Baptist Health
- Assets
- $1.9b
- Revenue
- $1.4b
- Investments
- $353.0m
- Employees
- 8,966
- Location
- Little Rock, AR
- Founding
- 01/1955
- Data as of
- 12/2023
- EIN
- 71-0236856
Organization Overview
Baptist Health is located in Little Rock, AR. The organization was established in 1955. 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 12/2023, Baptist Health employed 8,966 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health 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 12/2023, Baptist Health generated $1.4b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.3b during the year ending 12/2023. While expenses have increased by 5.8% 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.
Since 2014, Baptist Health has awarded 38 individual grants totaling $3,085,964. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST HEALTH EXISTS TO PROVIDE QUALITY PATIENT CENTERED SERVICES TO THE CITIZENS OF AR WITH CHRISTIAN COMPASSION & PERSONAL CONCERN CONSISTENT WITH OUR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS - BAPTIST HEALTH PROVIDES ACCESS TO A FULL RANGE OF COMPREHENSIVE HEALTH CARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY, AGE, OR ABILITY TO PAY. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS ESSENTIAL TO BAPTIST HEALTH FOR THE CONTINUED OPERATION, FINANCIAL STABILITY, AND ABILITY TO PROVIDE NEEDED NEW SERVICES AND TECHNOLOGY, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE HEALTH CARE AND ESSENTIAL MEDICAL SERVICES. FURTHER, OUR MISSION IS TO SERVE THIS COMMUNITY WITH RESPECT TO PROVIDING COMPREHENSIVE HEALTH CARE SERVICES AND HEALTH EDUCATION. THEREFORE, IN KEEPING WITH BAPTIST HEALTH'S COMMITMENT TO SERVE THE RESIDENTS OF ITS COMMUNITY, WE PROVIDE: - SUBSIDIZED EDUCATION TO HEALTH CARE PROFESSIONALS, - FREE AND SUBSIDIZED CARE TO THOSE WHO CANNOT PAY, - CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT REIMBURSEMENT BELOW OUR REGULAR RATES PAID BY OTHER THIRD PARTIES, - HEALTH EDUCATION AND PROGRAMS/SERVICES TO ENHANCE THE HEALTH STATUS OF THE COMMUNITY; AND - IN-KIND DONATIONS TO NON-PROFIT COMMUNITY AGENCIES TO ENHANCE THEIR SERVICES TO THE COMMUNITY. SUCH SERVICES AND PROGRAMS ARE PROVIDED WHERE THE NEED AND/OR INDIVIDUAL'S INABILITY TO PAY CO-EXISTS. THESE ACTIVITIES INCLUDE WELLNESS AND PREVENTION EDUCATION PROGRAMS, COMMUNITY DIAGNOSTIC SCREENING PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY, YOUTH AT RISK, HANDICAPPED, MEDICALLY UNDER SERVED, MEDICAL CARE FOR THE UNINSURED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. BAPTIST HEALTH SERVED 45,117 INPATIENTS AND PROVIDED FOR 285,018 OUTPATIENTS AND 137,534 EMERGENCY ROOM VISITS DURING 2023. BAPTIST HEALTH ALSO SERVED 4,830 HOME HEALTH AND HOSPICE PATIENTS, AND 81 PATIENTS IN THE COMMUNITY PALLIATIVE CARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Cardiology Pa Staffing Services | 12/30/23 | $42,425,399 |
Medical Services Group Ltd Medical Services | 12/30/23 | $8,257,939 |
Southeast Emergency Physicians Staffing Service | 12/30/23 | $3,870,424 |
Stuttgart Medical Clinic Ltd Staffing Services | 12/30/23 | $4,032,389 |
Radiology Consultants Of Lr Staffing Services | 12/30/23 | $3,687,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $282,234 |
| Government grants | $71,954,768 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,178 |
| Noncash contributions included in lines 1a–1f | $525,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,423,180 |
| Total Program Service Revenue | $1,164,610,597 |
| Investment income | $13,367,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $481 |
| Net Rental Income | $890,524 |
| Net Gain/Loss on Asset Sales | -$4,189,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,111,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,377,217,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $445,537 |
| 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. | $11,191,684 |
| Compensation of current officers, directors, key employees. | $11,191,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,143,535 |
| Pension plan accruals and contributions | $23,311,528 |
| Other employee benefits | $38,934,928 |
| Payroll taxes | $32,368,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $187,492 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286,353,048 |
| Advertising and promotion | $4,680,135 |
| Office expenses | $52,987,959 |
| Information technology | $39,170,265 |
| Royalties | $0 |
| Occupancy | $10,218,967 |
| Travel | $1,022,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324,842 |
| Interest | $3,449,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,055,313 |
| Insurance | $9,242,574 |
| All other expenses | $24,391,802 |
| Total functional expenses | $1,275,411,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,374,103 |
| Savings and temporary cash investments | $125,400,926 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $218,185,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,498,094 |
| Prepaid expenses and deferred charges | $63,356,834 |
| Net Land, buildings, and equipment | $444,106,869 |
| Investments—publicly traded securities | $99,444,331 |
| Investments—other securities | $353,018,586 |
| Investments—program-related | $2,172,103 |
| Intangible assets | $0 |
| Other assets | $492,272,693 |
| Total assets | $1,868,829,929 |
| Accounts payable and accrued expenses | $191,495,938 |
| Grants payable | $0 |
| Deferred revenue | -$198 |
| Tax-exempt bond liabilities | $237,207,684 |
| 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 | $257,765,240 |
| Other liabilities | $51,997,111 |
| Total liabilities | $738,465,775 |
| Net assets without donor restrictions | $1,128,798,249 |
| Net assets with donor restrictions | $1,565,905 |
| 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 | $1,868,829,929 |
Grants Awarded
Over the last fiscal year, Baptist Health has awarded $304,397 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ARKANSAS AREA AGENCY ON AGING INC PURPOSE: GENERAL SUPPORT | $70,000 |
OUACHITA BAPTIST UNIVERSITY PURPOSE: GENERAL SUPPORT | $50,147 |
LITTLE ROCK REGIONAL CHAMBER PURPOSE: Economic Development | $64,000 |
HOME FOR HEALING PURPOSE: GENERAL SUPPORT | $20,000 |
GREAT 100 NURSES FOUNDATION PURPOSE: GENERAL SUPPORT | $15,000 |
CANCER SUPPORT FOUNDATION PURPOSE: GENERAL SUPPORT | $11,500 |