Civic Intelligence

The Menninger Clinic

990 • Fiscal year 2015 • EIN 37-1453409

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

12301 Main StreetHouston, TX 77035

(713) 275-5000

Siviq Scores

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

Liabilities / Assets

61st percentile

0.43x

Higher debt load relative to assets than 61% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

0.50x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

22nd percentile

-2.7%

Higher net margin than 22% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$515,784

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

7th percentile

-9.1%

Faster asset growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

46th percentile

3.0%

Faster revenue growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Down

$69,306,756

Down $6,914,755 (-9.1%) from 2014

Net Assets

Down

$39,767,560

Down $1,401,077 (-3.4%) from 2014

Liabilities

Down

$29,539,196

Down $5,513,678 (-16%) from 2014

Revenue

Up

$59,456,276

Up $1,756,001 (+3.0%) from 2014

Expenses

Up

$61,090,976

Up $3,267,442 (+5.7%) from 2014

Net Income

Down

-$1,634,700

Down $1,511,441 (-1226%) from 2014

Historical Trend

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2010: $12,619,271Liabilities 2010: $12,647,563Net Assets 2010: -$28,2922010Assets 2011: $34,919,527Liabilities 2011: $36,011,255Net Assets 2011: -$1,091,7282011Assets 2012: $80,454,184Liabilities 2012: $39,184,516Net Assets 2012: $41,269,6682012Assets 2013: $78,666,771Liabilities 2013: $37,345,494Net Assets 2013: $41,321,2772013Assets 2014: $76,221,511Liabilities 2014: $35,052,874Net Assets 2014: $41,168,6372014Assets 2015: $69,306,756Liabilities 2015: $29,539,196Net Assets 2015: $39,767,5602015Assets 2016: $67,864,940Liabilities 2016: $26,848,743Net Assets 2016: $41,016,1972016Assets 2017: $66,209,946Liabilities 2017: $25,044,043Net Assets 2017: $41,165,9032017Assets 2018: $62,002,336Liabilities 2018: $22,082,316Net Assets 2018: $39,920,0202018Assets 2019: $62,304,355Liabilities 2019: $20,480,346Net Assets 2019: $41,824,0092019Assets 2020: $60,618,184Liabilities 2020: $28,263,448Net Assets 2020: $32,354,7362020Assets 2021: $59,636,941Liabilities 2021: $20,955,451Net Assets 2021: $38,681,4902021Assets 2022: $75,144,473Liabilities 2022: $28,369,951Net Assets 2022: $46,774,5222022Assets 2023: $75,415,024Liabilities 2023: $31,126,132Net Assets 2023: $44,288,8922023Assets 2024: $71,300,409Liabilities 2024: $31,454,783Net Assets 2024: $39,845,6262024

Highlighted filing

2015

Assets$69,306,756
Liabilities$29,539,196
Net Assets$39,767,560

Operations Trend

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

$100M$50M$0-$50MExpenses 2010: $35,492,0102010Expenses 2011: $38,929,9532011Expenses 2012: $43,215,0032012Expenses 2013: $54,254,6892013Revenue 2014: $57,700,275Expenses 2014: $57,823,534Net Income 2014: -$123,2592014Revenue 2015: $59,456,276Expenses 2015: $61,090,976Net Income 2015: -$1,634,7002015Revenue 2016: $61,208,121Expenses 2016: $60,015,983Net Income 2016: $1,192,1382016Revenue 2017: $58,163,426Expenses 2017: $58,343,386Net Income 2017: -$179,9602017Revenue 2018: $56,851,836Expenses 2018: $58,647,787Net Income 2018: -$1,795,9512018Revenue 2019: $61,565,556Expenses 2019: $59,722,675Net Income 2019: $1,842,8812019Revenue 2020: $52,959,570Expenses 2020: $62,707,690Net Income 2020: -$9,748,1202020Revenue 2021: $71,783,778Expenses 2021: $64,064,774Net Income 2021: $7,719,0042021Revenue 2022: $46,564,350Expenses 2022: $36,184,501Net Income 2022: $10,379,8492022Revenue 2023: $69,414,147Expenses 2023: $71,899,777Net Income 2023: -$2,485,6302023Revenue 2024: $66,293,795Expenses 2024: $71,701,475Net Income 2024: -$5,407,6802024

Highlighted filing

2015

Revenue$59,456,276
Expenses$61,090,976
Net Income-$1,634,700
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$59,456,276
Mission and Program Overview

Mission

Menninger is a world leader in psychiatric treatment, research and education.

