BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES INC

EIN: 621599670 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$30,188,186
Total Expenses
$30,413,785
Total Assets
$104,342,137
Net Assets
$87,981,422
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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
TN
Principal Officer
TIMOTHY HAMPTON HOPKINS
Phone
9015722442
Tax Period
2023-10-01 to 2024-09-30

BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $30.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Net assets of $88.0M represent 35 months of operating reserves.

Mission

BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES, INC. PREPARES GRADUATES FOR CAREERS OF SERVICE AND LEADERSHIP BY PROVIDING A COMPREHENSIVE HEALTH SCIENCES EDUCATION WITHIN AN INTEGRATED ENVIRONMENT OF LEARNING AND CHRISTIAN PRINCIPLES.

Program Service Accomplishments

Program 1
Expenses: $27,024,739 Revenue: $14,606,088

BUILDING ON THE LEGACY OF EDUCATION SINCE 1912, BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES, INC., DBA BAPTIST HEALTH SCIENCES UNIVERSITY (BAPTIST UNIVERSITY), IS A PRIVATE INSTITUTION, WHICH SEEKS...

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BUILDING ON THE LEGACY OF EDUCATION SINCE 1912, BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES, INC., DBA BAPTIST HEALTH SCIENCES UNIVERSITY (BAPTIST UNIVERSITY), IS A PRIVATE INSTITUTION, WHICH SEEKS TO ATTRACT A DIVERSE STUDENT POPULATION WHO SHARES COMMITMENTS TO CHRISTIAN VALUES AND ETHICS, ACADEMIC EXCELLENCE, AND LIFELONG PROFESSIONAL DEVELOPMENT. IN RESPONSE TO THE TRUST EXPECTED OF INSTITUTIONS PREPARING FUTURE HEALTH CARE PROFESSIONALS, THE ACADEMICALLY RIGOROUS ENVIRONMENT REQUIRES STUDENTS' ACTIVE ENGAGEMENT IN LEARNING THROUGH A VARIETY OF INSTRUCTIONAL MODES. IN PARTNERSHIP WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION, BAPTIST UNIVERSITY EXTENDS THE LEARNING ENVIRONMENT BEYOND THE CLASSROOM TO INCLUDE EXPERIENCES FOUND IN HEALTH CARE SETTINGS THROUGHOUT THE MID-SOUTH. THE ADMINISTRATION, FACULTY AND STAFF OF BAPTIST UNIVERSITY BELIEVE THAT THE UNIVERSITY HAS A RESPONSIBILITY TO THE COMMUNITY BEYOND THAT OF PREPARING COMPETENT HEALTH CARE PRACTITIONERS. THAT RESPONSIBILITY INCLUDES SERVING AS A HEALTH CARE RESOURCE AND PROVIDING VOLUNTEER SERVICES IN A VARIETY OF WAYS. THE ACTIVE PARTICIPATION OF STAFF AND THE OPPORTUNITY FOR INVOLVEMENT OF STUDENTS PROMOTES THE SPIRIT OF VOLUNTEERISM. THIS CONTINUING COMMITMENT TO VOLUNTEERISM WILL AFFECT NOT ONLY THE PRACTICE OF GRADUATES BUT ALSO THEIR LIVES AS CITIZENS AND MEMBERS OF THE COMMUNITY.BAPTIST UNIVERSITY WAS CHARTERED IN DECEMBER 1994 AS A SPECIALIZED UNIVERSITY OFFERING BACCALAUREATE DEGREES IN NURSING (BSN) AND HEALTH SCIENCES (BHS). BAPTIST UNIVERSITY IS ACCREDITED BY THE COMMISSION ON COLLEGES OF THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS (SACSCOC) TO AWARD THE ASSOCIATE OF SCIENCE, BACHELOR OF SCIENCE IN NURSING, BACHELOR OF HEALTH SCIENCES, DOCTOR OF NURSING PRACTICE AND DOCTOR OF OSTEOPATHIC MEDICINE. ALLIED HEALTH, NURSING, AND OSTEOPATHIC PROGRAMS ARE ACCREDITED BY THE APPROPRIATE NATIONAL PROFESSIONAL ORGANIZATIONS. IN ADDITION, THE NURSING PROGRAMS ARE APPROVED BY THE TENNESSEE BOARD OF NURSING. BAPTIST UNIVERSITY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL OR ETHNIC ORIGIN. