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Nonprofiteer
← THE METHODIST HOSPITALS INC

Form 990 for tax year 2023

Filed by THE METHODIST HOSPITALS INC.

Totals

Total revenue
$472,239,534
Total expenses
$485,389,817
Contributions and grants received
$947,964
Grants paid
$30,000
Program service revenue
$464,966,672
Investment income
$6,736,013
Other revenue
-$411,115
Total assets, end of year
$381,830,429
Total liabilities, end of year
$129,428,983
Net assets or fund balances, end of year
$252,401,446
Program services expenses (Part IX)
$428,285,333
Management and general expenses
$57,104,484
Fundraising expenses
$0
Program service expenses (Part III)
$428,285,333

Program services were 88.2% 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

    $535,000

  • 1f · All other contributions, gifts and grants

    $412,964

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

    total $392,012,208 · related or exempt $392,012,208

  • 2b · Program service revenue: MEDICAID DISPROPORTIONATE SHARE

    total $56,723,255 · related or exempt $56,723,255

  • 2c · Program service revenue: OTHER PATIENT SERVICES

    total $15,852,891 · related or exempt $15,852,891

  • 2d · Program service revenue: EMR INCENTIVE PAYMENTS

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

  • 3 · Investment income

    total $6,444,440 · excluded $6,444,440

  • 6a · Gross rents

    real property $563,340

  • 6b · Less rental expenses

    real property $974,455

  • 6c · Rental income or loss

    real property -$411,115

  • 6d · Net rental income or loss

    total -$411,115 · excluded -$411,115

  • 7a · Gross sales of assets other than inventory

    securities $13,824,229 · other assets $503,368

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

    securities $13,649,731 · other assets $386,293

  • 7c · Gain or loss

    securities $174,498 · other assets $117,075

  • 7d · Net gain or loss

    total $291,573 · excluded $291,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 5 · Compensation of officers, directors and key employees

    total $3,332,457 · program services $2,160,993 · management and general $1,171,464

  • 7 · Other salaries and wages

    total $160,873,636 · program services $136,935,531 · management and general $23,938,105

  • 8 · Pension plan contributions

    total $5,688,891 · program services $4,928,435 · management and general $760,456

  • 9 · Other employee benefits

    total $21,814,313 · program services $18,569,365 · management and general $3,244,948

  • 10 · Payroll taxes

    total $11,104,382 · program services $9,334,801 · management and general $1,769,581

  • 11a · Fees: management

    total $2,625,852 · program services $1,922,700 · management and general $703,152

  • 11b · Fees: legal

    total $1,084,501 · program services $903,858 · management and general $180,643

  • 11c · Fees: accounting

    total $244,700 · management and general $244,700

  • 11f · Fees: investment management

    total $152,591 · management and general $152,591

  • 11g · Fees: other

    total $81,705,369 · program services $73,784,108 · management and general $7,921,261

  • 12 · Advertising and promotion

    total $1,609,944 · program services $1,418,694 · management and general $191,250

  • 13 · Office expenses

    total $107,786,345 · program services $99,938,336 · management and general $7,848,009

  • 14 · Information technology

    total $8,348,858 · program services $7,056,461 · management and general $1,292,397

  • 16 · Occupancy

    total $10,830,656 · program services $6,667,941 · management and general $4,162,715

  • 17 · Travel

    total $247,221 · program services $221,682 · management and general $25,539

  • 19 · Conferences, conventions and meetings

    total $39,482 · program services $30,522 · management and general $8,960

  • 20 · Interest

    total $3,563,697 · program services $3,080,118 · management and general $483,579

  • 22 · Depreciation, depletion and amortization

    total $16,839,226 · program services $14,677,245 · management and general $2,161,981

  • 23 · Insurance

    total $4,151,113 · program services $3,735,617 · management and general $415,496

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $23,225,019 · program services $23,225,019

  • 24b · Other expenses: MEDICAID ASSESSMENT FEE

    total $19,234,970 · program services $19,234,970

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $760,254 · program services $428,937 · management and general $331,317

  • 24d · Other expenses: REORGANIZATION COSTS

    total $96,340 · management and general $96,340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,964,970 · end of year $9,591,890

  • 2 · Savings and temporary cash investments

    beginning of year $5,016,514 · end of year $7,939,104

  • 4 · Accounts receivable

    beginning of year $48,287,666 · end of year $64,281,310

  • 8 · Inventories for sale or use

    beginning of year $14,810,071 · end of year $18,353,466

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,998,937 · end of year $6,777,079

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

    $562,264,554

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

    $422,456,401

  • 10c · Land, buildings and equipment, net

    beginning of year $134,764,780 · end of year $139,808,153

  • 11 · Investments: publicly traded securities

    beginning of year $106,595,615 · end of year $110,970,676

  • 15 · Other assets

    beginning of year $18,028,998 · end of year $24,108,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,997,696 · end of year $50,318,982

  • 20 · Tax-exempt bond liabilities

    beginning of year $66,864,758 · end of year $63,808,611

  • 25 · Other liabilities

    beginning of year $23,604,382 · end of year $15,301,390

  • 27 · Net assets without donor restrictions

    beginning of year $255,024,495 · end of year $251,051,454

  • 28 · Net assets with donor restrictions

    beginning of year $976,220 · end of year $1,349,992

Mission and programs · 2023

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, 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. VISIONTHE 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 2023, 39.1% OF METHODIST HOSPITAL'S PATIENTS WERE MEDICAIDRECIPIENTS. THE ORGANIZATION HAS 3 MEDICAID ENROLLERS ON SITE TO HELP THOSE WITHOUT INSURANCE ENROLL IN MEDICAID, OR REFER THEM TO COMMUNITY RESOURCES.

