BAPTIST MEMORIAL HEALTH CARE CORPORATION (EIN 581521475) - 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

1954

Legal Domicile

Principal Officer

JASON M LITTLE

Phone

9012277014

Tax Period

2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HEALTH CARE CORPORATION, founded in 1954, is a major nonprofit in the Health Care sector that reported $351.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $1.1B represent 38 months of operating reserves.

Mission

BAPTIST MEMORIAL HEALTH CARE CORPORATION IS THE SOLE MEMBER OF A NUMBER OF HOSPITALS, MINOR MEDICAL CENTERS, HOME CARE AND HOSPICE SERVICES, AND PHYSICIAN SERVICES IN WEST TENNESSEE, NORTH AND CENTRAL MISSISSIPPI, AND EAST ARKANSAS. IN ADDITION, BAPTIST MEMORIAL HEALTH CARE CORPORATION SUPPLIES MANAGEMENT, CONSULTING, AND SUPPORT SERVICES TO THESE ORGANIZATIONS THROUGH ITS CORPORATE STAFF.

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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 $923,287

Program Service Revenue $281,281,535

Investment Income $11,927,440

Other Revenue $57,113,318

TOTAL REVENUE $351,245,580

Expense Breakdown

Grants Paid $899,784

Salaries & Benefits $179,003,441

Fundraising Expenses $0

Program Expenses $365,160,412

Other Expenses $198,362,635

TOTAL EXPENSES $378,265,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,245,580	$280,996,342	+0.3%
Expenses	$378,265,860	$319,820,836	+0.2%
Net Income	$-27,020,280	$-38,824,494	-0.3%