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL ADMINISTERED PROGRAMS. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST UNIVERSITY ENROLLED 1,144 DIFFERENT STUDENTS IN THE FOLLOWING PROGRAMS: - BACCALAUREATE/ASSOCIATE TRADITIONAL - 830 - BACCALAUREATE COMPLETION - 19 - SPECIAL STUDENTS - 160 - DUAL ENROLLMENT STUDENTS (NON-DEGREE SEEKING) - 16 - GRADUATE STUDENTS - 38 - DOCTOR OF OSTEOPATHIC MEDICINE - 81IN FY2024, BAPTIST UNIVERSITY AWARDED 8 DOCTORAL DEGREES, 156 BACCALAUREATE DEGREES, AND 15 ASSOCIATE DEGREES. THE AWARDS INCLUDED 101 BACHELOR OF SCIENCE IN NURSING (BSN) AND 55 BACHELOR OF HEALTH SCIENCES (BHS) DEGREES. THE NUMBERS BY MAJORS OF THE BHS DEGREES WERE 8 GRADUATES IN DIAGNOSTIC MEDICAL SONOGRAPHY, 4 IN MEDICAL LABORATORY SCIENCES, 12 IN MEDICAL RADIOGRAPHY, 1 IN NEURODIAGNOSTIC TECHNOLOGY, 4 IN NUCLEAR MEDICINE TECHNOLOGY, 5 IN PUBLIC HEALTH, 2 IN RESPIRATORY CARE, 4 IN RADIATION THERAPY TECHNOLOGY, 6 IN HEALTH ADMINISTRATION, AND 9 IN BIOMEDICAL SCIENCES. ADDITIONALLY, THE UNIVERSITY AWARDED 15 ASSOCIATE OF SCIENCE (AS) DEGREES. THE NUMBERS BY MAJORS OF THE AS DEGREES WERE 5 GRADUATES IN PRE-HEALTH STUDIES, 2 GRADUATES IN NEURODIAGNOSTIC TECHNOLOGY, AND 8 GRADUATES IN SURGICAL TECHNOLOGY. THE 8 DOCTOR OF NURSING PRACTICE GRADUATES ALL HAD CONCENTRATIONS IN ADULT GERONTOLOGY ACUTE CARE AND PRIMARY CARE NURSE PRACTITIONER.FALL ENROLLMENT WAS 892.FINANCIAL ASSISTANCE BAPTIST UNIVERSITY OFFERS FINANCIAL ASSISTANCE TO STUDENTS IN NEED. ASSISTANCE IS PROVIDED THROUGH A VARIETY OF SOURCES INCLUDING SCHOLARSHIPS, GRANTS, A WORK-STUDY PROGRAM, A LOAN PROGRAM, AND A TUITION DEFERRAL PROGRAM FUNDED BY BAPTIST MEMORIAL HEALTH CARE CORPORATION AND BAPTIST UNIVERSITY. ALL FINANCIAL AID IS AWARDED ON A NON-DISCRIMINATORY BASIS. SINCE JULY 2000, BAPTIST UNIVERSITY HAS ALSO PARTICIPATED IN FEDERAL FINANCIAL AID PROGRAMS FOR STUDENTS. INSTITUTIONAL SCHOLARSHIPS/ACADEMIC AWARDSIN FY2024, BAPTIST UNIVERSITY DISBURSED $1.3 MILLION IN INSTITUTIONAL FINANCIAL AID TO ENROLLED STUDENTS. THIS AID INCLUDED SCHOLARSHIPS, GRANTS, AND TUITION DEFERRAL. SCHOLARSHIPS ARE BOTH NEED AND MERIT BASED AND GRANTS ARE PRIMARILY NEED BASED. A COMPLETE LISTING OF INSTITUTIONAL SCHOLARSHIPS CAN BE FOUND IN THE 2024-2025 CATALOG LOCATED AT: HTTPS://WWW.BAPTISTU.EDU/ACADEMIC-CATALOG. THE TUITION DEFERRAL PROGRAM ALLOWS UP TO THIRTY-FIVE ELIGIBLE CLINICAL STUDENTS PER YEAR TO DEFER TUITION DURING THEIR SENIOR YEAR AT BAPTIST UNIVERSITY. THIS AGREEMENT REQUIRES A WORK COMMITMENT AT A BAPTIST MEMORIAL HEALTH CARE FACILITY FOLLOWING GRADUATION AND LICENSURE EQUAL TO ONE YEAR OF EMPLOYMENT FOR EACH YEAR OF TUITION DEFERRAL.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,444,014
Program Service Revenue $14,606,088
Investment Income $3,943,256
Other Revenue $194,828
TOTAL REVENUE $30,188,186

