Methodist Healthcare-Memphis

Organization Overview

Methodist Healthcare-Memphis is located in Memphis, TN. The organization was established in 1935. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Methodist Healthcare-Memphis employed 12,556 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Healthcare-Memphis 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 12/2021, Methodist Healthcare-Memphis generated $1.9b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.9b during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

METHODIST HEALTHCARE-MEMPHIS HOSPITALS, IN PARTNERSHIP WITH ITS MEDICAL STAFF, IS THE PREMIER, COMPREHENSIVE HEALTHCARE PROVIDER SERVING PATIENTS AND FAMILIES IN ITS SURROUNDING COMMUNITIES. HIGH QUALITY, PATIENT AND FAMILY-CENTERED CARE IS PROVIDED IN A PERSONALIZED ENVIRONMENT.

Describe the Organization's Program Activity:

METHODIST HEALTHCARE - MEMPHIS HOSPITALS IS A 501(C)(3) NON-PROFIT ORGANIZATION CONSISTING OF FIVE HOSPITALS WITHIN AN INTEGRATED HEALTHCARE DELIVERY SYSTEM BASED IN MEMPHIS, TENNESSEE. THE FIRST METHODIST HOSPITAL IN THE SYSTEM WAS FOUNDED IN 1918 BY THE UNITED METHODIST CHURCH TO HELP MEET THE GROWING NEEDS FOR QUALITY HEALTHCARE IN THE MID-SOUTH. AFFILIATED WITH THE MEMPHIS, MISSISSIPPI AND ARKANSAS CONFERENCES OF THE UNITED METHODIST CHURCH, METHODIST HEALTHCARE - MEMPHIS HOSPITALS COMBINE A DEDICATION TO THE ART OF HEALING WITH A CHRIST-CENTERED COMMITMENT TO MINISTER TO THE WHOLE PERSON.


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Board, Officers & Key Employees

Name (title)Compensation
James Eason
Physician
$1,724,453
Stevan Himmelstein
Physician
$1,281,534
Shadwan Alsafwah
Physician
$1,269,944
Shailesh Patel
Physician
$1,171,970
Gregory Fink
Physician
$1,032,876
Michael Wiggins
SVP - CEO Le Bonheur
$699,164

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vitalant
Contract Services
$9,224,324
American Foundation For Donation
Contract Services
$8,232,438
University Of Tennessee
Physician Services
$34,358,010
Pediatric Anesthesiologists Pa
Contract Services
$6,976,771
Morrison Management Specialists Inc
Contract Services
$6,694,259
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,525,219
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$15,561
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,540,780
Total Program Service Revenue$1,864,128,695
Investment income $30,559,414
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,433,454
Net Gain/Loss on Asset Sales $6,525,079
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $93,874
Miscellaneous Revenue$0
Total Revenue $1,919,877,386

Grants Awarded

Over the last fiscal year, Methodist Healthcare-Memphis has awarded $5,250,000 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF TENNESSEE

PURPOSE: OPERATIONAL SUPPORT OF PHYSICIAN CLINICS AT MHMH LOCATIONS

$5,000,000

LE BONHEUR COMMUNITY HEALTH & WELL-BEING

Org PageRecipient Profile

Memphis, TN

PURPOSE: OPERATIONAL SUPPORT

$250,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Methodist Healthcare-Memphis has recieved totaling $5,591,277.

Awarding OrganizationAmount
Le Bonheur Childrens Hospital Foundation

Memphis, TN

PURPOSE: CAPITAL ACQUISITIONS

$2,649,617
Le Bonheur Childrens Hospital Foundation

Memphis, TN

PURPOSE: FEDEX FAMILY HOUSE

$1,662,563
Le Bonheur Childrens Hospital Foundation

Memphis, TN

PURPOSE: OPERATIONAL SUPPORT - MARKETING

$1,169,576
Methodist Healthcare Foundation

Memphis, TN

PURPOSE: CAPITAL ACQUISITION

$43,463
$25,000
United Way Of The Mid-South

Memphis, TN

PURPOSE: SEE SCH O

$23,744
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Presence Central And Suburban Hospitals Network
St Louis, MO
$798,952,140
Ssm Health Care Of Wisconsin Inc
St Louis, MO
$681,842,146
East Carolina Health
Greenville, NC
$578,861,650
Mercy Hospital Joplin
Joplin, MO
$224,274,083
Summit Medical Group Inc
Erlanger, KY
$425,285,378
Ch Allied Services Inc
Columbia, MO
$456,105,423
Tanner Medical Center Inc
Carrollton, GA
$412,043,057
Fort Sanders Regional Medical Center
Knoxville, TN
$362,235,984
Tanner Medical Center
Carrollton, GA
$338,508,721
Houston Hospitals Inc
Warner Robins, GA
$309,918,266
Sentara Princess Anne Hospital
Norfolk, VA
$308,894,271
St Vincent Health Inc
St Louis, MO
$231,980,617

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