Civic Intelligence

Houston Academy of Medicine

EIN 74-1277657 • 501(c)3 • Houston, TX

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Profile

The mission of the Houston Academy of Medicine is to support the community service, education, scientific, and charitable programs for physicians, their patients, and the community at large in Harris County.

1515 Hermann DriveHouston, TX 77004-7126

library.tmc.edu

Siviq Scores

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

Liabilities / Assets

26th percentile

0.06x

Higher debt load relative to assets than 26% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.35x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$369,250

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

65th percentile

9.8%

Faster asset growth than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

18%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$62,929,042

Up $5,637,712 (+9.8%) from 2023

Liabilities

Up

$3,951,193

Up $500,084 (+14%) from 2023

Net Assets

Up

$58,977,849

Up $5,137,628 (+9.5%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin71st percentile

Revenue

Up

$11,441,338

Up $1,749,526 (+18%) from 2023

Expenses

Up

$9,687,275

Up $384,128 (+4.1%) from 2023

Net Income

Up

$1,754,063

Up $1,365,398 (+351%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth65th percentile

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

$80M$60M$40M$20M$0Assets 2010: $17,987,034Liabilities 2010: $2,489,236Net Assets 2010: $15,497,7982010Assets 2011: $17,947,601Liabilities 2011: $2,769,007Net Assets 2011: $15,178,5942011Assets 2012: $17,850,198Liabilities 2012: $3,117,220Net Assets 2012: $14,732,9782012Assets 2013: $17,721,752Liabilities 2013: $2,844,846Net Assets 2013: $14,876,9062013Assets 2014: $19,509,889Liabilities 2014: $3,210,589Net Assets 2014: $16,299,3002014Assets 2015: $19,115,350Liabilities 2015: $3,175,884Net Assets 2015: $15,939,4662015Assets 2016: $43,024,325Liabilities 2016: $3,013,238Net Assets 2016: $40,011,0872016Assets 2017: $45,617,450Liabilities 2017: $3,150,247Net Assets 2017: $42,467,2032017Assets 2018: $42,837,116Liabilities 2018: $3,069,959Net Assets 2018: $39,767,1572018Assets 2019: $48,437,229Liabilities 2019: $2,925,370Net Assets 2019: $45,511,8592019Assets 2020: $52,416,862Liabilities 2020: $3,190,289Net Assets 2020: $49,226,5732020Assets 2021: $57,192,263Liabilities 2021: $2,571,440Net Assets 2021: $54,620,8232021Assets 2022: $50,596,349Liabilities 2022: $3,145,136Net Assets 2022: $47,451,2132022Assets 2023: $57,291,330Liabilities 2023: $3,451,109Net Assets 2023: $53,840,2212023Assets 2024: $62,929,042Liabilities 2024: $3,951,193Net Assets 2024: $58,977,8492024

Highlighted filing

2024

Assets$62,929,042
Liabilities$3,951,193
Net Assets$58,977,849
Open 2024 Filing

Operations Trend

Revenue Growth69th percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2010: $9,943,910Expenses 2010: $10,150,097Net Income 2010: -$206,1872010Revenue 2011: $9,870,382Expenses 2011: $10,189,586Net Income 2011: -$319,2042011Revenue 2012: $9,812,953Expenses 2012: $10,258,571Net Income 2012: -$445,6182012Revenue 2013: $12,148,527Expenses 2013: $12,004,599Net Income 2013: $143,9282013Revenue 2014: $11,195,837Expenses 2014: $9,773,443Net Income 2014: $1,422,3942014Revenue 2015: $10,150,664Expenses 2015: $9,997,652Net Income 2015: $153,0122015Revenue 2016: $32,927,917Expenses 2016: $9,047,396Net Income 2016: $23,880,5212016Revenue 2017: $8,926,358Expenses 2017: $8,663,126Net Income 2017: $263,2322017Revenue 2018: $8,822,423Expenses 2018: $8,852,852Net Income 2018: -$30,4292018Revenue 2019: $9,006,425Expenses 2019: $8,994,291Net Income 2019: $12,1342019Revenue 2020: $9,607,484Expenses 2020: $9,515,750Net Income 2020: $91,7342020Revenue 2021: $9,726,228Expenses 2021: $9,230,724Net Income 2021: $495,5042021Revenue 2022: $9,823,746Expenses 2022: $9,199,545Net Income 2022: $624,2012022Revenue 2023: $9,691,812Expenses 2023: $9,303,147Net Income 2023: $388,6652023Revenue 2024: $11,441,338Expenses 2024: $9,687,275Net Income 2024: $1,754,0632024

