Baptist Health

Legal name: Baptist Health System Inc

Nonprofit profile at a glance

EIN
592487136
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Jacksonville, FL, United States
Phone
904.202.2000
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Health Systems
Affiliation
Christianity

Official website

Reported finances

Revenue
$289,140,667
Expenses
$481,439,504
Assets
$852,855,429
Liabilities
$189,335,139

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

Leadership & pay

34 people listed

Executive titles in this filing

  • MICHAEL A MAYO DHA (PRESIDENT & CHIEF EXEC OFFICER)

Highest reported compensation

  • MICHAEL A MAYO DHA (PRESIDENT & CHIEF EXEC OFFICER): $2,654,184 total reported compensation
  • MATTHEW A ZUINO (EVP/COO): $1,696,385 total reported compensation
  • KEITH A TICKELL (SVP/CFO/ASST. TREASURER): $1,301,140 total reported compensation

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

Overview

Mission

To make hope, healing and well-being accessible to every person as an expression of God’s love. As a not-for-profit health care system, philanthropy touches every aspect of Baptist Health and defines us as an organization. The Baptist Health Foundation supports the programs and services of our health system and hospitals, enabling Baptist Health to provide the highest quality care for our patients and our community. A key priority is growing endowments that ensure long-term stability for Baptist Health and Wolfson Children’s Hospital, promising quality care for generations to come. Our Foundation Report shows how these funds support our mission. Learn more here.

What it reported doing in 2024

Baptist health system, inc. (bhs, inc. Or the parent) is a tax-exempt parent holding company located in jacksonville, Florida, whose primary purpose is to direct the affairs of a multi-entity health care system (bhs), which includes the following subsidiaries: (1) southern baptist hospital of Florida, inc. (sbhf) - a tax-exempt organization that operates three acute care hospitals, baptist medical center - jacksonville (bmcj), baptist medical center - south (bmcs), and baptist medical center - clay (bmcc); one children's hospital, wolfson children's hospital (wch); and four emergency care centers, baptist emergency center town center (bmtc), baptist emergency center north (becn), baptist emergency center oakleaf (beco), and baptist emergency center st. Augustine (besa). The four hospitals have 521, 357, 102, and 257 licensed beds, respectively. (2) baptist medical center of the beaches, inc. (bmcb) - a tax-exempt, 146-bed acute care hospital. (3) baptist medical center of nassau, inc. (bmcn) - a tax-exempt, 62-bed acute care hospital. (4) baptist health properties, inc. (bhp) - a tax-exempt real estate holding company. (5) baptist health ambulatory services, inc. (asi) - a tax-exempt entity that engages in healthcare research activities. (6) pavilion health services, inc. (phs) - a taxable entity that provides various health care and related support services such as home infusion services, ambulatory care services, and primary care services. (7) other - other consolidated entities include baptist physician partners, llc (bpp), first coast assurance protected cell 1 (fcp), and first coast assurance, inc. (fca) healthcare quality and efficiency in the northeast Florida community. (8) baptist health system foundation, inc. (bhsf) - a public foundation with the primary purpose of raising funds to support the activities of the tax-exempt members of bhs.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 83
  • Accountability: 78
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 62.5%; rating input score 62; 17th 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: -66.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 1.77; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 15.9% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 84% of spending went to programs
  • Governance: 10 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $404.6M in reported program spending
  • Leadership: top reported pay $2.7M · 34 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $21.9M reported
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 17 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 — Sustainability: Operating margin scored 1/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.