Memorial Hermann Medical Group
- Assets
- $124.3m
- Revenue
- $270.8m
- Investments
- $0.0
- Employees
- 1,764
- Location
- Houston, TX
- Founding
- 10/2008
- Data as of
- 06/2022
- EIN
- 20-4923281
Organization Overview
Memorial Hermann Medical Group is located in Houston, TX. The organization was established in 2008. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Memorial Hermann Medical Group employed 1,764 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Hermann Medical Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Memorial Hermann Medical Group generated $270.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $366.0m during the year ending 06/2022. While expenses have increased by 16.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MHMG PROVIDES PRIMARY CARE FOR THOUSANDS OF HOUSTON-AREA FAMILIES. COMMITTED TO PRACTICING EVIDENCE-BASED MEDICINE AND DELIVERING PATIENT CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED BY MEMORIAL HERMANN IN 2006, MEMORIAL HERMANN MEDICAL GROUP (MHMG) BRINGS TOGETHER MANY OF HOUSTON'S LEADING PHYSICIANS UNDER ONE UMBRELLA ORGANIZATION. THE INDIVIDUAL AND GROUP PRACTICES THAT COMPRISE MEMORIAL HERMANN MEDICAL GROUP REPRESENT PRIMARY CARE PHYSICIANS AND SPECIALISTS WHO SHARE A COMMON VISION - TO PROVIDE THE HIGHEST LEVEL OF QUALITY CARE TO THEIR PATIENTS. MHMG'S HIGHLY QUALIFIED HEALTHCARE PROVIDERS PRACTICE EVIDENCE-BASED MEDICINE IN MORE THAN 60 LOCATIONS THROUGHOUT THE GREATER HOUSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadim S Jafri Physician - Specialty | 40 | $2,205,923 | |
Deborah Gordon Secretary | Officer | 1 | $0 |
James Mccarthy MD President | Officer | 1 | $0 |
Alec King Treasurer | Officer | 1 | $0 |
Andrew A Selzman Physician - Specialty | 40 | $1,137,550 | |
Shaheryar Siddiqui Physician - Specialty | 40 | $1,096,432 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
3m Health Information Systems Inc Contract Services | 6/29/22 | $3,831,386 |
Athena Health Inc Claims Management | 6/29/22 | $7,975,702 |
Xtend Healthcare Llc Consulting Services | 6/29/22 | $789,909 |
Merdian Constructors Llc Construction Service | 6/29/22 | $707,476 |
Maxim Healthcare Services Inc Contract Staffing | 6/29/22 | $529,345 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $239,354,618 |
| Investment income | $5,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $270,760,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,217,774 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,109,839 |
| Pension plan accruals and contributions | $10,164,243 |
| Other employee benefits | $13,812,082 |
| Payroll taxes | $12,594,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,279 |
| Fees for services: Accounting | $972,121 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,667,266 |
| Advertising and promotion | $42,996 |
| Office expenses | $1,391,833 |
| Information technology | $5,164,841 |
| Royalties | $0 |
| Occupancy | $22,362,120 |
| Travel | $268,928 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,728 |
| Interest | $4,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,527,042 |
| Insurance | $3,401,530 |
| All other expenses | $729,423 |
| Total functional expenses | $365,994,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,602 |
| Savings and temporary cash investments | $4,608,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,994,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $388,120 |
| Net Land, buildings, and equipment | $88,309,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,016,875 |
| Other assets | $0 |
| Total assets | $124,318,962 |
| Accounts payable and accrued expenses | $46,889,104 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $825,643,203 |
| Total liabilities | $872,532,307 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | -$748,213,345 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $124,318,962 |