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 09/2021, Baptist Memorial Hospital Tipton employed 601 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 09/2021, Baptist Memorial Hospital Tipton generated $191.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $177.2m during the year ending 09/2021. While expenses have increased by 13.4% per year over the past 6 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
2021
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, 2021:- THE ONCOLOGY DEPARTMENT PERFORMED 250,119 PROCEDURES AT A COST OF $125,463,657.- THE ER DEPARTMENT HAD 21,467 PATIENT VISITS AT A COST OF $1,832,830.- THE RADIOLOGY DEPARTMENT PERFORMED 36,769 PROCEDURES AT A COST OF $1,979,747.- THE NURSING/SURGERY/LABOR AND DELIVERY DEPARTMENT HAD 259 BIRTHS, PERFORMED 327 SURGERIES, AND HAD 2,828 PATIENT DAYS AT A COST OF $6,198,410. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021, BAPTIST MEMORIAL HOSPITAL-TIPTON, INC. PROVIDED SERVICES FOR 1,256 INPATIENTS AND MORE THAN 105,280 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, 2021, THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS $387,489,193.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.EDUCATIONAL PROGRAMS WERE OFFERED 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.DIRECT SUPPORT:AMERICAN CANCER SOCIETYAMERICAN HOSPITAL ASSOCIATIONTENNESSEE HOSPITAL ASSOCIATIONSUSAN G. KOMENTIPTON COVINGTON CHAMBER OF COMMERCESOUTH TIPTON CHAMBER OF COMMERCECARL PERKINS CHILD ABUSE PREVENTION CENTERMUNFORD HIGH SCHOOLCOVINGTON HIGH SCHOOLLAW ENFORCEMENT FOR TIPTONCOMMUNITY ACTIVITIES:LIFE BLOOD DRIVESCAREER DAY AT HIGH SCHOOLSPEAKERS ON HEALTH TOPICS FOR ROTARY CLUB, LIONS CLUB, EXCHANGE CLUB AND AREA SCHOOLSUNITED WAYHEALTH FAIRS TIPTON COUNTY COMMISSION ON AGING - BREAST CANCER AWARENESSCOMMUNITY ADVISORY BOARDCOVINGTON LIBRARYROTARY CLUBJUNIOR AUXILIARY OF TIPTON COUNTYADULT TOTAL LEADERSHIPYOUTH TOTAL LEADERSHIPTIPTON COUNTY HEALTH DEPARTMENTTIPTON COUNTY HEALTH COUNCILHEALTHIER TN - TIPTON COUNTYBOYS AND GIRLS CLUBCELEBRATE MUNFORD
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Renin Lukose Physicist-Medical Senior | 33.85 | $156,695 | |
Ashley V Mccurdy Director-Nursing Oncology | 40 | $150,685 | |
Jackie Barton Chief Nursing Officer | Officer | 40 | $137,876 |
Joseph J Vernon Executive Director-Clinical | 40 | $135,519 | |
Kimberly Scoggins Pharmacist-Clinical Oncology | 40 | $129,631 | |
Rachel Hallum Pharmacist | 38 | $127,436 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lifelinc Anesthesia Anesthesia Services | 9/29/21 | $661,719 |
Ob Hospitalist Group Physician Services | 9/29/21 | $850,130 |
Team Health Inc Physician Services | 9/29/21 | $483,123 |
Morrison Management Specialists Inc Management Services | 9/29/21 | $368,656 |
Threlkeld Threlkeld & Omer Physician Services | 9/29/21 | $332,282 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $81,811 |
Government grants | $183,489 |
All other contributions, gifts, grants, and similar amounts not included above | $2,094,819 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,360,119 |
Total Program Service Revenue | $189,323,052 |
Investment income | $30,598 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,481 |
Net Gain/Loss on Asset Sales | $10,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $191,919,285 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
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. | $322,452 |
Compensation of current officers, directors, key employees. | $32,245 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $24,815,960 |
Pension plan accruals and contributions | $679,551 |
Other employee benefits | $4,075,234 |
Payroll taxes | $1,800,299 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $8,150 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,550,927 |
Advertising and promotion | $1,263,919 |
Office expenses | $1,201,094 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,338,269 |
Travel | $23,087 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,128 |
Interest | $500 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,782,139 |
Insurance | $690,904 |
All other expenses | $1,978,686 |
Total functional expenses | $177,198,302 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $200 |
Savings and temporary cash investments | $3,116,288 |
Pledges and grants receivable | $341,464 |
Accounts receivable, net | $24,005,751 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,237,431 |
Prepaid expenses and deferred charges | $8,303,864 |
Net Land, buildings, and equipment | $19,811,338 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,469,555 |
Total assets | $81,285,891 |
Accounts payable and accrued expenses | $12,340,943 |
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 | $16,923,874 |
Total liabilities | $29,264,817 |
Net assets without donor restrictions | $50,516,822 |
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 | $81,285,891 |
Over the last fiscal year, Baptist Memorial Hospital Tipton has awarded $80,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Kennesaw, GA PURPOSE: ACCESS TO CARE PARTNER AND RELAY FOR LIFE | $25,000 |
Kennesaw, GA PURPOSE: ACCESS TO CARE PARTNER AND RELAY FOR LIFE | $25,000 |
Dallas, TX PURPOSE: RACE FOR THE CURE SPONSORSHIP | $15,000 |
Dallas, TX PURPOSE: RACE FOR THE CURE SPONSORSHIP | $15,000 |
Over the last fiscal year, we have identified 1 grants that Baptist Memorial Hospital Tipton has recieved totaling $81,811.
Awarding Organization | Amount |
---|---|
Baptist Memorial Health Care Foundation Memphis, TN PURPOSE: VARIOUS MEDICAL AND COMMUNITY PROJECTS | $81,811 |
Organization Name | Assets | Revenue |
---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |