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Florida · Nonprofit

BAPTIST HEALTH CARE INC

BAPTIST HEALTH CARE INC (Florida) receives grants from 10 organizations whose IRS filings report $45,884,187 to it, the largest being Florida Essential Healthcare Partnerships Foundation Inc ($35,114,410). 8 of them have funded it in more than one year.

Revenue FY2025
$1.1B
Funders on record
10
Grants received
$46M
Net assets
$379M
8/10 repeat funderspeak grant-dependency 3%
01What it does

What Baptist Health Care Inc does

Mission

Helping people throughout life's journey. Baptist health care, inc. Operates two public not-for profit hospitals providing inpatient, long-term, and outpatient services. The hospitals are the nucleus of a regional multi-provider system. All hospital and physician services, education, research, and related services contribute directly or indirectly (see schedule o)

As stated on its FY2025 Form 990.

Programs

  1. General and specialized health care services. Baptist health care, inc. Operates two public not-for-profit hospitals. Its main campus, which opened in september 2023, includes a 402-bed tertiary care hospital and a 90-bed behavioral health unit. As the largest hospital in the baptist health care network, the main campus provides specialized care for oncology, heart and vascular, bariatrics, orthopaedics, neurology, trauma, surgery, diagnostic imaging, rehabilitation, and psychiatric services. Gulf breeze hospital is a 77-bed general hospital providing acute and emergency care. Services include diagnostic imaging, surgery, laboratory and orthopaedic services. All hospital and physician services, education, research, and related activities contribute directly or indirectly to medical diagnosis, treatment, and research, and to the christian ministry of serving the sick or injured, the disabled, the aged, or afflicted. Baptist health care dedicates its efforts to the "healing of humanity's hurt".

    $832,911,731 spent$1,005,546,858 earned by the program
    99% of program spending
  2. Community benefit activities including free health screenings, donations to not-for-profit community organizations, community health education, mentoring/support groups, continuing medical education, and other community outreach services.

    $9,656,164 spentof which $7,630,458 as grants
    1% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $842,567,895.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($556M) Expenses 100 ($522M) Net assets 100 ($304M)2018 Revenue 106 ($591M) Expenses 111 ($580M) Net assets 107 ($324M)2019 Revenue 115 ($637M) Expenses 117 ($611M) Net assets 25 ($75M)2020 Revenue 114 ($636M) Expenses 123 ($641M) Net assets 8 ($24M)2021 Revenue 136 ($758M) Expenses 141 ($736M) Net assets 24 ($72M)2022 Revenue 146 ($809M) Expenses 161 ($840M) Net assets 79 ($240M)2023 Revenue 145 ($805M) Expenses 157 ($820M) Net assets 81 ($245M)2024 Revenue 169 ($940M) Expenses 175 ($914M) Net assets 103 ($313M)2025 Revenue 190 ($1.1B) Expenses 192 ($1.0B) Net assets 125 ($379M)
'17'18'19'20'21'22'23'24'25
Revenue (190)Expenses (192)Net assets (125)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $425M to $1.0B (+141%).

$635M
$667M
$425M
$1.0B
$1.0B
$1.2B
$1.4B
$1.4B
$1.5B
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 0% · 2024 0% · 2025 3%. Grants only. Government contracts and fees sit inside program revenue.

3% of BAPTIST HEALTH CARE INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (1% for the typical peer).

This organization
Typical peer · 2,211 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$34M
’17
$11M
’18
$26M
’19
−$5.1M
’20
$22M
’21
−$31M
’22
−$15M
’23
$26M
’24
$54M
’25
5.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Mark Faulkner

President & CEO

Board chair

Ronald E Jackson

Member/chairman

As listed on its FY2025 Form 990.

2017201820192020202120242025
Listed32293028254844
Joined·+1+3+4+4·+6
No longer listed·4267·10
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 6 funders, grant income rose $6k → $5.4M.

Left out of every figure on this page: $14M from one payer (the payer shares this organization's board, largest Baptist Health Care Foundation Inc). These are real filings, and they are not money BAPTIST HEALTH CARE INC raised.

From the IRS filings of BAPTIST HEALTH CARE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

BAPTIST HEALTH CARE INC leans on a few funders — its largest provides 77% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BAPTIST HEALTH CARE INC.

77%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2017 83% · 2018 100% · 2019 98% · 2020 47% · 2021 95% · 2022 95% · 2023 63% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

43% of BAPTIST HEALTH CARE INC's funders are still giving 3 years after their first grant; 80% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

BAPTIST HEALTH CARE INC draws 77% of its grant income from funders outside Florida, across 6 states in all.

PA
DE
AL
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

BAPTIST HEALTH CARE INC holds deeper cash reserves than three-quarters of the 1,241 health nonprofits its size.

Operating margin5% · above the median
Months of reserve5.6mo · top quartile
Revenue growth (annualized)8% · above the median

this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025

Government funding BAPTIST HEALTH CARE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.2M on record.

State$2.2M
19
20
22
23
24
25
By state
  • FL$2.2M
  • OR$34

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BAPTIST HEALTH CARE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

84% of spending goes to programs.

Program 84%Management 16%Fundraising 0%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 13 related entities

  • Baptist Medical Group LLC · disregarded
  • Baptist Physician Associates LLC · disregarded
  • Baptist Health Care Properties LLC · disregarded
  • Baptist Urgent Care LLC · disregarded
  • Baptist Health Care Aco LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for BAPTIST HEALTH CARE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BAPTIST HEALTH CARE INC?
BAPTIST HEALTH CARE INC (Florida) receives grants from 10 organizations whose IRS filings report $45,884,187 to it, the largest being Florida Essential Healthcare Partnerships Foundation Inc ($35,114,410). 8 of them have funded it in more than one year.
How many funders does BAPTIST HEALTH CARE INC have?
IRS filings report 10 organizations giving $45,884,187 in grants to BAPTIST HEALTH CARE INC, 8 of which have funded it in more than one year.
Who is the largest funder of BAPTIST HEALTH CARE INC?
Florida Essential Healthcare Partnerships Foundation Inc is the largest funder on record, with $35,114,410 in grants. The full list of funders is on this page.
How can an organization like BAPTIST HEALTH CARE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing