Baptist Health Foundation Corbin Inc (EIN 473033550) - 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

2014

Legal Domicile

Principal Officer

Angelia Foster

Phone

5028965000

Tax Period

2023-09-01 to 2024-08-31

Baptist Health Foundation Corbin Inc, founded in 2014, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 213% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 75% operating margin.

Mission

The mission of the foundation is to support BH Corbin hospital in their ministry of healing.

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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 $4,411,151

Program Service Revenue $0

Investment Income $15,078

Other Revenue $-3,600

TOTAL REVENUE $4,422,629

Expense Breakdown

Grants Paid $874,784

Salaries & Benefits $150,761

Fundraising Expenses $112,503

Program Expenses $874,784

Other Expenses $60,158

TOTAL EXPENSES $1,085,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,422,629	$1,413,516	+2.1%
Expenses	$1,085,703	$1,378,748	-0.2%
Net Income	$3,336,926	$34,768	+95.0%

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

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

$2,900,678

Total Directors

$2,170,094

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Coppock	Chair & Dir (Through 12/31/23)	1.00	Officer Director	$0	$0	$0
Allison Moore	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Andrew Parks MD	Director	1.00	Director	$0	$45,280	$470,972
Anne Klein Hoskins	Director (Through 10/27/23)	1.00	Director	$0	$0	$0
Anthony Powers	Pres & Dir (Through 2/8/24)	1.00	Officer Director	$0	$50,262	$566,336
Bruce Carpenter	Director	1.00	Director	$0	$0	$0
C William Briscoe	Director	1.00	Director	$0	$0	$0
Carcille Burchette	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
David Worthy MD	Director (Through 12/31/23)	1.00	Director	$0	$42,627	$466,064
Debbie Tipton	Director	1.00	Director	$0	$0	$0
Madgel Miller	Director (Through 12/5/23)	1.00	Director	$0	$0	$0
Mallory Davis	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Matt Bailey	Director (Effective 2/12/24)	1.00	Director	$0	$0	$0
Meghann Chestnut	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Missy Reid	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Seth Reeves	Director	1.00	Director	$0	$0	$0
Stefanie Ebbens-Kingsley	Director (Through 11/8/23)	1.00	Director	$0	$0	$0
Suzie Barton Razmus	Director	1.00	Director	$0	$0	$0
Terri Daniel-Chumbley MD	Director (Through 5/9/24)	1.00	Director	$0	$0	$0
Tim Barnes	Director	1.00	Director	$0	$0	$0
Usha Patil MD	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Wajdi Kfoury MD	Director	1.00	Director	$0	$39,179	$666,722
Janet Norton	Secretary	1.00	Officer	$0	$38,654	$1,109,535
Pamela Jones	Asst Treasurer	1.00	Officer	$0	$20,918	$252,509
Richard Carrico	Treasurer	1.00	Officer	$0	$30,778	$913,869
Whitley Gatliff	Asst Secr (Through 1/24/24)	1.00	Officer	$0	$11,522	$58,429
Stephen R Oglesby	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	$4,422,629	$1,085,703	$3,794,475	$3,336,926
2023	$1,413,516	$1,378,748	$905,387	$34,768
2022	$1,463,524	$1,236,071	$727,167	$227,453
2021	$1,230,718	$1,132,813	$615,307	$97,905
2020	$847,046	$847,099	$653,160	$-53
2019	$990,593	$1,048,033	$894,526	$-57,440
2018	$569,416	$598,123	$739,338	$-28,707

Baptist Health Foundation Corbin Inc