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Nonprofiteer
← BAPTIST HEALTHCARE SYSTEM INC

Form 990 for tax year 2023

Filed by BAPTIST HEALTHCARE SYSTEM INC.

Totals

Total revenue
$4,336,531,405
Total expenses
$3,883,349,938
Contributions and grants received
$42,572,688
Grants paid
$212,926,884
Program service revenue
$4,192,465,412
Investment income
$64,553,398
Other revenue
$36,939,907
Total assets, end of year
$5,185,344,282
Total liabilities, end of year
$2,194,314,344
Net assets or fund balances, end of year
$2,991,029,938
Program services expenses (Part IX)
$3,484,580,749
Management and general expenses
$398,769,189
Fundraising expenses
$0
Program service expenses (Part III)
$3,484,580,749

Program services were 89.7% 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

    $11,964,849

  • 1e · Government grants (contributions)

    $25,450,750

  • 1f · All other contributions, gifts and grants

    $5,157,089

  • 2a · Program service revenue: Insurance & Patient Pa

    total $2,761,581,002 · related or exempt $2,757,177,664 · unrelated business $4,403,338

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

    total $1,069,029,374 · related or exempt $1,069,029,374

  • 2c · Program service revenue: Pharmacy Revenue

    total $300,112,086 · related or exempt $300,112,086

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

    total $28,458,833 · related or exempt $28,458,833

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

    total $26,163,154 · related or exempt $26,163,154

  • 2f · All other program service revenue

    total $7,120,963 · related or exempt $7,120,963

  • 3 · Investment income

    total $50,455,269 · excluded $50,455,269

  • 7a · Gross sales of assets other than inventory

    securities $2,508,340 · other assets $11,589,789

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $2,508,340 · other assets $11,589,789

  • 7d · Net gain or loss

    total $14,098,129 · excluded $14,098,129

  • 11a · Other revenue: Cafe & Coffee Shops

    total $13,293,772 · excluded $13,293,772

  • 11b · Other revenue: Purchasing Partnership

    total $6,785,173 · related or exempt $6,785,173

  • 11c · Other revenue: Research

    total $4,196,065 · related or exempt $4,196,065

  • 11d · All other revenue

    total $12,664,897 · related or exempt $6,961,848 · unrelated business $1,027,248 · excluded $4,675,801

  • 11e · Other revenue, total

    $36,939,907

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $212,926,884 · program services $212,926,884

  • 5 · Compensation of officers, directors and key employees

    total $5,826,249 · management and general $5,826,249

  • 6 · Compensation of disqualified persons

    total $516,319 · program services $516,319

  • 7 · Other salaries and wages

    total $1,275,229,770 · program services $1,080,009,765 · management and general $195,220,005

  • 8 · Pension plan contributions

    total $34,017,335 · program services $28,969,923 · management and general $5,047,412

  • 9 · Other employee benefits

    total $193,317,784 · program services $163,929,289 · management and general $29,388,495

  • 10 · Payroll taxes

    total $75,931,500 · program services $66,283,243 · management and general $9,648,257

  • 11a · Fees: management

    total $12,550,919 · program services $12,004,215 · management and general $546,704

  • 11b · Fees: legal

    total $3,130,453 · program services $490,451 · management and general $2,640,002

  • 11c · Fees: accounting

    total $668,499 · management and general $668,499

  • 11d · Fees: lobbying

    total $275,479 · management and general $275,479

  • 11f · Fees: investment management

    total $2,005,080 · management and general $2,005,080

  • 11g · Fees: other

    total $138,360,685 · program services $118,521,593 · management and general $19,839,092

  • 12 · Advertising and promotion

    total $8,738,116 · program services $486,674 · management and general $8,251,442

  • 13 · Office expenses

    total $132,814,567 · program services $98,355,823 · management and general $34,458,744

  • 14 · Information technology

    total $63,638,232 · program services $55,067,882 · management and general $8,570,350

  • 16 · Occupancy

    total $48,614,876 · program services $43,113,467 · management and general $5,501,409

  • 17 · Travel

    total $3,206,077 · program services $1,718,999 · management and general $1,487,078

  • 19 · Conferences, conventions and meetings

    total $136,306 · program services $110,233 · management and general $26,073

  • 20 · Interest

    total $53,046,893 · program services $53,046,893

  • 22 · Depreciation, depletion and amortization

    total $155,179,507 · program services $147,434,350 · management and general $7,745,157

  • 23 · Insurance

    total $26,188,208 · program services $10,847,606 · management and general $15,340,602

  • 24a · Other expenses: Medical Supplies

    total $1,034,064,487 · program services $1,029,792,345 · management and general $4,272,142

