Baptist Health Care

Nonprofit profile at a glance

EIN
590657322
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Pensacola, FL, United States
Phone
448.227.5350
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,054,248,979
Expenses
$1,000,321,353
Assets
$1,492,828,361
Liabilities
$1,113,699,578

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

44 people listed

Executive titles in this filing

  • BRETT ALDRIDGE (EXECUTIVE VICE PRESIDENT & COO)
  • CHARLES J BRINKLEY III (SENIOR VICE PRESIDENT & INCOMING CFO APRIL 2025)
  • CYD CADENA (SENIOR VICE PRESIDENT - OPERATIONS)
  • JULIE CARDWELL (SENIOR VICE PRESIDENT & GBH ADMINISTRATOR)
  • MARK FAULKNER (PRESIDENT & CEO)
  • CHAD MCCAMMON (VICE PRESIDENT - ORTHOPAEDICS & AMBULATORY)

Highest reported compensation

  • BRETT REICHWAGE MD (PHYSICIAN): $2,474,038 total reported compensation
  • WILLIAM DILLEN MD (PHYSICIAN): $2,065,078 total reported compensation
  • SHERIF IBRAHIM MD (PHYSICIAN): $1,961,041 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Baptist Health Care is the area’s only locally based, not-for-profit health care system whose purpose is to help families connect the dots between prevention, lifestyle and physician-directed care; the organization’s mission is helping people throughout life’s journey. Our Mission is helping people throughout life’s journey. Our Vision Our Vision is to be the trusted partner for improving the quality of life in the communities we serve. OUR STORY, MISSION, VISION and VALUES > You can count on us to continue reaching out to you – our neighbors – to support healthy, happy families. > **Mark Faulkner** , President and CEO, Baptist Health Care. Our Team Members Our team members are skilled and compassionate individuals who serve our communities and live our Values of Ownership, Integrity, Compassion, Excellence and Service. Team members make Baptist a better place and support our Mission...

What it reported doing in 2024

General and specialized health care services. Baptist health care, inc. Operates two public not-for-profit hospitals. Its main campus, which opened in september 2023, includes a 402-bed tertiary care hospital and a 90-bed behavioral health unit. As the largest hospital in the baptist health care network, the main campus provides specialized care for oncology, heart and vascular, bariatrics, orthopaedics, neurology, trauma, surgery, diagnostic imaging, rehabilitation, and psychiatric services. Gulf breeze hospital is a 77-bed general hospital providing acute and emergency care. Services include diagnostic imaging, surgery, laboratory and orthopaedic services. All hospital and physician services, education, research, and related activities contribute directly or indirectly to medical diagnosis, treatment, and research, and to the christian ministry of serving the sick or injured, the disabled, the aged, or afflicted. Baptist health care dedicates its efforts to the "healing of humanity's hurt".

Operating model

Revenue model
Other-operating. 96% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 99.4%; rating input score 99; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.1%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 1.49; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 80.3% of revenue deployed · 84.2% of spending went to programs
  • Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $842.6M in reported program spending
  • Leadership: top reported pay $2.5M · 44 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $25.6M reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 34 filed money-flow records
  • Related organizations: 19 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 56/100.