Methodist Le Bonheur Healthcare Inc

EIN: 581454711 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$209,828,824
Total Expenses
$232,675,028
Total Assets
$1,472,099,184
Net Assets
$820,652,998
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TN
Phone
9015160791
Tax Period
2023-01-01 to 2023-12-31

Methodist Le Bonheur Healthcare Inc, founded in 1982, is a major nonprofit in the Health Care sector that reported $209.8M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $232.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

METHODIST LE BONHEUR HEALTHCARE, IN PARTNERSHIP WITH ITS MEDICAL STAFFS, WILL COLLABORATE WITH PATIENTS AND THEIR FAMILIES TO BE THE LEADER IN PROVIDING HIGH QUALITY, COST-EFFECTIVE PATIENT AND FAMILY-CENTERED CARE. SERVICES WILL BE PROVIDED IN A MANNER WHIC

Program Service Accomplishments

Program 1
Expenses: $29,662,099 Revenue: $202,709,230

AT METHODIST LE BONHEUR HEALTHCARE (MLH), WE TAKE OUR MISSION SERIOUSLY AND ARE COMMITTED TO FULFILLING OUR SOCIAL RESPONSIBILITY BY GIVING BACK TO THE COMMUNITY IN A MEANINGFUL WAY. MLH HAS...

