Texas Health Harris Methodist Hospital Fort Worth

EIN: 756001743 501(c)(3) Health Care

Fort Worth, TX

Total Revenue
$1,233,728,106
Total Expenses
$1,135,773,705
Total Assets
$747,842,245
Net Assets
$657,028,710
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
TX
Principal Officer
Jared Shelton
Phone
8172502000
Tax Period
2023-01-01 to 2023-12-31

Texas Health Harris Methodist Hospital Fort Worth, founded in 1930, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.1B left a modest 8% 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: $955,088,900 Revenue: $1,219,739,377

Texas Health Harris Methodist Hospital Fort Worth (THFW) is an 851 licensed bed, Level 1 Trauma Center, and 4th time Magnet-designated regional referral hospital that has served the residents of...

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Texas Health Harris Methodist Hospital Fort Worth (THFW) is an 851 licensed bed, Level 1 Trauma Center, and 4th time Magnet-designated regional referral hospital that has served the residents of Tarrant and surrounding counties since 1930. Texas Health Fort Worth has been awarded Joint Commission DSC Certifications for Hip Fracture, Ortho-Trauma, Brain Tumor. Our hospital has received Joint Commission Advanced Certifications in Comprehensive Stroke, Advanced Palliative Care, Advanced Hip and Knee, and Advanced Spine services. THFW was the 1st hospital in the nation to receive Joint Commission certifications in both Neurotrauma and Primary Heart Attack. THFW has an academic affiliation with the Texas Christian University Burnett School of Medicine. In 2021 THFW launched Graduate Medical Education Residency programs for general surgery residents and added an internal medicine residency in 2022. THFW is NICHE Designated, CMS Accredited for Transplants. APTA certified for PT residency, and our hospital has been voted the Best Place to Have a Baby 25 years in a row by North Texas Child. THFW has more than 4,700 employees, plus our medical staff of over 1,400 physicians which helps us to provide quality medical healthcare to everyone regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Recognizing its mission to the community, our services are provided to both financially and medically indigent patients including those covered by governmental programs Medicare and Medicaid for reimbursement which does not always cover their cost of care b/c quality medical care is essential for everyone. Our hospital's services also include cardiothoracic, cardiovascular, orthopedics, sports medicine, high-risk and routine obstetrics / gynecology, and a Level III neonatal intensive care unit, and a 100-bed emergency room. THFW participates in the Faith Community Nursing (FCN) program which provides healthcare screenings, education, and family support to over 50 congregations in the DFW metroplex. THFW is part of a Child Automobile Safety Initiative whose mission strives to educate and raise community awareness about child safety. During the year, THFW had 249,673 patient days, 42,039 discharges, 189,659 outpatient encounters, 155,620 emergency room visits and 3,033 births.

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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 $6,622,422
Program Service Revenue $1,218,817,146
Investment Income $-38,521
Other Revenue $8,327,059
TOTAL REVENUE $1,233,728,106

Expense Breakdown

Grants Paid $575,466
Salaries & Benefits $468,699,843
Fundraising Expenses $0
Program Expenses $955,088,900
Other Expenses $666,498,396
TOTAL EXPENSES $1,135,773,705

Year-over-Year Comparison

2023 2022 Change
Revenue $1,233,728,106 $1,060,327,895 +0.2%
Expenses $1,135,773,705 $1,021,772,627 +0.1%
Net Income $97,954,401 $38,555,268 +1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
13
Employees
5831
Volunteers
111

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
11
$10,823,189
Total Directors
15
$4,698,354
Key Employees
0
$0
Highest Compensated
5
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 0.5
Officer
$0 $235,245 $1,442,048
DeLeonJoseph C President THFW 40.0
Officer
$704,680 $158,571 $863,251
PapstAmy Lynn Chief Qual & Med Officer THFW 40.0
Officer
$600,343 $139,698 $740,041
JacksonDavid W Assistant Secretary 0.5
Officer
$0 $165,877 $680,985
PaiAjith Former Officer 0.0
$0 $121,521 $543,012
ChavezJennifer Lynn Chief Nursing Officer THFW 40.0
Officer
$411,447 $90,572 $502,019
MartinDavid Ward ASSOC CMO THFW 40.0
Highest
$442,155 $38,093 $480,248
WilsonCorey G VP & COO THFW 40.0
Officer
$383,440 $71,175 $454,615
CantuStacy G Corporate Secretary 0.5
Officer
$0 $71,659 $424,847
HaileyAmy M VP Professional Svcs Offr THFW 40.0
Officer
$324,763 $56,590 $381,353
BrackerRachal R Grp Finan Offcr THFW-THAZ-THSH 18.0
Officer
$169,737 $29,776 $373,648
ZamaitesJennifer June SUPV NRSG 40.0
Highest
$296,375 $76,771 $373,146
MukaiGlenn Yukio PHARMACIST CLIN 40.0
Highest
$274,759 $67,110 $341,869
MilandStephanie Grp Fin Off Term 3/2023 30.0
Officer
$250,553 $14,811 $338,666
DeSioTerri Alice Former Officer 0.0
$0 $59,814 $338,401
BauerEric W DIR PHARMACY 40.0
Highest
$267,150 $38,149 $305,299
PhillipsDebra L ASSOC CNO THFW 40.0
Highest
$241,630 $55,666 $297,296
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 $1,233,728,106 $1,135,773,705 $747,842,245 $97,954,401
2022 $1,060,327,895 $1,021,772,627 $708,763,832 $38,555,268
2021 $986,113,649 $888,296,361 $650,433,477 $97,817,288
2020 $902,196,280 $818,309,864 $511,656,561 $83,886,416
2019 $875,616,308 $805,565,028 $430,912,135 $70,051,280
2018 $878,168,858 $805,865,327 $399,535,885 $72,303,531
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