Southwestern Medical Foundation
Nonprofit profile at a glance
- EIN
- 750945939
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Dallas, Texas, United States
- Phone
- 214-351-6143
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $183,069,250
- Expenses
- $55,305,025
- Assets
- $1,290,642,191
- Liabilities
- $11,373,178
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
95 people listed
Executive titles in this filing
- MICHAEL MCMAHAN (PRESIDENT AND CEO)
Highest reported compensation
- MICHAEL MCMAHAN (PRESIDENT AND CEO): $490,343 total reported compensation
- SARAH FLETCHER (CHIEF FINANCIAL OFFICER): $290,063 total reported compensation
- TRAE HOLMES (SENIOR DIRECTOR OF ACCOUNT): $196,272 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 support and inspire progress in medicine.
What it reported doing in 2024
Southwestern medical foundation ("foundation") was organized in 1939 as a Texas nonprofit corporation. The foundation is exempt from income tax under section 501(c)(3) of the u.s. Internal revenue code as a charitable organization.programs supported by the foundation are primarily benefitting ut southwestern medical center as a leading biomedical institution in education, research and patient care, and its principal affiliated institutions. The foundation also provides support to other exempt civic and medical organizations, and provides scholarship awards to medical students and other health care providers. The foundation sponsors informational lectures that feature expert speakers in various fields. The foundation earns no income from these lectures.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 90
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.9%; rating input score 73
- Program expense ratio: 90.2%; rating input score 90
- Fundraising efficiency: $30.94 raised per $1 spent on fundraising; rating input score 66; 66th 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 99.7%; rating input score 100; 43rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 69.8%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 23.34; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -3.2% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 72.9% of revenue deployed · 90.2% of spending went to programs
- Governance: 87 of 87 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $49.9M in reported program spending
- Leadership: top reported pay $490K · 95 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 69 filed money-flow records
- Related organizations: 62 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.