The Methodist Hospitals Inc
89% goes to programs $0 to raise $100
The Methodist Hospitals Inc is a 501(c)(3) organization based in Gary, Indiana, registered in 1942, with $493,388,211 in FY2024 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
600 Richard Gordon Hatcher Blvd, Gary, IN, 46402 EIN 35-0868133 Since 1942
Revenue (FY2024)
$493.4M
▲ 4.5% vs prior year
Health median: $840K
Expenses (FY2024)
$531.1M
Net assets
$218.0M
Employees
2,966
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Methodist Hospitals Inc: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating5 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Methodist Hospitals Inc: 5 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Methodist Hospitals Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Methodist Hospitals Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The methodist hospitals, inc. (methodist) is an indiana nonprofit corporation operating two general acute care hospitals in northwest indiana. as general acute care facilities, methodist provides a broad range of diagnostic, therapeutic, emergency, rehabilitation, radiation oncology, sleep center, inpatient, outpatient, and ancillary services. methodist's mission is to provide high quality healthcare to all persons regardless of their race, religion, sex, national origin, handicap, age, or ability to pay. methodist strives to provide appropriate health education, wellness, and preventative services. in addition, methodist is committed to being a responsible member of the community, offering its resources to assist in the accomplishment of community objectives.
Contact & location
- Address
- 600 Richard Gordon Hatcher Blvd, Gary, IN, 46402
- City
- Gary
- State
- Indiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $354.0M (FY2013) to $493.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $146.8MNet assets $218.0M
Operating margin
-7.7%
Spent more than it raised in the latest fiscal year.
Total assets
$364.8M
Total liabilities
$146.8M
Net assets
$218.0M
Salaries & benefits
$230.7M
43% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $493,388,211▲4.5% | $531,133,604▲9.4% | $217,970,037▼13.6% | $364,813,281▼4.5% | 990 |
| 2023 | $472,239,534▲5.2% | $485,389,817▲5.7% | $252,401,446▼1.4% | $381,830,429▼3.4% | 990 |
| 2022 | $448,961,964▲4.4% | $459,386,937▲9.7% | $256,000,715▼8.0% | $395,467,551▼12.1% | 990 |
| 2021 | $429,933,384▲4.9% | $418,851,971▲5.6% | $278,364,800▲9.0% | $450,065,579▼0.1% | 990 |
| 2020 | $409,871,184▲6.9% | $396,805,172▲1.9% | $255,303,881▲5.1% | $450,659,553▲22.4% | 990 |
| 2019 | $383,314,774▼4.8% | $389,325,700▼0.4% | $242,897,580▼1.6% | $368,092,378▲2.0% | 990 |
| 2018 | $402,687,580▲5.2% | $390,757,937▲3.5% | $246,802,782▲1.1% | $360,852,303▼1.2% | 990 |
| 2017 | $382,927,978▲2.5% | $377,506,689▲3.5% | $243,999,976▲3.4% | $365,300,464▼4.0% | 990 |
| 2016 | $373,686,462▲2.7% | $364,816,143▲3.5% | $235,904,379▲1.7% | $380,551,178▲3.8% | 990 |
| 2015 | $363,707,165▲2.2% | $352,508,600▲2.0% | $231,930,618▲0.4% | $366,449,985▼4.0% | 990 |
| 2014 | $355,824,201▲0.5% | $345,514,678▲0.8% | $231,035,631▼6.4% | $381,811,434▼2.4% | 990 |
| 2013 | $353,986,514 | $342,780,962▲8.6% | $246,934,829▲21.9% | $391,073,324▲5.2% | 990 |
| 2012 | — | $315,558,956▲12.0% | $202,646,103▲10.4% | $371,709,420▲7.4% | 990 |
| 2011 | — | $281,636,655▲4.1% | $183,478,894▲2.0% | $346,079,611▲2.8% | 990 |
| 2010 | — | $270,508,373 | $179,943,882 | $336,648,957 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Siddharth Kakodkar — $1,041,144 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Siddharth Kakodkar | Physician | 40 | $1,041,144 |
| Andre Artis | Physician | 40 | $939,193 |
