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← BAPTIST HEALTH SERVICES

Form 990 for tax year 2022

Filed by BAPTIST HEALTH SERVICES.

Totals

Total revenue
$81,871,934
Total expenses
$81,871,955
Contributions and grants received
$578,977
Grants paid
$0
Program service revenue
$81,282,929
Investment income
-$10,387
Other revenue
$20,415
Total assets, end of year
$6,917,053
Total liabilities, end of year
$4,934,038
Net assets or fund balances, end of year
$1,983,015
Program services expenses (Part IX)
$74,810,291
Management and general expenses
$7,061,664
Fundraising expenses
$0
Program service expenses (Part III)
$75,007,571

Program services were 91.4% 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.

  • 1e · Government grants (contributions)

    $578,977

  • 2a · Program service revenue: EPIC CLINIC REVENUE

    total $47,158,354 · related or exempt $47,158,354

  • 2b · Program service revenue: MANAGEMENT FEES

    total $34,017,234 · related or exempt $34,017,234

  • 2c · Program service revenue: INCENTIVE REVENUE

    total $107,341 · related or exempt $107,341

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

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

    other assets $10,387

  • 7c · Gain or loss

    other assets -$10,387

  • 7d · Net gain or loss

    total -$10,387 · excluded -$10,387

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Billing Service Revenue

    total $14,811 · excluded $14,811

  • 11b · Other revenue: Medical Records Revenue

    total $45 · excluded $45

  • 11c · Other revenue: All Other Misc Revenue

    total $5,559 · excluded $5,559

  • 11d · All other revenue

    total $5,559 · excluded $5,559

  • 11e · Other revenue, total

    $20,415

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $60,958,915 · program services $55,538,577 · management and general $5,420,338

  • 8 · Pension plan contributions

    total $1,751,914 · program services $1,596,138 · management and general $155,776

  • 9 · Other employee benefits

    total $2,316,980 · program services $2,110,959 · management and general $206,021

  • 10 · Payroll taxes

    total $2,150,935 · program services $1,959,678 · management and general $191,257

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,117,310 · program services $2,840,125 · management and general $277,185 · fundraising $0

  • 12 · Advertising and promotion

    total $14,515 · program services $13,224 · management and general $1,291

  • 13 · Office expenses

    total $784,043 · program services $714,328 · management and general $69,715

  • 14 · Information technology

    total $3,251 · program services $2,962 · management and general $289

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,981,182 · program services $3,627,184 · management and general $353,998

  • 17 · Travel

    total $68,547 · program services $62,452 · management and general $6,095

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $52,192 · program services $47,551 · management and general $4,641

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $266,115 · program services $242,453 · management and general $23,662

  • 23 · Insurance

    total $190,505 · program services $173,566 · management and general $16,939

  • 24a · Other expenses: MEDICAL SUPPLIES EXPENSE

    total $2,454,131 · program services $2,454,131

  • 24b · Other expenses: BILLING SERVICE EXPENSE

    total $2,260,771 · program services $2,059,748 · management and general $201,023

  • 24c · Other expenses: MALPRACTICE EXPENSES

    total $976,051 · program services $889,263 · management and general $86,788

  • 24d · Other expenses: NEXTGEN EXPENSES

    total $237,934 · program services $216,777 · management and general $21,157

  • 24e · All other expenses

    total $286,664 · program services $261,175 · management and general $25,489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $957,808 · end of year $1,022,717

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,344,033 · end of year $4,381,160

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $26,800 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,934 · end of year $295,272

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

    $1,782,042

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

    $564,138

  • 10c · Land, buildings and equipment, net

    beginning of year $1,193,352 · end of year $1,217,904

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $44,936,431 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,599,485 · end of year $5,145,825

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,184 · end of year $3,184

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $44,865,375 · end of year -$214,971

  • 27 · Net assets without donor restrictions

    beginning of year $2,034,314 · end of year $1,983,015

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

BAPTIST HEALTH SERVICES EXISTS TO PROVIDE QUALITY PATIENT CENTERED SERVICES TO CITIZENS IN & AROUND FORT SMITH & VAN BUREN, AR WITH CHRISTIAN COMPASSION & PERSONAL CONCERN CONSISTENT WITH OUR CHARITABLE PURPOSES.

Activities or mission (Part I)

BAPTIST HEALTH SERVICES EXISTS TO PROVIDE QUALITY PATIENT CENTERED SERVICES TO CITIZENS IN & AROUND FORT SMITH & VAN BUREN, AR WITH CHRISTIAN COMPASSION & PERSONAL CONCERN.

  • PROVIDE HEALTHCARE SERVICES TO PATIENTS IN AND AROUND FORT SMITH & VAN BUREN, ARKANSAS.

    Expenses $75,007,571 · Revenue $81,282,929

As filed on the 2022 return.

