Baylor University Medical Center

EIN: 751837454 501(c)(3) Health Care

Dallas, TX

Total Revenue
$1,994,070,507
Total Expenses
$1,470,198,617
Total Assets
$4,141,405,299
Net Assets
$4,021,853,963
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
TX
Principal Officer
Kyle Armstrong
Phone
2148204135
Tax Period
2023-07-01 to 2024-06-30

Baylor University Medical Center, founded in 1981, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $523.9M, a strong 26% operating margin.

Mission

Founded as a Christian ministry of healing, Baylor Scott & White Health promotes the well-being of all individuals, families and communities.

Program Service Accomplishments

Program 1
Expenses: $1,203,258,212 Revenue: $1,674,398,920

Baylor University Medical Center at Dallas (BUMC) is a faith-based, nonprofit, 914-bed acute care hospital providing exemplary patient care services to the residents of the Dallas-Fort Worth...

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Baylor University Medical Center at Dallas (BUMC) is a faith-based, nonprofit, 914-bed acute care hospital providing exemplary patient care services to the residents of the Dallas-Fort Worth Metroplex since 1903. BUMC is a major patient care, research and medical education center of the Southwest and serves local, national and international patients caring for more than 300,000 patients per year.BUMC is affiliated with Baylor Scott & White Health (BSWH), a faith-based nationally acclaimed network of acute care hospitals and related health care entities providing quality patient care, medical education, medical research and other community services to the residents of North and Central Texas. As the largest not-for-profit health care system in Texas and one of the largest in the United States, BSWH was born from the 2013 combination of Baylor Health Care System and Scott & White Healthcare. Today, BSWH has over 1,300 patient access points including 52 hospitals, 632 specialty care clinics, 260 outpatient clinics, 164 primary care clinics, 29 pharmacies, 30 ambulatory surgery centers, 62 urgent care clinics, and more than 7,200 active physicians. The system also includes a state certified health maintenance organization, the Scott and White Health Plan and the Baylor Scott & White Quality Alliance accountable care organization both covering over 1,200,000 lives. BUMC is one of the system's two flagship hospitals and provides inpatient and outpatient medical services in over 20 specialties to treat individuals with diseases, illnesses and injuries of varying complexities. Services include providing patients with innovative methods of prevention, diagnosis, treatment, education and support consistent with a quality teaching and research hospital. Multidisciplinary interaction among physicians helps ensure comprehensive care for all stages of illness through all stages of life. Many of the major health care programs have received national recognition and honors, including the Level I Trauma Center, a Level IV Neonatal Intensive Care Unit, Level IV Maternal designation, the only dedicated cancer hospital in North Texas and outpatient cancer center, an internationally renowned transplant program, neuroscience center, digestive disease center, and orthopaedic institute. During the fiscal year, BUMC admitted 40,245 patients resulting in 266,653 days of care; delivered 5,505 babies and received 101,333 emergency department visits. Additionally, BUMC provided community benefits (as reported to the Texas Department of State Health Services and in accordance with the State of Texas Statutory methodology) of $271,755,137 and provided community benefits (as reported on the Internal Revenue Service (IRS) Form 990, Schedule H) of $95,732,856 during the tax year. The Texas Annual Statement of Community Benefit Standard includes approximately $147,979,216 of unreimbursed cost of Medicare that is not included in the IRS Form 990, Schedule H.See Schedule H for more information regarding these services and how BUMC promotes the health of the communities.

Program 2
Expenses: $50,157,512 Revenue: $34,218,356

Supplemental Nonqualified Retirement Plan: In order to recruit and retain key talent, BSW Holdings and certain tax exempt affiliates (BSWH) offers a supplemental non-qualified retirement plan to...

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Supplemental Nonqualified Retirement Plan: In order to recruit and retain key talent, BSW Holdings and certain tax exempt affiliates (BSWH) offers a supplemental non-qualified retirement plan to eligible employees. The plan provides an annual benefit (based on a percentage of compensation) to the employee that is paid to the employee on a future date upon vesting in the plan. The following individual(s) participated in and/or received payments (noted in parenthesis) from BSWH's supplemental non-qualified retirement plan during the tax year: Grant Teegarden, Jason Whitfield, Kyle Armstrong, Paul Madeley, M.D. ($27,692), and Steven Newton ($122,533).

