fosters the elimination of health disparities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $112,375,462

Program Service Revenue $71,172,691

Investment Income $6,386,819

Other Revenue $19,505,183

TOTAL REVENUE $209,440,155

Expense Breakdown

Grants Paid $2,064,532

Salaries & Benefits $104,063,351

Fundraising Expenses $3,391,072

Program Expenses $138,029,759

Other Expenses $94,287,967

TOTAL EXPENSES $200,660,969

Year-over-Year Comparison

	2022	2021	Change
Revenue	$209,440,155	$200,654,112	+0.0%
Expenses	$200,660,969	$194,548,027	+0.0%
Net Income	$8,779,186	$6,106,085	+0.4%

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

1292

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

$5,712,403

Total Directors

$484,865

Key Employees

$534,086

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James E K Hildreth	President/CEO	40	Officer	$991,440	$37,605	$1,029,045
LaMel Bandy-Neal	Senior VP Finance / CFO	40	Officer	$862,828	$48,048	$910,876
Jeannette South-Paul	Exec VP and Provost/ Former Trustee	40	Officer	$550,000	$0	$550,000
Peter E Millet	Executive Vice President	40	Officer	$449,038	$53,534	$502,572
Duane Smoot	Professor Internal Medicine	40	Highest	$466,923	$28,600	$495,523
Charae Farmer	Dean School of Dentistry	40	Officer	$440,000	$54,345	$494,345
Ivanetta D Samuels	Senior VP/ General Counsel	40	Officer	$440,000	$52,838	$492,838
Digna S Forbes	Interim Dean School of Medicine	40	Officer	$474,423	$17,664	$492,087
Carlton Adams	Chair Surgery/Trustee	40	Director	$450,000	$34,865	$484,865
Fortune Mhlanga	Dean School of Applied Computational Sciences	40	Officer	$401,731	$35,460	$437,191
Muyiwa Adedokun	Asst Professor Surgery	40	Highest	$400,000	$15,250	$415,250
Richard Fremont	Chair Internal Medicine	40	Highest	$386,667	$26,977	$413,644
Lloyda Williamson	Chair Psychiatry	40	Highest	$374,423	$32,185	$406,608
Asiyanbola Bolanle	Asst Professor Surgery	40	Highest	$345,000	$5,958	$350,958
Michelle Nichols	Senior VP Clinical Affairs and GME	40	Key Emp	$282,692	$13,087	$295,779
Saletta Holloway	Asst Corp Sec /SVP Board Relations	40	Officer	$240,000	$53,182	$293,182
Marquetta Faulkner	Former Dean School of Medicine	40	Officer	$242,480	$26,992	$269,472
Merry Lindsey	Dean School of Graduate Studies	40	Officer	$224,815	$15,980	$240,795
Walter Woods	Senior VP Advancement	40	Key Emp	$235,514	$2,793	$238,307
Dr Nelson L Adams III	Chairman	0	Director	$0	$0	$0
Milton H Jones Jr	Vice Chairman	0	Director	$0	$0	$0
Rev Greg Bergquist	Trustee	0	Director	$0	$0	$0
Dr Brandon Barton Jr	Trustee	0	Director	$0	$0	$0
Destini Black	Trustee	0	Director	$0	$0	$0
Kevin Bryant	Trustee	0	Director	$0	$0	$0
Dr Coyness L Ennix Jr	Trustee	0	Director	$0	$0	$0
Dr Eric A Floyd	Trustee	0	Director	$0	$0	$0
Dr Bianca Frederick	Trustee	0	Director	$0	$0	$0
Dr Dawn B Griffin	Trustee	0	Director	$0	$0	$0
Dr Lewis Hargett	Trustee	0	Director	$0	$0	$0
Aubrey Harwell Jr	Trustee	0	Director	$0	$0	$0
Dr Martin D Jeffries	Trustee	0	Director	$0	$0	$0
Dr Collis Johnson	Trustee	0	Director	$0	$0	$0
Dr Audrey J Murrell	Trustee	0	Director	$0	$0	$0
Aparicio Peggins	Trustee	0	Director	$0	$0	$0
Edgar G Rios	Trustee	0	Director	$0	$0	$0
Dr Thomas A Scott	Trustee	0	Director	$0	$0	$0
Dr Edith Smith-Rayford	Trustee	0	Director	$0	$0	$0
Carol H Williams-Hood	Trustee	0	Director	$0	$0	$0
James E Williams	Trustee	0	Director	$0	$0	$0
Dr Kenneth Williams	Trustee	0	Director	$0	$0	$0
Lorenzo Williams	Trustee	0	Director	$0	$0	$0
Dr Robert L Williams Jr	Trustee	0	Director	$0	$0	$0
Dr Kevin Woods	Trustee	0	Director	$0	$0	$0
Cynthia Day	Trustee	0	Director	$0	$0	$0
Aalieyah Billings	Trustee	0	Director	$0	$0	$0
M Inez Crutchfield	Trustee Emeritus	0	Director	$0	$0	$0
Dr Frank S Royal Sr	Trustee Emeritus	0	Director	$0	$0	$0
Daniel Dawes	SVP/ Exec Director School of Global Health	40	Officer	$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	No data	No data	No data	No data
2023	$209,440,155	$200,660,969	$451,952,769	$8,779,186
2022	$200,654,112	$194,548,027	$412,525,133	$6,106,085
2021	$260,837,008	$160,495,881	$393,027,598	$100,341,127
2020	$138,574,878	$139,693,124	$348,476,315	$-1,118,246
2019	$140,441,734	$132,801,576	$364,085,767	$7,640,158
2018	$149,605,310	$147,925,620	$356,543,283	$1,679,690

MEHARRY MEDICAL COLLEGE