Baptist Memorial Medical Group Inc is located in Memphis, TN. The organization was established in 1997. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2023, Baptist Memorial Medical Group Inc employed 1,938 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Memorial Medical Group Inc 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 Medical Group Inc generated $241.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $269.4m during the year ending 09/2023. While expenses have increased by 9.6% 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 MEDICAL GROUP, INC. IS A PROVIDER OF AMBULATORY HOSPITAL SERVICES IN SUPPORT OF ITS MISSION OF PROVIDING HEALTH CARE TO THE COMMUNITY. BAPTIST MEMORIAL MEDICAL GROUP, INC. PROVIDES DIRECT PRIMARY CARE MEDICAL SERVICES THROUGH ITS EMPLOYED MEDICAL PROVIDERS. BAPTIST MEMORIAL MEDICAL GROUP, INC. PROVIDES SUCH SERVICES TO THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
BAPTIST MEMORIAL MEDICAL GROUP, INC. PROVIDES AMBULATORY SERVICES IN SUPPORT OF ITS MISSION OF PROVIDING HEALTH CARE TO THE COMMUNITY. BAPTIST MEMORIAL MEDICAL GROUP, INC. OFFERS MEDICAL CARE THAT REFLECTS THE THREE-FOLD MINISTRY OF CHRIST-PREACHING, TEACHING AND HEALING, AND IS COMMITTED TO PROVIDING QUALITY CARE TO THE COMMUNITIES IT SERVES. BAPTIST MEMORIAL MEDICAL GROUP, INC. OFFERS MEDICAL CARE TO PERSONS LIVING IN AREAS OF ARKANSAS, TENNESSEE, AND MISSISSIPPI, WHO ARE CURRENTLY UNDERSERVED BY THE MOST BASIC OF HEALTH CARE SERVICES.BAPTIST MEMORIAL MEDICAL GROUP, INC. USES ITS SERVICES AS A MEANS OF PROVIDING QUALITY HEALTH CARE TO EVERYONE IN THE COMMUNITY. THE PATIENT-FOCUSED HEALTH CARE IS DELIVERED IN A FRIENDLY, COMPASSIONATE, AND RESPONSIVE MANNER AS REFLECTED IN THE "SERVICE FIRST" PHILOSOPHY OF THE ENTIRE BAPTIST MEMORIAL HEALTH CARE SYSTEM: RESPECT FOR THE INDIVIDUAL AND THE VALUE OF DIVERSITY, TRUST AND TEAMWORK, AND CONTINUOUS IMPROVEMENT. THE RESOURCES OF BAPTIST MEMORIAL HEALTH CARE CORPORATION, THE SOLE MEMBER OF BAPTIST MEMORIAL MEDICAL GROUP, INC., AND ITS AFFILIATES ARE AVAILABLE TO IDENTIFY AND PLACE PRIMARY CARE PRACTITIONERS AND SPECIALISTS IN AREAS WHERE THEY ARE MOST NEEDED.IN ADDITION, BAPTIST MEMORIAL MEDICAL GROUP, INC. RECRUITS AND SUPPORTS PHYSICIANS MOVING TO RURAL, UNDERSERVED AREAS IN ARKANSAS, TENNESSEE, AND MISSISSIPPI. FINANCIAL SUPPORT IS NECESSARY TO AID PHYSICIANS BEGINNING THEIR PRACTICE IN UNDERSERVED AREAS. THE PRESENCE OF THESE PHYSICIANS IN THE AREA MAKES IT POSSIBLE FOR RESIDENTS TO AVOID TRAVEL TO NEIGHBORING COMMUNITIES TO RECEIVE BASIC HEALTH CARE SERVICES.BAPTIST MEMORIAL MEDICAL GROUP, INC. IS A MULTISPECIALTY PHYSICIAN GROUP WITH MORE THAN 500 PHYSICIANS REPRESENTING OVER 40 SPECIALTIES INCLUDING PEDIATRICS, FAMILY PRACTICE, ONCOLOGY, WOMEN'S HEALTH, NEUROLOGY, GASTROENTEROLOGY, CARDIOLOGY, AND ORTHOPAEDIC SURGERY, TO NAME A FEW.BAPTIST MEMORIAL MEDICAL GROUP, INC. PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS FROM WHICH WE MAY RECEIVE PAYMENT AT LESS THAN MARKET VALUE REIMBURSEMENT. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO MEDICARE, TENNCARE, AND UNINSURED PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, BAPTIST MEMORIAL MEDICAL GROUP, INC. RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY.CHARITY CARE IS PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES WHICH BAPTIST MEMORIAL MEDICAL GROUP, INC. BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. THROUGH ITS AFFILIATION WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND ITS AFFILIATED BAPTIST MEMORIAL HOSPITALS IN ARKANSAS, TENNESSEE, AND MISSISSIPPI, BAPTIST MEMORIAL MEDICAL GROUP, INC. PROVIDES THE FOLLOWING PROGRAMS AND SERVICES FOR THE COMMUNITY:- COMMUNITY HEALTH FAIRS- PHYSICAL EXAMS FOR STUDENTS ACTIVE IN COMPETITIVE SPORTS- TENNESSEE NURSING ASSOCIATION MEETINGS- EDUCATIONAL CLASSES, SHADOWING AND MENTORING OPPORTUNITIES FOR STUDENTS- PROVISION OF STAFF NURSES TO HELP WITH SENIOR CITIZENS' HEALTH FAIR- EMPLOYEE ACTIVITIES TO RAISE MONEY FOR UNITED WAY, AMERICAN HEART ASSOCIATION, AND VARIOUS OTHER CHARITABLE EVENTS- PROVISION OF PHYSICIANS FOR SPEAKING ENGAGEMENTS ON TOPICAL HEALTH ISSUES TO THE COMMUNITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason M Little Director | Trustee | 0.23 | $0 |