The Menninger Clinic provides specialty inpatient psychiatric hospital services that include programs for adults, young adults, and adolescents using evidence-based, contemporary, and psychodynamic treatment approaches.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$61,406,033$58,495,731▼ $2,910,302
Savings and Temporary Cash Investments$6,856,154$4,414,485▼ $2,441,669
Other Notes and Loans Receivable, Net$1,104,158$1,104,158→ $0
Accounts Receivable$785,948$753,537▼ $32,411
Prepaid Expenses and Deferred Charges$291,361$347,731▲ $56,370
Inventories for Sale or Use$135,906$141,183▲ $5,277
Cash and Non-Interest-Bearing Accounts$23,306$29,696▲ $6,390
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$76,221,511$69,306,756▼ $6,914,755
Other Assets Total$5,618,645$4,020,235▼ $1,598,410
Liabilities
Tax Exempt Bond Liabilities$27,676,540$22,336,540▼ $5,340,000
Accounts Payable and Accrued Expenses$4,607,152$4,716,414▲ $109,262
Other Liabilities$2,547,803$2,339,800▼ $208,003
Mortgage Notes Payable Secured by Investment Property$221,379$146,442▼ $74,937
Total Liabilities$35,052,874$29,539,196▼ $5,513,678
Net Assets / Fund Balance
Unrestricted Net Assets$41,168,637$39,767,560▼ $1,401,077
Total Net Assets Fund Balance$41,168,637$39,767,560▼ $1,401,077
Total Liabilities and Net Assets / Fund Balance$76,221,511$69,306,756▼ $6,914,755

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,605,450$3,306,241$37,911,691
Equipment$8,926,297$9,039,788$17,966,085
Other Land Buildings$9,762,410$3,317,578$13,079,988
Land$5,201,574-$5,201,574
Other Assets Org$3,483,842--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$45,682,569$2,472,095▲ $622,862$1,855,175$46,922,351
2013$39,397,722$2,544,302▲ $4,624,110$883,565$45,682,569
2012$36,005,174$3,212,614▲ $2,630,096$2,450,162$39,397,722
2011$40,057,505$622,057▲ $288,308$4,962,696$36,005,174
2010$33,273,812$1,412,774▲ $6,746,960$1,376,041$40,057,505
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ian AitkenCEO to NovFT$353,015$127,709$515,784
Shawna MorrisSr. VP Oper/COOFT$275,524$61,236$337,573
Kenny KleinCFO to MarchFT$263,600$58,613$311,475
Pamela GreeneSr. VP Pt SvcFT$197,905$64,827$261,100
C Edward Coffey MDCEO From OctFT$229,979$13,605$240,874
Nancy PalyoAVP Pt Care SvcsFT$155,729$42,744$200,054
Juanice ColwellDirector PharmacyFT$146,243$48,565$193,969
Stephanie CunninghamDirector Business DevFT$129,415$49,641$181,952
Jimmy RevisDirector FacilitiesFT$137,976$39,582$177,364
Gayle GarlandDirector Quality ResFT$114,661$87,705$166,787
Laura EastonSr Director DevelopPT$113,370$31,843$156,555

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Baylor College of MedicineClinic facultyPO Box 201361, Houston, TX 77216-1361$10,975,844
InSource Technology CorporationIT Services450 Gears Rd, Houston, TX 77067$1,602,711
Genomind LLCGenetic testing2200 Renaissance Blvd Ste 100, King of Prussia, PA 19406$389,219
Kirksey ArchitectureArchitectural6909 Portwest Drive, Houston, TX 77024$365,551
Quest DiagnosticsLab services7515 Main St Ste 160, Houston, TX 77030$239,604
Revenue and Support

Revenue Composition

Contributions and Grants
$3,713,385
Program Service Revenue
$55,734,051
Investment Income
$8,840
Other Revenue
$0
All Other Contributions
$5,517
Change in Net Assets
$-1,634,700

