Nonprofit · EIN 61-0444707
BAPTIST HEALTHCARE SYSTEM INC
Tax-exempt · LOUISVILLE, KY 40299
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $4,712,737,148 | $4,334,230,622 | $378,506,526 | $5,793,527,260 | $2,361,325,790 | $3,432,201,470 |
| August 31, 2024 | 990 | $4,336,531,405 | $3,883,349,938 | $453,181,467 | $5,185,344,282 | $2,194,314,344 | $2,991,029,938 |
| August 31, 2023 | 990 | $3,692,771,906 | $3,533,165,433 | $159,606,473 | $4,563,630,785 | $2,160,193,349 | $2,403,437,436 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $28,116,945
- of which government grants
- $9,126,333
- Program service revenue
- $4,540,300,124
- Investment income
- $110,306,381
- Net gain from sales of assets
- $55,056,888
- Other revenue
- $34,013,698
Expenses
- Grants and similar amounts paid
- $244,409,166
- Compensation of officers, directors and key employees
- $8,403,907
- Other salaries and wages
- $1,345,873,071
- Salaries, compensation and benefits (total)
- $1,690,063,770
- Professional fundraising fees
- $0
- Legal fees
- $2,999,009
- Accounting fees
- $680,573
- Occupancy
- $52,630,135
- Travel
- $4,199,073
- Depreciation
- $188,829,606
- Program services (functional)
- $3,900,613,788
- Management and general (functional)
- $433,616,834
Balance sheet and other
- Total assets, start of year
- $5,185,344,282
- Total assets, end of year
- $5,793,527,260
- Total liabilities, end of year
- $2,361,325,790
- Net assets, end of year
- $3,432,201,470
- Land, buildings and equipment
- $2,053,162,724
- Publicly traded securities
- $1,229,439,418
- Net assets without donor restrictions
- $3,398,544,202
- Net assets with donor restrictions
- $33,657,268
- Gross unrelated business income
- $4,937,931
- Gross receipts
- $4,712,737,148
- Employees
- 21,376
- Volunteers
- 780
- Year formed
- 1918
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gerard J Colman PhD | System President, CEO & Dir Trustee or director, Officer | 40 | $5,671,807 | $166,937 |
| Patrick Falvey | System Chief Operating Officer Highest-paid employee | 40 | $1,989,604 | $184,266 |
| Richard F Carrico | CFO, Treasurer, VP Officer | 40 | $1,615,014 | $51,104 |
| Isaac Myers MD | Chief Health Integration Officer Highest-paid employee | 20 | $1,320,485 | $41,940 |
| Janet Norton | Chief Legal Officer, VP, Secretary Officer | 40 | $1,211,941 | $40,610 |
| Angela Mannino | Chief HR, Marketing & Comm Officer Highest-paid employee | 40 | $1,075,707 | $73,428 |
| Christopher Roty | Hospital President Highest-paid employee | 40 | $949,823 | $48,056 |
| Tricia Julian | Chief Information Officer Highest-paid employee | 40 | $882,913 | $34,348 |
| Alan Redditt | Director Trustee or director | 1 | $3,000 | $0 |
| Bonnie Stith | Director Trustee or director | 1 | $3,000 | $0 |
| Cory Hicks | Director Trustee or director | 1 | $3,000 | $0 |
| Dwain Morris | Director Trustee or director | 1 | $3,000 | $0 |
| Jennifer Thomas | Director Trustee or director | 1 | $3,000 | $0 |
| Kerry M Stemler | Director Trustee or director | 1 | $3,000 | $0 |
| Lewis Diaz | Director Trustee or director | 1 | $3,000 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda J Thomas PhD | Director Trustee or director | 1 | $3,000 |
| Robert L Hook Jr | Director (Through 12/1/24) Trustee or director | 1 | $3,000 |
| Tammy Zimmerman | Director Trustee or director | 1 | $3,000 |
| William B Shircliff | Director Trustee or director | 1 | $3,000 |
| William Jeffrey Fultz | Director Trustee or director | 1 | $3,000 |
| Jonathan Westbrook | Director (Effective 1/1/25) Trustee or director | 1 | $0 |
