Texas Health Harris Methodist Hosp… - 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

1987

Legal Domicile

Principal Officer

Ajith Pai

Phone

8174335000

Tax Period

2023-01-01 to 2023-12-31

Texas Health Harris Methodist Hospital Southwest Fort Worth, founded in 1987, is a major nonprofit in the Health Care sector that reported $410.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $351.7M left a modest 14% surplus.

Mission

A FAITH-BASED ORGANIZATION WHOSE MISSION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITIES IT SERVES REGARDLESS OF THEIR ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $279,894,597 Revenue: $407,292,314

Located in the southwest sector of Fort Worth since 1987, Texas Health Harris Methodist Hospital Southwest Fort Worth (THSW) is a 261-bed acute care hospital. THSW provides a wide array of...

Located in the southwest sector of Fort Worth since 1987, Texas Health Harris Methodist Hospital Southwest Fort Worth (THSW) is a 261-bed acute care hospital. THSW provides a wide array of comprehensive services including surgical and imaging services, a 24-hour emergency department, orthopedics and sports therapy, adult critical care, breast care center, women's services and a Level III neonatal intensive care unit. THSW has a Level III Trauma Designation and Level III Maternal Designation with the State of Texas, and received its second Magnet Designation in nursing. THSW has a CMS 5-star rating for overall quality and is Heart Failure, Stroke, Chest Pain, and Advanced Total Hip & Knee Replacement certified by The Joint Commission. More than 1,430 employees work at the hospital and more than 740 physicians are practicing on the medical staff. During the year, THSW had 61,334 patient days, 15,717 discharges, 92,493 outpatient encounters, 67,867 emergency room visits and 3,291 births. THSW provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. The hospital provides care to persons covered by governmental programs including Medicare and Medicaid for reimbursement that does not always cover the cost of providing the care. Recognizing its mission to the community, services are provided to both financially indigent and medically indigent patients.

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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 $1,942,354

Program Service Revenue $407,072,383

Investment Income $-294,320

Other Revenue $2,027,040

TOTAL REVENUE $410,747,457

Expense Breakdown

Grants Paid $1,730,590

Salaries & Benefits $144,923,594

Fundraising Expenses $0

Program Expenses $279,894,597

Other Expenses $204,996,605

TOTAL EXPENSES $351,650,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,747,457	$365,566,404	+0.1%
Expenses	$351,650,789	$328,800,589	+0.1%
Net Income	$59,096,668	$36,765,815	+0.6%

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

1881

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

$9,351,325

Total Directors

$4,698,354

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BerdanBarclay E	THR CEO/Trustee	0.64	Officer Director	$0	$1,016,271	$4,621,716
McWhorterRicky E	Former Officer	0.0		$0	$325,006	$1,840,778
KramerKenneth J	Assistant Secretary	0.05	Officer	$0	$235,245	$1,442,048
DeLeonJoseph C	Former Officer	0.0		$0	$158,571	$863,251
TuckerRebecca D	Former Officer	0.0		$0	$176,067	$810,787
JacksonDavid W	Assistant Secretary	0.5	Officer	$0	$165,877	$680,985
MontgomeryGary Mark	Chief Qual & Med Officer THSW	40.0	Officer	$581,756	$77,619	$659,375
PaiAjith	President THSW	40.0	Officer	$421,491	$121,521	$543,012
CantuStacy G	Corporate Secretary	0.5	Officer	$0	$71,659	$424,847
HuntGretchen L	CNO Term Sept 2023	40.0	Officer	$307,950	$43,283	$351,233
PriceMonica L	Grp Finan Officer THSW-THC-THS	28.0	Officer	$310,922	$25,406	$336,328
GordonMarva Marie	DIR SR PROF & SUPPRT SVCS THSW	40.0	Highest	$223,596	$49,805	$273,401
ChristensonSusan O	SUPV NRSG	40.0	Highest	$219,117	$51,378	$270,495
WilliamsPhilip A	PHARMACIST CLIN	40.0	Highest	$204,389	$49,443	$253,832
HernandoApril Joy Almiran	SUPV NRSG	40.0	Highest	$192,800	$55,426	$248,226
WallaceGary D	DIR NRSG EMERGENCY/NRSG OPS	40.0	Highest	$196,877	$48,207	$245,084
BerenzweigHarold Karl	Former Officer	0.0		$0	$0	$166,694
DonovanLori Jo	Chief Nursing Officer THSW	40.0	Officer	$106,385	$20,659	$162,696
KirkhamBrett Daniel	VP Professional Svcs Term 4/20	40.0	Officer	$111,809	$17,276	$129,085
Chhutani MD Sheila	Trustee	0.03	Director	$0	$0	$76,638
Vigness MD Richard	Chair	0.03	Director	$0	$0	$0
Hunt Hunter	Vice Chair	0.03	Director	$0	$0	$0
Wilder Jr Charles	Immediate Past Chair	0.03	Director	$0	$0	$0
Bernstein Kenneth	Trustee	0.03	Director	$0	$0	$0
Braun JD Vianei Lopez	Trustee	0.03	Director	$0	$0	$0
Guyton Michael	Trustee	0.03	Director	$0	$0	$0
Haggar III Joseph	Trustee	0.03	Director	$0	$0	$0
Hum MD Lawrence	Trustee	0.03	Director	$0	$0	$0
Iruegas Javier	Trustee	0.03	Director	$0	$0	$0
Montgomery Lynn	Trustee	0.03	Director	$0	$0	$0
Nunez MD Ignacio	Trustee	0.03	Director	$0	$0	$0
Reeves Kenneth	Trustee	0.03	Director	$0	$0	$0
Weeks DNP Susan	Trustee	0.03	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	No data	No data	No data	No data
2023	$410,747,457	$351,650,789	$237,167,073	$59,096,668
2022	$365,566,404	$328,800,589	$222,940,654	$36,765,815
2021	$356,316,413	$316,148,333	$220,751,324	$40,168,080
2020	$337,118,982	$293,369,240	$229,579,434	$43,749,742
2019	$340,855,127	$295,456,802	$239,761,577	$45,398,325
2018	$318,655,039	$288,295,779	$234,727,940	$30,359,260

Texas Health Harris Methodist Hospital Southwest Fort Worth