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Nonprofiteer
← THE METHODIST HOSPITALS INC

Form 990 for tax year 2024

Filed by THE METHODIST HOSPITALS INC.

Totals

Total revenue
$493,388,211
Total expenses
$531,133,604
Contributions and grants received
$1,707,380
Grants paid
$71,627
Program service revenue
$478,440,730
Investment income
$13,034,515
Other revenue
$205,586
Total assets, end of year
$364,813,281
Total liabilities, end of year
$146,843,244
Net assets or fund balances, end of year
$217,970,037
Program services expenses (Part IX)
$472,435,185
Management and general expenses
$58,698,419
Fundraising expenses
$0
Program service expenses (Part III)
$472,435,185

Program services were 88.9% 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.

  • 1d · Related organizations

    $558,438

  • 1f · All other contributions, gifts and grants

    $1,148,942

  • 2a · Program service revenue: HEALTHCARE AND SOCIAL ASSISTANCE

    total $440,731,993 · related or exempt $440,731,993

  • 2b · Program service revenue: MEDICAID DISPROPORTIONATE SHARE

    total $22,082,304 · related or exempt $22,082,304

  • 2c · Program service revenue: OTHER PATIENT SERVICES

    total $15,248,115 · related or exempt $15,248,115

  • 2d · Program service revenue: EMR INCENTIVE PAYMENTS

    total $378,318 · related or exempt $378,318

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,490,361 · excluded $6,490,361

  • 6a · Gross rents

    real property $646,575

  • 6b · Less rental expenses

    real property $440,989

  • 6c · Rental income or loss

    real property $205,586 · personal property $0

  • 6d · Net rental income or loss

    total $205,586 · excluded $205,586

  • 7a · Gross sales of assets other than inventory

    securities $56,649,165 · other assets $24,792

  • 7b · Less cost or other basis and sales expenses

    securities $50,093,339 · other assets $36,464

  • 7c · Gain or loss

    securities $6,555,826 · other assets -$11,672

  • 7d · Net gain or loss

    total $6,544,154 · excluded $6,544,154

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $71,627 · program services $71,627

  • 5 · Compensation of officers, directors and key employees

    total $3,392,101 · program services $2,210,343 · management and general $1,181,758

  • 7 · Other salaries and wages

    total $178,655,312 · program services $153,195,546 · management and general $25,459,766

  • 8 · Pension plan contributions

    total $10,533,488 · program services $9,212,984 · management and general $1,320,504

  • 9 · Other employee benefits

    total $25,499,268 · program services $22,015,615 · management and general $3,483,653

  • 10 · Payroll taxes

    total $12,644,162 · program services $10,653,213 · management and general $1,990,949

  • 11a · Fees: management

    total $2,046,467 · program services $1,496,958 · management and general $549,509

  • 11b · Fees: legal

    total $1,041,204 · program services $894,143 · management and general $147,061

  • 11c · Fees: accounting

    total $174,000 · management and general $174,000

  • 11f · Fees: investment management

    total $150,708 · management and general $150,708

  • 11g · Fees: other

    total $77,069,950 · program services $69,043,088 · management and general $8,026,862 · fundraising $0

  • 12 · Advertising and promotion

    total $1,455,382 · program services $1,300,607 · management and general $154,775

  • 13 · Office expenses

    total $128,260,535 · program services $120,969,469 · management and general $7,291,066

  • 14 · Information technology

    total $9,489,462 · program services $8,103,657 · management and general $1,385,805

  • 16 · Occupancy

    total $11,022,707 · program services $7,193,729 · management and general $3,828,978

  • 17 · Travel

    total $231,519 · program services $207,443 · management and general $24,076

  • 19 · Conferences, conventions and meetings

    total $49,820 · program services $45,462 · management and general $4,358

  • 20 · Interest

    total $3,776,349 · program services $3,300,104 · management and general $476,245

  • 22 · Depreciation, depletion and amortization

    total $17,223,740 · program services $15,349,052 · management and general $1,874,688

  • 23 · Insurance

    total $4,265,543 · program services $3,852,822 · management and general $412,721

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $23,495,056 · program services $23,495,056

  • 24b · Other expenses: MEDICAID ASSESSMENT FEE

    total $19,458,882 · program services $19,458,882

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $645,441 · program services $365,385 · management and general $280,056

  • 24d · Other expenses: REORGANIZATION COSTS

    total $480,881 · management and general $480,881

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,591,890 · end of year $13,369,344

  • 2 · Savings and temporary cash investments

    beginning of year $7,939,104 · end of year $11,863,073

  • 4 · Accounts receivable

    beginning of year $64,281,310 · end of year $57,865,293

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $18,353,466 · end of year $16,074,292

