Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
EIN 82-3136541 • 501(c)3 • Houston, TX
Profile
Provide support to the texas medical center.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
83rd percentile
Higher debt load relative to assets than 83% of similar nonprofits.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
99th percentile
Higher top officer pay than 99% of similar nonprofits.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Up$49,796,115
Up $12,966,085 (+35%) from 2023
Liabilities
Up$34,501,305
Up $15,289,474 (+80%) from 2023
Net Assets
Down$15,294,810
Down $2,323,389 (-13%) from 2023
Revenue
Down-$10,682
Down $137,096 (-108%) from 2023
Expenses
Down$258,117
Down $113,794 (-31%) from 2023
Net Income
Down-$268,799
Down $23,302 (-9.5%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Provide support to the texas medical center.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $33,425,249 | $42,730,756 | ▲ $9,305,507 |
| Other Notes and Loans Receivable, Net | $3,322,343 | $7,008,524 | ▲ $3,686,181 |
| Cash and Non-Interest-Bearing Accounts | $32,797 | $31,345 | ▼ $1,452 |
| Investments in Publicly Traded Securities | $49,641 | $25,490 | ▼ $24,151 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Accounts Receivable | $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 Program Related | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $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 | $36,830,030 | $49,796,115 | ▲ $12,966,085 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $19,200,485 | $34,482,041 | ▲ $15,281,556 |
| Accounts Payable and Accrued Expenses | $11,346 | $19,264 | ▲ $7,918 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $19,211,831 | $34,501,305 | ▲ $15,289,474 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $17,618,199 | $15,294,810 | ▼ $2,323,389 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $17,618,199 | $15,294,810 | ▼ $2,323,389 |
| Total Liabilities and Net Assets / Fund Balance | $36,830,030 | $49,796,115 | ▲ $12,966,085 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $4,919,622 | - | - |
| Name | Title |
|---|---|
| Greg Moore | Chairperson |
| William Mckeon | President |
| Alexandra Pruner | Vice Chairperson |
| Charles W Hall | Secretary |
| Denise Castillo-rhodes | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $169,574 |
| Salaries, Compensation, and Employee Benefits | $88,543 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $108,992 | $0 | $0 | $108,992 |
| Other Salaries and Wages | $66,923 | $0 | $0 | $66,923 |
| Fees for Service Investment Mgmnt Fees | $34,458 | $0 | $0 | $34,458 |
| Other Employee Benefits | $18,012 | $0 | $0 | $18,012 |
| Conferences and Meetings | $13,229 | $0 | $0 | $13,229 |
| Fees for Services Accounting | $10,115 | $0 | $0 | $10,115 |
| Payroll Taxes | $3,608 | $0 | $0 | $3,608 |
| Travel | $2,642 | $0 | $0 | $2,642 |
| Office Expenses | $138 | $0 | $0 | $138 |
| Total Functional Expenses | $258,117 | $0 | $0 | $258,117 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $264,741 |
| Total Expenses per Form 990 | $258,117 |
| Expenses Not Reported on Form 990 | $6,624 |
| Expenses per Audited Statements | $-6,624 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Liability | Amount |
|---|---|
| Payable to Texas Medical Cente | $32,809,815 |
| Payable to Tmc Foundation | $1,672,226 |
“The preparer reviews the form 990 with the cfo. The form 990 is distributed to and reviewed by the audit committee. The final 990 is made available to the board of directors prior to filing.”
“Conflict of interest statements are completed annually by the board of directors, officers and key employees. The statements are reviewed by the legal department. If a conflict were to arise, the board member would be required to dismiss himself/herself from any discussions or decisions regarding the area of conflict.”
“The tmc board of director's meets annually as part of the president's annual review and compensation. The board reviews the performance of the company and the president's performance to decide compensation. During this process, the board also receives performance review and compensation information on each member of the executive leadership team.”
“Texas medical center venture fund's governing documents, conflict of interest policy and financial statements are available upon request.”
“In keeping with the tmc's mission of serving the health, education, and research needs of texas and the world, the tmc venture fund invests in early-state technologies and companies in the healthcare and life sciences space.”
“Intercompany Adjustment ($6,624)”
“Form 990, schedule d, part x, line 2 as of december 31, 2024 and 2023, the corporation has no material liabilities related to uncertain tax positions.”
“Intercompany Adjustment: $6,624”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 11346 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 19264 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE SUPPORT TO THE TEXAS MEDICAL CENTER. |
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| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | DENISE CASTILLO-RHODES |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7137916104 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2450 HOLCOMBE BLVD SUITE 1 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HOUSTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 77021 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 31345 |
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| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
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| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 13229 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 13229 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
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| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -10682 |
| IRS990/CYOtherExpensesAmt | 0 | 169574 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -268799 |
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| IRS990/CYTotalExpensesAmt | 0 | 258117 |
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| IRS990/CYTotalRevenueAmt | 0 | -10682 |
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| IRS990/Desc | 0 | SEE SCHEDULE O |
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| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
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| IRS990/FamilyOrBusinessRlnInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 10115 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
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| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 40.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 3.0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 67583 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 34500 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALEXANDRA PRUNER |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 15294810 |
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| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
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| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 15294810 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -6624 |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 18012 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 18012 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 19200485 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 34482041 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 66923 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 66923 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 3322343 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 7008524 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 3608 |
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| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
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| IRS990/PrincipalOfficerNm | 0 | WILLIAM MCKEON |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990, SCHEDULE D, PART X, LINE 2 AS OF DECEMBER 31, 2024 AND 2023, THE CORPORATION HAS NO MATERIAL LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Intercompany Adjustment: $6,624 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | UNCERTAIN TAX POSITIONS |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D: |
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| IRS990ScheduleJ/Form990OfOtherOrganizationsInd | 0 | X |
| IRS990ScheduleJ/IndependentConsultantInd | 0 | X |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 229177 |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
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