Baptist Hospital Inc
- Assets
- $424.6m
- Revenue
- $637.3m
- Investments
- $14.6m
- Employees
- 4,030
- Location
- Pensacola, FL
- Founding
- 04/1953
- Data as of
- 09/2019
- EIN
- 59-0657322
Organization Overview
Baptist Hospital Inc is located in Pensacola, FL. The organization was established in 1953. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Baptist Hospital Inc employed 4,030 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Baptist Hospital Inc generated $637.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $611.5m during the year ending 09/2019. While expenses have increased by 4.7% 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.
Since 2015, Baptist Hospital Inc has awarded 40 individual grants totaling $4,700,956. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO MEET THE HEALTH CARE NEEDS IN THE REGION. IT OPERATES TWO ACUTE CARE HOSPITALS THAT PROVIDE INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL AND SPECIALIZED HEALTH CARE SERVICES INCLUDING INPATIENT, PRIMARY CARE, LONG TERM AND OUTPATIENT SERVICES. BAPTIST HOSPITAL IS A 492-BED TERTIARY CARE HOSPITAL, THE LARGEST IN THE BAPTIST HEALTH CARE NETWORK, THAT PROVIDES SPECIALIZED CARE FOR ONCOLOGY, HEART AND VASCULAR, BARIATRICS, ORTHOPAEDICS, NEUROLOGY, TRAUMA, SURGERY, DIAGNOSTIC IMAGING, AND PSYCHIATRIC SERVICES. IN ADDITION, BAPTIST HOSPITAL OFFERS DIAGNOSTIC, TREATMENT AND REHABILITATION SERVICES. GULF BREEZE HOSPITAL IS A 77-BED GENERAL HOSPITAL PROVIDING ACUTE AND EMERGENCY CARE. SERVICES INCLUDE DIAGNOSTIC IMAGING, SURGERY, LABORATORY AND ORTHOPAEDICS.
COMMUNITY BENEFIT ACTIVITIES INCLUDING FREE HEALTH SCREENINGS, DONATIONS TO NOT-FOR-PROFIT COMMUNITY ORGANIZATIONS, COMMUNITY HEALTH EDUCATION, MENTORING/SUPPORT GROUPS, CONTINUING MEDICAL EDUCATION, AND OTHER COMMUNITY OUTREACH SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Reichwage MD Physician | 40 | $1,684,625 | |
James F Adams MD Physician | 40 | $1,171,655 | |
Philip C Maher MD Physician | 40 | $1,022,136 | |
Joshua A Davis MD Physician | 40 | $917,218 | |
Ming Zhang MD Physician | 40 | $857,091 | |
Bryon Scott Raynes President-Bhi/exec Vp-Bhc | Officer | 30 | $716,438 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burwood Group Inc It Consulting | 9/29/19 | $901,846 |
Beggs Lane Legal Services | 9/29/19 | $863,530 |
Gic Informatics Llc It Services | 9/29/19 | $1,520,162 |
Ams Baptist Llc Anesthesia Services | 9/29/19 | $500,000 |
Pensacola Lung Group Trauma Coverage | 9/29/19 | $621,375 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,220,660 |
| Investment income | $10,857,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $308,333 |
| Net Rental Income | $1,816,311 |
| Net Gain/Loss on Asset Sales | $2,791,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $637,271,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $99,592 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,388,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,836,396 |
| Pension plan accruals and contributions | $4,104,110 |
| Other employee benefits | $13,533,724 |
| Payroll taxes | $12,323,411 |
| Fees for services: Management | $46,516,632 |
| Fees for services: Legal | $650,124 |
| Fees for services: Accounting | $227,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,852 |
| Fees for services: Other | $38,105,949 |
| Advertising and promotion | $470,506 |
| Office expenses | $14,019,893 |
| Information technology | $1,960,399 |
| Royalties | $0 |
| Occupancy | $15,800,936 |
| Travel | $814,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,244 |
| Interest | $11,920,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,518,892 |
| Insurance | $7,294,459 |
| All other expenses | $0 |
| Total functional expenses | $611,487,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,292,781 |
| Savings and temporary cash investments | $79,750,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,896,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,532,200 |
| Prepaid expenses and deferred charges | $2,899,508 |
| Investments—publicly traded securities | $24,531,621 |
| Investments—other securities | $14,630,261 |
| Investments—program-related | $0 |
| Intangible assets | $5,383,401 |
| Other assets | $10,838,799 |
| Total assets | $424,581,073 |
| Accounts payable and accrued expenses | $50,215,450 |
| Grants payable | $142,515 |
| Deferred revenue | $457,002 |
| Tax-exempt bond liabilities | $133,516,079 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $55,579,503 |
| Unsecured mortgages and notes payable | $47,500,000 |
| Other liabilities | $62,535,870 |
| Total liabilities | $349,946,419 |
| Net assets without donor restrictions | $73,395,919 |
| Net assets with donor restrictions | $1,238,735 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $74,634,654 |
Grants Awarded
Over the last fiscal year, Baptist Hospital Inc has awarded $710,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Pensacola, FL PURPOSE: Healthcare | $537,500 |
Pensacola, FL PURPOSE: Health & Wellness | $72,500 |
Pensacola, FL PURPOSE: EDUCATION/RESEARCH | $40,500 |
Atlanta, GA PURPOSE: CANCER RESEARCH | $23,500 |
Pensacola, FL PURPOSE: HEALTH & WELLNESS | $14,000 |
Pensacola, FL PURPOSE: HOSPICE SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baptist Hospital Inc has recieved totaling $873,387.
| Awarding Organization | Amount |
|---|---|
Baptist Health Care Foundation Inc Pensacola, FL PURPOSE: healthcare | $873,387 |
Endowment Analysis
| Beg. Balance | $1,453,754 |
| Earnings | $46,881 |
| Net Contributions | $5,703,080 |
| Other Expense | $5,779,832 |
| Ending Balance | $1,423,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $664,920,656 | $872,003,409 |
Lakeland Regional Medical Center Inc Lakeland, FL | $848,882,351 | $905,422,211 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,199,138,244 | $852,052,211 |
Medical Center Of Central Georgia Inc Macon, GA | $1,263,100,131 | $832,091,905 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $1,036,825,508 | $767,922,503 |
University Community Hospital Inc Tampa, FL | $1,125,458,239 | $761,872,885 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $991,316,249 | $705,262,777 |
Holmes Regional Medical Center Rockledge, FL | $836,033,476 | $676,432,078 |
Baptist Hospital Inc Pensacola, FL | $424,581,073 | $637,271,785 |
Cobb Hospital Marietta, GA | $377,533,901 | $772,795,328 |
South Miami Hospital Inc Miami, FL | $328,157,202 | $674,336,307 |