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,777,079 · end of year $7,319,269

  • 10a · Land, buildings and equipment: cost or other basis

    $569,731,182

  • 10b · Land, buildings and equipment: accumulated depreciation

    $438,386,894

  • 10c · Land, buildings and equipment, net

    beginning of year $139,808,153 · end of year $131,344,288

  • 11 · Investments: publicly traded securities

    beginning of year $110,970,676 · end of year $111,663,836

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $24,108,751 · end of year $15,313,886

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,318,982 · end of year $45,939,575

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,808,611 · end of year $67,296,542

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $15,301,390 · end of year $33,607,127

  • 27 · Net assets without donor restrictions

    beginning of year $251,051,454 · end of year $216,461,003

  • 28 · Net assets with donor restrictions

    beginning of year $1,349,992 · end of year $1,509,034

Mission and programs · 2024

Mission

THE METHODIST HOSPITALS, INC'S MISSION IS TO PROVIDE COMPASSIONATE, QUALITY HEALTH CARE SERVICES TO ALL THOSE IN NEED.

Activities or mission (Part I)

THE METHODIST HOSPITALS, INC. (METHODIST) IS AN INDIANA NONPROFIT CORPORATION OPERATING TWO GENERAL ACUTE CARE HOSPITALS IN NORTHWEST INDIANA. AS GENERAL ACUTE CARE FACILITIES, METHODIST PROVIDES A BROAD RANGE OF DIAGNOSTIC, THERAPEUTIC, EMERGENCY, REHABILITATION, RADIATION ONCOLOGY, SLEEP CENTER, INPATIENT, OUTPATIENT, AND ANCILLARY SERVICES. METHODIST'S MISSION IS TO PROVIDE HIGH QUALITY HEALTHCARE TO ALL PERSONS REGARDLESS OF THEIR RACE, RELIGION, SEX, NATIONAL ORIGIN, HANDICAP, AGE, OR ABILITY TO PAY. METHODIST STRIVES TO PROVIDE APPROPRIATE HEALTH EDUCATION, WELLNESS, AND PREVENTATIVE SERVICES. IN ADDITION, METHODIST IS COMMITTED TO BEING A RESPONSIBLE MEMBER OF THE COMMUNITY, OFFERING ITS RESOURCES TO ASSIST IN THE ACCOMPLISHMENT OF COMMUNITY OBJECTIVES.

  • THE METHODIST HOSPITALS, INC. HAS A COMMITMENT TO THE NEEDS OF ITS DIVERSE COMMUNITIES THROUGH QUALITY SERVICES. ITS REGIONAL REPUTATION FOR EXCELLENCE SINCE 1923 CONTINUES TO SUPPORT THE MARKET POSITION. METHODIST HOSPITALS IS AN INDIANA NOT-FOR-PROFIT CORPORATION, 562 BED COMMUNITY-BASED HEALTHCARE SYSTEMS GOVERNED BY A BOARD OF DIRECTORS. AS STEWARDS OF THE MISSION, REINVESTMENT IN THE COMMUNITIES IS CARRIED OUT THROUGH CHARITABLE GIVING, COMMUNITY EDUCATION PROGRAMS, ECONOMIC DEVELOPMENT FORUMS, SUPPORT SERVICES, SCREENINGS, AND ADVOCATING QUALITY CARE FOR THE MOST VULNERABLE AND UNDERSERVED. METHODIST HOSPITALS CONTINUES TO BE A FRONTRUNNER IN PROMOTING COMMUNITY HEALTH INITIATIVES AND SERVING POPULATIONS WITH HIGH INCIDENTS OF ACUTE ILLNESSES. METHODIST HOSPITALS HAS TWO FULL SERVICE ACUTE CARE CAMPUSES, 14 MILES APART. NORTHLAKE IS THE URBAN CAMPUS IN GARY, WHILE SOUTHLAKE CAMPUS IN MERRILLVILLE IS LOCATED NEAR ONE OF THE MIDWEST'S BUSIEST RETAIL AREAS. COMBINED CAMPUS BED CAPACITY IS 562 INCLUDING NURSERIES. METHODIST PROVIDES A BROAD RANGE OF DIAGNOSTIC, THERAPEUTIC, EMERGENCY, REHABILITATION, INPATIENT, OUTPATIENT AND ANCILLARY SERVICES. MIDLAKE CAMPUS IS AN OUTPATIENT FACILITY IN GARY CONVENIENTLY LOCATED BETWEEN NORTHLAKE AND SOUTHLAKE CAMPUSES, PARALLEL TO INTERSTATE 80/94. THE REHAB CENTERS, PROVIDING OUTPATIENT REHABILITATION SERVICES AT MIDLAKE, OPENED IN 2003. LOCATED ADJACENT TO THE MAIN ENTRANCE OF THE SOUTHLAKE CAMPUS IN MERRILLVILLE, IS THE DIAGNOSTIC OUTPATIENT CENTER AND MEDICAL OFFICE BUILDING. THIS FACILITY PROVIDES ADVANCED DIAGNOSTIC, IMAGING SERVICES, AND LABORATORY SERVICES AS WELL AS PROFESSIONAL OFFICES FOR MANY OF THE MEDICAL STAFF. THE MEDICAL STAFF OF MORE THAN 400 PHYSICIANS REPRESENTS NEARLY 40 MEDICAL SPECIALTIES. METHODIST HOSPITALS IS ONE OF THE TOP EMPLOYERS IN NORTHWEST INDIANA WITH OVER 2,000 EMPLOYEES. MISSION THE MISSION IS TO PROVIDE COMPASSIONATE, QUALITY HEALTH CARE SERVICES TO ALL THOSE IN NEED. VISION THE VISION IS TO BE THE BEST PLACE FOR EMPLOYEES TO WORK, THE BEST PLACE FOR PATIENTS TO RECEIVE CARE AND THE BEST PLACE FOR PHYSICIANS TO PRACTICE MEDICINE. METHODIST HOSPITALS PROVIDES A DISPROPORTIONATE AMOUNT OF CARE TO THE SEGMENT OF THEPOPULATION USING MEDICAID. METHODIST HOSPITALS IS ONE OF THE LARGEST MEDICAID PROVIDER OF ANY LARGE HOSPITAL IN INDIANA (ON A PERCENATAGE BASIS). IN 2024, 39.1% OF METHODIST HOSPITAL'S PATIENTS WERE MEDICAID RECIPIENTS. THE ORGANIZATION HAS 3 MEDICAID ENROLLERS ON SITE TO HELP THOSE WITHOUT INSURANCE ENROLL IN MEDICAID, OR REFER THEM TO COMMUNITY RESOURCES.

