Memorial Hermann Accountable Care

Houston, TXUnknown exempt organizationSince 2012EIN 80-0778181Revenue $11.4M in FY2023

On file with the IRSmemorialhermann.org/aco929 Gessner Rd Suite 1900 · Houston, TX

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Memorial Hermann Accountable Care Organization is dedicated to promoting social welfare by achieving the goal of the Medicare Shared Savings Program.

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $1.1M a year · 3% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$74K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 10 voting members
Fine: 5 of 10 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.4M
-66% vs prior year
Spent
$13.6M
To programs
93%
Net assets
$77K
By yearFY2021–FY2023
Revenue
$11.4M
FY2023▼ -66%
Tap a bar for its year
Revenue by fiscal year
FY2021$48.8M
FY2022$34.0M
FY2023$11.4M
Expenses
$13.6M
FY2023▼ -62%
Tap a bar for its year
Expenses by fiscal year
FY2021$48.6M
FY2022$35.3M
FY2023$13.6M
Net assets
$77K
FY2023▼ -97%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.5M
FY2022$2.2M
FY2023$77K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $12.6M Management & general 7% · $1.0M

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

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
EVP, Cao/Clo
$0Pt VII · Sec A
EVP, Chief Physician Executive
$0Pt VII · Sec A
EVP, CFO
$0Pt VII · Sec A
SVP, Chief Compliance Officer
$0Pt VII · Sec A
SVP, Chief Medical Officer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Memorial Hermann Accountable Care executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves healthcare quality and lowers costs for Medicare beneficiaries.

Questions for Memorial Hermann Accountable Care

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Provided by the organization

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1 program · $12.6M · in their own filed words · FY2022
01

At Memorial Hermann, we believe that healthcare providers should be accountable for the care they deliver. Memorial Hermann Accountable Care Organization (MHACO) is committed to delivering high-quality care in a cost-effective manner.

$12.6Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.4M
Ln 12
Fees for servicesLn 2g$11.4M
Money outPt IX
$13.6M
Ln 25
Programscol B$12.6M
Managementcol C$1.0M
Owns and owesPt X
$77K
net assets · Ln 32
Total assetsLn 16$151K
LiabilitiesLn 26$74K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$11.4M
Gains on assetsLn 7$0
Total revenueLn 12$11.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$150K
Total assetsLn 16$151K
LiabilitiesLn 26$74K
Net assetsLn 32$77K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$5.7M$151K
LiabilitiesLn 26$3.5M$74K
Net assetsLn 32$2.2M$77K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$694K$694K
Accounting feesLn 11c$72K$72K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$13.2M$13.0M$175K
Advertising and promotionLn 12$0
Office expensesLn 13$9K$9K
Information technologyLn 14$62K$62K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24−$409K−$409K
Total functional expensesLn 25$13.6M$12.6M$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $11.4M$13.6M−$2.1M$77K 990 PDF
FY2022 $34.0M$35.3M−$1.3M$2.2M 990 PDF
FY2021 $48.8M$48.6M$238K$3.5M 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $11,446,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $34,024,704$11,446,170
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $34,024,704$11,446,170
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $35,316,726$13,586,602
I-18 Total expensesPrior year $35,316,726$13,586,602
I-19 Revenue less expensesPrior year −$1,292,022−$2,140,432
Part VI · Governance 5 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $11,446,170 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,446,170$11,446,170
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $11,446,170 · Unrelated business $0$11,446,170
Part IX · Statement of functional expenses $13,586,602 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $693,549$693,549
IX-11c Accounting feesManagement $71,667$71,667
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $12,985,579 · Management $174,746$13,160,325
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $8,573$8,573
IX-14 Information technologyManagement $61,519$61,519
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs −$409,031−$409,031
IX-25 Total functional expensesPrograms $12,576,548 · Management $1,010,054 · Fundraising $0$13,586,602
Part X · Balance sheet $150,795 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $5,696,309$500
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $49,704$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$150,295
X-16 Total assetsStart of year $5,746,013$150,795
X-17 Accounts payable and accrued expensesStart of year $286,192$73,687
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,242,281$0
X-26 Total liabilitiesStart of year $3,528,473$73,687
X-27 Net assets without donor restrictionsStart of year $2,217,540$77,108
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,217,540$77,108
X-33 Total liabilities and net assetsStart of year $5,746,013$150,795
Part XI · Reconciliation of net assets $77,108 net assets at year end
XI-1 Total revenue$11,446,170
XI-2 Total expenses$13,586,602
XI-3 Revenue less expenses−$2,140,432
XI-4 Net assets at start of year$2,217,540
XI-10 Net assets at end of year$77,108

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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