Highlighted filing

2024

Revenue$11,441,338
Expenses$9,687,275
Net Income$1,754,063
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$62,929,042
Liabilities
$3,951,193
Net assets
$58,977,849
Revenue
$11,441,338
Expenses
$9,687,275
Net income
$1,754,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$62.9$3.95$59.0$11.4$9.69$1.75
2023Detailed filing. Detailed filing data is available for this year.$57.3$3.45$53.8$9.69$9.30$0.39
2022Detailed filing. Detailed filing data is available for this year.$50.6$3.15$47.5$9.82$9.20$0.62
2021Detailed filing. Detailed filing data is available for this year.$57.2$2.57$54.6$9.73$9.23$0.50
2020Detailed filing. Detailed filing data is available for this year.$52.4$3.19$49.2$9.61$9.52$0.09
2019Detailed filing. Detailed filing data is available for this year.$48.4$2.93$45.5$9.01$8.99$0.01
2018Detailed filing. Detailed filing data is available for this year.$42.8$3.07$39.8$8.82$8.85$0.03
2017Detailed filing. Detailed filing data is available for this year.$45.6$3.15$42.5$8.93$8.66$0.26
2016Detailed filing. Detailed filing data is available for this year.$43.0$3.01$40.0$32.9$9.05$23.9
2015Detailed filing. Detailed filing data is available for this year.$19.1$3.18$15.9$10.2$10.00$0.15
2014Detailed filing. Detailed filing data is available for this year.$19.5$3.21$16.3$11.2$9.77$1.42
2013Detailed filing. Detailed filing data is available for this year.$17.7$2.84$14.9$12.1$12.0$0.14
2012Summary only. Only limited summary data is available for this year.$17.9$3.12$14.7$9.81$10.3$0.45
2011Summary only. Only limited summary data is available for this year.$17.9$2.77$15.2$9.87$10.2$0.32
2010Summary only. Only limited summary data is available for this year.$18.0$2.49$15.5$9.94$10.2$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$12,648,756
Mission and Program Overview

Mission

The mission of the Houston Academy of Medicine is to support the community service, education, scientific, and charitable programs for physicians, their patients, and the community at large in Harris County.

Supports education and scientific programs for physicians, patients, and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$37,708,127$41,860,850▲ $4,152,723
Investments in Publicly Traded Securities$11,018,253$16,037,953▲ $5,019,700
Land, Buildings, and Equipment, Net$2,497,273$2,270,718▼ $226,555
Prepaid Expenses and Deferred Charges$1,546,245$1,259,224▼ $287,021
Savings and Temporary Cash Investments$2,868,392$631,514▼ $2,236,878
Accounts Receivable$868,472$133,162▼ $735,310
Total Assets$57,291,330$62,929,042▲ $5,637,712
Other Assets Total$784,568$735,621▼ $48,947
Liabilities
Deferred Revenue$2,327,572$2,494,436▲ $166,864
Other Liabilities$842,286$789,652▼ $52,634
Accounts Payable and Accrued Expenses$281,251$667,105▲ $385,854
Total Liabilities$3,451,109$3,951,193▲ $500,084
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$51,183,282$56,244,546▲ $5,061,264
Net Assets With Donor Restrictions$2,656,939$2,733,303▲ $76,364
Total Net Assets Fund Balance$53,840,221$58,977,849▲ $5,137,628
Total Liabilities and Net Assets / Fund Balance$57,291,330$62,929,042▲ $5,637,712

