THE METHODIST HOSPITALS FOUNDATION INC

EIN: 271495289 501(c)(3) Health Care

GARY, IN

Total Revenue
$1,095,796
Total Expenses
$793,362
Total Assets
$938,822
Net Assets
$637,739
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
HEATHER MCCARTHY
Phone
2198864468
Tax Period
2023-01-01 to 2023-12-31

THE METHODIST HOSPITALS FOUNDATION INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $302K, a strong 28% operating margin.

Mission

TO PROMOTE THE HEALTH, SAFETY AND GENERAL WELFARE OF PERSONS IN THE COMMUNITY BY SUPPORTING FINANCIALLY AND OTHERWISE CONDUCTING ACTIVITIES WHICH BENEFIT THE METHODIST HOSPITALS, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,155,563
Program Service Revenue $0
Investment Income $4,371
Other Revenue $-64,138
TOTAL REVENUE $1,095,796

Expense Breakdown

Grants Paid $543,413
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $766,926
Other Expenses $249,949
TOTAL EXPENSES $793,362

Year-over-Year Comparison

2023 2022 Change
Revenue $1,095,796 $554,365 +1.0%
Expenses $793,362 $743,248 +0.1%
Net Income $302,434 $-188,883 -2.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
31

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$176,631
Total Directors
14
$651,157
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW DOYLE BOARD MEMBER 0.30
Director
$0 $18,681 $633,157
MATTISON DILTS BOARD MEMBER 0.30
Director
$0 $0 $6,000
GLENN S VICIAN BOARD MEMBER 0.20
Director
$0 $0 $6,000
HEATHER MCCARTHY PRESIDENT 0.20
Officer Director
$0 $0 $6,000
RONALD MCCOLLY VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
STEPHEN PLACE TREASURER 0.30
Officer Director
$0 $0 $0
MAHA ALZEIDAN BOARD MEMBER 0.40
Director
$0 $0 $0
PANNA BARAI MD BOARD MEMBER 0.20
Director
$0 $0 $0
SHARON CHAMBERS BOARD MEMBER 0.20
Director
$0 $0 $0
MIHAELA CONDURATEANU BOARD MEMBER 0.20
Director
$0 $0 $0
J NIALL MCSHANE BOARD MEMBER 0.80
Director
$0 $0 $0
GARY MILLER BOARD MEMBER 0.50
Director
$0 $0 $0
PATRICK SALVI BOARD MEMBER 0.20
Director
$0 $0 $0
CHAREICE WHITE BOARD MEMBER 0.20
Director
$0 $0 $0
JUDY LINDSEY EXECUTIVE DIRECTOR 40.00
Officer
$160,910 $9,721 $170,631
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,095,796 $793,362 $938,822 $302,434
2022 $554,365 $743,248 $355,836 $-188,883
2021 $384,182 $425,834 $527,455 $-41,652
2020 $412,611 $220,938 $569,443 $191,673
2019 $177,487 $112,291 $394,889 $65,196
2018 $361,853 $350,678 $374,608 $11,175
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