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Texas Heart Medical Group

Also known as See Schedule O

Houston, TX · EIN 84-3475904 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Texas Heart Medical Group reported $19.7 million in revenue and $19.7 million in expenses for calendar year 2024. Of every $100 it spent, $100.00 went to program services, $0.00 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: 58.8% of the total. The highest compensation it reported for one person was $1,053,345 (Chair, Physician). 23 people received more than $100,000 in reportable compensation. Revenue rose 346% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20M

For context, the median across 314 covered diseases, disorders & medical disciplines charities: $88.73 programs, $10.89 management, $0.38 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 $20M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 314 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
100.0%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%10.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
41.2%24.7%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.6%
Program service revenue share
Part VIII 2g ÷ 12
58.8%59.5%
Highest reported compensation
Part VII-A, columns D–F
$1,053,345$391,657
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.35%1.45%
People paid over $100,000
Part VII, line 2
2310
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
4.17.6
Independent voting board members
Part VI 1a–1b
0 of 5100.0%

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 expense
$20M expenses · 100.0% of program spending · revenue $12M

Texas Heart Medical Group (THMG) provides cutting-edge cardiac care to diagnose, treat, and prevent cardiovascular diseases, participates in scientific research, and supports medical education and scholarship. THMG is a multi-cultural medical group practice affiliated with the world-renowned Texas Heart Institute that specializes in comprehensive cardiovascular care. Its practice includes 16 physicians specializing in all areas of cardiac care and peripheral vascular disease

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Chair, Physician
Director/trustee, officer, 15.00 hrs/week
$164,554$868,222$20,569$1,053,345
Director, Physician
Director/trustee, 15.00 hrs/week
$474,112$543,200$26,286$1,043,598
Director, Physician
Director/trustee, 40.00 hrs/week
$846,224$0$34,564$880,788
Physician
Highest compensated employee, 40.00 hrs/week
$787,466$0$10,040$797,506
Director, Physician
Director/trustee, 40.00 hrs/week
$756,634$0$34,673$791,307
President, Physician
Officer, 40.00 hrs/week
$762,336$0$25,600$787,936
Director, Physician
Director/trustee, 40.00 hrs/week
$723,429$0$8,169$731,598
Physician
Highest compensated employee, 40.00 hrs/week
$685,629$0$19,815$705,444

23 people received more than $100,000 in reportable compensation from Texas Heart Medical Group (Part VII, line 2). Compensation of current officers, directors and key employees totaled $952K (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M20202021202220232024$20M$20M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$20M$20M100.0%$6.8M$1,053,345
2023 ⓘ$19M$19M100.0%$6.8M$1,048,328
2022 ⓘ$20M$15M100.0%$7.6M$933,203
2021 ⓘ$14M$12M100.0%$2.7M$880,162
2020 ⓘ$4.4M$3.5M100.0%$953K$370,412

Governance 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–1b5 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • 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 4No
  • 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 584

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
Enhanced Revenue Solutions Inc
Medical billing services
$336,623
SP Plus Parking
Parking management
$175,977

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Texas Heart Medical Group'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 Heart Medical Group, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All diseases, disorders & medical disciplines charities · Largest charities in Texas

Questions people ask

How much of Texas Heart Medical Group's spending goes to programs?

In calendar year 2024, Texas Heart Medical Group reported that 100.0% of its $19.7 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Texas Heart Medical Group pay its top executive?

The largest total compensation Texas Heart Medical Group reported for one person in calendar year 2024 was $1,053,345, for the role of Chair, Physician (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Texas Heart Medical Group get its money?

Of $19.7 million in revenue in calendar year 2024, 41.2% came from contributions and grants and 58.8% from program service revenue (Form 990, Part VIII).

Is Texas Heart Medical Group a registered charity?

The IRS lists EIN 84-3475904 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 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 202523219349318277 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202520349349301532 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323199349308932 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233139349302773 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103169349305645 · read the filing

All filings for EIN 84-3475904: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.