Methodist Hospital Group FY2023 filing

Tax-deductible

Houston, TX501(c)(3)EIN 35-2410801Revenue $3.9B in FY2023

On file with the IRShoustonmethodist.org6565 Fannin Gb240, 77030-2703 · Houston, TXTax-exempt since Sep 2010Hospital or medical research org — 170(b)(1)(A)(iii)

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$44.0M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
5 of 5
filings with a surplus
Average surplus $383.3M a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$44.0M
to officers and key staff · 1% of spending
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
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$830.2M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
63
of 100 voting members
Looks good: 63 of 100 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9B
+10% vs prior year
Spent
$3.5B
To programs
87%
Net assets
$6.0B
By yearFY2020–FY2024
Revenue
$3.9B
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5B
FY2021$3.2B
FY2022$3.6B
FY2023$3.9B
FY2024$4.4B
Expenses
$3.5B
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4B
FY2021$2.7B
FY2022$3.2B
FY2023$3.5B
FY2024$3.9B
Net assets
$6.0B
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7B
FY2021$4.6B
FY2022$5.3B
FY2023$6.0B
FY2024$6.9B

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.1B Management & general 13% · $461.2M

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

127 people listed on the 990; $44.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
See Schedule O
$6,164,141Pt VII · Sec A
$2,612,301Pt VII · Sec A
See Schedule O
$2,275,536Pt VII · Sec A
See Schedule O
$2,152,714Pt VII · Sec A
See Schedule O
$1,986,445Pt VII · Sec A
See Schedule O
$1,617,217Pt VII · Sec A
See Schedule O
$1,597,520Pt VII · Sec A
See Schedule O
$1,555,984Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Marc L Boom MD$7,251,200$6,164,141$4,017,895$3,911,494$3,673,075
Kevin J Burns$2,934,047$2,152,714$1,794,772$1,786,766$1,727,773
Roberta L Schwartz PHD$2,765,576$2,612,301$2,076,389$1,957,432$1,815,302
Ramon M Cantu$2,468,542$2,275,536$1,837,076$1,869,358$1,809,394
H Dirk Sostman MD$2,009,180$1,986,445$1,537,606$1,507,223$1,259,137
Chris Siebenaler$1,936,444$1,617,217$1,314,227$1,263,236$1,184,277
Robert a Phillips MD PHD—$1,464,422$1,669,391$1,696,661$1,623,555
Carole Hackett—$1,597,520$1,152,972$1,162,896$1,098,227

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

Methodist Hospital Group is a hospital based in Houston, TX.

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Provided by the organization

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1 program · $3.1B · in their own filed words · FY2023
01

See schedule o.

