Baptist Memorial Medical Group Inc
81% goes to programs $0 to raise $100 Thin reserves
Baptist Memorial Medical Group Inc is a 501(c)(3) organization based in Memphis, Tennessee, registered in 1997, with $241,030,368 in FY2023 revenue. CharityIndex grades it C, and it directs about 81% of spending to programs.
350 N Humphreys Blvd, Memphis, TN, 38120 EIN 62-1545731 Since 1997
Revenue (FY2023)
$241.0M
▼ 0.2% vs prior year
Health median: $840K
Expenses (FY2023)
$278.1M
Net assets
-$416.0M
Employees
2,003
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating81% 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 Medical Group Inc: 81% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -15% 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 Medical Group Inc: 0 mo reserves · -15% margin earns a F 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 Medical Group Inc: 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 Medical Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Baptist memorial medical group, inc. is a provider of ambulatory hospital services in support of its mission of providing health care to the community. baptist memorial medical group, inc. provides direct primary care medical services through its employed medical providers. baptist memorial medical group, inc. provides such services to the community at large.
Contact & location
- Address
- 350 N Humphreys Blvd, Memphis, TN, 38120
- City
- Memphis
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $126.0M (FY2013) to $241.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $933.4MNet assets -$416.0M
Operating margin
-15.4%
Spent more than it raised in the latest fiscal year.
Total assets
$517.4M
Total liabilities
$933.4M
Net assets
-$416.0M
Salaries & benefits
$224.4M
81% of expenses
Board members
20
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $241,030,368▼0.2% | $278,066,090▲3.2% | -$415,962,389▼9.5% | $517,443,439▲14.4% | 990 |
| 2022 | $241,599,300▲11.3% | $269,404,852▲9.2% | -$379,993,329▼14.0% | $452,403,050▲10.5% | 990 |
| 2021 | $216,980,804▼6.5% | $246,675,891▼0.7% | -$333,454,498▼9.8% | $409,236,025▲16.9% | 990 |
| 2020 | $232,152,357▲23.7% | $248,372,464▲14.8% | -$303,755,698▼5.7% | $349,980,187▲23.2% | 990 |
| 2019 | $187,701,783▲0.1% | $216,319,797▲0.3% | -$287,408,822▼72.9% | $284,159,124▼3.1% | 990 |
| 2018 | $187,465,893▲16.1% | $215,584,435▲8.6% | -$166,192,277▼20.5% | $293,395,267▲11.8% | 990 |
| 2017 | $161,509,803▲30.4% | $198,530,109▲28.4% | -$137,936,374▼37.2% | $262,362,899▲14.3% | 990 |
| 2016 | $123,892,854▲14.2% | $154,672,771▲19.5% | -$100,554,285▼44.2% | $229,537,564▲14.7% | 990 |
| 2015 | $108,521,051▲8.4% | $129,442,952▲5.2% | -$69,722,482▼40.7% | $200,064,918▼13.1% | 990 |
| 2014 | $100,097,969▼20.6% | $123,089,460▼4.8% | -$49,563,263▼88.6% | $230,253,409▲14.2% | 990 |
| 2013 | $126,049,354 | $129,279,757▲16.2% | -$26,283,431▲0.2% | $201,637,304▼8.7% | 990 |
| 2012 | — | $111,232,483▲46.5% | -$26,324,186▼911% | $220,781,593▲64.7% | 990 |
| 2011 | — | $75,951,352▲65.5% | $3,247,423▼78.5% | $134,039,383▲169% | 990 |
| 2010 | — | $45,889,829▲209% | $15,086,174▲60.1% | $49,791,722▲235% | 990 |
| 2009 | — | $14,865,323 | $9,424,400 | $14,854,487 | 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: Joseph Santoso Md — $2,504,349 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph Santoso Md | Physician | 40 | $2,504,349 |
| Bradley A Wolf Md | Physician/director | 40 | $1,759,332 |
| Aleksandar Jankov Md | Physician/director | 40 | $1,271,349 |
| Jacques Samson | Physician | 40 | $1,218,508 |
| Donald Gravenor | Physician | 40 | $1,180,621 |
| Eva Proctor | Physician | 40 | $1,147,150 |
| Julius Kato Md | Physician | 40 | $1,142,911 |
| Kirk Eddleman Md | Physician/director | 40 | $945,298 |
| Elizabeth Lund Md | Physician/director | 40 | $734,810 |
