Civic Intelligence

Morehouse Healthcare Inc

EIN 58-1627802 • 501(c)3 • Atlanta, GA

Profile

Morehouse healthcare is the clinical service arm of morehouse school of medicine. It provides the vehicle for the clinical faculty to practice their trained disciplines, maintain clinical competency and to teach students and residents the art and skill of clinical medicine. Morehouse healthcare participates in and supports the vision, mission and goals of morehouse school of medicine.

720 Westview Drive SWAtlanta, GA 30310

www.morehousehealthcare.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.21x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

18th percentile

0.07x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

24th percentile

-4.0%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

98th percentile

$2,259,716

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

31st percentile

0.2%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$10,587,863

Up $18,842 (+0.2%) from 2024

Liabilities

Up

$2,219,412

Up $1,357,768 (+158%) from 2024

Net Assets

Down

$8,368,451

Down $1,338,926 (-14%) from 2024

Operations
Liabilities / Revenue18th percentileNet Margin24th percentile

Revenue

Up

$33,727,057

Up $6,857,023 (+26%) from 2024

Expenses

Up

$35,065,983

Up $6,417,906 (+22%) from 2024

Net Income

Up

-$1,338,926

Up $439,117 (+25%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$10M$0-$10MAssets 2011: $2,560,544Liabilities 2011: $10,936,084Net Assets 2011: -$8,375,5402011Assets 2012: $3,949,167Liabilities 2012: $12,360,336Net Assets 2012: -$8,411,1692012Assets 2013: $4,716,999Liabilities 2013: $12,691,021Net Assets 2013: -$7,974,0222013Assets 2014: $2,643,411Liabilities 2014: $1,194,396Net Assets 2014: $1,449,0152014Assets 2015: $3,575,367Liabilities 2015: $1,544,905Net Assets 2015: $2,030,4622015Assets 2016: $3,598,968Liabilities 2016: $1,413,391Net Assets 2016: $2,185,5772016Assets 2017: $5,873,474Liabilities 2017: $2,048,973Net Assets 2017: $3,824,5012017Assets 2018: $5,110,186Liabilities 2018: $1,072,556Net Assets 2018: $4,037,6302018Assets 2019: $3,191,218Liabilities 2019: $945,298Net Assets 2019: $2,245,9202019Assets 2020: $3,575,836Liabilities 2020: $1,749,936Net Assets 2020: $1,825,9002020Assets 2021: $8,246,690Liabilities 2021: $2,087,008Net Assets 2021: $6,159,6822021Assets 2022: $4,717,709Liabilities 2022: $873,118Net Assets 2022: $3,844,5912022Assets 2023: $8,614,491Liabilities 2023: $540,775Net Assets 2023: $8,073,7162023Assets 2024: $10,569,021Liabilities 2024: $861,644Net Assets 2024: $9,707,3772024Assets 2025: $10,587,863Liabilities 2025: $2,219,412Net Assets 2025: $8,368,4512025

Highlighted filing

2025

Assets$10,587,863
Liabilities$2,219,412
Net Assets$8,368,451
Open 2025 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2011: $9,610,372Expenses 2011: $10,679,259Net Income 2011: -$1,068,8872011Revenue 2012: $9,562,530Expenses 2012: $9,469,362Net Income 2012: $93,1682012Revenue 2013: $10,174,260Expenses 2013: $9,786,524Net Income 2013: $387,7362013Revenue 2014: $8,422,523Expenses 2014: $10,573,256Net Income 2014: -$2,150,7332014Revenue 2015: $9,094,254Expenses 2015: $8,985,524Net Income 2015: $108,7302015Revenue 2016: $9,663,065Expenses 2016: $10,703,655Net Income 2016: -$1,040,5902016Revenue 2017: $17,184,769Expenses 2017: $13,171,350Net Income 2017: $4,013,4192017Revenue 2018: $17,194,832Expenses 2018: $17,365,219Net Income 2018: -$170,3872018Revenue 2019: $15,437,471Expenses 2019: $15,671,844Net Income 2019: -$234,3732019Revenue 2020: $14,478,656Expenses 2020: $17,830,220Net Income 2020: -$3,351,5642020Revenue 2021: $18,560,680Expenses 2021: $18,758,484Net Income 2021: -$197,8042021Revenue 2022: $18,506,489Expenses 2022: $20,154,221Net Income 2022: -$1,647,7322022Revenue 2023: $24,486,883Expenses 2023: $27,898,794Net Income 2023: -$3,411,9112023Revenue 2024: $26,870,034Expenses 2024: $28,648,077Net Income 2024: -$1,778,0432024Revenue 2025: $33,727,057Expenses 2025: $35,065,983Net Income 2025: -$1,338,9262025

