NEBRASKA METHODIST HOSPITAL FOUNDATION

EIN: 470595345 501(c)(3) Health Care

OMAHA, NE

Total Revenue
$14,306,833
Total Expenses
$15,441,358
Total Assets
$162,792,890
Net Assets
$160,849,544
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NE
Principal Officer
TRACY MADDEN-MCMAHON
Phone
4023544840
Tax Period
2023-01-01 to 2023-12-31

NEBRASKA METHODIST HOSPITAL FOUNDATION, founded in 1977, is a mid-sized nonprofit in the Health Care sector that reported $14.3M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Net assets of $160.8M represent 135 months of operating reserves.

Mission

TO IMPROVE THE QUALITY OF LIFE BY SUPPORTING EXCELLENCE IN HEALTH CARE AND HEALTH CARE EDUCATION PROVIDED BY METHODIST HEALTH SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $10,283,017

NEBRASKA METHODIST HOSPITAL FOUNDATION RAISES, PROTECTS AND DISTRIBUTES FUNDS THAT IMPROVE HEALTH CARE FOR THE COMMUNITY. WORKS OF THE HEART ARE PROGRAMS SUPPORTED BY METHODIST HOSPITAL FOUNDATION...

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NEBRASKA METHODIST HOSPITAL FOUNDATION RAISES, PROTECTS AND DISTRIBUTES FUNDS THAT IMPROVE HEALTH CARE FOR THE COMMUNITY. WORKS OF THE HEART ARE PROGRAMS SUPPORTED BY METHODIST HOSPITAL FOUNDATION THAT ARE DIVIDED INTO THREE AREAS: CANCER CARE, CHARITABLE CARE, AND COMMUNITY SERVICE. MORE THAN 48,000 INDIVIDUALS EACH YEAR ARE TOUCHED BY THE DISTRIBUTIONS FROM WORKS OF THE HEART PROGRAMS. THOUSANDS MORE BENEFIT INDIRECTLY THROUGH RESEARCH, COMMUNITY HEALTH AWARENESS AND TRAINING FOR HEALTH CARE PROFESSIONALS.THE FOUNDATION SUPPORTS NEBRASKA METHODIST HOSPITAL'S METHODIST ESTABROOK CANCER CENTER AS IT SEEKS TO PREVENT, DIAGNOSE AND TREAT CANCER IN OUR COMMUNITY. METHODIST ESTABROOK CANCER CENTER IS AT THE CENTER OF THE HOSPITAL'S COORDINATED EFFORT IN HELPING ITS PATIENTS THROUGH THE DELICATE BALANCING ACT OF DEALING WITH PHYSICAL SYMPTOMS AND EMOTIONAL STRESS AND UNCERTAINTY OF THE DISEASE. OTHER AREAS OF CANCER CARE SUPPORT INCLUDE ONCOLOGY RESEARCH, THE LUNG AND THORACIC ONCOLOGY CLINIC AND CANCER CENTER LIBRARY.CHARITABLE CARE PROGRAMS PROVIDED FUNDING FOR APPROXIMATELY 12,400 PATIENTS UNABLE TO AFFORD CARE. THE FOUNDATION WORKS CLOSELY WITH MEDICAL SOCIAL WORKERS AND THE HOSPITAL BUSINESS OFFICE TO PROVIDE FINANCIAL ASSISTANCE TO PATIENTS GENUINELY UNABLE TO AFFORD HEALTH CARE SERVICES. THE FOUNDATION ALSO FUNDS A LIMITED SUPPLY OF PRESCRIPTION MEDICATION UNTIL A LONG-TERM SOLUTION IS DETERMINED.IN 2023, THE FOUNDATION DONATED CAPITAL OF $728,783 TO NEBRASKA METHODIST HOSPITAL FOR USE IN EXPANDING AND REMODLING A NEW EMERGENCY DEPARTMENT FACILITY.

Program 2
Expenses: $2,375,096

THE FOUNDATION PROVIDES EDUCATIONAL ASSISTANCE. IT SUPPORTS NEBRASKA METHODIST COLLEGE - THE JOSIE HARPER CAMPUS AS IT SEEKS TO PROVIDE EXCELLENCE IN HEALTHCARE EDUCATION. IN ADDITION THE NEBRASKA...

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THE FOUNDATION PROVIDES EDUCATIONAL ASSISTANCE. IT SUPPORTS NEBRASKA METHODIST COLLEGE - THE JOSIE HARPER CAMPUS AS IT SEEKS TO PROVIDE EXCELLENCE IN HEALTHCARE EDUCATION. IN ADDITION THE NEBRASKA METHODIST COLLEGE ONLINE INSTITUTE RECEIVED FUNDING DURING 2023.OVER 11,000 STUDENTS AND HEALTH CARE PROFESSIONALS RECEIVED ASSISTANCE FOR HEALTHCARE-RELATED EDUCATIONAL TRAINING/CONTINUING EDUCATION.

Program 3
Expenses: $222,339

THE FOUNDATION IS COMMITTED TO BEING A GOOD NEIGHBOR TO THE OMAHA COMMUNITY GOING BEYOND THE WALLS OF NEBRASKA METHODIST HOSPITAL.THE COMMUNITY COUNSELING PROGRAM WAS ESTABLISHED TO ADDRESS THE NEED...

