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Nonprofiteer
← MEMORIAL HERMANN MEDICAL GROUP

Form 990 for tax year 2023

Filed by MEMORIAL HERMANN MEDICAL GROUP.

Totals

Total revenue
$305,440,966
Total expenses
$442,618,304
Contributions and grants received
$28,377,485
Grants paid
$0
Program service revenue
$276,522,329
Investment income
$95,839
Other revenue
$445,313
Total assets, end of year
$124,377,776
Total liabilities, end of year
$1,132,918,533
Net assets or fund balances, end of year
-$1,008,540,757
Program services expenses (Part IX)
$434,765,863
Management and general expenses
$7,852,441
Fundraising expenses
$0
Program service expenses (Part III)
$434,765,863

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Nadim S Jafri

    Physician - Specialty

    Total calculated
    $2,538,479
    From this org
    $2,492,487
    From related orgs
    $0
    Other
    $45,992
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,768,438
    Bonus
    $722,909
    Other
    $1,140
    Deferred
    $18,076
    Nontaxable benefits
    $27,916
    Filer's total
    $2,538,479

  • James McCarthy MD

    President

    Total calculated
    $2,011,423
    From this org
    $0
    From related orgs
    $1,737,337
    Other
    $274,086
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $839,717 related
    Bonus
    $0 + $893,049 related
    Other
    $0 + $4,571 related
    Deferred
    $0 + $241,856 related
    Nontaxable benefits
    $0 + $32,230 related
    Filer's total
    $0 + $2,011,423 related

  • Deborah Gordon

    Secretary

    Total calculated
    $2,010,390
    From this org
    $0
    From related orgs
    $1,738,372
    Other
    $272,018
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $840,655 related
    Bonus
    $0 + $893,115 related
    Other
    $0 + $4,602 related
    Deferred
    $0 + $237,261 related
    Nontaxable benefits
    $0 + $34,757 related
    Filer's total
    $0 + $2,010,390 related

  • Alec King

    Treasurer

    Total calculated
    $1,944,200
    From this org
    $0
    From related orgs
    $1,678,276
    Other
    $265,924
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $933,939 related
    Bonus
    $0 + $741,105 related
    Other
    $0 + $3,232 related
    Deferred
    $0 + $235,734 related
    Nontaxable benefits
    $0 + $30,190 related
    Filer's total
    $0 + $1,944,200 related

  • Jigar Patel

    Physician

    Total calculated
    $1,729,907
    From this org
    $1,695,953
    From related orgs
    $0
    Other
    $33,954
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $762,842
    Bonus
    $932,377
    Other
    $734
    Deferred
    $0
    Nontaxable benefits
    $33,954
    Filer's total
    $1,729,907

  • Daniel Hermann

    Physician - Specialty

    Total calculated
    $1,556,251
    From this org
    $1,532,835
    From related orgs
    $0
    Other
    $23,416
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $912,592
    Bonus
    $619,251
    Other
    $992
    Deferred
    $6,180
    Nontaxable benefits
    $17,236
    Filer's total
    $1,556,251

  • Felix Spiegel

    Physician - Specialty

    Total calculated
    $1,547,671
    From this org
    $1,519,389
    From related orgs
    $0
    Other
    $28,282
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $973,272
    Bonus
    $538,931
    Other
    $7,186
    Deferred
    $0
    Nontaxable benefits
    $28,282
    Filer's total
    $1,547,671

  • Prasun Shah

    Physician

    Total calculated
    $1,509,286
    From this org
    $1,477,574
    From related orgs
    $0
    Other
    $31,712
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $757,211
    Bonus
    $719,517
    Other
    $846
    Deferred
    $13,542
    Nontaxable benefits
    $18,170
    Filer's total
    $1,509,286

  • Warren Shea

    Assistant Secretary

    Total calculated
    $714,014
    From this org
    $0
    From related orgs
    $589,880
    Other
    $124,134
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,926 related
    Bonus
    $0 + $207,934 related
    Other
    $0 + $2,020 related
    Deferred
    $0 + $96,355 related
    Nontaxable benefits
    $0 + $27,779 related
    Filer's total
    $0 + $714,014 related

  • Philip Blum MD

    Director

    Total calculated
    $671,097
    From this org
    $633,950
    From related orgs
    $0
    Other
    $37,147
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $532,006
    Bonus
    $99,367
    Other
    $2,577
    Deferred
    $19,800
    Nontaxable benefits
    $17,347
    Filer's total
    $671,097

  • Doan Thuy Do MD

    Director

    Total calculated
    $461,927
    From this org
    $409,732
    From related orgs
    $0
    Other
    $52,195
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $334,058
    Bonus
    $75,318
    Other
    $356
    Deferred
    $19,800
    Nontaxable benefits
    $32,395
    Filer's total
    $461,927

  • Laura L Whiteley MD

    Director

    Total calculated
    $387,645
    From this org
    $353,074
    From related orgs
    $0
    Other
    $34,571
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $252,945
    Bonus
    $98,515
    Other
    $1,614
    Deferred
    $26,021
    Nontaxable benefits
    $8,550
    Filer's total
    $387,645

  • Susan D Hutchins MD

    Director

    Total calculated
    $229,525
    From this org
    $184,751
    From related orgs
    $0
    Other
    $44,774
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $162,462
    Bonus
    $21,515
    Other
    $774
    Deferred
    $12,913
    Nontaxable benefits
    $31,861
    Filer's total
    $229,525

  • Monica Kalra DO

    Director

    Total calculated
    $218,639
    From this org
    $195,348
    From related orgs
    $0
    Other
    $23,291
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $173,748
    Bonus
    $21,600
    Other
    $0
    Deferred
    $6,948
    Nontaxable benefits
    $16,343
    Filer's total
    $218,639

  • Laura Armstrong MD

    Former Director

    Total calculated
    $79,631
    From this org
    $69,111
    From related orgs
    $0
    Other
    $10,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $56,503
    Bonus
    $0
    Other
    $12,608
    Deferred
    $4,304
    Nontaxable benefits
    $6,216
    Filer's total
    $79,631

  • Payal Gaba MD

    Director

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Kanakalingeswara Banda MD

    Director

    Total calculated
    $0
    Hours/week
    40 + 1 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
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: MEMORIAL HERMANN HEALTH SYSTEM SPONSORS TWO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS; MEMORIAL HERMANN SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); EXECUTIVE DEFERRED COMPENSATION PLAN (EDCP).THE FOLLOWING INDIVIDUAL(S) 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/$202,761.16); Warren Shea ($0/$57,567.51); James McCarthy MD ($0/$206,800.66).
FORM 990 SCHEDULE J PART I LINE 7
MEMORIAL HERMANN HEALTH SYSTEM 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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511349349302891

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