MEHARRY MEDICAL COLLEGE

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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

6153276421

Tax Period

2024-07-01 to 2025-06-30

MEHARRY MEDICAL COLLEGE, founded in 1915, is a major nonprofit in the Education sector that reported $234.1M in total revenue in fiscal year 2024. Expenses of $227.0M left a modest 3% 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.

Program Service Accomplishments

Program 1

Expenses: $104,959,171 Revenue: $63,526,996

PROFESSIONAL EDUCATION: EDUCATION OF STUDNETS IN THE FIELDS OF MEDICINE, DENTISTRY, PUBLIC HEALTH, MEDICAL SCIENCE AND ALLIED HEALTH PROFESSION, AND DATA SCIENCES. DEGREES CONFERRED INCLUDE: MD, DDS...

Program 2

Expenses: $38,586,098 Revenue: $20,653,018

HEALTH CARE DELIVERY AND MANAGEMENT, GENERAL/OTHER: GENERAL HEALTHCARE DELIVERY, PRIMARY AND SPECIALTY CARE, DENTAL AND MENTAL HEALTHCARE.

Program 3

Expenses: $31,068,247

MEDICAL RESERACH, GENERAL/OTHER: THE ORGANIZATION DOES RESEARCH IN A NUMBER OF MAJOR AREAS (CANCER, CARDIOVASCULAR, NEUROSCIENCE, SEAT BELT SAFETY, ALONG WITH RESEARCH TRAINING, AND HIV DISEASE...

MEDICAL RESERACH, GENERAL/OTHER: THE ORGANIZATION DOES RESEARCH IN A NUMBER OF MAJOR AREAS (CANCER, CARDIOVASCULAR, NEUROSCIENCE, SEAT BELT SAFETY, ALONG WITH RESEARCH TRAINING, AND HIV DISEASE, INFECTIOUS DISEASE, WOMEN'S HEALTH, COMMUNITY ENGAGEMENT) WITH A PRIMARY FOCUS ON HEALTH DISPARITIES RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $137,998,663

Program Service Revenue $84,180,014

Investment Income $8,352,651

Other Revenue $3,609,229

TOTAL REVENUE $234,140,557

Expense Breakdown

Grants Paid $8,041,238

Salaries & Benefits $116,841,989

Fundraising Expenses $0

Program Expenses $207,675,447

Other Expenses $102,116,528

TOTAL EXPENSES $226,999,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,140,557	$239,291,509	0.0%
Expenses	$226,999,755	$219,707,320	+0.0%
Net Income	$7,140,802	$19,584,189	-0.6%

