Lubbock Methodist Hospital System

Nonprofit profile at a glance

EIN
752221668
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Lubbock, TX, USA
Phone
8067254364
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities
Affiliation
Christianity

Reported finances

Revenue
$74,550
Expenses
$265,319
Assets
$3,522,581
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

People named in this filing

  • LINDSAY COOPER (BOARD MEMBER)
  • REV DON BOREN (BOARD MEMBER)
  • BRYAN REAVES (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of lubbock methodist hospital system (lmhs)is to assist in the government and fulfillment of the covenant health system mission according to the definitive agreement. The mission statement of covenant health system is "as expressions of god's love, witnessed through the ministry of jesus, we are steadfast in serving all, especially those who are poor and vulnerable."

What it reported doing in 2024

The lubbock methodist hospital system (lmhs) board meets four times a year and has three active committees: operating, oversight, and nominating. The operating committee determines the financial feasibility of projects, acts, and undertakings referred to it by the board; reviews financial statements and appraises the performance of lmhs; counsels with the board and the officers on current and long-term fiscal affairs and makes recommendations to the board concerning the fiscal affairs; recommends policies and agencies for the management of funds; oversees financial and legal audit needs and makes recommendations, and oversees and makes recommendations regarding d&o insurance needs. In doing so, the board provides educational scholarships to the covenant foundation. The oversight committee is responsible for overseeing the relationship with covenant heath system/providence and the ethical and religious directives. In this role, corporate oversight of tubal ligations is reviewed on an annual basis. The nominating committee recommends members of the lmhs board, officers of the lmhs board, and members of the covenant health system board.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75.4%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -255.9%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 13.28; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 0% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75.4% of spending went to programs
  • Governance: 24 of 24 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $200K in reported program spending
  • Leadership: top reported pay $0 · 24 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.