    Expenses $472,435,185 · Grants $71,627 · Revenue $478,440,730

As filed on the 2024 return.

Listed in Part VII

  • Glenn S Vician

    BOARD SECRETARY

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2 + 0.2 related

  • John A Lowenstine CPA

    BOARD VICE-CHAIRMAN

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Mattison A Dilts

    BOARD TREASURER

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2 + 0.2 related

  • Robert E Johnson III

    BOARD CHAIRMAN

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Bharat H Barai MD

    BOARD MEMBER

    Total calculated
    $89,255
    From this org
    $89,255
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Cheryl L Pruitt PhD

    BOARD MEMBER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Curtis A Whittaker Sr CPA

    BOARD MEMBER

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Katrina Wright MD

    BOARD MEMBER

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kelly Powers-Baria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lauren W Harting MD

    BOARD MEMBER

    Total calculated
    $311,492
    From this org
    $290,665
    From related orgs
    $0
    Other
    $20,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,665
    Bonus
    $0
    Other
    $0
    Deferred
    $9,234
    Nontaxable benefits
    $11,593
    Filer's total
    $311,492

  • Marti G Lundy PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rita R Jackson

    BOARD MEMBER

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott J May CPA

    BOARD MEMBER

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott K Steinwart

    BOARD MEMBER - PART YEAR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shelice R Tolbert

    BOARD MEMBER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lauren Trumbo CPA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $347,392
    From this org
    $336,833
    From related orgs
    $0
    Other
    $10,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,806
    Bonus
    $21,027
    Other
    $0
    Deferred
    $8,758
    Nontaxable benefits
    $1,801
    Filer's total
    $347,392

  • Matthew Doyle

    PRESIDENT, CHIEF EXECUTIVE OFFICER

    Total calculated
    $712,496
    From this org
    $635,143
    From related orgs
    $0
    Other
    $77,353
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $592,632
    Bonus
    $42,511
    Other
    $0
    Deferred
    $56,182
    Nontaxable benefits
    $21,171
    Filer's total
    $712,496

  • Marla Hoyer-Lareau

    SENIOR VICE PRESIDENT, CHIEF NURSING AND OPERATIONS OFFICER

    Total calculated
    $373,565
    From this org
    $324,925
    From related orgs
    $0
    Other
    $48,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,829
    Bonus
    $25,096
    Other
    $0
    Deferred
    $26,272
    Nontaxable benefits
    $22,368
    Filer's total
    $373,565