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$140,115$2,229,781$2,369,896
Other Land Buildings$904,627$638,202$1,542,829
Land$1,134,787-$1,134,787
Equipment$91,189$456,640$547,829
Other Securities$41,860,850--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$35,885,996-▲ $5,181,045$1,455,696$39,611,345
2023$32,072,984-▲ $5,089,259$1,276,247$35,885,996
2022$37,634,776-▼ $4,821,722$740,070$32,072,984
2021$33,078,865-▲ $5,607,280$1,051,369$37,634,776
2020$30,420,625$114,000▲ $3,564,589$1,020,349$33,078,865
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine PrenticeTMC Library EDFT$163,893$28,737$192,630
Sean J MurphyExecutive VP/CEOPT$161,273$23,352$184,625
Patricia MillerTMC Library CFOFT$125,912$25,580$151,492
Gene HorrControllerPT$35,040$102,285$137,325
Beatriz VarmanHead of Research & InstructionFT$109,235$22,569$131,804
John ElolfDirector of CommunicationsPT$36,591$89,835$126,426
Doug AbelVP Public AffairsPT$57,564$12,627$70,191
Rachel ZetinoVP Practice ManagementPT$23,130$4,187$27,317
Ahuva TerkVP Member Services-$13,139$3,137$16,276

Board Members and Trustees

NameTitle
Louise H Bethea MDPresident
Hattie E Henderson MDVice President
Ashok Balasubramanyam MDBoard Member
Carlos J Vital MDBoard Member
Clare A Hawkins MDBoard Member
Daniel H Darmadi MDBoard Member
Dwane G Broussard MDBoard Member
Felicity L Mack MDBoard Member
Gurjit Kaur DOBoard Member
Karan P K Sra MDBoard Member
Kulvinder S Bajwa MDBoard Member
Madhureeta Achari MDBoard Member
Marcel D Thompson DOBoard Member
Mary S Goswitz MDBoard Member
Monika Patil MDBoard Member
Pavlina P Suchanova MDBoard Member
Peter Chang MDBoard Member
Robert Jackson MDBoard Member
Sandeep Markan MDBoard Member
Stacy L Norrell MDBoard Member
Stephen J Spann MDBoard Member
Swapan Dubey MDBoard Member
Victoria C Chang MDBoard Member
Eddie L Patton Jr MDSecretary
Brian M Bruel MDTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Houck Services LLCBuilding maintenance1409 Oak Tree Dr, Houston, TX 77055$182,349
Revenue and Support

Revenue Composition

Contributions and Grants
$8,453,946
Program Service Revenue
$33,776
Investment Income
$2,913,558
Other Revenue
$40,058
All Other Contributions
$8,389,069
Change in Net Assets
$1,754,063

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,330,555
Revenue Not Reported on Financial Statements
$110,783
Revenue Not Reported on Form 990
$3,658,276
Total Revenue per Audited Statements
$14,988,831
Total Revenue per Form 990
$11,441,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,483,218
Salaries, Compensation, and Employee Benefits$4,016,754
Grants and Similar Amounts Paid$187,303
Total Fundraising Expense$11,417
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,169,427$508,227$7,236$2,684,890
Current Officers, Directors, Trustees, and Key Employees$461,545$106,876$1,521$569,942
Occupancy$439,616$63,482-$503,098
Other Employee Benefits$318,730$92,544$1,466$412,740
Depreciation Depletion$209,818$19,041-$228,859
Payroll Taxes$150,759$41,240$637$192,636
Grants to Domestic Orgs$187,303--$187,303
Information Technology$137,081$39,895-$176,976
Pension Plan Contributions$120,842$35,147$557$156,546
Fees for Service Investment Mgmnt Fees-$110,783-$110,783
Fees for Services Accounting-$110,534-$110,534
Office Expenses$60,141$21,983-$82,124
Insurance$50,433$23,682-$74,115
Fees for Services Other$4,643$52,855-$57,498
Conferences and Meetings$1,840$15,815-$17,655
Other Expenses$15,304$1,020-$16,324
Fees for Services Legal-$12,176-$12,176
All Other Expenses$2,612$3,995-$6,607
Travel$2,130--$2,130
Total Functional Expenses$8,407,444$1,268,414$11,417$9,687,275

