THE METHODIST HOSPITALS INC (EIN 350868133) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

MATTHEW DOYLE

Phone

2198864402

Tax Period

2023-01-01 to 2023-12-31

THE METHODIST HOSPITALS INC, founded in 1941, is a major nonprofit in the Health Care sector that reported $472.2M in total revenue in fiscal year 2023.

Mission

THE METHODIST HOSPITALS, INC. (METHODIST) IS AN INDIANA NONPROFIT CORPORATION OPERATING TWO GENERAL ACUTE CARE HOSPITALS IN NORTHWEST INDIANA. AS GENERAL ACUTE CARE FACILITIES, METHODIST PROVIDES A BROAD RANGE OF DIAGNOSTIC, THERAPEUTIC, EMERGENCY, REHABILITATION, RADIATION ONCOLOGY, INPATIENT, OUTPATIENT, AND ANCILLARY SERVICES. METHODIST'S MISSION IS TO PROVIDE HIGH QUALITY HEALTHCARE TO ALL PERSONS REGARDLESS OF THEIR RACE, RELIGION, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. METHODIST STRIVES TO PROVIDE APPROPRIATE HEALTH EDUCATION, WELLNESS, AND PREVENTATIVE SERVICES. IN ADDITION, METHODIST IS COMMITTED TO BEING A RESPONSIBLE MEMBER OF THE COMMUNITY, OFFERING ITS RESOURCES TO ASSIST IN THE ACCOMPLISHMENT OF COMMUNITY OBJECTIVES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $947,964

Program Service Revenue $464,966,672

Investment Income $6,736,013

Other Revenue $-411,115

TOTAL REVENUE $472,239,534

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $202,813,679

Fundraising Expenses $0

Program Expenses $428,285,333

Other Expenses $282,546,138

TOTAL EXPENSES $485,389,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$472,239,534	$448,961,964	+0.1%
Expenses	$485,389,817	$459,386,937	+0.1%
Net Income	$-13,150,283	$-10,424,973	+0.3%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2833

Volunteers

N/A

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

$1,044,823

Total Directors

$151,270

Key Employees

$1,461,932

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BHARAT H BARAI MD	BOARD MEMBER	2.00	Director	$92,270	$0	$92,270
JOHN A LOWENSTINE CPA	BOARD VICE-CHAIRMAN	2.20	Officer Director	$6,000	$0	$6,000
GLENN S VICIAN	BOARD SECRETARY	2.20	Officer Director	$6,000	$0	$6,000
MATTISON A DILTS	BOARD TREASURER	2.20	Officer Director	$6,000	$0	$6,000
SCOTT J MAY CPA	BOARD MEMBER	2.00	Director	$6,000	$0	$6,000
KATRINA WRIGHT MD	BOARD MEMBER	2.00	Director	$6,000	$0	$6,000
ROBERT E JOHNSON III	BOARD CHAIRMAN	2.20	Officer Director	$5,500	$0	$5,500
SHELICE R TOLBERT	BOARD MEMBER	2.00	Director	$5,500	$0	$5,500
CURTIS A WHITTAKER SR CPA	BOARD MEMBER	2.00	Director	$5,500	$0	$5,500
CHERYL L PRUITT PHD	BOARD MEMBER	2.00	Director	$5,000	$0	$5,000
RITA R JACKSON	BOARD MEMBER	2.00	Director	$4,000	$0	$4,000
SCOTT K STEINWART	BOARD MEMBER - BEG 6/2023	2.00	Director	$3,500	$0	$3,500
MARTI G LUNDY PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
MAMON POWERS JR	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW DOYLE	PRESIDENT, CHIEF EXECUTIVE OFFICER	40.00	Officer	$614,476	$72,782	$687,258
LAUREN TRUMBO CPA	CHIEF FINANCIAL OFFICER	40.00	Officer	$323,563	$10,502	$334,065
VINCENT L SEVIER MD	SENIOR VP, CHIEF MEDICAL OFFICER	40.00	Key Emp	$421,249	$51,978	$473,227
MARLA HOYER-LAREAU	SENIOR VP, CHIEF NURSING & OPERATION	40.00	Key Emp	$344,201	$42,959	$387,160
WRIGHT ALCORN	VICE PRESIDENT, OPERATIONS	40.00	Key Emp	$307,191	$20,255	$327,446
RICK RHEW	VICE PRESIDENT, HUMAN RESOURCES	40.00	Key Emp	$248,770	$25,329	$274,099
ANDRE K ARTIS	PHYSICIAN	40.00	Highest	$800,423	$25,203	$825,626
MIHAS M KODENCHERY	PHYSICIAN	40.00	Highest	$785,254	$27,882	$813,136
NICHOLAS B WALLACE	PHYSICIAN	40.00	Highest	$696,222	$18,712	$714,934
HARISH A SHAH	PHYSICIAN	40.00	Highest	$635,165	$23,518	$658,683
MAJD KANBOUR	PHYSICIAN	40.00	Highest	$739,825	$26,358	$766,183

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	$472,239,534	$485,389,817	$381,830,429	$-13,150,283
2022	$448,961,964	$459,386,937	$395,467,551	$-10,424,973
2021	$429,933,384	$418,851,971	$450,065,579	$11,081,413
2020	$409,871,184	$396,805,172	$450,659,553	$13,066,012
2019	$383,314,774	$389,325,700	$368,092,378	$-6,010,926
2018	$402,687,580	$390,757,937	$360,852,303	$11,929,643

THE METHODIST HOSPITALS INC