Baptist Health Foundation Richmond Inc (EIN 311506378) - 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

1999

Legal Domicile

Principal Officer

Greg Gerard

Phone

5028965000

Tax Period

2023-09-01 to 2024-08-31

Baptist Health Foundation Richmond Inc, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 11% surplus.

Mission

To assist, advance, support and strengthen Baptist Health Richmond hospital.

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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 $1,714,489

Program Service Revenue $0

Investment Income $145,939

Other Revenue $-38,168

TOTAL REVENUE $1,822,260

Expense Breakdown

Grants Paid $1,356,163

Salaries & Benefits $204,567

Fundraising Expenses $66,117

Program Expenses $1,468,675

Other Expenses $59,761

TOTAL EXPENSES $1,620,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,822,260	$975,830	+0.9%
Expenses	$1,620,491	$1,286,768	+0.3%
Net Income	$201,769	$-310,938	-1.6%

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

$2,888,278

Total Directors

$459,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Holbrook	Director	1.00	Director	$0	$0	$0
Chad Aldridge	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Colleen Chaney	Director	1.00	Director	$0	$0	$0
David W Smith	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Douglass Owen MD	Director	1.00	Director	$0	$0	$0
Greg Gerard	President & Director	1.00	Officer Director	$0	$45,610	$459,071
Jane Clouse	Director	1.00	Director	$0	$0	$0
Laura Stocker Steidle	Director	1.00	Director	$0	$0	$0
Lee Anne Browder	Director	1.00	Director	$0	$0	$0
Lindsey Arnold	Director	1.00	Director	$0	$0	$0
Mendi Goble	Director	1.00	Director	$0	$0	$0
Otis D Ballard	Director	1.00	Director	$0	$0	$0
Rev Mitch Brown	Vice Chair & Director	1.00	Officer Director	$0	$0	$0
Ronda Taylor	Director	1.00	Director	$0	$0	$0
Schuronda Morton	Director	1.00	Director	$0	$0	$0
Sharon Switalski	Director	1.00	Director	$0	$0	$0
Sucheta Mohanty	Chair & Director	1.00	Officer Director	$0	$0	$0
Tammy Hill	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Tyler Frazier	Director	1.00	Director	$0	$0	$0
Vickie Moberly	Director	1.00	Director	$0	$0	$0
Jackson Davenport	Asst Secretary (Through 2/20/24)	40.00	Officer	$0	$1,092	$47,837
Janet Norton	Secretary	1.00	Officer	$0	$38,654	$1,109,535
Kari Lyons Martin	Vice President	40.00	Officer	$0	$24,943	$108,446
Karl Lainhart	Asst Treasurer	1.00	Officer	$0	$38,710	$249,520
Richard Carrico	Treasurer	1.00	Officer	$0	$30,778	$913,869
Stephen R Oglesby	Former 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	$1,822,260	$1,620,491	$8,945,380	$201,769
2023	$975,830	$1,286,768	$7,787,956	$-310,938
2022	$1,485,034	$567,482	$7,269,961	$917,552
2021	$1,659,775	$288,688	$6,374,515	$1,371,087
2020	$569,830	$220,634	$5,363,345	$349,196
2019	$682,615	$362,372	$5,852,408	$320,243
2018	$517,391	$329,492	$5,642,771	$187,899

Baptist Health Foundation Richmond Inc