BAPTIST MEMORIAL HOSPITAL

EIN: 620123940 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$975,547,466
Total Expenses
$954,642,141
Total Assets
$585,757,708
Net Assets
$207,137,874
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
TN
Principal Officer
JASON M LITTLE
Phone
9012275117
Tax Period
2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HOSPITAL, founded in 1954, is a major nonprofit in the Health Care sector that reported $975.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

BAPTIST MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

Program Service Accomplishments

Program 1
Expenses: $903,957,595 Revenue: $966,528,002

BAPTIST MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED, AND SOCIOECONOMIC GROUP COME TO...

Read more

BAPTIST MEMORIAL HOSPITAL PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED, AND SOCIOECONOMIC GROUP COME TO BAPTIST MEMORIAL HOSPITAL FROM MANY STATES AND COUNTRIES WITH ILLNESSES THAT ARE OFTEN VERY SERIOUS. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF BAPTIST MEMORIAL HOSPITAL, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, BAPTIST MEMORIAL HOSPITAL PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND- HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY.THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.BAPTIST MEMORIAL HOSPITAL INCLUDES THREE MEMPHIS AREA HOSPITALS: BAPTIST MEMORIAL HOSPITAL-MEMPHIS, BAPTIST MEMORIAL HOSPITAL-COLLIERVILLE, AND BAPTIST MEMORIAL HOSPITAL FOR WOMEN. THE COMBINED LOCATIONS OF BAPTIST MEMORIAL HOSPITAL SERVICED 37,759 PATIENT DISCHARGES AND PROVIDED MORE THAN 276,537 OUTPATIENT SERVICES DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024. EMPHASIS IS NOW ON OUTPATIENT SERVICES. BAPTIST MEMORIAL HOSPITAL PROVIDES MANY OUTPATIENT SERVICES, WHICH WILL CONTINUE TO CUT HOSPITAL COSTS AND STAYS. MOST PATIENTS PREFER TO RECUPERATE AT HOME, AND WITH THE OUTPATIENT SERVICES PROVIDED AT BAPTIST MEMORIAL HOSPITAL, PATIENTS NOW HAVE THAT OPTION.DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST MEMORIAL HOSPITAL PROGRAM SERVICES PRODUCED THE FOLLOWING RESULTS:- THE SURGERY DEPARTMENT PERFORMED 40,817 PROCEDURES AT A COST OF $114,458,076.- THE PHARMACY DEPARTMENT DISPENSED 5,578,014 UNIT DOSES OF MEDICATION AT A COST OF $60,753,129.- THE RADIOLOGY DEPARTMENT PERFORMED 456,917 PROCEDURES AT A COST OF $48,251,367.- THE CARDIOVASCULAR SERVICES DEPARTMENT PERFORMED 20,958 PROCEDURES AT A COST OF $37,307,878.- THE PATHOLOGY DEPARTMENT PERFORMED 2,423,872 PROCEDURES AT A COST OF $38,302,872.CHARITY CARE IS PROVIDED THROUGH INPATIENT, OUTPATIENT, AND COMMUNITY-BASED PROGRAMS. INPATIENT SERVICES ARE PROVIDED TO PATIENTS WHO ARE MEDICALLY INDIGENT RESIDENTS OF ARKANSAS, MISSISSIPPI, TENNESSEE, AND OTHER STATES. BAPTIST MEMORIAL HOSPITAL ALSO MAINTAINS A CLINIC TO SERVE THIS POPULATION ON AN OUTPATIENT BASIS. STAFF PHYSICIANS AT BAPTIST MEMORIAL HOSPITAL, AS WELL AS PHYSICIANS IN THE MEDICAL RESIDENCY PROGRAMS, GIVE COUNTLESS HOURS OF