Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Employer Contributions

  total $4,128,667 · related or exempt $4,128,667

• 3 · Investment income

  total $9,549 · excluded $9,549

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $1,733 · management and general $1,733

• 11g · Fees: other

  total $206,295 · management and general $206,295

• 23 · Insurance

  total $676,900 · program services $676,900

• 24a · Other expenses: Workers comp claims pai

  total $3,242,227 · program services $3,242,227

• 24b · Other expenses: Other

  total $21,324 · program services $21,324

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $0

• 2 · Savings and temporary cash investments

  end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  end of year $0

• 10c · Land, buildings and equipment, net

  end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $962,738 · end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $962,738 · end of year $0

The filer's explanations (Part III)

Part I, Line 3

Baptist Healthcare System, Inc., (BHS), a related organization of Baptist Healthcare Workers Compensation Trust, uses the following to establish the compensation of BHS's CEO: --Compensation Committee --Independent compensation consultant --Form 990 of other organizations --Written employment contract --Compensation survey or study --Approval by the Board of Directors or Compensation Committee

Part I, Line 4b

During calendar year 2022, two officers of Baptist Healthcare System, Inc., a related entity of Baptist Healthcare System, Inc. Workers Compensation Trust, received a payout from a Supplemental Executive Retirement Plan, a nonqualified deferred compensation plan. The Plan is offered to a select group of management as determined by the BHS Executive Benefits Committee. The amounts paid in 2022 were recorded as wages in 2022 and reported on Schedule J, Part II, Column (B)(iii).

Related partnerships

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

• Baptist East Milestone Fitness Center

  N/A · Fitness Center · KY

• Baptist Physicians Surgery Center

  N/A · Ambulatory Surgery Center · KY

• Medical Associates of Middletown

  N/A · Medical Office Building · KY

• Cumberland Valley Surgical Center LLC

  N/A · Ambulatory Surgery Center · KY

Related corporations and trusts

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

• Baptist Health Assurance Group LTD

  T · Captive Insurance Company · CJ · controlled entity