The Methodist Hospital
- Assets
- $9.9b
- Revenue
- $2.9b
- Investments
- $0.0
- Employees
- 13,509
- Location
- Houston, TX
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 74-1180155
Organization Overview
The Methodist Hospital, operating under the name Houston Methodist Hospital, is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Houston Methodist Hospital employed 13,509 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Houston Methodist 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 12/2022, Houston Methodist Hospital generated $2.9b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.7b during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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, Houston Methodist Hospital has awarded 592 individual grants totaling $219,331,680. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEDICAL CARE (SEE MISSION STATEMENT ON PAGE 2)
Describe the Organization's Program Activity:
SEE SCHEDULE OCURRENTLY HOUSTON METHODIST HOSPITAL OPERATES 1,365 LICENSED BEDS IN ITS TEXAS MEDICAL CENTER FACILITIES. HOUSTON METHODIST HOSPITAL RECORDED 569,272 VISITS DURING 2022 WHICH WERE COMPRISED OF 436,659 OUTPATIENT VISITS, 92,178 EMERGENCY ROOM VISITS AND 40,435 INPATIENT ADMISSIONS. IT ALSO PERFORMED 14,345 INPATIENT SURGERIES AND 27,162 OUTPATIENT SURGERIES IN 2022.THE PRINCIPAL MEDICAL SERVICES AVAILABLE AT HOUSTON METHODIST HOSPITAL ARE ANESTHESIOLOGY, CARDIOVASCULAR SURGERY, ORAL & MAXILLOFACIAL-HOSPITAL DENTISTRY, DERMATOLOGY, FAMILY MEDICINE, GENERAL SURGERY, INTERNAL MEDICINE, CARDIOLOGY, CLINICAL IMMUNOLOGY, GASTROENTEROLOGY, GENERAL MEDICINE, HEMATOLOGY, HYPERTENSION TREATMENT, INFECTIOUS DISEASES, MEDICAL GENETICS, METABOLIC AND ENDOCRINE DISEASES, NUCLEAR MEDICINE, ONCOLOGY, PHARMACOLOGY, PULMONARY DISEASES, RENAL DISEASES, RHEUMATOLOGY, NEUROPHYSIOLOGY, NEUROSURGERY, OBSTETRICS AND GYNECOLOGY, OPHTHALMOLOGY, ORTHOPEDIC SURGERY, OTOLARYNGOLOGY-HEAD & NECK SURGERY, PATHOLOGY, PEDIATRICS, PHYSICAL MEDICINE AND REHABILITATION, PLASTIC SURGERY, PSYCHIATRY, RADIOLOGY, RADIOTHERAPY, AND UROLOGY. HOUSTON METHODIST HOSPITAL ALSO OFFERS A RANGE OF ADDITIONAL PATIENT SERVICES, INCLUDING AMBULATORY SURGERY, A BLOOD DONOR CENTER, A REHABILITATION CENTER, A SKILLED NURSING FACILITY, AND A BROAD RANGE OF PREVENTIVE HEALTH CARE INSTRUCTION, INCLUDING SMOKING CESSATION, STRESS MANAGEMENT, WEIGHT CONTROL, AND CARDIAC AND PULMONARY REHABILITATION.GENERAL OUTPATIENT SERVICES OFFERED BY HOUSTON METHODIST HOSPITAL INCLUDE AUDIOLOGY, SPEECH PATHOLOGY, PSYCHIATRIC SERVICES, DIAGNOSTIC CARDIOLOGY (INCLUDING NUCLEAR CARDIOLOGY, ECHOCARDIOGRAPHY, ELECTROCARDIOGRAPHY, PACEMAKER EVALUATION, AND CORONARY CATHETERIZATION), ENDOSCOPY, EMERGENCY SERVICES, GENERAL AND DIAGNOSTIC RADIOLOGY (INCLUDING FLUOROSCOPY, ULTRASOUND, MAMMOGRAPHY, MYELOGRAPHY, CT SCANNING, AND MRI), NUCLEAR MEDICINE, PATHOLOGY, PERIPHERAL VASCULAR LABORATORY, DERMATOLOGY, PHYSICAL MEDICINE, RADIOTHERAPY, SLEEP STUDIES AND NEUROPHYSIOLOGIC EVALUATIONS, AND SURGERY.HOUSTON METHODIST HOSPITAL OPERATES A MULTI-ORGAN TRANSPLANT CENTER. TRANSPLANTS BEING PERFORMED AT PRESENT INCLUDE KIDNEY, HEART, LUNGS, LIVER, PANCREAS, AND BONE MARROW. HOUSTON METHODIST HOSPITAL RESPONDS TO THE COMMUNITY'S NEEDS NOT ONLY THROUGH THE PROVISION OF MEDICAL CARE, BUT ALSO THROUGH EDUCATION OF HEALTH PROFESSIONALS AND PATIENTS, COMMUNITY HEALTH EDUCATION, DONATIONS TO HEALTH CARE RELATED EVENTS AND OTHER SERVICES, AND MEDICAL AND HEALTH RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nine Officerdir-See Methodist Hospital Group Return-Sche | OfficerTrustee | 4.89 | $4,017,895 |
