Texas Medical Center
77% goes to programs $0 to raise $100 Strong reserves Growing revenue
Texas Medical Center is a 501(c)(3) organization based in Houston, Texas, registered in 1948, with $141,502,264 in FY2024 revenue. CharityIndex grades it A, and it directs about 77% of spending to programs.
2450 Holcombe Blvd Ste 1, Houston, TX, 77021 EIN 74-1030788 Since 1948
Revenue (FY2024)
$141.5M
▲ 10.8% vs prior year
Health median: $840K
Expenses (FY2024)
$114.1M
Net assets
$593.0M
Employees
211
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating77% to programs · $0 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 Texas Medical Center: 77% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating62 mo reserves · +19% 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 Texas Medical Center: 62 mo reserves · +19% 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 Texas Medical Center: 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 Texas Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule o
What they do
Business services provides services, such as parking, hospitality, leasing, and police services, to tmc member institutions, employees, visitors and the community.
Campus development of our land and campus for institutional plans and urban planning to promote and provide support and police security for our member institutes, patients and visitors. maintains the infrastructure for the shared, centrally managed campus, providing maintenance for its streets, sidewalks, green space, and shared commons space.
Contact & location
- Address
- 2450 Holcombe Blvd Ste 1, Houston, TX, 77021
- City
- Houston
- State
- Texas
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $89.3M (FY2013) to $141.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $310.0MNet assets $593.0M
Operating margin
19.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$903.1M
Total liabilities
$310.0M
Net assets
$593.0M
Salaries & benefits
$29.3M
26% of expenses
Board members
14
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $141,502,264▲10.8% | $114,143,820▲15.6% | $593,040,586▼3.8% | $903,057,976▼7.2% | 990 |
| 2023 | $127,663,247▲17.8% | $98,774,585▲12.5% | $616,527,429▲10.5% | $972,764,617▲5.9% | 990 |
| 2022 | $108,399,620▲4.9% | $87,827,153▲15.6% | $558,017,506▲8.4% | $918,301,363▲17.9% | 990 |
| 2021 | $103,358,292▼15.9% | $75,977,414▼20.6% | $514,564,680▲11.3% | $778,839,155▲8.1% | 990 |
| 2020 | $122,868,358▲9.0% | $95,728,185▲30.3% | $462,521,233▲14.8% | $720,808,962▲35.6% | 990 |
| 2019 | $112,738,455▲3.9% | $73,479,200▲11.1% | $402,777,840▲17.8% | $531,687,360▲13.8% | 990 |
| 2018 | $108,466,011▲11.1% | $66,147,427▼11.3% | $341,929,219▲4.9% | $467,188,780▲0.7% | 990 |
| 2017 | $97,600,271▲2.4% | $74,599,054▲7.4% | $326,099,159▲12.9% | $464,148,148▲4.5% | 990 |
| 2016 | $95,281,983▼11.1% | $69,476,047▼8.3% | $288,836,161▲12.8% | $444,103,810▲4.4% | 990 |
| 2015 | $107,202,955▲24.2% | $75,774,572▲14.2% | $256,121,610▲2.4% | $425,425,803▼0.9% | 990 |
| 2014 | $86,322,763▼3.3% | $66,327,007▼10.5% | $250,018,973▲14.2% | $429,430,667▲4.7% | 990 |
| 2013 | $89,291,666 | $74,128,330▲6.0% | $219,016,533▲10.5% | $410,227,791▼1.5% | 990 |
| 2012 | — | $69,962,148▼3.4% | $198,177,696▲10.8% | $416,668,745▲0.7% | 990 |
| 2011 | — | $72,429,632▼2.5% | $178,851,917▲14.7% | $413,840,200▲1.7% | 990 |
| 2010 | — | $74,275,380 | $155,940,148 | $406,988,855 | 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: William Mckeon — $3,117,227 (2.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Mckeon | President | 40 | $3,117,227 |
| Denise Castillo-rhodes | Cfo | 40 | $870,548 |
| Isaac Middleton | Chief Operating Officer | 40 | $819,916 |
| Ashley Mcphail | Vp, Strategy & Administration | 40 | $749,493 |
| Thomas Luby | Director Innovation Institute | 40 | $744,432 |
| Marcus Nelson | Vp, Strategy & New Ventures | 40 | $545,280 |
| Brian Luneau | Vp, Legal | 40 | $459,283 |
| Santos Gonzalez-hinojosa | General Counsel | 40 | $381,150 |
| John Wolter | Chief of Police & Technology | 40 | $369,903 |
| Tatum Martens | Vp Marketing | 40 | $336,544 |
| Kristen Kupperman | Vp, Real Estate Development | 40 | $327,172 |
| Abbey Roberson | Vp, Planner | 40 | $296,803 |
| Judith Gersh | Controller | 40 | $273,705 |
| Lawrence Jones | Dir. Finance | 40 | $268,356 |
| Emily Reiser | Assoc. Director, Innovation | 40 | $257,796 |
| Jason Sakamoto | Assoc. Director | 40 | $255,791 |
| Alan R Buckwalter III | Director | 1 | — |
| Alexandra Pruner | Director, Vice Chairman | 1 | — |
| Anthony R Chase | Director | 1 | — |
| Bradley N Howell | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Tellepsen Builders LP | Construction Svcs | $17,964,171 |
| Jones Lang Lasalle Americas Inc | Maintenance Services | $15,591,707 |
| Laz Karp Associates LLC | Parking Mgmt Svcs | $13,179,011 |
| Jtvaughn Construction LLC | Construction Svcs | $12,156,368 |
| Marsh USA Inc | Brokerage Fee | $3,354,036 |
Grants received · $55K total
6 grants to Texas Medical Center totaling $55K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Methodist Hospital | Assist w improving surgical science | 2018 | $7,750 |
| Texas Childrens Hospital | Support non-profit philanthropic org | 2017 | $10,000 |
| The Methodist Hospital | Assist w improving surgical science | 2017 | $7,500 |
| Texas Childrens Hospital | Support non-profit philanthropic org | 2015 | $10,000 |
| The Methodist Hospital | Commnuity assistance | 2015 | $10,000 |
| National Philanthropic Tr | Education | 2014 | $10,000 |
Grants made · $1.8M in FY2024
2 grants totaling $1.8M in FY2024. All grants made by Texas Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Medical Center Foundation | General support of ongoing programs | $1,198,278 |
| Ut Health Houston | Scholarships | $600,000 |
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Frequently asked questions
- Is Texas Medical Center a legitimate nonprofit?
- Yes. Texas Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-1030788, based in Houston, Texas. Donations are tax-deductible.
- What is Texas Medical Center's EIN?
- Texas Medical Center's Employer Identification Number (EIN) is 74-1030788.
- How much revenue does Texas Medical Center report?
- Texas Medical Center reported $141,502,264 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Texas Medical Center's spending goes to programs?
- Texas Medical Center spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Texas Medical Center have?
- CharityIndex grades Texas Medical Center A, based on program efficiency and fundraising cost.
- How much does Texas Medical Center's highest-paid employee make?
- The highest reported compensation on Texas Medical Center's latest Form 990 is $3,117,227, paid to William Mckeon (President).
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Data for Texas Medical Center (EIN 74-1030788) 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.