  • 24b · Other expenses: Provider Tax

    total $175,020,431 · program services $175,020,431

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

    total $135,743,888 · program services $119,991,996 · management and general $15,751,892

  • 24d · Other expenses: Administrative Expenses

    total $40,393,416 · program services $25,531,891 · management and general $14,861,525

  • 24e · All other expenses

    total $51,807,978 · program services $40,410,477 · management and general $11,397,501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,139 · end of year $16,650

  • 2 · Savings and temporary cash investments

    beginning of year $149,190,088 · end of year $119,604,528

  • 4 · Accounts receivable

    beginning of year $408,712,788 · end of year $437,313,836

  • 8 · Inventories for sale or use

    beginning of year $87,934,126 · end of year $100,305,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,991,949 · end of year $51,891,475

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

    $3,612,363,553

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

    $1,653,933,687

  • 10c · Land, buildings and equipment, net

    beginning of year $1,723,502,097 · end of year $1,958,429,866

  • 11 · Investments: publicly traded securities

    beginning of year $1,757,457,383 · end of year $2,032,511,625

  • 12 · Investments: other securities

    beginning of year $25,727,582 · end of year $29,771,294

  • 13 · Investments: program-related

    beginning of year $68,191,105 · end of year $77,059,820

  • 14 · Intangible assets

    beginning of year $11,764,412 · end of year $8,983,665

  • 15 · Other assets

    beginning of year $296,142,116 · end of year $369,456,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,722,331 · end of year $404,388,471

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,315,765,562 · end of year $1,309,260,337

  • 23 · Secured mortgages and notes payable

    beginning of year $347,536,847 · end of year $394,401,596

  • 25 · Other liabilities

    beginning of year $110,168,609 · end of year $86,263,940

  • 27 · Net assets without donor restrictions

    beginning of year $2,375,914,354 · end of year $2,959,463,144

  • 28 · Net assets with donor restrictions

    beginning of year $27,523,082 · end of year $31,566,794

Mission and programs · 2023

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 $3,484,580,749 · Grants $212,926,884 · Revenue $4,210,408,498

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerard J Colman PhD

    CEO & Director

    Total calculated
    $3,517,911
    From this org
    $3,115,807
    From related orgs
    $0
    Other
    $402,104
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,719,935
    Bonus
    $1,363,581
    Other
    $32,291
    Deferred
    $364,880
    Nontaxable benefits
    $37,224
    Filer's total
    $3,517,911

  • Aaron Thompson PhD

    Director (Through 12/31/23)

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

  • Alan Redditt

    Director (Effective 1/1/24)

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Stith

    Director

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

  • Cory Hicks

    Director (Effective 1/1/24)

    Total calculated
    $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

  • Glenn Leveridge

    Director (Through 12/31/23)

    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

  • Kerry M Stemler

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $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

  • Peter E Locken III MD

    Director (Through 10/23/23)

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

  • Rev Dr Terry T Lester

    Director (Through 12/31/23)

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

  • Robert L Hook Jr

    Director

    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

  • Victoria Buster

    Director (Through 12/31/23)

    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
    $913,869
    From this org
    $883,091
    From related orgs
    $0
    Other
    $30,778
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $711,974
    Bonus
    $155,891
    Other
    $15,226
    Deferred
    $0
    Nontaxable benefits
    $30,778
    Filer's total
    $913,869

  • Janet Norton

    Secretary, VP, Chief Legal Officer

    Total calculated
    $1,109,535
    From this org
    $1,070,881
    From related orgs
    $0
    Other
    $38,654
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $642,490
    Bonus
    $307,860
    Other
    $120,531
    Deferred
    $13,200
    Nontaxable benefits
    $25,454
    Filer's total
    $1,109,535

  • Patrick Falvey

    System Chief Operating Officer

    Total calculated
    $1,809,628
    From this org
    $1,589,511
    From related orgs
    $0
    Other
    $220,117
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,011,810
    Bonus
    $561,479
    Other
    $16,222
    Deferred
    $208,820
    Nontaxable benefits
    $11,297
    Filer's total
    $1,809,628

  • Isaac Myers MD

    Chief Health Integration Officer

    Total calculated
    $1,206,670
    From this org
    $1,166,884
    From related orgs
    $0
    Other
    $39,786
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $699,401
    Bonus
    $335,344
    Other
    $132,139
    Deferred
    $13,200
    Nontaxable benefits
    $26,586
    Filer's total
    $1,206,670

  • Joseph Prather

    Chief Strategy Officer(Through 5/24)

