BAPTIST MEMORIAL HOSPITAL-TIPTON INC (EIN 621113167) - 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

1982

Legal Domicile

Principal Officer

JASON M LITTLE

Phone

9014762621

Tax Period

2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HOSPITAL-TIPTON INC, founded in 1982, is a major nonprofit in the Health Care sector that reported $407.1M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94.8M, a strong 23% operating margin.

Mission

BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. 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 $2,032,600

Program Service Revenue $404,489,475

Investment Income $59,342

Other Revenue $469,001

TOTAL REVENUE $407,050,418

Expense Breakdown

Grants Paid $6,250

Salaries & Benefits $38,942,212

Fundraising Expenses $0

Program Expenses $302,151,443

Other Expenses $273,324,386

TOTAL EXPENSES $312,272,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,050,418	$238,803,208	+0.7%
Expenses	$312,272,848	$206,478,618	+0.5%
Net Income	$94,777,570	$32,324,590	+1.9%

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

620

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

$6,429,069

Total Directors

$7,416,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON M LITTLE	DIRECTOR/PRESIDENT	0.23	Officer Director	$0	$108,222	$3,155,218
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	DIRECTOR	0.23	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
GREGORY M DUCKETT	SECRETARY	0.23	Officer	$0	$90,318	$1,346,501
PARKER HARRIS	CEO	39.60	Officer	$0	$52,494	$291,152
JACKIE BARTON	CHIEF NURSING OFFICER (THRU 01/24)	40.00	Officer	$143,639	$27,800	$171,439
CARLOS MENDOZA	CFO	40.00	Officer	$128,144	$35,870	$164,014
JOY GILMORE	CNO (AS OF 06/24)	40.00	Officer	$0	$0	$0
RENIN LUKOSE	PHYSICIST-MEDICAL SENIOR	40.00	Highest	$221,567	$45,357	$266,924
JOSEPH J VERNON	EXECUTIVE DIRECTOR-CLINICAL	40.00	Highest	$144,532	$56,935	$201,467
CLESHEREE STEPTER	NURSE PRACTITIONER	37.98	Highest	$132,529	$40,955	$182,037
BROOKS L NORMAN	MANAGER-PHARMACY INFUSION CENTER	40.00	Highest	$137,826	$27,722	$165,548
KIMBERLY T SCOGGINS	PHARMACIST-CLINICAL	40.00	Highest	$134,691	$15,304	$149,995
PAUL D DEPRIEST MD	FORMER VICE PRESIDENT	0.00		$0	$85,100	$2,156,966
SAMUEL S LYND	FORMER CEO	0.00		$0	$61,864	$400,153

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	$407,050,418	$312,272,848	$224,361,093	$94,777,570
2023	$238,803,208	$206,478,618	$117,925,476	$32,324,590
2022	$204,889,336	$190,944,716	$84,878,626	$13,944,620
2021	$191,919,285	$177,198,302	$81,285,891	$14,720,983
2020	$158,320,482	$152,071,939	$76,967,438	$6,248,543
2019	$127,573,082	$117,197,748	$51,494,535	$10,375,334
2018	$103,824,004	$95,739,081	$47,537,282	$8,084,923

BAPTIST MEMORIAL HOSPITAL-TIPTON INC