$3.1Bprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 107 grants · $9.7M · 2020–2024
Ut Health Science Center at Houston Harris County Psych CtrFY2024$1,168,880
Unitemized GrantFY2024$180,028
Unitemized GrantFY2024$39,842
Magnolia Education FoundationFY2024$19,000
See all 107 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9B
Ln 12
Fees for servicesLn 2g$3.7B
Other incomeLn 4–11$133.1M
Gifts and grantsLn 1h$68.4M
Money outPt IX
$3.5B
Ln 25
Programscol B$3.1B
Managementcol C$461.2M
Owns and owesPt X
$6.0B
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$6.9B
LiabilitiesLn 26$830.2M
PeoplePt VI, VII
127
listed · VII A
PaidVII A48
Voting boardVI 1a100
IndependentVI 1b63
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$68.4M
Government grantsLn 1e$49.7M
Fees for servicesLn 2g$3.7B
Investment incomeLn 3$393K
Other incomeLn 4–11$133.1M
Gains on assetsLn 7$393K
Total revenueLn 12$3.9B
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$2.88B
Other assetsLn 15$3.43B
Total assetsLn 16$6.9B
LiabilitiesLn 26$830.2M
Net assetsLn 32$6.0B
OperationsPt I, VI
EmployeesI 516,107
VolunteersI 6349
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 FY23End FY23
Cash and savingsLn 1–2$96K$102K
Land, buildings, equipmentLn 10c$2.69B$2.88B
Total assetsLn 16$6.06B$6.86B
LiabilitiesLn 26$758.7M$830.2M
Net assetsLn 32$5.30B$6.03B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Grants to domestic individualsLn 2$117K$117K
Pay of current officers, directors and key staffLn 5$16.8M$11.6M$5.3M
Pay of disqualified personsLn 6$152K$152K
Other salaries and wagesLn 7$1.19B$1.14B$44.2M
Pension plan contributionsLn 8$53.8M$52.1M$1.7M
Other employee benefitsLn 9$246.7M$236.7M$10.0M
Payroll taxesLn 10$87.3M$83.7M$3.6M
Accounting feesLn 11c$130K$130K
Other fees for servicesLn 11g$222.7M$196.2M$26.6M
Advertising and promotionLn 12$6.7M$394K$6.4M
Office expensesLn 13$34.8M$31.5M$3.3M
Information technologyLn 14$5.5M$5.1M$388K
OccupancyLn 16$46.6M$45.1M$1.5M
TravelLn 17$4.9M$4.4M$485K
Conferences, conventions and meetingsLn 19$3.8M$2.0M$1.8M
Payments to affiliatesLn 21$345.7M$345.7M
Depreciation, depletion and amortizationLn 22$196.9M$196.9M
InsuranceLn 23$1K$1K$28
Other expenses (24a–d)Ln 24$995.8M$995.8M
All other expensesLn 24e$79.8M$69.7M$10.1M
Total functional expensesLn 25$3.54B$3.08B$461.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.4B$3.9B$470.2M$6.9B 990 PDF
FY2023 Viewing $3.9B$3.5B$390.1M$6.0B 990 PDF
FY2022 $3.6B$3.2B$370.3M$5.3B 990 PDF
FY2021 $3.2B$2.7B$514.6M$4.6B 990 PDF
FY2020 $2.5B$2.4B$171.4M$3.7B 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 FY2023 990 (6 parts)
Part I · Summary $3,927,550,209 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,392,700$68,358,389
I-9 Program service revenuePrior year $3,337,514,585$3,725,671,794
I-10 Investment incomePrior year $421,795$392,569
I-11 Other revenuePrior year $176,135,455$133,127,457
I-12 Total revenuePrior year $3,572,464,535$3,927,550,209
I-13 Grants and similar amounts paidPrior year $1,337,909$2,048,464
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,381,932,587$1,591,892,171
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,818,862,882$1,943,476,632
I-18 Total expensesPrior year $3,202,133,378$3,537,417,267
I-19 Revenue less expensesPrior year $370,331,157$390,132,942
Part VI · Governance 63 of 100 board members independent, no flags
VI-1a Voting members of the governing body100
VI-1b Independent voting members63
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 $3,927,550,209 across 7 lines filed
VIII-1d Related organizations$18,699,509
VIII-1e Government grants$49,658,880
VIII-1h Total contributions, gifts and grants$68,358,389
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,725,671,794$3,725,671,794
VIII-7 Net gain or loss on sales of assetsExcluded from tax $392,569$392,569
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $133,127,457$133,127,457
VIII-12 Total revenueRelated to mission $3,858,799,251 · Unrelated business $0 · Excluded from tax $392,569$3,927,550,209
Part IX · Statement of functional expenses $3,537,417,267 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $1,931,610$1,931,610
IX-2 Grants to domestic individualsPrograms $116,854$116,854
IX-5 Pay of current officers, directors and key staffPrograms $11,587,075 · Management $5,257,442$16,844,517
IX-6 Pay of disqualified personsManagement $152,119$152,119
IX-7 Other salaries and wagesPrograms $1,142,983,148 · Management $44,173,104$1,187,156,252
IX-8 Pension plan contributionsPrograms $52,121,216 · Management $1,691,557$53,812,773
IX-9 Other employee benefitsPrograms $236,696,641 · Management $9,957,859$246,654,500
IX-10 Payroll taxesPrograms $83,720,385 · Management $3,551,625$87,272,010
IX-11c Accounting feesManagement $130,000$130,000
IX-11g Other fees for servicesPrograms $196,191,091 · Management $26,556,136$222,747,227
IX-12 Advertising and promotionPrograms $394,001 · Management $6,352,744$6,746,745
IX-13 Office expensesPrograms $31,504,452 · Management $3,344,419$34,848,871
IX-14 Information technologyPrograms $5,132,176 · Management $387,859$5,520,035
IX-16 OccupancyPrograms $45,077,695 · Management $1,516,522$46,594,217
IX-17 TravelPrograms $4,367,509 · Management $484,591$4,852,100
IX-19 Conferences, conventions and meetingsPrograms $2,019,623 · Management $1,771,007$3,790,630
IX-21 Payments to affiliatesManagement $345,708,311$345,708,311
IX-22 Depreciation, depletion and amortizationPrograms $196,903,792$196,903,792
IX-23 InsurancePrograms $1,206 · Management $28$1,234
IX-24 Other expenses (24a–d)Programs $995,810,075$995,810,075
IX-24e All other expensesPrograms $69,673,552 · Management $10,149,843$79,823,395
IX-25 Total functional expensesPrograms $3,076,232,101 · Management $461,185,166 · Fundraising $0$3,537,417,267
Part X · Balance sheet $6,862,627,843 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $96,359$101,526
X-4 Accounts receivableStart of year $420,137,236$448,447,621
X-8 Inventories for sale or useStart of year $50,586,149$49,498,997
X-9 Prepaid expenses and deferred chargesStart of year $5,784,420$6,381,756
X-10c Land, buildings and equipment, netStart of year $2,687,497,249$2,879,055,287
X-14 Intangible assetsStart of year $44,419,967$44,419,967
X-15 Other assetsStart of year $2,854,917,269$3,434,722,689
X-16 Total assetsStart of year $6,063,438,649$6,862,627,843
X-17 Accounts payable and accrued expensesStart of year $271,473,687$285,331,569
X-25 Other liabilitiesStart of year $487,246,756$544,891,455
X-26 Total liabilitiesStart of year $758,720,443$830,223,024
X-27 Net assets without donor restrictionsStart of year $5,304,718,206$6,032,404,819
X-32 Total net assets or fund balancesStart of year $5,304,718,206$6,032,404,819
X-33 Total liabilities and net assetsStart of year $6,063,438,649$6,862,627,843
Part XI · Reconciliation of net assets $6,032,404,819 net assets at year end
XI-1 Total revenue$3,927,550,209
XI-2 Total expenses$3,537,417,267
XI-3 Revenue less expenses$390,132,942
XI-4 Net assets at start of year$5,304,718,206
XI-9 Other changes in net assets$337,553,671
XI-10 Net assets at end of year$6,032,404,819

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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