Methodist Medical Center Foundation

EIN: 621414205 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$240,940
Total Expenses
$101,571
Total Assets
$1,567,591
Net Assets
$1,547,245
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TN
Principal Officer
Shawn Smith
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

Methodist Medical Center Foundation, founded in 1989, is a small nonprofit in the Health Care sector that reported $241K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $139K, a strong 58% operating margin.

Mission

The Foundation is charged with raising, managing and distributing charitable gift support for Methodist Medical Center of Oak Ridge (MMC) in order to perpetuate and advance the highest quality of health care services at MMC. Donations to the Foundation support health care programs, services, education and equipment at MMC not otherwise funded or reimbursable by public or private insurance. The Foundation's mission is to assist MMC with extending the gift of life to all those in need, regardless of their ability to pay.

Program Service Accomplishments

Program 1
Expenses: $49,861

The Hospitality Houses of Methodist Medical Center provide temporary lodging for patients and families who must travel long distances for treatment at Methodist Medical Center or Thompson Cancer...

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The Hospitality Houses of Methodist Medical Center provide temporary lodging for patients and families who must travel long distances for treatment at Methodist Medical Center or Thompson Cancer Survival Center at MMC. The three homes offer 12 fully furnished apartments; shared kitchen, dining, laundry and family rooms; stocked pantries; transportation assistance as needed; and free parking. The program is supported entirely by charitable contributions.Guests of the Hospitality Houses stay as long as they need, free of charge. Since the first house opened in 1997, thousands of guests have received lodging. In 2023, the houses served 159 guests and provided 1,653 nights of stay for patients and families receiving cancer treatment, ICU/CCU care, and wound care at MMC. Based on standard local hotel rates, the value of the free lodging received by these guests was $198,360.

Program 2
Expenses: $8,934

MMC Foundation funded continuing education equipment, clinical training and advanced certifications at Methodist Medical Center, including a training manikin for CPR and crisis care nursing...

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MMC Foundation funded continuing education equipment, clinical training and advanced certifications at Methodist Medical Center, including a training manikin for CPR and crisis care nursing education, head and neck lymphedema certification for an occupational therapist, and advanced cardiovascular life support (ACLS) training for pharmacists.

Program 3
Expenses: $5,000

The foundation provided support for oncology rehabilitation certification through the Physiological Oncology Rehabilitation Institute (PORI) for a physical therapist at MMC.

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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 $217,875
Program Service Revenue $0
Investment Income $26,127
Other Revenue $-3,062
TOTAL REVENUE $240,940

Expense Breakdown

Grants Paid $67,477
Salaries & Benefits $0
Fundraising Expenses $24,528
Program Expenses $67,477
Other Expenses $34,094
TOTAL EXPENSES $101,571

Year-over-Year Comparison

2023 2022 Change
Revenue $240,940 $308,847 -0.2%
Expenses $101,571 $144,733 -0.3%
Net Income $139,369 $164,114 -0.2%
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
8
Independent Members
8
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shawn Smith Director/Chair 1.00
Officer Director
$0 $0 $0
Wilma Brantley Director 1.00
Director
$0 $0 $0
Charlotte Cunningham Director 1.00
Director
$0 $0 $0
Chuck Hope Director 1.00
Director
$0 $0 $0
Michael Ousley Director 1.00
Director
$0 $0 $0
Mackenzie Phillips Director 1.00
Director
$0 $0 $0
Shannon Potter Director 1.00
Director
$0 $0 $0
Wendy West Director 1.00
Director
$0 $0 $0
Jeremy H Biggs President/CAO - Methodist 1.00
Officer
$0 $0 $0
Patrick J Birmingham IV VP of Philanthropy 8.00
Officer
$0 $0 $0
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 $240,940 $101,571 $1,567,591 $139,369
2022 $308,847 $144,733 $1,316,051 $164,114
2021 $214,405 $141,918 $1,312,043 $72,487
2020 $216,688 $122,405 $1,186,972 $94,283
2019 $210,032 $203,974 $1,044,245 $6,058
2018 $196,801 $259,186 $938,900 $-62,385
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