Memorial Hermann Medical Group
Memorial Hermann Medical Group consistently operates at a significant deficit, with expenses far exceeding revenue.
EIN: 204923281 · Houston, TX · NTEE: E30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $305.4M |
| Total Expenses | $388.1M |
| Program Spending | 90% |
| Net Assets | $-871,363,419 |
| Transparency Score | 60/100 |
Is Memorial Hermann Medical Group Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hermann Medical Group directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hermann Medical Group
Memorial Hermann Medical Group (EIN: 204923281) is a nonprofit organization based in Houston, TX, classified under NTEE code E30. The organization reported total revenue of $305.4M and total assets of $124.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hermann Medical Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hermann Medical Group is a major nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265.0M |
| Total Expenses | $388.1M |
| Surplus / Deficit | $-123,150,074 |
| Total Assets | $126.4M |
| Total Liabilities | $997.7M |
| Net Assets | $-871,363,419 |
| Operating Margin | -46.5% |
| Debt-to-Asset Ratio | 789.5% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2023, Memorial Hermann Medical Group reported a deficit of $123.2M with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 789.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Memorial Hermann Medical Group's revenue has grown at a compound annual growth rate (CAGR) of 22.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +6.0% | +1.6% |
| 2022 | +2.9% | +3.5% | -7.6% |
| 2021 | +21.7% | +8.8% | +10.6% |
| 2020 | +32.7% | +28.0% | +83.3% |
| 2019 | +16.6% | +16.9% | +40.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Memorial Hermann Medical Group with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Memorial Hermann Medical Group allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $123.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 789.5%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation, which suggests that executive salaries are either not paid by this specific entity or are reported under a different structure within the larger Memorial Hermann system. This makes it difficult to assess executive compensation relative to the organization's size and financial performance based solely on these filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Memorial Hermann Medical Group's IRS 990 filings:
- Consistent and substantial operating deficits, with expenses significantly exceeding revenue in every reported period.
- Rapid increase in liabilities, reaching nearly $1 billion in 2023, which is significantly higher than assets.
- Lack of reported officer compensation (0%) in the provided filings, which could obscure the true cost of executive leadership.
Strengths
The following positive indicators were identified for Memorial Hermann Medical Group:
- Consistent growth in revenue over the past decade, from $89 million in 2014 to $264 million in 2023.
- Significant asset growth, from $24 million in 2014 to $126 million in 2023, indicating investment in infrastructure or operations.
Frequently Asked Questions about Memorial Hermann Medical Group
Is Memorial Hermann Medical Group a legitimate charity?
Memorial Hermann Medical Group (EIN: 204923281) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $305.4M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Memorial Hermann Medical Group spend its money?
Memorial Hermann Medical Group directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Memorial Hermann Medical Group tax-deductible?
Memorial Hermann Medical Group is registered as a tax-exempt nonprofit (EIN: 204923281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Memorial Hermann Medical Group's spending goes to programs?
Memorial Hermann Medical Group directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Memorial Hermann Medical Group compare to similar nonprofits?
With a transparency score of 60/100 (Good), Memorial Hermann Medical Group is above average for NTEE category E30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Hermann Medical Group located?
Memorial Hermann Medical Group is headquartered in Houston, Texas and files with the IRS under EIN 204923281. It is classified under NTEE code E30.
How many years of IRS 990 filings does Memorial Hermann Medical Group have?
Memorial Hermann Medical Group has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $305.4M in total revenue.
How does Memorial Hermann Medical Group cover its consistent operating deficits?
The consistent and substantial operating deficits, such as the $123 million deficit in 2023, suggest that the organization likely receives significant financial support from its parent entity, Memorial Hermann Health System, or other related organizations to sustain its operations.
Where is executive compensation reported if it's consistently 0% in these filings?
