BAPTIST MEMORIAL HEALTH CARE FOUNDATION INC

EIN: 581544781 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$47,466,152
Total Expenses
$19,681,578
Total Assets
$737,198,481
Net Assets
$727,172,977
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
TN
Principal Officer
JASON M LITTLE
Phone
9012277142
Tax Period
2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HEALTH CARE FOUNDATION INC, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $47.5M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27.8M, a strong 59% operating margin.

Mission

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., THE FUNDRAISING ARM OF BAPTIST MEMORIAL HEALTH CARE CORPORATION, RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES.FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS.

Program Service Accomplishments

Program 1
Expenses: $17,730,858 Revenue: $0

BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., ESTABLISHED IN 1983, IS THE FUNDRAISING ARM OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM WHICH RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH...

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BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC., ESTABLISHED IN 1983, IS THE FUNDRAISING ARM OF THE BAPTIST MEMORIAL HEALTH CARE SYSTEM WHICH RAISES MONEY TO BENEFIT VARIOUS BAPTIST MEMORIAL HEALTH CARE CORPORATION PROGRAMS AND SERVICES. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. HELP ACCOMPLISH BAPTIST MEMORIAL HEALTH CARE CORPORATION'S CHARITABLE CARE OBJECTIVES AND PROVIDE RESOURCES FOR ENHANCED PATIENT CARE, EDUCATION, AND GROUNDBREAKING CLINICAL RESEARCH. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. SOLICITS, RECEIVES, AND MANAGES CONTRIBUTIONS, GIFTS, GRANTS, AND BEQUESTS. FUNDS RAISED BY BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PLAY A KEY ROLE IN FULFILLING THE MISSION OF HEALING, PREACHING, AND TEACHING FOR THE AFFILIATES OF BAPTIST MEMORIAL HEALTH CARE CORPORATION. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS CONTRIBUTED DOLLARS THROUGH NUMEROUS DONOR RESTRICTED FUNDS WHICH SUPPORT THE CONTINUUM OF CARE OFFERED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION FACILITIES INCLUDING ONCOLOGY, CARDIOVASCULAR, PEDIATRIC, AND REHABILITATIVE SERVICES, JUST TO NAME A FEW. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ALSO ALLOCATES A PORTION OF UNRESTRICTED CONTRIBUTED DOLLARS AND PORTFOLIO EARNINGS FOR THE BENEFIT OF ITS VARIOUS GRANT PROGRAMS.BOARD OF DIRECTORS GRANT PROGRAM BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S BOARD OF DIRECTORS GRANT PROGRAM HAS MADE AVAILABLE THE NECESSARY FUNDS TO EXPAND EXISTING SERVICES AND PROGRAMS THROUGHOUT THE SYSTEM CREATING A NUMBER OF NEW AND EXCITING INITIATIVES. THE FUNDS MADE AVAILABLE FOR THE BOARD OF DIRECTORS GRANT PROGRAM HAVE COME THROUGH UNRESTRICTED CONTRIBUTIONS, AS WELL AS, CAREFUL INVESTMENT OF THE BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S ENDOWMENT.THE FOLLOWING PROGRAMS RECEIVED NEW FUNDING DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024:EPILEPSY AND FUNCTIONAL NEUROSURGERY PROGRAM: THIS GRANT WILL FUND START-UP COSTS FOR A COMPREHENSIVE FUNCTIONAL NEUROSURGERY PROGRAM AT BAPTIST MEMORIAL HOSPITAL-MEMPHIS FOR EPILEPSY AND OTHER NEURODEGENERATIVE DISORDERS. BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES, INC. SONOGRAPHY PROGRAM EXPANSION: THIS GRANT WILL EXPAND THE DIAGNOSTIC MEDICAL SONOGRAPHY PROGRAM OFFERED AT BAPTIST HEALTH SCIENCES UNIVERSITY TO AN OFF CAMPUS INSTRUCTIONAL SITE IN JACKSON, MISSISSIPPI IN COLLABORATION WITH BAPTIST MEMORIAL HOSPITAL-MISSISSIPPI BAPTIST MEDICAL CENTER. INTERSTITIAL LUNG DISEASE MULTIDISCIPLINARY PROGRAM: THIS GRANT WILL ESTABLISH THE REGION'S FIRST MULTIDISCIPLINARY PROGRAM TO DIAGNOSE AND TREAT PATIENTS WITH INTERSTITIAL LUNG DISEASE.BAPTIST CENTER FOR GOOD GRIEF PROGRAM EXPANSION: THIS GRANT WILL EXPAND THE CENTER'S CLINICAL MODEL TO INCLUDE TWO ADDITIONAL SERVICE LINES OF CARE: 1) COMMUNITY EDUCATION & TRAINING AND 2) COMMUNITY RESPONSE & ADVOCACY. OFFICER GRANTSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC.'S OFFICER GRANT PROGRAM ALLOWS OFFICERS AND BOARD MEMBERS OF BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. TO FACILITATE SMALLER GRANT REQUESTS ($100,000 AND LESS) WITH A HEALTH-RELATED FOCUS. SOME OF THE INITIATIVES AND ORGANIZATIONS ASSISTED THROUGH THESE GRANT PROGRAMS INCLUDE:SUPPORT FOR COMMUNITY OUTREACH PROJECTS TO INCLUDE EXPANSION OF FREE GRIEF SERVICES AT MILLA'S HOUSE AND THE GRIEF CENTER IN COLLIERVILLE, TENNESSEE, ROOM AND BOARD COSTS FOR INDIGENT PATIENTS AT THE HOSPICE HOUSE, CANCER PATIENT ASSISTANCE EVENTS IN MEMPHIS, MERIDIAN, OXFORD AND JONESBORO, AND THE BIG BLUE MOBILE CLINIC WHICH PROVIDES FREE AND REDUCED COST HEALTH CARE SERVICES TO RESIDENTS OF NORTHEAST ARKANSAS AND MEETING THE NEEDS OF THE UNDERSERVED. DONOR-RESTRICTED FUNDSBAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. ADMINISTERS A NUMBER OF DONOR-RESTRICTED FUNDS WHICH PROVIDE BENEFITS TO PATIENTS OF THE AFFILIATE HOSPITALS AS WELL AS THE COMMUNITY AT LARGE. BAPTIST MEMORIAL HEALTH CARE FOUNDATION, INC. PROVIDES SUPPORT FOR BOTH THE CHARITY NEEDS OF PATIENTS AND EMPLOYEES THROUGH CHARITABLE CARE AND EMPLOYEE EMERGENCY ASSISTANCE FUNDS.