Bradley A Wolf MD Physician/director | Trustee | 40 | $1,589,101 |
Paul D Depriest MD Director (thru 08/23) | Trustee | 0.23 | $0 |
William A Griffin Director | Trustee | 0.23 | $0 |
Aleksandar Jankov MD Physician/director | Trustee | 40 | $1,110,082 |
Gary C Anderson Director (as Of 09/23) | Trustee | 0.23 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ut Medical Group Inc Physician Services | 9/29/23 | $7,181,705 |
Ricu Llc Physician Services | 9/29/23 | $2,253,785 |
Locumtenenscom Physician Services | 9/29/23 | $1,958,304 |
Team Health Inc Physician Services | 9/29/23 | $1,319,702 |
Brian Bruckner Physician Services | 9/29/23 | $526,210 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $166,738 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $166,738 |
Total Program Service Revenue | $240,734,455 |
Investment income | $12,376 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $58,106 |
Net Gain/Loss on Asset Sales | -$2,691 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $241,599,300 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,062 |
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. | $8,713,663 |
Compensation of current officers, directors, key employees. | $1,742,733 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $182,705,396 |
Pension plan accruals and contributions | $4,298,085 |
Other employee benefits | $16,080,404 |
Payroll taxes | $8,594,070 |
Fees for services: Management | $15,836 |
Fees for services: Legal | $56,338 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,383,793 |
Advertising and promotion | $292,571 |
Office expenses | $3,105,244 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,013,493 |
Travel | $542,337 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $268,143 |
Interest | $17,971 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,255,730 |
Insurance | $2,227,940 |
All other expenses | $790,623 |
Total functional expenses | $269,404,852 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,425 |
Savings and temporary cash investments | $2,882,108 |
Pledges and grants receivable | $60,285 |
Accounts receivable, net | $373,120,655 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $895 |
Prepaid expenses and deferred charges | $2,360,968 |
Net Land, buildings, and equipment | $21,721,565 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,009,185 |
Intangible assets | $2,383,329 |
Other assets | $48,849,635 |
Total assets | $452,403,050 |
Accounts payable and accrued expenses | $29,903,097 |
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 | $802,493,282 |
Total liabilities | $832,396,379 |
Net assets without donor restrictions | -$379,993,329 |
Net assets with donor restrictions | $0 |
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 | $452,403,050 |
Over the last fiscal year, Baptist Memorial Medical Group Inc has awarded $30,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
BAPTIST MEMORIAL HEALTH CARE FOUNDATION INC PURPOSE: DONATION FOR DUCK CLASSIC | $5,000 |
TENNESSEE MEDICAL FOUNDATION PURPOSE: GENERAL DONATION | $10,000 |
BAPTIST MEMORIAL HEALTH CARE FOUNDATION INC PURPOSE: DONATION FOR DUCK CLASSIC | $5,000 |
TENNESSEE MEDICAL FOUNDATION PURPOSE: GENERAL DONATION | $10,000 |