Dallas Methodist Hospitals Foundation Inc

EIN: 751548343 501(c)(3)

Dallas, TX

Total Revenue
$16,857,813
Total Expenses
$10,303,783
Total Assets
$167,486,793
Net Assets
$166,188,059
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TX
Phone
2149474510
Tax Period
2023-10-01 to 2024-09-30

Dallas Methodist Hospitals Foundation Inc, founded in 1977, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $6.6M, a strong 39% operating margin.

Mission

TO RAISE FUNDS TO SUPPORT PROGRAMS OF AND INCREASE THE COMMUNITY AWARENESS OF THE EXEMPT PURPOSE AND CHARITABLE FUNCTIONS OF THE METHODIST HEALTH SYSTEM.

Program Service Accomplishments

Program 1
Expenses: $7,146,716 Revenue: $0

GRANTS TO SUPPORT THE CHARITABLE OPERATIONS AND EXEMPT PURPOSE OF THE METHODIST HEALTH SYSTEM.

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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 $11,512,482
Program Service Revenue $0
Investment Income $5,775,870
Other Revenue $-430,539
TOTAL REVENUE $16,857,813

Expense Breakdown

Grants Paid $7,146,716
Salaries & Benefits $0
Fundraising Expenses $3,027,912
Program Expenses $7,146,716
Other Expenses $3,157,067
TOTAL EXPENSES $10,303,783

Year-over-Year Comparison

2023 2022 Change
Revenue $16,857,813 $18,375,009 -0.1%
Expenses $10,303,783 $9,547,196 +0.1%
Net Income $6,554,030 $8,827,813 -0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
62
Independent Members
57
Employees
N/A
Volunteers
57

