Baptist Medical Center of Nassau Inc

EIN: 593234721 501(c)(3) Health Care

Jacksonville, FL

Total Revenue
$102,778,662
Total Expenses
$87,844,482
Total Assets
$164,883,114
Net Assets
$145,782,427
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
FL
Phone
9042022883
Tax Period
2023-10-01 to 2024-09-30

Baptist Medical Center of Nassau Inc, founded in 1994, is a major nonprofit in the Health Care sector that reported $102.8M in total revenue in fiscal year 2023. Expenses of $87.8M left a modest 15% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $73,782,998 Revenue: $101,589,432

Baptist Medical Center of Nassau, Inc. (BMCN) is a highly advanced, extremely well-equipped community hospital located on Amelia Island, serving Nassau County and its surrounding area. The hospital...

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Baptist Medical Center of Nassau, Inc. (BMCN) is a highly advanced, extremely well-equipped community hospital located on Amelia Island, serving Nassau County and its surrounding area. The hospital provides a full spectrum of inpatient and outpatient services and 24-hour emergency care. The medical staff includes highly trained physicians in 26 different specialties along with a 24/7 hospitalist program. BMCN is an accredited chest pain center, acute stroke readiness hospital and has earned ANCC magnet recognition for excellence in patient care and named top general hospital by the LeapFrog Group with safety grade A. Baptist Nassau offers many advanced services and technologies not typically seen in a community hospital including a 30,000 square foot surgery/procedural center, advanced imaging (128-channel CT and MRI), breast health program with digital 3D mammography, 24/7 intensivist coverage ICU through telemedicine, non-invasive cardiology and cardiac rehabilitation center. Inpatients are cared for in a modernized building, which offers 48 private patient suites. BMCN was one of the first community hospitals in the nation to convert to an electronic medical record system. Baptist Medical Center of Nassau is fully integrated within a five-hospital system of Baptist Health System, Inc. (BHS). Inpatient pediatric care is provided by Wolfson Children's Hospital in Jacksonville. During the fiscal year, there were 493 employees, 62 beds, 4,611 admissions accounting for 13,695 patient days, and 23,146 emergency room visits. As part of BHS, the region's only community-owned, faith-based healthcare system, BMCN is committed to improving the health of everyone in its community, regardless of their ability to pay. BMCN provided the following uncompensated care and community benefit for the fiscal year ended September 30, 2024: (1) charity care, $5.0 million, (2) unreimbursed Medicare costs, $14.0 million, and (3) specific community programs, $1.5 million, for a total of $20.5 million of uncompensated care and community benefit. BMCN's primary focus is addressing unmet health needs, particularly among vulnerable populations who have limited resources and access to health care. BMCN has gone beyond the delivery of essential health care to improve the lives of individuals and the overall quality of life in our region. Baptist health's community health committee guides the community health efforts. This committee provides strategic direction related to community health activities and ensures focus on key priorities that align with Baptist health's mission. A cornerstone of our commitment to the community is caring for the health of vulnerable, uninsured and underserved people among us. One of BMCN's guiding principles of community health is to collaborate with other local organizations to leverage our collective expertise and strength for the health benefits of the community. This collaborative approach helps ensure efficiency and avoids duplication of effort, resulting in enhancement of the lives of area residents at every life stage and income level. BMCN community health needs assessment includes: (1) access to care (2) mental and behavioral health (3) poverty (4) chronic disease (5) maternal and child health (6) transportation, (7) housing, (8) Cancer and (9) social determinants of health.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $169,000
Program Service Revenue $101,589,432
Investment Income $1,008,255
Other Revenue $11,975
TOTAL REVENUE $102,778,662

Expense Breakdown

Grants Paid $1,061,142
Salaries & Benefits $43,565,655
Fundraising Expenses $0
Program Expenses $73,782,998
Other Expenses $43,217,685
TOTAL EXPENSES $87,844,482

Year-over-Year Comparison

2023 2022 Change
Revenue $102,778,662 $97,505,938 +0.1%
Expenses $87,844,482 $82,810,276 +0.1%
Net Income $14,934,180 $14,695,662 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
518
Volunteers
131

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
9
$7,734,901
Total Directors
10
$4,033,601
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jodi H Henson Vice Chair/Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
Karen Hackett Chair 0.5
Officer Director
$0 $0 $0
Matthew A Zuino Interim Vice President through 09.13.24 0.5
Officer Director
$0 $154,075 $1,577,184
Michael A Mayo DHA President 0.5
Officer Director
$0 $55,718 $2,456,417
Brandy Bateman Carvalho Director 0.1
Director
$0 $0 $0
Daniel C Rowland Director 0.1
Director
$0 $0 $0
Janice Ancrum Director 0.1
Director
$0 $0 $0
Melanie Wright Director 0.1
Director
$0 $0 $0
Michael Ammiano Director 0.1
Director
$0 $0 $0
Michael Howington MD Director 0.1
Director
$0 $0 $0
Ed T Hubel Vice President through 03.27.24 40.0
Officer
$559,769 $107,118 $666,887
G Scott Baity Esq Asst. Secretary 0.3
Officer
$0 $133,808 $1,052,314
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
Tara Beth Anderson Vice President 0.5
Officer
$0 $0 $0
Kellene H Sauls VP, Patient Care Services- NAS 40.0
Highest
$310,327 $37,759 $348,086
Kelly Weeks Leeper Assoc Dir, Nursing 40.0
Highest
$152,138 $28,033 $180,171
Stephen H Bean Pharmacist 40.0
Highest
$165,445 $36,683 $202,128
Valerie Mary Smith Dir, Surgical Services 40.0
Highest
$163,334 $32,968 $196,302
William Berry Ivey Dir, Pharmacy - NAS 40.0
Highest
$192,718 $14,069 $206,787
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 $102,778,662 $87,844,482 $164,883,114 $14,934,180
2023 $97,505,938 $82,810,276 $155,041,339 $14,695,662
2022 $90,459,003 $83,193,890 $154,074,447 $7,265,113
2021 $94,524,968 $78,610,919 $171,793,369 $15,914,049
2020 $82,875,770 $69,204,151 $163,233,479 $13,671,619
2019 $82,012,941 $65,728,058 $151,737,462 $16,284,883
2018 $80,396,276 $63,486,694 $136,613,469 $16,909,582
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