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Nonprofiteer
← BAPTIST HEALTHCARE SYSTEM INC

Form 990 for tax year 2024

Filed by BAPTIST HEALTHCARE SYSTEM INC.

Totals

Total revenue
$4,712,737,148
Total expenses
$4,334,230,622
Contributions and grants received
$28,116,945
Grants paid
$244,409,166
Program service revenue
$4,540,300,124
Investment income
$110,306,381
Other revenue
$34,013,698
Total assets, end of year
$5,793,527,260
Total liabilities, end of year
$2,361,325,790
Net assets or fund balances, end of year
$3,432,201,470
Program services expenses (Part IX)
$3,900,613,788
Management and general expenses
$433,616,834
Fundraising expenses
$0
Program service expenses (Part III)
$3,900,613,788

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $12,803,387

  • 1e · Government grants (contributions)

    $9,126,333

  • 1f · All other contributions, gifts and grants

    $6,187,225

  • 2a · Program service revenue: Ins & Patient Payments

    total $2,935,780,228 · related or exempt $2,931,969,507 · unrelated business $3,810,721

  • 2b · Program service revenue: Medicare&Medicaid Pmts

    total $1,104,421,770 · related or exempt $1,104,421,770

  • 2c · Program service revenue: Pharmacy Revenue

    total $432,661,873 · related or exempt $432,661,873

  • 2d · Program service revenue: Exempt & MOB Rent

    total $31,456,334 · related or exempt $31,456,334

  • 2e · Program service revenue: Management Fees-Exempt Revenue

    total $26,458,006 · related or exempt $26,458,006

  • 2f · All other program service revenue

    total $9,521,913 · related or exempt $9,521,913

  • 3 · Investment income

    total $55,249,493 · excluded $55,249,493

  • 7a · Gross sales of assets other than inventory

    securities $51,803,477 · other assets $3,253,411

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $51,803,477 · other assets $3,253,411

  • 7d · Net gain or loss

    total $55,056,888 · excluded $55,056,888

  • 11a · Other revenue: Cafe & Coffee Shops

    total $14,612,818 · excluded $14,612,818

  • 11b · Other revenue: Research

    total $7,767,565 · related or exempt $7,767,565

  • 11c · Other revenue: Misc Revenue

    total $5,542,786 · related or exempt $5,443,107 · unrelated business $99,679

  • 11d · All other revenue

    total $6,090,529 · unrelated business $1,027,531 · excluded $5,062,998

  • 11e · Other revenue, total

    $34,013,698

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $244,409,166 · program services $244,409,166

  • 5 · Compensation of officers, directors and key employees

    total $8,403,907 · management and general $8,403,907

  • 6 · Compensation of disqualified persons

    total $116,771 · program services $116,771

  • 7 · Other salaries and wages

    total $1,345,873,071 · program services $1,145,655,003 · management and general $200,218,068

  • 8 · Pension plan contributions

    total $37,741,847 · program services $32,278,596 · management and general $5,463,251

  • 9 · Other employee benefits

    total $206,033,338 · program services $174,223,591 · management and general $31,809,747

  • 10 · Payroll taxes

    total $91,894,836 · program services $79,132,956 · management and general $12,761,880

  • 11a · Fees: management

    total $13,329,640 · program services $12,722,936 · management and general $606,704

  • 11b · Fees: legal

    total $2,999,009 · program services $204,266 · management and general $2,794,743

  • 11c · Fees: accounting

    total $680,573 · management and general $680,573

  • 11d · Fees: lobbying

    total $356,954 · management and general $356,954

  • 11f · Fees: investment management

    total $2,275,058 · management and general $2,275,058

  • 11g · Fees: other

    total $157,465,636 · program services $136,217,255 · management and general $21,248,381

  • 12 · Advertising and promotion

    total $8,877,441 · program services $880,029 · management and general $7,997,412

  • 13 · Office expenses

    total $158,748,615 · program services $118,457,755 · management and general $40,290,860

  • 14 · Information technology

    total $71,500,764 · program services $62,195,360 · management and general $9,305,404

  • 16 · Occupancy

    total $52,630,135 · program services $46,387,147 · management and general $6,242,988

