Morehouse Medicine

Legal name: Morehouse Healthcare Inc

Nonprofit profile at a glance

EIN
581627802
IRS 990 coverage
2019–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Atlanta, GA, USA
Phone
404-752-1000
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$33,727,057
Expenses
$35,065,983
Assets
$10,587,863
Liabilities
$2,219,412

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Valerie Montgomery Rice MD (President & CEO)

Highest reported compensation

  • Valerie Montgomery Rice MD (President & CEO): $2,259,716 total reported compensation
  • Joseph Adrian Tyndall MD (EVP Health Affairs & Dean): $717,501 total reported compensation
  • John H Stewart MD (Professor and Chairperson): $669,127 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide excellent quality, multidisciplinary healthcare to the community.

What it reported doing in 2024

Morehouse 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.

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 96% 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 75
  • Accountability: 42
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 16.7%; rating input score 17; 6th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 16% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 17% per year; rating input score 100; 85th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 91% of revenue deployed · 87.6% of spending went to programs
  • Governance: 1 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.7M in reported program spending
  • Leadership: top reported pay $2.3M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 17/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.