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AT METHODIST LE BONHEUR HEALTHCARE (MLH), WE TAKE OUR MISSION SERIOUSLY AND ARE COMMITTED TO FULFILLING OUR SOCIAL RESPONSIBILITY BY GIVING BACK TO THE COMMUNITY IN A MEANINGFUL WAY. MLH HAS CONTINUED TO BE THE LARGEST PROVIDER OF TENNCARE SERVICES IN THE STATE AND OUR FACILITIES SERVE ALL AREAS OF THE CITY AND COUNTY. AS A FAITH-BASED INSTITUTION, PROVIDING ACCESS TO HEALTHCARE FOR ALL OF THE COMMUNITY IS VERY IMPORTANT TO US. THE FIVE (5) FACILITIES OF METHODIST HEALTHCARE - MEMPHIS HOSPITALS ARE LICENSED AS ONE HOSPITAL. IT IS THE THIRD LARGEST HOSPITAL IN THE COUNTRY. METHODIST HAS FIVE MAJOR AREAS OF FOCUS: CARDIOLOGY, CANCER, NEUROSCIENCES, TRANSPLANT, AND PEDIATRICS. IN 2023 MLH CONTRIBUTED MORE THAN $293 MILLION IN COMMUNITY BENEFIT TO MEMPHIS AND THE MID-SOUTH THROUGH VARIOUS EFFORTS INCLUDING, CHARITY CARE, MEDICARE/TNCARE SHORTFALL, MEDICAL EDUCATION, AND COMMUNITY HEALTH IMPROVEMENT SERVICES. NET COMMUNITY BENEFIT EXPENSE IS CALCULATED USING A STANDARD APPROACH AS REQUIRED FOR GOVERNMENT BENEFIT REPORTING. METHODIST LE BONHEUR HEALTHCARE (MLH) HAS SERVED THE MEMPHIS AND MID-SOUTH REGION FOR MORE THAN 100 YEARS. OUR FIVE ADULT HOSPITALS ARE LOCATED ACROSS THE CITY, AND ARE PART OF THE COMMUNITIES THEY SERVE. OUR CHILDREN'S HOSPITAL IS THE REGION'S ONLY COMPREHENSIVE PEDIATRIC HOSPITAL. OUR PHYSICIANS, NURSES AND OTHER CLINICIANS LIVE IN THE COMMUNITIES THAT THEY SERVE AND PROVIDE EXPERT CARE INSIDE THE HOSPITALS AND PREVENTATIVE SERVICES IN THEIR NEIGHBORHOODS. OUR ORGANIZATION IS COMMITTED TO IMPROVING THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE, PROVIDING UNCOMPENSATED CARE, CHARITABLE CONTRIBUTIONS TO OTHER COMMUNITY ORGANIZATIONS AND COMMUNITY OUTREACH. WE EMPLOY 250 HEALTH CARE PROFESSIONALS TO ADDRESS COMMUNITY NEEDS AS THEY RELATE TO FOUR MAJOR AREAS: ACCESS TO SERVICES, RISK REDUCTION, CHILD DEVELOPMENT AND EFFECTIVE PARENTING AND CHRONIC ILLNESS MANAGEMENT AND PREVENTION. EXAMPLES INCLUDE PROGRAMS THAT OFFER FREE OR DISCOUNTED PRESCRIPTION DRUGS, NON-BILLED, IN-HOME SERVICES, IN-HOME EQUIPMENT, TRANSPORTATION VOUCHERS, CHILDBIRTH CLASSES AND A VARIETY OF HEALTH FAIRS ALL AIMED AT KEEPING OUR COMMUNITIES HEALTHY. MLH HAS RECEIVED REGIONAL AND NATIONAL RECOGNITION FOR THE CARE IT PROVIDES. METHODIST ADULT HOSPITALS IN THE MEMPHIS AREA, WHICH INCLUDE METHODIST UNIVERSITY, METHODIST LE BONHEUR GERMANTOWN, METHODIST NORTH AND METHODIST SOUTH, ARE RANKED AS A TOP HOSPITAL IN THE REGION BY U.S. NEWS & WORLD REPORT. In 2024 METHODIST OLIVE BRANCH HOSPITAL IN NORTH MISSISSIPPI Became A CMS 5-STAR HOSPITAL, THE ONLY HOSPITAL IN THE REGION TO BE SO RECOGNIZED FOR BOTH QUALITY AND PATIENT EXPERIENCE. LE BONHEUR CHILDREN'S HOSPITAL HAS BEEN NAMED A "BEST CHILDREN'S HOSPITAL" BY U.S. NEWS & WORLD REPORT FOR ELEVEN/11 CONSECUTIVE YEARS. LE BONHEUR PROVIDES OUTPATIENT SERVICES IN WEST TENNESSEE, NORTHERN MISSISSIPPI AND EASTERN ARKANSAS TO ENSURE CHILDREN THERE HAVE ACCESS TO EXPERT PEDIATRIC CARE. LE BONHEUR IS ALSO A LEVEL 1 PEDIATRIC TRAUMA CENTER, AND SERVES AS THE REGION'S PRIMARY SOURCE FOR PEDIATRIC TRAUMA CARE AND TRAUMA EDUCATION FOR REGIONAL PROVIDERS. METHODIST ALSO SERVES THE COMMUNITY WITH DIAGNOSTIC CARE FACILITIES IN THE COMMUNITIES WE SERVE AND ONE HOSPICE FACILITY COMMITTED TO CARING FOR OUR PATIENTS AT END-OF-LIFE. WE ARE ALSO AN ECONOMIC DRIVER FOR THE COMMUNITY, CONTRIBUTING $5 BILLION TO THE MEMPHIS-AREA ECONOMY. MLH EMPLOYS MORE THAN 10,600 ASSOCIATES AND HAS A MEDICAL STAFF OF MORE THAN 2,400 PROVIDERS, MAKING IT THE SECOND-LARGEST PRIVATE EMPLOYER IN SHELBY COUNTY. METHODIST UNIVERSITY HOSPITAL IS A PRIMARY TEACHING HOSPITAL FOR THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER AND LE BONHEUR CHILDREN'S SERVES AS THE PRIMARY TEACHING AFFILIATE FOR THE UNIVERSITY, TRAINING HUNDREDS OF PEDIATRICIANS AND SPECIALISTS EACH YEAR. OUR RESEARCHERS ARE WORKING TO FIND NEW SOLUTIONS TO CHRONIC DISEASE THAT AFFECTS OUR POPULATION ESPECIALLY INCLUDING NEW TREATMENTS FOR DIABETES AND ASTHMA. WE ALSO HAVE SIGNIFICANT PARTNERSHIPS WITH ST. JUDE CHILDREN'S RESEARCH HOSPITAL AND THE UNIVERSITY OF MEMPHIS TO EXTEND OUR RESEARCH AND TEACHING CAPABILITIES. MEDICAL EDUCATION AND RESEARCH-METHODIST SUPPORTS VIA DIRECT SALARY AND BENEFIT CONTRIBUTIONS TO THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER (UTHSC) FOR GRADUATE MEDICAL TRAINING POSITIONS (GME) AT METHODIST UNIVERSITY HOSPITAL, LE BONHEUR CHILDREN'S HOSPITAL, AND METHODIST LE BONHEUR GERMANTOWN HOSPITAL. THESE GME RESIDENTS AND FELLOWS ARE EMPLOYEES AND TRAINEES AT THE UNIVERSITY OF TENNESSEE, BUT THEIR FINANCIAL SUPPORT FOR SALARIES AND BENEFITS COMES VIA METHODIST. THESE TRAINEES SPEND TIME AT A METHODIST HOSPITAL DURING THE PERIODS OF METHODIST SUPPORT AND ARE INVOLVED IN PATIENT CARE IN ADDITION TO EDUCATIONAL ACTIVITIES.

