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Baptist Healthcare System

Louisville, KY · EIN 61-0444707 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending August 31, 2025 (tax year 2024) · View the filing · Correct or respond

Baptist Healthcare System reported $4.71 billion in revenue and $4.33 billion in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $90.00 went to program services, $10.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.3% of the total. The highest compensation it reported for one person was $5,838,744 (System President, CEO & Dir). 2,441 people received more than $100,000 in reportable compensation. Revenue rose 88% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $4.33B

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $4.71B

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.0%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
10.0%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.6%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.2%0.1%
Program service revenue share
Part VIII 2g ÷ 12
96.3%93.7%
Highest reported compensation
Part VII-A, columns D–F
$5,838,744$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.13%1.34%
People paid over $100,000
Part VII, line 2
2,44127
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
9.56.6
Independent voting board members
Part VI 1a–1b
11 of 1488.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$3.90B expenses · 100.0% of program spending · grants $244M · revenue $4.55B

No description in Part III; see the filing.

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
System President, CEO & Dir
Director/trustee, officer, 40.00 hrs/week
$5,671,807$0$166,937$5,838,744
System Chief Operating Officer
Highest compensated employee, 40.00 hrs/week
$1,989,604$0$184,266$2,173,870
CFO, Treasurer, VP
Officer, 40.00 hrs/week
$1,615,014$0$51,104$1,666,118
Chief Health Integration Officer
Highest compensated employee, 20.00 hrs/week
$1,320,485$0$41,940$1,362,425
Chief Legal Officer, VP, Secretary
Officer, 40.00 hrs/week
$1,211,941$0$40,610$1,252,551
Chief HR, Marketing & Comm Officer
Highest compensated employee, 40.00 hrs/week
$1,075,707$0$73,428$1,149,135
Hospital President
Highest compensated employee, 40.00 hrs/week
$949,823$0$48,056$997,879
Chief Information Officer
Highest compensated employee, 40.00 hrs/week
$882,913$0$34,348$917,261

2,441 people received more than $100,000 in reportable compensation from Baptist Healthcare System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.4M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$2.00B$4.00B$6.00B$8.00BFY2020FY2021FY2022FY2023FY2024FY2025$4.71B$4.33B
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$4.71B$4.33B90.0%$3.43B$5,838,744
FY2024 ⓘ$4.34B$3.88B89.7%$2.99B$3,517,911
FY2023 ⓘ$3.69B$3.53B89.6%$2.40B$3,305,146
FY2022 ⓘ$3.70B$3.15B88.4%$2.33B$3,563,038
FY2021 ⓘ$3.42B$2.73B88.8%$2.46B$3,342,956
FY2020 ⓘ$2.51B$2.17B88.2%$2.02B$2,734,418

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b14 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26Yes
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 521,376
  • Volunteers Part I, line 6780

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
LabCorp
Service Contract
$39,469,186
One Anesthesia PLLC
Medical Staffing
$21,927,533
Northstar Anesthesia of Kentucky LLC
Medical Staffing
$12,050,987
Logans
Service Contract
$12,029,132
Siemens Medical Solutions USA Inc
Service Contract
$10,208,878

Individuals listed as contractors are left out. 234 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Baptist Healthcare System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Baptist Healthcare System, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Kentucky

Questions people ask

How much of Baptist Healthcare System's spending goes to programs?

In the fiscal year ending August 31, 2025, Baptist Healthcare System reported that 90.0% of its $4.33 billion in expenses went to program services, 10.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Baptist Healthcare System pay its top executive?

The largest total compensation Baptist Healthcare System reported for one person in the fiscal year ending August 31, 2025 was $5,838,744, for the role of System President, CEO & Dir (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Baptist Healthcare System get its money?

Of $4.71 billion in revenue in the fiscal year ending August 31, 2025, 0.6% came from contributions and grants (including 0.2% from government grants) and 96.3% from program service revenue (Form 990, Part VIII).

Is Baptist Healthcare System a registered charity?

The IRS lists EIN 61-0444707 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202642059349301034 · read the filing
  • FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202521969349302307 · read the filing
  • FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202421959349300212 · read the filing
  • FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202311989349302721 · read the filing
  • FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202201969349301025 · read the filing
  • FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202121969349301447 · read the filing

All filings for EIN 61-0444707: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.