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THE FOUNDATION IS COMMITTED TO BEING A GOOD NEIGHBOR TO THE OMAHA COMMUNITY GOING BEYOND THE WALLS OF NEBRASKA METHODIST HOSPITAL.THE COMMUNITY COUNSELING PROGRAM WAS ESTABLISHED TO ADDRESS THE NEED FOR AN EFFECTIVE YOUTH INTERVENTION PROGRAM. METHODIST HOSPITAL AND METHODIST FOUNDATION HAVE ESTABLISHED A UNIQUE COLLABORATION WITH THE OMAHA PUBLIC SCHOOLS AND SEVERAL AREA CHURCHES WHERE FREE, CONFIDENTIAL COUNSELING IS MADE AVAILABLE. METHODIST HOSPITAL FOUNDATION PROVIDES THE FUNDING FOR THE TEAM OF EXPERIENCED, LICENSED, MASTERS-LEVEL COUNSELORS. SCHOOLS PROVIDE THE SPACE FOR COUNSELORS TO MEET WITH STUDENTS. CHURCHES PROVIDE SPACE FOR COUNSELORS TO MEET WITH STUDENTS' FAMILIES OR OTHER MEMBERS OF THE COMMUNITY IN A COMFORTABLE, NEIGHBORHOOD SETTING. THE COVID-19 PANDEMIC OF 2020 - 2022 DEMONSTRATED EVEN MORE THE NEED FOR THE FOUNDATION'S SERVICES TO PROVIDE COMFORT AND CARE FOR THOSE IMPACTED. WHILE THE FULL BENEFIT TO INDIVIDUALS, FAMILIES AND SCHOOLS SERVED MAY BE IMPOSSIBLE TO MEASURE, THE COST OF SIMILAR SERVICES IN THE OMAHA METROPOLITAN AREA AVERAGES OVER $100 PER HOUR. OVER 11,500 INDIVIDUALS WERE SERVED THROUGH THIS PROGRAM IN 2023.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,164,487
Program Service Revenue $0
Investment Income $6,149,293
Other Revenue $-6,947
TOTAL REVENUE $14,306,833

Expense Breakdown

Grants Paid $12,204,157
Salaries & Benefits $906,666
Fundraising Expenses $1,267,845
Program Expenses $12,968,116
Other Expenses $2,330,535
TOTAL EXPENSES $15,441,358

Year-over-Year Comparison

2023 2022 Change
Revenue $14,306,833 $8,369,758 +0.7%
Expenses $15,441,358 $14,438,936 +0.1%
Net Income $-1,134,525 $-6,069,178 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
35
Independent Members
32
Employees
8
Volunteers
382

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
6
$1,210,246
Total Directors
35
$829,385
Key Employees
1
$301,018
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW LATACHA MD DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY NORTHAM MD DIRECTOR 1.00
Director
$0 $36,939 $428,041
JOSEPH MCCASLIN MD DIRECTOR 1.00
Director
$0 $62,572 $401,344
MARK BRASEE DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN HOFFMAN MD DIRECTOR 1.00
Director
$0 $0 $0
ANDREW ROBERTSON MD DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE F UEBNER TREASURER 8.00
Officer Director
$0 $0 $0
ELIZABETH MURPHY DIRECTOR 1.00
Director
$0 $0 $0
TODD ENGLE DIRECTOR 1.00
Director
$0 $0 $0
DENNIS BLACKMAN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN DENNIS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT DAMROW IMMEDIATE PAST CHAIRPERSON 1.00
Director
$0 $0 $0
KATHY KOSLOSKY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ADRIANA CISNEROS BASULTO DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE KOTULA DIRECTOR 1.00
Director
$0 $0 $0
CANDI JONES DIRECTOR 1.00
Director
$0 $0 $0
RICHARD KUTILEK MD DIRECTOR 1.00
Director
$0 $0 $0
KHALID AWAD MD DIRECTOR 1.00
Director
$0 $0 $0
JESSICA THOMAS DIRECTOR 1.00
Director
$0 $0 $0
NICK HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
SUZAN KARRER ROHRIG DIRECTOR 1.00
Director
$0 $0 $0
JOHN MITCHELL MD VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
LINDA ROEDER DIRECTOR 1.00
Director
$0 $0 $0
JAN MULLER DIRECTOR 1.00
Director
$0 $0 $0
LARRY PEARSON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS MCGOWAN DIRECTOR 1.00
Director
$0 $0 $0
JERRY FISCHER MD DIRECTOR 1.00
Director
$0 $0 $0
JEANIE OWEN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA PARKER DIRECTOR 1.00
Director
$0 $0 $0
KATHY WILSON SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT LANGDON MD DIRECTOR 1.00
Director
$0 $0 $0
ABIGAIL DELANEY MD DIRECTOR 1.00
Director
$0 $0 $0
EMILY PATEL MD DIRECTOR 1.00
Director
$0 $0 $0
MIKE MATUKEWICZ DIRECTOR 1.00
Director
$0 $0 $0
DORI STANFIELD DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY FRANCIS CFO 3.00
Officer
$0 $148,176 $807,910
TRACY MADDEN-MCMAHON PRESIDENT 40.00
Officer
$0 $75,410 $402,336
TOM ELSER DEVELOPMENT OFFICER 40.00
Key Emp
$0 $52,780 $301,018
RYANNE ELSESSER OPERATIONS OFFICER 40.00
Highest
$139,854 $31,884 $171,738
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 $14,306,833 $15,441,358 $162,792,890 $-1,134,525
2022 $8,369,758 $14,438,936 $149,123,880 $-6,069,178
2021 $26,097,640 $12,531,936 $173,830,201 $13,565,704
2020 $19,861,224 $18,212,925 $157,766,202 $1,648,299
2019 $31,880,467 $10,230,119 $153,246,912 $21,650,348
2018 $16,173,118 $16,710,873 $127,543,499 $-537,755
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