Civic Intelligence

Gastrointestinal Specialists

EIN 35-2461541 • 501(c)3 • Memphis, TN

Profile

Gastrointestinal specialists foundation, inc. Is a comprehensive gastrointestinal medical practice and our mission is to provide exceptional, unparalleled quality care.

80 Humphreys CenterMemphis, TN 38120

www.memphisgastrodocs.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

13.43x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

3.06x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

6th percentile

-50%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

3.9%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

49th percentile

6.4%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,175,705

Up $726,900 (+50%) from 2023

Liabilities

Up

$29,222,067

Up $5,468,699 (+23%) from 2023

Net Assets

Down

-$27,046,362

Down $4,741,799 (-21%) from 2023

Revenue

Up

$9,554,892

Up $1,726,491 (+22%) from 2023

Expenses

Up

$14,296,691

Up $2,774,008 (+24%) from 2023

Net Income

Down

-$4,741,799

Down $1,047,517 (-28%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20M-$40MAssets 2014: $2,671,552Liabilities 2014: $4,554,213Net Assets 2014: -$1,882,6612014Assets 2015: $3,439,084Liabilities 2015: $6,501,920Net Assets 2015: -$3,062,8362015Assets 2016: $2,553,601Liabilities 2016: $6,710,147Net Assets 2016: -$4,156,5462016Assets 2017: $1,039,697Liabilities 2017: $6,996,845Net Assets 2017: -$5,957,1482017Assets 2018: $915,115Liabilities 2018: $9,502,669Net Assets 2018: -$8,587,5542018Assets 2019: $1,314,540Liabilities 2019: $11,902,101Net Assets 2019: -$10,587,5612019Assets 2020: $2,654,388Liabilities 2020: $16,453,265Net Assets 2020: -$13,798,8772020Assets 2021: $2,648,333Liabilities 2021: $18,322,586Net Assets 2021: -$15,674,2532021Assets 2022: $2,013,583Liabilities 2022: $20,623,864Net Assets 2022: -$18,610,2812022Assets 2023: $1,448,805Liabilities 2023: $23,753,368Net Assets 2023: -$22,304,5632023Assets 2024: $2,175,705Liabilities 2024: $29,222,067Net Assets 2024: -$27,046,3622024

Highlighted filing

2024

Assets$2,175,705
Liabilities$29,222,067
Net Assets-$27,046,362

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $8,305,036Expenses 2014: $11,666,141Net Income 2014: -$3,361,1052014Revenue 2015: $9,118,061Expenses 2015: $10,298,236Net Income 2015: -$1,180,1752015Revenue 2016: $7,746,592Expenses 2016: $8,840,302Net Income 2016: -$1,093,7102016Revenue 2017: $7,740,990Expenses 2017: $9,541,592Net Income 2017: -$1,800,6022017Revenue 2018: $7,904,336Expenses 2018: $10,534,742Net Income 2018: -$2,630,4062018Revenue 2019: $9,034,381Expenses 2019: $11,034,388Net Income 2019: -$2,000,0072019Revenue 2020: $8,214,856Expenses 2020: $11,426,172Net Income 2020: -$3,211,3162020Revenue 2021: $9,945,071Expenses 2021: $11,820,447Net Income 2021: -$1,875,3762021Revenue 2022: $8,433,781Expenses 2022: $11,369,809Net Income 2022: -$2,936,0282022Revenue 2023: $7,828,401Expenses 2023: $11,522,683Net Income 2023: -$3,694,2822023Revenue 2024: $9,554,892Expenses 2024: $14,296,691Net Income 2024: -$4,741,7992024

Highlighted filing

2024

Revenue$9,554,892
Expenses$14,296,691
Net Income-$4,741,799

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 12, 2025
Return Version
2023v6.0
Gross Receipts
$9,554,892
Mission and Program Overview