Given the 0% officer compensation reported, it is highly probable that executive compensation for the leadership overseeing Memorial Hermann Medical Group is reported at a higher level within the Memorial Hermann Health System's consolidated filings, rather than directly by this specific entity.
What is the primary driver of the significant increase in liabilities, reaching nearly $1 billion in 2023?
The dramatic increase in liabilities, from $152 million in 2014 to $997 million in 2023, warrants further investigation. This could be due to significant capital investments, debt financing for expansion, or intercompany loans within the larger health system.
Filing History
IRS 990 filing history for Memorial Hermann Medical Group showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Memorial Hermann Medical Group's revenue has grown by 1074.1%, moving from $22.6M to $265.0M. Total assets increased by 1556.2% over the same period, from $7.6M to $126.4M. Total functional expenses rose by 1073.4%, from $33.1M to $388.1M. In its most recent filing year (2023), Memorial Hermann Medical Group reported a deficit of $123.2M, with expenses exceeding revenue. The organization holds $997.7M in liabilities against $126.4M in assets (debt-to-asset ratio: 789.5%), resulting in net assets of $-871,363,419.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265.0M | $388.1M | $126.4M | $997.7M | — | — |
| 2022 | $270.8M | $366.0M | $124.3M | $872.5M | — | View 990 |
| 2021 | $263.0M | $353.5M | $134.6M | $787.5M | — | — |
| 2020 | $216.1M | $324.9M | $121.6M | $684.2M | — | — |
| 2019 | $162.8M | $253.7M | $66.3M | $520.0M | — | View 990 |
| 2018 | $139.7M | $217.0M | $47.2M | $410.0M | — | View 990 |
| 2017 | $119.5M | $184.6M | $41.1M | $326.5M | — | — |
| 2016 | $99.0M | $147.1M | $37.0M | $257.3M | — | View 990 |
| 2015 | $83.2M | $127.5M | $24.6M | $196.8M | — | View 990 |
| 2014 | $89.6M | $137.9M | $24.3M | $152.2M | — | View 990 |
| 2013 | $87.5M | $128.8M | $32.4M | $112.1M | — | View 990 |
| 2012 | $50.2M | $65.2M | $25.1M | $63.5M | — | View 990 |
| 2011 | $22.6M | $33.1M | $7.6M | $31.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265.0M, expenses of $388.1M, and assets of $126.4M (revenue -2.1% year-over-year).
- 2022: Revenue of $270.8M, expenses of $366.0M, and assets of $124.3M (revenue +2.9% year-over-year).
- 2021: Revenue of $263.0M, expenses of $353.5M, and assets of $134.6M (revenue +21.7% year-over-year).
- 2020: Revenue of $216.1M, expenses of $324.9M, and assets of $121.6M (revenue +32.7% year-over-year).
- 2019: Revenue of $162.8M, expenses of $253.7M, and assets of $66.3M (revenue +16.6% year-over-year).
- 2018: Revenue of $139.7M, expenses of $217.0M, and assets of $47.2M (revenue +16.8% year-over-year).
- 2017: Revenue of $119.5M, expenses of $184.6M, and assets of $41.1M (revenue +20.8% year-over-year).
- 2016: Revenue of $99.0M, expenses of $147.1M, and assets of $37.0M (revenue +18.9% year-over-year).
- 2015: Revenue of $83.2M, expenses of $127.5M, and assets of $24.6M (revenue -7.1% year-over-year).
- 2014: Revenue of $89.6M, expenses of $137.9M, and assets of $24.3M (revenue +2.4% year-over-year).
- 2013: Revenue of $87.5M, expenses of $128.8M, and assets of $32.4M (revenue +74.1% year-over-year).
- 2012: Revenue of $50.2M, expenses of $65.2M, and assets of $25.1M (revenue +122.6% year-over-year).
- 2011: Revenue of $22.6M, expenses of $33.1M, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hermann Medical Group:
Data Sources and Methodology
This transparency report for Memorial Hermann Medical Group is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.