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← METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL

Form 990 for tax year 2022

Filed by METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL.

Totals

Total revenue
$92,240,588
Total expenses
$103,997,833
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$91,822,691
Investment income
$0
Other revenue
$417,897
Total assets, end of year
$89,388,287
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$89,388,287
Program services expenses (Part IX)
$96,665,144
Management and general expenses
$7,332,689
Fundraising expenses
$0
Program service expenses (Part III)
$96,665,144

Program services were 92.9% 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.

  • 2a · Program service revenue: Net Patient Revenue

    total $91,282,625 · related or exempt $91,282,625

  • 2b · Program service revenue: 340B Revenue

    total $540,066 · related or exempt $540,066

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $5,136

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $5,136 · personal property $0

  • 6d · Net rental income or loss

    total $5,136 · excluded $5,136

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $412,761 · related or exempt $0 · excluded $412,761

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $412,761

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $494,709 · program services $494,709 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $36,539,451 · program services $34,259,894 · management and general $2,279,557

  • 8 · Pension plan contributions

    total $1,170,817 · program services $1,098,750 · management and general $72,067

  • 9 · Other employee benefits

    total $3,173,121 · program services $2,977,806 · management and general $195,315

  • 10 · Payroll taxes

    total $2,226,110 · program services $2,089,087 · management and general $137,023

  • 11g · Fees: other

    total $16,389,850 · program services $14,543,658 · management and general $1,846,192 · fundraising $0

  • 12 · Advertising and promotion

    total $19,380 · program services $14,008 · management and general $5,372

  • 13 · Office expenses

    total $3,936,678 · program services $1,840,424 · management and general $2,096,254

  • 14 · Information technology

    total $108,787 · program services $43,411 · management and general $65,376

  • 16 · Occupancy

    total $829,395 · program services $855,355 · management and general -$25,960

  • 17 · Travel

    total $8,630 · program services $3,635 · management and general $4,995

  • 19 · Conferences, conventions and meetings

    total $86,604 · program services $52,334 · management and general $34,270

  • 20 · Interest

    total $8,460 · program services $8,460

  • 22 · Depreciation, depletion and amortization

    total $6,973,490 · program services $6,973,490

  • 23 · Insurance

    total $622,228 · management and general $622,228

  • 24a · Other expenses: Bad Debt Expense

    total $15,864,158 · program services $15,864,158

  • 24b · Other expenses: Medical Supplies

    total $9,696,897 · program services $9,696,897

  • 24c · Other expenses: Overhead & Administrative

    total $5,521,368 · program services $5,521,368

  • 24d · Other expenses: Food

    total $327,684 · program services $327,684

  • 24e · All other expenses

    total $16 · program services $16 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$449,827 · end of year -$332,241

  • 4 · Accounts receivable

    beginning of year $7,348,144 · end of year $8,487,696

  • 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 $1,206,553 · end of year $1,332,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $190,587 · end of year $150,016

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

    $133,054,324

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

    $60,081,518

  • 10c · Land, buildings and equipment, net

    beginning of year $73,622,057 · end of year $72,972,806

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $4,791,048 · end of year $4,791,048

  • 15 · Other assets

    beginning of year $2,413,985 · end of year $1,985,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,845,361

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $85,277,186 · end of year $89,388,287

Mission and programs · 2022

Mission

METHODIST LE BONHEUR HEALTHCARE, IN PARTNERSHIP WITH ITS MEDICAL STAFFS, WILL COLLABORATE WITH PATIENT AND THEIR FAMILIES TO BE THE LEADER IN PROVIDING HIGH QUALITY, COST-EFFECTIVE PATIENT-AND FAMILY-CENTERED CARE. SERVICES WILL BE PROVIDED IN A MANNER WHICH SUPPORTS THE HEALTH MINISTRIES AND SOCIAL PRINCIPLES OF THE UNITED METHODIST CHURCH TO BENEFIT THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

100 BED HOSPITAL PROVIDING HEALTHCARE SERVICES TO DESOTO COUNTY AND THE SURROUNDING AREAS

  • METHODIST HEALTHCARE-OLIVE BRANCH HOSPITAL (OBH) IS THE NEWEST HOSPITAL IN THE METHODIST LE BONHEUR HEALTHCARE SYSTEM, DESIGNED TO CARE FOR THE COMMUNITY OF THE NORTH MISSISSIPPI. THE FIVE-STORY, 100-BED HOSPITAL OPENED IN 2013 AND FEATURES AN INNOVATIVE, ENVIRONMENTALLY FRIENDLY DESIGN. SERVICES OFFERED AT OBH INCLUDE: -24-HOUR EMERGENCY ROOM -CARDIOLOGY -ENT -GASTROENTEROLOGY -FULL SERVICE ACUTE CARE -NEPHROLOGY -NEUROLOGY -OBSTETRICS AND MATERNITY -ONCOLOGY -MAMMOGRAPHY -OUTPATIENT NUTRITION THERAPY -RADIOLOGY, INCLUDING MRI, CT, NUCLEAR MEDICINE, AND ULTRASOUND -REHABILITATION SERVICES: PHYSICAL, SPEECH, AND OCCUPATIONAL -THERAPY -SURGICAL SERVICES: GENERAL, SAME DAY, MINIMALLY INVASIVE -UROLOGY

    Expenses $96,665,144 · Revenue $91,822,691

As filed on the 2022 return.

