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Nonprofiteer
← MHS PHYSICIANS OF TEXAS

Form 990 for tax year 2022

Filed by MHS PHYSICIANS OF TEXAS.

Totals

Total revenue
$41,726,887
Total expenses
$67,789,437
Contributions and grants received
$517,415
Grants paid
$0
Program service revenue
$41,152,885
Investment income
$56,587
Other revenue
$0
Total assets, end of year
$8,780,216
Total liabilities, end of year
$266,456,839
Net assets or fund balances, end of year
-$257,676,623
Program services expenses (Part IX)
$66,652,620
Management and general expenses
$1,136,817
Fundraising expenses
$0
Program service expenses (Part III)
$66,652,620

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $517,415

  • 2a · Program service revenue: MEDICAL SERVICES

    total $41,152,885 · related or exempt $41,152,885

  • 3 · Investment income

    total $56,587 · excluded $56,587

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $23,426,902 · program services $23,426,902

  • 8 · Pension plan contributions

    total $624,819 · program services $624,819

  • 9 · Other employee benefits

    total $1,065,034 · program services $1,065,034

  • 10 · Payroll taxes

    total $961,774 · program services $961,774

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $15,000 · management and general $15,000

  • 11c · Fees: accounting

    total $55,890 · management and general $55,890

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $18,692,494 · program services $17,626,567 · management and general $1,065,927

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $197,946 · program services $197,946

  • 14 · Information technology

    total $159,606 · program services $159,606

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,738,419 · program services $1,738,419

  • 17 · Travel

    total $34,214 · program services $34,214

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $18,832 · program services $18,832

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $440,611 · program services $440,611

  • 23 · Insurance

    total $295,655 · program services $295,655

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $19,859,958 · program services $19,859,958

  • 24b · Other expenses: EQUIPMENT RENTAL & MAINT.

    total $84,400 · program services $84,400

  • 24c · Other expenses: TAXES & LICENSES

    total $80,508 · program services $80,508

  • 24d · Other expenses: SPECIAL FUNCTIONS

    total $21,660 · program services $21,660

  • 24e · All other expenses

    total $15,715 · program services $15,715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,912 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,278,546 · end of year $2,433,844

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,304,883 · end of year $2,161,715

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $985,612 · end of year $1,039,988

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $927,574 · end of year $1,219,428

  • 10a · Land, buildings and equipment: cost or other basis

    $4,412,609

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,487,368

  • 10c · Land, buildings and equipment, net

    beginning of year $2,163,540 · end of year $1,925,241

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,414,303 · end of year $8,355,360

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $234,862,837 · end of year $258,101,479

  • 27 · Net assets without donor restrictions

    beginning of year -$231,614,073 · end of year -$257,676,623

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

MEMORIAL HERMANN HEALTH SYSTEM IS A NONPROFIT, VALUES-DRIVEN, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING HEALTH. OUR VISION IS TO CREATE HEALTHIER COMMUNITIES, NOW AND FOR GENERATIONS TO COME. OUR VALUES ARE COMMUNITY, COMPASSION, CREDIBILITY, AND COURAGE.

Activities or mission (Part I)

THE DEVELOPMENT AND MANAGEMENT OF THE CLINICAL AND ADMINISTRATIVE OPERATIONS FOR AMBULATORY AND PRIMARY HEALTHCARE PHYSICIAN CLINICS OF MEMORIAL HERMANN HEALTH SYSTEM.

