Baxter Regional Health System

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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

2010

Legal Domicile

Phone

8705081000

Tax Period

2024-01-01 to 2024-12-31

Baxter Regional Health System, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $14.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $22.0M exceeded revenue, resulting in a 48% operating deficit.

Mission

BAXTER HEALTH SYSTEM'S MISSION IS TO PROVIDE COMPASSIONATE CARE BEYOND MEASURE.

Program Service Accomplishments

Program 1

Expenses: $20,580,922 Revenue: $14,838,732

TO OPERATE FOR THE BENEFIT OF, PERFORM THE FUNCTIONS OF AND/OR CARRY OUT THE PURPOSES OF BAXTER COUNTY REGIONAL HOSPITAL AND OTHER HEALTH CARE ORGANIZATIONS WHICH ARE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,838,732

Investment Income $11,548

Other Revenue $0

TOTAL REVENUE $14,850,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,529,944

Fundraising Expenses $0

Program Expenses $20,580,922

Other Expenses $4,485,192

TOTAL EXPENSES $22,015,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,850,280	$13,215,379	+0.1%
Expenses	$22,015,136	$20,345,018	+0.1%
Net Income	$-7,164,856	$-7,129,639	+0.0%

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

2671

Volunteers

416

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Loftis	Vice-Chairman	1.0	Officer Director	$0	$0	$0
Lang Zimmerman	Treasurer	1.0	Officer Director	$0	$0	$0
Paul Wade	Chairman	1.0	Officer Director	$0	$0	$0
Steve Luelf	Secretary	1.0	Officer Director	$0	$0	$0
Jason Lindsay - See Statement	Director	1.0	Director	$0	$0	$0
Jerry Cunningham	Director	1.0	Director	$0	$0	$0
Melissa Dirst-Roberts	Director	1.0	Director	$0	$0	$0
Randy Hopper	Director	1.0	Director	$0	$0	$0
Sally Gilbert	Director	1.0	Director	$0	$0	$0
Ted Sanders	Director	1.0	Director	$0	$0	$0
Anthony Reed - See Statement	COO	1.0	Officer	$0	$0	$0
Debra Henry - See Statement	CFO	1.0	Officer	$0	$0	$0
Rachel Gilbert - See Statement	CNO	1.0	Officer	$0	$0	$0
Rondell Peterson - See Statement	CEO	1.0	Officer	$0	$0	$0
Akihiro Kobayashi - See Statement	PHYSICIAN	40.0	Highest	$0	$0	$0
Allan Gocio - See Statement	PHYSICIAN	40.0	Highest	$0	$0	$0
Lucas Bradley - See Statement	PHYSICIAN	40.0	Highest	$0	$0	$0
Michael Camp - See Statement	PHYSICIAN	60.0	Highest	$0	$0	$0
Patrick Tobbia - See Statement	PHYSICIAN	60.0	Highest	$0	$0	$0

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	$14,850,280	$22,015,136	$16,373,301	$-7,164,856
2023	$13,215,379	$20,345,018	$14,264,589	$-7,129,639
2022	$12,820,136	$19,212,860	$14,130,267	$-6,392,724
2021	$5,449,771	$8,198,460	$14,213,450	$-2,748,689
2020	$3,922,562	$6,428,984	$6,675,192	$-2,506,422
2019	$2,977,187	$4,379,927	$6,527,728	$-1,402,740
2018	$2,483,377	$3,573,826	$4,701,529	$-1,090,449