Southwestern Medical Foundation
90% goes to programs $3 to raise $100 Strong reserves Growing revenue
Southwestern Medical Foundation is a 501(c)(3) organization based in Dallas, Texas, registered in 1940, with $183,069,250 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
3889 Maple Ave Ste 100, Dallas, TX, 75219 EIN 75-0945939 Since 1940
Revenue (FY2024)
$183.1M
▲ 151.5% vs prior year
Education median: $200K
Expenses (FY2024)
$55.3M
Net assets
$1.3B
Employees
17
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating90% to programs · $3 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 Southwestern Medical Foundation: 90% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating278 mo reserves · +70% 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 Southwestern Medical Foundation: 278 mo reserves · +70% margin earns a B+ 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 Southwestern Medical Foundation: 6 of 6 checks met earns a A+ 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 Southwestern Medical Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Southwestern medical foundation (the "foundation") was organized in 1939 as a texas non-profit corporation, committed to the development and improvement of medical education, medical research and patient care in the north texas community and throughout the world. in 1943, the foundation established southwestern medical college, now known as ut southwestern medical center (the "center"). the foundation continues to raise and manage private philanthropic dollars primarily for continued support of the center through grants and scholarships.
Contact & location
- Address
- 3889 Maple Ave Ste 100, Dallas, TX, 75219
- City
- Dallas
- State
- Texas
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.7M (FY2013) to $183.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.4MNet assets $1.3B
Operating margin
69.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$11.4M
Net assets
$1.3B
Salaries & benefits
$2.6M
5% of expenses
Board members
87
87 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $183,069,250▲152% | $55,305,025▲6.7% | $1,279,269,013▲7.6% | $1,290,642,191▲7.6% | 990 |
| 2023 | $72,790,697▼8.1% | $51,850,614▼36.1% | $1,188,693,685▲6.4% | $1,199,963,212▲6.9% | 990 |
| 2022 | $79,182,549▼40.5% | $81,194,379▲48.9% | $1,117,324,067▼14.9% | $1,123,003,167▼14.8% | 990 |
| 2021 | $133,001,887▲340% | $54,537,915▲37.7% | $1,312,793,793▲18.1% | $1,318,497,986▲17.8% | 990 |
| 2020 | $30,251,588▼40.6% | $39,615,826▲17.9% | $1,111,772,705▲11.0% | $1,119,151,350▲11.1% | 990 |
| 2019 | $50,953,403▼40.1% | $33,595,280▼9.1% | $1,001,296,109▲12.0% | $1,007,095,047▲11.9% | 990 |
| 2018 | $85,008,274▲21.9% | $36,956,167▼1.8% | $893,912,848▼3.4% | $899,668,915▼3.4% | 990 |
| 2017 | $69,734,165▲16.7% | $37,636,595▼0.2% | $925,027,876▲13.0% | $931,439,069▲13.0% | 990 |
| 2016 | $59,761,492▼19.4% | $37,693,736▲4.1% | $818,707,683▲5.9% | $824,050,479▲5.2% | 990 |
| 2015 | $74,160,691▲72.3% | $36,223,071▼79.0% | $773,261,001▼3.8% | $783,332,251▼4.3% | 990 |
| 2014 | $43,030,167▼31.4% | $172,692,560▲437% | $804,207,954▼13.6% | $818,622,003▼12.8% | 990 |
| 2013 | $62,684,985 | $32,155,990▲13.5% | $931,232,835▲12.8% | $939,069,926▲11.3% | 990 |
| 2012 | — | $28,329,963▼5.9% | $825,484,338▲7.1% | $843,717,989▲8.4% | 990 |
| 2011 | — | $30,120,576▲40.8% | $770,859,647▲2.2% | $778,076,953▲2.4% | 990 |
| 2010 | — | $21,393,663 | $753,909,521 | $759,480,349 | 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 (FY2024)
Highest-paid: Michael Mcmahan — $441,583 (0.80% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Mcmahan | President and Ceo | 40 | $441,583 |
| Sarah Fletcher | Chief Financial Officer | 40 | $263,000 |
| Trae Holmes | Senior Director of Account | 40 | $165,278 |
| Emily Davis | Corporate Secretary | 40 | $150,040 |
| Stephanie Vidikan | Senior Director of Operations | 40 | $148,350 |
| Brittany Lebling | Director of Communications | 40 | $136,062 |
| Blake Evans | Director of Donor Relations | 40 | $110,920 |
| Raphael Foster | Senior Financial Analyst and Treasury Manager | 40 | $108,304 |
| Alfreda B Norman | Trustee | 0.25 | — |
| Amy Mcknight | Trustee | 0.25 | — |
| Andersen C Fisher | Trustee | 0.25 | — |
| Bob Jordan | Trustee | 0.25 | — |
| Bonnie Bass Smith | Trustee | 0.25 | — |
| Brian Schultz | Trustee | 0.25 | — |
| Caren Kline | Trustee | 0.25 | — |
| Carter Montgomery | Trustee | 0.25 | — |
| Cate Ford | Trustee | 0.25 | — |
| Catherine M Rose | Trustee | 0.25 | — |
| Charles W Matthews | Trustee | 0.25 | — |
