Baptist Health Foundation Inc

Nonprofit profile at a glance

EIN
473403762
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Jackson, MS, USA
Phone
6019681489
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Single Organization Support
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,834,193
Expenses
$1,816,843
Assets
$34,959,967
Liabilities
$6,001,295

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

Leadership & pay

29 people listed

Executive titles in this filing

  • JASON M LITTLE (PRESIDENT)
  • STEPHEN SNEAD (EXECUTIVE DIRECTOR (THRU 05/25))
  • VALERIE LINN (EXECUTIVE DIRECTOR (AS OF 9/25))

Highest reported compensation

  • JASON M LITTLE (PRESIDENT): $3,913,950 total reported compensation
  • GREGORY M DUCKETT (SECRETARY): $1,760,131 total reported compensation
  • HENRY C WATERER MD (DIRECTOR): $992,211 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 foundation, inc. Raises funds to support the charitable health care mission of Mississippi baptist medical center, inc. And its affiliated tax exempt entities.

What it reported doing in 2024

Baptist health foundation, inc., established in 1989, is the fundraising arm of Mississippi baptist medical center, inc., which raises money to benefit various Mississippi baptist medical center, inc. Programs and services. Funds raised by baptist health foundation, inc. Help accomplish Mississippi baptist medical center, inc.'s charitable care objectives and provide resources for enhanced patient care and hospital and clinical education. Baptist health foundation, inc. Solicits, receives, and manages contributions, gifts, grants, and bequests. Funds raised by baptist health foundation, inc. Play a key role in fulfilling the mission of healing, preaching, and teaching for the affiliates of Mississippi baptist medical center, inc. Baptist health foundation, inc. Administers contributed dollars through numerous donor restricted funds which support the continuum of care offered by Mississippi baptist medical center, inc. Facilities including oncology, cardiovascular, and rehabilitative services, just to name a few. Baptist health foundation, inc. Also allocates a portion of unrestricted contributed dollars and portfolio earnings for the benefit of its various grant programs. Baptist health foundation, inc. Sponsors several fundraising events throughout the year. "hearts & clubs" golf tournament is an annual event that raises money for baptist heart and cardiovascular services. Over 100 golfers participate in a scramble-style tournament hosted by baptist health foundation, inc. Event proceeds are collected through corporate sponsorships, team entries, and in-kind donations. "fund for the girls", Mississippi baptist medical center, inc.'s breast health initiative, provides breast services free of charge to those in need, including screening and diagnostic mammograms, ultrasounds, biopsies, and other services medically indicated. Support comes from community donations including individuals, businesses, schools, physicians, baptist employees, patients, and board members. Various events are held throughout the year, especially during the fall. If you would like more information on baptist health foundation, inc., please visit our website at https://baptisthealth.foundation/.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.
  • 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 72
  • Accountability: 78
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.5%; rating input score 88
  • Fundraising efficiency: $7.75 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 96.1%; rating input score 96; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 86.4%; rating input score 86; 21st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.9%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 19.24; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 30.7%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.5% of spending went to programs
  • Governance: 19 of 22 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $3.9M · 29 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 76 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.