Methodist Health INC

Tax-deductible

Henderson, KY501(c)(3)Since 1948HospitalsEIN 61-0461753Revenue $182.2M in FY2024

On file with the IRS1305 N Elm St, 42420-2783 · Henderson, KYTax-exempt since Feb 1956Hospital or medical research org — 170(b)(1)(A)(iii)

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Methodist Health provides quality healthcare services with a compassionate and caring spirit to persons, families and communities of the tri-state. At Methodist Health, our values are based on our commitment to quality. We define quality as the continuous improvement of services to meet the needs and exceed the expectations of the customers we serve. Our values are quality in everything we DO, respect for all people, efficiency and effectiveness in the use of resources, innovation toward continuous system improvement, partnership with those we serve and with suppliers, education for continuous growth and knowledge and pride in workmanship. To accomplish its mission, Methodist Health is committed to improving the quality of life for the people of the tri-state by demonstrating excellence in healthcare services, providing access to healthcare, providing charity care to those in need, promoting healthy lifestyles, offering spiritual and psychological support, supporting Health related

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 6 volunteers and 858 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
3 of 4
filings with a surplus
Average surplus $9.4M a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.4M
to officers and key staff · 3% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$21.6M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 6 voting members
Fine: 3 of 6 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$182.2M
+6% vs prior year
Spent
$164.9M
To programs
81%
Net assets
$116.7M
By yearFY2020–FY2024
Revenue
$182.2M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$114.0M
FY2022$131.8M
FY2023$134.8M
FY2024$171.1M
FY2024$182.2M
Expenses
$164.9M
FY2024▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$135.6M
FY2022$119.1M
FY2023$122.2M
FY2024$137.2M
FY2024$164.9M
Net assets
$116.7M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.2M
FY2022$50.1M
FY2023$63.2M
FY2024$98.5M
FY2024$116.7M

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

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1956.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $133.2M Management & general 19% · $31.7M

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

17 people listed on the 990; $4.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
$809,280Pt VII · Sec A
$691,813Pt VII · Sec A
$621,299Pt VII · Sec A
$555,621Pt VII · Sec A
$545,153Pt VII · Sec A
Associate CMO
$499,080Pt VII · Sec A
Former Director & CMO
$418,477Pt VII · Sec A
$148,260Pt VII · Sec A

Kristopher J Beickman MD’s $809K as Physician is at the 42nd 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

NameFY2024FY2024FY2023FY2022FY2020
Kelli Matthew MD$418,477$803,846$823,085$635,295—
Kristopher J Beickman MD$809,280————
Arshad Husain————$743,826
Sarah E O'Nan MD$691,813————
Sumalatha Satoor————$635,976
Kristopher Beickman MD—$633,121$526,092$510,603—
Sarah O'Nan—$630,142$473,188$401,593—
Pushkaraj N Jadhav MD$621,299————

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

Offers compassionate, high-quality healthcare for mental, spiritual, and physical needs.

Questions for Methodist Health INC

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Provided by the organization

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1 program · $133.2M · in their own filed words · FY2024
01

Methodist health, inc. Offers a broad range of inpatient and outpatient medical services including intensive care, obstetrical services, neonatology, emergency care, surgical services, ambulatory care, radiology services, laboratory services, therapy services, sleep disorders, dialysis, oncology, cardiac and pulmonary rehab, G.I.…

