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Nonprofiteer
← BAPTIST HEALTHCARE SYSTEM INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTHCARE SYSTEM INC.

Totals

Total revenue
$3,692,771,906
Total expenses
$3,533,165,433
Contributions and grants received
$14,000,088
Grants paid
$196,554,326
Program service revenue
$3,648,050,179
Investment income
-$10,236,443
Other revenue
$40,958,082
Total assets, end of year
$4,563,630,785
Total liabilities, end of year
$2,160,193,349
Net assets or fund balances, end of year
$2,403,437,436
Program services expenses (Part IX)
$3,165,993,883
Management and general expenses
$367,171,550
Fundraising expenses
$0
Program service expenses (Part III)
$3,165,993,883

Program services were 89.6% 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

    $9,883,147

  • 1e · Government grants (contributions)

    $3,915,209

  • 1f · All other contributions, gifts and grants

    $201,732

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

    total $2,241,015,846 · related or exempt $2,236,805,184 · unrelated business $4,210,662

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

    total $1,092,516,421 · related or exempt $1,092,516,421

  • 2c · Program service revenue: Pharmacy Revenue

    total $224,663,679 · related or exempt $224,663,679

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

    total $52,028,484 · related or exempt $52,028,484

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

    total $22,135,243 · related or exempt $22,135,243

  • 2f · All other program service revenue

    total $15,690,506 · related or exempt $15,690,506

  • 3 · Investment income

    total $38,198,992 · excluded $38,198,992

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

    securities $45,885,650 · other assets $2,549,785

  • 7c · Gain or loss

    securities -$45,885,650 · other assets -$2,549,785

  • 7d · Net gain or loss

    total -$48,435,435 · excluded -$48,435,435

  • 11a · Other revenue: Cafe & Coffee Shops

    total $12,037,023 · excluded $12,037,023

  • 11b · Other revenue: Purchasing Partnership

    total $6,283,929 · related or exempt $6,283,929

  • 11c · Other revenue: Research

    total $4,525,560 · related or exempt $4,525,560

  • 11d · All other revenue

    total $18,111,570 · related or exempt $12,255,867 · unrelated business $1,717,758 · excluded $4,137,945

  • 11e · Other revenue, total

    $40,958,082

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $196,554,326 · program services $196,554,326

  • 5 · Compensation of officers, directors and key employees

    total $5,085,883 · management and general $5,085,883

  • 6 · Compensation of disqualified persons

    total $417,242 · program services $417,242

  • 7 · Other salaries and wages

    total $1,241,820,629 · program services $1,053,435,473 · management and general $188,385,156

  • 8 · Pension plan contributions

    total $32,626,687 · program services $27,693,173 · management and general $4,933,514

  • 9 · Other employee benefits

    total $156,912,184 · program services $131,492,324 · management and general $25,419,860

  • 10 · Payroll taxes

    total $82,599,815 · program services $70,207,222 · management and general $12,392,593

  • 11a · Fees: management

    total $7,721,514 · program services $7,408,434 · management and general $313,080

  • 11b · Fees: legal

    total $5,639,870 · program services $1,882,987 · management and general $3,756,883

  • 11c · Fees: accounting

    total $576,360 · management and general $576,360

  • 11d · Fees: lobbying

    total $290,479 · management and general $290,479

  • 11f · Fees: investment management

    total $2,112,487 · management and general $2,112,487

  • 11g · Fees: other

    total $102,432,022 · program services $88,356,219 · management and general $14,075,803

  • 12 · Advertising and promotion

    total $9,343,540 · program services $295,053 · management and general $9,048,487

  • 13 · Office expenses

    total $106,123,746 · program services $81,908,113 · management and general $24,215,633

  • 14 · Information technology

    total $71,854,042 · program services $62,367,481 · management and general $9,486,561

  • 16 · Occupancy

    total $51,233,512 · program services $44,093,501 · management and general $7,140,011

  • 17 · Travel

    total $3,121,802 · program services $1,797,737 · management and general $1,324,065

  • 19 · Conferences, conventions and meetings

    total $88,388 · program services $61,881 · management and general $26,507

  • 20 · Interest

    total $45,725,472 · program services $45,725,472

  • 22 · Depreciation, depletion and amortization

    total $147,056,798 · program services $139,295,614 · management and general $7,761,184

  • 23 · Insurance

    total $21,430,251 · program services $9,433,831 · management and general $11,996,420

  • 24a · Other expenses: Medical Supplies

    total $911,759,042 · program services $908,268,284 · management and general $3,490,758

  • 24b · Other expenses: Provider Tax

    total $125,354,435 · program services $125,354,435

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

    total $122,299,173 · program services $107,033,528 · management and general $15,265,645

  • 24d · Other expenses: Administrative Expenses

    total $44,092,330 · program services $33,167,447 · management and general $10,924,883

  • 24e · All other expenses

    total $38,893,404 · program services $29,744,106 · management and general $9,149,298

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,507 · end of year $17,139

  • 2 · Savings and temporary cash investments

    beginning of year $245,952,683 · end of year $149,190,088

  • 4 · Accounts receivable

    beginning of year $482,503,140 · end of year $408,712,788

  • 8 · Inventories for sale or use

    beginning of year $95,156,615 · end of year $87,934,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,951,050 · end of year $34,991,949

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

    $3,312,114,587

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

    $1,588,612,490

  • 10c · Land, buildings and equipment, net

    beginning of year $1,460,044,263 · end of year $1,723,502,097

  • 11 · Investments: publicly traded securities

    beginning of year $1,629,647,891 · end of year $1,757,457,383

  • 12 · Investments: other securities

    beginning of year $23,272,930 · end of year $25,727,582

  • 13 · Investments: program-related

    beginning of year $60,595,720 · end of year $68,191,105

  • 14 · Intangible assets

    beginning of year $13,830,740 · end of year $11,764,412

  • 15 · Other assets

    beginning of year $196,848,843 · end of year $296,142,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $384,725,862 · end of year $386,722,331