Mission

Gastrointestinal specialists foundation, inc. Is a comprehensive gastrointestinal medical practice and our mission is to provide exceptional, unparalleled quality care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$591,396$955,188▲ $363,792
Land, Buildings, and Equipment, Net$390,430$289,718▼ $100,712
Other Notes and Loans Receivable, Net$94,966$83,689▼ $11,277
Prepaid Expenses and Deferred Charges$25,284$42,829▲ $17,545
Cash and Non-Interest-Bearing Accounts$606$345▼ $261
Total Assets$1,448,805$2,175,705▲ $726,900
Other Assets Total$346,123$803,936▲ $457,813
Liabilities
Other Liabilities$22,390,345$27,373,651▲ $4,983,306
Accounts Payable and Accrued Expenses$1,363,023$1,848,416▲ $485,393
Total Liabilities$23,753,368$29,222,067▲ $5,468,699
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-22,304,563$-27,046,362▼ $4,741,799
Total Net Assets Fund Balance$-22,304,563$-27,046,362▼ $4,741,799
Total Liabilities and Net Assets / Fund Balance$1,448,805$2,175,705▲ $726,900

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$263,905$979,558$1,243,463
Leasehold Improvements$25,813$194,914$220,727
Other Assets Org$21,931--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Fields MdVice President/director/physicianFT$1,359,209$152,647$1,511,856
Paul S Bierman MdPresident/director/physicianFT$1,200,517$156,804$1,357,321
Edward S Friedman MdPhysician/directorFT$986,839$133,762$1,120,601
Randelon Smith MdPhysicianFT$918,822$144,033$1,062,855
Gaurav Kistangari MdPhysicianFT$887,494$62,094$949,588
Abdullah Al-rashdan MdPhysicianFT$281,918$65,118$347,036
Michael W SimsCrnaFT$210,710$63,735$274,445
Joseph FeltmanCrnaFT$216,828$46,351$263,179

Board Members and Trustees

NameTitle
Mark E Swanson MdCEO/director
Gary C AndersonDirector
Justin RhodesDirector (as of 09/24)
Andrew D JeterCFO
Gregory M DuckettSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Andre ThompsonPhysician Services64 MONTEREY OAKS COVE, Eads, TN 38028$391,719
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,554,892
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,741,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,896,540
Other Expenses$2,400,151
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,917,452$657,495-$6,574,947
Current Officers, Directors, Trustees, and Key Employees$3,720,316$413,368-$4,133,684
Fees for Services Other$893,786$99,310-$993,096
Payroll Taxes$555,078$61,676-$616,754
Occupancy$377,170$41,908-$419,078
Other Employee Benefits$354,775$39,419-$394,194
Pension Plan Contributions$159,265$17,696-$176,961
Depreciation Depletion$106,511$11,835-$118,346
Office Expenses$66,341$7,371-$73,712
Insurance$60,610$6,734-$67,344
Conferences and Meetings$12,412$18,616-$31,028
All Other Expenses$8,914$6,161-$15,075
Other Expenses$9,053$1,006-$10,059
Advertising$20$2-$22
Total Functional Expenses$12,854,583$1,442,108$0$14,296,691
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$26,581,610
Right-of-use Liability - Long-term$547,031
Right-of-use Liability - Current$245,010
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

The following individuals have a business relationship because they are board members or shared officers of a taxable entity within baptist memorial health care corporation: gregory m. Duckett mark e. Swanson, md gary c. Anderson justin rhodes

Form 990, Part VI, Section A, Line 3

Baptist memorial health care corporation, as sole member of baptist memorial medical group, inc., the sole member of gastrointestinal specialists foundation, inc., provides certain legal, finance, quality, and personnel services pursuant to a shared services agreement.

Form 990, Part VI, Section A, Line 6

Gastrointestinal specialists foundation, inc. Is a non-profit, non-stock corporation whose sole member is baptist memorial medical group, inc. Baptist memorial health care corporation is the sole member of baptist memorial medical group, inc.

