Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,787,747

• 1e · Government grants (contributions)

  $1,881,677

• 1f · All other contributions, gifts and grants

  $26,000

• 1g · Noncash contributions included above

  $28,585

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $845,134,531 · related or exempt $845,134,531

• 2b · Program service revenue: LABORATORY SERVICES

  total $588,001 · unrelated business $588,001

• 2c · Program service revenue: 340B PHARMACY REVENUE

  total $46,736,638 · related or exempt $46,736,638

• 2f · All other program service revenue

  total $212,316 · related or exempt $212,316 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $8,289,676 · unrelated business $55,810 · excluded $8,233,866

• 6a · Gross rents

  real property $19,338,434

• 6c · Rental income or loss

  real property $19,338,434 · personal property $0

• 6d · Net rental income or loss

  total $19,338,434 · excluded $19,338,434

• 7a · Gross sales of assets other than inventory

  other assets $5,015,140

• 7b · Less cost or other basis and sales expenses

  securities $594,138 · other assets $1,094,674

• 7c · Gain or loss

  securities -$594,138 · other assets $3,920,466

• 7d · Net gain or loss

  total $3,326,328 · excluded $3,326,328

• 11a · Other revenue: PARTNERSHIP INCOME

  total $6,792,189 · related or exempt $6,681,512 · unrelated business $110,677

• 11b · Other revenue: MANAGEMENT SERVICES

  total $3,512,500 · related or exempt $2,910,899 · unrelated business $601,601

• 11c · Other revenue: ALL OTHER REVENUE

  total $955,897 · excluded $955,897

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $11,260,586

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $988,350 · program services $988,350

• 2 · Grants to domestic individuals

  total $133,790 · program services $133,790

• 5 · Compensation of officers, directors and key employees

  total $9,959,068 · program services $7,967,254 · management and general $1,991,814 · fundraising $0

• 6 · Compensation of disqualified persons

  total $872,491 · program services $741,617 · management and general $130,874

• 7 · Other salaries and wages

  total $316,163,768 · program services $268,739,203 · management and general $47,424,565

• 8 · Pension plan contributions

  total $5,156,678 · program services $4,383,176 · management and general $773,502

• 9 · Other employee benefits

  total $32,231,133 · program services $27,396,463 · management and general $4,834,670

• 10 · Payroll taxes

  total $20,597,647 · program services $17,508,000 · management and general $3,089,647

• 11b · Fees: legal

  total $1,516,639 · program services $1,516,639

• 11c · Fees: accounting

  total $612,024 · management and general $612,024

• 11f · Fees: investment management

  total $261,580 · management and general $261,580

• 11g · Fees: other

  total $109,967,494 · program services $93,472,369 · management and general $16,495,125 · fundraising $0

• 12 · Advertising and promotion

  total $1,421,655 · program services $568,662 · management and general $852,993

• 13 · Office expenses

  total $11,841,511 · program services $4,736,604 · management and general $7,104,907

• 14 · Information technology

  total $22,461,477 · program services $19,092,255 · management and general $3,369,222

• 16 · Occupancy

  total $31,637,266 · program services $28,473,539 · management and general $3,163,727

• 17 · Travel

  total $1,423,674 · program services $1,138,939 · management and general $284,735

• 20 · Interest

  total $26,852,994 · program services $25,029,312 · management and general $1,823,682

• 22 · Depreciation, depletion and amortization

  total $50,586,581 · program services $8,093,853 · management and general $42,492,728

• 23 · Insurance

  total $15,943,259 · program services $1,594,326 · management and general $14,348,933

• 24a · Other expenses: MEDICAL SUPPLIES

  total $182,947,019 · program services $182,947,019

• 24b · Other expenses: BAD DEBT EXPENSE

  total $50,753,522 · program services $50,753,522

• 24c · Other expenses: PROVIDER TAX & ASSESSMENTS

  total $16,127,980 · program services $16,127,980

• 24d · Other expenses: MEDICAL EQUIPMENT LEASES

  total $1,926,412 · program services $1,926,412

• 24e · All other expenses

  total $1,299,567 · program services $1,104,632 · management and general $194,935 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $73,457,298 · end of year $9,613,427

• 2 · Savings and temporary cash investments

  beginning of year $220,572,676 · end of year $318,315,224

• 4 · Accounts receivable

  beginning of year $103,824,551 · end of year $98,750,825

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $15,517,730 · end of year $14,201,398

