BAPTIST MEMORIAL HOSPITAL-TIPTON INC

EIN: 621113167 501(c)(3) Health Care

COVINGTON, TN

Total Revenue
$407,050,418
Total Expenses
$312,272,848
Total Assets
$224,361,093
Net Assets
$193,067,854
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TN
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

THE MISSION OF BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING QUALITY HEALTH CARE SERVICES AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $302,151,443 Revenue: $404,489,475

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...

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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

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

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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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Governance

Voting Members
7
Independent Members
2
Employees
620
Volunteers
11

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
7
$6,429,069
Total Directors
9
$7,416,480
Key Employees
0
$0
Highest Compensated
5
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
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