Meharry Medical College
62% goes to programs $4 to raise $100 Strong reserves
Meharry Medical College is a 501(c)(3) organization based in Nashville, Tennessee, registered in 1937, with $239,291,509 in FY2023 revenue. CharityIndex grades it A, and it directs about 62% of spending to programs.
1005 Db Todd Blvd, Nashville, TN, 37208 EIN 62-0488046 Since 1937
Revenue (FY2023)
$239.3M
▲ 14.3% vs prior year
Education median: $200K
Expenses (FY2023)
$219.7M
Net assets
$362.6M
Employees
1,326
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating62% to programs · $4 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Meharry Medical College: 62% to programs · $4 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Meharry Medical College: 20 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Meharry Medical College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Meharry Medical College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To improve the health and healthcare of minority and underserved communities by offering excellent education and training programs in the health sciences; delivering high quality health services; and advancing health equity through innovative research that fosters the elimination of health disparities.
What they do
Health care delivery and management, general/other: general healthcare delivery, primary and specialty care, dental and mental healthcare. (number of patient encounters in the year: 71,891).
Medical research, general/other: the organization does research in a number of major areas (cancer, cardiovascular, neuroscience, seat belt safety, along with research training, and hiv disease, infectious disease, women's health, community engagement) with a primary focus on health disparities research. (number of new grants for the year: 48).
Public, society benefit programs, general/other: funds expended for activities that are established primarily to provide non-instructional services beneficial to individuals and groups external to the institution. cost of providing health services to the community. (number of patient encounters for year: 71,891).
Contact & location
- Address
- 1005 Db Todd Blvd, Nashville, TN, 37208
- City
- Nashville
- State
- Tennessee
- Category
- Education
- Subcategory
- Graduate & Professional Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $149.0M (FY2013) to $239.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $122.1MNet assets $362.6M
Operating margin
8.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$484.7M
Total liabilities
$122.1M
Net assets
$362.6M
Salaries & benefits
$111.1M
51% of expenses
Board members
27
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $239,291,509▲14.3% | $219,707,320▲9.5% | $362,638,353▲5.7% | $484,692,786▲7.2% | 990 |
| 2022 | $209,440,155▲4.4% | $200,660,969▲3.1% | $343,054,164▲2.7% | $451,952,769▲9.6% | 990 |
| 2021 | $200,654,112▼23.1% | $194,548,027▲21.2% | $333,970,178▲1.9% | $412,525,133▲5.0% | 990 |
| 2020 | $260,837,008▲88.2% | $160,495,881▲14.9% | $327,864,093▲44.1% | $393,027,598▲12.8% | 990 |
| 2019 | $138,574,878▼1.3% | $139,693,124▲5.2% | $227,522,966▼0.5% | $348,476,315▼4.3% | 990 |
| 2018 | $140,441,734▼6.1% | $132,801,576▼10.2% | $228,641,212▲3.5% | $364,085,767▲2.1% | 990 |
| 2017 | $149,605,310▼3.5% | $147,925,620▲0.6% | $221,001,054▲0.8% | $356,543,283▲1.0% | 990 |
| 2016 | $155,017,877▲24.3% | $146,991,641▲18.5% | $219,321,364▲3.8% | $352,937,007▲2.0% | 990 |
| 2015 | $124,735,152▼4.2% | $124,024,630▼1.8% | $211,295,130▲0.3% | $346,086,617▼0.8% | 990 |
| 2014 | $130,190,947▼12.6% | $126,323,744▼7.3% | $210,584,608▲1.9% | $348,741,048▲4.1% | 990 |
| 2013 | $149,036,015 | $136,313,918▲1.3% | $206,717,405▲6.6% | $334,985,972▲11.0% | 990 |
| 2012 | — | $134,572,415▼4.0% | $193,995,308▲11.1% | $301,749,221▲14.0% | 990 |
| 2011 | — | $140,240,098▲1.1% | $174,659,365▲7.9% | $264,685,873▲5.1% | 990 |
| 2010 | — | $138,782,332▲2.3% | $161,937,130▲16.3% | $251,881,027▲6.5% | 990 |
| 2009 | — | $135,688,559 | $139,275,020 | $236,456,050 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Lamel Bandy-neal — $888,612 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lamel Bandy-neal | Senior Vp Finance / Cfo | 40 | $888,612 |