Listed in Part VII

  • David Baytos

    PRESIDENT/CEO

    Total calculated
    $636,044
    From this org
    $0
    From related orgs
    $612,533
    Other
    $23,511
    Hours/week
    46 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,469 related
    Bonus
    $0 + $159,666 related
    Other
    $0 + $90,398 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $14,361 related
    Filer's total
    $0 + $636,044 related

  • Merle Flowers

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Samuel P Rikard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jamie Steen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lee Smart

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Bellipanni

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Patt Dorr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rev Keith Mason

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tim Donovan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Annelise Jensen

    VP/CNO

    Total calculated
    $283,284
    From this org
    $252,743
    From related orgs
    $0
    Other
    $30,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,880
    Bonus
    $38,462
    Other
    $17,401
    Deferred
    $23,794
    Nontaxable benefits
    $6,747
    Filer's total
    $283,284

  • Kris Sanders

    TREASUER

    Total calculated
    $285,454
    From this org
    $241,966
    From related orgs
    $0
    Other
    $43,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,523
    Bonus
    $38,147
    Other
    $11,296
    Deferred
    $24,292
    Nontaxable benefits
    $19,196
    Filer's total
    $285,454

  • Allison Meredith

    Patient Care Coordinator

    Total calculated
    $264,240
    From this org
    $228,727
    From related orgs
    $0
    Other
    $35,513
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,741
    Bonus
    $412
    Other
    $574
    Deferred
    $13,573
    Nontaxable benefits
    $21,940
    Filer's total
    $264,240

  • Jennifer Weaver

    PHARMACIST

    Total calculated
    $217,233
    From this org
    $182,050
    From related orgs
    $0
    Other
    $35,183
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,803
    Bonus
    $13,429
    Other
    $1,818
    Deferred
    $10,468
    Nontaxable benefits
    $24,715
    Filer's total
    $217,233

  • Margaret Wallace

    PHARMACIST

    Total calculated
    $119,232
    From this org
    $106,226
    From related orgs
    $0
    Other
    $13,006
    Hours/week
    40

  • Musa Ceesay

    Clinical Pharmacist

    Total calculated
    $184,326
    From this org
    $168,425
    From related orgs
    $0
    Other
    $15,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,455
    Bonus
    $0
    Other
    $970
    Deferred
    $8,154
    Nontaxable benefits
    $7,747
    Filer's total
    $184,326

  • Regina Stevens

    Patient Care Coord/Fixed

    Total calculated
    $281,358
    From this org
    $255,262
    From related orgs
    $0
    Other
    $26,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,281
    Bonus
    $412
    Other
    $569
    Deferred
    $14,850
    Nontaxable benefits
    $11,246
    Filer's total
    $281,358

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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE BOARD OF METHODIST LE BONHEUR HEALTHCARE, A RELATED ORGANIZATION AND CORPORATE OVERSIGHT ENTITY, CONDUCTS THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION STUDY / SURVEY - APPROVAL BY THE BOARD / COMPENSATION COMMITTEE
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 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: $12,375 - Kris Sander $11,897 - Annelise Jensen IN ADDITION, 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 PLAN FOR THE YEAR INCLUDE THE FOLLOWING: $15,757 - Annelise Jensen IN ADDITION, THE FOLLOWING INDIVIDUALS RECEIVED AN EXECUTIVE RETIREMENT LUMP SUM PAYOUT. ONCE AN EXECUTIVE REACHES THE AGE OF 64 THEN THEY ARE NO LONGER ELIGIBLE TO PARTICIPATE IN THE 457(F) PLAN. A LUMP SUM IS PAID ANNUALLY ON THE LAST PAY PERIOD OF THE YEAR, EQUIVALENT TO THE CONTRIBUTION THAT WOULD HAVE BEEN MADE TO THE 457(F) PLAN. 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: $47,757 - David Baytos

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

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.

  • METHODIST SURGERY CENTER-GERMANTOWN LP -

    N/A · SURGERY CENTER · TN

    Directly controlled by NA

  • HAMILTON EYE INSTITUTE SURGERY CENTER LP

    N/A · SURGERY CENTER · TX

    Directly controlled by NA

  • LE BONHEUR EAST SURGERY CENTER II LP

    N/A · SURGERY CENTER · TN

    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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349310789

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