Baptist Health System Foundation Inc (EIN 592487135) - 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

1983

Legal Domicile

Phone

9042022883

Tax Period

2023-10-01 to 2024-09-30

Baptist Health System Foundation Inc, founded in 1983, is a mid-sized nonprofit that reported $43.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.6M, a strong 43% operating margin.

Mission

To make hope, healing and well-being accessible to every person as an expression of God's love.

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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 $29,359,780

Program Service Revenue $0

Investment Income $13,248,231

Other Revenue $769,485

TOTAL REVENUE $43,377,496

Expense Breakdown

Grants Paid $11,510,523

Salaries & Benefits $3,394,181

Fundraising Expenses $2,332,233

Program Expenses $20,518,661

Other Expenses $9,824,837

TOTAL EXPENSES $24,729,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,377,496	$33,064,858	+0.3%
Expenses	$24,729,541	$23,024,503	+0.1%
Net Income	$18,647,955	$10,040,355	+0.9%

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

N/A

Volunteers

619

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

$4,787,941

Total Directors

$4,370,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cleve Warren	Vice Chair through 03.27.24/Chair	0.5	Officer Director	$0	$0	$0
Dennis Blackburn Esq	Secretary/Treasurer	0.5	Officer Director	$0	$0	$0
Martha Baker	Chair through 03.27.24	0.5	Officer Director	$0	$0	$0
Michael A Mayo DHA	President	0.5	Officer Director	$0	$55,718	$2,456,417
Adam Dimitrov MD	Director	0.1	Director	$0	$5,973	$356,731
Art Graham	Director	0.1	Director	$0	$0	$0
Benjamin Hakimian	Director	0.1	Director	$0	$0	$0
Chris Ball	Director through 03.27.24	0.1	Director	$0	$0	$0
Christina Bryan	Director through 03.27.24	0.1	Director	$0	$0	$0
Christine Granfield MD	Director	0.1	Director	$0	$0	$0
Connie Hodges	Director	0.1	Director	$0	$0	$0
Courtney Lane Reames	Director	0.1	Director	$0	$0	$0
Deborah C Abram MD	Director	0.1	Director	$0	$55,638	$611,097
Don Wolfson	Director	0.1	Director	$0	$0	$0
Elizabeth Langley	Director	0.1	Director	$0	$0	$0
Elli Zimmerman	Director	0.1	Director	$0	$0	$0
Grace Wooten Saber	Director	0.1	Director	$0	$0	$0
Jane E Rollinson	Director	0.1	Director	$0	$0	$0
Julius Demps III	Director	0.1	Director	$0	$0	$0
Kimberly Sisisky	Director	0.1	Director	$0	$0	$0
Kimberly Stein-Tonning	Director through 08.16.24	0.1	Director	$0	$0	$0
Kurt Mori MD	Director	0.1	Director	$0	$0	$0
Lauren Rueger	Director	0.1	Director	$0	$0	$0
Mark Shorstein	Director	0.1	Director	$0	$0	$0
Marsha Oliver	Director	0.1	Director	$0	$0	$0
Pamela Rama Depadua MD	Director	0.1	Director	$0	$31,645	$946,465
Paul Bosland	Director	0.1	Director	$0	$0	$0
Roger Rassman	Director	0.1	Director	$0	$0	$0
Susan DuBow	Director	0.1	Director	$0	$0	$0
Tabitha Furyk	Director through 03.27.24	0.1	Director	$0	$0	$0
Vikram Gopal MD	Director	0.1	Director	$0	$0	$0
Whitney Meyer	Director	0.1	Director	$0	$0	$0
G Scott Baity Esq	Asst. Secretary	0.3	Officer	$0	$133,808	$1,052,314
Kimberly Jones	SVP	0.5	Officer	$0	$51,378	$475,714
T Scott Finnegan	Asst. Treasurer	0.3	Officer	$0	$125,686	$803,496
Brett S McClung	Former President (As of 05.01.21)	0.0		$0	$0	$512,000
Scott M Wooten	Former Asst. Treasurer (As of 12.28.21)	0.0		$0	$0	$800,676

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	$43,377,496	$24,729,541	$368,611,452	$18,647,955
2023	$33,064,858	$23,024,503	$307,356,316	$10,040,355
2022	$66,158,037	$33,012,902	$275,950,155	$33,145,135
2021	$49,455,199	$14,269,232	$315,907,780	$35,185,967
2020	$35,465,249	$18,837,428	$250,345,477	$16,627,821
2019	$39,116,324	$13,242,701	$234,731,837	$25,873,623
2018	$45,711,009	$14,548,845	$215,923,169	$31,162,164

Baptist Health System Foundation Inc