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Nonprofiteer
← TEXAS HEART MEDICAL GROUP

Form 990 for tax year 2024

Filed by TEXAS HEART MEDICAL GROUP.

Totals

Total revenue
$19,679,102
Total expenses
$19,702,670
Contributions and grants received
$8,100,000
Grants paid
$0
Program service revenue
$11,579,102
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,154,017
Total liabilities, end of year
$6,345,416
Net assets or fund balances, end of year
$6,808,601
Program services expenses (Part IX)
$19,702,670
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,702,670

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.

  • 1d · Related organizations

    $8,100,000

  • 2a · Program service revenue: Patient services

    total $11,579,102 · related or exempt $11,579,102

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $952,490 · program services $952,490

  • 7 · Other salaries and wages

    total $12,213,524 · program services $12,213,524

  • 8 · Pension plan contributions

    total $137,836 · program services $137,836

  • 9 · Other employee benefits

    total $958,097 · program services $958,097

  • 10 · Payroll taxes

    total $582,505 · program services $582,505

  • 11b · Fees: legal

    total $23,838 · program services $23,838

  • 11g · Fees: other

    total $795,026 · program services $795,026

  • 12 · Advertising and promotion

    total $77,051 · program services $77,051

  • 13 · Office expenses

    total $248,858 · program services $248,858

  • 14 · Information technology

    total $75,362 · program services $75,362

  • 16 · Occupancy

    total $996,665 · program services $996,665

  • 17 · Travel

    total $12,021 · program services $12,021

  • 19 · Conferences, conventions and meetings

    total $11,234 · program services $11,234

  • 22 · Depreciation, depletion and amortization

    total $997,611 · program services $997,611

  • 23 · Insurance

    total $237,414 · program services $237,414

  • 24a · Other expenses: Material and supplies

    total $931,332 · program services $931,332

  • 24b · Other expenses: Repairs and maintenance

    total $198,055 · program services $198,055

  • 24c · Other expenses: Dues and licenses

    total $187,605 · program services $187,605

  • 24d · Other expenses: Equipment expenses

    total $36,477 · program services $36,477

  • 24e · All other expenses

    total $29,669 · program services $29,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $457,526 · end of year $276,702

  • 4 · Accounts receivable

    beginning of year $1,871,792 · end of year $2,082,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $218,350 · end of year $62,971

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

    $8,166,873

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

    $2,191,443

  • 10c · Land, buildings and equipment, net

    beginning of year $6,912,829 · end of year $5,975,430

  • 15 · Other assets

    beginning of year $5,410,536 · end of year $4,756,758

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,384,850 · end of year $397,174

  • 25 · Other liabilities

    beginning of year $6,654,014 · end of year $5,948,242

  • 27 · Net assets without donor restrictions

    beginning of year $6,832,169 · end of year $6,808,601

Mission and programs · 2024

Mission

See Schedule O

Activities or mission (Part I)

To provide cutting-edge cardiac care to diagnose, treat, and prevent cardiovascular diseases.

  • 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.

    Expenses $19,702,670 · Revenue $11,579,102

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph Rogers

    Chair, Physician

    Total calculated
    $1,053,345
    From this org
    $164,554
    From related orgs
    $868,222
    Other
    $20,569
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $164,554 + $756,322 related
    Bonus
    $0 + $111,900 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $10,669 related
    Filer's total
    $164,554 + $888,791 related

  • Emerson Perin

    Director, Physician

    Total calculated
    $1,043,598
    From this org
    $474,112
    From related orgs
    $543,200
    Other
    $26,286
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $474,112 + $485,000 related
    Bonus
    $0 + $58,200 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $16,386 related
    Filer's total
    $474,112 + $569,486 related

  • Alberto Lopez

    Director, Physician

    Total calculated
    $791,307
    From this org
    $756,634
    From related orgs
    $0
    Other
    $34,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $756,634
    Bonus
    $0
    Other
    $0
    Deferred
    $9,020
    Nontaxable benefits
    $25,653
    Filer's total
    $791,307

  • D Richard Leachman

    Director, Physician

    Total calculated
    $731,598
    From this org
    $723,429
    From related orgs
    $0
    Other
    $8,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $723,429
    Bonus
    $0
    Other
    $0
    Deferred
    $8,169
    Nontaxable benefits
    $0
    Filer's total
    $731,598

  • Stephanie Coulter

    Director, Physician

    Total calculated
    $880,788
    From this org
    $846,224
    From related orgs
    $0
    Other
    $34,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $846,224
    Bonus
    $0
    Other
    $0
    Deferred
    $8,911
    Nontaxable benefits
    $25,653
    Filer's total
    $880,788

  • Eduardo Hernandez

    President, Physician

    Total calculated
    $787,936
    From this org
    $762,336
    From related orgs
    $0
    Other
    $25,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $762,336
    Bonus
    $0
    Other
    $0
    Deferred
    $8,998
    Nontaxable benefits
    $16,602
    Filer's total
    $787,936

  • Howard Schramm

    Treasurer

    Total calculated
    $514,958
    From this org
    $0
    From related orgs
    $488,456
    Other
    $26,502
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,756 related
    Bonus
    $0 + $47,700 related
    Other
    $0
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $16,602 related
    Filer's total
    $0 + $514,958 related

  • Marcia Strauss

    Secretary

    Total calculated
    $153,457
    From this org
    $0
    From related orgs
    $150,495
    Other
    $2,962
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,495 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,962 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,457 related

  • Zvonimir Krajcer

    Physician

    Total calculated
    $512,148
    From this org
    $512,148
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $512,148
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $512,148

  • Jennifer Cozart

    Physician

    Total calculated
    $797,506
    From this org
    $787,466
    From related orgs
    $0
    Other
    $10,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $787,466
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,040
    Filer's total
    $797,506

  • Alexander Postalian Yrausquin

    Physician

    Total calculated
    $663,454
    From this org
    $628,601
    From related orgs
    $0
    Other
    $34,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $628,601
    Bonus
    $0
    Other
    $0
    Deferred
    $9,200
    Nontaxable benefits
    $25,653
    Filer's total
    $663,454

  • Hector Medina

    Physician

    Total calculated
    $609,393
    From this org
    $593,077
    From related orgs
    $0
    Other
    $16,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $593,077
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,316
    Filer's total
    $609,393

  • James Livesay

    Physician

    Total calculated
    $705,444
    From this org
    $685,629
    From related orgs
    $0
    Other
    $19,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $685,629
    Bonus
    $0
    Other
    $0
    Deferred
    $3,213
    Nontaxable benefits
    $16,602
    Filer's total
    $705,444

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 · Approval by the board or compensation committee

Answered no

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

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
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349318277

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