Baptist Health Medical Group Inc
Baptist Health Medical Group Inc. consistently operates at a significant deficit, with expenses exceeding revenue by hundreds of millions annually.
EIN: 205497203 · Louisville, KY · NTEE: E30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $850.9M |
| Total Expenses | $962.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $850 |
| Net Assets | $68.5M |
| Transparency Score | 65/100 |
Is Baptist Health Medical Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Baptist Health Medical Group Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Baptist Health Medical Group Inc
Baptist Health Medical Group Inc (EIN: 205497203) is a nonprofit organization based in Louisville, KY, classified under NTEE code E30. The organization reported total revenue of $850.9M and total assets of $207.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baptist Health Medical Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baptist Health Medical Group Inc is a major nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $800.6M |
| Total Expenses | $962.6M |
| Surplus / Deficit | $-162,071,282 |
| Total Assets | $243.7M |
| Total Liabilities | $175.2M |
| Net Assets | $68.5M |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 71.9% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Baptist Health Medical Group Inc reported a deficit of $162.1M with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 71.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Baptist Health Medical Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.8% | +9.9% | +48.7% |
| 2022 | +4.6% | +6.3% | -4.5% |
| 2021 | +42.6% | +31.1% | +27.8% |
| 2020 | +0.2% | +7.9% | +36.4% |
| 2019 | +2.8% | +3.4% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Baptist Health Medical Group Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Baptist Health Medical Group Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $162.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings for Baptist Health Medical Group Inc., which is unusual for an organization of its size with over $850 million in revenue. This suggests that executive salaries may be paid by a parent organization or through a related entity, rather than directly by this specific nonprofit, limiting direct transparency on executive pay for this entity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Baptist Health Medical Group Inc's IRS 990 filings:
- Consistent and significant operating deficits, with expenses far exceeding revenue in every reported period (e.g., $162M deficit in 202308, $290M deficit in 202208).
- Lack of reported officer compensation (0%) across all filings, which, while potentially legitimate if handled by a parent entity, reduces direct transparency for this specific organization.
Strengths
The following positive indicators were identified for Baptist Health Medical Group Inc:
- Significant and growing asset base, increasing from $13.6M in 201408 to $207.2M currently, indicating substantial organizational growth.
- Large scale of operations, with latest reported revenue of over $850 million, suggesting a major presence in the healthcare sector.
Frequently Asked Questions about Baptist Health Medical Group Inc
Is Baptist Health Medical Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Baptist Health Medical Group Inc (EIN: 205497203) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Baptist Health Medical Group Inc spend its money?
Baptist Health Medical Group Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Baptist Health Medical Group Inc tax-deductible?
Baptist Health Medical Group Inc is registered as a tax-exempt nonprofit (EIN: 205497203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Baptist Health Medical Group Inc CEO make?
Baptist Health Medical Group Inc's highest-compensated officer earns $850 annually. The organization reported $850.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Baptist Health Medical Group Inc's spending goes to programs?
Baptist Health Medical Group Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Baptist Health Medical Group Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Baptist Health Medical Group Inc is above average for NTEE category E30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Baptist Health Medical Group Inc located?
Baptist Health Medical Group Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205497203. It is classified under NTEE code E30.
How many years of IRS 990 filings does Baptist Health Medical Group Inc have?
Baptist Health Medical Group Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $850.9M in total revenue.
How does Baptist Health Medical Group Inc. cover its consistent operating deficits?
The provided data shows consistent operating deficits, with expenses significantly exceeding revenue in multiple periods (e.g., $962M expenses vs. $800M revenue in 202308). This suggests reliance on other funding sources, such as inter-company transfers from a parent organization, investment income not classified as 'revenue' in these summaries, or drawing down on reserves.
What is the true executive compensation for Baptist Health Medical Group Inc. leadership?
The 990 filings consistently report 0% for officer compensation. This indicates that executive compensation for the leadership of Baptist Health Medical Group Inc. is likely handled and reported by a parent or related entity, rather than directly by this specific nonprofit, making it difficult to ascertain from these filings alone.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how the total expenses are allocated among programs, administration, and fundraising. This information would be crucial for a more precise assessment of spending efficiency.
Filing History
IRS 990 filing history for Baptist Health Medical Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Baptist Health Medical Group Inc's revenue has grown by 2069.7%, moving from $36.9M to $800.6M. Total assets increased by 2973.1% over the same period, from $7.9M to $243.7M. Total functional expenses rose by 1796.2%, from $50.8M to $962.6M. In its most recent filing year (2023), Baptist Health Medical Group Inc reported a deficit of $162.1M, with expenses exceeding revenue. The organization holds $175.2M in liabilities against $243.7M in assets (debt-to-asset ratio: 71.9%), resulting in net assets of $68.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $800.6M | $962.6M | $243.7M | $175.2M | — | — |
| 2022 | $585.3M | $875.9M | $163.9M | $141.4M | — | — |
| 2021 | $559.7M | $824.0M | $171.6M | $126.0M | — | View 990 |
| 2020 | $392.4M | $628.5M | $134.3M | $110.5M | — | — |
| 2019 | $391.6M | $582.5M | $98.5M | $88.8M | — | View 990 |
| 2018 | $380.8M | $563.4M | $107.7M | $78.3M | — | View 990 |
| 2017 | $342.8M | $559.7M | $98.5M | $91.4M | — | View 990 |
| 2016 | $272.0M | $472.4M | $85.1M | $78.5M | — | View 990 |
| 2015 | $216.3M | $328.6M | $62.9M | $89.0M | — | View 990 |
| 2014 | $85.7M | $122.3M | $13.6M | $10.7M | — | View 990 |
| 2013 | $70.5M | $98.8M | $11.0M | $11.4M | — | View 990 |
| 2012 | $52.8M | $71.6M | $8.0M | $6.3M | — | View 990 |
| 2011 | $36.9M | $50.8M | $7.9M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $800.6M, expenses of $962.6M, and assets of $243.7M (revenue +36.8% year-over-year).
- 2022: Revenue of $585.3M, expenses of $875.9M, and assets of $163.9M (revenue +4.6% year-over-year).
- 2021: Revenue of $559.7M, expenses of $824.0M, and assets of $171.6M (revenue +42.6% year-over-year).
- 2020: Revenue of $392.4M, expenses of $628.5M, and assets of $134.3M (revenue +0.2% year-over-year).
- 2019: Revenue of $391.6M, expenses of $582.5M, and assets of $98.5M (revenue +2.8% year-over-year).
- 2018: Revenue of $380.8M, expenses of $563.4M, and assets of $107.7M (revenue +11.1% year-over-year).
- 2017: Revenue of $342.8M, expenses of $559.7M, and assets of $98.5M (revenue +26.0% year-over-year).
- 2016: Revenue of $272.0M, expenses of $472.4M, and assets of $85.1M (revenue +25.8% year-over-year).
- 2015: Revenue of $216.3M, expenses of $328.6M, and assets of $62.9M (revenue +152.4% year-over-year).
- 2014: Revenue of $85.7M, expenses of $122.3M, and assets of $13.6M (revenue +21.6% year-over-year).
- 2013: Revenue of $70.5M, expenses of $98.8M, and assets of $11.0M (revenue +33.6% year-over-year).
- 2012: Revenue of $52.8M, expenses of $71.6M, and assets of $8.0M (revenue +43.0% year-over-year).
- 2011: Revenue of $36.9M, expenses of $50.8M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baptist Health Medical Group Inc:
Data Sources and Methodology
This transparency report for Baptist Health Medical Group Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.