Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $110,730

• 2a · Program service revenue: AFFILIATE MANAGEMENT

  total $247,731,141 · related or exempt $247,731,141

• 2b · Program service revenue: METHODIST FEES

  total $6,015,445 · related or exempt $6,015,445

• 2f · All other program service revenue

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

• 3 · Investment income

  total $119,041,004 · unrelated business $73,457 · excluded $118,967,547

• 4 · Income from investment of tax-exempt bond proceeds

  total $507,451 · excluded $507,451

• 6a · Gross rents

  real property $232,789

• 6c · Rental income or loss

  real property $232,789 · personal property $0

• 6d · Net rental income or loss

  total $232,789 · excluded $232,789

• 7a · Gross sales of assets other than inventory

  other assets $60,719,803

• 7c · Gain or loss

  securities $0 · other assets $60,719,803

• 7d · Net gain or loss

  total $60,719,803 · excluded $60,719,803

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $4,742,453 · unrelated business $570,366 · excluded $4,172,087

• 11b · Other revenue: HEALTHSOUTH SERVICES

  total $680,927 · excluded $680,927

• 11d · All other revenue

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

• 11e · Other revenue, total

  $5,423,380

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $276,107 · program services $276,107

• 5 · Compensation of officers, directors and key employees

  total $8,227,029 · management and general $8,227,029

• 7 · Other salaries and wages

  total $116,857,237 · program services $29,957,799 · management and general $86,899,438

• 8 · Pension plan contributions

  total -$1,444,943 · program services -$346,065 · management and general -$1,098,878

• 9 · Other employee benefits

  total $15,098,283 · program services $3,604,294 · management and general $11,493,989

• 10 · Payroll taxes

  total $8,624,666 · program services $2,881,855 · management and general $5,742,811

• 11b · Fees: legal

  total $1,913,692 · management and general $1,913,692

• 11c · Fees: accounting

  total $28,827 · management and general $28,827

• 11d · Fees: lobbying

  total $244,600 · management and general $244,600

• 11g · Fees: other

  total $62,413,237 · program services $26,816,237 · management and general $35,597,000 · fundraising $0

• 12 · Advertising and promotion

  total $1,514,659 · management and general $1,514,659

• 13 · Office expenses

  total $32,084,893 · program services $22,522,070 · management and general $9,562,823

• 14 · Information technology

  total $56,150,117 · program services $29,547,651 · management and general $26,602,466

• 16 · Occupancy

  total $3,258,885 · program services $999,558 · management and general $2,259,327

• 17 · Travel

  total -$1,357,284 · program services -$1,732,052 · management and general $374,768

• 19 · Conferences, conventions and meetings

  total $5,162,905 · program services $4,747,485 · management and general $415,420

• 20 · Interest

  total -$3,037,252 · management and general -$3,037,252

• 22 · Depreciation, depletion and amortization

  total $12,352,014 · program services $401,083 · management and general $11,950,931

• 23 · Insurance

  total $2,127,379 · program services $36,782 · management and general $2,090,597

• 24a · Other expenses: Recruitment

  total $2,433,672 · management and general $2,433,672

• 24b · Other expenses: Medical Supplies

  total $380,161 · program services $380,161

• 24c · Other expenses: Miscellaneous Expenses

  total $164,007 · program services $38,744 · management and general $125,263

• 24d · Other expenses: Intercompany Exp. Transfer

  total -$42,702,319 · program services -$42,702,319

• 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

  end of year $927,646,520

• 4 · Accounts receivable

  beginning of year $25,900,329 · end of year $27,763,219

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $742,176 · end of year $596,780

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,932,918 · end of year $21,848,110

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

  $325,265,146

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

  $175,859,204

• 10c · Land, buildings and equipment, net

  beginning of year $102,749,662 · end of year $149,405,942

• 11 · Investments: publicly traded securities

  beginning of year $1,245,345,416 · end of year $639,234,057

• 12 · Investments: other securities

  beginning of year $116,000 · end of year $391,467,679

• 13 · Investments: program-related

  beginning of year $20,565,153

• 15 · Other assets

  beginning of year $53,747,530 · end of year $242,853,300

• 17 · Accounts payable and accrued expenses

  beginning of year $126,802,379 · end of year $69,531,382

• 19 · Deferred revenue

  end of year $14,058

• 20 · Tax-exempt bond liabilities

  beginning of year $446,529,226 · end of year $553,207,486

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $78,114,581 · end of year $873,157,295

• 27 · Net assets without donor restrictions

  beginning of year $820,652,998 · end of year $904,905,386

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

A HOUSING ALLOWANCE IS PROVIDED TO ONE CLERGYMAN FOR MINISTERIAL SERVICES PROVIDED TO PATIENTS AND THEIR FAMILIES. THIS AMOUNT IS INCLUDED IN BOX 14 OF THE EMPLOYEE'S W-2.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT: $198,349 - MICHAEL Crabb III $114,231 - Tina Smith $648,393 - Kathleen Forbes $32,950 - Donald Hutson

