Overview
What is Methodist Le Bonheur Healthcare Inc?
Methodist Le Bonheur Healthcare Inc, based in Memphis, Tennessee, is a leading nonprofit healthcare organization committed to serving the community through its five hospitals: Methodist University Hospital, Methodist North Hospital, Methodist South Hospital, Methodist Le Bonheur Germantown Hospital, and Le Bonheur Children's Hospital. With a focus on cardiology, cancer, neurosciences, transplant, and pediatrics, MLH operates top-tier facilities providing comprehensive care. Their facilities, which include a tertiary care and referral center, community hospitals, and a children's hospital, serve all areas of Memphis and the surrounding region. In 2022, MLH contributed over $300 million to Memphis and the Mid-South through various efforts, including charity care, medical education, and community health improvement services. Employing over 10,600 associates and having a medical staff of over 2,400 providers, MLH is the second-largest private employer in Shelby County. Their hospitals have received regional and national recognition, making Methodist Le Bonheur Healthcare a significant economic driver and a vital resource for the community.
Official website here: www.methodisthealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%)
Methodist Le Bonheur Healthcare Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization demonstrates strong governance with 90% of its board members being independent and has a solid oversight committee that received full points for audit and financial management practices. Their policies for conflict of interest and whistleblowing are also well-documented, reflecting a commitment to transparency and ethical governance.
Despite these strengths, significant weaknesses in financial performance are noted, particularly with a program expense ratio of only 11%. This suggests that a minimal portion of their total expenses is directed towards programmatic activities, raising concerns about their operational effectiveness and impact. Additionally, the liabilities to assets ratio is concerning at 44.25%, which may indicate financial instability or potential challenges in meeting obligations.
Overall, while Methodist Le Bonheur Healthcare Inc has established strong governance practices, the low program expense ratio and relatively high liabilities suggest that improvements are necessary to enhance their financial health and maximize the impact of their services.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Le Bonheur Healthcare Inc legitimate?
Methodist Le Bonheur Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Le Bonheur Healthcare Inc 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: $13,330,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,764,990
For more financial information, click here
Official website here: www.methodisthealth.org
What is the mission statement of Methodist Le Bonheur Healthcare Inc?
Methodist Le Bonheur Healthcare Inc is committed to collaborating with patients and their families to provide high-quality, cost-effective healthcare. As a leading healthcare provider, it strives to fulfill its social responsibility by giving back to the community. With a focus on cardiology, cancer, neurosciences, transplant, and pediatrics, the organization operates several hospitals that cater to various needs. These hospitals offer comprehensive services, including maternity centers, cancer centers, critical care units, and emergency services. Methodist Healthcare is dedicated to improving the health and well-being of the communities it serves, providing uncompensated care, charitable contributions to community organizations, and community outreach. The organization employs healthcare professionals to address community needs and has received regional and national recognition for the care it provides.
Official website here: www.methodisthealth.org
Who is the CEO of Methodist Le Bonheur Healthcare Inc?
Unavailable The CEO's salary of Methodist Le Bonheur Healthcare Inc is $2,772,743 and their total compensation is $2,804,019.
Official website here: www.methodisthealth.org
What is the revenue of Methodist Le Bonheur Healthcare Inc?
Methodist Le Bonheur Healthcare Inc's revenue in 2022 was $315,179,126.
Official website here: www.methodisthealth.org
Who are the executives of Methodist Le Bonheur Healthcare Inc and what are their salaries?
The average compensation at Methodist Le Bonheur Healthcare Inc during 2022 was $67,895. There are 1489 employees and 300 volunteers at Methodist Le Bonheur Healthcare Inc.
Here are 39 key members and their salaries (Methodist Le Bonheur Healthcare Inc's CEO's salary is $2,772,743 and their total compensation is $2,804,019):
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- Compensation: $2,772,743
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- Other: $31,276
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- Compensation: $320,622
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- Compensation: $1,179,220
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- Other: $28,383
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- Other: $31,212
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- Other: $62,646
Official website here: www.methodisthealth.org
Where can I find the form 990 for Methodist Le Bonheur Healthcare Inc?
