Houston Academy of Medicine

EIN: 741277657 501(c)(3) Education

Houston, TX

Total Revenue
$9,691,812
Total Expenses
$9,303,147
Total Assets
$57,291,330
Net Assets
$53,840,221
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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
TX
Principal Officer
Sean Murphy
Phone
7135244267
Tax Period
2023-01-01 to 2023-12-31

Houston Academy of Medicine, founded in 1915, is a community nonprofit in the Education sector that reported $9.7M in total revenue in fiscal year 2023. Expenses of $9.3M left a modest 4% surplus.

Mission

Supports education and scientific programs for physicians, patients, and the community.

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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 $8,309,411
Program Service Revenue $43,387
Investment Income $1,285,408
Other Revenue $53,606
TOTAL REVENUE $9,691,812

Expense Breakdown

Grants Paid $172,087
Salaries & Benefits $3,768,937
Fundraising Expenses $27,687
Program Expenses $8,089,368
Other Expenses $5,362,123
TOTAL EXPENSES $9,303,147

Year-over-Year Comparison

2023 2022 Change
Revenue $9,691,812 $9,823,746 0.0%
Expenses $9,303,147 $9,199,545 +0.0%
Net Income $388,665 $624,201 -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

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Governance

Voting Members
25
Independent Members
25
Employees
38
Volunteers
300

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
8
$846,219
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dwane G Broussard MD President 0.50
Officer Director
$0 $0 $0
Louise H Bethea MD Vice President 0.50
Officer Director
$0 $0 $0
Hattie E Henderson MD Treasurer 0.50
Officer Director
$0 $0 $0
Brian M Bruel MD Secretary 0.50
Officer Director
$0 $0 $0
Katherine Prentice TMC Library ED 40.00
Officer
$158,346 $26,625 $184,971
Dorothy Cobbs TMC Library CFO 40.00
Officer
$148,429 $25,595 $174,024
Sean Murphy Executive VP/CEO 20.00
Officer
$163,525 $33,152 $360,202
Gene Horr Controller 20.00
Officer
$55,074 $16,874 $127,022
Beatriz Varman Head of Research & Instruction 40.00
Highest
$101,112 $21,502 $122,614
Richard J Andrassy MD Board Member 0.50
Director
$0 $0 $0
Ashok Balasubramanyam MD Board Member 0.50
Director
$0 $0 $0
Daniel H Darmadi MD Board Member 0.50
Director
$0 $0 $0
Chinelo Ikpeama Fangtang MD Board Member 0.50
Director
$0 $0 $0
Sara Goel DO Board Member 0.50
Director
$0 $0 $0
Robert E Jackson MD Board Member 0.50
Director
$0 $0 $0
Yvonne Kew MD Board Member 0.50
Director
$0 $0 $0
Rashmi Kudesia MD Board Member 0.50
Director
$0 $0 $0
Felicity L Mack MD Board Member 0.50
Director
$0 $0 $0
Ankur D Mehta DO Board Member 0.50
Director
$0 $0 $0
Terry S Newman MD Board Member 0.50
Director
$0 $0 $0
Stacy L Norrell MD Board Member 0.50
Director
$0 $0 $0
Eddie L Patton Jr MD Board Member 0.50
Director
$0 $0 $0
Tal Raphaeli MD Board Member 0.50
Director
$0 $0 $0
Elizabeth M Rebello MD Board Member 0.50
Director
$0 $0 $0
Elenita L Rosado MD Board Member 0.50
Director
$0 $0 $0
Mina K Sinacori MD Board Member 0.50
Director
$0 $0 $0
Kozhaya C Sokhon MD Board Member 0.50
Director
$0 $0 $0
Stephen J Spann MD Board Member 0.50
Director
$0 $0 $0
George W Williams II MD Board Member 0.50
Director
$0 $0 $0
Naveed Zafar MD Board Member 0.50
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 $9,691,812 $9,303,147 $57,291,330 $388,665
2022 $9,823,746 $9,199,545 $50,596,349 $624,201
2021 $9,726,228 $9,230,724 $57,192,263 $495,504
2020 $9,607,484 $9,515,750 $52,416,862 $91,734
2019 $9,006,425 $8,994,291 $48,437,229 $12,134
2018 $8,822,423 $8,852,852 $42,837,116 $-30,429
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