$133.2Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$300
Grants paid · 26 grants · $642K · 2019–2024
The City of HendersonFY2024$100,000
Henderson Community CollegeNY · FY2024$50,000
Daniel Pitino Shelter INCKY · FY2024$20,000
Audubon Kids Zone INCKY · FY2024$10,000
Henderson Community CollegeFY2023$50,000
Audubon Kids Zone INCKY · FY2023$12,000
Infinite Hope INCKY · FY2023$8,000
Henderson Community CollegeFY2022$50,000
See all 26 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$182.2M
Ln 12
Fees for servicesLn 2g$180.0M
Other incomeLn 4–11$1.4M
Investment incomeLn 3$777K
Money outPt IX
$164.9M
Ln 25
Programscol B$133.2M
Managementcol C$31.7M
Owns and owesPt X
$116.7M
net assets · Ln 32
Cash and savingsLn 1–2$11.8M
Total assetsLn 16$138.2M
LiabilitiesLn 26$21.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$180.0M
Investment incomeLn 3$777K
Other incomeLn 4–11$1.4M
Gains on assetsLn 7$224K
Total revenueLn 12$182.2M
Assets in detailPt X, end of year
CashLn 1$11.8M
Cash and savings togetherLn 1–2$11.8M
InvestmentsLn 11–13$19.2M
Land, buildings, equipmentLn 10c$59.8M
Other assetsLn 15$27.4M
Total assetsLn 16$138.2M
LiabilitiesLn 26$21.6M
Net assetsLn 32$116.7M
OperationsPt I, VI
EmployeesI 5858
VolunteersI 66
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$3.1M$11.8M
InvestmentsLn 11–13$17.5M$19.2M
Land, buildings, equipmentLn 10c$53.1M$59.8M
Total assetsLn 16$120.7M$138.2M
LiabilitiesLn 26$22.2M$21.6M
Net assetsLn 32$98.5M$116.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$267K$267K
Other salaries and wagesLn 7$48.9M$43.6M$5.3M
Pension plan contributionsLn 8$1.4M$1.2M$151K
Other employee benefitsLn 9$7.0M$6.2M$751K
Payroll taxesLn 10$3.5M$3.1M$379K
Legal feesLn 11b$511K$511K
Other fees for servicesLn 11g$28.9M$25.8M$3.1M
Advertising and promotionLn 12$44K$39K$5K
Office expensesLn 13$934K$833K$101K
Information technologyLn 14$184K$164K$20K
OccupancyLn 16$6.7M$6.0M$721K
TravelLn 17$37K$28K$9K
Conferences, conventions and meetingsLn 19$63K$47K$16K
InterestLn 20$346K$308K$37K
Depreciation, depletion and amortizationLn 22$4.1M$3.6M$440K
InsuranceLn 23$1.2M$1.1M$132K
Other expenses (24a–d)Ln 24$60.6M$40.5M$20.0M
All other expensesLn 24e$254K$227K$27K
Total functional expensesLn 25$164.9M$133.2M$31.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $171.1M$137.2M$33.9M$98.5M 990 PDF
FY2023 $134.8M$122.2M$12.6M$63.2M 990 PDF
FY2022 $131.8M$119.1M$12.7M$50.1M 990 PDF
FY2021 Not on file
FY2020 $114.0M$135.6M−$21.6M$20.2M 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 $182,153,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $167,904,677$179,992,227
I-10 Investment incomePrior year $1,270,999$777,137
I-11 Other revenuePrior year $1,882,992$1,384,550
I-12 Total revenuePrior year $171,058,668$182,153,914
I-13 Grants and similar amounts paidPrior year $270,811$267,167
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $52,892,367$60,806,150
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,041,087$103,808,720
I-18 Total expensesPrior year $137,204,265$164,882,037
I-19 Revenue less expensesPrior year $33,854,403$17,271,877
Part VI · Governance 3 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members3
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 $182,153,914 across 6 lines filed
Lines not itemized here account for $128,901 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $179,992,227$179,992,227
VIII-3 Investment incomeUnrelated business $10 · Excluded from tax $552,740$552,750
VIII-6 Net rental income or lossExcluded from tax $813,719$813,719
VIII-7 Net gain or loss on sales of assetsExcluded from tax $224,387$224,387
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $441,930$441,930
VIII-12 Total revenueRelated to mission $180,562,841 · Unrelated business $10 · Excluded from tax $1,591,063$182,153,914
Part IX · Statement of functional expenses $164,882,037 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $267,167$267,167
IX-7 Other salaries and wagesPrograms $43,646,419 · Management $5,269,111$48,915,530
IX-8 Pension plan contributionsPrograms $1,248,609 · Management $150,736$1,399,345
IX-9 Other employee benefitsPrograms $6,218,073 · Management $750,662$6,968,735
IX-10 Payroll taxesPrograms $3,143,096 · Management $379,444$3,522,540
IX-11b Legal feesManagement $511,207$511,207
IX-11g Other fees for servicesPrograms $25,756,930 · Management $3,109,444$28,866,374
IX-12 Advertising and promotionPrograms $38,870 · Management $4,692$43,562
IX-13 Office expensesPrograms $833,300 · Management $100,598$933,898
IX-14 Information technologyPrograms $164,105 · Management $19,811$183,916
IX-16 OccupancyPrograms $5,975,759 · Management $721,410$6,697,169
IX-17 TravelPrograms $28,058 · Management $9,353$37,411
IX-19 Conferences, conventions and meetingsPrograms $47,125 · Management $15,707$62,832
IX-20 InterestPrograms $308,317 · Management $37,221$345,538
IX-22 Depreciation, depletion and amortizationPrograms $3,648,170 · Management $440,417$4,088,587
IX-23 InsurancePrograms $1,090,182 · Management $131,610$1,221,792
IX-24 Other expenses (24a–d)Programs $40,518,775 · Management $20,043,397$60,562,172
IX-24e All other expensesPrograms $226,873 · Management $27,389$254,262
IX-25 Total functional expensesPrograms $133,159,828 · Management $31,722,209 · Fundraising $0$164,882,037
Part X · Balance sheet $138,233,837 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $3,057,194$11,836,336
X-4 Accounts receivableStart of year $15,386,177$17,401,785
X-8 Inventories for sale or useStart of year $1,682,866$1,979,815
X-9 Prepaid expenses and deferred chargesStart of year $608,136$615,130
X-10c Land, buildings and equipment, netStart of year $53,108,361$59,776,630
X-12 Other securitiesStart of year $17,546,377$19,197,389
X-15 Other assetsStart of year $29,339,834$27,426,752
X-16 Total assetsStart of year $120,728,945$138,233,837
X-17 Accounts payable and accrued expensesStart of year $12,570,560$12,179,282
X-25 Other liabilitiesStart of year $2,683,843$3,630,489
X-26 Total liabilitiesStart of year $22,223,108$21,558,428
X-27 Net assets without donor restrictionsStart of year $98,505,837$116,675,409
X-32 Total net assets or fund balancesStart of year $98,505,837$116,675,409
X-33 Total liabilities and net assetsStart of year $120,728,945$138,233,837
Part XI · Reconciliation of net assets $116,675,409 net assets at year end
XI-1 Total revenue$182,153,914
XI-2 Total expenses$164,882,037
XI-3 Revenue less expenses$17,271,877
XI-4 Net assets at start of year$98,505,837
XI-5 Net unrealized gains (losses) on investments$897,695
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$116,675,409

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

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