Methodist Children's Hospital
Also known as Covenant Children's Hospital
Methodist Children's Hospital reported $471.3 million in revenue and $371.8 million in expenses for calendar year 2024. Of every $100 it spent, $97.82 went to program services, $2.18 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.1% of the total. The highest compensation it reported for one person was $1,481,609 (FRMR OFF. - NM/TX REG CE). 173 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $372MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $471MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.2% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,481,609 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.40% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 173 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.9 | 6.6 |
| Independent voting board members Part VI 1a–1b | 8 of 11 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSee schedule oat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all. In an increasingly uncertain world, we are committed to high-quality, compassionate health care for everyone - regardless of coverage or ability to pay. We help people and communities benefit from the best health care model for the future - today. Together, our 125,000 caregivers (all employees) serve in 51…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FRMR OFF. - NM/TX REG CE Former, 0.00 hrs/week | $0 | $1,276,030 | $205,579 | $1,481,609 |
| CEO CHILDREN'S HOSPITAL Director/trustee, officer, 53.00 hrs/week | $784,091 | $0 | $112,684 | $896,775 |
| FRMR OFF. - TX/NM REG. CFO Former, 0.00 hrs/week | $0 | $545,688 | $0 | $545,688 |
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $503,090 | $23,086 | $526,176 |
| FRMR OFF. - VP SENIOR CORP COUNSEL Former, 0.00 hrs/week | $0 | $495,773 | $13,669 | $509,442 |
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $473,156 | $13,578 | $486,734 |
| FRMR OFF - TX/NM REG. CE Former, 0.00 hrs/week | $0 | $388,482 | $208 | $388,690 |
| EXECUTIVE DIRECTOR OPERATIONS Highest compensated employee, 50.00 hrs/week | $287,217 | $0 | $30,065 | $317,282 |
173 people received more than $100,000 in reportable compensation from Methodist Children's Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $897K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,249
- Volunteers Part I, line 667
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| TEXAS TECH UNIVERSITY SYSTEM Medical services | $18,168,655 |
| NORTHSTAR ANESTHESIA PA Medical services | $4,074,136 |
| HEALOGICS WOUND CARE AND HYPER Medical services | $2,318,205 |
| COOK CHILDRENS PHYSICIAN NETWORK Medical services | $2,247,631 |
| CTSI ONCOLOGY PRACTICE SOLUTIONS Technology services | $2,116,625 |
Individuals listed as contractors are left out. 54 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Methodist Children's Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Methodist Children's Hospital, you can publish a response that is linked from this page.
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Of every $100 Methodist Children's Hospital spent in 2024, $97.82 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Sisters of Charity HospitalBuffalo, NY · revenue $471M · programs 88.4% · 2024
- Christus Health Central LouisianaAlexandria, LA · revenue $471M · programs 82.4% · FY2025
- Henry Ford Wyandotte HospitalWyandotte, MI · revenue $470M · programs 98.1% · 2024
- Copley Memorial HospitalAurora, IL · revenue $472M · programs 81.8% · FY2025
- Parkwest Medical CenterKnoxville, TN · revenue $470M · programs 98.6% · 2024
Questions people ask
How much of Methodist Children's Hospital's spending goes to programs?
In calendar year 2024, Methodist Children's Hospital reported that 97.8% of its $371.8 million in expenses went to program services, 2.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Methodist Children's Hospital pay its top executive?
The largest total compensation Methodist Children's Hospital reported for one person in calendar year 2024 was $1,481,609, for the role of FRMR OFF. - NM/TX REG CE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Methodist Children's Hospital get its money?
Of $471.3 million in revenue in calendar year 2024, 0.3% came from contributions and grants and 95.1% from program service revenue (Form 990, Part VIII).
Is Methodist Children's Hospital a registered charity?
The IRS lists EIN 75-2428911 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503149349302415 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413189349306921 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349317416 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213159349300131 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349323473 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003179349309435 · read the filing
All filings for EIN 75-2428911: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.