Methodist Healthcare-Memphis Hospitals

EIN: 620479367 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$1,968,551,184
Total Expenses
$2,187,722,738
Total Assets
$1,240,178,136
Net Assets
$768,138,144
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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
1935
Legal Domicile
TN
Phone
9015180791
Tax Period
2024-01-01 to 2024-12-31

Methodist Healthcare-Memphis Hospitals, founded in 1935, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2024. Expenses of $2.2B exceeded revenue, resulting in a 11% operating deficit.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,924,369
Program Service Revenue $1,910,707,279
Investment Income $31,325,621
Other Revenue $18,593,915
TOTAL REVENUE $1,968,551,184

Expense Breakdown

Grants Paid $112,407
Salaries & Benefits $831,887,164
Fundraising Expenses $0
Program Expenses $2,047,701,058
Other Expenses $1,355,723,167
TOTAL EXPENSES $2,187,722,738

Year-over-Year Comparison

2024 2023 Change
Revenue $1,968,551,184 $1,936,900,010 +0.0%
Expenses $2,187,722,738 $2,024,744,712 +0.1%
Net Income $-219,171,554 $-87,844,702 +1.5%
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

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Governance

Voting Members
14
Independent Members
13
Employees
11899
Volunteers
78

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
16
$12,881,358
Total Directors
14
$2,444,821
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Ugwueke PRESIDENT/CEO/Board Member 2.0
Officer Director
$0 $70,856 $2,444,821
Christopher Winston Board director 2.0
Director
$0 $0 $0
Edith Kelly-Green Board Director 2.0
Director
$0 $0 $0
Greg Christopher Board Director 2.0
Director
$0 $0 $0
Harry Goldsmith Board Director 2.0
Director
$0 $0 $0
John H Petty III Board Director 2.0
Director
$0 $0 $0
Kenny Armstrong Board Director 2.0
Director
$0 $0 $0
Michael Lenz Board Director 2.0
Director
$0 $0 $0
Paul Carruth MD Board Director 2.0
Director
$0 $0 $0
Randall Davis Board Director 2.0
Director
$0 $0 $0
Regan Williams MD Board director 2.0
Director
$0 $0 $0
Ron Walter Board Director 2.0
Director
$0 $0 $0
Sandy Smith Board Director 2.0
Director
$0 $0 $0
Vernon Stafford Jr Board Director 2.0
Director
$0 $0 $0
Amit Prasad CMO OF SOUTH/NORTH 40.0
Officer
$395,602 $100,818 $496,420
Cassandra Howard CMO - Germantown 40.0
Officer
$446,509 $88,777 $535,286
Cato Johnson SVP/Chief of Staff/Pub Po 2.0
Officer
$0 $69,860 $538,333
Charles Lane SVP/Chief Financial Officer 2.0
Officer
$0 $195,670 $1,138,500
David Baytos SVP/PRESIDENT/MS/INTERNAT 2.0
Officer
$0 $58,980 $547,273
Florence Jones SVP - President North 40.0
Officer
$504,132 $72,449 $576,581
Michael Crabb III SVP/Chief of Business Development 2.0
Officer
$0 $38,258 $693,102
Monica Wharton EVP/Chief Operating Officer 2.0
Officer
$0 $217,846 $1,312,684
Nikki Polis SVP - CHIEF NURSING OFFICER 2.0
Officer
$0 $58,164 $406,360
Ocpivia Stafford SVP - President South 40.0
Officer
$368,331 $98,446 $466,777
Rebecca Cullison SVP - PRESIDENT GERMANTOWN 40.0
Officer
$648,500 $146,912 $795,412
Robin Womeodu SVP/Chief Academic Office 2.0
Officer
$0 $76,026 $652,407
Sarah Colley SVP - Chief Human Resource Officer 2.0
Officer
$0 $123,643 $590,981
Timothy Slocum SVP - President University 40.0
Officer
$569,353 $135,166 $704,519
Wayne Lipson SVP/Chief Medical Officer 2.0
Officer
$0 $170,031 $981,902
Bruce Jones PHYSICIAN 40.0
Highest
$1,282,301 $53,376 $1,335,677
Ehtesham Ul Haq PHYSICIAN 40.0
Highest
$1,012,931 $81,790 $1,094,721
Shailesh Patel PHYSICIAN 40.0
Highest
$1,203,175 $67,314 $1,270,489
Sushant Khaire PHYSICIAN 40.0
Highest
$1,083,012 $76,453 $1,159,465
Yehoshua Levine PHYSICIAN 40.0
Highest
$1,225,646 $62,793 $1,288,439
Kathleen Forbes Former SVP/Chief Academic Office 2.0
$0 $0 $648,394
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 $1,968,551,184 $2,187,722,738 $1,240,178,136 $-219,171,554
2023 $1,936,900,010 $2,024,744,712 $1,037,190,692 $-87,844,702
2023 $1,936,900,010 $2,024,744,712 $1,037,190,692 $-87,844,702
2022 $1,895,025,192 $1,992,705,875 $1,043,753,923 $-97,680,683
2021 $1,919,877,386 $1,880,543,780 $1,074,364,517 $39,333,606
2020 $1,938,916,359 $1,879,660,656 $1,129,182,292 $59,255,703
2019 $2,020,366,342 $1,922,525,375 $1,189,961,166 $97,840,967
2018 $2,232,575,542 $2,088,692,647 $1,255,488,800 $143,882,895
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