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← PEDIATRIC HEALTH MANAGEMENT SERVICES

Form 990 for tax year 2024

Filed by PEDIATRIC HEALTH MANAGEMENT SERVICES.

Totals

Total revenue
$94,923,334
Total expenses
$124,388,122
Contributions and grants received
$93,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$1,923,334
Other revenue
$0
Total assets, end of year
$831,179,473
Total liabilities, end of year
$255,266,116
Net assets or fund balances, end of year
$575,913,357
Program services expenses (Part IX)
$124,388,122
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$124,388,122

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $93,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,923,334 · excluded $1,923,334

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,276,409 · program services $1,276,409

  • 7 · Other salaries and wages

    total $121,121 · program services $121,121

  • 8 · Pension plan contributions

    total $6,913 · program services $6,913

  • 9 · Other employee benefits

    total $22,027 · program services $22,027

  • 10 · Payroll taxes

    total $8,121 · program services $8,121

  • 11a · Fees: management

    total $5,226,284 · program services $5,226,284

  • 11b · Fees: legal

    total $817,293 · program services $817,293

  • 11c · Fees: accounting

    total $51,154 · program services $51,154

  • 11g · Fees: other

    total $106,553,350 · program services $106,553,350 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $29,551 · program services $29,551

  • 16 · Occupancy

    total $1,260,474 · program services $1,260,474

  • 20 · Interest

    total $6,705,600 · program services $6,705,600

  • 22 · Depreciation, depletion and amortization

    total $1,934,620 · program services $1,934,620

  • 23 · Insurance

    total $5,673 · program services $5,673

  • 24a · Other expenses: Federal Excise Taxes

    total $369,532 · program services $369,532

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $28,662,910 · end of year $23,341,750

  • 4 · Accounts receivable

    beginning of year $27,494,259 · end of year $36,491,016

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,600 · end of year $515,225

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

    $633,854,938

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

    $31,040

  • 10c · Land, buildings and equipment, net

    beginning of year $203,141,402 · end of year $633,823,898

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,840,307 · end of year $137,007,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,260,683 · end of year $114,254,843

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,851,341 · end of year $141,011,273

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $195,221,873 · end of year $596,533,564

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,844,581 · end of year -$20,620,207

Mission and programs · 2024

Mission

TO PROVIDE SUPPORT TO A STRATEGIC ALIGNMENT BETWEEN THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER ("UTSW") AND CHILDREN'S HEALTH SYSTEM OF TEXAS ("CHILDREN'S") WITH RESPECT TO A JOINT ENTERPRISE RELATING TO CERTAIN CHARITABLE PEDIATRIC HEALTH FACILITIES, MEDICAL GROUPS, AND OTHER CLINICAL AND PROFESSIONAL PEDIATRIC SERVICES IN NORTH TEXAS.

Activities or mission (Part I)

TO PROVIDE OVERALL GOVERNANCE AND STRATEGIC PLANNING FOR A JOINT PEDIATRIC CLINICAL ENTERPRISE OF UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER, A STATE AGENCY, AND CHILDREN'S HEALTH SYSTEM OF TEXAS, A CHARITABLE 501(C)(3) PEDIATRIC HEALTH SYSTEM.

  • TO PROVIDE SUPPORT TO A STRATEGIC ALIGNMENT BETWEEN THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER ("UTSW") AND CHILDREN'S HEALTH SYSTEM OF TEXAS ("CHILDREN'S") WITH RESPECT TO A JOINT ENTERPRISE RELATING TO CERTAIN CHARITABLE PEDIATRIC HEALTH FACILITIES, MEDICAL GROUPS, AND OTHER CLINICAL AND PROFESSIONAL PEDIATRIC SERVICES IN NORTH TEXAS.

    Expenses $124,388,122

As filed on the 2024 return.

Listed in Part VII

  • Christopher Madden MD

    CO-CHAIR

    Total calculated
    $914,715
    From this org
    $0
    From related orgs
    $876,520
    Other
    $38,195
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $637,975 related
    Bonus
    $0 + $230,325 related
    Other
    $0 + $8,220 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $8,870 related
    Filer's total
    $0 + $914,715 related

  • Lindsey Tyra

    CO-CHAIR

    Total calculated
    $1,626,225
    From this org
    $0
    From related orgs
    $1,392,024
    Other
    $234,201
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $626,701 related
    Bonus
    $0 + $680,360 related
    Other
    $0 + $84,963 related
    Deferred
    $0 + $210,017 related
    Nontaxable benefits
    $0 + $24,184 related
    Filer's total
    $0 + $1,626,225 related

  • Dane Peterson

    Director

    Total calculated
    $1,825,716
    From this org
    $0
    From related orgs
    $1,420,048
    Other
    $405,668
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,165,796 related
    Bonus
    $0 + $227,700 related
    Other
    $0 + $26,552 related
    Deferred
    $0 + $370,252 related
    Nontaxable benefits
    $0 + $35,416 related
    Filer's total
    $0 + $1,825,716 related

