Methodist Lebonheur Healthcare
- Assets
- $1.9b
- Revenue
- $201.6m
- Investments
- $116.0k
- Employees
- 1,489
- Location
- Memphis, TN
- Founding
- 04/1982
- Data as of
- 12/2020
- EIN
- 58-1454711
Organization Overview
Methodist Lebonheur Healthcare is located in Memphis, TN. The organization was established in 1982. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Methodist Lebonheur Healthcare employed 1,489 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Lebonheur Healthcare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Methodist Lebonheur Healthcare generated $201.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $199.3m during the year ending 12/2020. While expenses have increased by 3.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Methodist Lebonheur Healthcare has awarded 302 individual grants totaling $10,755,411. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT AND SUPERVISION OF AFFILIATED HOSPITALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT METHODIST LE BONHEUR HEALTHCARE (MLH), WE TAKE OUR MISSION SERIOUSLY AND ARE COMMITTED TO FULFILLING OUR SOCIAL RESPONSIBILITY BY GIVING BACK TO THE COMMUNITY IN A MEANINGFUL WAY. MLH HAS CONTINUED TO BE THE LARGEST PROVIDER OF TENNCARE SERVICES IN THE STATE AND OUR FACILITIES SERVE ALL AREAS OF THE CITY AND COUNTY. AS A FAITH-BASED INSTITUTION, PROVIDING ACCESS TO HEALTHCARE FOR ALL OF THE COMMUNITY IS VERY IMPORTANT TO US. PLEASE SEE OUR EXTENDED DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ugwueke President/ceo/board Member | OfficerTrustee | 44 | $1,841,928 |
Dr Kathleen Forbes Evp/academic Group | Officer | 44 | $981,084 |
Charles Lane Svp/chief Financial Officer | Officer | 42 | $864,735 |
Susan Gail Thurmond SVP - Chief Quality Officer | Officer | 48 | $716,430 |
Narendranath Balasubramaniam SVP - Chief Human Resource Officer | Officer | 48 | $678,475 |
Monica Wharton Evp/chief Administrative Officer | Officer | 36 | $668,103 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation System Maintenance | 12/30/21 | $10,605,943 |
Or Nurses Nationwide Inc Nursing Staff | 12/30/21 | $3,226,618 |
Crosstown Master Tenant Llc Rental Fees | 12/30/21 | $2,393,200 |
Qualivis Llc Nursing Staff | 12/30/21 | $28,475,179 |
Medical Center Associates Rental Fees | 12/30/21 | $3,171,871 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,242,175 |
| Investment income | $10,857,105 |
| Tax Exempt Bond Proceeds | $80,214 |
| Royalties | $0 |
| Net Rental Income | $213,791 |
| Net Gain/Loss on Asset Sales | -$93,639 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,602,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,217,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,690,536 |
| Pension plan accruals and contributions | $5,113,530 |
| Other employee benefits | $9,694,792 |
| Payroll taxes | $6,893,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,175,351 |
| Fees for services: Accounting | $42,750 |
| Fees for services: Lobbying | $404,217 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,831,709 |
| Advertising and promotion | $2,499,591 |
| Office expenses | $19,993,168 |
| Information technology | $20,164,053 |
| Royalties | $0 |
| Occupancy | $5,215,710 |
| Travel | $165,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $507,670 |
| Interest | -$360,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,234,991 |
| Insurance | $1,088,806 |
| All other expenses | $0 |
| Total functional expenses | $199,307,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,484,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,459,783 |
| Prepaid expenses and deferred charges | $10,658,622 |
| Investments—publicly traded securities | $1,706,460,487 |
| Investments—other securities | $116,000 |
| Investments—program-related | $26,841,051 |
| Intangible assets | $0 |
| Other assets | $50,031,231 |
| Total assets | $1,862,271,903 |
| Accounts payable and accrued expenses | $80,865,246 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $507,540,207 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $296,666,341 |
| Total liabilities | $885,071,794 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $977,200,109 |
Grants Awarded
Over the last fiscal year, Methodist Lebonheur Healthcare has awarded $677,050 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: 2021 ANNUAL SUPPORT | $350,000 |
Dallas, TX PURPOSE: SPONSOR BENEFITS FEB 2021-SEPT 2023 | $50,000 |
Memphis, TN PURPOSE: ARTS EDUCATION & PROGRAMMING FALL GALA | $25,000 |
Kennesaw, GA PURPOSE: HOPE LODGE OPERATIONS SUPPORT | $25,000 |
Memphis, TN PURPOSE: OPERATIONAL SUPPORT | $25,000 |
ST MATTHEWS UNITED METHODIST PURPOSE: 1 MONTH SHELTER OPERATIONAL COST FOR HOMELESS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Lebonheur Healthcare has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: VOLUNTEER PROGRAM | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Norton Healthcare Inc Louisville, KY | $2,709,209,349 | $492,316,959 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |