Methodist Health Inc
- Assets
- $96.9m
- Revenue
- $134.8m
- Investments
- $14.9m
- Employees
- 755
- Location
- Henderson, KY
- Founding
- 02/1956
- Data as of
- 09/2023
- EIN
- 61-0461753
Organization Overview
Methodist Health Inc, operating under the name Deaconess Henderson Hospital, is located in Henderson, KY. The organization was established in 1956. 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 09/2023, Deaconess Henderson Hospital employed 755 individuals. This organization is the central organization for a national or regional group of organizations. Deaconess Henderson Hospital 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 09/2023, Deaconess Henderson Hospital generated $134.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $122.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Deaconess Henderson Hospital has awarded 24 individual grants totaling $901,458. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
METHODIST HEALTH PROVIDES QUALITY HEALTHCARE SERVICES WITH A COMPASSIONATE AND CARING SPIRIT TO PERSONS, FAMILIES AND COMMUNITIES OF THE TRI-STATE. AT METHODIST HEALTH, OUR VALUES ARE BASED ON OUR COMMITMENT TO QUALITY. WE DEFINE QUALITY AS THE CONTINUOUS IMPROVEMENT OF SERVICES TO MEET THE NEEDS AND EXCEED THE EXPECTATIONS OF THE CUSTOMERS WE SERVE. OUR VALUES ARE QUALITY IN EVERYTHING WE DO, RESPECT FOR ALL PEOPLE, EFFICIENCY AND EFFECTIVENESS IN THE USE OF RESOURCES, INNOVATION TOWARD CONTINUOUS SYSTEM IMPROVEMENT, PARTNERSHIP WITH THOSE WE SERVE AND WITH SUPPLIERS, EDUCATION FOR CONTINUOUS GROWTH AND KNOWLEDGE AND PRIDE IN WORKMANSHIP. TO ACCOMPLISH ITS MISSION, METHODIST HEALTH IS COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR THE PEOPLE OF THE TRI-STATE BY DEMONSTRATING EXCELLENCE IN HEALTHCARE SERVICES, PROVIDING ACCESS TO HEALTHCARE, PROVIDING CHARITY CARE TO THOSE IN NEED, PROMOTING HEALTHY LIFESTYLES, OFFERING SPIRITUAL AND PSYCHOLOGICAL SUPPORT, SUPPORTING HEALTH RELATED
Describe the Organization's Program Activity:
Part 3 - Line 4a
METHODIST HEALTH, INC. OFFERS A BROAD RANGE OF INPATIENT AND OUTPATIENT MEDICAL SERVICES INCLUDING INTENSIVE CARE, OBSTETRICAL SERVICES, NEONATOLOGY, EMERGENCY CARE, SURGICAL SERVICES, AMBULATORY CARE, RADIOLOGY SERVICES, LABORATORY SERVICES, THERAPY SERVICES, SLEEP DISORDERS, AND WOUND CARE SERVICES. THE COMMUNITIES WE SERVE INCLUDE HENDERSON, UNION, AND WEBSTER COUNTIES. DEACONESS HENDERSON HOSPTITAL IS AN ACUTE CARE HOSPITAL LOCATED IN HENDERSON, KY WITH 192 LICENSED BEDS. DURING THE FISCAL YEAR ENDING SEPTEMBER 20, 2023, DEACONESS HENDERSON HOSPITAL SERVED 3,319 INPATIENTS FOR A TOTAL OF 13,423 INPATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED 25,735 EMERGENCY ROOM VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Alan Risch Chairman | Trustee | 5 | $0 |
Curtis Michael Webb Vice Chair | Trustee | 5 | $0 |
Susan E Parsons Treasurer | Trustee | 5 | $0 |
Charles S Austin Secretary | Trustee | 5 | $0 |
Kelli Matthew MD Director & Chief Of Staff | OfficerTrustee | 50 | $823,085 |
Phillip Shields Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Health Of Indiana Therapy Services | 9/29/23 | $1,470,994 |
Sarah Kung Do Pllc Pulmonology Services | 9/29/23 | $867,649 |
Craig Anesthesiology Svcs Llc Anesthesia Services | 9/29/23 | $715,996 |
Yiuka Pitt Md Anesthesia Services | 9/29/23 | $649,959 |
Da Rosen Healthcare Pllc Hospitalist Services | 9/29/23 | $506,910 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $132,045,581 |
| Investment income | $362,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,272,929 |
| Net Gain/Loss on Asset Sales | $143,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,810,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,238 |
| 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. | $1,300,392 |
| Compensation of current officers, directors, key employees. | $1,300,392 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,932,392 |
| Pension plan accruals and contributions | $1,237,027 |
| Other employee benefits | $6,470,593 |
| Payroll taxes | $2,697,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,873 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,389,786 |
| Advertising and promotion | $53,329 |
| Office expenses | $590,670 |
| Information technology | $881,187 |
| Royalties | $0 |
| Occupancy | $5,892,670 |
| Travel | $36,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,998 |
| Interest | $1,324,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,975,307 |
| Insurance | $835,360 |
| All other expenses | $675,625 |
| Total functional expenses | $122,208,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,153,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,274,702 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $272,383 |
| Inventories for sale or use | $1,695,840 |
| Prepaid expenses and deferred charges | $740,931 |
| Net Land, buildings, and equipment | $53,741,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,892,042 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,143,398 |
| Total assets | $96,914,788 |
| Accounts payable and accrued expenses | $12,898,362 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,596,088 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$814,300 |
| Total liabilities | $33,680,150 |
| Net assets without donor restrictions | $63,234,638 |
| Net assets with donor restrictions | $0 |
| 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 | $96,914,788 |
Grants Awarded
Over the last fiscal year, Methodist Health Inc has awarded $90,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HENDERSON COMMUNITY COLLEGE PURPOSE: EDUCATION EXCELLENCE | $50,000 |
HENDERSON ECONOMIC DEVELOPMENT CORP PURPOSE: ECONOMIC DEVELOPMENT | $20,000 |
CLIFF HAGAN BOYS & GIRLS CLUB PURPOSE: CAPITAL CAMPAIGN | $10,000 |
HABITAT FOR HUMANITY HENDERSON PURPOSE: COMMUNITY BUILDING | $10,000 |