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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 $70
Program Service Revenue $202,709,230
Investment Income $2,093,557
Other Revenue $5,025,967
TOTAL REVENUE $209,828,824

Expense Breakdown

Grants Paid $681,800
Salaries & Benefits $125,668,470
Fundraising Expenses $0
Program Expenses $29,662,099
Other Expenses $106,324,758
TOTAL EXPENSES $232,675,028

Year-over-Year Comparison

2023 2022 Change
Revenue $209,828,824 $315,179,126 -0.3%
Expenses $232,675,028 $192,182,987 +0.2%
Net Income $-22,846,204 $122,996,139 -1.2%
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
17
Independent Members
16
Employees
1716
Volunteers
280

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
15
$10,051,312
Total Directors
17
$2,807,065
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chariman 2.0
Officer Director
$0 $0 $0
N/A Board Director 2.0
Officer Director
$0 $0 $0
N/A PRESIDENT/CEO/BOARD MEMBER 44.0
Officer Director
$2,770,120 $36,945 $2,807,065
N/A Board Director N/A
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director (Thru 21) 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A Board Director 2.0
Director
$0 $0 $0
N/A SVP/Chief of Staff/Pub Po 48.0
Officer
$417,024 $45,669 $462,693
N/A SVP/Chief Financial Officer 42.0
Officer
$711,411 $142,450 $853,861
N/A SVP/PRESIDENT/MS/INTERNAT 2.0
Officer
$455,979 $26,703 $482,682
N/A EVP/Academic Group 44.0
Officer
$995,502 $17,532 $1,013,034
N/A SVP/Chief of Business Development 48.0
Officer
$380,551 $92,354 $472,905
N/A SVP - STRATEGIC PLANNING 48.0
Officer
$272,883 $1,493 $274,376
N/A EVP/Chief Administrative Officer 48.0
Officer
$641,917 $134,524 $776,441
N/A SVP - CHIEF NURSING OFFICER 44.0
Officer
$467,340 $28,058 $495,398
N/A SVP/Chief Academic Office 48.0
Officer
$513,320 $45,693 $559,013
N/A SVP - Chief Human Resource Officer 48.0
Officer
$391,700 $96,023 $487,723
N/A SVP - CHIEF QUALITY OFFICER 48.0
Officer
$554,028 $34,367 $588,395
N/A SVP/Chief Medical Officer 48.0
Officer
$645,004 $132,722 $777,726
N/A VP - Chief Clin Tranformati 40.0
Highest
$430,822 $83,925 $514,747
N/A VP - Materials Management 40.0
Highest
$400,293 $74,704 $474,997
N/A VP/COO Physician Enterpri 40.0
Highest
$332,336 $76,555 $408,891
N/A VP - Marketing/Communications 40.0
Highest
$329,289 $44,731 $374,020
N/A VP - Chief Technology Officer 40.0
Highest
$263,164 $70,706 $333,870
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
2024 No data No data No data No data
2023 $209,828,824 $232,675,028 $1,472,099,184 $-22,846,204
2022 $315,179,126 $192,182,987 $1,523,660,376 $122,996,139
2021 $218,660,255 $201,535,657 $1,914,396,438 $17,124,598
2020 $201,602,096 $199,307,100 $1,862,271,903 $2,294,996
2019 $166,356,484 $182,151,396 $1,492,247,243 $-15,794,912
2018 $157,663,829 $164,550,854 $1,226,860,396 $-6,887,025
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