THEIR TIME TREATING PATIENTS WHO CANNOT PAY. THE AMOUNT OF CHARITY CARE PROVIDED THAT WAS UNREIMBURSED WAS $255,191,682. THE UNREIMBURSED AMOUNT OF CHARITY AND CONTRACTUAL ALLOWANCES FOR ALL PATIENTS WAS $3,880,903,351.BAPTIST MEMORIAL HOSPITAL-MEMPHISTHE BAPTIST HEART INSTITUTE, LOCATED WITHIN BAPTIST MEMORIAL HOSPITAL-MEMPHIS, IS DEDICATED TO PROVIDING LEADING-EDGE CARDIOVASCULAR RESEARCH AND TREATMENT FOR HEART PATIENTS. THE HEART INSTITUTE, WHICH MEASURES 165,000 SQUARE FEET, INCLUDES AREAS FOR CARDIOVASCULAR PROCEDURES, CARDIOVASCULAR SURGICAL SUITES, HEART CATHETERIZATION LABS, CARDIOVASCULAR INTENSIVE CARE BEDS, A CARDIAC INTERVENTION UNIT, CARDIAC MEDICINE UNITS, A PRE/POST CATH LAB UNIT, ELECTROPHYSIOLOGY LABS, A HEART TRANSPLANT UNIT, AND A CARDIOVASCULAR STEP-DOWN UNIT. FUNDING FROM THE FORD-GOLTMAN CARDIAC RESEARCH ENDOWMENT SUPPORTS THE ADVANCEMENT OF CARDIAC RESEARCH AT BAPTIST HEART INSTITUTE.BAPTIST MEMORIAL HOSPITAL-MEMPHIS IS THE FIRST HOSPITAL IN THE MID-SOUTH TO:- HAVE IMAGE GUIDED RADIATION THERAPY (IGRT).- HAVE A GENETIC COUNSELING PROGRAM.- PERFORM CORONARY ARTERY BYPASS SURGERY.- PERFORM CARDIOMYOPLASTY.- SUCCESSFULLY IMPLANT THE HEARTMATE VENTED ELECTRIC VENTRICULAR ASSIST DEVICE (HEARTMATE).- PERFORM THE RADIAL BRACHYTHERAPY PROCEDURE.- PERFORM THE STEREOTAXIS ELECTROPHYSIOLOGY PROCEDURE.- OFFER MAGNETIC NAVIGATION SYSTEM.- PROVIDE INTENSITY MODULATED RADIATION THERAPY (IMRT) IN MEMPHIS AND THE SURROUNDING AREA.- PERFORM A TOTAL JOINT REPLACEMENT USING CERAMIC-ON-CERAMIC PROSTHESIS.- PERFORM THE WATCHMAN PROCEDURE.- PERFORM THE MITRACLIP PROCEDURE.- PROVIDE FUNDING FOR 12-LEAD EKGS TO BE PERFORMED IN AMBULANCES BY EMERGENCY MEDICAL TECHNICIANS.- PERFORM THE CARDIOMYOPLASTY PROCEDURE, DURING WHICH SKELETAL MUSCLES ARE TAKEN FROM A PATIENT'S BACK OR ABDOMEN AND WRAPPED AROUND AN AILING HEART. THE ADDED MUSCLE, AIDED BY ONGOING STIMULATION FROM A DEVICE SIMILAR TO A PACEMAKER, MAY BOOST THE HEART'S PUMPING MOTION.- PROVIDE ABIOMED, A DEVICE USED TO ASSIST THE HEART SO THAT IT CAN REST, HEAL, AND RECOVER ITS FUNCTION.- OFFER REVO REI SURESCAN PACING SYSTEM.- PERFORM THE MEDTRONIC CONVERGENT MAZE PROCEDURE, PUTTING BAPTIST MEMORIAL HOSPITAL AT THE CUTTING-EDGE OF ATRIAL FIBRILLATION (AFIB) TECHNOLOGY AND TREATMENT, AS THE FIRST IN THE NATION TO PERFORM THIS PROCEDURE.BAPTIST MEMORIAL HOSPITAL-MEMPHIS IS THE FIRST HOSPITAL IN TENNESSEE TO:- DISCHARGE A PATIENT HOME WITH THE HEARTMATE, A DEVICE THAT DOES THE WORK OF THE HEART WHEN PATIENTS' HEARTS ARE TOO WEAK TO FUNCTION PROPERLY.- EARN AMERICAN ASSOCIATION OF BLOOD BANKS (AABB) IMMUNOHEMATOLOGY REFERENCE LABORATORY ACCREDITATION. BAPTIST MEMORIAL HOSPITAL-MEMPHIS IS THE ONLY HOSPITAL IN TENNESSEE AND ONE OF ONLY 58 IN THE WORLD TO RECEIVE THIS ACCREDITATION.- PROVIDE FUNDING FOR 12-LEAD EKGS TO BE PERFORMED IN AMBULANCES BY EMERGENCY MEDICAL TECHNICIANS. 12-LEAD EKGS ALLOW DOCTORS TO OBSERVE THE HEART'S ELECTRICAL ACTIVITY FROM 12 DIFFERENT ANGLES, PROVIDING THEM WITH MORE INFORMATION ABOUT HEART ATTACK PATIENTS BEFORE THEY ARRIVE AT THE HOSPITAL.