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,321,893,138 · end of year $1,315,765,562

  • 23 · Secured mortgages and notes payable

    beginning of year $67,822,665 · end of year $347,536,847

  • 25 · Other liabilities

    beginning of year $151,613,156 · end of year $110,168,609

  • 27 · Net assets without donor restrictions

    beginning of year $2,302,136,843 · end of year $2,375,914,354

  • 28 · Net assets with donor restrictions

    beginning of year $26,632,718 · end of year $27,523,082

Mission and programs · 2022

Mission

See Schedule O.The mission of Baptist Healthcare System, Inc., (BHS), is to exemplify our Christian heritage of providing quality healthcare services by enhancing the health of the people and the communities we serve. The vision of BHS is to be nationally recognized as the premier source for healthcare in Kentucky and Indiana by leading in clinical excellence, providing compassionate care and pursuing a growth model that best meets the needs of our communities and our patients. Both the mission and vision of BHS are engrained into the culture of the entire organization. BHS will live out its Christ-centered mission and achieve its vision guided by integrity, respect, stewardship, excellence, collaboration, compassion and joy.

Activities or mission (Part I)

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

  • See Schedule O

    Expenses $3,165,993,883 · Grants $196,554,326 · Revenue $3,671,115,441

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerard J Colman

    CEO & Director

    Total calculated
    $3,305,146
    From this org
    $2,928,385
    From related orgs
    $0
    Other
    $376,761
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,607,435
    Bonus
    $1,301,999
    Other
    $18,951
    Deferred
    $345,027
    Nontaxable benefits
    $31,734
    Filer's total
    $3,305,146

  • Aaron Thompson PHD

    Director

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

  • Rev Dr Terry T Lester

    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

  • Glenn Leveridge

    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

  • Linda J Thomas PHD

    Director

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

  • Ramsey Nassar MD

    Director (Through 12/31/22)

    Total calculated
    $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

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

  • Jenny Oldham

    Director (Through 6/9/23)

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

  • Peter E Locken III MD

    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

  • Lewis Diaz

    Director (Effective 1/1/23)

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

  • Jennifer Thomas

    Director (Effective 1/1/23)

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

  • Stephen R Oglesby

    CFO, Treasurer,VP (Through 1/6/23)

    Total calculated
    $1,488,025
    From this org
    $1,445,051
    From related orgs
    $0
    Other
    $42,974
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $736,985
    Bonus
    $573,685
    Other
    $134,381
    Deferred
    $12,200
    Nontaxable benefits
    $30,774
    Filer's total
    $1,488,025

  • Richard F Carrico

    CFO, Treasurer,VP (Effective 2/6/23)

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • Janet Norton

    Secretary & Vice President

    Total calculated
    $1,082,935
    From this org
    $1,039,221
    From related orgs
    $0
    Other
    $43,714
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $617,783
    Bonus
    $304,599
    Other
    $116,839
    Deferred
    $12,200
    Nontaxable benefits
    $31,514
    Filer's total
    $1,082,935

  • Patrick Falvey

    System Chief Operating Officer

    Total calculated
    $1,703,438
    From this org
    $1,502,924
    From related orgs
    $0
    Other
    $200,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $944,548
    Bonus
    $541,454
    Other
    $16,922
    Deferred
    $189,757
    Nontaxable benefits
    $10,757
    Filer's total
    $1,703,438

  • Isaac Myers MD

    Chief Health Integration Officer

    Total calculated
    $1,899,597
    From this org
    $1,753,719
    From related orgs
    $0
    Other
    $145,878
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $675,054
    Bonus
    $333,826
    Other
    $744,839
    Deferred
    $120,578
    Nontaxable benefits
    $25,300
    Filer's total
    $1,899,597

  • Joseph Prather

    Chief Strategy & Marketing Officer

    Total calculated
    $1,034,951
    From this org
    $889,279
    From related orgs
    $0
    Other
    $145,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $591,959
    Bonus
    $285,390
    Other
    $11,930
    Deferred
    $112,498
    Nontaxable benefits
    $33,174
    Filer's total
    $1,034,951

  • Kenneth Anderson MD

    Chief Medical Officer & VP

    Total calculated
    $854,002
    From this org
    $817,798
    From related orgs
    $0
    Other
    $36,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $439,006
    Bonus
    $366,904
    Other
    $11,888
    Deferred
    $12,200
    Nontaxable benefits
    $24,004
    Filer's total
    $854,002

  • Angela Mannino

    Chief People & Culture Officer

    Total calculated
    $964,558
    From this org
    $836,590
    From related orgs
    $0
    Other
    $127,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $518,126
    Bonus
    $242,899
    Other
    $75,565
    Deferred
    $99,796
    Nontaxable benefits
    $28,172
    Filer's total
    $964,558

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
Five officers and/or executives who participated in the Supplemental Executive Retirement Plan accrued amounts for 2022 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: Gerard J. Colman $332,827 Isaac Myers, MD $108,378 Patrick Falvey $177,557 Joseph Prather $100,298 Angela Mannino $87,596 The following individuals received a payout from the Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan: Angela Mannino $61,643 Janet Norton $93,341 Isaac Myers, MD $721,241 Stephen R. Oglesby $116,637

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 -$2,034,718 · share of assets $188,234,469 · controlled entity

    Directly controlled by BHSI

  • Affiliated Nursing Service Inc

    C · Healthcare Staffing · KY · 50% owned · share of income $90,297

    Directly controlled by BHSI

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2024
IRS schema version
2022v5.0
Source object
202421959349300212

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