  • Rick Rhew

    VICE PRESIDENT, HUMAN RESOURCES

    Total calculated
    $260,717
    From this org
    $233,981
    From related orgs
    $0
    Other
    $26,736
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,813
    Bonus
    $18,168
    Other
    $0
    Deferred
    $6,899
    Nontaxable benefits
    $19,837
    Filer's total
    $260,717

  • Vincent L Sevier MD

    SENIOR VICE PRESIDENT, CHIEF MEDICAL OFFICER

    Total calculated
    $515,703
    From this org
    $458,177
    From related orgs
    $0
    Other
    $57,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $404,177
    Bonus
    $54,000
    Other
    $0
    Deferred
    $32,100
    Nontaxable benefits
    $25,426
    Filer's total
    $515,703

  • Wright Alcorn

    VICE PRESIDENT, OPERATIONS

    Total calculated
    $331,485
    From this org
    $309,158
    From related orgs
    $0
    Other
    $22,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,298
    Bonus
    $19,860
    Other
    $0
    Deferred
    $4,581
    Nontaxable benefits
    $17,746
    Filer's total
    $331,485

  • Andre Artis

    PHYSICIAN

    Total calculated
    $974,585
    From this org
    $939,193
    From related orgs
    $0
    Other
    $35,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $741,630
    Bonus
    $197,563
    Other
    $0
    Deferred
    $12,173
    Nontaxable benefits
    $23,219
    Filer's total
    $974,585

  • Harish A Shah

    PHYSICIAN

    Total calculated
    $781,246
    From this org
    $752,473
    From related orgs
    $0
    Other
    $28,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $583,136
    Bonus
    $169,337
    Other
    $0
    Deferred
    $6,951
    Nontaxable benefits
    $21,822
    Filer's total
    $781,246

  • Majd Kanbour

    PHYSICIAN

    Total calculated
    $737,115
    From this org
    $703,659
    From related orgs
    $0
    Other
    $33,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $528,659
    Bonus
    $175,000
    Other
    $0
    Deferred
    $6,942
    Nontaxable benefits
    $26,514
    Filer's total
    $737,115

  • Mihas M Kodenchery

    PHYSICIAN

    Total calculated
    $955,549
    From this org
    $920,641
    From related orgs
    $0
    Other
    $34,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $712,531
    Bonus
    $208,110
    Other
    $0
    Deferred
    $7,510
    Nontaxable benefits
    $27,398
    Filer's total
    $955,549

  • Siddharth Kakodkar

    PHYSICIAN

    Total calculated
    $1,052,129
    From this org
    $1,041,144
    From related orgs
    $0
    Other
    $10,985
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $678,021
    Bonus
    $363,123
    Other
    $0
    Deferred
    $7,269
    Nontaxable benefits
    $3,716
    Filer's total
    $1,052,129

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE PURPOSE OF THE PLAN IS TO PROVIDE DEFERRED COMPENSATION PRIMARILY FOR THE PARTICIPANT. The 457(F) PLAN IS AVAILABLE TO A SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES. MATTHEW DOYLE, VINCENT SEVIER, AND MARLA HOYER-LAREAU PARTICIPATE IN THE 457(F) PLAN. DURING 2024, THE INDIVIDUALS HAD CONTRIBUTIONS TO THE 457(F) PLAN AS FOLLOWS: MATTHEW DOYLE: $56,182 MARLA HOYER- LAREAU: $16,206 VINCENT SEVIER: $20,180 THEY DID NOT RECEIVE ANY DISTRIBUTIONS FROM THE PLAN IN 2024 NOR DID THEY HAVE ANY AMOUNTS VEST IN THE PLAN IN 2024.
Schedule J, Part I, Line 7 Non-fixed payments
AS INDICATED IN SCHEDULE J, PART II, OFFICERS AND OTHER KEY EMPLOYEES RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THIS BONUS WAS APPROVED BY THE EXECUTIVE STAFF FOR DIRECTOR-LEVEL BONUSES AND BY THE BOARD FOR EXECUTIVE STAFF-LEVEL BONUSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • METHODIST CARDIOGRAPHICS LLC

    READING CARDIOGRAMS · IN · income $661,686 · assets $78,032

    Directly controlled by THE METHODIST HOSPITALS INC

  • METHODIST AUXILIARY

    SUPPORTING ORGANIZATION · IN · income $150 · assets $0

    Directly controlled by THE METHODIST HOSPITALS INC

  • ADVANCED IMAGING CENTER LLC

    IMAGING SERVICES · IN · income $2,803,137 · assets $5,235,643

    Directly controlled by THE METHODIST HOSPITALS INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.1
Source object
202513099349301116

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