Texas Medical Center
Texas Medical Center reported $141.5 million in revenue and $114.1 million in expenses for calendar year 2024. Of every $100 it spent, $77.15 went to program services, $22.85 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.7% of the total. The highest compensation it reported for one person was $3,184,810 (PRESIDENT). 42 people received more than $100,000 in reportable compensation. Revenue rose 26% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $114MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $142MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 22.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.9% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,184,810 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.79% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 42 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 62.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 of 14 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMulti-institutional collaboration become the world leader in health and life sciences by leveraging and promoting the collective power of tmc's renowned institutions, strategic partnerships and councils to serve the health, education and research needs of texas and the world
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.0 hrs/week | $3,117,227 | $0 | $67,583 | $3,184,810 |
| CFO Officer, 40.0 hrs/week | $870,548 | $0 | $34,500 | $905,048 |
| CHIEF OPERATING OFFICER Officer, 40.0 hrs/week | $819,916 | $0 | $67,583 | $887,499 |
| DIRECTOR INNOVATION INSTITUTE Officer, 40.0 hrs/week | $744,432 | $0 | $67,583 | $812,015 |
| VP, STRATEGY & ADMINISTRATION Officer, 40.0 hrs/week | $749,493 | $0 | $45,528 | $795,021 |
| VP, Strategy & New Ventures Officer, 40.0 hrs/week | $545,280 | $0 | $67,583 | $612,863 |
| VP, LEGAL Officer, 40.0 hrs/week | $459,283 | $0 | $67,583 | $526,866 |
| GENERAL COUNSEL Officer, 40.0 hrs/week | $381,150 | $0 | $67,583 | $448,733 |
42 people received more than $100,000 in reportable compensation from Texas Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $9.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5211
Correct a figure or respond
Every number above is copied from Texas Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Texas Medical Center, you can publish a response that is linked from this page.
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Of every $100 Texas Medical Center spent in 2024, $77.15 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vna Health Group of New Jersey LlcNeptune, NJ · revenue $141M · programs 72.0% · 2024
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- Fulton County Health CenterWauseon, OH · revenue $142M · programs 88.6% · 2024
- Mount Nittany Medical Center Health ServicesState College, PA · revenue $141M · programs 79.0% · FY2025
Questions people ask
How much of Texas Medical Center's spending goes to programs?
In calendar year 2024, Texas Medical Center reported that 77.1% of its $114.1 million in expenses went to program services, 22.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Texas Medical Center pay its top executive?
The largest total compensation Texas Medical Center reported for one person in calendar year 2024 was $3,184,810, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Texas Medical Center get its money?
Of $141.5 million in revenue in calendar year 2024, 1.9% came from contributions and grants and 81.7% from program service revenue (Form 990, Part VIII).
Is Texas Medical Center a registered charity?
The IRS lists EIN 74-1030788 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543169349302099 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433119349301653 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332989349302063 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222879349300437 · read the filing
- 2020: Form 990 for calendar year 2020, object 202142939349301509 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023079349300932 · read the filing
All filings for EIN 74-1030788: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.