Baptist Healthcare System Inc (EIN 610444707) - 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

1918

Legal Domicile

Principal Officer

Gerard Colman

Phone

5028965000

Tax Period

2023-09-01 to 2024-08-31

Baptist Healthcare System Inc, founded in 1918, is a large national nonprofit in the Health Care sector that reported $4.3B in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.9B left a modest 10% surplus.

Mission

Provide quality healthcare services & enhance the health of the people & communities we serve.

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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 $42,572,688

Program Service Revenue $4,192,465,412

Investment Income $64,553,398

Other Revenue $36,939,907

TOTAL REVENUE $4,336,531,405

Expense Breakdown

Grants Paid $212,926,884

Salaries & Benefits $1,584,838,957

Fundraising Expenses $0

Program Expenses $3,484,580,749

Other Expenses $2,085,584,097

TOTAL EXPENSES $3,883,349,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,336,531,405	$3,692,771,906	+0.2%
Expenses	$3,883,349,938	$3,533,165,433	+0.1%
Net Income	$453,181,467	$159,606,473	+1.8%

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

21334

Volunteers

750

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

$5,541,315

Total Directors

$3,562,911

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerard J Colman PhD	CEO & Director	40.00	Officer Director	$3,115,807	$402,104	$3,517,911
Aaron Thompson PhD	Director (Through 12/31/23)	1.00	Director	$3,000	$0	$3,000
Alan Redditt	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Bonnie Stith	Director	1.00	Director	$3,000	$0	$3,000
Cory Hicks	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Dwain Morris	Director	1.00	Director	$3,000	$0	$3,000
Glenn Leveridge	Director (Through 12/31/23)	1.00	Director	$3,000	$0	$3,000
Jennifer Thomas	Director	1.00	Director	$3,000	$0	$3,000
Kerry M Stemler	Director	1.00	Director	$3,000	$0	$3,000
Lewis Diaz	Director	1.00	Director	$3,000	$0	$3,000
Linda J Thomas PhD	Director	1.00	Director	$3,000	$0	$3,000
Peter E Locken III MD	Director (Through 10/23/23)	1.00	Director	$3,000	$0	$3,000
Rev Dr Terry T Lester	Director (Through 12/31/23)	1.00	Director	$3,000	$0	$3,000
Robert L Hook Jr	Director	1.00	Director	$3,000	$0	$3,000
Tammy Zimmerman	Director	1.00	Director	$3,000	$0	$3,000
Victoria Buster	Director (Through 12/31/23)	1.00	Director	$3,000	$0	$3,000
William B Shircliff	Director	1.00	Director	$3,000	$0	$3,000
William Jeffrey Fultz	Director	1.00	Director	$3,000	$0	$3,000
Richard F Carrico	CFO, Treasurer, VP	40.00	Officer	$883,091	$30,778	$913,869
Janet Norton	Secretary, VP, Chief Legal Officer	40.00	Officer	$1,070,881	$38,654	$1,109,535
Patrick Falvey	System Chief Operating Officer	40.00	Highest	$1,589,511	$220,117	$1,809,628
Isaac Myers MD	Chief Health Integration Officer	20.00	Highest	$1,166,884	$39,786	$1,206,670
Joseph Prather	Chief Strategy Officer(Through 5/24)	40.00	Highest	$945,828	$156,005	$1,101,833
Christopher Roty	Hospital President	40.00	Highest	$834,183	$45,611	$879,794
Angela Mannino	Chief HR, Marketing & Comm Officer	40.00	Highest	$892,090	$73,466	$965,556
Stephen R Oglesby	Former CFO, Treas, VP(Through 1/23)	0.00		$336,248	$7,196	$343,444

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	$4,336,531,405	$3,883,349,938	$5,185,344,282	$453,181,467
2023	$3,692,771,906	$3,533,165,433	$4,563,630,785	$159,606,473
2022	$3,703,027,563	$3,149,011,341	$4,254,824,382	$554,016,222
2021	$3,424,340,732	$2,734,409,007	$4,706,189,081	$689,931,725
2020	$2,507,006,969	$2,165,249,181	$3,706,111,550	$341,757,788
2019	$2,299,934,365	$1,997,900,399	$3,059,532,712	$302,033,966
2018	$2,116,259,710	$1,860,267,322	$2,890,128,218	$255,992,388

Baptist Healthcare System Inc