Baptist Physicians Southeast Inc

Nonprofit profile at a glance

EIN
260766344
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Louisville, KY, USA
Phone
5028965011
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)
Affiliation
Christianity

Reported finances

Revenue
$3,735,370
Expenses
$7,375,626
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Larry Gray (President)
  • ISAAC MYERS MD (Vice President)

Highest reported compensation

  • Pramod Reddy (Physician): $1,254,955 total reported compensation
  • Carl Herde (Treasurer): $953,675 total reported compensation
  • Harold Reedy Jr (Physician): $843,399 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Baptist physicians southeast, inc. Is organized and operated to provide healthcare facilities and services including but not limited to physician services, primary care centers, special health clinics, and urgent care centers. It serves as an instrument to assist, advance and strengthen baptist health corbin in its mission and ministry of healing and to support the charitable activities and operations of baptist healthcare system, inc. It also will participate in any activities designed and carried on to promote the general health of the community.

What it reported doing in 2014

Baptist Physicians Southeast, Inc. (BPS) is a multi-specialty physician group organized and operated to benefit the member hospitals of Baptist Healthcare System (Baptist). BPS employs physicians and midlevels at 15 locations in the Corbin, KY area. During the short period ended 12/31/2014, BPS had 63,694 visits within these fifteen locations. BPS is a multi-specialty physician group affiliated with Baptist Health Corbin located in Corbin, Kentucky. Their physicians and staff are dedicated to providing the same quality of care that patients have come to expect, at all of the Baptist owned facilities. Baptist Physicians Southeast physicians are highly skilled and offer "State of the Art" procedures that have never been offered in this area before, such as the da Vinci Surgical System. The da Vinci is a robotic surgical system designed to provide surgeons with enhanced capabilities, including high-definition 3D vision and a magnified view. Baptist Physicians Southeast currently includes Urology, General Surgery, Primary Care, Orthopaedic, Oncology, Radiology, Cardiology, Pulmonology and Gastroenterology practices. We are actively recruiting other specialists to join Baptist Health Corbins BPS for this regions medical needs, bringing "Quality Care Close to Home". BPS Provided the Following Community Benefits: Medicaid Costs in Excess of Reimbursement $967,134 Cost of Bad Debt $232,063 Medicare Costs in Excess of Reimbursement $1,415,951 ---------- Total $2,615,148

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program 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

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 67
  • Accountability: 86
  • Sustainability: 0
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.5%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 65th 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: -97.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 63.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -92.8% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -92.6% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.1M in reported program spending
  • Leadership: top reported pay $1.3M · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 28 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.