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
7
$2,262,803
Total Directors
62
$8,255,661
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG A ALBERT SECRETARY 0.1
Officer Director
$0 $0 $0
CRAIG BJERKE TREASURER & CFO 0.1
Officer Director
$0 $165,387 $1,551,908
D MICHAEL REDDEN ASSISTANT SECRETARY 0.1
Officer Director
$0 $0 $0
JAMES M JOHNSTON PRESIDENT 0.1
Officer Director
$0 $61,035 $710,895
PETE SCHENKEL VICE CHAIR 0.1
Officer Director
$0 $0 $0
R STEPHEN FOLSOM CHAIR 0.1
Officer Director
$0 $0 $0
RODERICK WASHINGTON ASSISTANT TREASURER 0.1
Officer Director
$0 $0 $0
A Joe Saad DIRECTOR (BEGINNING JAN 2024) 0.1
Director
$0 $0 $22,000
ALLIE BETH ALLMAN TRUSTEE 0.1
Director
$0 $0 $0
ASHLEE KLEINERT TRUSTEE 0.1
Director
$0 $0 $0
AUBREY CONNATSER TRUSTEE 0.1
Director
$0 $0 $0
BETH THOELE TRUSTEE 0.1
Director
$0 $0 $0
BOBBY B LYLE TRUSTEE 0.1
Director
$0 $0 $0
BRYAN TRUBEY TRUSTEE 0.1
Director
$0 $0 $0
CAROL SEAY TRUSTEE 0.1
Director
$0 $0 $0
CHARLES C TANDY MD TRUSTEE 0.1
Director
$0 $0 $0
COMPTON BRODERS MD TRUSTEE 0.1
Director
$0 $0 $0
CONNIE O'NEILL TRUSTEE 0.1
Director
$0 $0 $0
CRAIG D HODGES TRUSTEE 0.1
Director
$0 $0 $0
Curtis C Farmer TRUSTEE 0.1
Director
$0 $0 $0
DAVID B MILLER TRUSTEE 0.1
Director
$0 $0 $0
DAVID S HUNTLEY TRUSTEE 0.1
Director
$0 $0 $0
Debra TIppett DIRECTOR (BEGINNING JAN 2024) 0.1
Director
$0 $0 $0
DONALD A BERG TRUSTEE 0.1
Director
$0 $0 $0
FRANK MIHALOPOULOS TRUSTEE 0.1
Director
$0 $0 $0
GEORGE A SHAFER TRUSTEE 0.1
Director
$0 $0 $0
Gerald B Alley TRUSTEE 0.1
Director
$0 $0 $0
HAROLD MACDOWELL TRUSTEE 0.1
Director
$0 $0 $0
JACK LOWE JR TRUSTEE 0.1
Director
$0 $0 $0
JAMES C SCOGGIN JR TRUSTEE 0.1
Director
$0 $77,284 $3,796,556
JEROME GARZA TRUSTEE 0.1
Director
$0 $0 $0
JIM FRANCIS JR TRUSTEE 0.1
Director
$0 $0 $0
JOE B FORTSON III TRUSTEE 0.1
Director
$0 $0 $0
JOHN M COLLINS TRUSTEE 0.1
Director
$0 $0 $0
JOHN R FORD TRUSTEE 0.1
Director
$0 $0 $0
JOHN RANDALL CANEDY TRUSTEE 0.1
Director
$0 $0 $0
JUDY GIBBS TRUSTEE 0.1
Director
$0 $0 $0
JULIE YARBROUGH TRUSTEE 0.1
Director
$0 $0 $0
LARRY HELM TRUSTEE 0.1
Director
$0 $0 $0
LEVI H DAVIS TRUSTEE 0.1
Director
$0 $0 $0
MICHAEL L HUTTON TRUSTEE 0.1
Director
$0 $0 $0
MICHAEL S RAWLINGS TRUSTEE 0.1
Director
$0 $0 $0
MICHELLE R THOMAS TRUSTEE 0.1
Director
$0 $0 $0
NANCY ANN HUNT TRUSTEE 0.1
Director
$0 $0 $0
NANCY BIERMAN TRUSTEE 0.1
Director
$0 $0 $0
NIMESH PATEL MD TRUSTEE (BEGINNING JAN 2024) 0.1
Director
$0 $22,866 $2,174,302
PAT FAUBION DIRECTOR (BEGINNING JAN 2024) 0.1
Director
$0 $0 $0
PAUL R SEEGERS TRUSTEE 0.1
Director
$0 $0 $0
R GERALD TURNER PHD TRUSTEE 0.1
Director
$0 $0 $0
REBEKAH MITCHELL TRUSTEE 0.1
Director
$0 $0 $0
REV APRIL JOHNSON BRISTOW DMIN TRUSTEE 0.1
Director
$0 $0 $0
REV MARK CRAIG TRUSTEE 0.1
Director
$0 $0 $0
REV PAUL RASMUSSEN TRUSTEE 0.1
Director
$0 $0 $0
REV STANLEY R COPELAND D MIN TRUSTEE 0.1
Director
$0 $0 $0
ROBERT E EDMONSON MD TRUSTEE 0.1
Director
$0 $0 $0
ROLAND G PARRISH TRUSTEE 0.1
Director
$0 $0 $0
RON RICKS TRUSTEE 0.1
Director
$0 $0 $0
RONALD G STEINHART TRUSTEE 0.1
Director
$0 $0 $0
SELWIN BELOFSKY TRUSTEE 0.1
Director
$0 $0 $0
SYLVIA HARGRAVE MD TRUSTEE 0.1
Director
$0 $0 $0
Tucker Bridwell TRUSTEE 0.1
Director
$0 $0 $0
William J Bennett MD Trustee 0.1
Director
$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 $16,857,813 $10,303,783 $167,486,793 $6,554,030
2023 $18,375,009 $9,547,196 $133,935,125 $8,827,813
2022 $13,230,155 $14,428,665 $119,683,610 $-1,198,510
2021 $19,053,620 $19,597,303 $153,905,809 $-543,683
2020 $12,420,513 $10,183,404 $137,292,537 $2,237,109
2019 $13,828,924 $11,940,317 $131,778,071 $1,888,607
2018 $15,496,405 $8,440,641 $132,534,536 $7,055,764
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