BAPTIST MEMORIAL HOSPITAL (EIN 620123940) - 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

1954

Legal Domicile

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.

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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 $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

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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

6085

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

$9,971,857

Total Directors

$4,261,262

Key Employees

Highest Compensated

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

BAPTIST MEMORIAL HOSPITAL