Methodist Hospitals Inc
- Assets
- $450.1m
- Revenue
- $429.9m
- Investments
- $0.0
- Employees
- 2,788
- Location
- Gary, IN
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 35-0868133
Organization Overview
Methodist Hospitals Inc is located in Gary, IN. The organization was established in 1942. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Methodist Hospitals Inc employed 2,788 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Hospitals Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Methodist Hospitals Inc generated $429.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $418.9m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Methodist Hospitals Inc has awarded 46 individual grants totaling $1,449,612. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE METHODIST HOSPITALS, INC. (METHODIST) IS AN INDIANA NONPROFIT CORPORATION OPERATING TWO GENERAL ACUTE CARE HOSPITALS IN NORTHWEST INDIANA. AS GENERAL ACUTE CARE FACILITIES, METHODIST PROVIDES A BROAD RANGE OF DIAGNOSTIC, THERAPEUTIC, EMERGENCY, REHABILITATION, INPATIENT, OUTPATIENT, AND ANCILLARY SERVICES. METHODIST'S MISSION IS TO PROVIDE HIGH QUALITY HEALTHCARE TO ALL PERSONS REGARDLESS OF THEIR RACE, RELIGION, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. METHODIST STRIVES TO PROVIDE APPROPRIATE HEALTH EDUCATION, WELLNESS, AND PREVENTATIVE SERVICES. IN ADDITION, METHODIST IS COMMITTED TO BEING A RESPONSIBLE MEMBER OF THE COMMUNITY, OFFERING ITS RESOURCES TO ASSIST IN THE ACCOMPLISHMENT OF COMMUNITY OBJECTIVES.
Describe the Organization's Program Activity:
THE METHODIST HOSPITALS, INC. HAS A COMMITMENT TO THE NEEDS OF ITS DIVERSE COMMUNITIES THROUGH QUALITY SERVICES. ITS REGIONAL REPUTATION FOR EXCELLENCE SINCE 1923 CONTINUES TO SUPPORT THE MARKET POSITION. METHODIST HOSPITALS IS AN INDIANA NOT-FOR-PROFIT CORPORATION, 562 BED COMMUNITY-BASED HEALTHCARE SYSTEMS GOVERNED BY A BOARD OF DIRECTORS. AS STEWARDS OF THE MISSION, REINVESTMENT IN THE COMMUNITIES IS CARRIED OUT THROUGH CHARITABLE GIVING, COMMUNITY EDUCATION PROGRAMS, ECONOMIC DEVELOPMENT FORUMS, SUPPORT SERVICES, SCREENINGS, AND ADVOCATING QUALITY CARE FOR THE MOST VULNERABLE AND UNDERSERVED. METHODIST HOSPITALS CONTINUES TO BE A FRONTRUNNER IN PROMOTING COMMUNITY HEALTH INITIATIVES AND SERVING POPULATIONS WITH HIGH INCIDENTS OF ACUTE ILLNESSES. METHODIST HOSPITALS HAS TWO FULL SERVICE ACUTE CARE CAMPUSES, 14 MILES APART. NORTHLAKE IS THE URBAN CAMPUS IN GARY, WHILE SOUTHLAKE CAMPUS IN MERRILLVILLE IS LOCATED NEAR ONE OF THE MIDWEST'S BUSIEST RETAIL AREAS. COMBINED CAMPUS BED CAPACITY IS 562 INCLUDING NURSERIES. METHODIST PROVIDES A BROAD RANGE OF DIAGNOSTIC, THERAPEUTIC, EMERGENCY, REHABILITATION, INPATIENT, OUTPATIENT AND ANCILLARY SERVICES. MIDLAKE CAMPUS IS AN OUTPATIENT FACILITY IN GARY CONVENIENTLY LOCATED BETWEEN NORTHLAKE AND SOUTHLAKE CAMPUSES, PARALLEL TO INTERSTATE 80/94. THE REHAB CENTERS, PROVIDING OUTPATIENT REHABILITATION SERVICES AT MIDLAKE, OPENED IN 2003. LOCATED ADJACENT TO THE MAIN ENTRANCE OF THE SOUTHLAKE CAMPUS IN MERRILLVILLE, IS THE DIAGNOSTIC OUTPATIENT CENTER AND MEDICAL OFFICE BUILDING. THIS FACILITY PROVIDES ADVANCED DIAGNOSTIC, IMAGING SERVICES, AND LABORATORY SERVICES AS WELL AS PROFESSIONAL OFFICES FOR MANY OF THE MEDICAL STAFF. THE MEDICAL STAFF OF MORE THAN 400 PHYSICIANS REPRESENTS NEARLY 40 MEDICAL SPECIALTIES. METHODIST HOSPITALS IS ONE OF THE TOP EMPLOYERS IN NORTHWEST INDIANA WITH OVER 2,000 EMPLOYEES. MISSION THE MISSION IS TO PROVIDE COMPASSIONATE, QUALITY HEALTH CARE SERVICES TO ALL THOSE IN NEED. VISIONTHE VISION IS TO BE THE BEST PLACE FOR EMPLOYEES TO WORK, THE BEST PLACE FOR PATIENTS TO RECEIVE CARE AND THE BEST PLACE FOR PHYSICIANS TO PRACTICE MEDICINE. "