    Expenses $428,285,333 · Grants $30,000 · Revenue $464,966,672

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bharat H Barai MD

    BOARD MEMBER

    Total calculated
    $92,270
    From this org
    $92,270
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • 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

  • 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

  • Mattison A Dilts

    BOARD TREASURER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2 + 0.3 related

  • Scott J May CPA

    BOARD MEMBER

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

  • Katrina Wright MD

    BOARD MEMBER

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

  • Robert E Johnson III

    BOARD CHAIRMAN

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Shelice R Tolbert

    BOARD MEMBER

    Total calculated
    $5,500
    From this org
    $5,500
    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

  • Cheryl L Pruitt PhD

    BOARD MEMBER

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rita R Jackson

    BOARD MEMBER

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott K Steinwart

    BOARD MEMBER - BEG 6/2023

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Marti G Lundy PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mamon Powers Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Doyle

    PRESIDENT, CHIEF EXECUTIVE OFFICER

    Total calculated
    $687,258
    From this org
    $614,476
    From related orgs
    $0
    Other
    $72,782
    Hours/week
    40 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $572,278
    Bonus
    $42,198
    Other
    $0
    Deferred
    $54,101
    Nontaxable benefits
    $18,681
    Filer's total
    $687,258

  • Lauren Trumbo CPA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $334,065
    From this org
    $323,563
    From related orgs
    $0
    Other
    $10,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,684
    Bonus
    $21,879
    Other
    $0
    Deferred
    $9,031
    Nontaxable benefits
    $1,471
    Filer's total
    $334,065

  • Vincent L Sevier MD

    SENIOR VP, CHIEF MEDICAL OFFICER

    Total calculated
    $473,227
    From this org
    $421,249
    From related orgs
    $0
    Other
    $51,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $391,074
    Bonus
    $30,175
    Other
    $0
    Deferred
    $29,243
    Nontaxable benefits
    $22,735
    Filer's total
    $473,227

  • Marla Hoyer-Lareau

    SENIOR VP, CHIEF NURSING & OPERATION

    Total calculated
    $387,160
    From this org
    $344,201
    From related orgs
    $0
    Other
    $42,959
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,856
    Bonus
    $24,345
    Other
    $0
    Deferred
    $24,206
    Nontaxable benefits
    $18,753
    Filer's total
    $387,160

  • Wright Alcorn

    VICE PRESIDENT, OPERATIONS

    Total calculated
    $327,446
    From this org
    $307,191
    From related orgs
    $0
    Other
    $20,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,285
    Bonus
    $21,906
    Other
    $0
    Deferred
    $4,375
    Nontaxable benefits
    $15,880
    Filer's total
    $327,446

  • Rick Rhew

    VICE PRESIDENT, HUMAN RESOURCES

    Total calculated
    $274,099
    From this org
    $248,770
    From related orgs
    $0
    Other
    $25,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,599
    Bonus
    $11,171
    Other
    $0
    Deferred
    $7,358
    Nontaxable benefits
    $17,971
    Filer's total
    $274,099

  • Andre K Artis

    PHYSICIAN

    Total calculated
    $825,626
    From this org
    $800,423
    From related orgs
    $0
    Other
    $25,203
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $782,173
    Bonus
    $18,250
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $18,603
    Filer's total
    $825,626

  • Mihas M Kodenchery

    PHYSICIAN

    Total calculated
    $813,136
    From this org
    $785,254
    From related orgs
    $0
    Other
    $27,882
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $770,704
    Bonus
    $14,550
    Other
    $0
    Deferred
    $4,950
    Nontaxable benefits
    $22,932
    Filer's total
    $813,136

  • Nicholas B Wallace

    PHYSICIAN

    Total calculated
    $714,934
    From this org
    $696,222
    From related orgs
    $0
    Other
    $18,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $696,222
    Bonus
    $0
    Other
    $0
    Deferred
    $9,900
    Nontaxable benefits
    $8,812
    Filer's total
    $714,934

  • Harish A Shah

    PHYSICIAN

    Total calculated
    $658,683
    From this org
    $635,165
    From related orgs
    $0
    Other
    $23,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $615,768
    Bonus
    $19,397
    Other
    $0
    Deferred
    $4,950
    Nontaxable benefits
    $18,568
    Filer's total
    $658,683

  • Majd Kanbour

    PHYSICIAN

    Total calculated
    $766,183
    From this org
    $739,825
    From related orgs
    $0
    Other
    $26,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $604,217
    Bonus
    $135,608
    Other
    $0
    Deferred
    $4,950
    Nontaxable benefits
    $21,408
    Filer's total
    $766,183

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)

PART I, LINE 4B
LINE 4A: 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 2023, THE INDIVIDUALS HAD CONTRIBUTIONS TO THE 457(F) PLAN AS FOLLOWS: MATTHEW DOYLE: $54,101 VINCENT SEVIER: $19,343 MARLA HOYER-LAREAU: $15,606 THERE WERE NO DISTRIBUTIONS FROM THE PLAN IN 2023, NOR DID THE PARTICIPATING INDIVIDUALS HAVE ANY AMOUNTS VEST IN THE PLAN IN 2023.
PART I, LINE 7
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 $636,830 · assets $65,897

    Directly controlled by THE METHODIST HOSPITALS INC

  • METHODIST AUXILIARY

    SUPPORTING ORGANIZATION · IN · income $196 · assets $45,733

    Directly controlled by THE METHODIST HOSPITALS INC

  • ADVANCED IMAGING CENTER LLC

    IMAGING SERVICES · IN · income $1,515,655 · assets $3,639,170

    Directly controlled by THE METHODIST HOSPITALS INC

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423109349302477

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