Methodist Health Inc

Nonprofit profile at a glance

EIN
610461753
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Henderson, KY, USA
Phone
2708277700
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Reported finances

Revenue
$182,153,914
Expenses
$164,882,037
Assets
$138,233,837
Liabilities
$21,558,428

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

Leadership & pay

17 people listed

Highest reported compensation

  • LYNN LINGAFELTER (SECRETARY (END 04/2025)/VP & COO): $1,271,339 total reported compensation
  • CHERYL WATHEN (VP & CFO): $1,183,383 total reported compensation
  • DENNIS BECK MD (ASSOCIATE CMO): $1,044,855 total reported compensation

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

Overview

Mission

Methodist health provides quality healthcare services with a compassionate and caring spirit to persons, families and communities of the tri-state. At methodist health, our values are based on our commitment to quality. We define quality as the continuous improvement of services to meet the needs and exceed the expectations of the customers we serve. Our values are quality in everything we do, respect for all people, efficiency and effectiveness in the use of resources, innovation toward continuous system improvement, partnership with those we serve and with suppliers, education for continuous growth and knowledge and pride in workmanship. To accomplish its mission, methodist health is committed to improving the quality of life for the people of the tri-state by demonstrating excellence in healthcare services, providing access to healthcare, providing charity care to those in need, promoting healthy lifestyles, offering spiritual and psychological support, supporting health related

What it reported doing in 2024

Methodist health, inc. Offers a broad range of inpatient and outpatient medical services including intensive care, obstetrical services, neonatology, emergency care, surgical services, ambulatory care, radiology services, laboratory services, therapy services, sleep disorders, dialysis, oncology, cardiac and pulmonary rehab, g.i., cardiology, neurology, and wound care services. The communities we primarily serve include henderson, union, and webster counties. Deaconess henderson hosptital is an acute care hospital located in henderson, ky with 192 licensed beds. During the fiscal year ending september 30, 2025, deaconess henderson hospital served 5,001 inpatients for a total of 21,854 inpatient days of service. The hospital also provided 27,175 emergency room visits.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 62
  • Accountability: 71
  • Sustainability: 56
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 80.8%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 86.1%; rating input score 86; 20th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9.5%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: -1.1% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.1% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -2.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 80.8% of spending went to programs
  • Governance: 3 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $133.2M in reported program spending
  • Leadership: top reported pay $1.3M · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10M reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes grants and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 40 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.