Highlighted filing

2025

Revenue$33,727,057
Expenses$35,065,983
Net Income-$1,338,926
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,587,863
Liabilities
$2,219,412
Net assets
$8,368,451
Revenue
$33,727,057
Expenses
$35,065,983
Net income
-$1,338,926
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.6$2.22$8.37$33.7$35.1$1.34
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.6$0.86$9.71$26.9$28.6$1.78
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.61$0.54$8.07$24.5$27.9$3.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.87$3.84$18.5$20.2$1.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.25$2.09$6.16$18.6$18.8$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.58$1.75$1.83$14.5$17.8$3.35
2019Summary only. Only limited summary data is available for this year.$3.19$0.95$2.25$15.4$15.7$0.23
2018Summary only. Only limited summary data is available for this year.$5.11$1.07$4.04$17.2$17.4$0.17
2017Summary only. Only limited summary data is available for this year.$5.87$2.05$3.82$17.2$13.2$4.01
2016Summary only. Only limited summary data is available for this year.$3.60$1.41$2.19$9.66$10.7$1.04
2015Summary only. Only limited summary data is available for this year.$3.58$1.54$2.03$9.09$8.99$0.11
2014Summary only. Only limited summary data is available for this year.$2.64$1.19$1.45$8.42$10.6$2.15
2013Summary only. Only limited summary data is available for this year.$4.72$12.7$7.97$10.2$9.79$0.39
2012Summary only. Only limited summary data is available for this year.$3.95$12.4$8.41$9.56$9.47$0.09
2011Summary only. Only limited summary data is available for this year.$2.56$10.9$8.38$9.61$10.7$1.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 2, 2026
Return Version
2024v5.1
Gross Receipts
$33,727,057
Mission and Program Overview

Mission

Morehouse healthcare is the clinical service arm of morehouse school of medicine. It provides the vehicle for the clinical faculty to practice their trained disciplines, maintain clinical competency and to teach students and residents the art and skill of clinical medicine. Morehouse healthcare participates in and supports the vision, mission and goals of morehouse school of medicine.

Morehouse healthcare's mission is to become a leading provider of excellence in clinical services and programs with emphasis on patient care and health promotions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$8,763,089$8,411,379▼ $351,710
Rtn Earn Endowment Incm Other Fnds$9,707,377$8,368,451▼ $1,338,926
Cash and Non-Interest-Bearing Accounts$1,000,054$1,183,950▲ $183,896
Land, Buildings, and Equipment, Net$805,878$992,534▲ $186,656
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,569,021$10,587,863▲ $18,842
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$861,644$2,219,412▲ $1,357,768
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$861,644$2,219,412▲ $1,357,768
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$0-
Net Assets Without Donor Restrictions-$0-
Total Net Assets Fund Balance$9,707,377$8,368,451▼ $1,338,926
Total Liabilities and Net Assets / Fund Balance$10,569,021$10,587,863▲ $18,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$667,547$1,747,721$2,415,268
Other Land Buildings$321,542$127,081$448,623
Leasehold Improvements$3,445$26,338$29,783
Compensation and Service Providers
Top Officer Pay98th percentile

