Baptist Health Richmond Inc

EIN: 610461940 501(c)(3)

Louisville, KY

Total Revenue
$105,302,540
Total Expenses
$101,887,388
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1892
Legal Domicile
KY
Principal Officer
Stephen R Oglesby
Phone
5028965000
Tax Period
2018-09-01 to 2019-08-31

Baptist Health Richmond Inc, founded in 1892, is a major nonprofit that reported $105.3M in total revenue in fiscal year 2018. Expenses of $101.9M left a modest 3% surplus.

Mission

The mission of Baptist Health Richmond is to exemplify our Christian heritage of providing quality healthcare services by enhancing the health of the people and communities we serve. Baptist Health Richmond, Inc., a Kentucky nonprofit corporation, merged with its sole corporate member, Baptist Healthcare System, Inc. ("Baptist Health"), a Kentucky nonprofit corporation, effective September 1, 2019. Baptist Health Richmond will continue its operations as an unincorporated operating division of Baptist Healthcare System, Inc. (FEIN: 61-0444707). The President of Baptist Health Richmond as well as the personnel having control over the Baptist Health Richmond's licensed activities has not changed due to the merger. The merger simplifies the corporate structure of Baptist Healthcare System, Inc. allowing Baptist Health Richmond to continue to provide outstanding care to our communities in furtherance of Baptist Health's charitable mission, vision and values.

Program Service Accomplishments

Program 1
Expenses: $92,581,980 Revenue: $98,691,813

Program Accomplishments: Baptist Health Richmond is a fully accredited, non-profit 501 (c) (3) hospital in Richmond, Kentucky. Licensed for 105 beds, Baptist Health Richmond is a rural, acute care...

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Program Accomplishments: Baptist Health Richmond is a fully accredited, non-profit 501 (c) (3) hospital in Richmond, Kentucky. Licensed for 105 beds, Baptist Health Richmond is a rural, acute care facility. Established in 1892, the hospital has served Madison and surrounding counties with primary and secondary services for more than a century. Its core programs include inpatient, outpatient, diagnostic and community services. The hospital offers 19 points of care in a full continuum from inpatient care to rehab services to home care, with a vast network of healthcare providers for patients in the Richmond area. Services include cardiac surgery and rehabilitation; orthopedics and spine care; occupational, physical and respiratory therapy; a full range of women's health and childbirth services; cancer care; diabetic treatment; a sleep disorders center and a retail pharmacy. The hospital offers outpatient surgery and infusion services on campus. Diagnostic services include a clinical laboratory; CT; MRI and radiologic imaging; nuclear medicine; cardiac catheterization and angioplasty. Staffed with board-certified emergency physicians and nurses, the Emergency Department treats more than 31,000 patients a year and trains for disaster preparedness annually with the federal government's Chemical Stockpile Emergency Preparedness Program (CSEPP). The original hospital mission-to care for all members of our community regardless of their race, creed or ability to pay still guides the hospital today. Seventy-five thousand patients sought care at Baptist Health Richmond last year; many of them were among the area's rural poor. More than one third of its patients are from low-income households or underserved populations, and 97% of them live in Appalachia. BHR has charity care policies and procedures in place to determine a patient's ability to pay for services. BHR operates an emergency department that is open 24 hours a day, every day where patients are treated without regard to their ability to pay. BHR provided inpatient services to the citizens of Madison and surrounding counties, with 3,303 inpatients admitted, 7,495 surgical services performed and 471 newborns delivered during the twelve months ended August 31, 2019. The hospital is an active community partner, working with local government, businesses and civic organizations, education systems and social service agencies to strengthen the community and provide opportunities for those less fortunate.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $232,010
Program Service Revenue $98,691,813
Investment Income $1,669,615
Other Revenue $4,709,102
TOTAL REVENUE $105,302,540

Expense Breakdown

Grants Paid $186,712
Salaries & Benefits $36,871,024
Fundraising Expenses $0
Program Expenses $92,581,980
Other Expenses $64,829,652
TOTAL EXPENSES $101,887,388

Year-over-Year Comparison

2018 2017 Change
Revenue $105,302,540 $104,013,513 +0.0%
Expenses $101,887,388 $93,470,353 +0.1%
Net Income $3,415,152 $10,543,160 -0.7%
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
661
Volunteers
70

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
8
$4,303,219
Total Directors
9
$116,195
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Douglas G Owen DMD Director 2.00
Director
$0 $0 $3,000
Earl Baldwin Director & Vice Chair 2.00
Officer Director
$0 $0 $3,000
Harry Moberly Jr Director 2.00
Director
$0 $0 $3,000
Helen Fardo Director 2.00
Director
$0 $0 $3,000
Jeffrey Fultz Director & Chair 2.00
Officer Director
$0 $0 $3,000
Kristi Runyon Middleton Director 2.00
Director
$0 $0 $3,000
Laura S Steidle Director 2.00
Director
$0 $0 $3,000
Rizwan Akhtar MD Director 2.00
Director
$0 $0 $92,195
Stephen B Gates Director 2.00
Director
$0 $0 $3,000
Gerard Colman CEO 1.00
Officer
$0 $247,615 $2,526,526
Greg G Gerard President 40.00
Officer
$0 $34,908 $283,199
Janet Norton Secretary & Vice President 1.00
Officer
$0 $36,511 $676,698
Linda M Park Asst Secretary (Through 2/25/19) 40.00
Officer
$51,746 $13,172 $64,918
Stephen R Oglesby Treasurer & Vice President 1.00
Officer
$0 $111,375 $696,376
Tameria Simpson Asst. Secretary (Effective 2/26/19) 40.00
Officer
$46,876 $2,626 $49,502
Cathy Edwards Pharmacist 40.00
Highest
$142,854 $14,080 $156,934
Daniel Moses Pharmacist 40.00
Highest
$150,615 $13,935 $164,550
Donna Poindexter Pharmacist 40.00
Highest
$133,571 $12,292 $145,863
Kimberly Richards Pharmacist 40.00
Highest
$177,135 $6,897 $184,032
Sheila M Johnson Pharmacist 40.00
Highest
$133,409 $13,287 $146,696
Stephen C Hanson CEO (Through 3/21/2017) 0.00
$0 $3,924 $827,148
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
2019 $105,302,540 $101,887,388 No data $3,415,152
2018 $104,013,513 $93,470,353 $88,522,267 $10,543,160
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