  • MHS PHYSICIANS OF TEXAS IS A NONPROFIT SUBSIDIARY OF MEMORIAL HERMANN HEALTH SYSTEM, WHICH IS A NON-PROFIT, VALUES-DRIVEN, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING HEALTH IN THE GREATER HOUSTON AREA. MHS PHYSICIANS OF TEXAS WAS ORGANIZED TO CARRY OUT SEVERAL PURPOSES OF MEMORIAL HERMANN HEALTH SYSTEM, INCLUDING THE CARRYING OUT OF SCIENTIFIC RESEARCH IN MEDICAL SCIENCES AND PUBLIC HEALTH; SUPPORTING MEDICAL EDUCATION THROUGH GRANTS AND SCHOLARSHIPS; IMPROVING AND DEVELOPING CAPABILITIES OF INDIVIDUALS AND INSTITUTIONS STUDYING, TEACHING AND PRACTICING MEDICINE; DELIVERY OF HEALTH CARE TO THE PUBLIC; AND ENGAGING IN THE INSTRUCTION OF THE GENERAL PUBLIC IN THE AREA OF MEDICAL SCIENCE, PUBLIC HEALTH AND HYGIENE. MHS PHYSICIANS OF TEXAS CONSISTS OF HEALTH CARE PROVIDERS, WHICH SPECIALIZE IN AREAS SUCH AS NEUROLOGY, SLEEP MEDICINE, INTERNAL MEDICINE, ANESTHESIOLOGY AND MORE.

    Expenses $66,652,620 · Revenue $41,152,885

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Deborah Gordon

    Secretary

    Total calculated
    $1,870,900
    From this org
    $0
    From related orgs
    $1,617,976
    Other
    $252,924
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $773,062 related
    Bonus
    $0 + $820,079 related
    Other
    $0 + $24,835 related
    Deferred
    $0 + $222,672 related
    Nontaxable benefits
    $0 + $30,252 related
    Filer's total
    $0 + $1,870,900 related

  • James McCarthy MD

    President

    Total calculated
    $1,837,496
    From this org
    $0
    From related orgs
    $1,586,711
    Other
    $250,785
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $777,730 related
    Bonus
    $0 + $784,146 related
    Other
    $0 + $24,835 related
    Deferred
    $0 + $223,081 related
    Nontaxable benefits
    $0 + $27,704 related
    Filer's total
    $0 + $1,837,496 related

  • Geoffrey Zubay

    Physician - Specialty

    Total calculated
    $1,805,037
    From this org
    $1,768,183
    From related orgs
    $0
    Other
    $36,854
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,503,018
    Bonus
    $242,043
    Other
    $23,122
    Deferred
    $9,150
    Nontaxable benefits
    $27,704
    Filer's total
    $1,805,037

  • George Al Shamy

    Physician - Specialty

    Total calculated
    $1,647,920
    From this org
    $1,620,216
    From related orgs
    $0
    Other
    $27,704
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,085,211
    Bonus
    $513,397
    Other
    $21,608
    Deferred
    $0
    Nontaxable benefits
    $27,704
    Filer's total
    $1,647,920

  • Alec King

    Treasurer

    Total calculated
    $1,625,762
    From this org
    $0
    From related orgs
    $1,388,329
    Other
    $237,433
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $790,362 related
    Bonus
    $0 + $575,562 related
    Other
    $0 + $22,405 related
    Deferred
    $0 + $209,771 related
    Nontaxable benefits
    $0 + $27,662 related
    Filer's total
    $0 + $1,625,762 related

  • Saman Javedan

    Physician - Specialty

    Total calculated
    $1,039,660
    From this org
    $1,002,973
    From related orgs
    $0
    Other
    $36,687
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $846,146
    Bonus
    $154,600
    Other
    $2,227
    Deferred
    $9,150
    Nontaxable benefits
    $27,537
    Filer's total
    $1,039,660

  • Sebastian Herrera

    Physician - Specialty

    Total calculated
    $1,014,201
    From this org
    $985,253
    From related orgs
    $0
    Other
    $28,948
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $663,202
    Bonus
    $307,875
    Other
    $14,176
    Deferred
    $18,300
    Nontaxable benefits
    $10,648
    Filer's total
    $1,014,201

  • Joseph Martinez

    Physician

    Total calculated
    $905,023
    From this org
    $877,319
    From related orgs
    $0
    Other
    $27,704
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $839,977
    Bonus
    $35,900
    Other
    $1,442
    Deferred
    $0
    Nontaxable benefits
    $27,704
    Filer's total
    $905,023