Board Members and Trustees

NameTitle
Dr Richard H Snyder MDProf and Chair Internal Medicine
John H Stewart MDProfessor and Chairperson
Valerie Montgomery Rice MDPresident & CEO
Sylvester McRae MD ACOGTrustee
Errol D Crook MDChief Medical Officer.Sr Assoc Dean
Joseph Adrian Tyndall MDEVP Health Affairs & Dean
Marjorie Saintil-AlstonMhc COO
Chinedu Ivonye MDProfessor
Folashade Omole MDProfessor
Revenue and Support

Revenue Composition

Contributions and Grants
$1,621,439
Program Service Revenue
$32,105,486
Investment Income
$132
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-1,338,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,046,299
Other Expenses$14,769,313
Grants and Similar Amounts Paid$1,250,371
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,052,532--$15,052,532
Fees for Services Other$7,443,513$0$0$7,443,513
Fees for Services Management$0$4,335,196-$4,335,196
Occupancy$1,993,507--$1,993,507
Other Employee Benefits$1,604,883--$1,604,883
Grants to Domestic Orgs$1,250,371--$1,250,371
Payroll Taxes$1,247,438--$1,247,438
Pension Plan Contributions$1,141,446--$1,141,446
Office Expenses$822,214$29,401-$851,615
Depreciation Depletion$145,482--$145,482
Total Functional Expenses$30,701,386$4,364,597$0$35,065,983

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Morehouse School of MedicineAtlanta, GA501(c)(3)school funds$1,250,371
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

“A copy of the form 990 is reviewed and approved by the finance committee and the full board prior to filing.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Morehouse Healthcare follows the conflict of interest policy of it's related organization, Morehouse School of Medicine (MSM). MSM's conflict of interest policy is as follows: ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST SHALL BE DISCLOSED BY THE BOARD MEMBERS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES THROUGH THE ANNUAL DISCLOSURE FORM OR WHENEVER A CONFLICT ARISES. THE DISINTERESTED MEMBERS OF THE MSM BOARD OF TRUSTEES EXECUTIVE COMMITTEE (THE COMMITTEE) SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION (IF ANY) IS APPROPRIATE. THE BOARD RETAINS THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND RETAINS THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THE POLICY AS IT APPLIES TO THE BOARD MEMBERS. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE A MATTER OF PUBLIC RECORD WITH THE STATE OF GEORGIA. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS A MATTER OF PUBLIC RECORD WITH THE STATE OF GEORGIA.”

Form 990, Part VI, Line 19 Required documents available to the public

“Mhc's governing documents are on file with the state of georgia. The conflict of interest statement and msm/mhc consolidated financial statements are available on msm's website.”

Filing and Contact Details

Filer

Filer Name
Morehouse Healthcare Inc
EIN
58-1627802
Phone
4047566671
Address
720 WESTVIEW DRIVE SW, ATLANTA, GA 30310

Signing Officer

Name
Valerie Montgomery Rice Md
Title
President & CEO
Phone
4047566671
Signed
2026-03-02
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA
Address
421 FAYETTEVILLE ST STE 300, RALEIGH, NC 27601-1776
Preparer
Sandra L Feinsmith
Phone
9197549370
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

“SERVICE CONTRACTS - Total Expense: 5553831, Program Service Expense: 5553831, Management and General Expenses: , Fundraising Expenses: ; Operation & Maintenance - Total Expense: 1889682, Program Service Expense: 1889682, Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“With respect to any unrelated business income generated by the School, it records income taxes using the liability method under which deferred tax assets and liabilities are determined based on the differences between the financial accounting and tax bases of assets and liabilities. Deferred tax assets or liabilities at the end of each period are determined using the currently enacted tax rate expected to apply to taxable income in the period that the deferred tax asset or liability is expected to be realized or to be settled. As of June 30, 2025 and 2024, the School had no deferred tax assets or liabilities, net of valuation allowances. Under ASC 740, Income Taxes, the University must recognize a tax liability (or de-recognize an asset) associated with tax positions taken for tax-return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The University does not believe there are any material uncertain tax positions taken and, accordingly, will not recognize any liability (or de-recognize an asset) for unrecognized tax positions under ASC 740. The University is not currently under examination by any taxing jurisdiction.”

