Methodist Healthcare-Memphis
- Assets
- $1.1b
- Revenue
- $1.9b
- Investments
- $0.0
- Employees
- 12,556
- Location
- Memphis, TN
- Founding
- 09/1935
- Data as of
- 12/2021
- EIN
- 62-0479367
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
James Eason Physician | 40 | $1,724,453 | |
Stevan Himmelstein Physician | 40 | $1,281,534 | |
Shadwan Alsafwah Physician | 40 | $1,269,944 | |
Shailesh Patel Physician | 40 | $1,171,970 | |
Gregory Fink Physician | 40 | $1,032,876 | |
Michael Wiggins SVP - CEO Le Bonheur | Officer | 40 | $699,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrison Management Specialists Inc Contract Services | 12/30/21 | $6,694,259 |
Pediatric Anesthesiologists Pa Contract Services | 12/30/21 | $6,976,771 |
University Of Tennessee Physician Services | 12/30/21 | $34,358,010 |
Vitalant Contract Services | 12/30/21 | $9,224,324 |
American Foundation For Donation Contract Services | 12/30/21 | $8,232,438 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $4,061,947 |
| Compensation of current officers, directors, key employees. | $812,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,230,076 |
| Pension plan accruals and contributions | $31,204,714 |
| Other employee benefits | $61,389,301 |
| Payroll taxes | $45,951,648 |
| Fees for services: Management | $708,792 |
| Fees for services: Legal | $192,155 |
| Fees for services: Accounting | $1,909,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,651,212 |
| Advertising and promotion | $30,379 |
| Office expenses | $94,276,796 |
| Information technology | $7,016,443 |
| Royalties | $0 |
| Occupancy | $24,631,631 |
| Travel | $249,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,280,745 |
| Interest | $21,865,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,522,394 |
| Insurance | $14,505,599 |
| All other expenses | -$616,599 |
| Total functional expenses | $1,880,543,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$10,170,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,119,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,645 |
| Inventories for sale or use | $26,720,593 |
| Prepaid expenses and deferred charges | $6,882,544 |
| Net Land, buildings, and equipment | $811,205,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $39,303,540 |
| Intangible assets | $0 |
| Other assets | $1,259,794 |
| Total assets | $1,074,364,517 |
| Accounts payable and accrued expenses | $224,868,818 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $480,291 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,853,637 |
| Total liabilities | $249,202,746 |
| Net assets without donor restrictions | $825,161,771 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,074,364,517 |
Grants Awarded
Over the last fiscal year, Methodist Healthcare-Memphis has awarded $5,250,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TENNESSEE PURPOSE: OPERATIONAL SUPPORT OF PHYSICIAN CLINICS AT MHMH LOCATIONS | $5,000,000 |
Memphis, TN PURPOSE: OPERATIONAL SUPPORT | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Methodist Healthcare-Memphis has recieved totaling $5,591,277.
| Awarding Organization | Amount |
|---|---|
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 |
National Association Of Childrens Hospital And Related Institutions Washington, DC PURPOSE: CHILD'S PLAY GRANT | $25,000 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $23,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presence Central And Suburban Hospitals Network St Louis, MO | $520,201,301 | $798,952,140 |
Ssm Health Care Of Wisconsin Inc St Louis, MO | $1,113,460,770 | $681,842,146 |
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Mercy Hospital Joplin Joplin, MO | $216,336,948 | $224,274,083 |
Summit Medical Group Inc Erlanger, KY | $190,205,942 | $425,285,378 |
Ch Allied Services Inc Columbia, MO | $320,950,223 | $456,105,423 |
Tanner Medical Center Inc Carrollton, GA | $1,025,880,697 | $412,043,057 |
Fort Sanders Regional Medical Center Knoxville, TN | $273,614,041 | $362,235,984 |
Tanner Medical Center Carrollton, GA | $469,761,069 | $338,508,721 |
Houston Hospitals Inc Warner Robins, GA | $374,033,073 | $309,918,266 |
Sentara Princess Anne Hospital Norfolk, VA | $369,930,510 | $308,894,271 |
St Vincent Health Inc St Louis, MO | $155,131,578 | $231,980,617 |