Baptist Health Foundation Lexington Inc (EIN 611480774) - 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

2003

Legal Domicile

Principal Officer

Christopher Roty

Phone

8592606105

Tax Period

2023-09-01 to 2024-08-31

Baptist Health Foundation Lexington Inc, founded in 2003, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 5% surplus.

Mission

To assist, advance & strengthen Baptist Health Lexington Hospital.

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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 $2,546,888

Program Service Revenue $0

Investment Income $67,594

Other Revenue $0

TOTAL REVENUE $2,614,482

Expense Breakdown

Grants Paid $1,869,672

Salaries & Benefits $517,548

Fundraising Expenses $198,478

Program Expenses $1,869,672

Other Expenses $106,996

TOTAL EXPENSES $2,494,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,614,482	$1,749,427	+0.5%
Expenses	$2,494,216	$2,558,123	0.0%
Net Income	$120,266	$-808,696	-1.1%

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

Volunteers

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

$3,247,987

Total Directors

$879,794

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Akasha Hira	Director	1.00	Director	$0	$0	$0
Brett Setzer	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Bryan Fuller	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
C Joseph Beavin	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Christine Stanley	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Christopher Roty	President & Director	1.00	Officer Director	$0	$45,611	$879,794
Debbie Sutherland-Comley	Director	1.00	Director	$0	$0	$0
Dr James E Miller	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Jim Allison	Director	1.00	Director	$0	$0	$0
Kristi Lykins	Director (Effective 3/26/24)	1.00	Director	$0	$0	$0
Lee Carter	Chair (Through 12/31/23) & Dir	1.00	Officer Director	$0	$0	$0
Lisa Tomassoni	Director	1.00	Director	$0	$0	$0
Marc Taylor	Director	1.00	Director	$0	$0	$0
Marta S Hayne MD	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Mike Edwards	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Mike Towles	Vice Chair (Effective 1/1/24) & Dir	1.00	Officer Director	$0	$0	$0
Mollie Brennan	Director (Effective 1/1/24)	1.00	Director	$0	$0	$0
Patricia E Takacs DMD	Director (Through 12/31/23)	1.00	Director	$0	$0	$0
Patty Smith	Chair (Effective 1/1/24) & Dir	1.00	Officer Director	$0	$0	$0
Randy Shelley	Director	1.00	Director	$0	$0	$0
Ron Turner	Director	1.00	Director	$0	$0	$0
Sammy Leslie	Director	1.00	Director	$0	$0	$0
Stephen M Manella	Director	1.00	Director	$0	$0	$0
Janet Norton	Secretary	1.00	Officer	$0	$38,654	$1,109,535
Karen Hutson	Assistant Secretary	40.00	Officer	$0	$22,208	$66,585
Richard Carrico	Treasurer	1.00	Officer	$0	$30,778	$913,869
Stephanie Doom	Asst Treasurer	1.00	Officer	$0	$22,139	$278,204
Amanda Henson	Former VP (Through 8/1/19)	0.00		$0	$21,055	$434,122
James Borders MD	Former VP (Through 1/26/22)	0.00		$0	$3,915	$203,821
Stephen R Oglesby	Former Treasurer (Through 1/6/23)	0.00		$0	$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	$2,614,482	$2,494,216	$6,258,968	$120,266
2023	$1,749,427	$2,558,123	$5,639,801	$-808,696
2022	$4,760,030	$894,701	$6,030,860	$3,865,329
2021	$1,778,583	$911,758	$2,891,845	$866,825
2020	$1,051,566	$842,474	$2,426,601	$209,092
2019	$434,154	$609,349	$2,053,224	$-175,195
2018	$472,973	$319,940	$2,005,792	$153,033

Baptist Health Foundation Lexington Inc