| Kirsten Hawley | Director (Effective 1/1/25) Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gerard J Colman PhD | CEO & Director Trustee or director, Officer | 40 | $3,115,807 | $402,104 |
| Patrick Falvey | System Chief Operating Officer Highest-paid employee | 40 | $1,589,511 | $220,117 |
| Isaac Myers MD | Chief Health Integration Officer Highest-paid employee | 20 | $1,166,884 | $39,786 |
| Janet Norton | Secretary, VP, Chief Legal Officer Officer | 40 | $1,070,881 | $38,654 |
| Joseph Prather | Chief Strategy Officer(Through 5/24) Highest-paid employee | 40 | $945,828 | $156,005 |
| Angela Mannino | Chief HR, Marketing & Comm Officer Highest-paid employee | 40 | $892,090 | $73,466 |
| Richard F Carrico | CFO, Treasurer, VP Officer | 40 | $883,091 | $30,778 |
| Christopher Roty | Hospital President Highest-paid employee | 40 | $834,183 | $45,611 |
| Stephen R Oglesby | Former CFO, Treas, VP(Through 1/23) Former | 0 | $336,248 | $7,196 |
| Aaron Thompson PhD | Director (Through 12/31/23) Trustee or director | 1 | $3,000 | $0 |
| Bonnie Stith | Director Trustee or director | 1 | $3,000 | $0 |
| Dwain Morris | Director Trustee or director | 1 | $3,000 | $0 |
| Glenn Leveridge | Director (Through 12/31/23) Trustee or director | 1 | $3,000 | $0 |
| Jennifer Thomas | Director Trustee or director | 1 | $3,000 | $0 |
| Kerry M Stemler | Director Trustee or director | 1 | $3,000 | $0 |
| Lewis Diaz | Director Trustee or director | 1 | $3,000 | $0 |
| Linda J Thomas PhD | Director Trustee or director | 1 | $3,000 | $0 |
| Peter E Locken III MD | Director (Through 10/23/23) Trustee or director | 1 | $3,000 | $0 |
| Rev Dr Terry T Lester | Director (Through 12/31/23) Trustee or director | 1 | $3,000 | $0 |
| Robert L Hook Jr | Director Trustee or director | 1 | $3,000 | $0 |
| Tammy Zimmerman | Director Trustee or director | 1 | $3,000 | $0 |
| Victoria Buster | Director (Through 12/31/23) Trustee or director | 1 | $3,000 | $0 |
| William B Shircliff | Director Trustee or director | 1 | $3,000 | $0 |
| William Jeffrey Fultz | Director Trustee or director | 1 | $3,000 | $0 |
| Alan Redditt | Director (Effective 1/1/24) Trustee or director | 1 | $0 | $0 |
| Cory Hicks | Director (Effective 1/1/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gerard J Colman | CEO & Director Trustee or director, Officer | 40 | $2,928,385 | $376,761 |
| Isaac Myers MD | Chief Health Integration Officer Highest-paid employee | 20 | $1,753,719 | $145,878 |
| Patrick Falvey | System Chief Operating Officer Highest-paid employee | 40 | $1,502,924 | $200,514 |
| Stephen R Oglesby | CFO, Treasurer,VP (Through 1/6/23) Officer | 40 | $1,445,051 | $42,974 |
| Janet Norton | Secretary & Vice President Officer | 40 | $1,039,221 | $43,714 |
| Joseph Prather | Chief Strategy & Marketing Officer Highest-paid employee | 40 | $889,279 | $145,672 |
| Angela Mannino | Chief People & Culture Officer Highest-paid employee | 40 | $836,590 | $127,968 |
| Kenneth Anderson MD | Chief Medical Officer & VP Highest-paid employee | 40 | $817,798 | $36,204 |
| Aaron Thompson PHD | Director Trustee or director | 1 | $3,000 | $0 |
| Rev Dr Terry T Lester | Director Trustee or director | 1 | $3,000 | $0 |
| Dwain Morris | Director Trustee or director | 1 | $3,000 | $0 |
| Glenn Leveridge | Director Trustee or director | 1 | $3,000 | $0 |
| Kerry M Stemler | Director Trustee or director | 1 | $3,000 | $0 |
| Linda J Thomas PHD | Director Trustee or director | 1 | $3,000 | $0 |
| Robert L Hook Jr | Director Trustee or director | 1 | $3,000 | $0 |
