Baptist Health Foundation Floyd Inc

EIN: 922389529 501(c)(3) Health Care

Louisville, KY

Total Revenue
$485,098
Total Expenses
$185,796
Total Assets
$309,103
Net Assets
$308,195
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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
2023
Legal Domicile
IN
Principal Officer
Michael Schroyer
Phone
5028965000
Tax Period
2023-09-01 to 2024-08-31

Baptist Health Foundation Floyd Inc, founded in 2023, is a small nonprofit in the Health Care sector that reported $485K in total revenue in fiscal year 2023. Revenue surged 890% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 62% operating margin.

Mission

To assist, advance and strengthen Baptist Health Floyd hospital.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $484,651
Program Service Revenue $0
Investment Income $447
Other Revenue $0
TOTAL REVENUE $485,098

Expense Breakdown

Grants Paid $10,901
Salaries & Benefits $138,769
Fundraising Expenses $52,727
Program Expenses $47,725
Other Expenses $36,126
TOTAL EXPENSES $185,796

Year-over-Year Comparison

2023 2022 Change
Revenue $485,098 $48,988 +8.9%
Expenses $185,796 $48,988 +2.8%
Net Income $299,302 $0 N/A
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

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Governance

Voting Members
9
Independent Members
8
Employees
2
Volunteers
10

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
$3,012,845
Total Directors
9
$643,666
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Carruthers Director (Effective 1/1/24) 1.00
Director
$0 $0 $0
Anthony Waterson Chair & Director 1.00
Officer Director
$0 $0 $0
Cedric Knight Director (Effective 1/1/24) 1.00
Director
$0 $0 $0
Daniel Wickens Director (Effective 1/1/24) 1.00
Director
$0 $0 $0
David Barker Director (Effective 1/1/24) 1.00
Director
$0 $0 $0
John Cassis Director (Effective 1/1/24) 1.00
Director
$0 $0 $0
Kyle Douglas Lanoue Director 1.00
Director
$0 $0 $0
Michael Schroyer President & Director 1.00
Officer Director
$0 $38,936 $643,666
Nicole Dudley Vice Chair & Director 1.00
Officer Director
$0 $0 $0
Emily Byrd Asst Secretary (Through 1/2/24) 20.00
Officer
$0 $13,465 $75,449
Janet M Norton Secretary 1.00
Officer
$0 $38,654 $1,109,535
Jon Chastain Asst Treasurer 1.00
Officer
$0 $30,102 $270,326
Richard F Carrico Treasurer 1.00
Officer
$0 $30,778 $913,869
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 $485,098 $185,796 $309,103 $299,302
2023 $48,988 $48,988 No data No data
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