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE PURPOSE OF THE METHODIST LE BONHEUR HEALTHCARE CONSOLIDATED EXECUTIVE DEFERRED COMPENSATION PLAN IS TO PROVIDE RETIREMENT BENEFITS FOR CERTAIN EXECUTIVE LEVEL EMPLOYEES IN ADDITION TO THE BENEFITS PROVIDED THROUGH THE OTHER RETIREMENT PLANS THAT ARE SPONSORED BY THE COMPANY. IT IS INTENDED THAT THIS PLAN COMPLY WITH INTERNAL REVENUE CODE SECTION 457(F) AND QUALIFY FOR THE SHORT-TERM DEFERRAL EXCEPTION TO CODE SECTION 409A. UNDER THE PLAN, CORPORATE EXECUTIVES AT OR ABOVE THE VICE PRESIDENT LEVEL ARE ELIGIBLE TO RECEIVE EXECUTIVE DEFERRED COMPENSATION CREDITS DEPENDING ON THEIR POSITION CLASSIFICATION [6%, 8%, 10%, 12%, 15%, 25% OF BASE SALARY]. EACH PLAN YEAR, THE EXECUTIVE MUST ELECT A DEFERRED VESTING DATE TO BE APPLIED TO THE DEFERRED COMPENSATION CREDIT THAT WILL BE EARNED IN THAT PLAN YEAR. THE DEFERRED VESTING DATE IS SUBJECT TO A VESTING SCHEDULE THAT REQUIRES A MINIMUM DEFERRAL OF 5 YEARS TO BECOME VESTED. UPON REACHING AGE 55, THE MINIMUM DEFERRAL IS REDUCED TO 3 YRS. UPON REACHING AGE 60, THE MINIMUM DEFERRAL IS REDUCED TO 2 YRS. AT AGE 64, A CASH EQUIVALENT IS PROVIDED TO THE EXECUTIVE AND NO ADDITIONAL DEFERRALS ARE MADE UNDER THIS PLAN. RESTORATION BENEFIT PARTICIPANTS THAT WERE NEGATIVELY IMPACTED BY FREEZING THE RESTORATION PLAN WERE PROVIDED WITH AN ADDITIONAL ANNUAL EDCP CONTRIBUTION UNTIL AGE 65 DESIGNED TO KEEP THEM WHOLE. THE PLAN IS UNFUNDED WITH ALL BENEFITS PAID FROM THE COMPANY'S GENERAL ASSETS. HOWEVER, THE EXECUTIVE IS ALLOWED TO DIRECT THE INVESTMENTS OF HIS DEFERRED COMPENSATION CREDIT IN A MENU OF INVESTMENT ALTERNATIVES MADE AVAILABLE BY THE COMPANY. UPON VESTING, A DISTRIBUTION IS PROVIDED LESS THE APPLICABLE TAX. IN THE CASE OF A VOLUNTARY TERMINATION OF EMPLOYMENT BY THE EXECUTIVE OR INVOLUNTARY TERMINATION OF EMPLOYMENT FOR CAUSE BY THE COMPANY, THE NON-VESTED FUNDS ARE FORFEITED. ACCELERATED VESTING (100%) IS ALLOWED UPON DEATH, DISABILITY OR AN INVOLUNTARY TERMINATION BY THE COMPANY WITHOUT CAUSE. ALLOCATIONS TO THE 457(F) PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $18,805 - TABRINA DAVIS $115,958 - CHARLES LANE $150,282 - MONICA WHARTON $28,075 - ARTHUR TOWNSEND $50,174 - SARAH COLLEY $31,530 - LARRY FOGARTY $21,544 - Michael Crabb III $56,032 - Katherine Dowd $79,463 - Wayne Lipson $45,228 - Tina Smith ALLOCATIONS TO THE SERP PLAN FOR THE YEAR INCLUDE THE FOLLOWING: NO ALLOCATIONS DURING TAX YEAR THE FOLLOWING INDIVIDUALS RECEIVED 457(F) PAYOUTS. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEARS FORM 990 AS REQUIRED. PAYOUTS FROM THE 457(F) PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $433,525 - MICHAEL UGWUEKE $103,917 - CHARLES LANE $87,036 - MONICA WHARTON $53,744 - Robin Womeodu $17,739 - TABRINA DAVIS $25,204 - ARTHUR TOWNSEND $33,294 - LARRY FOGARTY $43,083 - Cato Johnson $44,537 - David Baytos $23,061 - Wayne Lipson $166,259 - Michael Crabb III $54,906 - Susan Thurmond IN ADDITION, SEVERAL EXECUTIVES RECEIVED AN EXECUTIVE RETIREMENT LUMP SUM PAYOUT. THIS AMOUNT REPRESENTS THE FULLY VESTED PORTION PURSUANT TO THE 457(F) PLAN. THIS AMOUNT WAS REFLECTED IN COLUMN (C) ON THE PRIOR YEAR'S FORM 990 AS REQUIRED. PAYOUTS FROM THE EXECUTIVE RETIREMENT PLAN FOR THE YEAR INCLUDE THE FOLLOWING: No Payments made during tax year. DURING THE REPORTING PERIOD, THE FOLLOWING INDIVIDUAL RECEIVED A DISTRIBUTION RELATING TO A SERP PLAN THAT IS NO LONGER OFFERED: NO PAYMENTS MADE DURING TAX YEAR.

Related partnerships

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

• METHODIST SURGERY CENTER GERMANTOWN LP

  N/A · SURGERY CENTER · TN

  Directly controlled by NA

• HAMILTON EYE INSTITUTE SURGERY CENTER LP

  N/A · SURGERY CENTER · TN

  Directly controlled by NA

• LE BONHEUR EAST SURGERY CENTER II LP

  N/A · SURGERY CENTER · TN

  Directly controlled by NA

• Medical Center Associates LTD

  N/A · Asset Management · TN

  Directly controlled by NA

• Encompass Health Methodist Rehabilitation Hospital LP

  N/A · Inpatient Rehabilitation Hospital · AL

  Directly controlled by NA

Related corporations and trusts

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

• AMBULATORY OPERATIONS INC

  C Corporation · MEDICAL AND MANAGEMENT SERVICES · TN

  Directly controlled by NA

• SOLUS MANAGEMENT SERVICES INC

  C Corporation · HEALTH SERVICES MANAGEMENT · TN

  Directly controlled by NA

• MEMPHIS PROFESSIONAL BUILDING INC

  C Corporation · INVESTMENTS · TN

  Directly controlled by NA