Memorial Hermann Pharmacy Services Llc
Memorial Hermann Pharmacy Services Llc shows rapid revenue growth and efficient program spending with no reported officer compensation.
EIN: 202184459 · Houston, TX · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $125.2M |
| Total Expenses | $117.2M |
| Program Spending | 95% |
| Net Assets | $2.8M |
| Transparency Score | 90/100 |
Is Memorial Hermann Pharmacy Services Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Memorial Hermann Pharmacy Services Llc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Memorial Hermann Pharmacy Services Llc
Memorial Hermann Pharmacy Services Llc (EIN: 202184459) is a nonprofit organization based in Houston, TX, classified under NTEE code E60. The organization reported total revenue of $125.2M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Memorial Hermann Pharmacy Services Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Memorial Hermann Pharmacy Services Llc is a major nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 177.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123.2M |
| Total Expenses | $117.2M |
| Surplus / Deficit | +$6.1M |
| Total Assets | $25.0M |
| Total Liabilities | $22.2M |
| Net Assets | $2.8M |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 88.8% |
| Months of Reserves | 2.6 months |
Financial Health Grade: B
In 2023, Memorial Hermann Pharmacy Services Llc reported a surplus of $6.1M with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 88.8% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Memorial Hermann Pharmacy Services Llc's revenue has grown at a compound annual growth rate (CAGR) of 177.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.6% | +10.4% | +8.2% |
| 2022 | +18.3% | +17.2% | -22.4% |
| 2021 | +74.6% | +70.2% | +70.1% |
| 2020 | +75.8% | +54.7% | +111.3% |
| 2019 | +3898.3% | +920.8% | +47.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Pharmacy Services Llc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Memorial Hermann Pharmacy Services Llc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $6.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an entity of this size and revenue, suggesting either volunteer leadership or compensation is covered by a related entity.
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 Pharmacy Services Llc's IRS 990 filings:
- Unusually low liabilities relative to assets in 2023 ($22,171,973 liabilities vs $24,971,636 assets) compared to previous years where liabilities often exceeded assets, which could warrant further investigation into financial structure.
- The consistent 0% officer compensation for an organization with over $100 million in revenue is highly unusual and might indicate that executive compensation is reported elsewhere (e.g., a parent organization) rather than a complete absence of paid leadership.
Strengths
The following positive indicators were identified for Memorial Hermann Pharmacy Services Llc:
- Exceptional revenue growth, increasing from $753,938 in 2018 to $123,231,943 in 2023.
- High program spending efficiency, with expenses closely aligning with revenue, indicating funds are directly applied to operations.
- Consistent reporting of 0% officer compensation, suggesting strong financial stewardship and a focus on mission over executive pay.
- Significant asset growth from $5.5 million in 2018 to nearly $25 million in 2023, strengthening its financial foundation.
Frequently Asked Questions about Memorial Hermann Pharmacy Services Llc
Is Memorial Hermann Pharmacy Services Llc a legitimate charity?
Memorial Hermann Pharmacy Services Llc (EIN: 202184459) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 90/100. It has 6 years of IRS 990 filings on record. Total revenue: $125.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Memorial Hermann Pharmacy Services Llc spend its money?
Memorial Hermann Pharmacy Services Llc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Memorial Hermann Pharmacy Services Llc tax-deductible?
Memorial Hermann Pharmacy Services Llc is registered as a tax-exempt nonprofit (EIN: 202184459). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Memorial Hermann Pharmacy Services Llc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Memorial Hermann Pharmacy Services Llc is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Memorial Hermann Pharmacy Services Llc located?
Memorial Hermann Pharmacy Services Llc is headquartered in Houston, Texas and files with the IRS under EIN 202184459. It is classified under NTEE code E60.
How many years of IRS 990 filings does Memorial Hermann Pharmacy Services Llc have?
Memorial Hermann Pharmacy Services Llc has 6 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 $125.2M in total revenue.
Is Memorial Hermann Pharmacy Services Llc a good charity?
Based on the available IRS 990 data, Memorial Hermann Pharmacy Services Llc appears to be a very efficient organization, consistently directing a high percentage of its expenses towards its programs. The rapid revenue growth and the reported 0% officer compensation are strong indicators of financial health and mission focus.
How has the organization's revenue grown over time?
The organization has experienced explosive revenue growth, from $753,938 in 2018 to $123,231,943 in 2023, demonstrating significant expansion of its operations.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, which is a notable characteristic for an entity of its scale, suggesting a highly cost-conscious approach to leadership or that compensation is handled by a parent organization.
Filing History
IRS 990 filing history for Memorial Hermann Pharmacy Services Llc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Memorial Hermann Pharmacy Services Llc's revenue has grown by 16245.1%, moving from $754K to $123.2M. Total assets increased by 346% over the same period, from $5.6M to $25.0M. Total functional expenses rose by 3379.6%, from $3.4M to $117.2M. In its most recent filing year (2023), Memorial Hermann Pharmacy Services Llc reported a surplus of $6.1M, with revenue exceeding expenses. The organization holds $22.2M in liabilities against $25.0M in assets (debt-to-asset ratio: 88.8%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123.2M | $117.2M | $25.0M | $22.2M | — | — |
| 2022 | $109.5M | $106.1M | $23.1M | $26.3M | — | View 990 |
| 2021 | $92.5M | $90.5M | $29.7M | $36.4M | — | — |
| 2020 | $53.0M | $53.2M | $17.5M | $26.1M | — | — |
| 2019 | $30.1M | $34.4M | $8.3M | $16.7M | — | View 990 |
| 2018 | $754K | $3.4M | $5.6M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123.2M, expenses of $117.2M, and assets of $25.0M (revenue +12.6% year-over-year).
- 2022: Revenue of $109.5M, expenses of $106.1M, and assets of $23.1M (revenue +18.3% year-over-year).
- 2021: Revenue of $92.5M, expenses of $90.5M, and assets of $29.7M (revenue +74.6% year-over-year).
- 2020: Revenue of $53.0M, expenses of $53.2M, and assets of $17.5M (revenue +75.8% year-over-year).
- 2019: Revenue of $30.1M, expenses of $34.4M, and assets of $8.3M (revenue +3898.3% year-over-year).
- 2018: Revenue of $754K, expenses of $3.4M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Memorial Hermann Pharmacy Services Llc:
Data Sources and Methodology
This transparency report for Memorial Hermann Pharmacy Services Llc 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.