Texas Health Harris Methodist Hospital Southwest Fort Worth
- Assets
- $220.8m
- Revenue
- $356.3m
- Investments
- $0.0
- Employees
- 1,797
- Location
- Fort Worth, TX
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 75-2678857
Organization Overview
Texas Health Harris Methodist Hospital Southwest Fort Worth, operating under the name Texas Health Southwest, is located in Fort Worth, TX. The organization was established in 1997. 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, Texas Health Southwest employed 1,797 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Health Southwest 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, Texas Health Southwest generated $356.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $316.1m during the year ending 12/2021. While expenses have increased by 5.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
LOCATED IN THE SOUTHWEST SECTOR OF FORT WORTH SINCE 1987, TEXAS HEALTH HARRIS METHODIST HOSPITAL SOUTHWEST FORT WORTH (THSW) IS A 266-BED ACUTE CARE HOSPITAL. THSW PROVIDES A WIDE ARRAY OF COMPREHENSIVE SERVICES INCLUDING: SURGICAL AND IMAGING SERVICES, A 24-HOUR EMERGENCY DEPARTMENT, ORTHOPEDICS AND SPORTS THERAPY, ADULT CRITICAL CARE, AND A LEVEL II NEONATAL INTENSIVE CARE UNIT. THSW EARNED A SILVER TEXAS HEALTH CARE QUALITY IMPROVEMENT AWARD FROM THE TMF HEALTH QUALITY INSTITUTE AND IS A HEART FAILURE, STROKE AND CHEST PAIN CERTIFIED BY THE JOINT COMMISSION. MORE THAN 1,350 EMPLOYEES WORK AT THE HOSPITAL AND MORE THAN 662 PHYSICIANS ARE PRACTICING ON THE MEDICAL STAFF. DURING THE YEAR, THSW HAD 62,045 PATIENT DAYS, 14,896 DISCHARGES, 89,476 OUTPATIENT ENCOUNTERS, 64,888 EMERGENCY ROOM VISITS AND 3,401 BIRTHS. THSW PROVIDES QUALITY MEDICAL HEALTHCARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. THE HOSPITAL PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS INCLUDING MEDICARE AND MEDICAID FOR REIMBURSEMENT THAT DOES NOT ALWAYS COVER THE COST OF PROVIDING THE CARE. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO BOTH FINANCIALLY INDIGENT AND MEDICALLY INDIGENT PATIENTS. HERE ARE THE AWARDS THAT THSW RECEIVED IN 2021: - 2021, 2016 MAGNET DESIGNATION - 2021, SILVER AWARD, AHA GET WITH THE GUIDELINES - NSTEMI - 2021, BRONZE AWARD, AHA GET WITH THE GUIDELINES - STEMI - 2021, MATERNAL LEVEL III DESIGNATION - 2021, NICU LEVEL III DESIGNATION - 2021, NATIONAL CARDIOVASCULAR DATA REGISTRY (NCDR) SILVER PERFORMANCE ACHIEVEMENT AWARD - 2021, CMS 4-STAR RATING FOR OVERALL QUALITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montgomerygary Mark Chief Medical Officer Thsw | Officer | 40 | $563,304 |
Tuckerrebecca D President Thsw | Officer | 40 | $509,001 |
Huntgretchen L Chief Nursing Officer Thsw | Officer | 0 | $367,538 |
Kirkhambrett Daniel VP Professional Svcs Offr Thsw | Officer | 40 | $314,976 |
Pricemonica L Grp Finan Officer Thsw-Ths | Officer | 36 | $276,270 |
Goinsmarva Marie Dir Pharmacy | 40 | $214,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Health Resources Management Fee | 12/30/21 | $45,771,704 |
Texas Health Physicians Group Physician Services | 12/30/21 | $4,970,692 |
Vanguard Resources Inc Housekeeping | 12/30/21 | $2,980,794 |
Crothal Healthcare Inc Environmental Serv | 12/30/21 | $2,274,940 |
Balfour Beatty Construction Construction | 12/30/21 | $1,626,240 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $233,259 |
| Government grants | $2,219,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,452,847 |
| Total Program Service Revenue | $353,244,985 |
| Investment income | $29,399 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,554 |
| Net Rental Income | $11,013 |
| Net Gain/Loss on Asset Sales | -$900,655 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,316,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $171,149 |
| 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. | $2,378,016 |
| Compensation of current officers, directors, key employees. | $2,378,016 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,884,277 |
| Pension plan accruals and contributions | $4,351,199 |
| Other employee benefits | $13,112,777 |
| Payroll taxes | $7,345,372 |
| Fees for services: Management | $45,771,704 |
| Fees for services: Legal | $0 |
| 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 | $21,342,119 |
| Advertising and promotion | $533,970 |
| Office expenses | $418,288 |
| Information technology | $1,443,964 |
| Royalties | $0 |
| Occupancy | $5,739,276 |
| Travel | $25,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,711 |
| Interest | $6,680,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,666,708 |
| Insurance | $3,044,370 |
| All other expenses | $5,842,450 |
| Total functional expenses | $316,148,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,394,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $229,952 |
| Inventories for sale or use | $7,009,023 |
| Prepaid expenses and deferred charges | $376,560 |
| Net Land, buildings, and equipment | $162,437,752 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,569 |
| Total assets | $220,751,324 |
| Accounts payable and accrued expenses | $22,152,246 |
| Grants payable | $0 |
| Deferred revenue | $6,042,762 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $756,281 |
| Total liabilities | $28,951,289 |
| Net assets without donor restrictions | $191,800,035 |
| 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 | $220,751,324 |
Grants Awarded
Over the last fiscal year, Texas Health Harris Methodist Hospital Southwest Fort Worth has awarded $166,649 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, TX PURPOSE: Indigent Health Care | $160,149 |
Rye Brook, NY PURPOSE: MWOY Sponsorship | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Health Harris Methodist Hospital Southwest Fort Worth has recieved totaling $226,763.
| Awarding Organization | Amount |
|---|---|
Texas Health Resources Foundation Arlington, TX PURPOSE: See Part IV | $226,763 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Mercy Hospital Oklahoma City Inc Oklahoma City, OK | $541,395,814 | $646,607,785 |
St Vincent Infirmary Medical Center Little Rock, AR | $1,148,625,414 | $510,888,320 |
Baton Rouge General Medical Center Baton Rouge, LA | $496,482,210 | $567,217,966 |
St Joseph Regional Health Center Bryan, TX | $646,031,520 | $469,355,522 |
Shannon Medical Center San Angelo, TX | $508,828,126 | $575,714,031 |
St Vincent Hospital Santa Fe, NM | $723,865,521 | $490,943,135 |
St Bernards Hospital Inc Jonesboro, AR | $376,576,923 | $505,772,828 |