- DISCHARGE A PATIENT HOME ON A THORATEC VENTRICULAR ASSIST DEVICE.BAPTIST MEMORIAL HOSPITAL-MEMPHIS IS THE FIRST HOSPITAL IN THE MEMPHIS AREA TO:- OPEN A DEDICATED HEART INSTITUTE.- HAVE PHYSICIANS PERFORM THE AREA'S FIRST SURGERY WITH THE EDWARDS SAPIEN TRANSCATHETER HEART VALVE TECHNOLOGY THAT WAS APPROVED BY THE UNITED STATES FOOD AND DRUG ADMINISTRATION IN NOVEMBER 2011 FOR INOPERABLE PATIENTS WITH AORTIC STENOSIS.- HAVE A CARDIOLOGIST PERFORM THE CITY'S FIRST CRYOBALLOON PROCEDURE WITH A NEW TECHNOLOGY CALLED ARCTIC FRONT CARDIAC CRYOABLATION.- PERFORM THE PERCUTANEOUS VALVE PROCEDURE.- OFFER CYBERKNIFE ROBOTIC RADIOSURGERY, A TECHNIQUE FOR TREATING CANCEROUS AND NON-CANCEROUS TUMORS.- PROVIDE INTENSITY MODULATED RADIATION THERAPY.- HAVE A FREESTANDING RADIATION ONCOLOGY CENTER.- PROVIDE A CANCER NAVIGATOR TO ASSIST CANCER PATIENTS.- PROVIDE A DEDICATED RESUSCITATION FOCUS, PAIRING EARLY INTERVENTION WITH A RESPONSE TEAM IN A UNIFORM DEFIBRILLATOR OPERATING SYSTEM (MEDICAL RESPONSE TEAM).- PROVIDE PROSTATE BRACHYTHERAPY, A NONSURGICAL WAY TO TREAT PROSTATE CANCER.BAPTIST MEMORIAL HOSPITAL-MEMPHIS USES THE SPYGLASS DS TECHNOLOGY TO DIAGNOSE AND TREAT DISEASES AND CONDITIONS OF THE LIVER, GALLBLADDER, PANCREAS AND BILE DUCTS."THE VISUALIZATION IS FAR SUPERIOR, AND INTERPRETATION IS MUCH EASIER THAN THE ORIGINAL SPYGLASS," SAID DR. EDWARD CATTAU, GASTROENTEROLOGIST AT BAPTIST MEMORIAL HOSPITAL-MEMPHIS. "IT GIVES ME INCREASED CONFIDENCE IN DIAGNOSIS, NOT TO MENTION IT'S COST-EFFECTIVE AND CAN BE LESS RISKY COMPARED TO TRADITIONAL SURGICAL APPROACHES."SPYGLASS DS IS USED IN CONJUNCTION WITH ENDOSCOPIC RETROGRADE CHOLANGIOPANCREATOGRAPHY (ERCP), AN ESTABLISHED ENDOSCOPY PROCEDURE TO OBTAIN RADIOGRAPHIC IMAGES OF THE BILE DUCTS AND PANCREAS AND TO PERFORM DIAGNOSTIC AND THERAPEUTIC PROCEDURES.SPYGLASS DS ALLOWS FOR HIGH-RESOLUTION IMAGING DURING THE ERCP PROCEDURE TO BETTER TARGET BIOPSIES AND MORE SAFELY FRAGMENT STONES. THE NEW SYSTEM USES A SMALL, UNIQUE VIDEO SCOPE THAT IS PASSED THROUGH THE WORKING CANAL OF THE STANDARD ERCP SCOPE AND INSERTED DIRECTLY INTO THE BILIARY AND PANCREATIC DUCTS, GIVING PHYSICIANS THE ABILITY TO HAVE DIRECT VISUALIZATION INSIDE THESE STRUCTURES.SPYGLASS DS TYPICALLY RESULTS IN MORE EFFICIENT EVALUATIONS AND HELPS REDUCE THE NEED FOR ADDITIONAL TESTING AND REPEAT PROCEDURES COMPARED TO TRADITIONAL ERCP, ENABLING PATIENTS TO RECEIVE A DEFINITIVE DIAGNOSIS AND TREATMENT SOONER.DR. CATTAU IS EXTREMELY FAMILIAR WITH THIS TECHNOLOGY, HAVING FIRST BEEN INVOLVED IN RESEARCH WITH PROTOTYPES FROM OTHER MANUFACTURERS MORE THAN 25 YEARS AGO. IN 2010, HE PERFORMED THE CITY'S FIRST ELECTROHYDRAULIC LITHOTRIPSY, THE REMOVAL OF LARGE STONES FROM THE BILE DUCT WITHOUT OPEN SURGERY, WITH SPYGLASS DS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,563,262
Program Service Revenue $950,931,424
Investment Income $693,618
Other Revenue $20,359,162
TOTAL REVENUE $975,547,466