• 9 · Prepaid expenses and deferred charges

  beginning of year $15,104,082 · end of year $15,683,829

• 10a · Land, buildings and equipment: cost or other basis

  $1,257,671,622

• 10b · Land, buildings and equipment: accumulated depreciation

  $409,043,933

• 10c · Land, buildings and equipment, net

  beginning of year $844,399,721 · end of year $848,627,689

• 11 · Investments: publicly traded securities

  beginning of year $16,037,759 · end of year $18,340,571

• 12 · Investments: other securities

  beginning of year $31,509,471 · end of year $30,142,273

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $4,882,982 · end of year $3,906,386

• 15 · Other assets

  beginning of year $34,162,146 · end of year $36,005,607

• 17 · Accounts payable and accrued expenses

  beginning of year $191,626,409 · end of year $111,261,921

• 18 · Grants payable

  beginning of year $1,225,190 · end of year $1,231,474

• 19 · Deferred revenue

  beginning of year $0 · end of year $2,030,309

• 20 · Tax-exempt bond liabilities

  beginning of year $774,950,505 · end of year $766,720,378

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $8,394,579 · end of year $7,221,890

• 25 · Other liabilities

  beginning of year $137,968,443 · end of year $192,463,415

• 27 · Net assets without donor restrictions

  beginning of year $243,806,489 · end of year $311,107,332

• 28 · Net assets with donor restrictions

  beginning of year $1,496,801 · end of year $1,550,510

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

THE FOLLOWING OFFICERS/KEY EMPLOYEES RECEIVED TAX GROSS-UP PAYMENTS THAT WERE INCLUDED IN THEIR W-2 TAXABLE WAGES: CYD CADENA JULIE CARDWELL MARK FAULKNER ELIZABETH CALLAHAN JOHN PORTER ANDREW TERRY

Schedule J, Part I, Line 4a Severance or change-of-control payment

THE FOLLOWING OFFICERS/KEY EMPLOYEES RECEIVED SEVERANCE PAYMENTS DURING THE TAX YEAR 2023: DAVID JOYNER, M.D. - $302,336 JORGE PARODI - $107,892 ROBERT TONKINSON - $10,098

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: BRETT ALDRIDGE ELIZABETH CALLAHAN JULIE CARDWELL MARK FAULKNER JENNIFER GROVE THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE TAX YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BAPTIST MEDICAL GROUP LLC

  PHYSICIAN SERVICES · FL · income $84,384,261 · assets $15,662,449

  Directly controlled by BHCI

• BAPTIST PHYSICIAN ASSOCIATES LLC

  PHYSICIAN SERVICES · FL · income $0 · assets $0

  Directly controlled by BHCI

• BAPTIST HEALTH CARE PROPERTIES LLC

  REAL ESTATE · FL · income $0 · assets $738,924,302

  Directly controlled by BHCI

• BAPTIST URGENT CARE LLC

  PHYSICIAN SVC · FL · income $4,112,098 · assets $330,044

  Directly controlled by BHCI

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BAPTIST MEDICAL PARK SURGERY CENTER LLC

  N/A · AMBULATORY SURGERY · FL

  Directly controlled by NA

• ANDREWS INSTITUTE ASC LLC

  Related · AMBULATORY SURGERY · FL · 55.56% owned · share of income $6,118,404 · share of assets $9,632,265

  Directly controlled by BHCI

• LIGHTHOUSE HEALTH PLAN LLC

  Unrelated · HEALTH INSURANCE · FL · 60% owned · share of income $110,473 · share of assets $0

  Directly controlled by BHCI

• BHI-INTUITIVE HEALTH OF ESCAMBIA COUNTY LLC

  Related · FREESTANDING ED · FL · 51% owned · share of income $586,517 · share of assets $1,271,288

  Directly controlled by BHCI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BAPTIST HEALTH VENTURES INC

  C Corporation · ADMINISTRATIVE · FL · 100% owned · share of income $28,122,807 · share of assets $23,755,643 · controlled entity

  Directly controlled by BHCI

• THE TOWERS PHARMACY INC

  C Corporation · RETAIL SALES · FL · 100% owned · share of income $1,637,754 · share of assets $6,076,062 · controlled entity

  Directly controlled by NA

• LCC HOLDING COMPANY INC

  C Corporation · MEDICAL SERVICES · FL · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by BHCI