Baptist Healthcare System Inc
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Baptist Healthcare System Inc is a 501(c)(3) organization based in Louisville, Kentucky, registered in 1937, with $4,336,531,405 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
1901 Campus Pl, Louisville, KY, 40299 EIN 61-0444707 Since 1937
Revenue (FY2023)
$4.3B
▲ 17.4% vs prior year
Health median: $840K
Expenses (FY2023)
$3.9B
Net assets
$3.0B
Employees
21,334
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Baptist Healthcare System Inc: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Baptist Healthcare System Inc: 9 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Baptist Healthcare System Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Baptist Healthcare System Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide quality healthcare services & enhance the health of the people & communities we serve.
Contact & location
- Address
- 1901 Campus Pl, Louisville, KY, 40299
- City
- Louisville
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.4B (FY2013) to $4.3B (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.2BNet assets $3.0B
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.2B
Total liabilities
$2.2B
Net assets
$3.0B
Salaries & benefits
$1.6B
41% of expenses
Board members
13
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,336,531,405▲17.4% | $3,883,349,938▲9.9% | $2,991,029,938▲24.4% | $5,185,344,282▲13.6% | 990 |
| 2022 | $3,692,771,906▼0.3% | $3,533,165,433▲12.2% | $2,403,437,436▲3.2% | $4,563,630,785▲7.3% | 990 |
| 2021 | $3,703,027,563▲8.1% | $3,149,011,341▲15.2% | $2,328,769,561▼5.2% | $4,254,824,382▼9.6% | 990 |
| 2020 | $3,424,340,732▲36.6% | $2,734,409,007▲26.3% | $2,457,766,642▲21.6% | $4,706,189,081▲27.0% | 990 |
| 2019 | $2,507,006,969▲9.0% | $2,165,249,181▲8.4% | $2,021,550,663▲12.1% | $3,706,111,550▲21.1% | 990 |
| 2018 | $2,299,934,365▲8.7% | $1,997,900,399▲7.4% | $1,802,832,357▲10.6% | $3,059,532,712▲5.9% | 990 |
| 2017 | $2,116,259,710▲2.7% | $1,860,267,322▲1.6% | $1,629,969,666▲5.9% | $2,890,128,218▲3.3% | 990 |
| 2016 | $2,060,078,675▲32.5% | $1,831,594,479▲33.0% | $1,539,884,697▲6.5% | $2,796,627,084▲17.1% | 990 |
| 2014 | $1,555,129,710▲8.0% | $1,376,673,515▲11.4% | $1,445,646,074▲2.2% | $2,389,242,122▲4.5% | 990 |
| 2013 | $1,440,519,518 | $1,236,077,202▲1.1% | $1,414,496,114▼7.6% | $2,286,559,034▼3.4% | 990 |
| 2012 | — | $1,222,862,006▲1.9% | $1,530,382,102▲10.4% | $2,367,833,857▲5.9% | 990 |
| 2011 | — | $1,200,168,500▼1.7% | $1,386,195,479▲11.2% | $2,235,043,484▲13.3% | 990 |
| 2010 | — | $1,220,867,329▲5.6% | $1,246,399,082▲11.4% | $1,973,372,046▲7.0% | 990 |
| 2009 | — | $1,155,621,459 | $1,118,940,580 | $1,843,570,658 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Gerard J Colman Phd — $3,115,807 (0.08% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gerard J Colman Phd | Ceo & Director | 40 | $3,115,807 |
| Patrick Falvey | System Chief Operating Officer | 40 | $1,589,511 |
| Isaac Myers Md | Chief Health Integration Officer | 20 | $1,166,884 |
| Janet Norton | Secretary, Vp, Chief Legal Officer | 40 | $1,070,881 |
| Joseph Prather | Chief Strategy Officer(through 5/24) | 40 | $945,828 |
| Angela Mannino | Chief Hr, Marketing & Comm Officer | 40 | $892,090 |
| Richard F Carrico | Cfo, Treasurer, Vp | 40 | $883,091 |
| Christopher Roty | Hospital President | 40 | $834,183 |
| Stephen R Oglesby | Former Cfo, Treas, Vp(through 1/23) | 0 | $336,248 |
| Aaron Thompson Phd | Director (through 12/31/23) | 1 | $3,000 |
| Bonnie Stith | Director | 1 | $3,000 |
| Dwain Morris | Director | 1 | $3,000 |
| Glenn Leveridge | Director (through 12/31/23) | 1 | $3,000 |
| Jennifer Thomas | Director | 1 | $3,000 |
| Kerry M Stemler | Director | 1 | $3,000 |
| Lewis Diaz | Director | 1 | $3,000 |
| Linda J Thomas Phd | Director | 1 | $3,000 |
| Peter E Locken III Md | Director (through 10/23/23) | 1 | $3,000 |
| Rev Dr Terry T Lester | Director (through 12/31/23) | 1 | $3,000 |