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,123,408
Revenue Not Reported on Financial Statements
$5,332,868
Revenue Not Reported on Form 990
$8,858,954
Other Revenue Adjustments
$5,332,868
Total Revenue per Audited Statements
$62,982,362
Total Revenue per Form 990
$59,456,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,734,931
Other Expenses$28,731,045
Grants and Similar Amounts Paid$1,625,000
Total Fundraising Expense$1,110,056
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,385,145$1,406,563$505,020$21,296,728
Fees for Services Other$14,037,141$1,207,498$82,834$15,327,473
Other Employee Benefits$4,493,102$496,061$147,879$5,137,042
Depreciation Depletion$3,702,832$86,756$42,343$3,831,931
Office Expenses$1,762,941$337,962$143,932$2,244,835
Payroll Taxes$1,651,587$152,252$42,834$1,846,673
Grants to Domestic Orgs$1,625,000--$1,625,000
Current Officers, Directors, Trustees, and Key Employees$919,106$695,778-$1,614,884
Occupancy$1,344,099$21,569$10,527$1,376,195
Interest$1,052,685$24,664$12,038$1,089,387
Insurance$694,174$16,264$7,938$718,376
Pension Plan Contributions$592,610$64,186$17,881$674,677
Information Technology$433,967$57,957$20,538$512,462
Travel$133,050$280,700$11,248$424,998
Advertising$531$341,661$6$342,198
Conferences and Meetings$130,171$150,053$60,239$340,463
Fees for Services Legal-$275,955-$275,955
All Other Expenses$150,189$98,389$4,799$253,377
Comp Disqual Persons$164,927--$164,927
Other Expenses$139,357--$139,357
Total Functional Expenses$54,266,652$5,714,268$1,110,056$61,090,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$61,090,976
Total Expenses per Audited Statements$60,310,820
Expenses per Audited Statements$55,621,399
Expenses Not Reported on Financial Statements$5,469,577
Other Expense Adjustments$5,469,577
Expenses Not Reported on Form 990$4,689,421
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Menninger Clinic FdHouston, TX501(c)(3)General support$1,625,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Dr Michael J CoffeySon of CEOEmployee compNo$164,927

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Derivative Agreements$1,363,750
Patient deposits/refunds payable$976,050

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHarris Co Cult Ed Fac2010-12-23$21,000,000Construction of Hlth Facility
BHarris Co Cult Ed Fac2010-12-23$14,000,000Construction of Hlth Facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$21,000,000-$1,470,000-
B$14,000,000-$11,193,460-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Menninger Clinic Membership Foundation and Baylor College of Medicine are the only Members of the Clinic.

Form 990, Part VI, Line 11B: Form 990 Review Process

The CEO and CFO review the Form 990 prior to providing a copy to the entire board and filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual disclosure by members of the board of directors of any potential conflict of interest is required. Review of accounting transactions and contractual agreements for potential instances of conflict of interest is conducted.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Human Resources department collects compensation data for similar positions in similar type organizations in the market area. In addition, independent consultants have reviewed corporate officer compensation and determined such compensation to be fair. This information is reported to the board of directors, who makes the final determination of compensation for officers.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

See above process described in the response for 15a which is also followed for these individuals.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

These documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Menninger Clinic
EIN
37-1453409
Phone
7132755000
Address
12301 Main Street, Houston, TX 77035

Signing Officer

Name
Antonio Gaglio
Title
CFO
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
C Edward Coffey MD
Formed
2002
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
11
Employees
513

