Overview
What is The Methodist Hospital?
The Methodist Hospital, located in Houston, Texas, is a renowned nonprofit healthcare institution operating with 1,365 licensed beds in its facilities. With over 13,000 employees, it recorded approximately 569,000 visits in 2022, including 437,000 outpatient visits, 92,000 emergency room visits, and 40,000 inpatient admissions. The hospital offers a comprehensive range of medical services, including anesthesiology, cardiovascular surgery, dermatology, family medicine, internal medicine, cardiology, clinical immunology, and various others. It provides ambulatory surgery, a blood donor center, a rehabilitation center, and skilled nursing services, as well as preventive health care instruction. The hospital also operates a multi-organ transplant center, performing kidney, heart, lung, liver, pancreas, and bone marrow transplants. The Methodist Hospital's mission is to deliver high-quality, cost-effective healthcare, offering the best value to the community in a caring spiritual environment, associated with internationally recognized teaching and research.
Official website here: www.houstonmethodist.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Methodist Hospital has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This high score is entirely based on its exemplary performance in accountability and finance, indicating that the organization is transparent and well-managed. The fiscal practices are carefully audited, ensuring that funds are utilized effectively, with a program expense ratio of 86.69%, signifying that a substantial portion of its budget directly supports its mission.
Strengths highlighted in the evaluation include a predominantly independent board, which consists of 88% members who are independent, helping to ensure unbiased governance. The organization also demonstrates a comprehensive array of policies for conflict of interest, whistleblower protection, and document retention, showcasing their dedication to ethical practices. The absence of material diversion of assets further reinforces the integrity of their financial oversight.
While the report does not indicate any major shortcomings, it's important to note that the rating emphasizes financial aspects without providing insights into programmatic impact or community engagement. Therefore, while The Methodist Hospital displays strong accountability and financial practices, those interested in its overall effectiveness and reach may need to seek additional information beyond the financial metrics provided.
This AI summary has been generated from information found on Charity Navigator.
Is The Methodist Hospital legitimate?
The Methodist Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Methodist Hospital 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: $16,517,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $724,327,202
For more financial information, click here
Official website here: www.houstonmethodist.org
What is the mission statement of The Methodist Hospital?
The Methodist Hospital is dedicated to delivering top-notch, cost-effective healthcare in a caring environment. This internationally recognized institution provides a wide range of medical services, from anesthesiology and cardiovascular surgery to dermatology and urology. It caters to over 569,000 visits yearly, including outpatient, emergency room, and inpatient admissions. The hospital offers various patient services, such as ambulatory surgery, blood donor center, rehabilitation center, skilled nursing facility, and preventive health care instruction. Additionally, it operates a multiorgan transplant center, performing kidney, heart, lungs, liver, pancreas, and bone marrow transplants. Beyond medical care, The Methodist Hospital contributes to the community through health professional and patient education, donations to healthcare-related events, and medical research.
Official website here: www.houstonmethodist.org
Who is the CEO of The Methodist Hospital?
Marc L Boom Md is the Principal Officer of The Methodist Hospital.
Official website here: www.houstonmethodist.org
What is the revenue of The Methodist Hospital?
The Methodist Hospital's revenue in 2022 was $2,895,491,123.
Official website here: www.houstonmethodist.org
Who are the executives of The Methodist Hospital and what are their salaries?
The average compensation at The Methodist Hospital during 2022 was $54,841. There are 13509 employees and 1203 volunteers at The Methodist Hospital.
Here are 5 key members and their salaries:
- Compensation: $4,017,895
- Related: $0
- Other: $803,242
- Compensation: $93,500
- Related: $772,807
- Other: $38,150
- Compensation: $1,794,772
- Related: $0
- Other: $250,163
- Compensation: $8,336,987
- Related: $0
- Other: $1,220,607
- Compensation: $3,238,786
- Related: $15,212
- Other: $530,770
Official website here: www.houstonmethodist.org
Where can I find the form 990 for The Methodist Hospital?
The Methodist Hospital'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 The Methodist Hospital
The Methodist Hospital, a renowned institution, is dedicated to delivering high-quality, cost-effective healthcare in a spiritual environment of caring. With a mission to provide the best value to those it serves, the hospital offers a comprehensive range of medical services.
The Methodist Hospital prides itself on providing a broad spectrum of medical care, encompassing anesthesiology, cardiovascular surgery, dermatology, family medicine, general surgery, internal medicine, cardiology, clinical immunology, gastroenterology, general medicine, hematology, hypertension treatment, infectious diseases, medical genetics, metabolic and endocrine diseases, nuclear medicine, oncology, pharmacology, pulmonary diseases, renal diseases, rheumatology, neurophysiology, neurosurgery, obstetrics and gynecology, ophthalmology, orthopedic surgery, otolaryngology-head & neck surgery, pathology, pediatrics, physical medicine and rehabilitation, plastic surgery, psychiatry, radiology, radiotherapy, and urology.
Additionally, the hospital offers a range of patient services, including ambulatory surgery, a blood donor center, a rehabilitation center, a skilled nursing facility, and preventive health care instruction, such as smoking cessation, stress management, weight control, and cardiac and pulmonary rehabilitation. The Methodist Hospital also operates a multi-organ transplant center, performing kidney, heart, lungs, liver, pancreas, and bone marrow transplants.
Beyond providing medical care, The Methodist Hospital contributes to the community through education, donations to healthcare-related events and other services, and medical and health research.
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Impact
October, 2024
The Methodist Hospital significantly influences the Houston community and beyond through its extensive medical services and commitment to patient care. Operating 1,365 licensed beds, the hospital recorded over 569,000 visits in 2022, which included more than 92,000 emergency room visits and 436,000 outpatient visits. This high level of engagement underscores the hospital's role as a crucial healthcare provider in the Texas Medical Center.
A broad array of medical services is offered, covering specialties such as cardiology, oncology, neurosurgery, and pediatrics, among others. The hospital not only provides advanced inpatient and outpatient surgeries—totaling over 41,000 procedures in a year—but also operates a multi-organ transplant center, performing transplants for kidney, heart, lung, liver, pancreas, and bone marrow conditions.
In addition to direct patient care, The Methodist Hospital actively engages in community health education, offering programs focused on preventive health measures such as smoking cessation and stress management. The institution also invests in medical research and the education of healthcare professionals, reinforcing its commitment to improving health outcomes.
Through these services and initiatives, The Methodist Hospital plays an essential role in enhancing the overall health of the community, providing compassionate and high-quality care in a spiritually enriching environment.
This information is meant to be a general summary of The Methodist Hospital. 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: $42,016,831
- Program Service Revenue: $2,737,750,742
- Gross Receipts: $6,519,136,972
Assets and Liabilities:
- Total Assets: $9,864,255,911
- Total Liabilities: $3,248,071,102
- Net Assets: $6,616,184,809
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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
$2,706,583,508
RELATED ORG. RENT
Revenue
$31,167,234
Organization Details
Founding Year
1946
Phone
(832) 667-6160Principal Officer
Marc L Boom Md
Main Address
6565 FANNIN ST GB 240, HOUSTON, TX, 770302707
Website
www.houstonmethodist.orgNTEE Category
Code: E20 - Health
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