| Mihas M Kodenchery | Physician | 40 | $920,641 |
| Harish A Shah | Physician | 40 | $752,473 |
| Majd Kanbour | Physician | 40 | $703,659 |
| Matthew Doyle | President, Chief Executive Officer | 40 | $635,143 |
| Vincent L Sevier Md | Senior Vice President, Chief Medical Officer | 40 | $458,177 |
| Lauren Trumbo CPA | Chief Financial Officer | 40 | $336,833 |
| Marla Hoyer-lareau | Senior Vice President, Chief Nursing and Operations Officer | 40 | $324,925 |
| Wright Alcorn | Vice President, Operations | 40 | $309,158 |
| Lauren W Harting Md | Board Member | 40 | $290,665 |
| Rick Rhew | Vice President, Human Resources | 40 | $233,981 |
| Bharat H Barai Md | Board Member | 2 | $89,255 |
| Cheryl L Pruitt Phd | Board Member | 2 | $6,000 |
| Glenn S Vician | Board Secretary | 2.2 | $6,000 |
| John A Lowenstine CPA | Board Vice-chairman | 2.2 | $6,000 |
| Robert E Johnson III | Board Chairman | 2.2 | $6,000 |
| Shelice R Tolbert | Board Member | 2 | $6,000 |
| Katrina Wright Md | Board Member | 2 | $5,750 |
| Curtis A Whittaker Sr CPA | Board Member | 2 | $5,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Comprehensive Pharmacy Services LLC | Pharmacy Management Svcs | $18,132,578 |
| Sodexomagic LLC | Facility Svcs Management | $8,173,304 |
| Red Reef Anesthesia Associates | Anesthesia Services | $7,346,128 |
| Medical Solutions LLC | Contracted Nursing Labor | $6,863,863 |
| Suniti Medical Corporation | Oncology Infusion/hematology | $5,244,829 |
Grants received · $519K total
6 grants to The Methodist Hospitals Inc totaling $519K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Cancer Society Inc | Patient support | 2021 | $7,250 |
| American College of Cardiology Foundation | — | 2021 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $160,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $175,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $165,000 |
| Patient Access Network Foundation | Patient assistance | 2015 | $6,011 |
Grants made · $72K in FY2024
3 grants totaling $72K in FY2024. All grants made by The Methodist Hospitals Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Methodist Hospitals Foundation Inc | Promote the health, safety, and general welfare of persons in the community by providing support to the methodist hospitals inc. | $40,894 |
| American Heart Association Inc | Heart disease awarness/prevention programs | $25,000 |
| Gary Literacy Coalition Inc | Support local literacy programs | $5,733 |
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Frequently asked questions
- Is The Methodist Hospitals Inc a legitimate nonprofit?
- Yes. The Methodist Hospitals Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-0868133, based in Gary, Indiana. Donations are tax-deductible.
- What is The Methodist Hospitals Inc's EIN?
- The Methodist Hospitals Inc's Employer Identification Number (EIN) is 35-0868133.
- How much revenue does The Methodist Hospitals Inc report?
- The Methodist Hospitals Inc reported $493,388,211 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of The Methodist Hospitals Inc's spending goes to programs?
- The Methodist Hospitals Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Methodist Hospitals Inc have?
- CharityIndex grades The Methodist Hospitals Inc A, based on program efficiency and fundraising cost.
- How much does The Methodist Hospitals Inc's highest-paid employee make?
- The highest reported compensation on The Methodist Hospitals Inc's latest Form 990 is $1,041,144, paid to Siddharth Kakodkar (Physician).
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Data for The Methodist Hospitals Inc (EIN 35-0868133) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.