Methodist Richardson Medical Cente… - Form 990 Financial Data

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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

1981

Legal Domicile

Phone

4692046995

Tax Period

2023-10-01 to 2024-09-30

Methodist Richardson Medical Center Foundation, founded in 1981, is a small nonprofit that reported $214K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 452% operating deficit.

Mission

To build and maintain donor relationships in order to raise, manage, and distribute funds to assist Methodist Health System in acquiring state-of-the-art technology, attracting excellent medical staff, and supporting vital hospital programs.

Program Service Accomplishments

Program 1

Expenses: $1,175,364 Revenue: $0

2024 YELLOW AND BLACK TIE GALA - THE FOUNDATION HOSTS AN ANNUAL AUCTION AND DINNER, THE PROCEEDS OF WHICH SUPPORT PROGRAMS AT METHODIST HEALTH SYSTEM. MOST OF THE 2024 NET PROCEEDS WERE DESIGNATED TO SUPPORT OPERATIONS OF THE METHODIST HEALTH SYSTEM AND A PORTION WAS DESIGNATED SPECIFICALLY FOR METHODIST HEALTH SYSTEM CANCER PROGRAM.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $440,231

Program Service Revenue $0

Investment Income $100,114

Other Revenue $-326,377

TOTAL REVENUE $213,968

Expense Breakdown

Grants Paid $1,175,364

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,175,364

Other Expenses $6,431

TOTAL EXPENSES $1,181,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,968	$311,320	-0.3%
Expenses	$1,181,795	$96,631	+11.2%
Net Income	$-967,827	$214,689	-5.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$182,371

Total Directors

$2,950,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE BURDETTE	SECRETARY (BEGINNING JAN 2024)	0.1	Officer Director	$0	$0	$0
CINDI JACKSON	SECRETARY (THROUGH DEC 2023)	0.1	Officer Director	$0	$0	$0
CLAY HARRISON	CHAIR (BEGINNING JAN 2024)	0.1	Officer Director	$0	$0	$0
GLENN SCOTT	CHAIR (THROUGH DEC 2023)	0.1	Officer Director	$0	$0	$0
Marta Gomez Frey	Vice Chair of Governance	0.1	Officer Director	$0	$0	$0
MARY BEDOSKY	Vice Chair of Finance	0.1	Officer Director	$0	$0	$0
TEDDY KINZER	VICE CHAIR OF FUND DEVELOPMENT (BEGINNING JAN 2024)	0.1	Officer Director	$0	$0	$0
ABIR AHMAD MD	DIRECTOR	0.1	Director	$0	$8,813	$602,233
AMY KING	DIRECTOR (BEGINNING JAN 2024)	0.1	Director	$0	$0	$0
BARRY YOUNG	DIRECTOR	0.1	Director	$0	$0	$0
DANNA MELCHER	DIRECTOR (THROUGH JAN 2024)	0.1	Director	$0	$0	$0
DEREK WILLIAMS MD	DIRECTOR	0.1	Director	$0	$23,732	$1,210,645
E KENNETH HUTCHENRIDER	DIRECTOR	0.1	Director	$0	$135,781	$1,093,510
MARK KING	DIRECTOR (BEGINNING JAN 2024)	0.1	Director	$0	$0	$0
PARIN MAKADIA MD	DIRECTOR	0.1	Director	$0	$0	$44,250
RICHARD RAMEY	DIRECTOR	0.1	Director	$0	$0	$0
SARAH GREEN	DIRECTOR (BEGINNING JAN 2024)	0.1	Director	$0	$0	$0
SUZI KENNON	DIRECTOR (BEGINNING JAN 2024)	0.1	Director	$0	$0	$0
TERE ZANDY	DIRECTOR (BEGINNING JAN 2024)	0.1	Director	$0	$0	$0
YOGI CHIMATA MD	DIRECTOR	0.1	Director	$0	$0	$0
LORI VILLARREAL	Executive Director	40.0	Officer	$0	$24,767	$182,371

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	$213,968	$1,181,795	$3,082,659	$-967,827
2023	$675,148	$99,282	$3,704,121	$575,866
2023	$311,320	$96,631	$4,010,696	$214,689
2022	$424,629	$276,274	$3,163,378	$148,355
2021	$579,283	$712,377	$3,482,565	$-133,094
2020	$831,405	$650,498	$3,047,887	$180,907
2019	$965,018	$525,483	$2,882,482	$439,535
2018	$739,335	$331,114	$2,621,149	$408,221

Methodist Richardson Medical Center Foundation