Baptist Health System Inc (EIN 592487136) - 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 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.

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 $0

Program Service Revenue $451,106,559

Investment Income $-151,668,332

Other Revenue $0

TOTAL REVENUE $299,438,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,617,966

Fundraising Expenses $0

Program Expenses $380,015,551

Other Expenses $190,488,593

TOTAL EXPENSES $451,106,559

Year-over-Year Comparison

	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%

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

3532

Volunteers

N/A

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

$13,037,318

Total Directors

$107,561

Key Employees

Highest Compensated

reported

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

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	$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

Baptist Health System Inc