Baylor University Medical Center (EIN 751837454) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

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

Faith based acute care hospital providing exemplary patient care, medical education, medical research and community service to residents of the Dallas/Fort Worth twelve county region since 1903.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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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Financial Health Indicators

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

Governance

Voting Members

Independent Members

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

$3,376,655

Total Directors

$1,152,662

Key Employees

$1,398,242

Highest Compensated

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

Baylor University Medical Center