Memorial Hermann Medical Group
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$305,440,966
Program Services
91%
Other
9%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$442,618,304
Salaries & Benefits
82%
Offices, Occupancy & IT
7%
Other
5%
Fees to Service Providers
4%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$242,292,490
$276,522,329
+14%
Membership Dues
$0
$0
-
Investments
$77,403
$95,839
+24%
Other
$22,591,537
$28,822,798
+28%
Total Revenues
$264,961,430
$305,440,966
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$318,174,456
$363,333,249
+14%
Fees to Service Providers
$16,662,504
$18,914,131
+14%
Advertising & Promotion
$18,871
$34,929
+85%
Offices, Occupancy & IT
$29,791,096
$29,849,358
+0%
Interest
$33,515
$19,471
-42%
Depreciation
$6,176,485
$6,662,463
+8%
Other
$17,254,577
$23,804,703
+38%
Total Expenses
$388,111,504
$442,618,304
+14%
Net income
2023
2024
Change
Net income
-$123,150,074
-$137,177,338
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$380,928,306
$434,765,863
+14%
Admin
$7,183,198
$7,852,441
+9%
Fundraising
$0
$0
-
Total Expenses
$388,111,504
$442,618,304
+14%
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