Memorial Hermann Health System (EIN 741152597) - 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

1910

Legal Domicile

Principal Officer

David L Callender MD

Phone

7133384552

Tax Period

2023-07-01 to 2024-06-30

Memorial Hermann Health System, founded in 1910, is a large national nonprofit in the Health Care sector that reported $8.5B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.7B left a modest 10% surplus.

Mission

MEMORIAL HERMANN HEALTH SYSTEM IS A NONPROFIT, VALUES-DRIVEN, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING HEALTH.

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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 $13,712,833

Program Service Revenue $8,040,024,375

Investment Income $408,406,179

Other Revenue $64,376,467

TOTAL REVENUE $8,526,519,854

Expense Breakdown

Grants Paid $29,605,750

Salaries & Benefits $3,384,497,005

Fundraising Expenses $0

Program Expenses $6,518,355,440

Other Expenses $4,252,647,176

TOTAL EXPENSES $7,666,749,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,526,519,854	$7,581,409,425	+0.1%
Expenses	$7,666,749,931	$6,952,309,636	+0.1%
Net Income	$859,769,923	$629,099,789	+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

36407

Volunteers

2578

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

$11,201,240

Total Directors

$5,926,734

Key Employees

$27,575,432

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David L Callender MD	CEO/PRESIDENT	40.0	Officer Director	$5,391,502	$528,732	$5,920,234
Erin S Asprec	EVP/COO	40.0	Key Emp	$2,230,783	$308,720	$2,539,503
James McCarthy MD	EVP, CPE	40.0	Key Emp	$1,737,337	$274,086	$2,011,423
Deborah Gordon	EVP/CAO/CLO/SECRETARY	40.0	Officer	$1,738,372	$272,018	$2,010,390
Alec King	EVP/CFO/TREASURER	40.0	Officer	$1,678,276	$265,924	$1,944,200
Joshua Urban	SVP/PRES COMM HOSP	40.0	Key Emp	$1,622,484	$250,677	$1,873,161
Feby Abraham	EVP, CSO	40.0	Key Emp	$1,438,540	$254,514	$1,693,054
Kyle Price	SVP, Srvc Lines	40.0	Key Emp	$1,328,143	$220,299	$1,548,442
Heath Rushing	SVP, Srvc Lines	40.0	Key Emp	$1,315,707	$222,360	$1,538,067
Lori P Knowles	SVP/CHRO	40.0	Key Emp	$1,261,965	$201,024	$1,462,989
Gregory L Haralson	SVP, CEO - TMC	40.0	Key Emp	$1,382,726	$48,073	$1,430,799
Eric Smith	SVP, CDO	40.0	Key Emp	$1,159,716	$160,575	$1,320,291
Amanda Hammel	SVP/CIO	40.0	Key Emp	$1,143,499	$166,966	$1,310,465
Paul C O'Sullivan	SVP, CEO- MC & GH	40.0	Key Emp	$1,122,438	$157,284	$1,279,722
Obiefuna Chikelue	SVP, CIO	40.0	Key Emp	$1,097,856	$160,887	$1,258,743
Justin P Kendrick	SVP, CEO - NE & TW	40.0	Key Emp	$992,728	$163,176	$1,155,904
Malisha S Patel	SVP, CEO - SW & SL	40.0	Key Emp	$967,727	$137,308	$1,105,035
Phillip Chang	SVP, CQO	40.0	Key Emp	$879,882	$166,802	$1,046,684
Kriel Steve Ramcharitar	VP, CMO - ACO & PHSO	40.0	Key Emp	$1,014,221	$27,142	$1,041,363
Teal Holden	SVP/AMB & POST-ACUTE SVCS	40.0	Key Emp	$891,436	$121,311	$1,012,747
Carol J Paret	Former Key Employee	0.0		$986,391	$20,372	$1,006,763
Anne E Neeson	EVP, CEO - Foundation	40.0	Key Emp	$888,442	$114,231	$1,002,673
Noel J Cardenas	SVP, CEO - SE & PL	40.0	Key Emp	$859,781	$120,795	$980,576
Jerry A Ashworth	SVP, CEO - Cypress & Katy	40.0	Key Emp	$828,887	$134,904	$963,791
Cynthia A De Moya	FORMER CFO	40.0		$824,969	$129,243	$954,212
Richard Lyman	SVP/REV CYCLE	40.0	Highest	$821,822	$128,019	$949,841
Howard Scott	VP, CMO - MC & GH	40.0	Highest	$744,539	$137,503	$882,042
Katrina Melton	VP, Post-Acute Services	40.0	Highest	$822,930	$44,029	$866,959
Glen Garner	VP, CMO - SE & Pearland	40.0	Highest	$721,944	$141,158	$863,102
Nnaemeka Okafor	VP, CHIO	40.0	Highest	$727,010	$133,675	$860,685
Warren Shea	VP/ASST SECRETARY	40.0	Officer	$589,880	$124,134	$714,014
Alejandra Loessin	VP, COS	40.0	Officer	$514,196	$98,206	$612,402
Gary J Sheppard MD	DIRECTOR	1.0	Director	$0	$0	$6,500
Alan V Ytterberg	DIRECTOR	1.0	Director	$0	$0	$0
Anne Taylor	DIRECTOR	1.0	Director	$0	$0	$0
Donald M Woo	DIRECTOR	1.0	Director	$0	$0	$0
Edward B Adams Jr	DIRECTOR	1.0	Director	$0	$0	$0
Gary R Petersen	DIRECTOR	1.0	Director	$0	$0	$0
Gregory Armstrong	DIRECTOR	1.0	Director	$0	$0	$0
Ira L Flax MD	DIRECTOR	1.0	Director	$0	$0	$0
Jarvis V Hollingsworth	DIRECTOR	1.0	Director	$0	$0	$0
Jay Schneider	DIRECTOR	1.0	Director	$0	$0	$0
John Graf	DIRECTOR	1.0	Director	$0	$0	$0
John M Esquivel	DIRECTOR	1.0	Director	$0	$0	$0
Monica Benton	DIRECTOR	1.0	Director	$0	$0	$0
Neelofer S Durrani MD	DIRECTOR	1.0	Director	$0	$0	$0
Peter R Huntsman	DIRECTOR	1.0	Director	$0	$0	$0
Richard S Figueroa	DIRECTOR	1.0	Director	$0	$0	$0
Rishi Varma	DIRECTOR	1.0	Director	$0	$0	$0
Sara N Ortwein	DIRECTOR	1.0	Director	$0	$0	$0
Stacy P Methvin	DIRECTOR	1.0	Director	$0	$0	$0
Susan Sarofim	DIRECTOR	1.0	Director	$0	$0	$0
William H Easter III	DIRECTOR	1.0	Director	$0	$0	$0
Willoughby C Williams Jr	DIRECTOR	1.0	Director	$0	$0	$0
Kevin P Brady	DIRECTOR	1.0	Director	$0	$0	$0
David S Habachy	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
2025	No data	No data	No data	No data
2024	$8,526,519,854	$7,666,749,931	$13,656,114,392	$859,769,923
2023	$7,581,409,425	$6,952,309,636	$12,081,212,202	$629,099,789
2022	$7,314,063,690	$6,423,696,348	$11,387,026,051	$890,367,342
2021	$6,794,591,620	$5,925,395,223	$11,477,325,693	$869,196,397
2020	$5,609,497,082	$5,190,772,994	$10,233,853,414	$418,724,088
2019	$5,372,368,681	$4,946,988,419	$8,171,507,761	$425,380,262

Memorial Hermann Health System