Baptist Healthcare System Inc Workers Compensation Trust (EIN 616145328) - 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

1985

Legal Domicile

Principal Officer

Richard F Carrico

Phone

5028965000

Tax Period

2022-01-01 to 2022-12-31

Baptist Healthcare System Inc Workers Compensation Trust, founded in 1985, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2022. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

To provide workers compensation benefits through a self-funded trust and excess insurance.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,128,667

Investment Income $9,549

Other Revenue $0

TOTAL REVENUE $4,138,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,940,451

Other Expenses $4,148,479

TOTAL EXPENSES $4,148,479

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,138,216	$6,805,562	-0.4%
Expenses	$4,148,479	$6,809,037	-0.4%
Net Income	$-10,263	$-3,475	+2.0%

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

N/A

Volunteers

N/A

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

$6,356,747

Total Directors

$3,608,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerard J Colman	CEO & Director	1.00	Officer Director	$0	$329,946	$3,563,038
Aaron Thompson PHD	Director	1.00	Director	$0	$0	$3,000
Bonnie Stith	Director	1.00	Director	$0	$0	$3,000
Dr Terry T Lester	Director	1.00	Director	$0	$0	$3,000
Dwain Morris	Director	1.00	Director	$0	$0	$3,000
Glenn Leveridge	Director	1.00	Director	$0	$0	$3,000
Kerry Stemler	Director	1.00	Director	$0	$0	$3,000
Linda J Thomas PHD	Director	1.00	Director	$0	$0	$3,000
Ramsey Nassar MD	Director	1.00	Director	$0	$0	$3,000
Jenny Oldham	Director	1.00	Director	$0	$0	$3,000
Robert Hook Jr	Director	1.00	Director	$0	$0	$3,000
Tammy Zimmerman	Director	1.00	Director	$0	$0	$3,000
Victoria D Buster	Director	1.00	Director	$0	$0	$3,000
Peter E Locken III MD	Director	1.00	Director	$0	$0	$3,000
William B Shircliff	Director	1.00	Director	$0	$0	$3,000
William Jeffrey Fultz	Director	1.00	Director	$0	$0	$3,000
Stephen R Oglesby	CFO, VP, Treasurer	1.00	Officer	$0	$38,060	$1,665,241
Janet M Norton	VP & Secretary	1.00	Officer	$0	$39,420	$1,128,468
William G Sisson	Vice President	0.00		$0	$22,485	$992,018

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
2022	$4,138,216	$4,148,479	No data	$-10,263
2021	$6,805,562	$6,809,037	$962,738	$-3,475
2020	$7,183,145	$7,157,013	$966,213	$26,132
2019	$4,646,255	$5,649,624	$940,081	$-1,003,369
2018	$7,312,856	$6,363,835	$1,943,450	$949,021

Baptist Healthcare System Inc Workers Compensation Trust