Form 990, Part VI, Section A, Line 7A

Baptist memorial medical group, inc., as the sole member of gastrointestinal specialists foundation, inc., appoints its board of directors. Baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., approves the actions of baptist memorial medical group, inc. In exercising its appointments.

Form 990, Part VI, Section A, Line 7B

Baptist memorial medical group, inc., as the sole member of gastrointestinal specialists foundation, inc., approves the board of directors' actions. Baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., approves the actions of baptist memorial medical group, inc. In exercising its approval.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by baptist memorial health care corporation's executive vice-president/cfo, the entity's top financial official, and an outside independent accounting and tax firm prior to submitting the form 990 to the irs. The form 990 was not reviewed by the organization's board of directors before submitting it to the irs. Baptist memorial health care corporation, as the sole member of baptist memorial medical group, inc., the sole member of the organization, has a finance, audit and compliance committee that is appointed by its board of directors. The finance, audit and compliance committee will review the form 990 after submitting it to the irs. The committee reports the completion of the review to the corporate board of directors.

Form 990, Part VI, Section B, Line 12C

Baptist memorial health care corporation, as sole member of baptist memorial medical group, inc., the sole member of gastrointestinal specialists foundation, inc., requires that all employees, including officers and key employees, periodically complete a certification and acknowledgement of the baptist memorial health care corporation standards of conduct, which incorporates the conflict of interest policy. Board members disclose and sign a conflict of interest statement each december. In the event that an employee or board member becomes aware of a potential conflict of interest, he/she is required to report it to their chief executive officer before taking any action. If he/she is the chief executive officer, then he/she is to report to the chairman of the board of directors. The signed conflict of interest statements are reviewed by the senior vice president and corporate counsel and are maintained in the baptist memorial health care corporation legal department. If a conflict of interest is found to exist, it will be the responsibility of the chief executive officer, with the involvement of the baptist memorial health care corporation legal department to resolve the issue.

Form 990, Part VI, Section B, Line 15

As sole member of baptist memorial medical group, inc., the sole member of gastrointestinal specialists foundation, inc., baptist memorial health care corporation's human resource department, the governance committee of the board of directors, and an independent compensation consulting firm perform annual reviews each december and approve compensation of the ceo and other top management personnel. They use comparability data and other sources as needed. The ceo and other top management use the same type of information to approve compensation of other officers and key employees. On december 5, 2022, the compensation was reviewed and approved for the calendar year ended december 31, 2023 for the president, the vice presidents, and the ceo/administrator.

Form 990, Part VI, Section C, Line 18

Gastrointestinal specialists foundation, inc. Makes copies of its form 1023 and form 990 available for public inspection to anyone who requests them as required by the internal revenue service.

Form 990, Part VI, Section C, Line 19

Gastrointestinal specialists foundation, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Gregory m. Duckett - 350 n. Humphreys blvd., memphis, tn 38120. Gary c. Anderson - 350 n. Humphreys blvd., memphis, tn 38120. Mark e. Swanson, md - 350 n. Humphreys blvd., memphis, tn 38120. Justin rhodes - 350 n. Humphreys blvd., memphis, tn 38120. Andrew d. Jeter - 350 n. Humphreys blvd., memphis, tn 38120.

Filing and Contact Details

Filer

Filer Name
Gastrointestinal Specialists
EIN
35-2461541
Phone
9012273627
Address
80 HUMPHREYS CENTER, MEMPHIS, TN 38120

Signing Officer

Name
Jason M Little
Title
President
Phone
9012273627
Signed
2025-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul S Bierman Md
Formed
2012
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
0
Employees
57
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204-5108
Preparer
Shawna M Jansons
Phone
3174648600
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 1A:

All forms 1099 are prepared by the accounts payable department of baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., which is the sole member of gastrointestinal specialists foundation, inc. All forms 1099 are issued using the federal tax identification number of baptist memorial health care corporation. Forms 1099 are not processed by entity, but by vendor group. Many vendors perform services for multiple baptist memorial health care corporation entities, so only one 1099 is issued per vendor with the total amount paid for services. This number is reported on baptist memorial health care corporation's form 990, part v, line 1a.

