Texas Health Physicians Group (EIN 752613493) - 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

1996

Legal Domicile

Principal Officer

Shawn Parsley

Phone

9727393000

Tax Period

2023-01-01 to 2023-12-31

Texas Health Physicians Group, founded in 1996, is a major nonprofit in the Health Care sector that reported $613.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $872.1M exceeded revenue, resulting in a 42% operating deficit.

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF the people in the communities it serves, regarless of thier ability to pay.

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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 $2,406,974

Program Service Revenue $609,504,157

Investment Income $183,494

Other Revenue $1,288,658

TOTAL REVENUE $613,383,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $605,373,416

Fundraising Expenses $0

Program Expenses $777,191,195

Other Expenses $266,748,596

TOTAL EXPENSES $872,122,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$613,383,283	$552,831,006	+0.1%
Expenses	$872,122,012	$813,928,948	+0.1%
Net Income	$-258,738,729	$-261,097,942	0.0%

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

N/A

Employees

4882

Volunteers

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

$8,170,757

Total Directors

$5,238,944

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HillBrandon	PHYS PRACTICE	40.0	Highest	$2,358,082	$52,094	$2,410,176
AjayiOlaide O	PHYS PRACTICE	40.0	Highest	$2,127,993	$63,495	$2,191,488
OoiYinn Cher	PHYS PRACTICE	40.0	Highest	$1,925,675	$69,333	$1,995,008
WongCyrus Chi-Ho	PHYS PRACTICE	40.0	Highest	$1,807,057	$55,712	$1,862,769
McWhorterRicky E	Former Officer	0.0		$0	$325,006	$1,840,778
DixonTanya S	PHYS PRACTICE	40.0	Highest	$1,568,743	$29,050	$1,597,793
ParsleyShawn D	President & COO THPG	49.5	Officer	$1,157,043	$358,771	$1,515,814
KramerKenneth J	Assistant Secretary	0.5	Officer	$0	$235,245	$1,442,048
Fowler JrDonald	Chair/PHYS PRACTICE	40.0	Director	$808,998	$54,606	$863,604
MyersLynn Marie	Chief Medical & Qual Offr THPG	40.0	Officer	$739,198	$75,558	$814,756
Rothbart MDDavid	Trustee	0.5	Director	$0	$87,241	$703,329
JacksonDavid W	Assistant Secretary	0.5	Officer	$0	$165,877	$680,985
AlcantaraEnedina E	Trustee/PHYS HOSPITALIST	40.0	Director	$419,909	$74,057	$493,966
YeohamLoraine N	Trustee/PHYS PRACTICE	40.0	Director	$431,853	$59,592	$491,445
MyintTwinkle Anne	V Chair/PHYS PRACTICE	40.0	Director	$419,292	$70,182	$489,474
AndersonMarquita Denise	Trustee/PHYS PRACTICE	40.0	Director	$426,295	$52,190	$478,485
BrightJeana A	Past Chair/PHYS PRACTICE	40.0	Director	$391,500	$66,842	$458,342
TaylorWalton Albert	Trustee/PHYS PRACTICE	40.0	Director	$396,600	$60,617	$457,217
NghiMinh Quang	Trustee/PHYS HOSPITALIST	40.0	Director	$378,461	$77,279	$455,740
SoderstromJennifer Lee	VP Transformation & Integ THPG	40.0	Officer	$351,741	$79,154	$430,895
CantuStacy G	Corporate Secretary	0.5	Officer	$0	$71,659	$424,847
PetersonLisa Kaye	Finance Officer Term 09/2023	40.0	Officer	$358,810	$55,965	$414,775
ClayLori	VP Primary Care Ops THPG	40.0	Officer	$351,010	$60,562	$411,572
StephensonJennifer Lea	VP Specialty Care Ops THPG	40.0	Officer	$340,637	$58,773	$399,410
KharbandaAjay K	VP Hosptlsts & Post Acute THPG	40.0	Officer	$335,600	$61,811	$397,411
BourqueDreux Everette	VP Specialty Care Ops THPG	40.0	Officer	$310,160	$78,706	$388,866
NeurohrJeremy J	VP Primary Care Ops THPG	40.0	Officer	$310,001	$66,110	$376,111
RivasJose Antonio	Trustee/PHYS PRACTICE	40.0	Director	$300,107	$47,235	$347,342
BraxtonKenneth W	Assistant Secretary	39.5	Officer	$0	$38,671	$293,681
RickerRichard Douglas	Entity Finance Officer THPG	40.0	Officer	$176,087	$3,499	$179,586

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	$613,383,283	$872,122,012	$258,422,546	$-258,738,729
2022	$552,831,006	$813,928,948	$250,540,356	$-261,097,942
2021	$551,665,280	$761,976,909	$303,835,226	$-210,311,629
2020	$485,175,668	$700,274,548	$192,581,394	$-215,098,880
2019	$494,644,701	$692,903,289	$211,108,900	$-198,258,588
2018	$482,739,633	$668,962,740	$200,345,813	$-186,223,107

Texas Health Physicians Group