  • Warren Shea

    Assistant Secretary

    Total calculated
    $692,295
    From this org
    $0
    From related orgs
    $578,715
    Other
    $113,580
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,824 related
    Bonus
    $0 + $205,433 related
    Other
    $0 + $22,458 related
    Deferred
    $0 + $93,241 related
    Nontaxable benefits
    $0 + $20,339 related
    Filer's total
    $0 + $692,295 related

  • Philip Blum MD

    Director

    Total calculated
    $672,536
    From this org
    $0
    From related orgs
    $636,512
    Other
    $36,024
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,628 related
    Bonus
    $0 + $167,261 related
    Other
    $0 + $21,623 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $17,724 related
    Filer's total
    $0 + $672,536 related

  • Doan Thuy Do MD

    Director

    Total calculated
    $440,895
    From this org
    $0
    From related orgs
    $392,091
    Other
    $48,804
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,391 related
    Bonus
    $0 + $96,336 related
    Other
    $0 + $24,364 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $30,504 related
    Filer's total
    $0 + $440,895 related

  • Susan D Hutchins MD

    Director

    Total calculated
    $427,580
    From this org
    $0
    From related orgs
    $384,430
    Other
    $43,150
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $314,731 related
    Bonus
    $0 + $68,371 related
    Other
    $0 + $1,328 related
    Deferred
    $0 + $12,895 related
    Nontaxable benefits
    $0 + $30,255 related
    Filer's total
    $0 + $427,580 related

  • Laura L Whiteley MD

    Director

    Total calculated
    $322,789
    From this org
    $0
    From related orgs
    $291,826
    Other
    $30,963
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,059 related
    Bonus
    $0 + $65,935 related
    Other
    $0 + $20,832 related
    Deferred
    $0 + $18,781 related
    Nontaxable benefits
    $0 + $12,182 related
    Filer's total
    $0 + $322,789 related

  • Laura Armstrong MD

    Former Director

    Total calculated
    $293,543
    From this org
    $0
    From related orgs
    $249,018
    Other
    $44,525
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $227,561 related
    Bonus
    $0 + $21,240 related
    Other
    $0 + $217 related
    Deferred
    $0 + $15,352 related
    Nontaxable benefits
    $0 + $29,173 related
    Filer's total
    $0 + $293,543 related

