Baptist Health Services
- Assets
- $6.9m
- Revenue
- $81.9m
- Investments
- $0.0
- Employees
- 385
- Location
- Little Rock, AR
- Founding
- Data as of
- 12/2022
- EIN
- 82-5433043
Organization Overview
Baptist Health Services is located in Little Rock, AR. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Baptist Health Services employed 385 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baptist Health Services 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 Services generated $81.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 61.3% each year . All expenses for the organization totaled $81.9m during the year ending 12/2022. While expenses have increased by 50.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BAPTIST HEALTH SERVICES EXISTS TO PROVIDE QUALITY PATIENT CENTERED SERVICES TO CITIZENS IN & AROUND FORT SMITH & VAN BUREN, AR WITH CHRISTIAN COMPASSION & PERSONAL CONCERN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTHCARE SERVICES TO PATIENTS IN AND AROUND FORT SMITH & VAN BUREN, ARKANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hrair Simonian Physician | 40 | $2,648,767 | |
Troy Wells President | OfficerTrustee | 1 | $0 |
Varant Arzoumanian Physician | 40 | $2,279,623 | |
Adebayo Fasanya Physician | 40 | $2,106,266 | |
Douglas Weeks Vice President | OfficerTrustee | 1 | $0 |
Nasser Adjei Physician | 40 | $1,660,068 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Physicians Llc Lt Coverage | 12/30/21 | $9,536,819 |
Cardiovascular And Thoracic Solutio Lt Coverage | 12/30/21 | $1,605,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $578,977 |
| 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 | $578,977 |
| Total Program Service Revenue | $81,282,929 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,871,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,958,915 |
| Pension plan accruals and contributions | $1,751,914 |
| Other employee benefits | $2,316,980 |
| Payroll taxes | $2,150,935 |
| 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 | $3,117,310 |
| Advertising and promotion | $14,515 |
| Office expenses | $784,043 |
| Information technology | $3,251 |
| Royalties | $0 |
| Occupancy | $3,981,182 |
| Travel | $68,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,115 |
| Insurance | $190,505 |
| All other expenses | $286,664 |
| Total functional expenses | $81,871,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,022,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,381,160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $295,272 |
| Net Land, buildings, and equipment | $1,217,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,917,053 |
| Accounts payable and accrued expenses | $5,145,825 |
| Grants payable | $0 |
| Deferred revenue | $3,184 |
| 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 | -$214,971 |
| Total liabilities | $4,934,038 |
| Net assets without donor restrictions | $1,983,015 |
| 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 | $6,917,053 |