Baptist Medical Center of the Beaches Inc (EIN 592980620) - 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

1989

Legal Domicile

Phone

9042022883

Tax Period

2023-10-01 to 2024-09-30

Baptist Medical Center of the Beaches Inc, founded in 1989, is a major nonprofit in the Health Care sector that reported $218.8M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $36.3M, a strong 17% 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 $221,290

Program Service Revenue $213,658,342

Investment Income $4,918,369

Other Revenue $17,228

TOTAL REVENUE $218,815,229

Expense Breakdown

Grants Paid $1,500,935

Salaries & Benefits $91,970,194

Fundraising Expenses $0

Program Expenses $153,566,069

Other Expenses $89,008,188

TOTAL EXPENSES $182,479,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,815,229	$192,162,227	+0.1%
Expenses	$182,479,317	$175,967,048	+0.0%
Net Income	$36,335,912	$16,195,179	+1.2%

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

1085

Volunteers

120

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

$6,166,705

Total Directors

$4,980,066

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Bucher	Secretary/Treasurer	0.5	Officer Director	$0	$0	$0
Christine Hoffman	Vice Chair	0.5	Officer Director	$0	$0	$0
Keli Joyce Coughlin	Chair	0.5	Officer Director	$0	$0	$0
Michael A Mayo DHA	President	0.5	Officer Director	$0	$55,718	$2,456,417
Debbie Buckland	Director	0.1	Director	$0	$0	$0
Felicia Cox	Director	0.1	Director	$0	$0	$0
Greg Delaney	Director through 03.27.24	0.1	Director	$0	$0	$0
J Francisco Jimenez MD	Director	0.1	Director	$0	$0	$0
Mac Holley	Director	0.1	Director	$0	$0	$0
Matthew A Zuino	Director	0.1	Director	$0	$154,075	$1,577,184
Nancy Broner	Director through 03.27.24	0.1	Director	$0	$0	$0
Pamela Rama Depadua MD	Director	0.1	Director	$0	$31,645	$946,465
G Scott Baity Esq	Asst. Secretary	0.3	Officer	$0	$133,808	$1,052,314
Jarret Dreicer	Vice President	40.0	Officer	$606,942	$68,933	$675,875
Keith A Tickell	Asst. Treasurer	0.3	Officer	$0	$33,489	$1,178,603
T Scott Finnegan	Asst. Treasurer	0.3	Officer	$0	$125,686	$803,496
Eric S Smith	Dir, Imaging/Cardio - BCH	40.0	Highest	$165,410	$19,450	$184,860
Keith Richard Schissler	VP, Ops BMCB/Sys Wide Pharmacy	40.0	Highest	$353,858	$41,570	$395,428
Mark C George	Pharmacist	40.0	Highest	$156,033	$28,928	$184,961
Pamela M Barberi	Dir, Surgical Services	40.0	Highest	$185,400	$18,945	$204,345
Sean Patrick Lynch	VP, Patient Care Services- BCH	40.0	Highest	$312,170	$43,538	$355,708
Brett S McClung	Former President (As of 05.01.21)	0.0		$0	$0	$512,000
Elizabeth R Ransom MD	Former EVP/CPE (As of 08.15.21)	0.0		$0	$0	$105,000
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	$218,815,229	$182,479,317	$289,407,083	$36,335,912
2023	$192,162,227	$175,967,048	$266,741,883	$16,195,179
2022	$185,959,113	$169,817,608	$258,346,649	$16,141,505
2021	$179,446,203	$149,088,269	$282,192,693	$30,357,934
2020	$147,159,584	$133,415,578	$254,766,787	$13,744,006
2019	$143,870,879	$116,791,478	$240,948,820	$27,079,401
2018	$129,560,823	$111,161,380	$219,556,062	$18,399,443

Baptist Medical Center of the Beaches Inc