Methodist Health Inc
- Assets
- $117.5m
- Revenue
- $114.0m
- Investments
- $5.0m
- Employees
- 1,328
- Location
- Henderson, KY
- Founding
- 02/1956
- Data as of
- 06/2020
- EIN
- 61-0461753
Organization Overview
Methodist Health Inc, operating under the name Methodist Hospital, is located in Henderson, KY. The organization was established in 1956. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2020, Methodist Hospital employed 1,328 individuals. This organization is the central organization for a national or regional group of organizations. Methodist Hospital 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 06/2020, Methodist Hospital generated $114.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $135.6m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Methodist Hospital has awarded 14 individual grants totaling $645,293. 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
IN LINE WITH ITS CHRISTIAN HERITAGE, TO PROVIDE A BROAD BASED HEALTHCARE DELIVERY SYSTEM FOCUSING ON THE COMPASSIONATE, HIGH QUALITY AND COST EFFECTIVE SERVICES THAT ADDRESS MENTAL, SPIRITUAL AND PHYSICAL NEEDS AND WORK TO IMPROVE THE HEALTH STATUS OF THE PEOPLE IN THE COMMUNITIES SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
METHODIST HEALTH, INC. OFFERS A BROAD RANGE OF INPATIENT AND OUTPATIENT MEDICAL SERVICES INCLUDING INTENSIVE CARE, WOMEN'S SERVICES, NEONATOLOGY, SWING BED, EMERGENCY CARE, SURGICAL SERVICES, AMBULATORY CARE, RADIOLOGY SERVICES, PHYSICAL THERAPY, SLEEP DISORDERS, AND WOUND CARE SERVICES. THE COMMUNITIES WE SERVE INCLUDE HENDERSON, UNION, AND WEBSTER COUNTIES. METHODIST HOSPITAL IS AN ACUTE CARE HOSPITAL LOCATED IN HENDERSON, KY WITH 192 LICENSED BEDS. DURING FISCAL YEAR 2020, METHODIST HOSPITAL SERVED 3,029 INPATIENTS FOR A TOTAL OF 12,028 INPATIENT DAYS OF SERVICE. METHODIST HOSPITAL ALSO PROVIDED 223,000 OUTPATIENT VISITS WHICH INCLUDES 22,073 EMERGENCY ROOM VISITS. UNION COUNTY METHODIST HOSPITAL IS A CRITICAL ACCESS HOSPITAL IN UNION COUNTY, KY. DURING FY 2020, UNION COUNTY SERVED 448 INPATIENTS FOR A TOTAL OF 4,039 INPATIENT DAYS. UNION COUNTY ALSO PROVIDED 23,400 OUTPATIENT VISITS WHICH INCLUDED 6,634 EMERGENCY ROOM VISITS.
METHODIST HEALTH, INC. OFFERS A BROAD RANGE OF INPATIENT AND OUTPATIENT MEDICAL SERVICES INCLUDING INTENSIVE CARE, WOMEN'S SERVICES, NEONATOLOGY, SWING BED, EMERGENCY CARE, SURGICAL SERVICES, AMBULATORY CARE, RADIOLOGY SERVICES, PHYSICAL THERAPY, SLEEP DISORDERS, AND WOUND CARE SERVICES. THE COMMUNITIES WE SERVE INCLUDE HENDERSON, UNION, AND WEBSTER COUNTIES. METHODIST HOSPITAL IS AN ACUTE CARE HOSPITAL LOCATED IN HENDERSON, KY WITH 192 LICENSED BEDS. DURING FISCAL YEAR 2020, METHODIST HOSPITAL SERVED 3,029 INPATIENTS FOR A TOTAL OF 12,028 INPATIENT DAYS OF SERVICE. METHODIST HOSPITAL ALSO PROVIDED 223,000 OUTPATIENT VISITS WHICH INCLUDES 22,073 EMERGENCY ROOM VISITS. UNION COUNTY METHODIST HOSPITAL IS A CRITICAL ACCESS HOSPITAL IN UNION COUNTY, KY. DURING FY 2020, UNION COUNTY SERVED 448 INPATIENTS FOR A TOTAL OF 4,039 INPATIENT DAYS. UNION COUNTY ALSO PROVIDED 23,400 OUTPATIENT VISITS WHICH INCLUDED 6,634 EMERGENCY ROOM VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arshad Husain Physician | 50 | $743,826 | |
Sumalatha Satoor Physician | 50 | $635,976 | |
Ricardo Maddela Physician | 50 | $436,490 | |
Alan Tripp Physician | 50 | $403,647 | |
Vinod Soni Physician | 50 | $361,052 | |
Benny Nolen CEO (end 6/30/20) | Officer | 50 | $323,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Island Medical Henderson Llc Emergency Services | 6/29/20 | $550,000 |
Healthcare Resource Solutions Llc Billing & Collection Services | 6/29/20 | $1,252,238 |
Healthcare Resource Solutions Llc Billing & Collection Services | 6/29/20 | $1,252,238 |
Timothy E Craig Anesthesia Services | 6/29/20 | $600,000 |
Kentucky Emergency Emergency Services | 6/29/20 | $2,445,587 |
William Hudson Anesthesia Services | 6/29/20 | $510,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,358,013 |
| Investment income | $443,320 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $623,918 |
| Net Gain/Loss on Asset Sales | -$51,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,376 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,957,136 |
| 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. | $877,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,867,440 |
| Pension plan accruals and contributions | $4,915,970 |
| Other employee benefits | $6,622,032 |
| Payroll taxes | $3,203,614 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,470,352 |
| Fees for services: Accounting | $248,108 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,217,134 |
| Advertising and promotion | $166,062 |
| Office expenses | $902,272 |
| Information technology | $5,005,172 |
| Royalties | $0 |
| Occupancy | $2,175,547 |
| Travel | $45,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,480 |
| Interest | $2,007,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,421,128 |
| Insurance | $1,439,530 |
| All other expenses | $0 |
| Total functional expenses | $135,550,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,103,934 |
| Savings and temporary cash investments | $10,503,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,901,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,833 |
| Inventories for sale or use | $2,518,351 |
| Prepaid expenses and deferred charges | $1,451,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,984,931 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $878,261 |
| Total assets | $117,520,188 |
| Accounts payable and accrued expenses | $13,098,520 |
| Grants payable | $0 |
| Deferred revenue | $13,520,071 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $34,618,674 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,063,525 |
| Total liabilities | $97,300,790 |
| 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 | $20,219,398 |
Grants Awarded
Over the last fiscal year, Methodist Health Inc has awarded $151,670 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Henderson, KY PURPOSE: TO SUPPORT NURSING PROGRAM. | $70,000 |
Henderson, KY PURPOSE: TO SUPPORT NURSING PROGRAM. | $70,000 |
Henderson, KY PURPOSE: ECONOMIC DEVELOPMENT | $5,835 |
Henderson, KY PURPOSE: ECONOMIC DEVELOPMENT | $5,835 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Methodist Health Inc has recieved totaling $23,928.
| Awarding Organization | Amount |
|---|---|
Ky Hospital Research & Education Foundation Inc Louisville, KY PURPOSE: COVID-19 SUPPORT | $23,928 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |