Memphis Lung Physicians Foundation INC

Tax-deductible

Memphis, TN501(c)(3)Since 2011Health CareEIN 45-2832975Revenue $16.4M in FY2025

On file with the IRSmemphislung.com350 N Humphreys Blvd, 38120-2177 · Memphis, TNTax-exempt since Jul 2014Hospital or medical research org — 170(b)(1)(A)(iii)

This page gets seen. Tell your story. Claim this org.

Memphis Lung Physicians Foundation, INC. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Memphis Lung Physicians Foundation, INC. Specializes in pulmonary, critical care and sleep medicine.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$6.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $5.6M a year · 37% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.6M
to officers and key staff · 28% of spending
Top officer’s pay higher than 89% of similar orgs
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $95K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$48.9M
649% of total assets
Concern: liabilities are 649% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.4M
-4% vs prior year
Spent
$23.7M
To programs
94%
Net assets
−$41.3M
By yearFY2020–FY2025
Revenue
$16.4M
FY2025▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.7M
FY2021$13.3M
FY2022$15.4M
FY2023$14.8M
FY2024$17.0M
FY2025$16.4M
Expenses
$23.7M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.8M
FY2021$17.7M
FY2022$21.6M
FY2023$21.1M
FY2024$23.2M
FY2025$23.7M
Net assets
−$41.3M
FY2025▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020−$10.9M
FY2021−$15.3M
FY2022−$21.6M
FY2023−$27.9M
FY2024−$34.1M
FY2025−$41.3M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $22.2M Management & general 6% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

17 people listed on the 990; $6.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Physician/Director
$773,813Pt VII · Sec A
$758,959Pt VII · Sec A
$738,704Pt VII · Sec A
Physician
$734,919Pt VII · Sec A
$729,441Pt VII · Sec A
$690,058Pt VII · Sec A
VP (as of 01/25)/Physician/Director
$689,580Pt VII · Sec A
Physician/Director
$644,056Pt VII · Sec A

Todd M Henderson MD’s $774K as Physician/Director is at the 89th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Todd M Henderson MD$773,813$680,792$785,496$843,648$765,357$625,663
Syed H Shirazee MD$758,959—————
Obaid U Awan MD$738,704$716,030$658,361$639,732——
Ali Azim$734,919—————
Istvan Wollak MD$729,441$688,335$665,722$682,065$684,028$488,522
Anurag Mehrotra MD$690,058$680,397$714,292——$425,529
Kenneth a Okpor MD$689,580$667,120$694,429$667,386$655,121$492,888
George Williams MD—$691,339$689,753———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Memphis Lung Physicians Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides quality medical healthcare to all, regardless of background.

Questions for Memphis Lung Physicians Foundation INC

Tap to ask. Memphis Lung Physicians Foundation INC sees how many people are interested.

Your first name shows with your question. Memphis Lung Physicians Foundation INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $22.2M · in their own filed words · FY2024
01

Memphis lung physicians foundation, inc. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Memphis lung physicians foundation, inc. Specializes in pulmonary, critical care and sleep medicine.