  • 17 · Travel

    total $4,199,073 · program services $2,525,392 · management and general $1,673,681

  • 19 · Conferences, conventions and meetings

    total $55,029 · program services $43,039 · management and general $11,990

  • 20 · Interest

    total $68,972,317 · program services $68,972,317

  • 22 · Depreciation, depletion and amortization

    total $188,829,606 · program services $178,933,735 · management and general $9,895,871

  • 23 · Insurance

    total $28,914,762 · program services $16,318,744 · management and general $12,596,018

  • 24a · Other expenses: Medical Supplies

    total $1,202,366,058 · program services $1,197,377,606 · management and general $4,988,452

  • 24b · Other expenses: Provider Tax

    total $186,061,445 · program services $186,061,445

  • 24c · Other expenses: Purchased Svcs-Non-Med

    total $76,347,051 · program services $61,744,188 · management and general $14,602,863

  • 24d · Other expenses: Purchased Svcs-Medical

    total $71,260,091 · program services $69,543,928 · management and general $1,716,163

  • 24e · All other expenses

    total $103,888,429 · program services $66,212,563 · management and general $37,675,866

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,650 · end of year $18,298

  • 2 · Savings and temporary cash investments

    beginning of year $119,604,528 · end of year $264,798,743

  • 4 · Accounts receivable

    beginning of year $437,313,836 · end of year $452,568,830

  • 5 · Loans and receivables from officers and key people

    end of year $1,728,088

  • 7 · Other notes and loans receivable

    end of year $250,701

  • 8 · Inventories for sale or use

    beginning of year $100,305,278 · end of year $111,047,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,891,475 · end of year $40,884,579

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

    $3,846,478,072

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

    $1,793,315,348

  • 10c · Land, buildings and equipment, net

    beginning of year $1,958,429,866 · end of year $2,053,162,724

  • 11 · Investments: publicly traded securities

    beginning of year $1,027,851,811 · end of year $1,229,439,418

  • 12 · Investments: other securities

    beginning of year $1,034,431,108 · end of year $1,069,740,146

  • 13 · Investments: program-related

    beginning of year $77,059,820 · end of year $88,777,427

  • 14 · Intangible assets

    beginning of year $8,983,665 · end of year $9,665,745

  • 15 · Other assets

    beginning of year $369,456,245 · end of year $471,444,979

  • 17 · Accounts payable and accrued expenses

    beginning of year $404,388,471 · end of year $411,057,503

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,309,260,337 · end of year $1,704,544,140

  • 23 · Secured mortgages and notes payable

    beginning of year $394,401,596 · end of year $197,764,616

  • 25 · Other liabilities

    beginning of year $86,263,940 · end of year $47,959,531

  • 27 · Net assets without donor restrictions

    beginning of year $2,959,463,144 · end of year $3,398,544,202

  • 28 · Net assets with donor restrictions

    beginning of year $31,566,794 · end of year $33,657,268

Mission and programs · 2024

Mission

The mission of Baptist Health is to exemplify our Christian heritage of providing quality healthcare services by enhancing the physical & emotional health of the people & communities we serve, guided by integrity, respect, stewardship, excellence, compassion & joy.

Activities or mission (Part I)

Provide quality healthcare services & enhance the health of the people & communities we serve.

  • See Schedule O

    Expenses $3,900,613,788 · Grants $244,409,166 · Revenue $4,553,510,796

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Redditt

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gerard J Colman PhD

    System President, CEO & Dir

    Total calculated
    $5,838,744
    From this org
    $5,671,807
    From related orgs
    $0
    Other
    $166,937
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,775,200
    Bonus
    $3,612,076
    Other
    $284,531
    Deferred
    $127,579
    Nontaxable benefits
    $39,358
    Filer's total
    $5,838,744

  • Bonnie Stith

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cory Hicks

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dwain Morris

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jennifer Thomas

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jonathan Westbrook

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Kerry M Stemler

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kirsten Hawley

    Director (Effective 1/1/25)

    Total calculated
    $0
    Hours/week
    1

  • Lewis Diaz

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Linda J Thomas PhD

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert L Hook Jr

    Director (Through 12/1/24)