  • Monica Kalra DO

    Director

    Total calculated
    $218,764
    From this org
    $0
    From related orgs
    $185,189
    Other
    $33,575
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,978 related
    Bonus
    $0 + $22,211 related
    Other
    $0
    Deferred
    $0 + $9,454 related
    Nontaxable benefits
    $0 + $24,121 related
    Filer's total
    $0 + $218,764 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Form 990 Schedule J Line 4B
MEMORIAL HERMANN HEALTH SYSTEM SPONSORS TWO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS; MEMORIAL HERMANN SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); EXECUTIVE DEFERRED COMPENSATION PLAN (EDCP). THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND/OR RECEIVED PAYMENTS (NOTED IN PARENTHESIS FOR SERP AND EDCP RESPECTIVELY) FROM MEMORIAL HERMANN HEALTH SYSTEM'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN DURING THE TAX YEAR: DEBORAH GORDON ($0/$188,242.21); WARREN SHEA ($0/$55,844.50); James McCarthy MD ($0/$151,198.27).
FORM 990 SCHEDULE J PART I LINE 7
MEMORIAL HERMANN HAS TWO INCENTIVE PROGRAMS IN WHICH CERTAIN MANAGEMENT INDIVIDUALS MAY PARTICIPATE, THE MANAGEMENT INCENTIVE BONUS AND LONG TERM INCENTIVE PLAN. THE MANAGEMENT INCENTIVE BONUS IS AN ANNUAL INCENTIVE DESIGNED TO ATTRACT AND RETAIN KEY LEADERS AND ESTABLISH GREATER ACCOUNTABILITY AND ALIGNMENT TO BUSINESS PERFORMANCE. PAYMENT AMOUNT TARGETS ARE BASED UPON A PERCENTAGE OF BASE SALARY, DEVELOPED BY INDEPENDENT THIRD PARTY EXPERTS. MEMORIAL HERMANN'S COMPENSATION COMMITTEE AND GOVERNING BOARD HAS FINAL DISCRETION WHETHER TO AWARD AMOUNTS TO INDIVIDUALS AND TO ADJUST THE PAYMENT AT THEIR SOLE DISCRETION. THE LONG TERM INCENTIVE PLAN IS BASED ON A THREE-YEAR PERFORMANCE PLAN, WHICH REWARDS KEY SENIOR LEADERS BY ALIGNING THEIR COMPENSATION TO STRATEGIC INITIATIVES OF MEMORIAL HERMANN. PERFORMANCE TARGETS ARE BASED UPON A PERCENTAGE OF THE INDIVIDUAL'S BASE SALARY AND ARE DEVELOPED BY INDEPENDENT THIRD PARTY EXPERTS USING MARKET COMPETITIVE DATA WITHIN THE GUIDES OF REASONABLENESS. AT THE END OF A THREE-YEAR PERIOD, MEMORIAL HERMANN'S COMPENSATION COMMITTEE REVIEWS PERFORMANCE AGAINST GOALS TO DETERMINE APPROPRIATE PAYOUT. MEMORIAL HERMANN'S COMPENSATION COMMITTEE AND GOVERNING BOARD HAS FINAL DISCRETION WHETHER TO AWARD AMOUNTS TO INDIVIDUALS AND TO ADJUST THE PAYMENT AT THEIR SOLE DISCRETION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MHUSP Surgery Centers III LLP

    n/a · AMB SURGERY CTR · TX

    Directly controlled by na

  • MH Katy Rehab Hospital LLC

    n/a · REHABILITATION · TX

    Directly controlled by na

  • MHUSP Surgery Centers IV LLP

    n/a · AMB SURGERY CTR · TX

    Directly controlled by na

  • Virtus Memorial WLZ LLC

    N/A · Investment · DE

    Directly controlled by NA

  • Intrepid Private Equity SPV-NMP LP

    N/A · Investment · NY

    Directly controlled by NA

  • MHUSP Surgery Centers VI LLC

    N/A · AMB SURGERY CTR · TX

    Directly controlled by NA

  • MHUSP Surgery Centers VII LLC

    N/A · Amb Surgery Ctr · TX

    Directly controlled by NA

  • SP Taum Sauk Mountain LLC

    N/A · Investment · TX

    Directly controlled by NA

  • Redbird Vida Co - Invest LP

    N/A · Investment · FL

    Directly controlled by NA

  • Community First Development LP

    N/A · Investment · TX

    Directly controlled by NA

  • SL3 Trinity Holdings LLC

    N/A · Investment · TX

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • The Health Professionals Ins Company LTD

    Foreign · INVESTMENTS · CJ

    Directly controlled by na

  • MHMD

    C Corp · INTEGRATED PN · TX

    Directly controlled by na

  • Memorial Hermann Health Solutions

    C corp · 3RD PARTY ADMIN · TX

    Directly controlled by na

  • Memorial Hermann Health Insurance

    C Corp · Insurance · TX

    Directly controlled by na

  • Memorial Hermann Health Plan Inc

    C Corp · Insurance · TX

    Directly controlled by na

  • Memorial Hermann Health Plan Holdings LL

    C Corp · HOLDING COMPANY · TX

    Directly controlled by NA

  • MH Commercial Health Plan Inc

    C Corp · Insurnace · TX

    Directly controlled by na

  • Memorial Hermann Ventures LLC

    C Corp · HOLDING COMPANY · TX

    Directly controlled by na

  • Memorial Hermann Urgent Care PLLC

    C Corp · Urgent Care CTR · TX

    Directly controlled by NA

  • MH Holdco LLC

    C Corp · Holding Company · TX

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431319349304668

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