Baptist Memorial Hospital Tipton
97% goes to programs $0 to raise $100 Strong reserves Growing revenue
Baptist Memorial Hospital Tipton is a 501(c)(3) organization based in Covington, Tennessee, registered in 1982, with $407,050,418 in FY2023 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
1995 Highway 51 South, Covington, TN, 38019 EIN 62-1113167 Since 1982
Revenue (FY2023)
$407.1M
▲ 70.5% vs prior year
Health median: $840K
Expenses (FY2023)
$312.3M
Net assets
$193.1M
Employees
620
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% 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 Memorial Hospital Tipton: 97% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +23% 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 Memorial Hospital Tipton: 7 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Memorial Hospital Tipton: 5 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 Memorial Hospital Tipton: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Baptist memorial hospital-tipton, inc. provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age.
Contact & location
- Address
- 1995 Highway 51 South, Covington, TN, 38019
- City
- Covington
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.7M (FY2013) to $407.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $31.3MNet assets $193.1M
Operating margin
23.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$224.4M
Total liabilities
$31.3M
Net assets
$193.1M
Salaries & benefits
$38.9M
12% of expenses
Board members
7
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $407,050,418▲70.5% | $312,272,848▲51.2% | $193,067,854▲96.4% | $224,361,093▲90.3% | 990 |
| 2022 | $238,803,208▲16.6% | $206,478,618▲8.1% | $98,290,284▲49.0% | $117,925,476▲38.9% | 990 |
| 2021 | $204,889,336▲6.8% | $190,944,716▲7.8% | $65,965,694▲26.8% | $84,878,626▲4.4% | 990 |
| 2020 | $191,919,285▲21.2% | $177,198,302▲16.5% | $52,021,074▲39.5% | $81,285,891▲5.6% | 990 |
| 2019 | $158,320,482▲24.1% | $152,071,939▲29.8% | $37,300,091▲20.1% | $76,967,438▲49.5% | 990 |
| 2018 | $127,573,082▲22.9% | $117,197,748▲22.4% | $31,051,548▲50.2% | $51,494,535▲8.3% | 990 |
| 2017 | $103,824,004▲12.9% | $95,739,081▲13.7% | $20,676,214▲64.2% | $47,537,282▲0.4% | 990 |
| 2016 | $91,963,019▲9.4% | $84,175,587▲1.0% | $12,591,291▲173% | $47,356,740▲17.0% | 990 |
| 2015 | $84,060,045▲8.0% | $83,359,054▼4.9% | $4,608,332▲17.9% | $40,476,163▼5.0% | 990 |
| 2014 | $77,833,397▲5.6% | $87,693,753▲5.8% | $3,907,341▼72.3% | $42,615,881▼6.4% | 990 |
| 2013 | $73,686,153 | $82,860,084▲5.7% | $14,089,993▼45.8% | $45,512,829▼3.4% | 990 |
| 2012 | — | $78,413,323▼8.2% | $26,018,373▼5.0% | $47,114,261▼5.7% | 990 |
| 2011 | — | $85,424,494▲196% | $27,393,021▲26.0% | $49,955,852▲98.7% | 990 |
| 2010 | — | $28,817,398▲4.7% | $21,747,851▼42.9% | $25,136,992▼36.3% | 990 |
| 2009 | — | $27,513,304 | $38,111,675 | $39,470,129 | 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: Renin Lukose — $221,567 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Renin Lukose | Physicist-medical Senior | 40 | $221,567 |
| Joseph J Vernon | Executive Director-clinical | 40 | $144,532 |
| Jackie Barton | Chief Nursing Officer (thru 01/24) | 40 | $143,639 |
| Brooks L Norman | Manager-pharmacy Infusion Center | 40 | $137,826 |
| Kimberly T Scoggins | Pharmacist-clinical | 40 | $134,691 |
| Clesheree Stepter | Nurse Practitioner | 37.98 | $132,529 |
| Carlos Mendoza | Cfo | 40 | $128,144 |
| Arie Szatkowski Md | Director | 0.23 | — |
| Cary Finn Md | Director | 0.23 | — |
| Dale Morris Md | Chairman | 0.23 | — |
| Edwin P Cade | Director | 0.23 | — |
| Gary C Anderson | Director(thru 12/23)/vice President | 0.23 | — |
| Gregory M Duckett | Secretary | 0.23 | — |
| Jason M Little | Director/president | 0.23 | — |
| Joy Gilmore | Cno (as of 06/24) | 40 | — |
| Kris Azlin | Director (as of 01/24) | 0.23 | — |
| Parker Harris | Ceo | 39.6 | — |
| Paul D Depriest Md | Former Vice President | 0 | — |
| Riad Homsi Md | Director | 0.23 | — |
| Samuel S Lynd | Former Ceo | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lifelinc Anesthesia | Anesthesia Services | $565,559 |
| Medicos General | Physician Services | $491,000 |
| Team Health Inc | Physician Services | $429,406 |
| Morrison Management Specialists Inc | Management Services | $375,083 |
| Midsouth Infectious Disease | Physician Services | $261,272 |
Grants received · $523K total
7 grants to Baptist Memorial Hospital Tipton totaling $523K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baptist Memorial Health Care Foundation | Various medical and community projects | 2023 | $61,487 |
| Baptist Memorial Health Care Foundation | Various medical and community projects | 2022 | $157,918 |
| Baptist Memorial Health Care Foundation | Various medical and community projects | 2021 | $97,648 |
| Baptist Memorial Health Care Foundation | Various medical and community projects | 2020 | $81,811 |
| Patient Access Network Foundation | Patient assistance | 2015 | $54,557 |
| Vanderbilt University | Research | 2015 | $24,000 |
| Patient Access Network Foundation | Patient assistance | 2014 | $45,309 |
Grants made · $10K in FY2022
1 grant totaling $10K in FY2022. All grants made by Baptist Memorial Hospital Tipton →
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Inc | Hope lodge | $10,000 |
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Frequently asked questions
- Is Baptist Memorial Hospital Tipton a legitimate nonprofit?
- Yes. Baptist Memorial Hospital Tipton is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-1113167, based in Covington, Tennessee. Donations are tax-deductible.
- What is Baptist Memorial Hospital Tipton's EIN?
- Baptist Memorial Hospital Tipton's Employer Identification Number (EIN) is 62-1113167.
- How much revenue does Baptist Memorial Hospital Tipton report?
- Baptist Memorial Hospital Tipton reported $407,050,418 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Baptist Memorial Hospital Tipton's spending goes to programs?
- Baptist Memorial Hospital Tipton spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Baptist Memorial Hospital Tipton have?
- CharityIndex grades Baptist Memorial Hospital Tipton A, based on program efficiency and fundraising cost.
- How much does Baptist Memorial Hospital Tipton's highest-paid employee make?
- The highest reported compensation on Baptist Memorial Hospital Tipton's latest Form 990 is $221,567, paid to Renin Lukose (Physicist-medical Senior).
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Data for Baptist Memorial Hospital Tipton (EIN 62-1113167) 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.