Baptist Memorial Hospital Tipton is located in Covington, TN. The organization was established in 1982. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Baptist Memorial Hospital Tipton employed 626 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Memorial Hospital Tipton is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Baptist Memorial Hospital Tipton generated $238.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $206.5m during the year ending 09/2023. While expenses have increased by 12.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.
Describe the Organization's Program Activity:
BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF BAPTIST MEMORIAL HOSPITAL-TIPTON, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND- HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY.THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, AND SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES.THE LARGEST PROGRAM SERVICES PROVIDED THE FOLLOWING FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023:- THE ONCOLOGY DEPARTMENT PERFORMED 254,110 PROCEDURES AT A COST OF $153,905,675.- THE ER DEPARTMENT HAD 22,923 PATIENT VISITS AT A COST OF $2,352,941.- THE RADIOLOGY DEPARTMENT PERFORMED 41,351 PROCEDURES AT A COST OF $2,239,185.- THE NURSING/SURGERY/LABOR AND DELIVERY DEPARTMENT HAD 326 BIRTHS, PERFORMED 304 SURGERIES, AND HAD 3,644 PATIENT DAYS AT A COST OF $8,101,938. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED SERVICES FOR 1,370 INPATIENTS AND MORE THAN 115,552 OUTPATIENTS.BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS FROM WHICH THE HOSPITAL RECEIVES PAYMENT AT LESS THAN MARKET VALUE REIMBURSEMENT. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO MEDICARE, MEDICAID AND UNINSURED PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS $395,446,287.CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES THAT BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED.IN ADDITION, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED EDUCATION PROGRAMS TO THE PUBLIC ON A PERIODIC BASIS. BREAST CANCER AWARENESS - DURING OCTOBER, THE MAMMOGRAPHY PATIENTS RECEIVED PROMOTIONAL EDUCATIONAL MATERIALS AS WELL AS GIVEAWAYS TO PROMOTE AWARENESS. ADS ARE RUN IN THE COVINGTON LEADER TO ENCOURAGE WOMEN TO GET MAMMOGRAMS.NURSING STUDENTS FROM DYERSBURG STATE COME TO BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. TO COMPLETE THEIR CLINICAL ROTATIONS. STUDENTS ALSO COME FROM CONCORDE TO RECEIVE TRAINING IN THE LAB, RESPIRATORY THERAPY, RADIOLOGY AND PHARMACY.BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED DIRECT SUPPORT TO THE FOLLOWING ORGANIZATIONS:- AMERICAN HOSPITAL ASSOCIATION- TENNESSEE HOSPITAL ASSOCIATION- TIPTON COVINGTON CHAMBER OF COMMERCE- SOUTH TIPTON CHAMBER OF COMMERCE- CARL PERKINS CHILD ABUSE PREVENTION CENTER- MUNFORD HIGH SCHOOL- COVINGTON HIGH SCHOOL- LAW ENFORCEMENT FOR TIPTON- 901 PETALS OF PURPOSE - BREAST CANCER GIVE AWAYBAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED THE FOLLOWING ACTIVITIES IN THE COMMUNITY:- CAREER DAY AT HIGH SCHOOL- UNITED WAY- HEALTH FAIRS - COMMUNITY ADVISORY BOARD- ADULT TOTAL LEADERSHIP- TIPTON COUNTY HEALTH DEPARTMENT- TIPTON COUNTY HEALTH COUNCIL- BOYS AND GIRLS CLUB- CELEBRATE MUNFORD- NATIONAL DRUG TAKEBACK DAY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason M Little Director/president | OfficerTrustee | 0.23 | $0 |
Arie Szatkowski MD Director | Trustee | 0.23 | $0 |
Randy J King Director (thru 04/23) | Trustee | 0.23 | $0 |
Gary C Anderson VP (as Of 09/23)/dir (as Of 04/23) | OfficerTrustee | 0.23 | $0 |
Cary Finn MD Director | Trustee | 0.23 | $0 |
Edwin P Cade Director (as Of 09/23) | Trustee | 0.23 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Morrison Management Specialists Inc Management Services | 9/29/23 | $429,445 |
Medicos General Physician Services | 9/29/23 | $458,000 |
True North Custom Publishing Management Services | 9/29/23 | $771,536 |
Lifelinc Anesthesia Anesthesia Services | 9/29/23 | $548,006 |
Team Health Inc Physician Services | 9/29/23 | $470,861 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $157,918 |
Government grants | $1,759,816 |
All other contributions, gifts, grants, and similar amounts not included above | $1,838,756 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,756,490 |
Total Program Service Revenue | $233,509,222 |
Investment income | $43,837 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $230,137 |
Net Gain/Loss on Asset Sales | -$92 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $238,803,208 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,844 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $310,619 |
Compensation of current officers, directors, key employees. | $31,062 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $29,433,341 |
Pension plan accruals and contributions | $831,694 |
Other employee benefits | $4,498,288 |
Payroll taxes | $2,125,586 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $13,987 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $29,277,024 |
Advertising and promotion | $370,469 |
Office expenses | $1,328,226 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,414,449 |
Travel | $62,554 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,516 |
Interest | $3,751 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,797,461 |
Insurance | $508,428 |
All other expenses | $2,090,360 |
Total functional expenses | $206,478,618 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $400 |
Savings and temporary cash investments | $2,501,441 |
Pledges and grants receivable | $479,137 |
Accounts receivable, net | $22,722,702 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,515,629 |
Prepaid expenses and deferred charges | $9,093,596 |
Net Land, buildings, and equipment | $19,517,469 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $61,095,102 |
Total assets | $117,925,476 |
Accounts payable and accrued expenses | $15,304,359 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,330,833 |
Total liabilities | $19,635,192 |
Net assets without donor restrictions | $96,786,032 |
Net assets with donor restrictions | $1,504,252 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $117,925,476 |
Over the last fiscal year, Baptist Memorial Hospital Tipton has awarded $40,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SUSAN G KOMENMIDSOUTH AFFILIATE PURPOSE: RACE FOR THE CURE SPONSORSHIP | $15,000 |
AMERICAN CANCER SOCIETY INC PURPOSE: ACCESS TO CARE PARTNER AND RELAY FOR LIFE | $25,000 |