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Nonprofiteer
← MEMORIAL HERMANN PHARMACY SERVICES LLC

Form 990 for tax year 2024

Filed by MEMORIAL HERMANN PHARMACY SERVICES LLC.

Totals

Total revenue
$130,290,986
Total expenses
$127,400,608
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$127,358,484
Management and general expenses
$42,124
Fundraising expenses
$0
Program service expenses (Part III)
$127,358,484

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • David L Callender

    President

    Total calculated
    $6,061,094
    From this org
    $0
    From related orgs
    $5,438,998
    Other
    $622,096
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,039,513 related
    Bonus
    $0 + $3,354,527 related
    Other
    $0 + $44,958 related
    Deferred
    $0 + $587,206 related
    Nontaxable benefits
    $0 + $34,890 related
    Filer's total
    $0 + $6,061,094 related
  • Erin Asprec

    Director

    Total calculated
    $3,050,087
    From this org
    $0
    From related orgs
    $2,640,461
    Other
    $409,626
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,209,980 related
    Bonus
    $0 + $1,423,836 related
    Other
    $0 + $6,645 related
    Deferred
    $0 + $392,527 related
    Nontaxable benefits
    $0 + $17,099 related
    Filer's total
    $0 + $3,050,087 related
  • Joshua Urban

    Vice President

    Total calculated
    $2,129,152
    From this org
    $0
    From related orgs
    $1,827,221
    Other
    $301,931
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $928,491 related
    Bonus
    $0 + $893,746 related
    Other
    $0 + $4,984 related
    Deferred
    $0 + $295,118 related
    Nontaxable benefits
    $0 + $6,813 related
    Filer's total
    $0 + $2,129,152 related
  • Binita Patel

    Secretary

    Total calculated
    $545,052
    From this org
    $0
    From related orgs
    $465,771
    Other
    $79,281
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,554 related
    Bonus
    $0 + $174,218 related
    Other
    $0 + $999 related
    Deferred
    $0 + $49,881 related
    Nontaxable benefits
    $0 + $29,400 related
    Filer's total
    $0 + $545,052 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 — 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 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: Joshua Urban ($34,845.01/$118,699.64) Binita Patel ($0/$40,012.64) David Callender ($0/$481,913.86) Erin Asprec ($53,380.76/$193,877.40).
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 have 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 have 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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.2
Source object
202601349349308890

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