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Nonprofiteer
← MHS PHYSICIANS OF TEXAS

Form 990 for tax year 2023

Filed by MHS PHYSICIANS OF TEXAS.

Totals

Total revenue
$46,912,355
Total expenses
$73,536,189
Contributions and grants received
$1,226,370
Grants paid
$0
Program service revenue
$45,573,727
Investment income
$112,258
Other revenue
$0
Total assets, end of year
$8,926,222
Total liabilities, end of year
$293,226,679
Net assets or fund balances, end of year
-$284,300,457
Program services expenses (Part IX)
$73,391,676
Management and general expenses
$144,513
Fundraising expenses
$0
Program service expenses (Part III)
$73,391,676

Program services were 99.8% 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

    $1,226,370

  • 2a · Program service revenue: MEDICAL SERVICES

    total $45,573,727 · related or exempt $45,573,727

  • 3 · Investment income

    total $112,258 · excluded $112,258

  • 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 $27,642,459 · program services $27,642,459

  • 8 · Pension plan contributions

    total $787,773 · program services $787,773

  • 9 · Other employee benefits

    total $1,378,726 · program services $1,378,726

  • 10 · Payroll taxes

    total $1,222,259 · program services $1,222,259

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $55,891 · management and general $55,891

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $19,120,189 · program services $19,031,567 · management and general $88,622

  • 12 · Advertising and promotion

    total $85,359 · program services $85,359

  • 13 · Office expenses

    total $39,896 · program services $39,896

  • 14 · Information technology

    total $222,941 · program services $222,941

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,828,588 · program services $1,828,588

  • 17 · Travel

    total $47,890 · program services $47,890

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $16,391 · program services $16,391

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $326,794 · program services $326,794

  • 23 · Insurance

    total $354,231 · program services $354,231

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $20,246,072 · program services $20,246,072

  • 24b · Other expenses: TAXES & LICENSES

    total $78,280 · program services $78,280

  • 24c · Other expenses: EQUIPMENT RENTAL & MAINTENANCE

    total $52,664 · program services $52,664

  • 24d · Other expenses: PUBLICATIONS & SUBSCRIPTIONS

    total $14,400 · program services $14,400

  • 24e · All other expenses

    total $15,386 · program services $15,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $66

  • 2 · Savings and temporary cash investments

    beginning of year $2,433,844 · end of year $1,523,149

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,161,715 · end of year $3,226,102

  • 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 $1,039,988 · end of year $846,686

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,219,428 · end of year $1,388,008

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

    $4,677,853

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

    $2,735,642

  • 10c · Land, buildings and equipment, net

    beginning of year $1,925,241 · end of year $1,942,211

  • 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 $8,355,360 · end of year $8,237,695

  • 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 $258,101,479 · end of year $284,988,984

  • 27 · Net assets without donor restrictions

    beginning of year -$257,676,623 · end of year -$284,300,457

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 $73,391,676 · Revenue $46,912,355

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • 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

  • George Al Shamy

    Physician - Specialty

    Total calculated
    $2,006,875
    From this org
    $1,975,269
    From related orgs
    $0
    Other
    $31,606
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,151,838
    Bonus
    $822,291
    Other
    $1,140
    Deferred
    $0
    Nontaxable benefits
    $31,606
    Filer's total
    $2,006,875

  • Geoffrey Zubay

    Physician - Specialty

    Total calculated
    $1,948,396
    From this org
    $1,908,930
    From related orgs
    $0
    Other
    $39,466
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,476,929
    Bonus
    $427,187
    Other
    $4,814
    Deferred
    $9,900
    Nontaxable benefits
    $29,566
    Filer's total
    $1,948,396

  • 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

  • Sabih T Effendi

    Physician - Specialty

    Total calculated
    $1,752,021
    From this org
    $1,713,587
    From related orgs
    $0
    Other
    $38,434
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $789,966
    Bonus
    $813,328
    Other
    $110,293
    Deferred
    $9,900
    Nontaxable benefits
    $28,534
    Filer's total
    $1,752,021

