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Nonprofit · EIN 74-1030788

TEXAS MEDICAL CENTER

Tax-exempt · HOUSTON, TX 77021

Financials

$127.7M$98.8M2023$141.5M$114.1M2024
Revenue Expenses · by fiscal year end
Financials of TEXAS MEDICAL CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$141,502,264$114,143,820$27,358,444$903,057,976$310,017,390$593,040,586
December 31, 2023990$127,663,247$98,774,585$28,888,662$972,764,617$356,237,188$616,527,429
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,733,210
Program service revenue
$115,610,697
Investment income
$19,273,970
Net gain from sales of assets
$11,518,551
Other revenue
$3,884,387

Expenses

Grants and similar amounts paid
$1,820,723
Compensation of officers, directors and key employees
$9,280,767
Other salaries and wages
$13,672,754
Salaries, compensation and benefits (total)
$29,260,053
Professional fundraising fees
$0
Legal fees
$1,190,722
Accounting fees
$357,095
Occupancy
$14,218,065
Travel
$1,040,966
Depreciation
$19,137,166
Program services (functional)
$88,059,566
Management and general (functional)
$26,084,254

Balance sheet and other

Total assets, start of year
$972,764,617
Total assets, end of year
$903,057,976
Total liabilities, end of year
$310,017,390
Net assets, end of year
$593,040,586
Land, buildings and equipment
$432,502,506
Publicly traded securities
$290,585,216
Net assets without donor restrictions
$582,968,926
Net assets with donor restrictions
$10,071,660
Gross unrelated business income
$369,501
Gross receipts
$141,570,062
Employees
211
Volunteers
0
Year formed
1945
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WILLIAM MCKEONPRESIDENT
Trustee or director, Officer
40$3,117,227$67,583
DENISE CASTILLO-RHODESCFO
Officer
40$870,548$34,500
ISAAC MIDDLETONCHIEF OPERATING OFFICER
Officer
40$819,916$67,583
THOMAS LUBYDIRECTOR INNOVATION INSTITUTE
Officer
40$744,432$67,583
ASHLEY MCPHAILVP, STRATEGY & ADMINISTRATION
Officer
40$749,493$45,528
MARCUS NELSONVP, Strategy & New Ventures
Officer
40$545,280$67,583
BRIAN LUNEAUVP, LEGAL
Officer
40$459,283$67,583
SANTOS GONZALEZ-HINOJOSAGENERAL COUNSEL
Officer
40$381,150$67,583
JOHN WOLTERCHIEF OF POLICE & TECHNOLOGY
Highest-paid employee
40$369,903$68,325
TATUM MARTENSVP Marketing
Officer
40$336,544$66,376
KRISTEN KUPPERMANVP, REAL ESTATE DEVELOPMENT
Officer
40$327,172$32,533
ABBEY ROBERSONVP, PLANNER
Officer
40$296,803$48,485
LAWRENCE JONESDIR. FINANCE
Highest-paid employee
40$268,356$51,265
JUDITH GERSHCONTROLLER
Highest-paid employee
40$273,705$41,105
JASON SAKAMOTOASSOC. DIRECTOR
Highest-paid employee
40$255,791$58,051
14 more people on this return
NameTitleHours / weekCompensationOther / benefits
EMILY REISERASSOC. DIRECTOR, INNOVATION
Highest-paid employee
40$257,796$36,624
DANIEL BELLOWDIRECTOR
Trustee or director
1$0$0
J DOWNEY BRIDGWATERDIRECTOR, TREASURER
Trustee or director
1$0$0
ALAN R BUCKWALTER IIIDIRECTOR
Trustee or director
1$0$0
DEENA BUFORDDIRECTOR
Trustee or director
1$0$0
ANTHONY R CHASEDIRECTOR
Trustee or director
1$0$0
SHAUNA CLARKDIRECTOR
Trustee or director
1$0$0
O HOLCOMBE CROSSWELLDIRECTOR, CHAIRMAN EMERITUS
Trustee or director
1$0$0
CHARLES W HALLDIRECTOR, SECRETARY
Trustee or director
1$0$0
DR BERNARD A HARRIS JR MDDIRECTOR, VICE CHAIRMAN
Trustee or director
1$0$0
BRADLEY N HOWELLDIRECTOR
Trustee or director
1$0$0
WILLIAM N MATHISDIRECTOR
Trustee or director
1$0$0
GREG MOOREDIRECTOR, CHAIRMAN
Trustee or director
1$0$0
ALEXANDRA PRUNERDIRECTOR, VICE CHAIRMAN
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 31 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM MCKEONPRESIDENT
Trustee or director, Officer
40$2,995,396$66,080
ISAAC MIDDLETONCHIEF OPERATING OFFICER
Officer
40$874,708$66,080
DENISE CASTILLO-RHODESCFO
Officer
40$837,076$33,000
ASHLEY MCPHAILVP, STRATEGY & ADMINISTRATION
Officer
40$720,720$44,027
THOMAS LUBYDIRECTOR INNOVATION INSTITUTE
Officer
40$676,188$66,080
MARCUS NELSONVP, Strategy & New Ventures
Officer
40$490,190$66,080
BRIAN LUNEAUVP, LEGAL
Officer
40$462,826$66,080
SANTOS GONZALEZ-HINOJOSAGENERAL COUNSEL
Officer
40$427,654$66,080
JOHN WOLTERCHIEF OF POLICE & TECHNOLOGY
Highest-paid employee
40$381,064$66,080
TATUM MARTENSVP Marketing
Officer
40$321,390$54,946
KRISTEN KUPPERMANVP, REAL ESTATE DEVELOPMENT
Officer
40$306,190$30,558
ABBEY ROBERSONVP, PLANNER
Officer
40$280,549$48,651
JUDITH GERSHCONTROLLER
Highest-paid employee
40$274,028$49,812
LAWRENCE JONESDIR. FINANCE
Highest-paid employee
40$242,007$48,812
JASON SAKAMOTOASSOC. DIRECTOR
Highest-paid employee
40$212,037$53,718
TATIANNA YALECHIEF INVESTMENT & PLANNING OF
Officer
40$243,103$7,453
EMILY REISERASSOC. DIRECTOR, INNOVATION
Highest-paid employee
40$209,599$31,815
J DOWNEY BRIDGWATERDIRECTOR, CHAIRMAN
Trustee or director
1$0$0
ALAN R BUCKWALTER IIIDIRECTOR
Trustee or director
1$0$0
ANTHONY R CHASEDIRECTOR
Trustee or director
1$0$0
O HOLCOMBE CROSSWELLDIRECTOR, CHAIRMAN EMERITUS
Trustee or director
1$0$0
ROBERT J CRUIKSHANKDIRECTOR
Trustee or director
1$0$0
CHARLES W HALLDIRECTOR
Trustee or director
1$0$0
BRADLEY N HOWELLDIRECTOR
Trustee or director
1$0$0
WILLIAM N MATHISDIRECTOR
Trustee or director
1$0$0
SHAUNA CLARKDIRECTOR
Trustee or director
1$0$0
DAN BELLOWDIRECTOR
Trustee or director
1$0$0
DR BERNARD A HARRIS JR MDDIRECTOR, VICE CHAIRMAN
Trustee or director
1$0$0
GREG MOOREDIRECTOR
Trustee or director
1$0$0
DEENA BUFORDDIRECTOR
Trustee or director
1$0$0
ALEXANDRIA PRUNERDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2450 HOLCOMBE BLVD STE 1, HOUSTON, TX 77021-2040
In care of
% DENISE CASTILLO-RHODES
Principal officer (990 for 2024)
WILLIAM MCKEON, 2450 HOLCOMBE BLVD, HOUSTON, TX 770212040
Signed the 990
DENISE CASTILLO-RHODES, CFO
Phone
(713) 791-6104
Return prepared by
PwC US Tax LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • MULTI-INSTITUTIONAL COLLABORATION BECOME THE WORLD LEADER IN HEALTH AND LIFE SCIENCES BY LEVERAGING AND PROMOTING THE COLLECTIVE POWER OF TMC'S RENOWNED INSTITUTIONS, STRATEGIC PARTNERSHIPS AND COUNCILS TO SERVE THE HEALTH, EDUCATION AND RESEARCH NEEDS OF TEXAS AND THE WORLD.
    Expenses $5,934,248
  • BUSINESS SERVICES PROVIDES SERVICES, SUCH AS PARKING, HOSPITALITY, LEASING, AND POLICE SERVICES, TO TMC MEMBER INSTITUTIONS, EMPLOYEES, VISITORS AND THE COMMUNITY.
    Expenses $57,939,090 · revenue $108,605,462
  • CAMPUS DEVELOPMENT OF OUR LAND AND CAMPUS FOR INSTITUTIONAL PLANS AND URBAN PLANNING TO PROMOTE AND PROVIDE SUPPORT AND POLICE SECURITY FOR OUR MEMBER INSTITUTES, PATIENTS AND VISITORS. MAINTAINS THE INFRASTRUCTURE FOR THE SHARED, CENTRALLY MANAGED CAMPUS, PROVIDING MAINTENANCE FOR ITS STREETS, SIDEWALKS, GREEN SPACE, AND SHARED COMMONS SPACE.
    Expenses $9,300,772 · revenue $7,005,235
  • CONTRIBUTIONS AND SPONSORSHIPS
    Expenses $1,820,723 · grants $1,820,723
  • CPRIT/ACT Grant
    Expenses $517,897
  • Helix Park Campus
    Expenses $12,546,836

