Baptist Health Foundation Greater Louisville Inc (EIN 200292291) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Jonathan Velez MD

Phone

5028967495

Tax Period

2023-09-01 to 2024-08-31

Baptist Health Foundation Greater Louisville Inc, founded in 2003, is a community nonprofit in the Health Care sector that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $875K, a strong 19% operating margin.

Mission

To assist, advance & strengthen Baptist Health Louisville & Baptist Health La Grange hospitals.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,303,035

Program Service Revenue $0

Investment Income $219,151

Other Revenue $5,129

TOTAL REVENUE $4,527,315

Expense Breakdown

Grants Paid $2,910,302

Salaries & Benefits $567,102

Fundraising Expenses $419,829

Program Expenses $2,910,302

Other Expenses $175,046

TOTAL EXPENSES $3,652,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,527,315	$4,010,105	+0.1%
Expenses	$3,652,450	$2,047,358	+0.8%
Net Income	$874,865	$1,962,747	-0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,042,651

Total Directors

$794,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Agnes Houseal	Director (Through 12/31/24)	1.00	Director	$0	$0	$0
Andrew Pellino	Vice Chair (Effective 1/1/24) & Dir	1.00	Officer Director	$0	$0	$0
Andy Powell	Chair (Effective 1/1/24) & Dir	1.00	Officer Director	$0	$0	$0
Chris Morris	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Chris O'Bryan	Director	1.00	Director	$0	$0	$0
Clint Kaho	VP & Director	1.00	Officer Director	$0	$44,890	$552,304
Danny McMahan	Director	1.00	Director	$0	$0	$0
Deborah Reiss	Director	1.00	Director	$0	$0	$0
Edith Wells	Director	1.00	Director	$0	$0	$0
Guthrie Zaring	Director	1.00	Director	$0	$0	$0
Ideisha Bellamy	Director (Through 5/8/24)	1.00	Director	$0	$0	$0
Jerry Greenwell	Director	1.00	Director	$0	$0	$0
Jerry Simms	Director	1.00	Director	$0	$0	$0
John Crockett	Director	1.00	Director	$0	$0	$0
John Dadds	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Jonathan Velez MD	Pres & Dir (Effective 9/1/23)	1.00	Officer Director	$0	$11,854	$238,886
Kimberly Bunton	Director	1.00	Director	$0	$0	$0
Maggie Keith	Director	1.00	Director	$0	$0	$0
Mary Broecker	Director	1.00	Director	$0	$0	$0
Ramsey Nassar MD	Director	1.00	Director	$0	$0	$0
Rick Robey	Director	1.00	Director	$0	$0	$0
Robert L Hook Jr	Director	1.00	Director	$0	$0	$3,000
Stephen Gibson	Director	1.00	Director	$0	$0	$0
Susan Stout Tamme	Chair (through 12/31/23) & Dir	1.00	Officer Director	$0	$0	$0
William Roby	Director	1.00	Director	$0	$0	$0
William Summers	Director	1.00	Director	$0	$0	$0
Janet Norton	Secretary	1.00	Officer	$0	$38,654	$1,109,535
Justin Leighty	Asst. Secr (Through 2/14/24)	40.00	Officer	$0	$37,650	$228,057
Richard Carrico	Treasurer	1.00	Officer	$0	$30,778	$913,869
Larry Gray	Pres & Dir (Through 8/31/23)	0.00		$0	$30,301	$802,260
Stephen R Oglesby	Treasurer (Through 1/6/23)	0.00		$0	$7,196	$343,444

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,527,315	$3,652,450	$21,594,164	$874,865
2023	$4,010,105	$2,047,358	$18,915,674	$1,962,747
2022	$4,869,667	$1,201,993	$15,505,915	$3,667,674
2021	$4,231,014	$1,294,036	$12,523,615	$2,936,978
2020	$2,605,538	$1,346,125	$16,303,605	$1,259,413
2019	$4,197,470	$1,113,514	$11,919,374	$3,083,956
2018	$2,651,279	$795,766	$9,672,185	$1,855,513

Baptist Health Foundation Greater Louisville Inc