Expense Breakdown

Grants Paid $9,889,434
Salaries & Benefits $370,300,904
Fundraising Expenses $0
Program Expenses $903,957,595
Other Expenses $574,451,803
TOTAL EXPENSES $954,642,141

Year-over-Year Comparison

2023 2022 Change
Revenue $975,547,466 $898,107,746 +0.1%
Expenses $954,642,141 $907,837,723 +0.1%
Net Income $20,905,325 $-9,729,977 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
2
Employees
6085
Volunteers
47

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
15
$9,971,857
Total Directors
8
$4,261,262
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARIE SZATKOWSKI MD DIRECTOR 0.23
Director
$0 $92,002 $1,571,032
GARY C ANDERSON DIRECTOR (THRU 12/23)/VICE PRESIDENT 0.23
Officer Director
$0 $88,606 $1,300,745
EDWIN P CADE CEO MEMPHIS/DIRECTOR 37.81
Officer Director
$0 $105,548 $723,056
CARY FINN MD DIRECTOR 0.23
Director
$0 $67,492 $589,929
DALE MORRIS MD CHAIRMAN 0.23
Director
$0 $0 $0
KRIS AZLIN DIRECTOR (AS OF 01/24) 0.23
Director
$0 $0 $0
RIAD HOMSI MD DIRECTOR 0.23
Director
$0 $0 $76,500
SPENCE WILSON DIRECTOR (THRU 12/23) 0.23
Director
$0 $0 $0
JASON M LITTLE PRESIDENT 0.23
Officer
$0 $108,222 $3,155,218
GREGORY M DUCKETT SECRETARY 0.23
Officer
$0 $90,318 $1,346,501
MARY E SUMRALL INTERIM CNO (THRU 10/23) 3.00
Officer
$0 $74,160 $582,132
WILLIAM CLOUD MD CMO/CMAO (THRU 01/24) 10.00
Officer
$455,565 $56,774 $512,339
ASHLEY HARRIS ASSOC CMO(THRU 1/24)/CMO(AS OF 2/24) 40.00
Officer
$437,761 $26,778 $464,539
LINDSAY R STENCEL CEO COLLIERVILLE 40.00
Officer
$0 $57,471 $335,614
CYNDI S PITTMAN CFO (THRU 10/23) 33.85
Officer
$212,244 $68,049 $325,087
ALLISON K BOSSE CEO WOMEN'S HOSPITAL 40.00
Officer
$0 $21,253 $274,981
THOMAS STEADMAN CFO BMH-MEMPHIS (AS OF 11/23) 7.69
Officer
$51,826 $25,314 $204,813
CARA BEARD CNO-MEMPHIS (AS OF 11/23) 40.00
Officer
$169,392 $31,976 $201,368
APRIL FOX CHIEF NURSING OFFICER-WOMEN'S 40.00
Officer
$185,269 $5,582 $190,851
DENISE FERGUSON CNO-COLLIERVILLE 40.00
Officer
$120,241 $58,779 $179,020
MARGARET H WILLIAMS CFO WOMEN'S 40.00
Officer
$117,273 $58,320 $175,593
OSAMA MAHMOUD PHYSICIAN 40.00
Highest
$587,662 $57,243 $644,905
JENNIFER L SNOW CMO - SYSTEM DIR. PEDIATRIC SERVICES 40.00
Highest
$395,045 $58,293 $453,338
NIRMIT D KOTHARI OFFICER-CHIEF HOSPITAL MEDICINE 40.00
Highest
$380,624 $54,039 $434,663
FLORENCE IWETA REGISTERED NURSE 40.00
Highest
$252,951 $26,859 $279,810
LEELLON L MARTIN REGISTERED NURSE 40.00
Highest
$218,637 $17,718 $236,355
PAUL D DEPRIEST MD FORMER VICE PRESIDENT 0.00
$0 $85,100 $2,156,966
BRAD H PARSONS FORMER CEO 0.00
$0 $70,403 $765,717
SAMUEL S LYND FORMER COO 0.00
$0 $61,864 $400,153
SAMUEL PIEH FORMER COO 0.00
$87,099 $49,739 $299,814
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 $975,547,466 $954,642,141 $585,757,708 $20,905,325
2023 $898,107,746 $907,837,723 $522,179,995 $-9,729,977
2022 $797,604,345 $864,584,167 $549,857,995 $-66,979,822
2021 $786,491,472 $779,252,256 $671,654,593 $7,239,216
2020 $770,663,628 $731,548,456 $691,981,947 $39,115,172
2019 $734,638,311 $697,532,893 $501,145,100 $37,105,418
2018 $671,524,521 $673,070,745 $438,411,980 $-1,546,224
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BAPTIST MEMORIAL HOSPITAL with other nonprofits in Tennessee and across the country.