THE METHODIST HOSPITAL

EIN: 741180155 501(c)(3) Health Care

HOUSTON, TX

Total Revenue
$3,273,307,774
Total Expenses
$3,027,273,455
Total Assets
$10,941,447,664
Net Assets
$7,572,051,341
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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
1946
Legal Domicile
TX
Principal Officer
MARC L BOOM MD
Phone
8326676160
Tax Period
2023-01-01 to 2023-12-31

THE METHODIST HOSPITAL, founded in 1946, is a large national nonprofit in the Health Care sector that reported $3.3B in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.0B left a modest 8% surplus.

Mission

TO PROVIDE HIGH QUALITY, COST-EFFECTIVE HEALTH CARE THAT DELIVERS THE BEST VALUE TO THE PEOPLE WE SERVE IN A SPIRITUAL ENVIRONMENT OF CARING IN ASSOCIATION WITH INTERNATIONALLY RECOGNIZED TEACHING AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $2,630,227,563 Revenue: $3,002,235,101

CURRENTLY HOUSTON METHODIST HOSPITAL OPERATES 1,365 LICENSED BEDS IN ITS TEXAS MEDICAL CENTER FACILITIES. HOUSTON METHODIST HOSPITAL RECORDED 585,679 VISITS DURING 2023 WHICH WERE COMPRISED OF...

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CURRENTLY HOUSTON METHODIST HOSPITAL OPERATES 1,365 LICENSED BEDS IN ITS TEXAS MEDICAL CENTER FACILITIES. HOUSTON METHODIST HOSPITAL RECORDED 585,679 VISITS DURING 2023 WHICH WERE COMPRISED OF 446,888 OUTPATIENT VISITS, 97,614 EMERGENCY ROOM VISITS AND 41,177 INPATIENT ADMISSIONS. IT ALSO PERFORMED 14,748 INPATIENT SURGERIES AND 26,883 OUTPATIENT SURGERIES IN 2023.THE PRINCIPAL MEDICAL SERVICES AVAILABLE AT HOUSTON METHODIST HOSPITAL ARE ANESTHESIOLOGY, CARDIOVASCULAR SURGERY, ORAL & MAXILLOFACIAL-HOSPITAL DENTISTRY, DERMATOLOGY, FAMILY MEDICINE, GENERAL SURGERY, INTERNAL MEDICINE, CARDIOLOGY, CLINICAL IMMUNOLOGY, GASTROENTEROLOGY, GENERAL MEDICINE, HEMATOLOGY, HYPERTENSION TREATMENT, INFECTIOUS DISEASES, MEDICAL GENETICS, METABOLIC AND ENDOCRINE DISEASES, NUCLEAR MEDICINE, ONCOLOGY, PHARMACOLOGY, PULMONARY DISEASES, RENAL DISEASES, RHEUMATOLOGY, NEUROPHYSIOLOGY, NEUROSURGERY, OBSTETRICS AND GYNECOLOGY, OPHTHALMOLOGY, ORTHOPEDIC SURGERY, OTOLARYNGOLOGY-HEAD & NECK SURGERY, PATHOLOGY, PEDIATRICS, PHYSICAL MEDICINE AND REHABILITATION, PLASTIC SURGERY, PSYCHIATRY, RADIOLOGY, RADIOTHERAPY, AND UROLOGY. HOUSTON METHODIST HOSPITAL ALSO OFFERS A RANGE OF ADDITIONAL PATIENT SERVICES, INCLUDING AMBULATORY SURGERY, A BLOOD DONOR CENTER, A REHABILITATION CENTER, A SKILLED NURSING FACILITY, AND A BROAD RANGE OF PREVENTIVE HEALTH CARE INSTRUCTION, INCLUDING SMOKING CESSATION, STRESS MANAGEMENT, WEIGHT CONTROL, AND CARDIAC AND PULMONARY REHABILITATION.GENERAL OUTPATIENT SERVICES OFFERED BY HOUSTON METHODIST HOSPITAL INCLUDE AUDIOLOGY, SPEECH PATHOLOGY, PSYCHIATRIC SERVICES, DIAGNOSTIC CARDIOLOGY (INCLUDING NUCLEAR CARDIOLOGY, ECHOCARDIOGRAPHY, ELECTROCARDIOGRAPHY, PACEMAKER EVALUATION, AND CORONARY CATHETERIZATION), ENDOSCOPY, EMERGENCY SERVICES, GENERAL AND DIAGNOSTIC RADIOLOGY (INCLUDING FLUOROSCOPY, ULTRASOUND, MAMMOGRAPHY, MYELOGRAPHY, CT SCANNING, AND MRI), NUCLEAR MEDICINE, PATHOLOGY, PERIPHERAL VASCULAR LABORATORY, DERMATOLOGY, PHYSICAL MEDICINE, RADIOTHERAPY, SLEEP STUDIES AND NEUROPHYSIOLOGIC EVALUATIONS, AND SURGERY.HOUSTON METHODIST HOSPITAL OPERATES A MULTI-ORGAN TRANSPLANT CENTER. TRANSPLANTS BEING PERFORMED AT PRESENT INCLUDE KIDNEY, HEART, LUNGS, LIVER, PANCREAS, AND BONE MARROW. HOUSTON METHODIST HOSPITAL RESPONDS TO THE COMMUNITY'S NEEDS NOT ONLY THROUGH THE PROVISION OF MEDICAL CARE, BUT ALSO THROUGH EDUCATION OF HEALTH PROFESSIONALS AND PATIENTS, COMMUNITY HEALTH EDUCATION, DONATIONS TO HEALTH CARE RELATED EVENTS AND OTHER SERVICES, AND MEDICAL AND HEALTH RESEARCH.