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

Governance

Voting Members

Independent Members

Employees

1360

Volunteers

1300

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

$1,470,874

Total Directors

$2,192,222

Key Employees

$5,318,414

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E K HILDRETH	PRESIDENT/CEO	40.00	Officer Director	$950,874	$0	$950,874
RICHARD FREMONT	ASSOCIATE PROFESSOR	40.00	Director	$320,000	$0	$320,000
XYLINA BEAN	CHAIR	40.00	Director	$310,870	$0	$310,870
PAUL JUAREZ	ASSISTANT PROFESSOR (TERMINATED)	40.00	Director	$310,478	$0	$310,478
DIGNA S FORBES	PROFESSOR	40.00	Director	$300,000	$0	$300,000
DR NELSON L ADAMS III	CHAIRMAN	0.00	Director	$0	$0	$0
MR MILTON H JONES JR	VICE CHAIRMAN	0.00	Director	$0	$0	$0
DR LAVEIL M ALLEN	TRUSTEE	0.00	Director	$0	$0	$0
DR BRANDON BARTON JR	TRUSTEE	0.00	Director	$0	$0	$0
MR CHRISTIAN BOONE	TRUSTEE	0.00	Director	$0	$0	$0
MR KEVIN BRYANT	TRUSTEE	0.00	Director	$0	$0	$0
MS CYNTHIA DAY	TRUSTEE	0.00	Director	$0	$0	$0
REV ROLAND FERNANDES	TRUSTEE	0.00	Director	$0	$0	$0
DR ERIC A FLOYD	TRUSTEE	0.00	Director	$0	$0	$0
DR BIANCA M FREDERICK	TRUSTEE	0.00	Director	$0	$0	$0
DR DAWN B GRIFFIN	TRUSTEE	0.00	Director	$0	$0	$0
DR LEWIS HARGETT	TRUSTEE	0.00	Director	$0	$0	$0
DR ETHEL HARRIS	TRUSTEE	0.00	Director	$0	$0	$0
MR AUBREY HARWELL JR	TRUSTEE	0.00	Director	$0	$0	$0
DR MARTIN D JEFFRIES	TRUSTEE	0.00	Director	$0	$0	$0
DR SMITA MISRA	TRUSTEE	0.00	Director	$0	$0	$0
DR AUDREY J MURRELL	TRUSTEE	0.00	Director	$0	$0	$0
MR EDGAR G RIOS	TRUSTEE	0.00	Director	$0	$0	$0
DR THOMAS A SCOTT	TRUSTEE	0.00	Director	$0	$0	$0
DR EDITH F SMITH-RAYFORD	TRUSTEE	0.00	Director	$0	$0	$0
DR FELIX VINCENT	TRUSTEE	0.00	Director	$0	$0	$0
MR JAMES E WILLIAMS	TRUSTEE	0.00	Director	$0	$0	$0
DR KENNETH WILLIAMS	TRUSTEE	0.00	Director	$0	$0	$0
DR ROBERT L WILLIAMS JR	TRUSTEE	0.00	Director	$0	$0	$0
MS CAROL H WILLIAMS-HOOD	TRUSTEE	0.00	Director	$0	$0	$0
DR KEVIN WOODS	TRUSTEE	0.00	Director	$0	$0	$0
IVANETTA D SAMUELS	SENIOR VP/ GENERAL COUNSEL	40.00	Officer	$520,000	$0	$520,000
JEANNETTE SPUTH-PAUL	EXEC VP AND PROVOST/FORMER TRUSTEE	40.00	Key Emp	$552,147	$0	$552,147
SONJA HARRIS-HAYWOOD	DEAN SCHOOL OF MEDICINE	40.00	Key Emp	$595,000	$0	$595,000
CHERAE FARMER	DEAN SCHOOL OF DENTISTRY	40.00	Key Emp	$490,000	$0	$490,000
JUAN MCGRUDER	SR VICE PRESIDENT INSTITUTIONAL ADVANCEMENT	40.00	Key Emp	$479,166	$0	$479,166
PETER E MILLET	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$467,500	$0	$467,500
DANIEL DAWES	SVP/EXEC DIRECTOR SCHOOL OF GLOBAL HEALTH	40.00	Key Emp	$450,000	$0	$450,000
CHIKE NZERUE	CHAIR	40.00	Key Emp	$430,001	$0	$430,001
MERRY LINDSEY	DEAN SCHOOL OF GRADUATE STUDIES	40.00	Key Emp	$422,100	$0	$422,100
FORTUNE MHLANGA	DEAN SCHOOL OF APPLIED COMPUTATIONAL SCIENCES	40.00	Key Emp	$417,500	$0	$417,500
ANIL SHANKER	SR VICE PRESIDENT RESEARCH AND INNOVATION	40.00	Key Emp	$400,000	$0	$400,000
SANFORD BARSKY	CHAIR	40.00	Key Emp	$375,000	$0	$375,000
SALETTA HOLLOWAY	ASST CORP SEC/SVP BOARD RELATIONS (RETIRED)	40.00	Key Emp	$240,000	$0	$240,000
ADRIAN SAMUELS	SVP, STUDENT SVCS/FAC AFFAIRS	40.00	Highest	$401,554	$0	$401,554
BOLANLE ASIYANBOLA	ASSISTANT PROFESSOR	40.00	Highest	$345,000	$0	$345,000
MONIQUE DUNCAN	ASSOCIATE PROFESSOR	40.00	Highest	$327,019	$0	$327,019
OLAYINKA ONADEKO	PROFESSOR	40.00	Highest	$305,673	$0	$305,673
VINCENT COPELAND	ASSISTANT PROFESSOR	40.00	Highest	$300,407	$0	$300,407
ALYSSA SAELENS	ASSISTANT PROFESSOR	40.00	Highest	$300,000	$0	$300,000
WADE BROWN	ASSISTANT PROFESSOR	40.00	Highest	$300,000	$0	$300,000
KIMBERLEY PERKINS-DAVIS	ASSOCIATE PROFESSOR	40.00	Highest	$299,000	$0	$299,000
CHARLES COOPER	VP OIT	40.00	Highest	$293,654	$0	$293,654
PATRICIA MATTHEWS-JUAREZ	ASSISTANT PROFESSOR (TERMINATED)	40.00		$334,590	$0	$334,590
LAMEL BANDY-NEAL	SENIOR VP FINANCE/CFO (RETIRED)	40.00		$712,457	$0	$712,457
MICHELLE NICHOLS	SENIOR VP CLINICAL AFFAIRS AND GME (TERMINATED)	40.00		$470,930	$0	$470,930
LLOYDA WILLIAMSON	CHAIR PSYCHIATRY (TERMINATED)	40.00		$200,385	$0	$200,385
CARLTON ADAMS	CHAIR SURGERY/TRUSTEE (TERMINATED)	40.00		$438,654	$0	$438,654
EDWARD HILLS	PROFESSOR (RETIRED)	40.00		$300,000	$0	$300,000
MUYIWA ADEDOKUN	ASST PROFESSOR SURGERY (TERMINATED)	40.00		$293,489	$0	$293,489

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	$234,140,557	$226,999,755	$587,383,696	$7,140,802
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