The Methodist Hospitals INC

Tax-deductible

Gary, IN501(c)(3)Since 1941HospitalsEIN 35-0868133Revenue $493.4M in FY2024

On file with the IRSmethodisthospitals.org600 Richard Gordon Hatcher Blvd, 46402-6001 · Gary, INTax-exempt since Sep 1942Hospital or medical research org — 170(b)(1)(A)(iii)

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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, 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.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 32 volunteers and 2,788 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7.4M a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7.1M
to officers and key staff · 1% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$146.8M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$493.4M
+4% vs prior year
Spent
$531.1M
To programs
89%
Net assets
$218.0M
By yearFY2020–FY2024
Revenue
$493.4M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$409.9M
FY2021$429.9M
FY2022$449.0M
FY2023$472.2M
FY2024$493.4M
Expenses
$531.1M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$396.8M
FY2021$418.9M
FY2022$459.4M
FY2023$485.4M
FY2024$531.1M
Net assets
$218.0M
FY2024▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$255.3M
FY2021$278.4M
FY2022$256.0M
FY2023$252.4M
FY2024$218.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $472.4M Management & general 11% · $58.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $7.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,041,144Pt VII · Sec A
Physician
$939,193Pt VII · Sec A
$920,641Pt VII · Sec A
Physician
$752,473Pt VII · Sec A
Physician
$703,659Pt VII · Sec A
President, Chief Executive Officer
$635,143Pt VII · Sec A
Senior Vice President, Chief Medical Officer
$458,177Pt VII · Sec A
Chief Financial Officer
$336,833Pt VII · Sec A

Siddharth Kakodkar’s $1.0M as Physician is at the 55th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Siddharth Kakodkar$1,041,144————
Andre Artis$939,193—$839,009——
Mihas M Kodenchery$920,641$785,254—$867,620—
Andre K Artis—$800,423—$904,392—
Raymond Grady———$328,838$886,386
Mihas Kodenchery——$851,679——
Harish a Shah$752,473$635,165$719,833$836,617—
Andre Artis MD————$817,960

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates hospitals providing comprehensive medical care and health education to all.

Questions for The Methodist Hospitals INC

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Provided by the organization

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1 program · $472.4M · in their own filed words · FY2024
01

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.

$472.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 10 grants · $210K · 2020–2024
The Gary Literacy CoalitionIN · FY2024$5,733
The Gary Literacy CoalitionIN · FY2022$6,041
The Gary Literacy CoalitionIN · FY2021$9,355
The Gary Literacy CoalitionIN · FY2020$23,374