$22.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$95K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.4M
Ln 12
Fees for servicesLn 2g$16.3M
Gifts and grantsLn 1h$95K
Investment incomeLn 3$125
Money outPt IX
$23.7M
Ln 25
Programscol B$22.2M
Managementcol C$1.4M
Owns and owesPt X
−$41.3M
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$7.5M
LiabilitiesLn 26$48.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A10
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Fees for servicesLn 2g$16.3M
Investment incomeLn 3$125
Total revenueLn 12$16.4M
Assets in detailPt X, end of year
CashLn 1$427
SavingsLn 2$160K
Cash and savings togetherLn 1–2$160K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$3.6M
Total assetsLn 16$7.5M
LiabilitiesLn 26$48.9M
Net assetsLn 32−$41.3M
OperationsPt I, VI
EmployeesI 5116
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$343K$160K
Land, buildings, equipmentLn 10c$1.8M$1.6M
Total assetsLn 16$7.8M$7.5M
LiabilitiesLn 26$41.8M$48.9M
Net assetsLn 32−$34.1M−$41.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$3.1M$3.0M$188K
Other salaries and wagesLn 7$15.1M$14.2M$909K
Pension plan contributionsLn 8$389K$365K$23K
Other employee benefitsLn 9$1.2M$1.1M$72K
Payroll taxesLn 10$836K$786K$50K
Other fees for servicesLn 11g$183K$172K$11K
Office expensesLn 13$148K$139K$9K
Information technologyLn 14$679$638$41
OccupancyLn 16$601K$565K$36K
TravelLn 17$25K$10K$15K
Conferences, conventions and meetingsLn 19$41K$17K$25K
InterestLn 20$255$240$15
Depreciation, depletion and amortizationLn 22$257K$257K
InsuranceLn 23$172K$162K$10K
Other expenses (24a–d)Ln 24$1.5M$1.4M$77K
All other expensesLn 24e$33K$14K$19K
Total functional expensesLn 25$23.7M$22.2M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.4M$23.7M−$7.3M−$41.3M 990 PDF
FY2024 $17.0M$23.2M−$6.2M−$34.1M 990 PDF
FY2023 $14.8M$21.1M−$6.3M−$27.9M 990 PDF
FY2022 $15.4M$21.6M−$6.3M−$21.6M 990 PDF
FY2021 $13.3M$17.7M−$4.4M−$15.3M 990 PDF
FY2020 $12.7M$15.8M−$3.0M−$10.9M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $16,369,248 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,541$94,874
I-9 Program service revenuePrior year $16,973,757$16,274,249
I-10 Investment incomePrior year $765$125
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,993,063$16,369,248
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,298,494$20,705,371
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,853,541$2,944,928
I-18 Total expensesPrior year $23,152,035$23,650,299
I-19 Revenue less expensesPrior year −$6,158,972−$7,281,051
Part VI · Governance 0 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $16,369,248 across 5 lines filed
VIII-1d Related organizations$94,874
VIII-1h Total contributions, gifts and grants$94,874
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,274,249$16,274,249
VIII-3 Investment incomeExcluded from tax $125$125
VIII-12 Total revenueRelated to mission $16,274,249 · Unrelated business $0 · Excluded from tax $125$16,369,248
Part IX · Statement of functional expenses $23,650,299 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,950,630 · Management $188,338$3,138,968
IX-7 Other salaries and wagesPrograms $14,236,501 · Management $908,713$15,145,214
IX-8 Pension plan contributionsPrograms $365,218 · Management $23,312$388,530
IX-9 Other employee benefitsPrograms $1,124,495 · Management $71,776$1,196,271
IX-10 Payroll taxesPrograms $786,205 · Management $50,183$836,388
IX-11g Other fees for servicesPrograms $172,000 · Management $10,979$182,979
IX-13 Office expensesPrograms $139,306 · Management $8,892$148,198
IX-14 Information technologyPrograms $638 · Management $41$679
IX-16 OccupancyPrograms $564,650 · Management $36,041$600,691
IX-17 TravelPrograms $10,184 · Management $15,277$25,461
IX-19 Conferences, conventions and meetingsPrograms $16,572 · Management $24,859$41,431
IX-20 InterestPrograms $240 · Management $15$255
IX-22 Depreciation, depletion and amortizationPrograms $257,254$257,254
IX-23 InsurancePrograms $161,679 · Management $10,320$171,999
IX-24 Other expenses (24a–d)Programs $1,405,876 · Management $77,243$1,483,119
IX-24e All other expensesPrograms $13,622 · Management $19,240$32,862
IX-25 Total functional expensesPrograms $22,205,070 · Management $1,445,229 · Fundraising $0$23,650,299
Part X · Balance sheet $7,528,942 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $200$427
X-2 Savings and temporary cash investmentsStart of year $342,378$159,805
X-4 Accounts receivableStart of year $1,500,398$2,114,225
X-8 Inventories for sale or useStart of year $58$58
X-9 Prepaid expenses and deferred chargesStart of year $115,317$90,063
X-10c Land, buildings and equipment, netStart of year $1,765,726$1,591,801
X-15 Other assetsStart of year $4,050,862$3,572,563
X-16 Total assetsStart of year $7,774,939$7,528,942
X-17 Accounts payable and accrued expensesStart of year $1,046,854$1,235,915
X-25 Other liabilitiesStart of year $40,788,527$47,634,520
X-26 Total liabilitiesStart of year $41,835,381$48,870,435
X-27 Net assets without donor restrictionsStart of year −$34,060,442−$41,341,493
X-32 Total net assets or fund balancesStart of year −$34,060,442−$41,341,493
X-33 Total liabilities and net assetsStart of year $7,774,939$7,528,942
Part XI · Reconciliation of net assets −$41,341,493 net assets at year end
XI-1 Total revenue$16,369,248
XI-2 Total expenses$23,650,299
XI-3 Revenue less expenses−$7,281,051
XI-4 Net assets at start of year−$34,060,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$41,341,493

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.