SOUTHWESTERN MEDICAL FOUNDATION

EIN: 750945939 501(c)(3) Education

DALLAS, TX

Total Revenue
$183,069,250
Total Expenses
$55,305,025
Total Assets
$1,290,642,191
Net Assets
$1,279,269,013
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
TX
Principal Officer
MICHAEL MCMAHAN
Phone
2143516143
Tax Period
2024-01-01 to 2024-12-31

SOUTHWESTERN MEDICAL FOUNDATION, founded in 1939, is a major nonprofit in the Education sector that reported $183.1M in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127.8M, a strong 70% operating margin.

Mission

SOUTHWESTERN MEDICAL FOUNDATION (THE "FOUNDATION") WAS ORGANIZED IN 1939 AS A TEXAS NON-PROFIT CORPORATION, COMMITTED TO THE DEVELOPMENT AND IMPROVEMENT OF MEDICAL EDUCATION, MEDICAL RESEARCH AND PATIENT CARE IN THE NORTH TEXAS COMMUNITY AND THROUGHOUT THE WORLD. IN 1943, THE FOUNDATION ESTABLISHED SOUTHWESTERN MEDICAL COLLEGE, NOW KNOWN AS UT SOUTHWESTERN MEDICAL CENTER (THE "CENTER"). THE FOUNDATION CONTINUES TO RAISE AND MANAGE PRIVATE PHILANTHROPIC DOLLARS PRIMARILY FOR CONTINUED SUPPORT OF THE CENTER THROUGH GRANTS AND SCHOLARSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,558,864
Program Service Revenue $0
Investment Income $120,709,255
Other Revenue $4,801,131
TOTAL REVENUE $183,069,250

Expense Breakdown

Grants Paid $48,528,987
Salaries & Benefits $2,599,684
Fundraising Expenses $1,860,167
Program Expenses $49,875,774
Other Expenses $4,176,354
TOTAL EXPENSES $55,305,025