Program 3
Expenses: $13,840,680 Revenue: $0

Moving scientific theory from the research bench to clinical trials and ultimately to the patient's bedside is central to BSWH's commitment to patient-centered medical research. During the year, BUMC...

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Moving scientific theory from the research bench to clinical trials and ultimately to the patient's bedside is central to BSWH's commitment to patient-centered medical research. During the year, BUMC supported clinical research development costs, research papers and studies through Baylor Scott & White Research Institute (BSW Research), at a cost of $13,840,680. At BSW Research alone, there are more than 1,400 active clinical trials underway.

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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 $117,224,703
Program Service Revenue $1,708,505,342
Investment Income $156,304,727
Other Revenue $12,035,735
TOTAL REVENUE $1,994,070,507

Expense Breakdown

Grants Paid $20,981,270
Salaries & Benefits $524,655,530
Fundraising Expenses $0
Program Expenses $1,267,256,404
Other Expenses $924,561,817
TOTAL EXPENSES $1,470,198,617

Year-over-Year Comparison

2023 2022 Change
Revenue $1,994,070,507 $1,733,875,111 +0.2%
Expenses $1,470,198,617 $1,308,713,628 +0.1%
Net Income $523,871,890 $425,161,483 +0.2%
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
10
Independent Members
8
Employees
6494
Volunteers
142

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
5
$3,376,655
Total Directors
10
$1,152,662
Key Employees
3
$1,398,242
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amy Wilson MD Trustee/VP Medical Affairs 40.00
Director
$554,000 $45,189 $599,189
Paul Madeley MD Trustee 1.00
Director
$0 $41,779 $553,473
Harry Neil Dugger Trustee/Chair 1.00
Officer Director
$0 $0 $0
Vince Hawkins Trustee 1.00
Director
$0 $0 $0
Wendy Hermes JD Trustee 1.00
Director
$0 $0 $0
Marissa Hernandez Trustee/Vice Chair 1.00
Officer Director
$0 $0 $0
Lisa Hultz Trustee 1.00
Director
$0 $0 $0
J Kent Newsom Trustee 1.00
Director
$0 $0 $0
Rodrick Robinson Trustee 1.00
Director
$0 $0 $0
Jeffrey Schmeltekopf Trustee 1.00
Director
$0 $0 $0
Kyle Armstrong President/CEO 40.00
Officer
$1,311,338 $402,562 $1,713,900
Jason Whitfield VP CFO 40.00
Officer
$1,006,193 $40,795 $1,046,988
Grant Teegarden Secretary 1.00
Officer
$0 $81,438 $615,767
Jeshahnton Essex VP COO 40.00
Key Emp
$549,072 $45,727 $594,799
Karla Ramberger VP CNO (thru 1/15/2024) 40.00
Key Emp
$443,247 $39,181 $482,428
Philip Boettcher Interim CNO (eff 1/23/2024) 40.00
Key Emp
$285,805 $35,210 $321,015
Milton Packer MD Medical Director 40.00
Highest
$722,167 $28,303 $750,470
Cristie Columbus MD Medical Director 40.00
Highest
$545,690 $39,277 $584,967
Phillip Kendzior VP HRSBS - DFW Central Region 40.00
Highest
$368,518 $40,853 $409,371
Michael Duncan MD Director Cardiovascular Perfusion 40.00
Highest
$367,775 $14,768 $382,543
Daniel Gunn Medical Director 23.00
Highest
$332,491 $19,479 $367,414
Steven Newton Former Officer 0.00
$0 $631,482 $4,226,519
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
2025 No data No data No data No data
2024 $1,994,070,507 $1,470,198,617 $4,141,405,299 $523,871,890
2023 $1,733,875,111 $1,308,713,628 $3,631,048,816 $425,161,483
2022 $1,805,461,131 $1,268,919,414 $3,321,457,727 $536,541,717
2021 $1,552,606,348 $1,118,467,831 $3,119,364,960 $434,138,517
2020 $1,339,200,013 $1,061,831,106 $2,767,839,840 $277,368,907
2019 $1,364,128,584 $1,058,153,345 $2,567,220,374 $305,975,239
2018 $1,336,502,865 $1,053,994,300 $2,324,481,319 $282,508,565
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