COVINGTON, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE MISSION OF BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING QUALITY HEALTH CARE SERVICES AND EDUCATION.
BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL...
BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF BAPTIST MEMORIAL HOSPITAL-TIPTON, INC., 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-TIPTON, INC. 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 SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.THE LARGEST PROGRAM SERVICES PROVIDED THE FOLLOWING FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024:- THE ONCOLOGY DEPARTMENT PERFORMED 280,849 PROCEDURES AT A COST OF $128,657,840.- THE SPECIALTY PHARMACY DEPARTMENT FILLED 18,046 PRESCRIPTIONS AT A COST OF $106,624,008.- THE ER DEPARTMENT HAD 22,925 PATIENT VISITS AT A COST OF $2,528,303.- THE RADIOLOGY DEPARTMENT PERFORMED 42,927 PROCEDURES AT A COST OF $2,339,147.- THE NURSING/SURGERY/LABOR AND DELIVERY DEPARTMENT HAD 323 BIRTHS, PERFORMED 271 SURGERIES, AND HAD 3,693 PATIENT DAYS AT A COST OF $7,033,725. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED SERVICES FOR 1,400 INPATIENTS AND MORE THAN 118,501 OUTPATIENTS.BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS FROM WHICH THE HOSPITAL RECEIVES PAYMENT AT LESS THAN MARKET VALUE REIMBURSEMENT. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO MEDICARE, MEDICAID AND UNINSURED PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS $439,187,774.CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES THAT BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED.IN ADDITION, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED EDUCATION PROGRAMS TO THE PUBLIC ON A PERIODIC BASIS. BREAST CANCER AWARENESS - DURING OCTOBER, THE MAMMOGRAPHY PATIENTS RECEIVED PROMOTIONAL EDUCATIONAL MATERIALS AS WELL AS GIVEAWAYS TO PROMOTE AWARENESS. ADS ARE RUN IN THE COVINGTON LEADER TO ENCOURAGE WOMEN TO GET MAMMOGRAMS.NURSING STUDENTS FROM DYERSBURG STATE COME TO BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. TO COMPLETE THEIR CLINICAL ROTATIONS. STUDENTS ALSO COME FROM CONCORDE TO RECEIVE TRAINING IN THE LAB, RESPIRATORY THERAPY, RADIOLOGY AND PHARMACY.BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED DIRECT SUPPORT TO THE FOLLOWING ORGANIZATIONS:- AMERICAN HOSPITAL ASSOCIATION- TENNESSEE HOSPITAL ASSOCIATION- SOUTH TIPTON CHAMBER OF COMMERCE- CARL PERKINS CHILD ABUSE PREVENTION CENTER- MUNFORD HIGH SCHOOL- COVINGTON HIGH SCHOOL- LAW ENFORCEMENT FOR TIPTON- 901 PETALS OF PURPOSE - BREAST CANCER GIVE AWAY- DRUG FREE TIPTON- BRIGHTON BASEBALL- MUNFORD BOOSTER CLUB- TIPTON COUNTY COMMUNITY GARDEN- DRIVE OUT CANCER GOLF TOURNAMENT- CANAAN MB CHURCH COMMUNITY BABY SHOWER- FBC NIGHT OF CHAMPIONS- GERMANTOWN KIWANIS CHARITIES- DR. BARTON WILLIAMS MEMORIAL HUNT- SOUTH TIPTON COUNTY DUGOUT CLUB- TIPTON COUNTY NAACP- BROWNSVILLE- HAYWOOD COUNTY CHAMBER OF COMMERCE - CASA - PATHWAYS TO POSSIBILITIES- GINA HOLLENBECK FOUNDATION- KEYS TO SUCCESS SCHOLARSHIP- YMCA- MILLINGTONBAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED THE FOLLOWING ACTIVITIES IN THE COMMUNITY:- CAREER DAY AT HIGH SCHOOL- UNITED WAY- HEALTH FAIRS - ADULT TOTAL LEADERSHIP- TIPTON COUNTY HEALTH DEPARTMENT- TIPTON COUNTY HEALTH COUNCIL- BOYS AND GIRLS CLUB- CELEBRATE MUNFORD- NATIONAL DRUG TAKEBACK DAY- CELEBRITY WAITER LUNCHEON TO BENEFIT EXCHANGE CLUB/CARL PERKINS CENTER
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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