Baptist Health Medical Group Inc (EIN 462597739) - 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

2012

Legal Domicile

Phone

7866627000

Tax Period

2023-10-01 to 2024-09-30

Baptist Health Medical Group Inc, founded in 2012, is a major nonprofit in the Health Care sector that reported $756.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

SEE FORM 990, PART III, LINE 1

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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 $266,027,873

Program Service Revenue $332,084,407

Investment Income $17,574

Other Revenue $158,223,516

TOTAL REVENUE $756,353,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $527,496,586

Fundraising Expenses $0

Program Expenses $637,375,064

Other Expenses $249,322,185

TOTAL EXPENSES $776,818,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$756,353,370	$574,657,918	+0.3%
Expenses	$776,818,771	$585,828,765	+0.3%
Net Income	$-20,465,401	$-11,170,847	+0.8%

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

2494

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

$1,496,702

Total Directors

$10,647

Key Employees

$2,482,815

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adelaide Skoglund	Director	2.0	Director	$0	$0	$0
Audra Hill Wallace	Director	2.0	Director	$0	$0	$8,879
Bill R Tillett	Director	2.0	Director	$0	$0	$200
CHRISTOPHER WHEELER	Director	2.0	Director	$0	$0	$0
Gary Becker MD	Director	2.0	Director	$0	$0	$1,568
J Randolph Millian	Director	2.0	Director	$0	$0	$0
J RICHARD DAMRON JR	Director	2.0	Director	$0	$0	$0
Lawrence Altschul	Director	2.0	Director	$0	$0	$0
Lloyd Wruble DMD	Director	2.0	Director	$0	$0	$0
Ralph Lawson	Director	2.0	Director	$0	$0	$0
Ramon Rodriguez	Director	2.0	Director	$0	$0	$0
Rev William Chambers III	Director	2.0	Director	$0	$0	$0
Sixto Ferro	Director	2.0	Director	$0	$0	$0
Stanley Shapiro	Director	2.0	Director	$0	$0	$0
Steven Litinsky MD MBA	Director	2.0	Director	$0	$0	$0
Alan A Gomez	VP of Finance - MCI & Physician Ops	25.0	Officer	$0	$118,136	$574,184
Bernardo Fernandez	CEO	50.0	Officer	$0	$31,210	$922,518
Edward Garabedian	COO	50.0	Key Emp	$442,436	$98,107	$540,543
Leonard Kalman MD	Deputy Director Oncology	40.0	Key Emp	$0	$30,260	$1,077,206
Panagiotis Mallias	COO/CAO Clinical Enterprise	50.0	Key Emp	$0	$162,685	$865,066
Harry Michael Salinas	Physician	45.0	Highest	$1,434,411	$44,387	$1,478,798
John E Zvijac	Physician	45.0	Highest	$1,539,760	$32,714	$1,572,474
Joseph Thomas McGinn Jr	Physician	45.0	Highest	$1,843,615	$41,415	$1,885,030
Miguel A Medina	Physician	45.0	Highest	$1,556,318	$45,437	$1,601,755
Steven Jeffrey Hoff	Physician	45.0	Highest	$1,481,696	$26,607	$1,508,303
William G Ulbricht	Former COO/CAO Clinical Enterprise	0.0		$0	$175,492	$1,369,291

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	$756,353,370	$776,818,771	$132,667,269	$-20,465,401
2023	$574,657,918	$585,828,765	$110,301,428	$-11,170,847
2022	$548,760,730	$519,598,500	$105,023,888	$29,162,230
2021	$427,663,560	$423,992,034	$93,265,797	$3,671,526
2020	$1,053,991,722	$366,587,707	$79,890,511	$687,404,015
2019	$181,773,003	$340,172,273	$21,477,292	$-158,399,270
2018	$146,987,221	$290,114,536	$18,639,994	$-143,127,315

Baptist Health Medical Group Inc