Jacksonville, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Baptist Health System Inc, founded in 1983, is a major nonprofit in the Health Care sector that reported $299.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $451.1M exceeded revenue, resulting in a 51% operating deficit.
To make hope, healing and well-being accessible to every person as an expression of God's love.
Baptist Health System, Inc. (BHS, Inc. or the Parent) is a tax-exempt parent holding company located in Jacksonville, Florida, whose primary purpose is to direct the affairs of a multi-entity health...
Baptist Health System, Inc. (BHS, Inc. or the Parent) is a tax-exempt parent holding company located in Jacksonville, Florida, whose primary purpose is to direct the affairs of a multi-entity health care system (BHS), which includes the following subsidiaries: (1) Southern Baptist Hospital of Florida, Inc. (SBHF) - a tax-exempt organization that operates three acute care hospitals, Baptist Medical Center - Jacksonville (BMCJ), Baptist Medical Center - South (BMCS), and Baptist Medical Center - Clay (BMCC); one children's hospital, Wolfson Children's Hospital (WCH); and four emergency care centers, Baptist Emergency Center Town Center (BMTC), Baptist Emergency Center North (BECN), Baptist Emergency Center Oakleaf (BECO), and Baptist Emergency Center St. Augustine (BESA). The four hospitals have 513, 357, 102, and 257 licensed beds, respectively. (2) Baptist Medical Center of the Beaches, Inc. (BMCB) - a tax-exempt, 146-bed acute care hospital. (3) Baptist Medical Center of Nassau, Inc. (BMCN) - a tax-exempt, 62-bed acute care hospital. (4) Baptist Health Properties, Inc. (BHP) - a tax-exempt real estate holding company. (5) Baptist Health Ambulatory Services, Inc. (ASI) - a tax-exempt entity that engages in healthcare research activities. (6) Pavilion Health Services, Inc. (PHS) - a taxable entity that provides various health care and related support services such as home infusion services, ambulatory care services, and primary care services. (7) Baptist Physician Partners, LLC (BPP) - is a non-taxable, disregarded entity whose sole member is Baptist Health System, Inc., a tax-exempt parent organization. BPP operates a clinically-integrated network intended to achieve improvements in healthcare quality and efficiency in the Northeast Florida community. (8) Baptist Health System Foundation, Inc. (BHSF) - a public foundation with the primary purpose of raising funds to support the activities of the tax-exempt members of BHS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $299,438,227 | $325,472,302 | -0.1% |
| Expenses | $451,106,559 | $443,224,584 | +0.0% |
| Net Income | $-151,668,332 | $-117,752,282 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Asghar A Syed Esq | Treasurer through 03.27.24/Secretary | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Cleve Warren | Treasurer | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Deborah Pass Durham | Vice Chair through 03.27.24/Chair | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Joe Louis Barrow Jr | Chair through 03.27.24 | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Kristi Garside | Vice Chair | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Clint Drawdy | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Craig Shapiro MD | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Diane Raines | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Ilene Levenson MD | Director | 0.1 |
Director
|
$0 | $2,859 | $107,561 |
| John K Anderson Jr | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Kyle Etzkorn MD | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Michael Erhard MD | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Michael Grebe | Director through 03.27.24 | 0.1 |
Director
|
$0 | $0 | $0 |
| Michael K Diaz | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Pamela Chally RNPhD | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Rachel Tutwiler-Fortune | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Rev Kyle T Reese | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Aaron Miri | SVP/CDIO | 40.0 |
Officer
|
$751,563 | $99,723 | $851,286 |
| Andrea Eklund | SVP/CCO | 40.0 |
Officer
|
$98,462 | $0 | $98,462 |
| Bridget Johnson | Interim Privacy Officer through 01.22.24 | 40.0 |
Officer
|
$206,950 | $29,367 | $236,317 |
| Ellen Light | Interim CCO through 11.07.23 | 40.0 |
Officer
|
$335,000 | $42,331 | $377,331 |
| G Scott Baity Esq | SVP/Gen. Counsel/CLO/Asst. Sec. | 37.0 |
Officer
|
$918,506 | $133,808 | $1,052,314 |
| Kathleen M McCann | SVP & CHRO | 40.0 |
Officer
|
$653,772 | $85,277 | $739,049 |
| Keith A Tickell | SVP/CFO/Asst. Treasurer | 37.6 |
Officer
|
$1,145,114 | $33,489 | $1,178,603 |
| Kimberly Jones | SVP & CPO | 0.5 |
Officer
|
$0 | $51,378 | $475,714 |
| Matthew A Zuino | EVP/COO | 37.7 |
Officer
|
$1,423,109 | $154,075 | $1,577,184 |
| Melanie J Husk | SVP/CCO | 40.0 |
Officer
|
$643,126 | $41,370 | $684,496 |
| Michael A Mayo DHA | President/CEO | 36.0 |
Officer
|
$2,400,699 | $55,718 | $2,456,417 |
| T Scott Finnegan | SVP/CTO | 37.7 |
Officer
|
$677,810 | $125,686 | $803,496 |
| Tammy Daniel | SVP/CNO | 40.0 |
Officer
|
$888,124 | $125,528 | $1,013,652 |
| Timothy Groover MD | SVP & System CMO | 39.4 |
Officer
|
$1,130,107 | $167,599 | $1,297,706 |
| Tonia L Teumer | VP/CCO | 40.0 |
Officer
|
$188,900 | $6,391 | $195,291 |
| Catherine A Graham | SVP, Clin Svc Ln & Amb Bus Dev | 40.0 |
Highest
|
$475,522 | $52,983 | $528,505 |
| E Lanier Drew | Counsel, Deputy General | 40.0 |
Highest
|
$479,139 | $71,158 | $550,297 |
| Philip E Boyce | SVP & Chief Revenue Officer | 40.0 |
Highest
|
$722,647 | $23,602 | $746,249 |
| Stacey Johnston | Chief Applications Officer | 40.0 |
Highest
|
$561,403 | $65,738 | $627,141 |
| Tamer Hassan | Physician Advisor | 40.0 |
Highest
|
$469,297 | $36,767 | $506,064 |
| Brett S McClung | Former CEO (As of 05.01.21) | 0.0 |
|
$512,000 | $0 | $512,000 |
| Elizabeth R Ransom MD | Former EVP/CPE (As of 10.18.21) | 0.0 |
|
$105,000 | $0 | $105,000 |
| Scott M Wooten | Former EVP/CFO/Asst. Treasurer (As of 12.28.21) | 0.0 |
|
$800,676 | $0 | $800,676 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $299,438,227 | $451,106,559 | $750,347,242 | $-151,668,332 |
| 2023 | $325,472,302 | $443,224,584 | $614,603,843 | $-117,752,282 |
| 2022 | $328,380,853 | $449,112,711 | $492,086,027 | $-120,731,858 |
| 2021 | $264,640,326 | $334,721,863 | $559,102,542 | $-70,081,537 |
| 2020 | $196,712,642 | $268,669,567 | $501,982,774 | $-71,956,925 |
| 2019 | $182,762,120 | $219,841,258 | $385,417,195 | $-37,079,138 |
| 2018 | $154,404,546 | $194,771,515 | $274,085,754 | $-40,366,969 |
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