| Tammy Zimmerman | Director Trustee or director | 1 | $3,000 | $0 |
| Victoria Buster | Director Trustee or director | 1 | $3,000 | $0 |
| Bonnie Stith | Director Trustee or director | 1 | $3,000 | $0 |
| Jenny Oldham | Director (Through 6/9/23) Trustee or director | 1 | $3,000 | $0 |
| Peter E Locken III MD | Director Trustee or director | 1 | $3,000 | $0 |
| William B Shircliff | Director Trustee or director | 1 | $3,000 | $0 |
| William Jeffrey Fultz | Director Trustee or director | 1 | $3,000 | $0 |
| Lewis Diaz | Director (Effective 1/1/23) Trustee or director | 1 | $3,000 | $0 |
| Jennifer Thomas | Director (Effective 1/1/23) Trustee or director | 1 | $3,000 | $0 |
| Ramsey Nassar MD | Director (Through 12/31/22) Trustee or director | 1 | $0 | $0 |
| Richard F Carrico | CFO, Treasurer,VP (Effective 2/6/23) Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1901 CAMPUS PL, LOUISVILLE, KY 40299-2308
- In care of
- % CARL G HERDE
- Principal officer (990 for 2024)
- Gerard J Colman PhD, 1901 Campus Place, Louisville, KY 402992038
- Signed the 990
- Richard F Carrico, VP, Treasurer, CFO
- Phone
- (502) 896-5000
- Website
- www.baptisthealth.com
- Return prepared by
- Ernst & Young US LLP
Mission
The mission of Baptist Health is to exemplify our Christian heritage of providing quality healthcare services by enhancing the physical & emotional health of the people & communities we serve, guided by integrity, respect, stewardship, excellence, compassion & joy.
Program accomplishments
- See Schedule OExpenses $3,900,613,788 · grants $244,409,166 · revenue $4,553,510,796
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 61-0444707
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1937
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $5,793,527,260
- Income (IRS master file)
- $4,712,737,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $4,712,737,148 | $4,334,230,622 | $5,793,527,260 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $4,336,531,405 | $3,883,349,938 | $5,185,344,282 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $3,692,771,906 | $3,533,165,433 | $4,563,630,785 | XML |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $3,703,027,563 | $3,149,011,341 | $4,254,824,382 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0444707).
Questions about BAPTIST HEALTHCARE SYSTEM INC
- What is the EIN of BAPTIST HEALTHCARE SYSTEM INC?
- The employer identification number (EIN) of BAPTIST HEALTHCARE SYSTEM INC is 61-0444707.
- Is BAPTIST HEALTHCARE SYSTEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1937.
- Are donations to BAPTIST HEALTHCARE SYSTEM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAPTIST HEALTHCARE SYSTEM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BAPTIST HEALTHCARE SYSTEM INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BAPTIST HEALTHCARE SYSTEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of BAPTIST HEALTHCARE SYSTEM INC?
- The 990 for the year ended August 31, 2025 names Gerard J Colman PhD.
- Who are the officers and directors of BAPTIST HEALTHCARE SYSTEM INC?
- The 990 for the year ended August 31, 2025 lists 22 people; 20 received compensation from the organization, the highest $5,671,807 (Gerard J Colman PhD, System President, CEO & Dir).
- How much revenue does BAPTIST HEALTHCARE SYSTEM INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $4,712,737,148, expenses of $4,334,230,622 and total assets of $5,793,527,260 at year end.
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