Raw XML AppendixShowing 400 of 741 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0MOREHOUSE HEALTHCARE PROVIDES A MEANS FOR THE MOREHOUSE SCHOOL OF MEDICINE TO TREAT THE SICK AND INJURED, ENGAGE IN MEDICAL RESEARCH AND MAINTAIN AND DEVELOP THE PRACTICAL SKILLS NECESSARY TO PROVIDE CLINICAL INSTRUCTION TO MEDICAL STUDENTS. OUR DEPARTMENT OF COMMUNITY HEALTH AND PREVENTIVE MEDICINE SUPPORTS THE MISSION IN WORKING TO PROVIDE PRIMARY CARE SERVICES TO THE MEDICALLY UNDERSERVED. SINCE 1997, WE HAVE PARTNERED WITH THE FULTON COUNTY DEPARTMENT OF HEALTH AND WELLNESS AND GRADY HEALTH SYSTEMS TO PROVIDE PRIMARY HEALTHCARE TO THE UNDERSERVED IN NORTHEAST ATLANTA. WE STAFF TWO GRADY HEALTH SYSTEM NEIGHBORHOOD HEALTH CENTERS AND PROVIDE CARE AT OTHER SITES AFFILIATED WITH MOREHOUSE SCHOOL OF MEDICINE. OUR COMPREHENSIVE FAMILY HEALTHCARE CENTER PHYSICIANS AND STAFF USE A HIGHLY EFFECTIVE TEAM APPROACH TO DELIVER COMPREHENSIVE PATIENT CARE THAT HELPS TO ENSURE TOTAL WELLNESS FOR PATIENTS OF ALL AGES. PATIENT SERVICES AT OUR CENTER EXTEND BEYOND THOSE TYPICALLY OFFERED BY OTHER CLINICS. SOME OF THE SERVICES WE PROVIDE ARE DOCTOR VISITS TO PATIENT HOMES, WEIGHT CONTROL AND STRESS MANAGEMENT COUNSELING, WOMEN'S WELLNESS PROGRAMS, INDIVIDUALIZED OR GROUP NUTRITIONAL COUNSELING AND A WIDE RANGE OF SOCIAL SERVICES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/MissionDesc0MOREHOUSE HEALTHCARE IS THE CLINICAL SERVICE ARM OF MOREHOUSE SCHOOL OF MEDICINE. IT PROVIDES THE VEHICLE FOR THE CLINICAL FACULTY TO PRACTICE THEIR TRAINED DISCIPLINES, MAINTAIN CLINICAL COMPETENCY AND TO TEACH STUDENTS AND RESIDENTS THE ART AND SKILL OF CLINICAL MEDICINE. MOREHOUSE HEALTHCARE PARTICIPATES IN AND SUPPORTS THE VISION, MISSION AND GOALS OF MOREHOUSE SCHOOL OF MEDICINE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MOREHOUSE HEALTHCARE PROVIDES THE MEANS FOR MOREHOUSE SCHOOL OF MEDICINE TO EXECUTE THE STRATEGIC VISION OF DELIVERING HEALTH EQUITY THROUGH AFFILIATION WITH GRADY HOSPITAL AND OPERATION OF COMPREHENSIVE FAMILY CARE CENTERS. MOREHOUSE HEALTHCARE ALSO SERVES AS THE VEHICLE FOR MOREHOUSE SCHOOL OF MEDICINE TO PRACTICE AND DELIVER CARE FOR GRANTS ASSOCIATED WITH PRIMARY CENTERED MEDICAL HOMES AND CARE COORDINATION. MOREHOUSE HEALTHCARE IS AN INTEGRAL PART TO THE TEACHING AND LEARNING ENVIRONMENT FOR STUDENTS TO GAIN A MEDICAL EDUCATION GEARED TOWARDS PRIMARY CARE AND DELIVERY OF HEALTH SERVICES.
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