Civic Intelligence

Methodist Health Group Inc.

990 • Fiscal year 2019 • EIN 35-0876390

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

950 N MERIDIAN STREET Suite 800Indianapolis, IN 46204

(317) 963-4842

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

16th percentile

$70,298

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Up

$15,955,282

Up $15,955,282 from 2017

Net Assets

Up

$15,955,282

Up $15,955,282 from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$15,955,282

Up $15,955,282 from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$15,955,282

Up $15,955,282 from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2019: $15,955,282Liabilities 2019: $0Net Assets 2019: $15,955,2822019Assets 2020: $16,000,832Liabilities 2020: $0Net Assets 2020: $16,000,8322020Assets 2021: $6,943,695Liabilities 2021: $0Net Assets 2021: $6,943,6952021Assets 2022: $5,839,254Liabilities 2022: $0Net Assets 2022: $5,839,2542022Assets 2024: $7,176,809Liabilities 2024: $0Net Assets 2024: $7,176,8092024

Highlighted filing

2019

Assets$15,955,282
Liabilities$0
Net Assets$15,955,282

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2019: $15,955,282Expenses 2019: $0Net Income 2019: $15,955,2822019Revenue 2020: $48,955Expenses 2020: $3,405Net Income 2020: $45,5502020Revenue 2021: $87,505Expenses 2021: $9,130,750Net Income 2021: -$9,043,2452021Revenue 2022: $202,102Expenses 2022: $42,930Net Income 2022: $159,1722022Revenue 2024: $197,927Expenses 2024: $68,567Net Income 2024: $129,3602024

Highlighted filing

2019

Revenue$15,955,282
Expenses$0
Net Income$15,955,282
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$15,955,282
Mission and Program Overview

Mission

Methodist Health Group, Inc. ("Methodist Health Group") is organized and operated exclusively for charitable, educational, and scientific purposes through the provision and promotion of health care, medical education, and medical research in conjunction with Indiana University Health, Inc. ("IU Health"), a 501(c)(3) tax-exempt organization.

Methodist Health Group, in participation with IU Health, Inc., supports charitable, educational, and scientific purposes through the provision and promotion of health care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$15,955,282▲ $15,955,282
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$15,955,282▲ $15,955,282
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$15,955,282▲ $15,955,282
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$15,955,282▲ $15,955,282
Total Liabilities and Net Assets / Fund Balance$0$15,955,282▲ $15,955,282
Compensation and Service Providers

Employees

NameTitleOtherTotal
Daniel F Evans JrPresident (Part Yr)/ DIRECTOR$70,298$70,298
Bishop Julius C TrimbCHAIR/PRES &CEO (Part Yr)/Director$35,000$35,000

Board Members and Trustees

NameTitle
Judge Sarah Evans BarkSecretary (Part Yr)/ Director
Gregory Dale EsqSecretary (Part Year)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$15,955,282
Other Revenue
$0
Change in Net Assets
$15,955,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 4 - Changes to Governing Documents

The Articles of Incorporation were amended to state the corporation shall not have members as that term is defined in the Act. The corporation may, however, designate as "members" certain individuals, corporations, or other associations and organizations who satisfy certain criteria established by the Board of Directors and who support the purposes and programs of the Corporation. Such designation shall carry no legal significance under the Act and shall not entitle such individuals, corporations, or other associations and organizations to any vote on Corporation matters or to notice of, or attendance at, Corporation meetings.

Part VI, Section B, Line 11B - Review of Form 990

The president reviewed and approved the form 990.

Part VI, Section C, Line 19 - Public Disclosure

Methodist Health Group's ARTICLES OF INCORPORATION ARE AVAILABLE FOR PUBLIC INSPECTION THROUGH THE INDIANA SECRETARY OF STATE'S WEBSITE.

Filing and Contact Details

Filer

Filer Name
Methodist Health Group Inc
EIN
35-0876390
In Care Of
% CRAIG JONES
Phone
3179634842
Address
950 N MERIDIAN STREET Suite 800, INDIANAPOLIS, IN 46204

Signing Officer

Name
Daniel F Evans Jr
Title
President
Phone
3179634842
Signed
2020-11-13

Organization Details

Principal Officer
Daniel F Evans Jr
Formed
1908
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
Jennifer D Rhoderick
Phone
3176817000
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Methodist Health Group is one of two members of IU Health and appoints 50% of its board of directors. Methodist Health Group also leased all of its property, including an acute care hospital and related land, to IU Health on a long-term basis in exchange for a nominal fee that was prepaid in a prior year. For GAAP purposes, the property was reported on the books of IU Health. On December 20, 2019 IU Health purchased all of Methodist Health Group's property, including an acute care hospital and related land.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Methodist Health Group's supported organization, IU Health, had a significant voice in directing the use of its assets at all times during the tax year. Methodist Health Group leased all of its property, including an acute care hospital and related land, to IU Health on a long-term basis in exchange for a nominal fee that was prepaid in a prior year. For GAAP purposes, the property was reported on the books of IU Health. IU Health directed the use of the property at all times during the tax year. ON DECEMBER 20, 2019 IU HEALTH PURCHASED ALL OF METHODIST HEALTH GROUP'S PROPERTY, INCLUDING AN ACUTE CARE HOSPITAL AND RELATED LAND. Methodist Health Group did not have any investment policies during the tax year. However, if it did, IU Health would have had a significant voice in such policies. Two of the Three Board members of the organization, Bishop Julius C. Trimble and Judge Sarah Evans Barker, also serve on the board of the supported organization, IU Health.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Substantially all of Methodist Health Group's activities conducted during the tax year directly furthered the exempt purpose of its supported organization, IU Health. Methodist Health Group is one of two members of IU Health and appoints 50% of its board of directors. Methodist Health Group also leased all of its property, including an acute care hospital and related land, to IU Health on a long-term basis in exchange for a nominal fee that was prepaid in a prior year. ON DECEMBER 20, 2019 IU HEALTH PURCHASED ALL OF METHODIST HEALTH GROUP'S PROPERTY, INCLUDING AN ACUTE CARE HOSPITAL AND RELATED LAND. Methodist Health Group conducted no other activities, apart from the two described above, during the tax year.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3But for Methodist Health Group's involvement, its supported organization, IU Health, would have needed to resort to alternative means to constitute its board of directors. Additionally, prior to the purchase of the assets, it would have needed to purchase or acquire the use of other suitable property to operate an acute care hospital in furtherance of its exempt purpose.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section D, Line 3 - Significant Voice
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section E, Line 2a - Direct Furtherance Test
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part IV, Section E, Line 2b - "But For" Test
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Articles of Incorporation were amended to state the corporation shall not have members as that term is defined in the Act. The corporation may, however, designate as "members" certain individuals, corporations, or other associations and organizations who satisfy certain criteria established by the Board of Directors and who support the purposes and programs of the Corporation. Such designation shall carry no legal significance under the Act and shall not entitle such individuals, corporations, or other associations and organizations to any vote on Corporation matters or to notice of, or attendance at, Corporation meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT REVIEWED AND APPROVED THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Methodist Health Group's ARTICLES OF INCORPORATION ARE AVAILABLE FOR PUBLIC INSPECTION THROUGH THE INDIANA SECRETARY OF STATE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section A, Line 4 - Changes to Governing Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11B - REVIEW OF FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION C, LINE 19 - PUBLIC DISCLOSURE
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