Baptist Memorial Health Care Foundation

What it reported doing in 2024

Baptist memorial health care foundation, inc., established in 1983, is the fundraising arm of the baptist memorial health care system which raises money to benefit various baptist memorial health care corporation programs and services. Funds raised by baptist memorial health care foundation, inc. Help accomplish baptist memorial health care corporation's charitable care objectives and provide resources for enhanced patient care, education, and groundbreaking clinical research. Baptist memorial health care foundation, inc. Solicits, receives, and manages contributions, gifts, grants, and bequests. Funds raised by baptist memorial health care foundation, inc. Play a key role in fulfilling the mission of healing, preaching, and teaching for the affiliates of baptist memorial health care corporation. Baptist memorial health care foundation, inc. Administers contributed dollars through numerous donor restricted funds which support the continuum of care offered by baptist memorial health care corporation facilities including oncology, cardiovascular, pediatric, and rehabilitative services, just to name a few. Baptist memorial health care foundation, inc. Also allocates a portion of unrestricted contributed dollars and portfolio earnings for the benefit of its various grant programs.board of directors grant program baptist memorial health care foundation, inc.'s board of directors grant program has made available the necessary funds to expand existing services and programs throughout the system creating a number of new and exciting initiatives. The funds made available for the board of directors grant program have come through unrestricted contributions, as well as, careful investment of the baptist memorial health care foundation, inc.'s endowment.the following programs received new funding during the fiscal year ended september 30, 2025:2025 hospital security initiative: this grant will implement proven technology and countermeasures at pilot bmhcc hospitals to aid in mitigating hazards, enhancing response to alarms, creating a safer workplace, and reducing incidents of workplace violence.baptist technological innovation center: this grant will establish a technological innovation center that will explore new and emerging technologies and determine best ways to implement these technologies within the baptist memorial health care system.central monitoring for mother & baby med surg: this grant will implement central monitoring systems at baptist memorial hospital for women to allow for continuous surveillance of postpartum patients with moderate to severe-range blood pressures.imaging artificial intelligence: this grant will implement ai for diagnostic imaging read by baptist radiologists to improve read time for radiologists and increased detection of findings that require patient follow-up. Officer grantsbaptist memorial health care foundation, inc.'s officer grant program allows officers and board members of baptist memorial health care foundation, inc. To facilitate smaller grant requests ($100,000 and less) with a health-related focus. Some of the initiatives and organizations assisted through these grant programs include: support for community outreach projects to include expansion of free grief services at milla's house and the grief center in collierville, Tennessee, room and board costs for indigent patients at the hospice house, cancer patient assistance events in memphis, meridian, oxford and jonesboro; cancer survivor events in memphis and southaven; and scholarships for students attending baptist health sciences university.donor-restricted fundsbaptist memorial health care foundation, inc. Administers a number of donor-restricted funds which provide benefits to patients of the affiliate hospitals as well as the community at large. Baptist memorial health care foundation, inc. Provides support for both the charity needs of patients and employees through charitable care and employee emergency assistance funds.

Financial Efficiency

• Mission deployment rate: 66.6%; rating input score 67
• Program expense ratio: 89.8%; rating input score 90
• Fundraising efficiency: $35.32 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 31st 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: 43.3%; rating input score 43; 9th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 93.3%; rating input score 93; 44th 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: 70.6%; rating input score 98; 98th percentile among comparable filings
• Total-asset coverage ratio: 41.35; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 92; 92nd percentile among comparable filings
• Officer compensation ratio: 2.6%; rating input score 45; 45th percentile among comparable filings

Growth

• Program expense growth: 4.4% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
• Asset growth: 6.6% per year; rating input score 100; 49th percentile among comparable filings