| James E K Hildreth | President/ceo | 40 | $856,746 |
| Michelle Nichols | Senior Vp Clinical Affairs and Gme | 40 | $572,095 |
| Jeannette South-paul | Exec Vp and Provost/ Former Trustee | 40 | $550,000 |
| Peter E Millet | Executive Vice President | 40 | $482,245 |
| Ivanetta D Samuels | Senior Vp/ General Counsel | 40 | $473,247 |
| Anil Shanker | Sr Vice President Research and Innovation | 40 | $466,194 |
| Charae Farmer | Dean School of Dentistry | 40 | $461,384 |
| Carlton Adams | Chair Surgery/trustee | 40 | $439,660 |
| Daniel Dawes | Svp/ Exec Director School of Global Health | 40 | $428,869 |
| Muyiwa Adedokun | Asst Professor Surgery | 40 | $400,818 |
| Digna S Forbes | Interim Dean School of Medicine | 40 | $390,339 |
| Merry Lindsey | Dean School of Graduate Studies | 40 | $381,499 |
| Fortune Mhlanga | Dean School of Applied Computational Sciences | 40 | $366,726 |
| Richard Fremont | Chair Internal Medicine | 40 | $342,195 |
| Lloyda Williamson | Chair Psychiatry | 40 | $341,530 |
| Asiyanbola Bolanle | Asst Professor Surgery | 40 | $337,363 |
| Saletta Holloway | Asst Corp Sec /svp Board Relations | 40 | $258,150 |
| Duane Smoot | Professor Internal Medicine | 40 | $235,269 |
| Sonja Harris-haywood | Dean School of Medicine | 40 | $231,369 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mojo Marketing and Pr | Marketing and Events Management Services | $501,000 |
| Hewlett-packard Financial Services | Financial Services | $499,269 |
| Baker Donelson Bearmen | Legal Services | $435,915 |
| Susanne Tropez-sims | Faculty Consultant | $226,200 |
| Ionidea | Revenue Cycle Services | $181,890 |
Grants received · $53.1M total
192 grants to Meharry Medical College totaling $53.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Charities Aid Foundation America | Charitable donation | 2024 | $588,082 |
| Community Foundation For Southeast Michigan | Education | 2024 | $360,715 |
| American Heart Association Inc | Research | 2024 | $44,773 |
| American Online Giving Foundation Inc | General support | 2024 | $21,564 |
| American Endowment Foundation | Educational | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $15,000 |
| Thurgood Marshall College Fund Inc | Institutional grant | 2024 | $12,500 |
| Second Harvest Food Bank of Middle Tennessee Inc | To assist in feeding those in need | 2024 | $11,263 |
| The Community Fdn of Middle Tn Inc | Donation | 2024 | $9,394 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $9,300 |
| Vanderbilt University Medical Center | General | 2023 | $2,968,566 |
| Charities Aid Foundation America | Charitable donation | 2023 | $573,641 |
| Ascension Foundation | General support | 2023 | $511,225 |
| Community Foundation For Southeast Michigan | Education | 2023 | $350,810 |
| New Venture Fund | Technology and innovation | 2023 | $179,709 |
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Compare Meharry Medical College
Frequently asked questions
- Is Meharry Medical College a legitimate nonprofit?
- Yes. Meharry Medical College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0488046, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Meharry Medical College's EIN?
- Meharry Medical College's Employer Identification Number (EIN) is 62-0488046.
- How much revenue does Meharry Medical College report?
- Meharry Medical College reported $239,291,509 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Meharry Medical College's spending goes to programs?
- Meharry Medical College spends about 62% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Meharry Medical College have?
- CharityIndex grades Meharry Medical College A, based on program efficiency and fundraising cost.
- How much does Meharry Medical College's highest-paid employee make?
- The highest reported compensation on Meharry Medical College's latest Form 990 is $888,612, paid to Lamel Bandy-neal (Senior Vp Finance / Cfo).
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Explore more
Data for Meharry Medical College (EIN 62-0488046) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.