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

1783

Volunteers

100

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

$28,054,056

Total Directors

$3,275,258

Key Employees

$337,782

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON M LITTLE	PRESIDENT & CEO	32.24	Officer Director	$3,046,996	$108,222	$3,155,218
STEPHEN C REYNOLDS	PRESIDENT - EMERITUS	39.80	Officer Director	$90,027	$13	$90,040
ALLEN B PUCKETT III	CHAIRMAN (AS OF 1/24)/DIRECTOR	0.75	Director	$0	$0	$0
ALVENO CASTILLA	DIRECTOR (AS OF 01/24)	0.23	Director	$0	$0	$0
ARTHUR SKIP JERNIGAN	DIRECTOR (AS OF 01/24)	0.23	Director	$0	$0	$30,000
CANDACE STEELE FLIPPIN	DIRECTOR	0.23	Director	$0	$0	$0
DALE MORRIS MD	DIRECTOR	0.75	Director	$0	$0	$0
DOROTHY CLEAVES	DIRECTOR	0.75	Director	$0	$0	$0
DR JOHN STANFORD	DIRECTOR	0.75	Director	$0	$0	$0
JAMES KIRKLAND	DIRECTOR	0.75	Director	$0	$0	$0
JAMES M GLASGOW	DIRECTOR	0.23	Director	$0	$0	$0
JEFF FARNHAM	DIRECTOR	0.75	Director	$0	$0	$0
LAUREN WILSON YOUNG	DIRECTOR	0.75	Director	$0	$0	$0
MICHAEL CARY	CHAIRMAN (THRU 12/23)/DIRECTOR	0.75	Director	$0	$0	$0
MURRAY BENTON	DIRECTOR	0.75	Director	$0	$0	$0
RHODES THOMPSON	DIRECTOR	0.75	Director	$0	$0	$0
ROBERT M GATHINGS JR	DIRECTOR	0.75	Director	$0	$0	$0
WATSON BELL	DIRECTOR	0.23	Director	$0	$0	$0
ZACHARY R CHANDLER	EVP/CHIEF STRATEGY OFFICER	39.54	Officer	$1,445,161	$95,387	$1,540,548
WILLIAM A GRIFFIN	EXECUTIVE VP & CFO (THRU 10/23)	38.81	Officer	$1,314,415	$66,668	$1,381,083
GREGORY M DUCKETT	EVP, CHIEF LEGAL OFF. & SEC.	32.02	Officer	$1,256,183	$90,318	$1,346,501
GARY C ANDERSON	EVP AND CHIEF OPERATIONS OFFICER	33.09	Officer	$1,212,139	$88,606	$1,300,745
MARK E SWANSON MD	VICE PRESIDENT	19.66	Officer	$1,195,822	$24,823	$1,220,645
SAJU JOY MD	SR VP/CMO/CHF PHYS EXEC (THRU 02/24)	39.90	Officer	$956,940	$67,782	$1,024,722
THOMAS BARNETT	VP/CIO	40.00	Officer	$844,364	$59,784	$904,148
NANCY AVERWATER	SR. VP/CHIEF HUMAN RESOURCES OFFICER	39.80	Officer	$786,790	$99,269	$886,059
DERICK B ZIEGLER	VP AND CHIEF TRANSFORMATION OFFICER	40.00	Officer	$797,708	$71,613	$869,321
DAVID R ELLIOTT	VP MANAGED CARE (THRU 10/23)	40.00	Officer	$724,958	$96,580	$821,538
BRAD H PARSONS	VP-WTN/AR REGIONAL OPERATIONS	38.39	Officer	$695,314	$70,403	$765,717
EDWIN P CADE	VP - METRO OPERATIONS (AS OF 10/23)	1.00	Officer	$617,508	$105,548	$723,056
RONALD WACHSMAN	VP-MANAGED CARE AND CRCO	40.00	Officer	$578,847	$51,843	$630,690
KIMBERLY O YOUNG	EXECUTIVE VP & CFO (AS OF 11/23)	38.81	Officer	$572,539	$47,942	$620,481
BOBBIE K WARE	CEO MS BAPTIST MEDICAL CENTER	0.00	Officer	$534,658	$62,517	$597,175
MARY E SUMRALL	VP/CHIEF NURSING EXEC.	35.62	Officer	$507,972	$74,160	$582,132
JUSTIN RHODES	VP-CEO BMG/VP-POST ACUTE & CONN CARE	35.34	Officer	$441,335	$84,677	$526,012
JAMES A GRANTHAM	VP OF MS OPERATIONS	39.08	Officer	$446,280	$74,296	$520,576
JOHN G ANDERSON	PRESIDENT/CEO ARMC	0.00	Officer	$0	$108,960	$517,573
WILLIAM CLOUD MD	VP-CHIEF MEDICAL OFF. (AS OF 02/24)	29.86	Officer	$0	$56,774	$512,339
KEITH NORMAN	VP GOV. AFFAIRS & COMM. REL. OFF.	40.00	Officer	$385,601	$76,799	$462,400