| Charmaine Tang | Trustee | 0.25 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ldww Group Marketing Communications LP | Marketing Services | $402,482 |
| Fund Evaluation Group | Investment Management | $399,588 |
| People Performance Resources LLC | Hr Management Services | $393,381 |
| Northern Trust Company | Investment Management | $384,406 |
| Affinaquest Technologies LLC | Data Management | $288,421 |
Grants received · $15.4M total
166 grants to Southwestern Medical Foundation totaling $15.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $688,242 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $121,500 |
| The Dallas Foundation | General support | 2024 | $107,000 |
| American Online Giving Foundation Inc | General support | 2024 | $31,860 |
| American Endowment Foundation | Educational | 2024 | $26,000 |
| American Gift Fund | Operations | 2024 | $25,000 |
| Community Foundation of North Texas | For neuro-metabolic disease research in appreciation of drs. m. blaw and c. mize | 2024 | $10,950 |
| Tulsa Community Foundation | General operations | 2024 | $6,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $1,116,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $337,191 |
| Childrens Medical Center Foundation | Program operations | 2023 | $250,000 |
| Donor Advised Charitable Giving | Education | 2023 | $108,000 |
| The Dallas Foundation | General support | 2023 | $68,500 |
| National Philanthropic Tr | Education | 2023 | $51,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $43,450 |
Grants made · $47.3M in FY2024
61 grants totaling $47.3M in FY2024 — showing the 15 largest. All grants made by Southwestern Medical Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Ut Southwestern | Summer 2024 semi-annual 4.5% distributions | $17,475,561 |
| Ut Southwestern | Spring 2024 semi-annual 4.5% distributions | $17,345,872 |
| Ut Southwestern | To support key activities at ut southwestern medical school | $2,127,101 |
| Cancer Prevention Initiative Inc | Cancer prevention initiative | $1,595,000 |
| Ut Southwestern | To support initiatives of the peter o'donnell, jr. brain institute | $1,380,000 |
| Ut Southwestern | To support the harold c. simmons comprehensive cancer center | $1,000,040 |
| Ut Southwestern | Mary r. saner endowment fund annual 4% distribution to be applied to outstanding hospital bills for indigent elderly patients | $677,048 |
| Ut Southwestern | To support the o'donnell brain institute | $572,440 |
| Ut Southwestern | To support various initiatives at utsw | $537,996 |
| Ut Southwestern | To support the expansion of an operating room "black box" | $500,000 |
| Ut Southwestern | To support gulf war syndrome research | $500,000 |
| Ut Southwestern | To support research in the area of prostate cancer under the direction of dr. kevin courtney and in collaboration with the genitourinary disease oriented team of the ut southwestern harold c. simmons comprehensive cancer center for the purpose of coordinating clinical trials to advance re of patients with prostate cancer | $500,000 |
| Ut Southwestern | To support ut southwestern clinical service initiative (excellence in clinical practice) | $300,000 |
| Parkland Foundation | Community event | $252,500 |
| Ut Southwestern | To support new equipment for alzheimer's research | $250,000 |
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Frequently asked questions
- Is Southwestern Medical Foundation a legitimate nonprofit?
- Yes. Southwestern Medical Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-0945939, based in Dallas, Texas. Donations are tax-deductible.
- What is Southwestern Medical Foundation's EIN?
- Southwestern Medical Foundation's Employer Identification Number (EIN) is 75-0945939.
- How much revenue does Southwestern Medical Foundation report?
- Southwestern Medical Foundation reported $183,069,250 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Southwestern Medical Foundation's spending goes to programs?
- Southwestern Medical Foundation spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southwestern Medical Foundation have?
- CharityIndex grades Southwestern Medical Foundation A, based on program efficiency and fundraising cost.
- How much does Southwestern Medical Foundation's highest-paid employee make?
- The highest reported compensation on Southwestern Medical Foundation's latest Form 990 is $441,583, paid to Michael Mcmahan (President and Ceo).
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Data for Southwestern Medical Foundation (EIN 75-0945939) 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.