Methodist Richardson Medical Center Foundation

EIN: 751788520 501(c)(3)

Richardson, TX

Total Revenue
$213,968
Total Expenses
$1,181,795
Total Assets
$3,082,659
Net Assets
$3,082,659
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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
TX
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 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 $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

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Governance

Voting Members
17
Independent Members
13
Employees
N/A
Volunteers
13

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
8
$182,371
Total Directors
20
$2,950,638
Key Employees
0
$0
Highest Compensated
0
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
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