LUBBOCK, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LUBBOCK METHODIST HOSPITAL SYSTEM, founded in 1987, is a micro nonprofit in the Health Care sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $265K exceeded revenue, resulting in a 256% operating deficit.
THE PURPOSE OF LUBBOCK METHODIST HOSPITAL SYSTEM (LMHS)IS TO ASSIST IN THE GOVERNMENT AND FULFILLMENT OF THE COVENANT HEALTH SYSTEM MISSION ACCORDING TO THE DEFINITIVE AGREEMENT. THE MISSION STATEMENT OF COVENANT HEALTH SYSTEM IS "AS EXPRESSIONS OF GOD'S LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE."
THE LUBBOCK METHODIST HOSPITAL SYSTEM (LMHS) BOARD MEETS FOUR TIMES A YEAR AND HAS THREE ACTIVE COMMITTEES: OPERATING, OVERSIGHT, AND NOMINATING. THE OPERATING COMMITTEE DETERMINES THE FINANCIAL...
THE LUBBOCK METHODIST HOSPITAL SYSTEM (LMHS) BOARD MEETS FOUR TIMES A YEAR AND HAS THREE ACTIVE COMMITTEES: OPERATING, OVERSIGHT, AND NOMINATING. THE OPERATING COMMITTEE DETERMINES THE FINANCIAL FEASIBILITY OF PROJECTS, ACTS, AND UNDERTAKINGS REFERRED TO IT BY THE BOARD; REVIEWS FINANCIAL STATEMENTS AND APPRAISES THE PERFORMANCE OF LMHS; COUNSELS WITH THE BOARD AND THE OFFICERS ON CURRENT AND LONG-TERM FISCAL AFFAIRS AND MAKES RECOMMENDATIONS TO THE BOARD CONCERNING THE FISCAL AFFAIRS; RECOMMENDS POLICIES AND AGENCIES FOR THE MANAGEMENT OF FUNDS; OVERSEES FINANCIAL AND LEGAL AUDIT NEEDS AND MAKES RECOMMENDATIONS, AND OVERSEES AND MAKES RECOMMENDATIONS REGARDING D&O INSURANCE NEEDS. IN DOING SO, THE BOARD PROVIDES EDUCATIONAL SCHOLARSHIPS TO THE COVENANT FOUNDATION. THE OVERSIGHT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE RELATIONSHIP WITH COVENANT HEATH SYSTEM/PROVIDENCE AND THE ETHICAL AND RELIGIOUS DIRECTIVES. IN THIS ROLE, CORPORATE OVERSIGHT OF TUBAL LIGATIONS IS REVIEWED ON AN ANNUAL BASIS. THE NOMINATING COMMITTEE RECOMMENDS MEMBERS OF THE LMHS BOARD, OFFICERS OF THE LMHS BOARD, AND MEMBERS OF THE COVENANT HEALTH SYSTEM BOARD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $74,550 | $436,863 | -0.8% |
| Expenses | $265,319 | $214,686 | +0.2% |
| Net Income | $-190,769 | $222,177 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LINDSAY COOPER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REV DON BOREN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN REAVES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN WILKERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN ATKINS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHEBE ELLIS-ROACH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HEATHER HOCKER | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JORGE RAMIREZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KRYSTLE PIERCE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS SNEAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TROY TUCKER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GABE VITELA | VICE CHAIRMA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSHUA HILL MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DON WALKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMBER MILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAYTON BEVERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARLISE BOYLES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SALLY JACKSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BLAKE JOHNSTON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHASE KEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH NUCKOLLS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIMMY NUNN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD SALZWEDEL MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL URYASZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $74,550 | $265,319 | $3,522,581 | $-190,769 |
| 2024 | $436,863 | $214,686 | $3,645,346 | $222,177 |
| 2023 | $130,383 | $209,849 | $3,182,461 | $-79,466 |
| 2022 | $290,132 | $113,796 | $3,313,452 | $176,336 |
| 2021 | $248,616 | $355,470 | $3,680,953 | $-106,854 |
| 2020 | $304,786 | $351,443 | $3,287,737 | $-46,657 |
| 2019 | $177,562 | $51,438 | $3,379,438 | $126,124 |
| 2018 | $362,271 | $495,906 | $3,615,519 | $-133,635 |
Compare LUBBOCK METHODIST HOSPITAL SYSTEM with other nonprofits in Texas and across the country.