Expense Breakdown

Grants Paid $80,000
Salaries & Benefits $22,084,113
Fundraising Expenses $0
Program Expenses $27,024,739
Other Expenses $8,249,672
TOTAL EXPENSES $30,413,785

Year-over-Year Comparison

2023 2022 Change
Revenue $30,188,186 $26,119,836 +0.2%
Expenses $30,413,785 $23,519,807 +0.3%
Net Income $-225,599 $2,600,029 -1.1%
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
12
Independent Members
9
Employees
300
Volunteers
8

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
$2,352,010
Total Directors
13
$4,048,181
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON M LITTLE DIRECTOR 0.23
Director
$0 $108,222 $3,155,218
EDWIN P CADE DIRECTOR 0.23
Director
$0 $105,548 $723,056
CHRISTOPHER A DAVIS MD DIRECTOR 0.23
Director
$0 $54,827 $168,089
BEVERLY D JORDAN CHAIR 0.23
Director
$0 $0 $1,818
ANITA VAUGHN DIRECTOR 0.23
Director
$0 $0 $0
DALE MORRIS MD DIRECTOR 0.23
Director
$0 $0 $0
DEBBIE MCMILLIN FLEMING DIRECTOR 0.23
Director
$0 $0 $0
DEIDRE MALONE DIRECTOR 0.23
Director
$0 $0 $0
DENISE BURNETT STEWART DIRECTOR 0.23
Director
$0 $0 $0
HOWELL TODD MD DIRECTOR 0.23
Director
$0 $0 $0
JIM AINSWORTH DIRECTOR (THRU 12/23) 0.23
Director
$0 $0 $0
JOHN BARTLEY CAMPBELL DIRECTOR 0.23
Director
$0 $0 $0
WILLIAM MAYO MD DIRECTOR 0.23
Director
$0 $0 $0
GREGORY M DUCKETT SECRETARY 0.23
Officer
$0 $90,318 $1,346,501
TIMOTHY HAMPTON HOPKINS PRESIDENT 40.00
Officer
$0 $46,899 $234,888
LEANNE SMITH VP BUSINESS OPERATIONS 40.00
Officer
$179,263 $40,225 $219,488
ADONNA CALDWELL VP ADMIN. SERV. (THRU 04/24) 40.00
Officer
$139,814 $47,393 $187,207
BARRY SCHULTZ VICE PRESIDENT/PROVOST (THRU 12/23) 40.00
Officer
$154,068 $30,389 $184,457
TAMMY FOWLER VP ENROLL. MGMT & STUD. AFF. 40.00
Officer
$158,836 $20,633 $179,469
ANUJA GHORPADE VP/PROVOST-ACADEMIC AFF(AS OF 08/24) 40.00
Officer
$0 $0 $0
PETER A BELL DEAN/VICE PROVOST-MEDICAL EDUCATION 40.00
Highest
$515,369 $49,446 $564,815
DAVID KLINK DEAN-ASSOC. SENIOR CLINICAL AFFAIRS 40.00
Highest
$278,088 $51,495 $329,583
BETH CHOBY DEAN-SENIOR ASSOC. ACADEMIC AFFAIRS 40.00
Highest
$281,698 $33,010 $314,708
JOSEPH D BAKER DEAN-ASSISTANT OMS I AND OMS II 40.00
Highest
$227,862 $45,123 $272,985
JOHN C BIERY PROG. CHAIR-OSTEO MANIPULATIVE MED. 40.00
Highest
$237,150 $31,267 $268,417
RANDY J KING FORMER SECRETARY 0.00
$0 $30,141 $1,210,858
BETTY SUE MCGARVEY FORMER PRESIDENT 0.00
$0 $42,812 $340,893
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 $30,188,186 $30,413,785 $104,342,137 $-225,599
2023 $26,119,836 $23,519,807 $104,081,444 $2,600,029
2022 $20,910,524 $22,091,899 $89,136,952 $-1,181,375
2021 $20,446,298 $19,171,545 $55,747,053 $1,274,753
2020 $19,717,718 $18,407,938 $49,624,939 $1,309,780
2019 $20,717,870 $17,628,781 $49,253,637 $3,089,089
2018 $20,054,480 $17,044,526 $46,107,164 $3,009,954
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