MHS Physicians of Texas (EIN 760385980) - 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

JAMES J MCCARTHY MD

Phone

7133384552

Tax Period

2022-07-01 to 2023-06-30

MHS Physicians of Texas, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $41.7M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $67.8M exceeded revenue, resulting in a 62% operating deficit.

Mission

THE DEVELOPMENT AND MANAGEMENT OF THE CLINICAL AND ADMINISTRATIVE OPERATIONS FOR AMBULATORY AND PRIMARY HEALTHCARE PHYSICIAN CLINICS OF MEMORIAL HERMANN HEALTH SYSTEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $517,415

Program Service Revenue $41,152,885

Investment Income $56,587

Other Revenue $0

TOTAL REVENUE $41,726,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,078,529

Fundraising Expenses $0

Program Expenses $66,652,620

Other Expenses $41,710,908

TOTAL EXPENSES $67,789,437

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,726,887	$48,491,607	-0.1%
Expenses	$67,789,437	$65,096,006	+0.0%
Net Income	$-26,062,550	$-16,604,399	+0.6%

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

157

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

$6,026,453

Total Directors

$2,082,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deborah Gordon	Secretary	1.0	Officer	$0	$252,924	$1,870,900
James McCarthy MD	President	1.0	Officer	$0	$250,785	$1,837,496
Geoffrey Zubay	Physician - Specialty	40.0	Highest	$1,768,183	$36,854	$1,805,037
George Al Shamy	Physician - Specialty	40.0	Highest	$1,620,216	$27,704	$1,647,920
Alec King	Treasurer	1.0	Officer	$0	$237,433	$1,625,762
Saman Javedan	Physician - Specialty	40.0	Highest	$1,002,973	$36,687	$1,039,660
Sebastian Herrera	Physician - Specialty	40.0	Highest	$985,253	$28,948	$1,014,201
Joseph Martinez	Physician	40.0	Highest	$877,319	$27,704	$905,023
Warren Shea	Assistant Secretary	1.0	Officer	$0	$113,580	$692,295
Philip Blum MD	Director	40.0	Director	$0	$36,024	$672,536
Doan Thuy Do MD	Director	40.0	Director	$0	$48,804	$440,895
Susan D Hutchins MD	Director	40.0	Director	$0	$43,150	$427,580
Laura L Whiteley MD	Director	40.0	Director	$0	$30,963	$322,789
Laura Armstrong MD	Former Director	0.0		$0	$44,525	$293,543
Monica Kalra DO	Director	40.0	Director	$0	$33,575	$218,764

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	No data	No data	No data	No data
2023	$41,726,887	$67,789,437	$8,780,216	$-26,062,550
2022	$48,491,607	$65,096,006	$10,663,067	$-16,604,399
2021	$55,871,833	$68,557,636	$17,241,755	$-12,685,803
2020	$44,763,260	$65,902,354	$10,917,077	$-21,139,094
2019	$69,283,675	$103,440,008	$10,605,490	$-34,156,333

MHS Physicians of Texas