Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The sole purpose for establishment of the Trust was to enable Baptist Healthcare System, Inc.(61-0444707),a 501(c)(3) corporation, to provide workers compensation benefits, as required by KY statute, directly through self-insurance & through excess insurance policies.
The Workers Compensation Trust provides workers compensation benefits to numerous related organizations. Payments are made to various healthcare providers for medical services and to employees for...
The Workers Compensation Trust provides workers compensation benefits to numerous related organizations. Payments are made to various healthcare providers for medical services and to employees for lost wages.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Baptist Healthcare System Inc Workers Compensation Trust with other nonprofits in Kentucky and across the country.