  • Wesley H Jones

    Physician - Specialty

    Total calculated
    $1,470,457
    From this org
    $1,441,500
    From related orgs
    $0
    Other
    $28,957
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $855,283
    Bonus
    $585,330
    Other
    $887
    Deferred
    $19,800
    Nontaxable benefits
    $9,157
    Filer's total
    $1,470,457

  • Sebastian Herrera

    Physician - Specialty

    Total calculated
    $1,122,969
    From this org
    $1,092,082
    From related orgs
    $0
    Other
    $30,887
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $753,968
    Bonus
    $336,848
    Other
    $1,266
    Deferred
    $19,800
    Nontaxable benefits
    $11,087
    Filer's total
    $1,122,969

  • 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
    $0
    From related orgs
    $633,950
    Other
    $37,147
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $532,006 related
    Bonus
    $0 + $99,367 related
    Other
    $0 + $2,577 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $17,347 related
    Filer's total
    $0 + $671,097 related

  • Doan Thuy Do MD

    Director

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

    Schedule J breakdown matched by us

    Base
    $0 + $334,058 related
    Bonus
    $0 + $75,318 related
    Other
    $0 + $356 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $32,395 related
    Filer's total
    $0 + $461,927 related

  • Laura L Whiteley MD

    Former Director

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

    Schedule J breakdown matched by us

    Base
    $0 + $252,945 related
    Bonus
    $0 + $98,515 related
    Other
    $0 + $1,614 related
    Deferred
    $0 + $26,021 related
    Nontaxable benefits
    $0 + $8,550 related
    Filer's total
    $0 + $387,645 related

  • Susan D Hutchins MD

    Director

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

    Schedule J breakdown matched by us

    Base
    $0 + $162,462 related
    Bonus
    $0 + $21,515 related
    Other
    $0 + $774 related
    Deferred
    $0 + $12,913 related
    Nontaxable benefits
    $0 + $31,861 related
    Filer's total
    $0 + $229,525 related

  • Monica Kalra DO

    Director

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

    Schedule J breakdown matched by us

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

  • Laura Armstrong MD

    Director

    Total calculated
    $79,631
    From this org
    $0
    From related orgs
    $69,111
    Other
    $10,520
    Hours/week
    1 + 40 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/$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 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

    AMB SURGERY CTR · TX

    Directly controlled by na

  • MH Katy Rehab Hospital LLC

    REHABILITATION · TX

    Directly controlled by na

  • MHUSP Surgery Centers IV LLP

    AMB SURGERY CTR · TX

    Directly controlled by na

  • Virtus Memorial WLZ LLC

    Investment · DE

    Directly controlled by NA

  • Intrepid Private Equity SPV-NMP LP

    Investment · NY

    Directly controlled by NA

  • MHUSP Surgery Centers VI LLC

    AMB SURGERY CTR · TX

    Directly controlled by NA

  • MHUSP Surgery Centers VII LLC

    Amb Surgery CTR · TX

    Directly controlled by NA

  • SP Taum Sauk Mountain LLC

    Investment · TX

    Directly controlled by NA

  • Redbird Vida Co - Invest LP

    Investment · FL

    Directly controlled by NA

  • Community First Development LP

    Investment · TX

    Directly controlled by NA

  • SL3 Trinity Holdings LLC

    Investment · TX

    Directly controlled by NA

  • Middleground Apex Co-Invest Partners LP

    Investment · KY

    Directly controlled by NA

  • Peak Rock Capital Credit Fund III LP

    investment · TX

    Directly controlled by NA

  • Memorial Hermann-GoHealth Urgent Care L

    URGENT CARE CTRS · 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 ADM · 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

  • Memorial Hermann Accountable Care Org

    C Corp · ACO · TX

    Directly controlled by NA

  • MHMG Primary Care

    C Corp · Physician Svc · TX

    Directly controlled by NA

  • Memorial Hermann Primary Care Alliance

    C Corp · Physician Svc · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531349349303293

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