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,851,203
Total Expenses per Form 990$9,687,275
Expenses per Audited Statements$9,576,492
Expenses Not Reported on Form 990$274,711
Expenses Not Reported on Financial Statements$110,783
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
John P McGovern Museum of Health & Medical ScienceHouston, TX501(c)(3)General support$150,000
Diversemedicine IncCarrollton, TX501(c)(3)General support$10,000

International Summary

Offices
0
Employees
0
Spending
$857,065

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestment-00$857,065
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease liabilities$789,652
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

“The officers of the organization constitute the Executive Committee. They are all Board members. The Bylaws state that "the Board of Trustees may, by resolution passed by a majority of the whole Board, designate an Executive Committee to consist of the President, Vice-President, Treasurer and Secretary, which Committee, to the extent provided in such resolution, shall have and may exercise all of the authority of the Board of Trustees in the affairs of the Corporation." The Board of Trustees has currently delegated compensation review, audit committee functions, and tax return review to the Executive Committee.”

Form 990, Part VI, Section A, line 6

“The organization has physician members who pay dues to belong to the organization.”

Form 990, Part VI, Section A, line 7A

“Members elect all officers of the governing Board.”

Form 990, Part VI, Section A, line 7B

“Members must approve all Bylaws changes, dues increases and sales of substantial assets.”

Form 990, Part VI, Section B, line 11B

“The tax return is reviewed by the Executive Committee in detail & then provided to the full Board prior to filing with the IRS.”

Form 990, Part VI, Section B, line 12C

“All Board members and key staff complete a conflict of interest questionnaire at the beginning of each year. The CEO reviews the responses prior to every Board meeting to determine whether there are any conflicts with actions to be addressed at the meeting.”

Form 990, Part VI, Section B, line 15A

“The Board delegates compensation review to the Executive Committee, which serves as the Compensation Committee. The Committee reviews comparable data for salaries paid to executives. No board member receives compensation. All members of the Compensation Committee are independent persons. Minutes are maintained for meetings of the Compensation Committee.”

Form 990, Part VI, Section C, line 19

“The Bylaws, conflict of interest policy and audited financial statements are available for public or member inspection at any time during regular business hours of the organization.”

Part VII Compensation Information:

“Houston Academy of Medicine has a total of 38 employees, of which 36 are employed by the TMC Library. The remaining 2 are employed by ADP, a professional employer organization, and HAM reimburses the compensation costs of these 2 employees.”

Filing and Contact Details

Filer

Filer Name
Houston Academy of Medicine
EIN
74-1277657
Phone
7135244267
Address
1515 Hermann Drive, Houston, TX 77004-7126

Signing Officer

Name
Sean J Murphy
Title
Executive VP/CEO
Phone
7135244267
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean J Murphy
Formed
1915
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
38
Volunteers
300

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
Supplemental Narrative

Financial Statement Notes

Part III, Line 1A:

“The TMC Library maintains a historical collection of medical literature and research so current medical scholars and researchers can learn from the past.”

Part III, Line 4:

“The TMC Library was organized to support the activities and programs of its participating and supporting institutions as they relate to patient care, education, and research. The TMC Library fulfills its mission by collecting journals, books and other library materials in clinical medicine, the health sciences and other appropriate areas, by organizing and disseminating information and by providing instruction in the management of information using state-of-the-art technology.”

Part V, Line 4:

“The Endowment Funds are used to support the McGovern Historical Collection & Research Center and John P. McGovern Compleat Physician Award, an annual physician recognition award.”

Part XI, Line 2D - Other Adjustments:

“Intercompany contributions 20,000. Rental expenses 254,711.”

Part XII, Line 2D - Other Adjustments:

“Intercompany grants 20,000. Rental Expenses 254,711.”

Raw XML AppendixShowing 400 of 966 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/Form990PartVIISectionAGrp/TitleTxt0President
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt25TMC Library ED
IRS990/Form990PartVIISectionAGrp/TitleTxt26TMC Library CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt29Head of Research & Instruction
IRS990/Form990PartVIISectionAGrp/TitleTxt30VP Public Affairs
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