FORM 990, PART V, LINE 2A:

The payroll function is centralized at the corporate payroll department of baptist memorial health care corporation, the sole member of baptist memorial medical group, inc., which is the sole member of gastrointestinal specialists foundation, inc. The corporate payroll department is responsible for all salaries and wages of employees for the entire baptist memorial health care corporation system. Forms w-2 and w-3 are submitted electronically to the internal revenue service using baptist memorial health care corporation's federal tax identification number, according to the guidelines associated with common paymaster. However, the employee information is allocated to its respective facility for financial reporting purposes and they are reported to the state by each facility. Thus, the amount reported on form 990, part v, line 2a reflects the number of employees at this facility who received a w-2. The total number of forms w-2 for all baptist memorial health care corporation entities is reported on the baptist memorial health care corporation w-3.

FORM 990, PART XII, LINE 2C:

Baptist memorial health care corporation, as the sole member of baptist memorial medical group, inc., which is the sole member of gastrointestinal specialists foundation, inc., has an audit committee that chooses the audit firm, oversees and reviews the audit reports, and then follows up on any necessary changes and recommendations. The process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

From the combined audited financial statements of baptist memorial health care corporation and affiliates: as of september 30, 2024, baptist memorial health care corporation (bmhcc) had not identified any uncertain tax positions under fasb asc topic 740, income taxes, requiring adjustments to its combined financial statements. In the event bmhcc were to recognize interest and penalties related to uncertain tax positions, it would be recognized in the combined financial statements as interest expense. Generally, bmhcc is no longer subject to income tax examinations for tax years prior to 2020 (fiscal year ended september 30, 2021).

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IRS990/ActivityOrMissionDesc0GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE.
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IRS990/Form990PartVIISectionAGrp/PersonNm0KENNETH FIELDS MD
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL S BIERMAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY C ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3EDWARD S FRIEDMAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm4MARK E SWANSON MD
IRS990/Form990PartVIISectionAGrp/PersonNm5JUSTIN RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm6GREGORY M DUCKETT
IRS990/Form990PartVIISectionAGrp/PersonNm7ANDREW D JETER
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDELON SMITH MD
IRS990/Form990PartVIISectionAGrp/PersonNm9GAURAV KISTANGARI MD
IRS990/Form990PartVIISectionAGrp/PersonNm10ABDULLAH AL-RASHDAN MD
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL W SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm12JOSEPH FELTMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT/DIRECTOR/PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/DIRECTOR/PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PHYSICIAN/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CEO/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (AS OF 09/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10PHYSICIAN
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IRS990/FormationYr02012
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0GASTROINTESTINAL SPECIALISTS FOUNDATION, INC. IS A COMPREHENSIVE GASTROINTESTINAL MEDICAL PRACTICE AND OUR MISSION IS TO PROVIDE EXCEPTIONAL, UNPARALLELED QUALITY CARE.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET - OPERATING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROCESS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT-OF-USE LIABILITY - CURRENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT-OF-USE LIABILITY - LONG-TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FROM THE COMBINED AUDITED FINANCIAL STATEMENTS OF BAPTIST MEMORIAL HEALTH CARE CORPORATION AND AFFILIATES: AS OF SEPTEMBER 30, 2024, BAPTIST MEMORIAL HEALTH CARE CORPORATION (BMHCC) HAD NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS UNDER FASB ASC TOPIC 740, INCOME TAXES, REQUIRING ADJUSTMENTS TO ITS COMBINED FINANCIAL STATEMENTS. IN THE EVENT BMHCC WERE TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IT WOULD BE RECOGNIZED IN THE COMBINED FINANCIAL STATEMENTS AS INTEREST EXPENSE. GENERALLY, BMHCC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR TAX YEARS PRIOR TO 2020 (FISCAL YEAR ENDED SEPTEMBER 30, 2021).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt120
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount716766
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount90
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt90
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt100

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