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 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

The mission of Baptist Health Foundation Floyd is to assist, advance, strengthen and support its sole member, Baptist Healthcare System, Inc. in their mission and ministry of continuing our Christian heritage of service by enhancing the health of the people and communities we serve. Baptist Health Foundation Floyd will encourage, solicit and receive donations, bequests, gifts and benefactions made to or for the benefit of Baptist Health Floyd hospital, an unincorporated operating division of Baptist Healthcare System, Inc. (BHS). BHS is described under Section 501(C)(3) and is classified under Section 509(A)(1) as a public charity. The foundation is operated exclusively for the benefit of, to perform the functions of, and to carry out the mission and purposes of Baptist Healthcare System, Inc.

Program Service Accomplishments

Program 1
Expenses: $47,725

The primary purpose of Baptist Health Foundation Floyd is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Floyd, a hospital owned...

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The primary purpose of Baptist Health Foundation Floyd is to promote philanthropy and charitable giving to provide resources to assist, advance, and strengthen Baptist Health Floyd, a hospital owned and operated by Baptist Healthcare System, Inc., in fulfilling the mission of the hospital and Baptist Healthcare System, Inc. providing for the region's health needs. Baptist Health Floyd provides medically necessary care to all patients regardless of race, religion, sex, national origin, disability, age or ability to pay. Donations made to Baptist Health Foundation Floyd are used to support patient care and the capital needs of 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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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
2025 No data No data No data No data
2024 $485,098 $185,796 $309,103 $299,302
2023 $48,988 $48,988 No data No data
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