TEXAS MEDICAL CENTER

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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

1945

Legal Domicile

Principal Officer

WILLIAM MCKEON

Phone

7137916104

Tax Period

2023-01-01 to 2023-12-31

TEXAS MEDICAL CENTER, founded in 1945, is a major nonprofit in the Health Care sector that reported $127.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $28.9M, a strong 23% operating margin.

Mission

THE MISSION OF THE TEXAS MEDICAL CENTER ("TMC") IS TO PROMOTE THE HIGHEST QUALITY HEALTH STATUS FOR ALL PEOPLE BY ASSISTING INSTITUTIONS OF THE TEXAS MEDICAL CENTER TO ACHIEVE INDIVIDUAL AND COLLECTIVE GOALS OF THE HIGHEST POSSIBLE STANDARDS OF PATIENT AND PREVENTIVE CARE, OF RESEARCH AND EDUCATION, AND OF LOCAL, NATIONAL AND INTERNATIONAL COMMUNITY WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $9,857,087 Revenue: $0

THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE DURING CALENDAR YEAR 2023: TATIANNA YALE - $220,321

Program 2

Expenses: $61,475,487 Revenue: $105,775,601

PROVIDES SERVICES, SUCH AS PARKING, HOSPITALITY, LEASING, AND POLICE SERVICES, TO TMC MEMBER INSTITUTIONS, EMPLOYEES, VISITORS AND THE COMMUNITY.

Program 3

Expenses: $9,989,555 Revenue: $5,934,819

DEVELOPMENT OF OUR LAND AND CAMPUS FOR INSTITUTIONAL PLANS AND URBAN PLANNING TO PROMOTE AND PROVIDE SUPPORT AND POLICE SECURITY FOR OUR MEMBER INSTITUTES, PATIENTS AND VISITORS. MAINTAINS THE...

DEVELOPMENT OF OUR LAND AND CAMPUS FOR INSTITUTIONAL PLANS AND URBAN PLANNING TO PROMOTE AND PROVIDE SUPPORT AND POLICE SECURITY FOR OUR MEMBER INSTITUTES, PATIENTS AND VISITORS. MAINTAINS THE INFRASTRUCTURE FOR THE SHARED, CENTRALLY MANAGED CAMPUS, PROVIDING MAINTENANCE FOR ITS STREETS, SIDEWALKS, GREEN SPACE, AND SHARED COMMONS SPACE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $111,479,047

Investment Income $15,952,827

Other Revenue $231,373

TOTAL REVENUE $127,663,247

Expense Breakdown

Grants Paid $1,003,590

Salaries & Benefits $23,678,221

Fundraising Expenses $0

Program Expenses $92,726,707

Other Expenses $74,092,774

TOTAL EXPENSES $98,774,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,663,247	$108,399,620	+0.2%
Expenses	$98,774,585	$87,827,153	+0.1%
Net Income	$28,888,662	$20,572,467	+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

209

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

$9,251,105

Total Directors

$3,061,476

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCKEON	PRESIDENT	40.0	Officer Director	$2,995,396	$66,080	$3,061,476
ISAAC MIDDLETON	CHIEF OPERATING OFFICER	40.0	Officer	$874,708	$66,080	$940,788
DENISE CASTILLO-RHODES	CFO	40.0	Officer	$837,076	$33,000	$870,076
ASHLEY MCPHAIL	VP, STRATEGY & ADMINISTRATION	40.0	Officer	$720,720	$44,027	$764,747
THOMAS LUBY	DIRECTOR INNOVATION INSTITUTE	40.0	Officer	$676,188	$66,080	$742,268
MARCUS NELSON	VP, Strategy & New Ventures	40.0	Officer	$490,190	$66,080	$556,270
BRIAN LUNEAU	VP, LEGAL	40.0	Officer	$462,826	$66,080	$528,906
SANTOS GONZALEZ-HINOJOSA	GENERAL COUNSEL	40.0	Officer	$427,654	$66,080	$493,734
JOHN WOLTER	CHIEF OF POLICE & TECHNOLOGY	40.0	Highest	$381,064	$66,080	$447,144
TATUM MARTENS	VP Marketing	40.0	Officer	$321,390	$54,946	$376,336
KRISTEN KUPPERMAN	VP, REAL ESTATE DEVELOPMENT	40.0	Officer	$306,190	$30,558	$336,748
ABBEY ROBERSON	VP, PLANNER	40.0	Officer	$280,549	$48,651	$329,200
JUDITH GERSH	CONTROLLER	40.0	Highest	$274,028	$49,812	$323,840
LAWRENCE JONES	DIR. FINANCE	40.0	Highest	$242,007	$48,812	$290,819
JASON SAKAMOTO	ASSOC. DIRECTOR	40.0	Highest	$212,037	$53,718	$265,755
TATIANNA YALE	CHIEF INVESTMENT & PLANNING OF	40.0	Officer	$243,103	$7,453	$250,556
EMILY REISER	ASSOC. DIRECTOR, INNOVATION	40.0	Highest	$209,599	$31,815	$241,414
J DOWNEY BRIDGWATER	DIRECTOR, CHAIRMAN	1.0	Director	$0	$0	$0
ALAN R BUCKWALTER III	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY R CHASE	DIRECTOR	1.0	Director	$0	$0	$0
O HOLCOMBE CROSSWELL	DIRECTOR, CHAIRMAN EMERITUS	1.0	Director	$0	$0	$0
ROBERT J CRUIKSHANK	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES W HALL	DIRECTOR	1.0	Director	$0	$0	$0
BRADLEY N HOWELL	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM N MATHIS	DIRECTOR	1.0	Director	$0	$0	$0
SHAUNA CLARK	DIRECTOR	1.0	Director	$0	$0	$0
DAN BELLOW	DIRECTOR	1.0	Director	$0	$0	$0
DR BERNARD A HARRIS JR MD	DIRECTOR, VICE CHAIRMAN	1.0	Director	$0	$0	$0
GREG MOORE	DIRECTOR	1.0	Director	$0	$0	$0
DEENA BUFORD	DIRECTOR	1.0	Director	$0	$0	$0
ALEXANDRIA PRUNER	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	No data	No data	No data	No data
2023	$127,663,247	$98,774,585	$972,764,617	$28,888,662
2022	$108,399,620	$87,827,153	$918,301,363	$20,572,467
2021	$103,358,292	$75,977,414	$778,839,155	$27,380,878
2020	$122,868,358	$95,728,185	$720,808,962	$27,140,173
2019	$112,738,455	$73,479,200	$531,687,360	$39,259,255
2018	$108,466,011	$66,147,427	$467,188,780	$42,318,584