| Robert L Hook Jr | Director | 1 | $3,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Labcorp | Service Contract | $35,081,404 |
| One Anesthesia Pllc | Medical Staffing | $13,206,939 |
| Northstar Anesthesia of Kentucky LLC | Medical Staffing | $12,547,939 |
| Logans | Service Contract | $11,204,327 |
| Siemens Medical Solutions USA Inc | Service Contract | $9,522,322 |
Grants received · $1.3M total
24 grants to Baptist Healthcare System Inc totaling $1.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic Group Return | Support charitable programs | 2024 | $67,785 |
| Ayco Charitable Foundation | Medical / public services | 2024 | $25,000 |
| American Heart Association Inc | Aortic stenosis initiative | 2024 | $10,000 |
| Mayo Clinic Group Return | Support research program | 2023 | $129,100 |
| Mayo Clinic Group Return | Support charitable programs | 2022 | $83,365 |
| American Heart Association Inc | Cardiac response program | 2022 | $8,000 |
| American Heart Association Inc | Atrial fibrillation initiative | 2022 | $5,500 |
| Mayo Clinic Group Return | Support charitable programs | 2021 | $148,561 |
| Ayco Charitable Foundation | Medical / public services | 2021 | $25,000 |
| Mayo Clinic Group Return | Support charitable programs | 2020 | $135,051 |
| Save the Children Federation Inc | Humanitrian activity | 2020 | $92,800 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $20,000 |
| Donor Advised Charitable Giving | Health | 2020 | $5,000 |
| Donor Advised Charitable Giving | Health | 2020 | $5,000 |
| Mayo Clinic Group Return | Support charitable programs | 2019 | $175,491 |
Grants made · $207.6M in FY2023
47 grants totaling $207.6M in FY2023 — showing the 15 largest. All grants made by Baptist Healthcare System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Baptist Health Medical Group Inc | Subsidize services | $204,164,004 |
| Sos International Inc | General support | $1,344,236 |
| Baptist Health Foundation Hardin | General support | $481,358 |
| Baptist Health Deaconess Madisonville Inc | General support | $450,000 |
| Louisville Healthcare Ceo Council Inc | General support | $306,820 |
| American Cancer Society Inc | General support | $112,650 |
| American Heart Association Inc | General support | $86,000 |
| Knox Regional Development Alliance Inc | General support | $80,000 |
| One Southern Indiana Inc | General support | $35,050 |
| Kosair Charities Committee Inc | General support | $30,000 |
| Hildegard House | General support | $30,000 |
| Refuge Ministries Inc | General support | $30,000 |
| Boy Scouts of America | General support | $26,000 |
| Hope Center Inc | General support | $25,000 |
| Lexington Strides Ahead Foundation | General support | $25,000 |
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Frequently asked questions
- Is Baptist Healthcare System Inc a legitimate nonprofit?
- Yes. Baptist Healthcare System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0444707, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Baptist Healthcare System Inc's EIN?
- Baptist Healthcare System Inc's Employer Identification Number (EIN) is 61-0444707.
- How much revenue does Baptist Healthcare System Inc report?
- Baptist Healthcare System Inc reported $4,336,531,405 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Baptist Healthcare System Inc's spending goes to programs?
- Baptist Healthcare System Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Baptist Healthcare System Inc have?
- CharityIndex grades Baptist Healthcare System Inc A, based on program efficiency and fundraising cost.
- How much does Baptist Healthcare System Inc's highest-paid employee make?
- The highest reported compensation on Baptist Healthcare System Inc's latest Form 990 is $3,115,807, paid to Gerard J Colman Phd (Ceo & Director).
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Data for Baptist Healthcare System Inc (EIN 61-0444707) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.