Methodist Medical Center Foundation

Nonprofit profile at a glance

EIN
621414205
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Knoxville, TN, USA
Phone
8653745329
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Reported finances

Revenue
$503,123
Expenses
$172,486
Assets
$2,067,048
Liabilities
$13,851

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

Leadership & pay

12 people listed

Executive titles in this filing

  • Jeremy H Biggs (President/CAO - Methodist)

People named in this filing

  • Shawn Smith (Director/Chair)
  • Charlotte Cunningham (Director/Secretary)
  • Wilma Brantley (Director)

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 Foundation is charged with raising, managing and distributing charitable gift support for Methodist Medical Center of Oak Ridge (MMC) in order to perpetuate and advance the highest quality of health care services at MMC. Donations to the Foundation support health care programs, services, education and equipment at MMC not otherwise funded or reimbursable by public or private insurance. The Foundation's mission is to assist MMC with extending the gift of life to all those in need, regardless of their ability to pay.

What it reported doing in 2024

The Hospitality Houses of Methodist Medical Center provide temporary lodging for patients and families who must travel long distances for treatment at Methodist Medical Center or Thompson Cancer Survival Center at MMC. The three homes offer 12 fully furnished apartments; shared kitchen, dining, laundry and family rooms; stocked pantries; transportation assistance as needed; and free parking. The program is supported entirely by charitable contributions.Guests of the Hospitality Houses stay as long as they need, free of charge. Since the first house opened in 1997, thousands of guests have received lodging. In 2024, the houses served 118 guests and provided 4,564 nights of stay for patients and families receiving cancer treatment, ICU/CCU care, and wound care at MMC. Guests traveled from 16 different Tennessee counties, as well as from Delaware, Florida, Georgia, Kentucky, Michigan, Pennsylvania and Texas. Based on standard local hotel rates, the value of the free lodging received by these guests was $547,680.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 91
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.5%; rating input score 33
  • Program expense ratio: 78.5%; rating input score 78
  • Fundraising efficiency: $17.74 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

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; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 65.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 11.98; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -4.1% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 31st percentile among comparable filings

Details

  • Where the money goes: 32.5% of revenue deployed · 78.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.