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$493.4M
Ln 12
Fees for servicesLn 2g$478.4M
Investment incomeLn 3$13.0M
Gifts and grantsLn 1h$1.7M
Money outPt IX
$531.1M
Ln 25
Programscol B$472.4M
Managementcol C$58.7M
Owns and owesPt X
$218.0M
net assets · Ln 32
Cash and savingsLn 1–2$25.2M
Total assetsLn 16$364.8M
LiabilitiesLn 26$146.8M
PeoplePt VI, VII
26
listed · VII A
PaidVII A24
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$478.4M
Investment incomeLn 3$13.0M
Other incomeLn 4–11$206K
Gains on assetsLn 7$6.5M
Total revenueLn 12$493.4M
Assets in detailPt X, end of year
CashLn 1$13.4M
SavingsLn 2$11.9M
Cash and savings togetherLn 1–2$25.2M
InvestmentsLn 11–13$111.7M
Land, buildings, equipmentLn 10c$131.3M
Other assetsLn 15$15.3M
Total assetsLn 16$364.8M
LiabilitiesLn 26$146.8M
Net assetsLn 32$218.0M
OperationsPt I, VI
EmployeesI 52,788
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$17.5M$25.2M
InvestmentsLn 11–13$111.0M$111.7M
Land, buildings, equipmentLn 10c$139.8M$131.3M
Total assetsLn 16$381.8M$364.8M
LiabilitiesLn 26$129.4M$146.8M
Net assetsLn 32$252.4M$218.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$72K$72K
Pay of current officers, directors and key staffLn 5$3.4M$2.2M$1.2M
Other salaries and wagesLn 7$178.7M$153.2M$25.5M
Pension plan contributionsLn 8$10.5M$9.2M$1.3M
Other employee benefitsLn 9$25.5M$22.0M$3.5M
Payroll taxesLn 10$12.6M$10.7M$2.0M
Management feesLn 11a$2.0M$1.5M$550K
Legal feesLn 11b$1.0M$894K$147K
Accounting feesLn 11c$174K$174K
Investment management feesLn 11f$151K$151K
Other fees for servicesLn 11g$77.1M$69.0M$8.0M$0
Advertising and promotionLn 12$1.5M$1.3M$155K
Office expensesLn 13$128.3M$121.0M$7.3M
Information technologyLn 14$9.5M$8.1M$1.4M
OccupancyLn 16$11.0M$7.2M$3.8M
TravelLn 17$232K$207K$24K
Conferences, conventions and meetingsLn 19$50K$45K$4K
InterestLn 20$3.8M$3.3M$476K
Depreciation, depletion and amortizationLn 22$17.2M$15.3M$1.9M
InsuranceLn 23$4.3M$3.9M$413K
Other expenses (24a–d)Ln 24$44.1M$43.3M$761K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$531.1M$472.4M$58.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $493.4M$531.1M−$37.7M$218.0M 990 PDF
FY2023 $472.2M$485.4M−$13.2M$252.4M 990 PDF
FY2022 $449.0M$459.4M−$10.4M$256.0M 990 PDF
FY2021 $429.9M$418.9M$11.1M$278.4M 990 PDF
FY2020 $409.9M$396.8M$13.1M$255.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $493,388,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $947,964$1,707,380
I-9 Program service revenuePrior year $464,966,672$478,440,730
I-10 Investment incomePrior year $6,736,013$13,034,515
I-11 Other revenuePrior year −$411,115$205,586
I-12 Total revenuePrior year $472,239,534$493,388,211
I-13 Grants and similar amounts paidPrior year $30,000$71,627
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $202,813,679$230,724,331
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $282,546,138$300,337,646
I-18 Total expensesPrior year $485,389,817$531,133,604
I-19 Revenue less expensesPrior year −$13,150,283−$37,745,393
Part VI · Governance 12 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $493,388,211 across 9 lines filed
VIII-1d Related organizations$558,438
VIII-1f All other contributions, gifts and grants$1,148,942
VIII-1h Total contributions, gifts and grants$1,707,380
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,440,730$478,440,730
VIII-3 Investment incomeExcluded from tax $6,490,361$6,490,361
VIII-6 Net rental income or lossExcluded from tax $205,586$205,586
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,544,154$6,544,154
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $478,440,730 · Unrelated business $0 · Excluded from tax $13,240,101$493,388,211
Part IX · Statement of functional expenses $531,133,604 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $71,627$71,627
IX-5 Pay of current officers, directors and key staffPrograms $2,210,343 · Management $1,181,758$3,392,101
IX-7 Other salaries and wagesPrograms $153,195,546 · Management $25,459,766$178,655,312
IX-8 Pension plan contributionsPrograms $9,212,984 · Management $1,320,504$10,533,488
IX-9 Other employee benefitsPrograms $22,015,615 · Management $3,483,653$25,499,268
IX-10 Payroll taxesPrograms $10,653,213 · Management $1,990,949$12,644,162
IX-11a Management feesPrograms $1,496,958 · Management $549,509$2,046,467
IX-11b Legal feesPrograms $894,143 · Management $147,061$1,041,204
IX-11c Accounting feesManagement $174,000$174,000
IX-11f Investment management feesManagement $150,708$150,708
IX-11g Other fees for servicesPrograms $69,043,088 · Management $8,026,862 · Fundraising $0$77,069,950
IX-12 Advertising and promotionPrograms $1,300,607 · Management $154,775$1,455,382
IX-13 Office expensesPrograms $120,969,469 · Management $7,291,066$128,260,535
IX-14 Information technologyPrograms $8,103,657 · Management $1,385,805$9,489,462
IX-16 OccupancyPrograms $7,193,729 · Management $3,828,978$11,022,707
IX-17 TravelPrograms $207,443 · Management $24,076$231,519
IX-19 Conferences, conventions and meetingsPrograms $45,462 · Management $4,358$49,820
IX-20 InterestPrograms $3,300,104 · Management $476,245$3,776,349
IX-22 Depreciation, depletion and amortizationPrograms $15,349,052 · Management $1,874,688$17,223,740
IX-23 InsurancePrograms $3,852,822 · Management $412,721$4,265,543
IX-24 Other expenses (24a–d)Programs $43,319,323 · Management $760,937$44,080,260
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $472,435,185 · Management $58,698,419 · Fundraising $0$531,133,604
Part X · Balance sheet $364,813,281 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $9,591,890$13,369,344
X-2 Savings and temporary cash investmentsStart of year $7,939,104$11,863,073
X-4 Accounts receivableStart of year $64,281,310$57,865,293
X-8 Inventories for sale or useStart of year $18,353,466$16,074,292
X-9 Prepaid expenses and deferred chargesStart of year $6,777,079$7,319,269
X-10c Land, buildings and equipment, netStart of year $139,808,153$131,344,288
X-11 Publicly traded securitiesStart of year $110,970,676$111,663,836
X-15 Other assetsStart of year $24,108,751$15,313,886
X-16 Total assetsStart of year $381,830,429$364,813,281
X-17 Accounts payable and accrued expensesStart of year $50,318,982$45,939,575
X-20 Tax-exempt bond liabilitiesStart of year $63,808,611$67,296,542
X-25 Other liabilitiesStart of year $15,301,390$33,607,127
X-26 Total liabilitiesStart of year $129,428,983$146,843,244
X-27 Net assets without donor restrictionsStart of year $251,051,454$216,461,003
X-28 Net assets with donor restrictionsStart of year $1,349,992$1,509,034
X-32 Total net assets or fund balancesStart of year $252,401,446$217,970,037
X-33 Total liabilities and net assetsStart of year $381,830,429$364,813,281
Part XI · Reconciliation of net assets $217,970,037 net assets at year end
XI-1 Total revenue$493,388,211
XI-2 Total expenses$531,133,604
XI-3 Revenue less expenses−$37,745,393
XI-4 Net assets at start of year$252,401,446
XI-5 Net unrealized gains (losses) on investments−$980,971
XI-9 Other changes in net assets$4,294,955
XI-10 Net assets at end of year$217,970,037

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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