Methodist Le Bonheur Healthcare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.methodisthealth.org
Learn more at the official website: www.methodisthealth.org
Mission Statement of Methodist Le Bonheur Healthcare Inc
Methodist Le Bonheur Healthcare Inc, a faith-based institution, is deeply committed to collaborating with patients and their families to provide high-quality, cost-effective care. In partnership with its medical staffs, this organization takes its mission seriously and strives to give back to the community in a meaningful way. Methodist Le Bonheur Healthcare operates various hospitals across the city, each focusing on specific areas of healthcare, including cardiology, cancer, neurosciences, transplant, and pediatrics.
At the heart of the Memphis Medical Center lies Methodist University Hospital, the flagship of the Methodist Healthcare system. This tertiary care and referral center boasts one of the largest neurosciences programs in the country and a transplant program specializing in kidney, liver, and pancreas transplants. Another community hospital, Methodist North, serves the residents of North Memphis and surrounding areas, offering state-of-the-art cardiac services and expanded laser surgery capabilities. Methodist South Hospital caters to the citizens of South Memphis and surrounding areas, featuring a maternity center, a cancer center, a critical care unit, a same-day surgery unit, and a complete array of outpatient services. A comprehensive pediatric medical facility, Le Bonheur Children's Hospital, treats children from 47 states and many countries, hosting one of the nation's ten busiest pediatric emergency departments and large pediatric surgical brain tumor programs.
Methodist Le Bonheur Healthcare is dedicated to improving the health and well-being of the communities it serves. The organization provides uncompensated care, charitable contributions to other community organizations, and community outreach initiatives. Its team of 250 healthcare professionals addresses community needs in four major areas: access to services, risk reduction, child development, and effective parenting and chronic illness management. Programs include free or discounted prescription drugs, non-billed in-home services, transportation vouchers, childbirth classes, and a variety of health fairs. Methodist Le Bonheur Healthcare has received regional and national recognition for the care it provides, and its adult hospitals rank as a top hospital in the region by U.S. News & World Report.
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Impact
October, 2024
Methodist Le Bonheur Healthcare Inc significantly impacts the Memphis and Mid-South region through its extensive healthcare services and community engagement initiatives. It operates five major adult hospitals and the region's only comprehensive pediatric hospital, Le Bonheur, which is nationally recognized for its specialized care in various pediatric specialties.
The organization is the largest provider of TennCare services in Tennessee, ensuring access to healthcare for all community members, particularly underserved populations. In 2022 alone, MLH contributed over $300 million in community benefits, encompassing charity care, education, and health improvement services, reinforcing its commitment to health equity.
Methodist Le Bonheur Healthcare is a critical economic driver, contributing approximately $5 billion to the Memphis economy and employing over 10,600 individuals, making it the second-largest private employer in Shelby County. Its hospitals serve as primary teaching facilities for the University of Tennessee Health Science Center, training the next generation of healthcare providers.
With a focus on areas such as cardiology, cancer care, neurosciences, transplantation, and pediatrics, MLH is dedicated to providing high-quality, cost-effective care. Its cutting-edge facilities and programs address community needs in chronic illness management, child development, and preventive services, significantly enhancing the overall health and wellbeing of the region. Through ongoing partnerships with prestigious institutions like St. Jude Children's Research Hospital and the University of Memphis, Methodist Le Bonheur Healthcare continues to drive medical education and innovative research.
This information is meant to be a general summary of Methodist Le Bonheur Healthcare Inc. 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: $110,446,940
- Program Service Revenue: $199,314,766
- Gross Receipts: $315,179,126
Assets and Liabilities:
- Total Assets: $1,523,660,376
- Total Liabilities: $674,265,033
- Net Assets: $849,395,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFILIATE MANAGEMENT
Revenue
$192,292,512
METHODIST FEES
Revenue
$7,022,254
Organization Details
Founding Year
1982
Phone
(901) 516-0791Main Address
1211 UNION AVENUE 700, MEMPHIS, TN, 38104
Website
www.methodisthealth.orgNTEE Category
Code: E210 - Health
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