Methodist Hospitals Of Dallas
- Assets
- $2.9b
- Revenue
- $1.8b
- Investments
- $198.5k
- Employees
- 10,678
- Location
- Dallas, TX
- Founding
- 02/1937
- Data as of
- 09/2021
- EIN
- 75-0800661
Organization Overview
Methodist Hospitals Of Dallas, operating under the name Methodist Health System, is located in Dallas, TX. The organization was established in 1937. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Methodist Health System employed 10,678 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Health System 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 09/2021, Methodist Health System generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.5b during the year ending 09/2021. While expenses have increased by 5.2% 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 2015, Methodist Health System has awarded 369 individual grants totaling $300,444,353. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND SAVE LIVES THROUGH COMPASSIONATE QUALITY HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY MISSION OF THE METHODIST HOSPITALS OF DALLAS D/B/A METHODIST HEALTH SYSTEM (MHS) IS TO SERVE PEOPLE IN DEFINED SERVICE AREAS BY MEETING THEIR HEALTH NEEDS EFFECTIVELY AND IN A MANNER THAT REFLECTS A COMMITMENT TO CHRISTIAN CONCEPTS OF LIFE AND LEARNING. THIS MISSION IS PURSUED BY OPERATING SIX GENERAL ACUTE-CARE HOSPITALS AND OTHER HEALTHCARE SERVICES, EDUCATION AND SUPPORT PROGRAMS NEEDED BY THE COMMUNITIES IN NORTH CENTRAL TEXAS. THE HOSPITALS ARE: METHODIST DALLAS MEDICAL CENTER (MDMC), A 592 LICENSED BED TEACHING REFERRAL HOSPITAL; METHODIST CHARLTON MEDICAL CENTER (MCMC), A 314 LICENSED BED TEACHING HOSPITAL; METHODIST MANSFIELD MEDICAL CENTER (MMMC), A 262 LICENSED BED HOSPITAL; METHODIST RICHARDSON MEDICAL CENTER (MRMC) WHICH NOW OPERATES A 443 LICENSED BED HOSPITAL ACROSS TWO CAMPUSES, METHODIST MIDLOTHIAN (MLMC), A 46 LICENSED BED HOSPITAL; AND METHODIST SOUTHLAKE MEDICAL CENTER (MSMC), A 54 LICENSED BED HOSPITAL. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair (through March 2023) | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chair (beginning March 2023) | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chair (through March 2023) | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hcbeck Ltd Construction Services | 9/29/23 | $43,079,143 |
Us Anesthesia Partners Of Texas Pa Medical Services | 9/29/23 | $4,098,445 |
Impact Advisors Llc Consulting Services | 9/29/23 | $2,703,046 |
Hospital Medicine Associates Medical Services | 9/29/23 | $6,161,815 |
Kpmg Llp Consulting Services | 9/29/23 | $2,542,987 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,007,665 |
| Investment income | $14,327,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $39,641 |
| Net Rental Income | $2,241,683 |
| Net Gain/Loss on Asset Sales | $17,365,890 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,778,931,007 |
| Statement of Expenses | |
|---|---|
| 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. | $13,690,775 |
| Compensation to disqualified persons | $298,623 |
| Other salaries and wages | $710,567,039 |
| Pension plan accruals and contributions | $24,728,408 |
| Other employee benefits | $31,301,150 |
| Payroll taxes | $42,848,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,872,072 |
| Fees for services: Accounting | $197,600 |
| Fees for services: Lobbying | $231,838 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $556,684 |
| Fees for services: Other | $48,223,377 |
| Advertising and promotion | $8,951,690 |
| Office expenses | $8,949,884 |
| Information technology | $22,401,992 |
| Royalties | $0 |
| Occupancy | $14,571,547 |
| Travel | $780,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $230,389 |
| Interest | $19,843,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,565,139 |
| Insurance | $7,365,990 |
| All other expenses | $0 |
| Total functional expenses | $1,522,971,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $768,506 |
| Savings and temporary cash investments | $1,563,574,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,839,809 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,738,711 |
| Inventories for sale or use | $39,326,464 |
| Prepaid expenses and deferred charges | $40,080,566 |
| Investments—publicly traded securities | $56,930,569 |
| Investments—other securities | $198,518 |
| Investments—program-related | $32,576,417 |
| Intangible assets | $1,308,844 |
| Other assets | $37,018,501 |
| Total assets | $2,942,691,478 |
| Accounts payable and accrued expenses | $168,219,192 |
| Grants payable | $0 |
| Deferred revenue | $23,010,082 |
| Tax-exempt bond liabilities | $326,049,748 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $105,634,060 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,436,461 |
| Total liabilities | $710,349,543 |
| Net assets without donor restrictions | $2,232,341,935 |
| 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 |
| Total liabilities and net assets/fund balances | $2,232,341,935 |
Grants Awarded
Over the last fiscal year, Methodist Hospitals Of Dallas has awarded $37,615,789 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SALESMANSHIP CLUB PURPOSE: community outreach | $31,000 |
SOUTHLAKE CHAMBER OF COMMERCE PURPOSE: community outreach | $35,000 |
DALLAS COUNTY MEDICAL SOCIETY PURPOSE: community outreach | $25,000 |
DALLAS REGIONAL CHAMBER PURPOSE: community outreach | $22,000 |
SOUTHLAKE WOMEN'S CLUB FOUNDATION PURPOSE: community outreach | $25,000 |
BUILDING TOMORROW TOGETHER PURPOSE: community outreach | $20,000 |