Listed in Part VII

  • Hrair Simonian

    PHYSICIAN

    Total calculated
    $2,684,531
    From this org
    $2,648,767
    From related orgs
    $0
    Other
    $35,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,645,005
    Bonus
    $0
    Other
    $3,762
    Deferred
    $21,350
    Nontaxable benefits
    $14,414
    Filer's total
    $2,684,531

  • Troy Wells

    PRESIDENT

    Total calculated
    $2,451,382
    From this org
    $0
    From related orgs
    $2,408,284
    Other
    $43,098
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,094,128 related
    Bonus
    $0 + $418,860 related
    Other
    $0 + $895,296 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $21,748 related
    Filer's total
    $0 + $2,451,382 related

  • Varant Arzoumanian

    PHYSICIAN

    Total calculated
    $2,315,387
    From this org
    $2,279,623
    From related orgs
    $0
    Other
    $35,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $2,276,725
    Bonus
    $0
    Other
    $2,898
    Deferred
    $21,350
    Nontaxable benefits
    $14,414
    Filer's total
    $2,315,387

  • Adebayo Fasanya

    PHYSICIAN

    Total calculated
    $2,142,542
    From this org
    $2,106,266
    From related orgs
    $0
    Other
    $36,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,712,352
    Bonus
    $392,610
    Other
    $1,304
    Deferred
    $21,350
    Nontaxable benefits
    $14,926
    Filer's total
    $2,142,542

  • Douglas Weeks

    VICE PRESIDENT

    Total calculated
    $1,901,718
    From this org
    $0
    From related orgs
    $1,861,209
    Other
    $40,509
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,361 related
    Bonus
    $0 + $199,155 related
    Other
    $0 + $867,693 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $19,159 related
    Filer's total
    $0 + $1,901,718 related

  • Nasser Adjei

    PHYSICIAN

    Total calculated
    $1,695,810
    From this org
    $1,660,068
    From related orgs
    $0
    Other
    $35,742
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,083,929
    Bonus
    $570,804
    Other
    $5,335
    Deferred
    $21,350
    Nontaxable benefits
    $14,392
    Filer's total
    $1,695,810

  • Owais Mohammad

    PHYSICIAN

    Total calculated
    $1,445,197
    From this org
    $1,406,464
    From related orgs
    $0
    Other
    $38,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $893,380
    Bonus
    $506,197
    Other
    $6,887
    Deferred
    $19,400
    Nontaxable benefits
    $19,333
    Filer's total
    $1,445,197

  • Brent Beaulieu

    SECRETARY/TREASURER

    Total calculated
    $1,135,202
    From this org
    $0
    From related orgs
    $1,096,042
    Other
    $39,160
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $573,002 related
    Bonus
    $0 + $150,785 related
    Other
    $0 + $372,255 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $17,810 related
    Filer's total
    $0 + $1,135,202 related

  • Will Rusher

    CEO/COO

    Total calculated
    $607,096
    From this org
    $0
    From related orgs
    $569,439
    Other
    $37,657
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,942 related
    Bonus
    $0 + $57,232 related
    Other
    $0 + $173,265 related
    Deferred
    $0 + $21,350 related
    Nontaxable benefits
    $0 + $16,307 related
    Filer's total
    $0 + $607,096 related

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

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART 1, LINE 3
BAPTIST HEALTH, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, INDPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL OF THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.
FORM 990, SCHEDULE J, PART I, LINE 6B
THE FOLLOWING INDIVIDUALS INCLUDED ON FORM 990, PART VII, SECTION A, RECEIVED COMPENSATION THAT WAS PAID IN 2023 BASED ON FISCAL YEAR 2022 PERFORMANCE WITH A PORTION BEING CONTINGENT ON THE NET EARNINGS OF A RELATED ORGANIZATION: TROY WELLS $321,864 DOUGLAS WEEKS $162,811 BRENT BEAULIEU $118,616 WILL RUSHER $50,105

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

No itemized grants to organizations on this return.

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.

Related partnerships

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

  • ORTHOARK SURGERY

    ORTHOPEDIC · AR

    Directly controlled by NA

  • AUTUMN ROAD LLC

    REAL ESTATE · AR

    Directly controlled by NA

  • MAUMELLE FAM PRACT

    MEDICAL CARE · AR

    Directly controlled by NA

  • AMERICAN DATA NTWK

    DATA SERVICES · AR

    Directly controlled by NA

  • SPRINGHILL SURGERY CENTER

    SURGERY SERVICES · AR

    Directly controlled by NA

  • TWO FINANCIAL CENTRE HOLDING

    REAL ESTATE · AR

    Directly controlled by NA

  • BH CENTER FOR CLINICAL RESEARCH LLC

    CLINICAL RESEARCH · AR

    Directly controlled by NA

Related corporations and trusts

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

  • MULTIMANAGEMENT SERVICES INC

    C CORPORATION · MANAGEMENT · AR · controlled entity

    Directly controlled by NA

  • BAPTIST MEDCARE INC

    C CORPORATION · MEDICAL CARE · AR · controlled entity

    Directly controlled by NA

  • HOTEL PROPERTIES INC

    C CORPORATION · HOTELS · AR · controlled entity

    Directly controlled by NA

  • SERVICE FINANCE CORPORATION

    C CORPORATION · FINANCE SERVICES · AR · controlled entity

    Directly controlled by NA

  • WESTSIDE PROPERTIES INC

    C CORPORATION · REAL ESTATE · AR · controlled entity

    Directly controlled by NA

  • BAPTIST MEDICAL SYSTEMS HMO INC

    C CORPORATION · HLTHCARE SERVICES · AR · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
7 October 2023
IRS schema version
2022v5.0
Source object
202313179349308476

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