Baptist Health Medical Group Inc (EIN 205497203) - 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

2006

Legal Domicile

Principal Officer

Isaac J Myers MD

Phone

5028965000

Tax Period

2023-09-01 to 2024-08-31

Baptist Health Medical Group Inc, founded in 2006, is a major nonprofit in the Health Care sector that reported $850.8M in total revenue in fiscal year 2023. Expenses of $1.0B exceeded revenue, resulting in a 20% operating deficit.

Mission

To provide healthcare services and facilities that benefit the communities we serve.

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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 $205,009,292

Program Service Revenue $624,190,807

Investment Income $54,160

Other Revenue $21,589,999

TOTAL REVENUE $850,844,258

Expense Breakdown

Grants Paid $13,571

Salaries & Benefits $865,331,857

Fundraising Expenses $0

Program Expenses $948,446,322

Other Expenses $159,343,515

TOTAL EXPENSES $1,024,688,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$850,844,258	$800,561,133	+0.1%
Expenses	$1,024,688,943	$962,632,415	+0.1%
Net Income	$-173,844,685	$-162,071,282	+0.1%

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

6986

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

$3,608,367

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank R Purdy III	Chair & Director	1.00	Officer Director	$0	$0	$0
Rob Schreiner MD	Director	1.00	Director	$0	$0	$0
Staci Dawn Farner Rogers MD	Director	1.00	Director	$0	$0	$0
Patrick Daniel O'Haire MD	Director (Effective 8/29/23)	1.00	Director	$0	$0	$0
Joanne Berryman	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Victoria D Buster	Director	1.00	Director	$0	$0	$3,000
Isaac J Myers MD	President	20.00	Officer	$0	$39,786	$1,206,670
Janet M Norton	Vice President & Secretary	1.00	Officer	$0	$38,654	$1,109,535
Douglas Reed	Vice President	40.00	Officer	$0	$48,040	$378,293
Richard F Carrico	VP & Treasurer	1.00	Officer	$0	$30,778	$913,869
Sandeep Sharma MD	Physician	40.00	Highest	$1,520,543	$45,598	$1,566,141
Jeffrey Been MD	Physician	40.00	Highest	$1,602,939	$44,600	$1,647,539
John Blankenship MD	Physician	40.00	Highest	$1,519,424	$45,371	$1,564,795
Bapineedu Gondi MD	Physician	40.00	Highest	$1,580,377	$33,926	$1,614,303
Vikas Singh MD	Physician	40.00	Highest	$1,461,261	$24,073	$1,485,334
Stephen R Oglesby	VP & Treasurer (Through 1/6/23)	0.00		$0	$7,196	$343,444
Thomas Reynolds	Vice President (Through 7/28/23)	0.00		$0	$32,305	$411,142

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	$850,844,258	$1,024,688,943	$207,219,630	$-173,844,685
2023	$800,561,133	$962,632,415	$243,671,773	$-162,071,282
2022	$585,254,894	$875,913,404	$163,915,115	$-290,658,510
2021	$559,689,949	$824,040,514	$171,626,728	$-264,350,565
2020	$392,376,971	$628,514,987	$134,265,747	$-236,138,016
2019	$391,571,832	$582,458,370	$98,456,222	$-190,886,538
2018	$380,776,095	$563,365,859	$107,724,614	$-182,589,764

Baptist Health Medical Group Inc