    Total calculated
    $1,101,833
    From this org
    $945,828
    From related orgs
    $0
    Other
    $156,005
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $636,980
    Bonus
    $297,618
    Other
    $11,230
    Deferred
    $123,594
    Nontaxable benefits
    $32,411
    Filer's total
    $1,101,833

  • Christopher Roty

    Hospital President

    Total calculated
    $879,794
    From this org
    $834,183
    From related orgs
    $0
    Other
    $45,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,097
    Bonus
    $198,899
    Other
    $14,187
    Deferred
    $13,200
    Nontaxable benefits
    $32,411
    Filer's total
    $879,794

  • Angela Mannino

    Chief HR, Marketing & Comm Officer

    Total calculated
    $965,556
    From this org
    $892,090
    From related orgs
    $0
    Other
    $73,466
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $555,156
    Bonus
    $260,686
    Other
    $76,248
    Deferred
    $44,498
    Nontaxable benefits
    $28,968
    Filer's total
    $965,556

  • Stephen R Oglesby

    Former CFO, Treas, VP(Through 1/23)

    Total calculated
    $343,444
    From this org
    $336,248
    From related orgs
    $0
    Other
    $7,196
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $277,805
    Bonus
    $49,875
    Other
    $8,568
    Deferred
    $6,511
    Nontaxable benefits
    $685
    Filer's total
    $343,444

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

  • 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 4b
Four officers and/or executives who participated in the Supplemental Executive Retirement Plan accrued amounts for 2023 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 $31,297 Joseph Prather $110,394 Patrick Falvey $195,620 Gerard J. Colman, PhD $351,680 The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Stephen R. Oglesby $6,163 Gerard J. Colman, PhD $14,389 Angela Mannino $62,326 Janet Norton $97,033 Isaac Myers, MD $108,641

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.

  • Baptist Health Care Partners LLC

    ACO · KY · income $0 · assets $0

    Directly controlled by BHSI

  • Baptist Health Network Partners LLC

    Physician Network · KY · income -$1,237,023 · assets $0

    Directly controlled by BHSI

  • Baptist Health Surgery Center Breckenridge LLC

    Ambulatory Surgery Center · KY · income $1,822,724 · assets $0

    Directly controlled by BHSI

  • Baptist Health Surgery Center Eastpoint

    Ambulatory Surgery Center · KY · income $2,324,658 · assets $0

    Directly controlled by BHSI

  • CareFirst Urgent Care Center LLC

    Urgent Care Center · KY · income $0 · assets $0

    Directly controlled by BHSI

  • Hardin Professional Services LLC

    Professional Physician Practice · KY · income $0 · assets $0

    Directly controlled by BHSI

Related partnerships

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

  • 1931 West Street

    Related · Real Estate · KY · 100% owned

    Directly controlled by BHSI

  • Baptist East Milestone LLC

    Unrelated · Fitness Center · KY · 50.23% owned · share of income -$260,058 · share of assets $2,191,862

    Directly controlled by BHSI

  • Baptist Health Cumberland Valley Surgical Center LLC

    Related · Ambulatory Surgery Center · KY · 51% owned · share of income -$163,512 · share of assets $2,962,436

    Directly controlled by BHSI

  • Baptist Health Deaconess LLC

    Related · Management · KY · 58.51% owned · share of assets $34,602,483

    Directly controlled by BHSI

  • Baptist Health Intuitive of Kentucky & Southern Indiana

    Related · Management · KY · 51% owned · share of income $667,861 · share of assets $3,936,236

    Directly controlled by BHSI

  • Baptist Health Surgery Center LLC

    Related · Ambulatory Surgery Center · KY · 93% owned · share of income -$156,368 · share of assets $7,933,983

    Directly controlled by BHSI

  • Baptist-Physicicans' Surgery Center LLC

    Related · Ambulatory Surgery Center · KY · 59.63% owned · share of income $1,424,838 · share of assets $3,159,749

    Directly controlled by BHSI

  • Medical Associates of Middletown

    Unrelated · Medical Office Building · KY · 35% owned · share of income $38,482 · share of assets $698,478

    Directly controlled by BHSI

  • Northgate Medical Imaging LLC

    Related · Outpatient Care Facility · IN · 50% owned · share of income $157,089 · share of assets $818,262

    Directly controlled by BHSI

  • Rehabilitation Hospital of Louisville LLC

    Related · Rehabilitation Hospital · AL · 40% owned · share of income -$6,034 · share of assets $1,593,326

    Directly controlled by BHSI

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 $20,484,938 · share of assets $201,071,791 · controlled entity

    Directly controlled by BHSI

  • Affiliated Nursing Service Inc

    C · Healthcare Staffing · KY · 50% owned · share of income $7,772

    Directly controlled by BHSI

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202521969349302307

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