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-1030788
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1948
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E210)
Assets (IRS master file)
$903,057,976
Income (IRS master file)
$141,570,062

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$141,502,264$114,143,820$903,057,976IRS
990-TDecember 2024–––IRS
990December 2023$127,663,247$98,774,585$972,764,617XML
990-TDecember 2023–––IRS
990December 2022$108,399,620$87,827,153$918,301,363IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1030788).

Questions about TEXAS MEDICAL CENTER

What is the EIN of TEXAS MEDICAL CENTER?
The employer identification number (EIN) of TEXAS MEDICAL CENTER is 74-1030788.
Is TEXAS MEDICAL CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
Are donations to TEXAS MEDICAL CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TEXAS MEDICAL CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TEXAS MEDICAL CENTER due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TEXAS MEDICAL CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TEXAS MEDICAL CENTER?
The 990 for the year ended December 31, 2024 names WILLIAM MCKEON.
Who are the officers and directors of TEXAS MEDICAL CENTER?
The 990 for the year ended December 31, 2024 lists 29 people; 16 received compensation from the organization, the highest $3,117,227 (WILLIAM MCKEON, PRESIDENT).
How much revenue does TEXAS MEDICAL CENTER have?
On its 990 for the year ended December 31, 2024 it reported revenue of $141,502,264, expenses of $114,143,820 and total assets of $903,057,976 at year end.

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