| Cary Finn Md | Physician/chairman | 38.85 | $522,437 |
| William J Lancaster | Cmo | 40 | $436,786 |
| David Webb Md | Physician/director | 40 | $366,444 |
| Robert A Vest | Coo | 40 | $324,279 |
| William Light Md | Physician/director | 40 | $313,615 |
| Gregory Jenkins Md | Physician/director | 40 | $281,012 |
| Owita Mays Md | Physician/director (thru 12/23) | 40 | $272,737 |
| Kim Slate Dnp | Np/director | 40 | $235,722 |
| Warren G Rogers | Exec. Dir. Transition Ops. | 40 | $212,708 |
| Andrew D Jeter | Cfo | 34.42 | $187,549 |
| Janet D Geiger Md | Physician/director (as of 01/24) | 40 | $172,186 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ut Medical Group Inc | Physician Services | $6,517,305 |
| Remote Icu LLC | Physician Services | $2,205,818 |
| Locumtenenscom | Physician Services | $2,172,150 |
| Team Health Inc | Physician Services | $2,138,545 |
| Brian Bruckner | Physician Services | $1,415,000 |
Grants received · $3.7M total
13 grants to Baptist Memorial Medical Group Inc totaling $3.7M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baptist Memorial Health Care Foundation | Medical and outreach programs | 2023 | $405,414 |
| Baptist Memorial Health Care Corporation | Support outreach program and operation outreach van | 2023 | $148,539 |
| Vanderbilt University Medical Center | General | 2023 | $51,536 |
| Baptist Memorial Health Care Foundation | Medical and outreach programs | 2022 | $166,738 |
| Vanderbilt University Medical Center | Public service | 2022 | $31,234 |
| Baptist Memorial Health Care Foundation | Medical and outreach programs | 2021 | $617,386 |
| Baptist Memorial Health Care Foundation | Medical and outreach programs | 2020 | $633,678 |
| Baptist Memorial Health Care Foundation | Employee assistance, outreach programs, and other medical programs | 2019 | $1,011,688 |
| Baptist Memorial Health Care Foundation | Employee assistance | 2018 | $512,555 |
| Baptist Memorial Health Care Foundation | Susan g. komen | 2017 | $27,443 |
| Baptist Memorial Health Care Foundation | Susan g. komen; employee assistance | 2016 | $21,382 |
| Baptist Memorial Health Care Foundation | Susan g. komen; employee assistance | 2015 | $18,538 |
| Baptist Memorial Health Care Foundation | Susan g. komen; employee assistance | 2014 | $18,423 |
Grants made · $10K in FY2021
1 grant totaling $10K in FY2021. All grants made by Baptist Memorial Medical Group Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Tennessee Medical Foundation Inc | General donation | $10,000 |
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Frequently asked questions
- Is Baptist Memorial Medical Group Inc a legitimate nonprofit?
- Yes. Baptist Memorial Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-1545731, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Baptist Memorial Medical Group Inc's EIN?
- Baptist Memorial Medical Group Inc's Employer Identification Number (EIN) is 62-1545731.
- How much revenue does Baptist Memorial Medical Group Inc report?
- Baptist Memorial Medical Group Inc reported $241,030,368 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Baptist Memorial Medical Group Inc's spending goes to programs?
- Baptist Memorial Medical Group Inc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Baptist Memorial Medical Group Inc have?
- CharityIndex grades Baptist Memorial Medical Group Inc C, based on program efficiency and fundraising cost.
- How much does Baptist Memorial Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Baptist Memorial Medical Group Inc's latest Form 990 is $2,504,349, paid to Joseph Santoso Md (Physician).
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Data for Baptist Memorial Medical Group Inc (EIN 62-1545731) 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.