Baptist Healthcare Foundation Inc

EIN: 311122867 501(c)(3) Health Care

Louisville, KY

Total Revenue
$4,673,736
Total Expenses
$3,265,726
Total Assets
$10,270,355
Net Assets
$10,145,432
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
KY
Principal Officer
Gerard Colman
Phone
5028965000
Tax Period
2023-09-01 to 2024-08-31

Baptist Healthcare Foundation Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $4.7M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 30% operating margin.

Mission

To serve as an instrument to assist, advance and strengthen Baptist Healthcare System, Inc. in their ministry of healing, in their service as a health center for their communities, and in all related health and humanitarian endeavors.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,587,426
Program Service Revenue $0
Investment Income $86,310
Other Revenue $0
TOTAL REVENUE $4,673,736

Expense Breakdown

Grants Paid $691,781
Salaries & Benefits $1,857,018
Fundraising Expenses $1,006,425
Program Expenses $1,161,251
Other Expenses $687,875
TOTAL EXPENSES $3,265,726

Year-over-Year Comparison

2023 2022 Change
Revenue $4,673,736 $7,786,742 -0.4%
Expenses $3,265,726 $2,375,078 +0.4%
Net Income $1,408,010 $5,411,664 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
14
Volunteers
N/A

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
5
$5,544,315
Total Directors
4
$3,523,911
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gerard J Colman PhD President & Director 1.00
Officer Director
$0 $402,104 $3,517,911
Alan Rudd Vice Chair & Director 1.00
Officer Director
$0 $0 $0
Victoria Buster Chair & Director 1.00
Officer Director
$0 $0 $3,000
R Christion Hutson Director 1.00
Director
$0 $0 $3,000
Janet M Norton Vice President & Secretary 1.00
Officer
$0 $38,654 $1,109,535
Richard F Carrico Vice President & Treasurer 1.00
Officer
$0 $30,778 $913,869
Stephen R Oglesby Former VP & Treas (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 $4,673,736 $3,265,726 $10,270,355 $1,408,010
2023 $7,786,742 $2,375,078 $8,571,488 $5,411,664
2022 $4,376,365 $3,053,546 $3,020,410 $1,322,819
2021 $2,784,583 $2,179,603 $1,291,113 $604,980
2020 $1,386,416 $1,738,174 $688,661 $-351,758
2019 $563,027 $522,677 $433,193 $40,350
2018 $327,816 $285,127 $368,383 $42,689
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