Memorial Hermann Health System

EIN: 741152597 501(c)(3) Health Care

Houston, TX

Total Revenue
$8,526,519,854
Total Expenses
$7,666,749,931
Total Assets
$13,656,114,392
Net Assets
$9,120,199,305
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Financial Trends

Organization Details

Formation Year
1910
Legal Domicile
TX
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. OUR VISION IS TO CREATE HEALTHIER COMMUNITIES, NOW AND FOR GENERATIONS TO COME. OUR VALUES ARE COMMUNITY, COMPASSION, CREDIBILITY, AND COURAGE.

Program Service Accomplishments

Program 1
Expenses: $6,518,355,440 Revenue: $8,040,024,375

Memorial Hermann Health System is a nonprofit, values-driven, community-owned health system dedicated to improving health. Our vision is to create healthier communities, now and for generations to...

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Memorial Hermann Health System is a nonprofit, values-driven, community-owned health system dedicated to improving health. Our vision is to create healthier communities, now and for generations to come. Our values are community, compassion, credibility, and courage. Charting a better future. A future that's built upon the HEALTH of our community. This is the driving force for Memorial Hermann, redefining health care for the individuals and many diverse populations we serve. Our 6,600+ affiliated physicians and 33,000+ employees practice the highest standards of safe, evidence-based, quality care to provide a personalized and outcome-oriented experience across our more than 260 care delivery sites. As one of the largest not-for-profit health systems in Southeast Texas, Memorial Hermann has an award-winning and nationally acclaimed Accountable Care Organization, 17 hospitals and numerous specialty programs and services conveniently located throughout the Greater Houston area (Memorial Hermann Health System owns and operates 14 hospitals and has joint ventures with three other hospital facilities, including Memorial Hermann Surgical Hospital First Colony, Memorial Hermann Surgical Hospital Kingwood and Memorial Hermann Rehabilitation Hospital-Katy). Beginning in 1990, U.S. News & World Report has ranked our nation's leading hospitals annually. And in every one of those years, TIRR Memorial Hermann has been named among the very best rehabilitation hospitals in the United States. TIRR Memorial Hermann ranks best in Texas and No. 3 in the nation for rehabilitation. Memorial Hermann-Texas Medical Center is one of the nation's busiest Level I trauma centers and serves as the primary teaching hospital for McGovern Medical School at UTHealth. Memorial Hermann-Texas Medical Center was ranked #4 best hospital in Texas, and also listed in the U.S. News rankings in the specialty areas of Cardiology and Heart Surgery, Ear, Nose and Throat, and Gastroenterology and GI Surgery. Also making the Top 10 statewide rankings were Memorial Hermann Greater Heights Hospital and Memorial Hermann Memorial City Medical Center were tied at #6. Children's Memorial Hermann Hospital was nationally ranked in Pediatric Cardiology and Heart Surgery, as well as Pediatric Neurology and Neurosurgery. The Heart Center at Children's Memorial Hermann Hospital has earned the Society of Thoracic Surgeons' (STS) highest rating for quality related to patient care and congenital heart surgery outcomes. Only 12 pediatric heart programs in the United States and Canada earned the distinguished STS three-star rating for congenital heart surgery, following analysis of data collected from 119 participating programs from January 2014 to December 2017. The STS star rating system is one of the most highly regarded overall measures of quality in health care, comparing the nationally benchmarked outcomes of cardiothoracic surgery programs in the U.S. and Canada. For the seventh time, Memorial Hermann Memorial City Medical Center was named one of the nation's top 100 hospitals by IBM Watson Health. Formerly known as the Truven Health Analytics 100 Top Hospitals, the study spotlights the best-performing hospitals based on a scorecard of publicly available clinical, operational and patient satisfaction metrics and data. Memorial Hermann Southeast Hospital, Memorial Hermann Greater Heights Hospital, Memorial Hermann Southwest Hospital and Memorial Hermann The Woodlands Medical Center all have received Chest Pain Center accreditation from The Joint Commission (TJC). An independent, not-for-profit organization, TJC accredits and certifies nearly 21,000 healthcare organizations and programs in the United States. Healthcare organizations that have received this accreditation have demonstrated a high level of expertise in dealing with patients with heart attack symptoms. Memorial Hermann-Texas Medical Center (TMC) and Memorial Hermann Memorial City Medical Center earned national recognition as top performers for superior quality and safety by the Vizient Quality and Accountability Study. Memorial Hermann-TMC received the 2018 Bernard A. Birnbaum, MD, Quality Leadership Award for Academic Medical Centers, and ranked ninth of 99 participating academic medical centers. Memorial Hermann Memorial City received the 2018 Bernard A. Birnbaum, MD, Quality Leadership Award for Complex Teaching Medical Centers, ranking seventh among 100 participating teaching medical centers. Memorial Hermann Sugar Land Hospital was named a recipient of the 2016 Malcolm Baldrige National Quality Award, the nation's highest Presidential honor for performance excellence. U.S. Commerce Secretary Penny Pritzker made the announcement recognizing Memorial Hermann Sugar Land for its outstanding commitment to sustainable excellence through innovation, improvement and visionary leadership. Since the healthcare category was introduced in 1999, only 21 healthcare organizations nationwide have been awarded the Malcolm Baldrige National Quality Award. Memorial Hermann Sugar Land was the first Houston area hospital and the third in Texas to win the prestigious award. For more than 114 years, our focus has been the best interest of our community. During the fiscal year, Memorial Hermann Health System provided community benefits of more than $486 million (as reported on the Internal Revenue Service Form 990, Schedule H) annually through financial assistance, school-based health centers, and other community benefit programs. During the fiscal year, Memorial Hermann admitted 193,029 patients resulting in 1,077,175 days of care, delivered 30,215 babies, had 781,683 emergency visits, 4,000+ life flight missions, and over 974,000 diagnostic and therapy visits. For more than 114 years, our focus has been the best interest of our community, contributing more than $486 million annually through school-based health centers and other community benefit programs. Now and for generations to come, the health of our community will be at the center of what we do - charting a better future for all.

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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 (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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Governance

Voting Members
25
Independent Members
24
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
5
$11,201,240
Total Directors
25
$5,926,734
Key Employees
20
$27,575,432
Highest Compensated
5
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
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