Baptist Health Regional Hospitals
- Assets
- $168.9m
- Revenue
- $307.1m
- Investments
- $0.0
- Employees
- 1,582
- Location
- Little Rock, AR
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 82-5426152
Organization Overview
Baptist Health Regional Hospitals is located in Little Rock, AR. The organization was established in 2019. 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 12/2022, Baptist Health Regional Hospitals employed 1,582 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Regional Hospitals 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 12/2022, Baptist Health Regional Hospitals generated $307.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $334.2m during the year ending 12/2022. While expenses have increased by 50.2% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY PATIENT CENTERED SERVICES TO THE CITIZENS IN & AROUND FORT SMITH & VAN BUREN, AR WITH CHRISTIAN COMPASSION & PERSONAL CONCERN CONSISTENT WITH OUR PURPOSE
Describe the Organization's Program Activity:
BAPTIST HEALTH REGIONAL HOSPITALS 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 REGIONAL HOSPITALS 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 REGIONAL HOSPITALS' COMMITMENT TO SERVE THE RESIDENTS OF ITS COMMUNITY, WE PROVIDE: - 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; AND - HEALTH EDUCATION AND PROGRAMS/SERVICES TO ENHANCE THE HEALTH STATUS OF 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 REGIONAL HOSPITALS SERVED 12,844 INPATIENTS AND PROVIDED FOR 133,987 OUTPATIENTS AND 72,423 EMERGENCY ROOM VISITS DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Wells President | OfficerTrustee | 1 | $0 |
Douglas Weeks Vice President | OfficerTrustee | 1 | $0 |
Brent Beaulieu Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kimberly Miller VP & Administrator | Officer | 40 | $0 |
Jeffery Carrier VP & Administrator | Officer | 40 | $0 |
Kristine Meter Rn | 40 | $227,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $19,497 |
| Government grants | $5,543,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,965 |
| Noncash contributions included in lines 1a–1f | $452,480 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,601,950 |
| Total Program Service Revenue | $296,406,117 |
| Investment income | $350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,293,097 |
| Net Gain/Loss on Asset Sales | $90,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,139,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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. | $165,387 |
| Compensation of current officers, directors, key employees. | $165,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,226,724 |
| Pension plan accruals and contributions | $3,416,218 |
| Other employee benefits | $5,677,275 |
| Payroll taxes | $4,902,295 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $102,723,811 |
| Advertising and promotion | $113,394 |
| Office expenses | $3,246,938 |
| Information technology | $780,155 |
| Royalties | $0 |
| Occupancy | $10,216,843 |
| Travel | $136,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,387 |
| Interest | $6,983,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,237,085 |
| Insurance | $2,497,334 |
| All other expenses | $39,893 |
| Total functional expenses | $334,227,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,334,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,722,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $138 |
| Inventories for sale or use | $6,661,410 |
| Prepaid expenses and deferred charges | $46,000 |
| Net Land, buildings, and equipment | $145,464,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,624,628 |
| Total assets | $168,854,430 |
| Accounts payable and accrued expenses | $13,218,957 |
| 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 | $27,947,275 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,802,238 |
| Total liabilities | $192,968,470 |
| Net assets without donor restrictions | -$24,114,040 |
| 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 | $168,854,430 |
Grants Awarded
Over the last fiscal year, Baptist Health Regional Hospitals has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FORT SMITH PUBLIC SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $50,000 |
GOOD SAMARITAN CLINIC PURPOSE: ECONOMIC DEVELOPMENT | $25,000 |