BAPTIST HEALTH FOUNDATION INC

EIN: 473403762 501(c)(3) Health Care

JACKSON, MS

Total Revenue
$2,412,219
Total Expenses
$2,758,672
Total Assets
$31,809,287
Net Assets
$25,970,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MS
Principal Officer
JASON M LITTLE
Phone
6019681489
Tax Period
2023-10-01 to 2024-09-30

BAPTIST HEALTH FOUNDATION INC, founded in 2015, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

BAPTIST HEALTH FOUNDATION, INC. RAISES FUNDS TO SUPPORT THE CHARITABLE HEALTH CARE MISSION OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. AND ITS AFFILIATED TAX EXEMPT ENTITIES.

Program Service Accomplishments

Program 1
Expenses: $2,505,590 Revenue: $0

BAPTIST HEALTH FOUNDATION, INC., ESTABLISHED IN 1989, IS THE FUNDRAISING ARM OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC., WHICH RAISES MONEY TO BENEFIT VARIOUS MISSISSIPPI BAPTIST MEDICAL CENTER...

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BAPTIST HEALTH FOUNDATION, INC., ESTABLISHED IN 1989, IS THE FUNDRAISING ARM OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC., WHICH RAISES MONEY TO BENEFIT VARIOUS MISSISSIPPI BAPTIST MEDICAL CENTER, INC. PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. HELP ACCOMPLISH MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE AND HOSPITAL AND CLINICAL EDUCATION. BAPTIST HEALTH FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST HEALTH FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF MISSISSIPPI BAPTIST MEDICAL CENTER, INC. BAPTIST HEALTH FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY MISSISSIPPI BAPTIST MEDICAL CENTER, INC. FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST HEALTH FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS. BAPTIST HEALTH FOUNDATION, INC. SPONSORS SEVERAL FUNDRAISING EVENTS THROUGHOUT THE YEAR. "HEARTS & CLUBS" GOLF TOURNAMENT IS AN ANNUAL EVENT THAT RAISES MONEY FOR BAPTIST HEART AND CARDIOVASCULAR SERVICES. OVER 100 GOLFERS PARTICIPATE IN A SCRAMBLE-STYLE TOURNAMENT HOSTED BY BAPTIST HEALTH FOUNDATION, INC. EVENT PROCEEDS ARE COLLECTED THROUGH CORPORATE SPONSORSHIPS, TEAM ENTRIES, AND IN-KIND DONATIONS. "FUND FOR THE GIRLS", MISSISSIPPI BAPTIST MEDICAL CENTER, INC.'S BREAST HEALTH INITIATIVE, PROVIDES BREAST SERVICES FREE OF CHARGE TO THOSE IN NEED, INCLUDING SCREENING AND DIAGNOSTIC MAMMOGRAMS, ULTRASOUNDS, BIOPSIES, AND OTHER SERVICES MEDICALLY INDICATED. SUPPORT COMES FROM COMMUNITY DONATIONS INCLUDING INDIVIDUALS, BUSINESSES, SCHOOLS, PHYSICIANS, BAPTIST EMPLOYEES, PATIENTS, AND BOARD MEMBERS. VARIOUS EVENTS ARE HELD THROUGHOUT THE YEAR, ESPECIALLY DURING THE FALL. IF YOU WOULD LIKE MORE INFORMATION ON BAPTIST HEALTH FOUNDATION, INC., PLEASE VISIT OUR WEBSITE AT HTTPS://BAPTISTHEALTH.FOUNDATION/.

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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 $1,971,804
Program Service Revenue $0
Investment Income $466,979
Other Revenue $-26,564
TOTAL REVENUE $2,412,219

Expense Breakdown

Grants Paid $2,035,587
Salaries & Benefits $550,863
Fundraising Expenses $180,772
Program Expenses $2,505,590
Other Expenses $172,222
TOTAL EXPENSES $2,758,672

Year-over-Year Comparison

2023 2022 Change
Revenue $2,412,219 $2,114,148 +0.1%
Expenses $2,758,672 $2,471,153 +0.1%
Net Income $-346,453 $-357,005 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

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Governance

Voting Members
22
Independent Members
19
Employees
N/A
Volunteers
21

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
4
$5,148,764
Total Directors
23
$2,027,299
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY C WATERER MD DIRECTOR 0.23
Director
$0 $93,520 $879,548
BOBBIE K WARE DIRECTOR 0.23
Director
$0 $62,517 $597,175
JAMES A GRANTHAM DIRECTOR 0.23
Director
$0 $74,296 $520,576
ADOLPHUS B BAKER DIRECTOR 0.23
Director
$0 $0 $0
ARTHUR SKIP JERNIGAN DIRECTOR 0.23
Director
$0 $0 $30,000
BILL LAMPTON DIRECTOR 0.23
Director
$0 $0 $0
CANDICE SIMMONS DIRECTOR (AS OF 01/24) 0.23
Director
$0 $0 $0
CHRISTOPHER H COLEMAN DIRECTOR 0.23
Director
$0 $0 $0
DUDLEY D WOOLEY DIRECTOR/CHAIRMAN 0.23
Director
$0 $0 $0
H DOUGLAS HEDERMAN DIRECTOR 0.23
Director
$0 $0 $0
HARRY WALKER DIRECTOR 0.23
Director
$0 $0 $0
JASON S GREENER DIRECTOR 0.23
Director
$0 $0 $0
KURT W METZNER DIRECTOR (THRU 02/24) 0.23
Director
$0 $0 $0
LA'VERNE EDNEY DIRECTOR 0.23
Director
$0 $0 $0
MARGARET MCLARTY DIRECTOR 0.23
Director
$0 $0 $0
MARY E SHAPLEY DIRECTOR 0.23
Director
$0 $0 $0
MELISSA HEDERMAN DIRECTOR 0.23
Director
$0 $0 $0
RICK J CALHOUN DIRECTOR 0.23
Director
$0 $0 $0
ROY D CAMPBELL III DIRECTOR 0.23
Director
$0 $0 $0
THOMAS M UNDERWOOD DIRECTOR 0.23
Director
$0 $0 $0
TOMMY THAMES DIRECTOR 0.23
Director
$0 $0 $0
WILL WALKER III DIRECTOR (AS OF 01/24) 0.23
Director
$0 $0 $0
WILLIAM A ANDY WIMBERLY DIRECTOR 0.23
Director
$0 $0 $0
JASON M LITTLE PRESIDENT 0.23
Officer
$0 $108,222 $3,155,218
GREGORY M DUCKETT SECRETARY 0.23
Officer
$0 $90,318 $1,346,501
WILLIAM F THOMPSON CFO 1.00
Officer
$0 $64,606 $455,098
STEPHEN SNEAD EXECUTIVE DIRECTOR 40.00
Officer
$0 $30,702 $191,947
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 $2,412,219 $2,758,672 $31,809,287 $-346,453
2023 $2,114,148 $2,471,153 $26,508,961 $-357,005
2022 $3,454,153 $3,455,187 $22,891,057 $-1,034
2021 $1,974,823 $2,565,958 $28,464,763 $-591,135
2020 $1,121,985 $1,499,825 $23,742,669 $-377,840
2019 $1,356,746 $1,609,930 $23,232,264 $-253,184
2018 $658,295 $1,363,355 $21,219,750 $-705,060
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