Texas Heart Medical Group
- Assets
- $16.4m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 70
- Location
- Houston, TX
- Founding
- Data as of
- 12/2022
- EIN
- 84-3475904
Organization Overview
Texas Heart Medical Group, operating under the name See Schedule O, is located in Houston, TX. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2022, See Schedule O employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 12/2022, See Schedule O generated $19.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $15.0m during the year ending 12/2022. While expenses have increased by 63.1% per year over the past 3 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
TO PROVIDE CUTTING-EDGE CARDIAC CARE TO DIAGNOSE, TREAT, AND PREVENT CARDIOVASCULAR DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS HEART MEDICAL GROUP (THMG) PROVIDES CUTTING-EDGE CARDIAC CARE TO DIAGNOSE, TREAT, AND PREVENT CARDIOVASCULAR DISEASES, PARTICIPATES IN SCIENTIFIC RESEARCH, AND SUPPORTS MEDICAL EDUCATION AND SCHOLARSHIP. THMG IS A MULTI-CULTURAL MEDICAL GROUP PRACTICE AFFILIATED WITH THE WORLD-RENOWNED TEXAS HEART INSTITUTE THAT SPECIALIZES IN COMPREHENSIVE CARDIOVASCULAR CARE, AND ITS PRACTICE INCLUDES 16 PHYSICIANS SPECIALIZING IN ALL AREAS OF CARDIAC CARE AND PERIPHERAL VASCULAR DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Rogers Chair | OfficerTrustee | 15 | $164,800 |
Emerson Perin Director | Trustee | 15 | $301,916 |
Alberto Lopez Director | Trustee | 40 | $797,745 |
D Richard Leachman Director | Trustee | 40 | $749,996 |
Stephanie Coulter Director | Trustee | 40 | $699,996 |
Eduardo Hernandez President | Officer | 40 | $786,916 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bracewell Llp Legal | 12/30/22 | $125,039 |
Allscripts Healthcare Information Technology | 12/30/22 | $142,796 |
Sp Plus Parking Parking Management | 12/30/22 | $111,398 |
Ecg Topco Holdings Llc Consulting | 12/30/22 | $104,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,248,786 |
| 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 | $11,248,786 |
| Total Program Service Revenue | $8,669,850 |
| Investment income | $0 |
| 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 | $19,918,636 |
| 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. | $3,546,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,655,149 |
| Pension plan accruals and contributions | $121,372 |
| Other employee benefits | $492,036 |
| Payroll taxes | $501,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,552 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,094 |
| Advertising and promotion | $53,549 |
| Office expenses | $165,427 |
| Information technology | $45,780 |
| Royalties | $0 |
| Occupancy | $920,323 |
| Travel | $17,519 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,862 |
| Insurance | $183,479 |
| All other expenses | $38,228 |
| Total functional expenses | $15,033,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,960,876 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $111,247 |
| Net Land, buildings, and equipment | $6,997,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,047,505 |
| Total assets | $16,403,692 |
| Accounts payable and accrued expenses | $2,523,639 |
| 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 | $6,326,008 |
| Total liabilities | $8,849,647 |
| Net assets without donor restrictions | $7,554,045 |
| Net assets with donor restrictions | $0 |
| 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 | $16,403,692 |