Sixteen Directors-See Methodist Hospital Group Return-Sche | Trustee | 2 | $93,500 |
One Officer-See Methodist Hospital Group Return-Sche | Officer | 24 | $1,794,772 |
Seven Key Employees-See Methodist Hospital Group Return-Sche | Officer | 44.86 | $8,336,987 |
Four Highest Paid-See Methodist Hospital Group Return-Sche | 43.75 | $3,238,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,995,733 |
| Government grants | $3,746,195 |
| 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 | $33,741,928 |
| Total Program Service Revenue | $2,737,750,742 |
| Investment income | $108,116,278 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $19 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,099,447 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,895,491,123 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,762,694 |
| Grants and other assistance to domestic individuals. | $36,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,517,166 |
| Compensation of current officers, directors, key employees. | $16,517,166 |
| Compensation to disqualified persons | $1,374,827 |
| Other salaries and wages | $724,327,202 |
| Pension plan accruals and contributions | $54,774,811 |
| Other employee benefits | $117,881,483 |
| Payroll taxes | $65,109,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,863,589 |
| Fees for services: Accounting | $768,111 |
| Fees for services: Lobbying | $624,763 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,862,635 |
| Fees for services: Other | $149,345,260 |
| Advertising and promotion | $11,482,369 |
| Office expenses | $22,806,273 |
| Information technology | $100,289,052 |
| Royalties | $0 |
| Occupancy | $39,328,109 |
| Travel | $3,041,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,121,881 |
| Interest | $42,248,720 |
| Payments to affiliates | $38,680,452 |
| Depreciation, depletion, and amortization | $140,154,138 |
| Insurance | $5,388,444 |
| All other expenses | $27,769,239 |
| Total functional expenses | $2,686,670,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,230,937 |
| Savings and temporary cash investments | $498,762,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,904,533 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,049,520 |
| Inventories for sale or use | $42,348,079 |
| Prepaid expenses and deferred charges | $46,243,385 |
| Net Land, buildings, and equipment | $1,850,024,321 |
| Investments—publicly traded securities | $6,528,358,163 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,591,309 |
| Other assets | $501,743,575 |
| Total assets | $9,864,255,911 |
| Accounts payable and accrued expenses | $806,262,013 |
| Grants payable | $0 |
| Deferred revenue | $70,390,698 |
| Tax-exempt bond liabilities | $2,110,739,264 |
| 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 | $260,679,127 |
| Total liabilities | $3,248,071,102 |
| Net assets without donor restrictions | $6,616,184,809 |
| 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 | $9,864,255,911 |
Grants Awarded
Over the last fiscal year, The Methodist Hospital has awarded $10,046,271 in support to 120 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS HEALTH (FORMERLY FORT BEND FAMILY HEALTH) PURPOSE: PROGRAM SUPPORT | $247,083 |
AIDS FOUNDATION HOUSTON INC PURPOSE: PROGRAM SUPPORT | $57,462 |
AVENUE 360 HEALTH AND WELLNESS PURPOSE: PROGRAM SUPPORT | $78,300 |
BOYS & GIRLS CLUB OF GREATER HOUSTON INC PURPOSE: PROGRAM SUPPORT | $79,800 |
BOYS AND GIRLS COUNTRY OF HOUSTON INC PURPOSE: PROGRAM SUPPORT | $64,830 |
DEPELCHIN CHILDREN'S CENTER PURPOSE: PROGRAM SUPPORT | $150,000 |