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andre K Artis Physician | 40 | $904,392 | |
Mihas M Kodenchery Physician | 40 | $867,620 | |
Harish A Shah Physician | 40 | $836,617 | |
Vineet P Shah Physician | 40 | $698,781 | |
Matthew Doyle President, Chief Executive Officer | Officer | 40 | $688,317 |
Thach N Nguyen Physician | 40 | $673,849 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bottom Line Systems Llc Consulting | 12/30/21 | $1,045,389 |
Hodges & Davis Pc Legal Services | 12/30/21 | $889,165 |
Medical Solutions Llc Contracted Nursing Labor | 12/30/21 | $14,669,950 |
Cep America Llc Emergency Department Physicians | 12/30/21 | $2,386,584 |
Professional Clinical Laboratories Llc Lab Services - Testing | 12/30/21 | $706,978 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $403,410 |
| Government grants | $18,426,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,187,717 |
| Total Program Service Revenue | $405,158,512 |
| Investment income | $5,026,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $506,557 |
| Net Gain/Loss on Asset Sales | $54,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $429,933,384 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,355 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,247,168 |
| Compensation of current officers, directors, key employees. | $1,281,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,554,672 |
| Pension plan accruals and contributions | $4,670,501 |
| Other employee benefits | $23,799,389 |
| Payroll taxes | $10,311,509 |
| Fees for services: Management | $2,686,867 |
| Fees for services: Legal | $1,522,744 |
| Fees for services: Accounting | $190,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,700 |
| Fees for services: Other | $71,115,389 |
| Advertising and promotion | $1,367,823 |
| Office expenses | $79,521,708 |
| Information technology | $7,190,642 |
| Royalties | $0 |
| Occupancy | $10,668,641 |
| Travel | $154,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,608 |
| Interest | $2,341,346 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,421,345 |
| Insurance | $3,071,682 |
| All other expenses | $0 |
| Total functional expenses | $418,851,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,715,421 |
| Savings and temporary cash investments | $8,413,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,726,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,138,461 |
| Prepaid expenses and deferred charges | $4,617,356 |
| Net Land, buildings, and equipment | $136,045,803 |
| Investments—publicly traded securities | $118,132,642 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,275,795 |
| Total assets | $450,065,579 |
| Accounts payable and accrued expenses | $47,765,001 |
| Grants payable | $0 |
| Deferred revenue | $27,507,096 |
| Tax-exempt bond liabilities | $69,810,538 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,618,144 |
| Total liabilities | $171,700,779 |
| Net assets without donor restrictions | $277,705,566 |
| Net assets with donor restrictions | $659,234 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $450,065,579 |
Grants Awarded
Over the last fiscal year, Methodist Hospitals Inc has awarded $34,355 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: HEART DISEASE AWARENESS/PREVENTION PROGRAMS | $25,000 |
Gary, IN PURPOSE: SUPPORT LOCAL LITERACY PROGRAMS | $9,355 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Methodist Hospitals Inc has recieved totaling $73,250.
| Awarding Organization | Amount |
|---|---|
John W Anderson Foundation Valparaiso, IN PURPOSE: EQUIPMENT | $60,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: Patient Support | $7,250 |
American College Of Cardiology Foundation Washington, DC | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |