Overview
What is Methodist Hospital Group?
Methodist Hospital Group is a nonprofit organization headquartered in Houston, Texas. They operate a prominent academic medical center within the Texas Medical Center and manage six community hospitals across the Greater Houston area. By combining advanced medical research and comprehensive community care, Methodist Hospital Group aims to improve the health and wellbeing of individuals in Houston and its surrounding regions. Their mission is dedicated to delivering exceptional healthcare services and making a positive impact on the community.
Official website here: www.houstonmethodist.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Methodist Hospital Group has achieved a high level of accountability and financial health, as reflected in its 96% score from Charity Navigator. This score indicates strong performance in various areas, particularly in accountability and finance, with the charity receiving full points for its audit and oversight, conflict of interest policy, and whistleblower policy. The majority of the board members are independent, further enhancing its governance.
The organization demonstrates solid financial management with a program expense ratio of 87.30%, ensuring that a significant portion of funds directly supports its programs. Additionally, its liabilities to assets ratio of 12.51% suggests a stable financial position, indicating that the charity is not overly reliant on debt.
While the rating showcases Methodist Hospital Group's strengths in governance and financial practices, it is essential for potential donors and stakeholders to consider continuous improvement and transparency as part of their overall evaluation. The organization's strong commitment to maintaining effective oversight and ethical standards positions it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Hospital Group legitimate?
Methodist Hospital Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Hospital Group submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $14,123,131
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,030,504,078
For more financial information, click here
Official website here: www.houstonmethodist.org
What is the mission statement of Methodist Hospital Group?
Methodist Hospital Group operates a prominent academic medical center in the Texas Medical Center, spearheading advanced medicalcare in the region. The organization manages six community hospitals, catering to the health needs of the Greater Houston area. Its mission encompasses delivering exceptional medical services and fostering medical research and education. The hospitals under Methodist Hospital Group's umbrella provide comprehensive healthcare solutions, ensuring patients receive quality care. Through its commitment to innovation and growth, the organization continues to enhance the overall wellbeing of its community.
Official website here: www.houstonmethodist.org
Who is the CEO of Methodist Hospital Group?
Marc L Boom Md is the See Schedule O of Methodist Hospital Group.
Official website here: www.houstonmethodist.org
What is the revenue of Methodist Hospital Group?
Methodist Hospital Group's revenue in 2022 was $3,572,464,535.
Official website here: www.houstonmethodist.org
Who are the executives of Methodist Hospital Group and what are their salaries?
The average compensation at Methodist Hospital Group during 2022 was $60,625. There are 17231 employees and 492 volunteers at Methodist Hospital Group.
Here are 119 key members and their salaries:
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- Other: $54,892
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- Other: $36,761
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- Other: $109,310
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- Other: $140,451
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- Related: $442,341
- Other: $43,893
Official website here: www.houstonmethodist.org
Where can I find the form 990 for Methodist Hospital Group?
Methodist Hospital Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.houstonmethodist.org
Learn more at the official website: www.houstonmethodist.org
Mission Statement of Methodist Hospital Group
Methodist Hospital Group, a prominent organization, is dedicated to delivering high-quality healthcare services in the Greater Houston area. Comprising a leading academic medical center within the Texas Medical Center and six community hospitals, Methodist Hospital Group is at the forefront of medical advancements and community care.
In the heart of Houston, the academic medical center boasts a reputation for excellence in research and patient care. It serves as a beacon for those in need, attracting both local and international patients. The six community hospitals, dispersed throughout the Greater Houston area, provide essential healthcare services to a diverse population. Together, these institutions form Methodist Hospital Group, a cohesive network of medical facilities dedicated to enhancing the health and wellbeing of the community they serve.
Methodist Hospital Group's mission is multifaceted, encompassing both cutting-edge research and compassionate care. The organization's academic medical center is a hub for medical innovation, where healthcare professionals collaborate to find new treatments and improve patient outcomes. Meanwhile, the community hospitals prioritize personalized care, ensuring that each patient receives the attention and support they need to recover.
Methodist Hospital Group's commitment to excellence extends beyond its walls. The organization invests in community initiatives, collaborating with local organizations and stakeholders to address health disparities and improve overall community health. Through its various programs and partnerships, Methodist Hospital Group strives to make a positive difference in the lives of those it serves.
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Impact
October, 2024
Methodist Hospital Group significantly influences healthcare in the Greater Houston area through its extensive network, which includes a premier academic medical center located in the Texas Medical Center and six community hospitals. It plays a vital role in providing high-quality medical care, advancing medical education, and conducting innovative research.
The organization's commitment to holistic health services fosters improved access to cutting-edge treatments and specialized care for a diverse patient population. By prioritizing research and education, Methodist Hospital Group contributes to the development of new healthcare practices and enhances the overall quality of care delivered in the region. This impact extends not only to individual patients but also to the broader community, promoting health and wellness initiatives that aim to improve population health outcomes.
This information is meant to be a general summary of Methodist Hospital Group. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $421,795
- Program Service Revenue: $3,337,514,585
- Gross Receipts: $3,572,556,387
Assets and Liabilities:
- Total Assets: $6,063,438,649
- Total Liabilities: $758,720,443
- Net Assets: $5,304,718,206
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE SERVICES
Revenue
$3,227,669,275
GROSS RENTS
Revenue
$59,765,148
RELATED RESEARCH
Revenue
$22,351,162
MEDICARE SHARED SAVING
Revenue
$21,827,416
ACADEMIC SERVICES REVE
Revenue
$5,901,584
Organization Details
Phone
(832) 667-6160Principal Officer
Marc L Boom Md
Main Address
6565 FANNIN GB240, HOUSTON, TX, 770302703
Website
www.houstonmethodist.orgNTEE Category
Code: E03 - Health
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