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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 $11,138,535
Program Service Revenue $0
Investment Income $36,705,880
Other Revenue $-378,263
TOTAL REVENUE $47,466,152

Expense Breakdown

Grants Paid $16,548,136
Salaries & Benefits $1,324,053
Fundraising Expenses $408,488
Program Expenses $17,730,858
Other Expenses $1,809,389
TOTAL EXPENSES $19,681,578

Year-over-Year Comparison

2023 2022 Change
Revenue $47,466,152 $67,196,840 -0.3%
Expenses $19,681,578 $18,934,844 +0.0%
Net Income $27,784,574 $48,261,996 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
11
Volunteers
61

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
5
$6,842,433
Total Directors
16
$90,040
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN C REYNOLDS DIRECTOR 0.20
Director
$0 $13 $90,040
ANDREA LEVY DIRECTOR (AS OF 01/24) 0.23
Director
$0 $0 $0
BRANDON ARRINDELL DIRECTOR 0.23
Director
$0 $0 $0
DOUGLAS EDWARDS DIRECTOR 0.23
Director
$0 $0 $0
ERIC BROWN DIRECTOR 0.23
Director
$0 $0 $0
HAL FOGELMAN DIRECTOR 0.23
Director
$0 $0 $0
HENRY W MORGAN SR DIRECTOR 0.23
Director
$0 $0 $0
HOPE DMUCHOWSKI DIRECTOR 0.23
Director
$0 $0 $0
JOHNNIE D AMONETTE DIRECTOR 0.23
Director
$0 $0 $0
KATHLEEN BLAIR CHAIRMAN (THRU 12/23)/DIRECTOR 0.20
Director
$0 $0 $0
KEMMONS WILSON JR DIRECTOR 0.20
Director
$0 $0 $0
NANCY BENTON DIRECTOR 0.23
Director
$0 $0 $0
PACE COOPER CHAIRMAN (AS OF 1/24)/DIRECTOR 0.20
Director
$0 $0 $0
SHANNON BROWN DIRECTOR 0.23
Director
$0 $0 $0
STEVE THRELKELD MD DIRECTOR 0.23
Director
$0 $0 $0
WEBB WILSON DIRECTOR (THRU 12/23) 0.23
Director
$0 $0 $0
JASON M LITTLE PRESIDENT 1.33
Officer
$0 $108,222 $3,155,218
WILLIAM A GRIFFIN CFO (THRU 10/23) 0.10
Officer
$0 $66,668 $1,381,083
GREGORY M DUCKETT SECRETARY 0.20
Officer
$0 $90,318 $1,346,501
KIMBERLY O YOUNG CFO (AS OF 11/23) 0.10
Officer
$0 $47,942 $620,481
ROBBIE JOHNSON VP-CHIEF DEV. OFFICER 40.00
Officer
$0 $41,780 $339,150
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 $47,466,152 $19,681,578 $737,198,481 $27,784,574
2023 $67,196,840 $18,934,844 $607,372,537 $48,261,996
2022 $72,062,339 $16,753,690 $547,466,178 $55,308,649
2021 $54,101,503 $15,974,120 $704,887,527 $38,127,383
2020 $43,129,858 $14,975,151 $586,270,180 $28,154,707
2019 $47,981,896 $11,458,602 $568,611,714 $36,523,294
2018 $42,810,429 $13,099,860 $522,226,747 $29,710,569
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