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027-5132
Preparer
Jody Blazek
Phone
7134395739
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: The Comprehensive Psychiatric Assessment Service Program (CPAS)at The Menninger Clinic works closely with adults and their families who are dealing with challenging psychiatric issues or crisis, particularly patients who have not responded to previous attempts at treatment and medication. The CPAS also works with patients who require a comprehensive assessment or second opinion. Our patients in the program for stabilization struggle with a variety of issues, including depression, anxiety, mania and cognitive issues.The program offers two distinct services: stabilization for acute symptoms and discharge planning and comprehensive assessment, diagnosis and recommendations for next steps. OTHER PROGRAM SERVICES 5: The Menninger Clinic provides meals and medicine as part of its inpatient programs. OTHER PROGRAM SERVICES 6: Pathfinder is a Community Integration program designed to provide therapeutic support to clients with a history of mental illness. Clients receive individual, family and group therapies to create a highly individualized approach to treatment. Additionally, clients are offered a choice of either living with additional therapeutic support in the Pathfinder apartment or in the more independent and self-directed day program. OTHER PROGRAM SERVICES 7: Menningers Adolescent Treatment Program treats adolescents ages 12-17 who have complex psychiatric disorders or co-occurring disorders, that is, a psychiatric disorder coupled with substance abuse or dependence. The program has 15 beds. With its wide-ranging clinical expertise, the programs interdisciplinary treatment team stabilizes acute symptoms to help identify core issues and determine next steps in treatment. The team offers in-depth assessments when an adolescents diagnosis is unclear or when a second opinion is needed. The team administers extensive psychological testing, and neuropsychological testing is also available. Specialized, on-site consultation, when appropriate, addresses both addictions or substance abuse and eating-disorder behaviors. OTHER PROGRAM SERVICES 8: Addictions Services: At Menninger, roughly 65 percent of patients have an addiction or substance abuse issue in addition to their primary psychiatric diagnoses. For these patients, the treatment teams and their addictions counselors integrate treatment for the co-occurring disorders simultaneously rather than treating the disorders sequentially. Our master's-prepared addictions counselors are an integral part of each programs interdisciplinary treatment team. They help develop individualized treatment plans and counsel adolescents and adults with co-occurring disorders, following patients from assessment through discharge planning for substance-related, gambling, sexual, spending, technology and other addictions. OTHER PROGRAM SERVICES 9: Eating Disorders Services: Our Eating Disorders Services are designed to support Menninger patients who have a co-existing eating disorder or whose eating-disorder behaviors have resurfaced during inpatient treatment for major depression, anxiety or other mental illness. OTHER PROGRAM SERVICES 10: Wellness: At The Menninger Clinic, our focus is on treating patients psychiatric illnesses. Exercise is an important aspect of treatment, as its been proven to reduce stress, improve sleep habits and influence self-esteem. To encourage patients to engage in exercise, Menninger offers a Wellness Center with an array of features that offers something for everyone. The Wellness Program also offers lectures on healthy eating, stress management, cardiac care and other topics related to mental and physical health. OTHER PROGRAM SERVICES 11: Outpatient Assessments: A four and one-half-day (4.5-day) outpatient assessment is available for anyone seeking a greater understanding of their symptoms and current issues in their personal or work life. The outpatient assessments team takes a look at the questions posed by you and the medical, genetic, psych

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in value of derivative agreement = $233623

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Earnings on endowment funds are used to carry out the Menninger Clinic's mission of providing charitable support for clinical and educational purposes.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Revenue of MC Foundation $9800748 Unrealized investment losses of MCF $-1096721 Investment management fees of MCF $-136709 Change in value of derivative agreement $233623 Change in value of benef. trusts of MCF $58013

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Grant from MCF to Clinic $3707868 Grant from Clinic to MCF $1625000

Part XII, Line 2D: Other expenses and losses per audited F/S

Expenses of MCF $4689421

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Grant from Clinic to MCF $1625000 Grant from MCF to Clinic $3707868 Investment management fees of MCF $136709

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IRS990/Desc0The Menninger Clinic's Compass Program for Young Adults serves young adults, ages 18 to 30, who are having problems managing the transition from adolescence to adulthood. This inpatient treatment program lasts six to eight weeks.The Houston-based program is designed for young adults who struggle with one or more mental health issues, especially those co-occurring with addiction or substance abuse, including: Mood disorders such as depression or bipolar disorder, Anxiety, Post-traumatic stress disorder (PTSD), Gender identity and sexual issues, Emerging personality disorders such as borderline and narcissistic, Attention-deficit disorder (ADD), Dysfunctional reactions to developmental and life problems, Self-harm behavior such as cutting, Past suicide attempts or ideation, and Self-esteem issues.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$31.5$39.8$66.3$71.7$5.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.4$31.1$44.3$69.4$71.9$2.49
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.1$28.4$46.8$46.6$36.2$10.4
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.6$21.0$38.7$71.8$64.1$7.72
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$28.3$32.4$53.0$62.7$9.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.3$20.5$41.8$61.6$59.7$1.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$62.0$22.1$39.9$56.9$58.6$1.80
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$66.2$25.0$41.2$58.2$58.3$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.9$26.8$41.0$61.2$60.0$1.19
2015Detailed filing. Detailed filing data is available for this year.$69.3$29.5$39.8$59.5$61.1$1.63
2014Detailed filing. Detailed filing data is available for this year.$76.2$35.1$41.2$57.7$57.8$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.7$37.3$41.3$54.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.5$39.2$41.3$43.2
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.9$36.0$1.09$38.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$12.6$0.03$35.5
Peer Organizations

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