BAPTIST MEMORIAL HOSPITAL-CRITTENDEN INC

EIN: 823844150 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$26,926,838
Total Expenses
$23,484,364
Total Assets
$14,470,558
Net Assets
$8,166,085
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AR
Principal Officer
JASON M LITTLE
Phone
8703947800
Tax Period
2023-10-01 to 2024-09-30

BAPTIST MEMORIAL HOSPITAL-CRITTENDEN INC, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $26.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $23.5M left a modest 13% surplus.

Mission

BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC. PROVIDES QUALITY MEDICAL HEALTH CARE TO PERSONS IN NEED REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

Program Service Accomplishments

Program 1
Expenses: $20,818,255 Revenue: $26,893,961

BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, 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-CRITTENDEN, 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-CRITTENDEN, 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-CRITTENDEN, 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, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC. OPENED ITS DOORS IN DECEMBER 2018 TO BEGIN SERVING THE COMMUNITY AND ITS HEALTH CARE NEEDS. PRIOR TO THE HOSPITAL OPENING, CRITTENDEN COUNTY HAD ENDURED FOUR YEARS WITHOUT AN INPATIENT BED, AN EMERGENCY DEPARTMENT, OR A CT SCANNER IN THE COMMUNITY. PATIENTS HAD TO DRIVE TO TENNESSEE OR AN HOUR NORTHWEST TO JONESBORO, ARKANSAS FOR THESE AND MANY OTHER TYPES OF SERVICES. THE LARGEST PROGRAM SERVICES PROVIDED THE FOLLOWING FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024: - THE ONCOLOGY DEPARTMENT PROVIDED 4,547 BILLABLE PROCEDURES AT A COST OF $3,694,957.- THE ER DEPARTMENT HAD 22,231 VISITS AT A COST OF $3,387,683.- THE RADIOLOGY DEPARTMENT PERFORMED 35,333 PROCEDURES AT A COST OF $1,822,296.- THE LAB DEPARTMENT PROVIDED 118,350 TESTS AT A COST OF $1,471,503.- THE MEDICAL/SURGICAL DEPARTMENT PROVIDED CARE FOR 1,782 DAYS AT A COST OF $1,126,304. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC. PROVIDED SERVICES FOR 471 INPATIENTS AND MORE THAN 30,320 OUTPATIENTS.BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, 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-CRITTENDEN, 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 $26,933,869. 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-CRITTENDEN, INC. BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. EDUCATIONAL PROGRAMS WERE OFFERED TO THE PUBLIC ON A PERIODIC BASIS. IN ADDITION, VARIOUS SUPPORT AND COMMUNITY GROUPS REGULARLY MEET IN THE HOSPITAL MEETING ROOMS. PARAMEDIC STUDENTS FROM ARKANSAS STATE UNIVERSITY - MIDSOUTH COME TO BAPTIST MEMORIAL HOSPITAL-CRITTENDEN, INC. TO COMPLETE THEIR CLINICAL ROTATIONS. STUDENTS ALSO COME FROM ARKANSAS STATE UNIVERSITY TO RECEIVE TRAINING IN RADIOLOGY. DIRECT SUPPORT: - AMERICAN HOSPITAL ASSOCIATION - ARKANSAS HOSPITAL ASSOCIATION - MARION CHAMBER OF COMMERCE - WEST MEMPHIS CHAMBER OF COMMERCE - MARION ROTARY - DELTA ARTS - NATIONAL TOURISM & HERITAGE COMMUNITY ACTIVITIES: - LEADERSHIP WEST MEMPHIS CHAMBER OF COMMERCE- MARION CHAMBER OF COMMERCE BOARD- HEALTH FAIRS- SPEAKERS ON HEALTH TOPICS FOR ROTARY CLUB, MARION CHAMBER OF COMMERCE, AND WEST MEMPHIS CHAMBER OF COMMERCE- MEMPHIS POLICE DEPARTMENT - BOYS & GIRLS CLUB OF CRITTENDEN COUNTY- ASU MID-SOUTH - ACHIEVERS LEARNING ACADEMY- PROJECT NEURO

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $26,300,773
Investment Income $2,096
Other Revenue $623,969
TOTAL REVENUE $26,926,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,691,801
Fundraising Expenses $0
Program Expenses $20,818,255
Other Expenses $13,792,563
TOTAL EXPENSES $23,484,364

Year-over-Year Comparison

2023 2022 Change
Revenue $26,926,838 $23,373,381 +0.2%
Expenses $23,484,364 $22,174,382 +0.1%
Net Income $3,442,474 $1,198,999 +1.9%
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
7
Independent Members
2
Employees
209
Volunteers
2

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
6
$6,390,867
Total Directors
9
$7,416,480
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON M LITTLE DIRECTOR/PRESIDENT 0.23
Officer Director
$0 $108,222 $3,155,218
ARIE SZATKOWSKI MD DIRECTOR 0.23
Director
$0 $92,002 $1,571,032
GARY C ANDERSON DIRECTOR (THRU 12/23)/VICE PRESIDENT 0.23
Officer Director
$0 $88,606 $1,300,745
EDWIN P CADE DIRECTOR 0.23
Director
$0 $105,548 $723,056
CARY FINN MD DIRECTOR 0.23
Director
$0 $67,492 $589,929
DALE MORRIS MD CHAIRMAN 0.23
Director
$0 $0 $0
KRIS AZLIN DIRECTOR (AS OF 01/24) 0.23
Director
$0 $0 $0
RIAD HOMSI MD DIRECTOR 0.23
Director
$0 $0 $76,500
SPENCE WILSON DIRECTOR (THRU 12/23) 0.23
Director
$0 $0 $0
GREGORY M DUCKETT SECRETARY 0.23
Officer
$0 $90,318 $1,346,501
SAMUEL PIEH CEO 40.00
Officer
$0 $49,739 $299,814
ROPO O SANVEE CONTROLLER 20.00
Officer
$0 $33,094 $149,634
JEREMY WEBSTER CHIEF NURSING OFFICER 40.00
Officer
$114,482 $24,473 $138,955
BRIAN A EWERT SUPERVISOR-ADMINISTRATIVE HOUSE 36.74
Highest
$106,482 $45,460 $162,555
CORY B CHASTAIN PHARMACIST 40.00
Highest
$138,911 $13,203 $152,114
TABITHA BELL REGISTERED NURSE 35.54
Highest
$100,394 $19,915 $145,470
STEPHEN T EARNSHAW NURSE MANAGER 40.00
Highest
$110,718 $33,942 $144,660
FREDA L CUNNINGHAM PHARMACIST 40.00
Highest
$121,402 $17,308 $138,710
PAUL D DEPRIEST MD FORMER VICE PRESIDENT 0.00
$0 $85,100 $2,156,966
BRIAN WELTON FORMER CEO 0.00
$0 $57,398 $364,293
CARA BEARD FORMER CHIEF NURSING OFFICER 0.00
$0 $31,976 $201,368
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 $26,926,838 $23,484,364 $14,470,558 $3,442,474
2023 $23,373,381 $22,174,382 $14,239,115 $1,198,999
2022 $19,359,408 $21,449,858 $12,730,182 $-2,090,450
2021 $28,634,705 $20,009,581 $17,033,846 $8,625,124
2020 $16,548,520 $17,296,543 $14,751,605 $-748,023
2019 $11,725,000 $13,901,582 $17,214,254 $-2,176,582
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