Baptist Health
Legal name: Western Baptist Medical Ventures Inc
Nonprofit profile at a glance
- EIN
- 611194899
- IRS 990 coverage
- 2013–2014
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2014
- Location
- Louisville, KY, United States
- Phone
- 502-896-5000
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
- Affiliation
- Christianity
Reported finances
- Revenue
- $6,271,279
- Expenses
- $11,907,962
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Bonnie Schrock (Vice President)
- Isaac Myers MD (Vice President)
- William Brown (President)
Highest reported compensation
- Sanjay Bose (Physician): $1,016,189 total reported compensation
- Thomas Gruber (Physician): $1,004,181 total reported compensation
- Carl Herde (Treasurer): $953,675 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To demonstrate the love of Christ by providing and coordinating care and improving health in our communities. As the largest not-for-profit health system in Kentucky, Baptist Health has made a commitment to the communities we serve to provide care and service that go beyond the expected, to include charitable contributions, educational support, community involvement and local and regional partnerships. A collaboration between Baptist Health Deaconess Madisonville and the University of Louisville offers a family medicine residency program that helps to bring new physicians to rural communities and was recently recognized as the rural program producing the second highest percentage of medical school graduates in rural practice. Financial stability With total annual revenues exceeding $5 billion, Bapti.
What it reported doing in 2014
Western Baptist Medical Ventures, Inc. (WBMV) serves as one of three general partners and contributed one-third of the original capital needed to finance the acquisition and construction of a Magnetic Resonance Imaging (MRI) facility. An MRI is an extremely expensive piece of medical equipment used to diagnose certain diseases. The availability of this technology greatly benefits the citizens of the surrounding counties. WBMV provided MRI services indirectly through participation in a partnership, rather than directly and independently, in order to share the cost of the equity investment and financing that was necessary to acquire and construct the MRI facility, as well as to secure the cooperation and support of the two other entities which joined to form the partnership. Ultimately, as a result of joining with the two other entities to acquire and construct the MRI facility, the overall medical cost of providing this service to the community is substantially lower than it would have been had each of these entities provided these MRI services individually. In 2006, WBMV expanded its purpose to also include other innovative medical technologies, physician services, primary care centers, special health clinics, and urgent care centers. During the short period ended 12/31/2014, there were 35 physicians who provided 45,015 visits at 16 locations. WBMV provided the following community benefits: Cost of charity $231,054 Medicaid Costs in excess of Reimbursement $753,287 Cost of Bad Debt $514,471 Medicare Costs in excess of Reimbursement $2,969,727 ----------- Total $4,468,539
Operating model
- Revenue model
- Earned-program. 97% 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: 89
- Transparency & Controls: 67
- Accountability: 86
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99%; rating input score 99
- 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: -89.9%; 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: 41%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -98.3% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -109.5% 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
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 99% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $11.8M in reported program spending
- Leadership: top reported pay $1M · 13 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.
- 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 2/100.