Year-over-Year Comparison

2024 2023 Change
Revenue $183,069,250 $72,790,697 +1.5%
Expenses $55,305,025 $51,850,614 +0.1%
Net Income $127,764,225 $20,940,083 +5.1%
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
87
Independent Members
87
Employees
17
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
4
$957,256
Total Directors
87
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERE W THOMPSON JR CHAIRMAN OF THE BOARD 0.25
Officer Director
$0 $0 $0
CHERYL D ALSTON TRUSTEE 0.25
Director
$0 $0 $0
LIZ ARMSTRONG TRUSTEE 0.25
Director
$0 $0 $0
KIM J ASKEW TRUSTEE 0.25
Director
$0 $0 $0
KELVIN A BAGGETT MD TRUSTEE 0.25
Director
$0 $0 $0
RANDY BEST TRUSTEE 0.25
Director
$0 $0 $0
LUCY BILLINGSLEY TRUSTEE 0.25
Director
$0 $0 $0
JAN HART BLACK TRUSTEE 0.25
Director
$0 $0 $0
RANDY BOWMAN TRUSTEE 0.25
Director
$0 $0 $0
TUCKER S BRIDWELL TRUSTEE 0.25
Director
$0 $0 $0
DAVID O BROWN TRUSTEE 0.25
Director
$0 $0 $0
J ROBERT BROWN TRUSTEE 0.25
Director
$0 $0 $0
SHONN BROWN TRUSTEE 0.25
Director
$0 $0 $0
PETER D BRUNDAGE TRUSTEE 0.25
Director
$0 $0 $0
LELAND R BURK TRUSTEE 0.25
Director
$0 $0 $0
JENNIFER CHANDLER TRUSTEE 0.25
Director
$0 $0 $0
PETE CHILLIAN TRUSTEE 0.25
Director
$0 $0 $0
NITA P CLARK TRUSTEE 0.25
Director
$0 $0 $0
DAVID R CORRIGAN TRUSTEE 0.25
Director
$0 $0 $0
TIMOTHY P COSTELLO TRUSTEE 0.25
Director
$0 $0 $0
KATHY CROW TRUSTEE 0.25
Director
$0 $0 $0
LINDA PITTS CUSTARD TRUSTEE 0.25
Director
$0 $0 $0
ROBERT H DEDMAN JR TRUSTEE 0.25
Director
$0 $0 $0
LINDA P EVANS TRUSTEE 0.25
Director
$0 $0 $0
CURT FARMER TRUSTEE 0.25
Director
$0 $0 $0
HILL A FEINBERG TRUSTEE 0.25
Director
$0 $0 $0
ANDERSEN C FISHER TRUSTEE 0.25
Director
$0 $0 $0
CATE FORD TRUSTEE 0.25
Director
$0 $0 $0
HOLLAND P GARY TRUSTEE 0.25
Director
$0 $0 $0
MARK D GIBSON TRUSTEE 0.25
Director
$0 $0 $0
MANDY GINSBERG TRUSTEE 0.25
Director
$0 $0 $0
DAVID C HALEY TRUSTEE 0.25
Director
$0 $0 $0
PILAR TABERNERO HENRY TRUSTEE 0.25
Director
$0 $0 $0
KENNETH A HERSH TRUSTEE 0.25
Director
$0 $0 $0
JOAN BUCHANAN HILL TRUSTEE 0.25
Director
$0 $0 $0
JAMES R HUFFINES TRUSTEE 0.25
Director
$0 $0 $0
KAY BAILEY HUTCHISON TRUSTEE 0.25
Director
$0 $0 $0
JACOB JONES TRUSTEE 0.25
Director
$0 $0 $0
ROD C JONES TRUSTEE 0.25
Director
$0 $0 $0
BOB JORDAN TRUSTEE 0.25
Director
$0 $0 $0
ROBERT W JORDAN TRUSTEE 0.25
Director
$0 $0 $0
MICHAEL L KAHN TRUSTEE 0.25
Director
$0 $0 $0
LINDA KAO TRUSTEE 0.25
Director
$0 $0 $0
JAMES KEYES TRUSTEE 0.25
Director
$0 $0 $0
IMRAN KHAN TRUSTEE 0.25
Director
$0 $0 $0
CHRIS KLEINERT TRUSTEE 0.25
Director
$0 $0 $0
CAREN KLINE TRUSTEE 0.25
Director
$0 $0 $0
JOYCE LACERTE TRUSTEE 0.25
Director
$0 $0 $0
MARK LANGDALE TRUSTEE 0.25
Director
$0 $0 $0
TODD LEMKIN TRUSTEE 0.25
Director
$0 $0 $0
JACK B LOWE JR TRUSTEE 0.25
Director
$0 $0 $0
NANCY CAIN MARCUS PHD TRUSTEE 0.25
Director
$0 $0 $0
CHARLES W MATTHEWS TRUSTEE 0.25
Director
$0 $0 $0
AMY MCKNIGHT TRUSTEE 0.25
Director
$0 $0 $0
DAVID B MILLER TRUSTEE 0.25
Director
$0 $0 $0
SARAH K MILLER TRUSTEE 0.25
Director
$0 $0 $0
KIT TENNISON MONCRIEF TRUSTEE 0.25
Director
$0 $0 $0
CARTER MONTGOMERY TRUSTEE 0.25
Director
$0 $0 $0
J RAY NIXON JR TRUSTEE 0.25
Director
$0 $0 $0
ALFREDA B NORMAN TRUSTEE 0.25
Director
$0 $0 $0
LYDIA H NOVAKOV TRUSTEE 0.25
Director
$0 $0 $0
CONNIE O'NEILL TRUSTEE 0.25
Director
$0 $0 $0
MARSHALL PAYNE TRUSTEE 0.25
Director
$0 $0 $0
JEANNE L PHILLIPS TRUSTEE 0.25
Director
$0 $0 $0
DANIEL K PODOLSKY MD TRUSTEE 0.25
Director
$0 $0 $0
MATTHEW S RAMSEY TRUSTEE 0.25
Director
$0 $0 $0
KATIE H ROBBINS TRUSTEE 0.25
Director
$0 $0 $0
CATHERINE M ROSE TRUSTEE 0.25
Director
$0 $0 $0
DANIEL G ROUTMAN TRUSTEE 0.25
Director
$0 $0 $0
ROBERT B ROWLING TRUSTEE 0.25
Director
$0 $0 $0
BRIAN SCHULTZ TRUSTEE 0.25
Director
$0 $0 $0
JENNIFER SCRIPPS TRUSTEE 0.25
Director
$0 $0 $0
DAVID T SEATON TRUSTEE 0.25
Director
$0 $0 $0
NICOLE G SMALL TRUSTEE 0.25
Director
$0 $0 $0
BONNIE BASS SMITH TRUSTEE 0.25
Director
$0 $0 $0
JERRY V SMITH TRUSTEE 0.25
Director
$0 $0 $0
MARVIN J STONE MD TRUSTEE 0.25
Director
$0 $0 $0
SAM L SUSSER TRUSTEE 0.25
Director
$0 $0 $0
CHARMAINE TANG TRUSTEE 0.25
Director
$0 $0 $0
MCHENRY T TICHENOR JR TRUSTEE 0.25
Director
$0 $0 $0
KIP TINDELL TRUSTEE 0.25
Director
$0 $0 $0
MARGARET VONDER HOYA TRUSTEE 0.25
Director
$0 $0 $0
TODD WILLIAMS TRUSTEE 0.25
Director
$0 $0 $0
DENNIS WONG TRUSTEE 0.25
Director
$0 $0 $0
KATHLEEN J WU TRUSTEE 0.25
Director
$0 $0 $0
MARK ZALE TRUSTEE 0.25
Director
$0 $0 $0
DAWN ZIERK TRUSTEE 0.25
Director
$0 $0 $0
MICHAEL MCMAHAN PRESIDENT AND CEO 40.00
Officer
$441,583 $48,760 $490,343
SARAH FLETCHER CHIEF FINANCIAL OFFICER 40.00
Officer
$263,000 $27,063 $290,063
EMILY DAVIS CORPORATE SECRETARY 40.00
Officer
$150,040 $26,810 $176,850
TRAE HOLMES SENIOR DIRECTOR OF ACCOUNT 40.00
Highest
$165,278 $30,994 $196,272
STEPHANIE VIDIKAN SENIOR DIRECTOR OF OPERATIONS 40.00
Highest
$148,350 $28,649 $176,999
BRITTANY LEBLING DIRECTOR OF COMMUNICATIONS 40.00
Highest
$136,062 $16,168 $152,230
BLAKE EVANS DIRECTOR OF DONOR RELATIONS 40.00
Highest
$110,920 $23,030 $133,950
RAPHAEL FOSTER SENIOR FINANCIAL ANALYST AND TREASURY MANAGER 40.00
Highest
$108,304 $23,473 $131,777
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 $183,069,250 $55,305,025 $1,290,642,191 $127,764,225
2023 $72,790,697 $51,850,614 $1,199,963,212 $20,940,083
2022 $79,182,549 $81,194,379 $1,123,003,167 $-2,011,830
2021 $133,001,887 $54,537,915 $1,318,497,986 $78,463,972
2020 $30,251,588 $39,615,826 $1,119,151,350 $-9,364,238
2019 $50,953,403 $33,595,280 $1,007,095,047 $17,358,123
2018 $85,008,274 $36,956,167 $899,668,915 $48,052,107
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