Baylor College of Medicine
Overview
Mission
Baylor College of Medicine is a health sciences university that creates knowledge and applies science and discoveries to further education, healthcare and community service locally and globally. Promote the highest standards of safety, quality and service Strive for excellence in every aspect of our mission Support an environment that inspires the best from our people. Strive for excellence in every aspect of our mission Support an environment that inspires the best from our people Building on Excellence. Support an environment that inspires the best from our people Building on Excellence Baylor College of Medicine consistently ranks as a top choice for medical students, graduate students and health professions students.
What it reported doing in 2024
Service - bcm affirms our covenant to serve the community. Foremost is our commitment to patients, both in our clinical practice and with affiliated hospitals. We strive to improve public health in all our endeavors and serve the community in all aspects of this process. Bcm students and residents spend much of their education and training in the college's seven primary care affiliated teaching hospitals where baylor faculty also provides patient care.
Operating model
- Revenue model
- Other-operating. 71% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 741613878
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Houston, TX, USA
- Phone
- 7137984951
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Graduate, Professional Schools (Separate Entities)
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 81
- Accountability: 99
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.3%; rating input score 93
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: $47.08 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 97.6%; rating input score 98; 52nd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: 6.8% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 14th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 93.3% of revenue deployed · 91.9% of spending went to programs
- Governance: 41 of 42 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $2.7B in reported program spending
- Leadership: top reported pay $4.7M · 76 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $98.9M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 28 filed money-flow records
- Related organizations: 17 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
76 people listed
Highest reported compensation
- PAUL E KLOTMAN MD (PRESIDENT/CEO, EXECUTIVE DEAN): $4,716,352 total reported compensation
- CHRISTOPHER LAVERGNE MD (ASSISTANT PROF): $2,122,783 total reported compensation
- Jeffrey Heinle MD (PROF/CONGENITAL HEART SURGERY): $2,108,462 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.