BAPTIST MEMORIALS MINISTRIES

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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

1951

Legal Domicile

Principal Officer

DR ALBERT REYES

Phone

2147588000

Tax Period

2023-01-01 to 2023-12-31

BAPTIST MEMORIALS MINISTRIES, founded in 1951, is a mid-sized nonprofit in the Health Care sector that reported $16.5M in total revenue in fiscal year 2023. Expenses of $15.9M left a modest 4% surplus.

Mission

PROVIDE CARE, MAINTENANCE, HOUSING AND RELATED SERVICES TO ALLOW SENIOR ADULTS TO RECEIVE A HIGH QUALITY CONTINUUM OF CARE THROUGHOUT THEIR LATER YEARS IN AN ATMOSPHERE THAT PROMOTES AN ACTIVE, HEALTHY, CHRISTIAN LIFESTYLE WHILE MAINTAINING THEIR INDEPENDENCE AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $8,863,059 Revenue: $6,345,147

BAPTIST MEMORIALS MINISTRIES (BMM) PROVIDES LONG-TERM CARE FOR AN AVERAGE CENSUS OF 62 WITH A PRIMARY DIAGNOSIS OF ALZHEIMER'S OR RELATED DEMENTIA, OF WHICH 34% ARE MEDICAID ELIGIBLE.

Program 2

Expenses: $3,440,244 Revenue: $4,556,377

PROVIDE AFFORDABLE INDEPENDENT LIVING IN COTTAGES, DUPLEXES OR APARTMENTS FOR APPROXIMATELY 342 INDIVIDUALS LIVING IN 272 UNITS (SAN ANGELO ONLY).

Program 3

Expenses: $2,403,991 Revenue: $2,171,377

PROVIDE AFFORDABLE ASSISTED LIVING CARE FOR AN AVERAGE CENSUS OF 27.

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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 $433,842

Program Service Revenue $13,272,218

Investment Income $2,708,614

Other Revenue $98,254

TOTAL REVENUE $16,512,928

Expense Breakdown

Grants Paid $52,962

Salaries & Benefits $8,669,138

Fundraising Expenses $0

Program Expenses $15,084,823

Other Expenses $7,155,673

TOTAL EXPENSES $15,877,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,512,928	$15,568,609	+0.1%
Expenses	$15,877,773	$15,251,195	+0.0%
Net Income	$635,155	$317,414	+1.0%

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

223

Volunteers

181

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

$2,880,090

Total Directors

$694,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALBERT REYES	PRESIDENT & CEO	2.00	Officer Director	$0	$174,369	$694,760
LISA EADY	DIRECTOR	1.00	Director	$0	$0	$0
DR RIEFFORD GAIL FLOOD	DIRECTOR, CHAIR	1.00	Director	$0	$0	$0
TOMMY HIEBERT	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY MIMS	DIRECTOR	1.00	Director	$0	$0	$0
TROYCE WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE WILSON	BRS PRESIDENT	2.00	Officer	$0	$63,132	$440,538
JEFFREY GENTRY	SR. VICE PRESIDENT & CFO	2.00	Officer	$0	$57,055	$493,661
PRISCILLA REIMER	SR. VP & GENERAL COUNSEL & SECRETARY	2.00	Officer	$0	$51,692	$385,208
MICHAEL OLMSTEAD	VICE PRESIDENT & COO (AS OF 3/23)	5.00	Officer	$0	$12,819	$234,568
RICHARD MUNOZ	ASSISTANT SECRETARY	2.00	Officer	$0	$28,237	$249,184
KAYLA COLEMAN	ASSISTANT SECRETARY	2.00	Officer	$0	$13,798	$229,466
CHRISTINA ALLERT	ASSISTANT SECRETARY	2.00	Officer	$0	$7,894	$152,705
AARON HARGETT	EXECUTIVE DIRECTOR	40.00	Highest	$174,522	$14,444	$188,966
STANLEY WINKLEY	DIRECTOR OF NURSING	40.00	Highest	$108,984	$9,424	$118,408
DAISY TOMS	HEALTHCARE ADMINISTRATOR	40.00	Highest	$104,365	$5,974	$110,339

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	No data	No data	No data	No data
2023	$16,512,928	$15,877,773	$75,672,446	$635,155
2022	$15,568,609	$15,251,195	$72,587,033	$317,414
2021	$18,028,006	$14,075,716	$76,405,250	$3,952,290
2020	$16,363,187	$13,791,198	$67,538,021	$2,571,989
2019	$11,411,493	$13,338,069	$59,860,668	$-1,926,576
2018	$15,414,806	$15,806,892	$55,825,001	$-392,086