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Nonprofiteer
← METHODIST HOSPITAL SELF INSURANCE TRUST

Form 990 for tax year 2022

Filed by METHODIST HOSPITAL SELF INSURANCE TRUST.

Totals

Total revenue
$29,751,346
Total expenses
$21,085,246
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,751,346
Investment income
$8,000,000
Other revenue
$0
Total assets, end of year
$131,623,600
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$131,623,600
Program services expenses (Part IX)
$21,085,246
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,085,246

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: FUNDING REVENUE

    total $21,751,346 · related or exempt $21,751,346

  • 3 · Investment income

    total $8,000,000 · related or exempt $8,000,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $11,735,194 · program services $11,735,194

  • 24a · Other expenses: NET CLAIMS EXPENSE

    total $9,350,052 · program services $9,350,052

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $122,957,500 · end of year $131,623,600

  • 27 · Net assets without donor restrictions

    beginning of year $122,957,500 · end of year $131,623,600

Mission and programs · 2022

Mission

SEE SCHEDULE O.

  • THE ORGANIZATION IS A TRUST AND WAS CREATED TO PROVIDE FOR THE SAFE KEEPING AND INVESTMENT OF FUNDS CONTRIBUTED BY THE METHODIST HOSPITAL (TMH), DOING BUSINESS AS HOUSTON METHODIST HOSPITAL, TO PROVIDE FOR FUNDING OF REASONABLE COSTS INCURRED IN PROTECTING HOUSTON METHODIST HOSPITAL ENTITIES AGAINST MALPRACTICE AND COMPREHENSIVE GENERAL PATIENT LIABILITY LOSSES.

    Expenses $21,085,246 · Revenue $29,751,346

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • State Street Bank

    TRUSTEE

    Total calculated
    $524,620
    From this org
    $0
    From related orgs
    $524,620
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MEDVEST 1 LIMITED PARTNERSHIP

    HEALTH CARE INVESTMENTS · TX

  • LITCHFIELD MEMORIAL PARTNERS

    PROPERTY INVESTMENTS · TX

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALLIED METHODIST HOSPITAL PHYSICIANS

    C · PHYSICIAN GROUP · TX

  • HOUSTON METHODIST CLEAR LAKE HOSPITAL MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • HOUSTON METHODIST ST CATHERINE MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • HOUSTON METHODIST THE WOODLANDS MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • MEDVEST HOLDINGS INC

    C · INVESTMENT COMPANY · TX

  • MEDVEST INCORPORATED

    C · INVESTMENT COMPANY · TX

  • METHODIST HEALTH CARE SYSTEM SHORT TERM DISABILITY PLAN TRUST

    T · INSURANCE TRUST · TX

  • METHODIST WEST HOUSTON MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • METHODIST WILLOWBROOK MOB CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • METHODIST WILLOWBROOK MOB CONDO ASSOC II

    C · CONDOMINIUM ASSOCIATION · TX

  • ROMLAC INC

    C · REAL ESTATE INVESTMENT · TX

  • SJMH CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • THE METHODIST HOSPITAL CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

  • TMH MEDICAL OFFICE BUILDINGS CONDO ASSOC

    C · CONDOMINIUM ASSOCIATION · TX

Provenance

Return type
form_990
Tax year
2022
Filed
22 August 2023
IRS schema version
2022v5.0
Source object
202332359349300603

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