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tammy Zimmerman

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William B Shircliff

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • William Jeffrey Fultz

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard F Carrico

    CFO, Treasurer, VP

    Total calculated
    $1,666,118
    From this org
    $1,615,014
    From related orgs
    $0
    Other
    $51,104
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $849,088
    Bonus
    $487,888
    Other
    $278,038
    Deferred
    $13,800
    Nontaxable benefits
    $37,304
    Filer's total
    $1,666,118

  • Janet Norton

    Chief Legal Officer, VP, Secretary

    Total calculated
    $1,252,551
    From this org
    $1,211,941
    From related orgs
    $0
    Other
    $40,610
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $663,360
    Bonus
    $425,349
    Other
    $123,232
    Deferred
    $13,800
    Nontaxable benefits
    $26,810
    Filer's total
    $1,252,551

  • Patrick Falvey

    System Chief Operating Officer

    Total calculated
    $2,173,870
    From this org
    $1,989,604
    From related orgs
    $0
    Other
    $184,266
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,044,511
    Bonus
    $881,376
    Other
    $63,717
    Deferred
    $172,377
    Nontaxable benefits
    $11,889
    Filer's total
    $2,173,870

  • Isaac Myers MD

    Chief Health Integration Officer

    Total calculated
    $1,362,425
    From this org
    $1,320,485
    From related orgs
    $0
    Other
    $41,940
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $721,949
    Bonus
    $463,321
    Other
    $135,215
    Deferred
    $13,800
    Nontaxable benefits
    $28,140
    Filer's total
    $1,362,425

  • Angela Mannino

    Chief HR, Marketing & Comm Officer

    Total calculated
    $1,149,135
    From this org
    $1,075,707
    From related orgs
    $0
    Other
    $73,428
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $572,814
    Bonus
    $420,095
    Other
    $82,798
    Deferred
    $41,798
    Nontaxable benefits
    $31,630
    Filer's total
    $1,149,135

  • Christopher Roty

    Hospital President

    Total calculated
    $997,879
    From this org
    $949,823
    From related orgs
    $0
    Other
    $48,056
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $641,246
    Bonus
    $291,484
    Other
    $17,093
    Deferred
    $13,800
    Nontaxable benefits
    $34,256
    Filer's total
    $997,879

  • Tricia Julian

    Chief Information Officer

    Total calculated
    $917,261
    From this org
    $882,913
    From related orgs
    $0
    Other
    $34,348
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $537,463
    Bonus
    $340,528
    Other
    $4,922
    Deferred
    $13,800
    Nontaxable benefits
    $20,548
    Filer's total
    $917,261

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
One officer and director, Gerard J. Colman PhD, received a gross up. As part of the split dollar arrangement, there was a small amount of forgiven interest which was reported as compensation and was grossed up in accordance with the plan. The amount of the gross up was $194 and was treated as taxable compensation.
Part I, Line 4b
Three officers and/or executives who participated in the Supplemental Executive Retirement Plan accrued amounts for 2024 which is a portion of the amount reported as deferred compensation in Schedule J, Column C. Other retirement and deferred compensation reported in Schedule J, Column C include amounts for the Retirement Accumulation Plan and Thrift Plan. The following individuals participate in and accrued amounts from the Supplemental Executive Retirement Plan: Angela Mannino $27,998 Gerard J. Colman, PhD $113,779 Patrick Falvey $158,577 The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Patrick Falvey $47,995 Angela Mannino $68,776 Janet Norton $99,734 Isaac Myers, MD $111,717 Richard F. Carrico $254,540 Gerard J. Colman, PhD $265,974 The following individual participates in a split dollar life insurance arrangement and received the following amount: Gerard J. Colman, PhD $1,156 See Schedule L, Part V, for a broader description of the arrangement.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

Related partnerships

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

Related corporations and trusts

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

  • Baptist Health Assurance Group LTD

    T · Captive Insurance Company · KY · 100% owned · share of income $16,833,657 · share of assets $214,908,344 · controlled entity

    Directly controlled by BHSI

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202642059349301034

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