  • Jonathan Efron MD

    Director

    Total calculated
    $1,373,465
    From this org
    $0
    From related orgs
    $1,319,999
    Other
    $53,466
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $896,810 related
    Bonus
    $0 + $356,375 related
    Other
    $0 + $66,814 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $1,373,465 related

  • Marcia Schneider

    DIRECTOR

    Total calculated
    $629,644
    From this org
    $0
    From related orgs
    $586,182
    Other
    $43,462
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,917 related
    Bonus
    $0 + $156,545 related
    Other
    $0 + $720 related
    Deferred
    $0 + $27,577 related
    Nontaxable benefits
    $0 + $15,885 related
    Filer's total
    $0 + $629,644 related

  • Robert S Fries

    DIRECTOR

    Total calculated
    $1,979,819
    From this org
    $0
    From related orgs
    $1,667,936
    Other
    $311,883
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $744,848 related
    Bonus
    $0 + $791,000 related
    Other
    $0 + $132,088 related
    Deferred
    $0 + $260,688 related
    Nontaxable benefits
    $0 + $51,195 related
    Filer's total
    $0 + $1,979,819 related

  • Tammy Webb RN

    DIRECTOR

    Total calculated
    $1,722,473
    From this org
    $0
    From related orgs
    $1,513,857
    Other
    $208,616
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,293 related
    Bonus
    $0 + $825,000 related
    Other
    $0 + $188,564 related
    Deferred
    $0 + $181,661 related
    Nontaxable benefits
    $0 + $26,955 related
    Filer's total
    $0 + $1,722,473 related

  • Wp Andrew Lee MD

    DIRECTOR

    Total calculated
    $1,215,106
    From this org
    $0
    From related orgs
    $1,172,060
    Other
    $43,046
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $906,016 related
    Bonus
    $0 + $265,324 related
    Other
    $0 + $720 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $13,721 related
    Filer's total
    $0 + $1,215,106 related

  • Dai Chung MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $1,625,754
    From this org
    $0
    From related orgs
    $1,507,812
    Other
    $117,942
    Hours/week
    51 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,091,729 related
    Bonus
    $0 + $415,363 related
    Other
    $0 + $720 related
    Deferred
    $0 + $93,801 related
    Nontaxable benefits
    $0 + $24,141 related
    Filer's total
    $0 + $1,625,754 related

  • Jonathan Nowlin

    SECRETARY

    Total calculated
    $495,947
    From this org
    $0
    From related orgs
    $404,883
    Other
    $91,064
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,613 related
    Bonus
    $0 + $99,750 related
    Other
    $0 + $31,520 related
    Deferred
    $0 + $54,852 related
    Nontaxable benefits
    $0 + $36,212 related
    Filer's total
    $0 + $495,947 related

  • Holly Crawford

    FORMER DIRECTOR

    Total calculated
    $1,047,583
    From this org
    $0
    From related orgs
    $998,529
    Other
    $49,054
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $772,626 related
    Bonus
    $0 + $225,183 related
    Other
    $0 + $720 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $19,729 related
    Filer's total
    $0 + $1,047,583 related

  • John Brennan

    FORMER President and CEO

    Total calculated
    $3,425,216
    From this org
    $0
    From related orgs
    $3,414,442
    Other
    $10,774
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $285,630 related
    Bonus
    $0 + $411,375 related
    Other
    $0 + $2,717,437 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,774 related
    Filer's total
    $0 + $3,425,216 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
PEDIATRIC HEALTH MANAGEMENT SERVICES ("PHMS") HAS NO EMPLOYEES. CERTAIN INDIVIDUALS IDENTIFIED HEREIN AS DIRECTORS OR OFFICERS OF PHMS ARE EMPLOYED AND COMPENSATED BY RELATED ORGANIZATIONS, CHILDREN'S HEALTH SYSTEM OF TEXAS (CHST) AND THE UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER (UTSW). COMPENSATION DECISIONS FOR THE DIRECTORS AND OFFICERS ARE DETERMINED BY THE RELATED ORGANIZATION'S COMPENSATION POLICY. IN THEIR DUTIES AS DIRECTORS AND OFFICERS OF THE PHMS, THEY HAVE NO INFLUENCE OVER THE COMPENSATION PROCESS PERFORMED BY CHST AND UTSW.
Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING EMPLOYEE RECEIVED SEVERANCE PAYMENT: JOHN BRENNAN - $1,645,500
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXECUTIVE DEFINED CONTRIBUTION RETIREMENT PLAN (EDCRP): EMPLOYEES WHO RECEIVED TAXABLE INCOME FROM THE EDCRP INCLUDE: ROBERT FRIES - $79,646 LINDSEY TYRA - $59,904 TAMMY WEBB - $143,478 JONATHAN NOWLIN - $25,190 JOHN BRENNAN - $1,061,356 EMPLOYEES WHO PARTICIPATED IN AND HAVE CONTRIBUTIONS TO THE EDCRP INCLUDE: ROBERT FRIES - $236,942 LINDSEY TYRA - $189,317 TAMMY WEBB - $160,961 DANE PETERSON - $354,115 JONATHAN NOWLIN - $35,120

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 April 2026
IRS schema version
2024v5.1
Source object
202640939349300139

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