BAPTIST MEMORIAL HOSPITAL-BOONEVILLE INC

EIN: 640663760 501(c)(3) Health Care

BOONEVILLE, MS

Total Revenue
$26,814,044
Total Expenses
$28,608,629
Total Assets
$12,254,789
Net Assets
$-13,817,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MS
Principal Officer
JASON M LITTLE
Phone
6627205000
Tax Period
2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HOSPITAL-BOONEVILLE INC, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $26.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

Program Service Accomplishments

Program 1
Expenses: $26,104,736 Revenue: $26,588,418

BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS...

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BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, 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-BOONEVILLE, 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-BOONEVILLE, 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, SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. SERVICED 906 INPATIENTS AND PROVIDED 24,048 OUTPATIENT SERVICES DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024.BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, 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-BOONEVILLE, 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 $73,313,693. 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-BOONEVILLE, INC. BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED.THE LARGEST PROGRAM SERVICES PROVIDED THE FOLLOWING FOR THE PERIOD ENDED SEPTEMBER 30, 2024: - THE GERIATRIC PSYCHIATRY DEPARTMENT HAD 5,661 PATIENT DAYS AT A COST OF $3,428,607.- THE RADIOLOGY DEPARTMENT PERFORMED 19,267 TESTS AT A COST OF $1,572,674.- THE PHARMACY DEPARTMENT DISPENSED MEDICATION AT A COST OF $1,081,696.- THE PATHOLOGY DEPARTMENT PERFORMED 68,921 PROCEDURES AT A COST OF $1,623,489.- THE CARDIOLOGY/R.T. SERVICES DEPARTMENT HAD 10,419 TESTS AT A COST OF $610,180.- WE PERFORMED 1,429 SURGERIES AT A COST OF $2,070,893.COMMUNITY RELATIONS ACTIVITIESBAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. HAS PROVIDED A NUMBER OF SERVICES IN THE COMMUNITY:- REDUCED-PRICE MAMMOGRAMS THROUGH HOPE GRANT- REDUCED PRICING FOR HEARTSCORE CARDIAC CALCIUM SCREENINGS FOR NATIONAL HEART MONTH- SPEAKERS FOR VARIOUS COMMUNITY GROUPS WITH VARIOUS HEALTH-RELATED SUBJECTS- FREE DRIVE THROUGH FLU VACCINATIONS- COMMUNITY CPR- BOONEVILLE FALL FESTIVALDONATIONS AND DIRECT FINANCIAL SUPPORT TO THE COMMUNITY:- PRENTISS COUNTY DEVELOPMENT ASSOCIATION- UNITED WAY- NORTHEAST MISSISSIPPI COMMUNITY COLLEGE- SEALANT DAY SPONSOR FOR MISSISSIPPI ORAL HEALTHCARE ASSOCIATION- COMMUNITY ADVISORY COUNCIL- BOONEVILLE & PRENTISS COUNTY MAIN STREET ASSOCIATION- WTVA SPRING AND FALL SENIOR DAY (SPONSOR)- BEREAVEMENT PROGRAM THROUGH LOCAL FUNERAL HOMES (SPONSOR)VOLUNTEERISMBAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. RECOGNIZES THAT ITS PEOPLE ARE ITS MOST VALUABLE ASSET. TO SHARE THIS ASSET WITH THE COMMUNITY AT LARGE, ALL PERSONNEL ARE ENCOURAGED TO GET INVOLVED BY VOLUNTEERING. BELOW IS A PARTIAL LIST OF ORGANIZATIONS AND ACTIVITIES BAPTIST MEMORIAL HOSPITAL-BOONEVILLE, INC. SUPPORTED THROUGH ITS VOLUNTEER EFFORTS:- ROTARY CLUB- KIWANIS CLUB

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,412
Program Service Revenue $26,588,418
Investment Income $4,081
Other Revenue $176,133
TOTAL REVENUE $26,814,044

Expense Breakdown

Grants Paid $750
Salaries & Benefits $13,048,295
Fundraising Expenses $0
Program Expenses $26,104,736
Other Expenses $15,559,584
TOTAL EXPENSES $28,608,629

Year-over-Year Comparison

2023 2022 Change
Revenue $26,814,044 $24,108,650 +0.1%
Expenses $28,608,629 $24,550,517 +0.2%
Net Income $-1,794,585 $-441,867 +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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Governance

Voting Members
4
Independent Members
4
Employees
240
Volunteers
4

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
$6,704,469
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN STANFORD CHAIRMAN 0.23
Director
$0 $0 $0
ROBERT GRIFFIN DIRECTOR 0.23
Director
$0 $0 $0
THOMAS FLOYD JR DIRECTOR 0.23
Director
$0 $0 $0
TRAVIS CHILDERS DIRECTOR 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
GARY C ANDERSON VICE PRESIDENT 0.23
Officer
$0 $88,606 $1,300,745
ANNA K BISHOP CEO 20.00
Officer
$0 $64,091 $356,010
JASON W COLEY CAO 20.00
Officer
$0 $63,251 $225,288
KIMBERLY D HIGH CFO 10.00
Officer
$0 $41,190 $192,703
FIONA HOWELL CNO 40.00
Officer
$90,544 $37,460 $128,004
JANEEN PHARR PHARMACY DIRECTOR 40.00
Highest
$139,617 $33,402 $173,019
JAMES D CHRISTIAN PHARMACIST 40.00
Highest
$127,474 $23,232 $150,706
AMANDA L JAMES PHARMACIST 40.00
Highest
$106,665 $35,250 $141,915
PAUL D DEPRIEST MD FORMER VICE PRESIDENT 0.00
$0 $85,100 $2,156,966
JAMES A GRANTHAM FORMER CEO 0.00
$0 $74,296 $520,576
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 $26,814,044 $28,608,629 $12,254,789 $-1,794,585
2023 $24,108,650 $24,550,517 $13,119,266 $-441,867
2022 $21,512,680 $24,201,523 $11,742,985 $-2,688,843
2021 $21,876,682 $22,249,897 $11,525,579 $-373,215
2020 $20,092,056 $20,372,505 $8,789,700 $-280,449
2019 $18,767,268 $19,760,870 $9,455,858 $-993,602
2018 $17,146,367 $19,178,424 $8,378,675 $-2,032,057
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