Methodist Hospital Plainview Texas EIN 75-2426010 Form 990 (PDF) Claim this org

Methodist Hospital Plainview Texas

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Provides high-quality, compassionate healthcare and advocacy services to all individuals, with a special focus on serving poor, vulnerable, and underinsured populations. For fiscal year 2024 it reported $75.3M in revenue, $78.4M in expenses, and $64.4M in net assets.Pt I

Founded
1998
Type
Hospital · Hospitals
Location
Plainview, TX
Website
www.covenanthealth.org/plainview
Filings
5 on file (2020–2024)
Revenue
$75.3MFY2024
Expenses
$78.4M
Net assets
$64.4M
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  75-2426010 Hospital Plainview, TX Founded 1998
Form 990 (PDF)
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Figures match the IRS filing checked 7/7/26 · see original: IRS
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Size
$10–100M
What they do
Provides high-quality, compassionate healthcare and advocacy services to all individuals, with a special focus on serving poor, vulnerable, and underinsured populations.
Leadership
Leslie Hackett · Chief Nursing Officer · $244K
Money in and out
$75.3M revenue, $78.4M expenses
Bottom line
-4% operating surplus
Financial scale & money flow · FY2024
Total revenue
$75.3M
Pt VIII · Ln 12
Total expenses
$78.4M
Pt IX · Ln 25
Net assets
$64.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3.1M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Operating surplus
-4%
revenue over expenses, this legal entity▲ +80% vs prior filing year
Payroll share
39%
of this entity's spending is salaries & benefits▲ +33% vs prior filing year
Program spending
90%
of expenses reach program services+0.3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$75.3M
FY2024▲ +14%
Expenses
$78.4M
FY2024▼ -1%
Total assets
$86.6M
FY2024▼ -10%
Total liabilities
$22.2M
FY2024▼ -25%
Total revenue
$75.3M
Pt VIII · Ln 12
Total expenses
$78.4M
Pt IX · Ln 25
Net assets
$64.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3.1M
Total assetsPt X · Ln 16$86.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $70.7M of program spending, described in the organization's own filed words · FY2024.
01

See schedule O.AT providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all.

$70.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMethodist Hospital Plainview Texas
EINHdr · item D75-2426010
Principal addressHdr · item CPlainview, TX
Year of formationHdr · item L1998
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22Z)
Ruling yearIRS BMFNov 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Nursing Officer
$243,716Pt VII · Sec A
Nurse Practitioner
$239,940Pt VII · Sec A
Board Member/CEO
$235,016Pt VII · Sec A
Nurse Practitioner
$229,910Pt VII · Sec A
Nurse Practitioner
$221,198Pt VII · Sec A
Nurse Practitioner
$208,588Pt VII · Sec A
Board Member - Thru 10/24
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Leslie Hackett’s $244K as Chief Nursing Officer is at the 32nd percentile of top reported officer pay among 2900 $10–100M 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
Cassie Mogg$235,016$251,455$255,769$230,458$75,752
Bob Copeland$248,183
Leslie Hackett$243,716$207,839$204,871$194,445$163,502
Jessica Elkins$239,940$181,173
Julia Ontiveros$229,910$218,692
Carl Scales$221,198$187,495$176,959
Robin Stanfield$208,588$207,217$209,972$176,710$116,960
Krisann Schulz$194,656

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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Statement of Revenue

Part VIII
Program service revenue$71.2M · 95%
Contributions & grants$3.7M · 5%
Other revenue$414K · 1%
Program service revenue95%$71.2M
Contributions & grants5%$3.7M
Other revenue1%$414K
Investment income$53K
— government grantsLn 1e$245K
Total revenueLn 12$75.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$70.7M
Management & general10%$7.7M
Total functional expensesLn 25$78.4M

Balance Sheet

Part X · end of year
CashLn 1$33.0M
Total assetsLn 16$86.6M
Total liabilitiesLn 26$22.2M
Total net assetsLn 32$64.4M
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $33.0M · Operating expenses/yr $78.4M
5.1 months
Where the money goes
Program services
Program services $70.7M · Total expenses $78.4M
90%
Management & General
Management & general $7.7M · Total expenses $78.4M
10%
Fundraising
Fundraising $0 · Total expenses $78.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.6M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.7M · Total revenue $75.3M
5%
Government reliance
Government grants $245K · Total revenue $75.3M
0.3%
Earned-income share
Program service revenue $71.2M · Total revenue $75.3M
95%
Investment reliance
Investment income $53K · Total revenue $75.3M
+0.07%
Program self-sufficiency
Program service revenue $71.2M · Total expenses $78.4M
91%
Growth & trend
Revenue growth (YoY)
This year $75.3M · Prior year $65.9M
+14%
Revenue CAGR
FY2020 $50.8M · FY2024 $75.3M
+10%
Net-asset trend (YoY)
End of year $64.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $75.3M · Expenses $78.4M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $86.6M
Net-asset ratio
Net assets $64.4M · Total assets $86.6M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $86.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leslie Hackett · Reported title CHIEF NURSING OFFICER · Highest reported compensation $244K · Total expenses $78.4M
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30.7M · Total expenses $78.4M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$3.4M

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$75.3M revenue · viewing · ⤓ 990 PDF
FY2023$65.9M revenue · ⤓ 990 PDF
FY2022$67.9M revenue · ⤓ 990 PDF
FY2021$63.4M revenue · ⤓ 990 PDF
FY2020$50.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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