DAVID L GARRISON	VP-CORPORATE FINANCE	40.00	Officer	$346,666	$70,868	$417,534
ROBERT COLEMAN	CEO BMH-GOLDEN TRIANGLE	0.00	Officer	$380,977	$26,253	$407,230
SAMUEL S LYND	CEO JONESBORO	0.00	Officer	$338,289	$61,864	$400,153
TERRY MACALADY	VP-HR TALENT AND WORKFORCE	40.00	Officer	$297,974	$91,754	$389,728
BRIAN K HOGAN	CEO BMH-DESOTO	0.00	Officer	$316,968	$59,997	$376,965
AYOKA POND	VP/CHIEF MRKT. COMM. OFF.	40.00	Officer	$312,004	$59,207	$371,211
SUSAN M BREEDEN	CEO BMH-HUNTINGDON	0.00	Officer	$297,862	$67,775	$365,637
BRIAN WELTON	CEO - BMH-NORTH MISSISSIPPI	0.00	Officer	$306,895	$57,398	$364,293
ANNA K BISHOP	CEO-BOONEVILLE/UNION COUNTY	0.00	Officer	$291,919	$64,091	$356,010
ROBBIE JOHNSON	VP-CHIEF DEV. OFFICER	0.00	Officer	$297,370	$41,780	$339,150
LINDSAY R STENCEL	CEO BMH-COLLIERVILLE	0.00	Officer	$278,143	$57,471	$335,614
BARRY BONDURANT	CEO BMH-UNION CITY	0.00	Officer	$266,908	$61,196	$328,104
CYNDI S PITTMAN	VP-FINANCE OPERATIONS (AS OF 11/23)	6.15	Officer	$44,794	$68,049	$325,087
SKIPPER STEWARD	VP-CHIEF IMPROVEMENT OFFICER	38.62	Officer	$254,934	$63,397	$318,331
SAMUEL PIEH	CEO BMH-CRITTENDEN	0.00	Officer	$162,976	$49,739	$299,814
DARYL WEAVER	CEO BMC-LEAKE	0.00	Officer	$252,551	$42,356	$294,907
PARKER HARRIS	CEO BMH-TIPTON	0.00	Officer	$236,336	$52,494	$291,152
ALLISON K BOSSE	CEO WOMEN'S HOSPITAL	0.00	Officer	$253,728	$21,253	$274,981
CHRISTOPHER THREADGILL	CEO-CALHOUN & NURSING HOME	0.00	Officer	$187,151	$59,829	$246,980
TIMOTHY HAMPTON HOPKINS	VP/COLLEGE PRESIDENT	0.00	Officer	$187,989	$46,899	$234,888
MCCAFFERTY W FLYNT	CEO-ATTALA AND YAZOO	0.00	Officer	$161,464	$38,427	$199,891
MARK KELLY	CEO RESTORATIVE CARE/SKILLED NURSING	0.00	Officer	$103,352	$14,325	$117,677
JILLIAN FOSTER	SYSTEM PHARMACY DIRECTOR	40.00	Key Emp	$283,765	$54,017	$337,782
NICHOLAS ECONOMIDES	ASSOCIATE CMO	40.00	Highest	$377,467	$72,802	$450,269
MICHAEL K STEVENS	EXECUTIVE DIRECTOR-BUS. DEV.	40.00	Highest	$286,373	$37,002	$323,375
WAID RAY	ASSOCIATE CHIEF COUNSEL	40.00	Highest	$250,995	$72,330	$323,325
KIMBERLY D HALLUM STEWART	SYSTEM ADMINISTRATOR-NEUROLOGY	40.00	Highest	$222,357	$66,031	$288,388
ARTHUR F MAPLES	DIRECTOR-GOVERNMENT OPERATIONS	40.00	Highest	$243,985	$40,904	$284,889
PAUL D DEPRIEST MD	FORMER EXECUTIVE VP & COO	0.00		$2,071,866	$85,100	$2,156,966
RANDY J KING	FORMER VICE PRESIDENT OF METRO OPS.	0.00		$1,180,717	$30,141	$1,210,858
BETTY SUE MCGARVEY	FORMER COLLEGE PRESIDENT	0.00		$298,081	$42,812	$340,893
WILLIAM C HENNING	FORMER CEO BMH-NORTH MISSISSIPPI	0.00		$225,277	$26,808	$252,085

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	$351,245,580	$378,265,860	$1,681,521,746	$-27,020,280
2023	$280,996,342	$319,820,836	$1,361,642,699	$-38,824,494
2022	$278,710,064	$304,295,025	$1,455,938,740	$-25,584,961
2021	$249,640,612	$307,295,475	$1,693,307,701	$-57,654,863
2020	$251,637,835	$295,498,745	$1,695,411,739	$-43,860,910
2019	$230,714,665	$259,306,587	$1,379,404,177	$-28,591,922
2018	$240,166,308	$248,443,088	$1,356,646,869	$-8,276,780

BAPTIST MEMORIAL HEALTH CARE CORPORATION