Memorial Hermann Pharmacy Services LLC
100% goes to programs Thin reserves Growing revenue
Memorial Hermann Pharmacy Services LLC is a 501(c)(3) organization based in Houston, Texas, registered in 2018, with $125,246,973 in FY2023 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
929 Gessner Rd Ste 1900, Houston, TX, 77024 EIN 20-2184459 Since 2018
Revenue (FY2023)
$125.2M
▲ 1.6% vs prior year
Health median: $840K
Expenses (FY2023)
$122.8M
Net assets
$5.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
A+Program efficiency40% of the rating100% to programs
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 Memorial Hermann Pharmacy Services LLC: 100% to programs earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +2% 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 Memorial Hermann Pharmacy Services LLC: 1 mo reserves · +2% margin earns a C+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Memorial Hermann Pharmacy Services LLC: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Memorial Hermann Pharmacy Services LLC: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Memorial hermann health system is a nonprofit, values-driven, community-owned health system dedicated to improving health.
Contact & location
- Address
- 929 Gessner Rd Ste 1900, Houston, TX, 77024
- City
- Houston
- State
- Texas
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $30.1M (FY2018) to $125.2M (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $17.2MNet assets $5.3M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$22.5M
Total liabilities
$17.2M
Net assets
$5.3M
Salaries & benefits
$8.1M
7% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $125,246,973▲1.6% | $122,758,078▲4.8% | $5,288,558▲88.9% | $22,511,114▼9.9% | 990 |
| 2022 | $123,231,943▲12.6% | $117,178,144▲10.4% | $2,799,663▲186% | $24,971,636▲8.2% | 990 |
| 2021 | $109,467,672▲18.3% | $106,113,284▲17.2% | -$3,254,136▲50.8% | $23,074,332▼22.4% | 990 |
| 2020 | $92,541,796▲74.6% | $90,509,130▲70.2% | -$6,608,524▲23.5% | $29,741,846▲70.1% | 990 |
| 2019 | $53,006,744▲75.8% | $53,178,686▲54.7% | -$8,641,190▼2.0% | $17,482,475▲111% | 990 |
| 2018 | $30,145,002 | $34,374,724 | -$8,469,248 | $8,272,977 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Binita Patel | Secretary | 40 | — |
| David L Callender Md | President | 1 | — |
| Deborah Gordon | Director | 1 | — |
| Joshua Urban | Vice President | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Prohealth Pharmacy Solutions Inc | Contract Services | $822,260 |
| Wellsky Corporation | Contract Services | $312,060 |
| Therigy LLC | Contract Services | $165,484 |
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Frequently asked questions
- Is Memorial Hermann Pharmacy Services LLC a legitimate nonprofit?
- Yes. Memorial Hermann Pharmacy Services LLC is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-2184459, based in Houston, Texas. Donations are tax-deductible.
- What is Memorial Hermann Pharmacy Services LLC's EIN?
- Memorial Hermann Pharmacy Services LLC's Employer Identification Number (EIN) is 20-2184459.
- How much revenue does Memorial Hermann Pharmacy Services LLC report?
- Memorial Hermann Pharmacy Services LLC reported $125,246,973 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Memorial Hermann Pharmacy Services LLC's spending goes to programs?
- Memorial Hermann Pharmacy Services LLC spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hermann Pharmacy Services LLC have?
- CharityIndex grades Memorial Hermann Pharmacy Services LLC B+, based on program efficiency and fundraising cost.
- How much does Memorial Hermann Pharmacy Services LLC's highest-paid employee make?
- The highest reported compensation on Memorial Hermann Pharmacy Services LLC's latest Form 990 is $0, paid to Binita Patel (Secretary).
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Data for Memorial Hermann Pharmacy Services LLC (EIN 20-2184459) 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.