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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 $49,192,642
Program Service Revenue $2,979,371,204
Investment Income $157,384,936
Other Revenue $87,358,992
TOTAL REVENUE $3,273,307,774

Expense Breakdown

Grants Paid $13,840,776
Salaries & Benefits $1,145,101,781
Fundraising Expenses $0
Program Expenses $2,630,227,563
Other Expenses $1,868,330,898
TOTAL EXPENSES $3,027,273,455

Year-over-Year Comparison

2023 2022 Change
Revenue $3,273,307,774 $2,895,491,123 +0.1%
Expenses $3,027,273,455 $2,686,670,760 +0.1%
Net Income $246,034,319 $208,820,363 +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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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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Governance

Voting Members
24
Independent Members
21
Employees
13974
Volunteers
920

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
2
$9,569,589
Total Directors
2
$8,191,099
Key Employees
1
$12,741,762
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NINE OFFICERDIR-SEE METHODIST HOSPITAL GROUP RETURN-SCHE 4.89
Officer Director
$6,164,141 $975,493 $7,139,634
EIGHTEEN DIRECTORS-SEE METHODIST HOSPITAL GROUP RETURN-SCHE 2.00
Director
$209,097 $43,768 $1,051,465
ONE OFFICER-SEE METHODIST HOSPITAL GROUP RETURN-SCHE 24.00
Officer
$2,152,714 $277,241 $2,429,955
NINE KEY EMPLOYEES-SEE METHODIST HOSPITAL GROUP RETURN-SCHE 43.11
Key Emp
$11,421,809 $1,319,953 $12,741,762
FOUR HIGHEST PAID-SEE METHODIST HOSPITAL GROUP RETURN-SCHE 43.75
Highest
$3,828,630 $579,860 $4,408,490
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 $3,273,307,774 $3,027,273,455 $10,941,447,664 $246,034,319
2022 $2,895,491,123 $2,686,670,760 $9,864,255,911 $208,820,363
2021 $2,875,737,215 $2,697,937,809 $10,162,124,093 $177,799,406
2020 $2,478,520,013 $2,268,024,428 $9,741,386,919 $210,495,585
2019 $2,328,029,322 $2,121,181,292 $8,083,514,618 $206,848,030
2018 $2,145,644,809 $1,882,016,804 $7,138,344,765 $263,628,005
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