Bartow Regional Medical Center Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Phone

8635338111

Tax Period

2023-01-01 to 2023-12-31

Bartow Regional Medical Center Inc, founded in 2015, is a major nonprofit in the Health Care sector that reported $103.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.8M, a strong 15% operating margin.

Mission

To improve the health of all we serve through community-owned health care services that set the standard for high-quality, compassionate care. AS a part of BayCare Health System, Bartow Regional MEdical Center is the best place to work, receive and provide care. We are powered by an extraordinary team that delivers quality, drives innovation and embraces inclusivity.

Program Service Accomplishments

Program 1

Expenses: $74,254,445 Revenue: $102,953,672

Bartow Regional Medical Center, inc. (BRMC) is a full-service 72-bed community hospital which began Operations in 2016. BRMC provided inpatient care to 3,296 patients and treated 40,700 patients in the emergency department during the year. Through efforts of the medical assistance program and the hospital's charity care program, BRMC saw a net community benefit expense totaling Approximately $ 11.2 Million. The hospital also provided other community services totaling nearly $ 1.6 Million. Refer to schedule h for additional information.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $102,782,531

Investment Income $0

Other Revenue $879,316

TOTAL REVENUE $103,661,847

Expense Breakdown

Grants Paid $461,281

Salaries & Benefits $40,476,206

Fundraising Expenses $0

Program Expenses $74,254,445

Other Expenses $46,920,364

TOTAL EXPENSES $87,857,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,661,847	$94,968,523	+0.1%
Expenses	$87,857,851	$80,584,605	+0.1%
Net Income	$15,803,996	$14,383,918	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

553

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,927,884

Total Directors

$4,453,855

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/Chief Operating Officer	5.0	Officer Director	$0	$93,501	$1,139,697
N/A	TRUSTEE/SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE/PRESIDENT SFBH & BRMC	21.0	Director	$0	$66,458	$604,916
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE/PRESIDENT & CEO BAYCARE	1.0	Director	$0	$133,128	$2,709,242
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	VP, CFO BAYCARE HOSP DIV	1.0	Officer	$0	$113,177	$788,187
N/A	CLINICAL NURSE II	45.0	Highest	$156,219	$13,301	$182,893
N/A	MANAGER PHARMACY	45.0	Highest	$185,816	$17,216	$203,032
N/A	DIR OPERATIONS BARTOW REG MED CNTR	45.0	Highest	$186,482	$14,621	$201,103
N/A	CLINICAL NURSE III - ER	45.0	Highest	$188,252	$21,758	$210,010
N/A	DIRECTOR OF PATIENT SERVICES	45.0	Highest	$159,217	$27,087	$186,304
N/A	FORMER VP, CFO BMG, AMB	0.0		$0	$68,614	$830,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$103,661,847	$87,857,851	$144,205,154	$15,803,996
2022	$94,968,523	$80,584,605	$127,369,625	$14,383,918
2021	$88,671,000	$75,353,612	$115,666,136	$13,317,388
2020	$76,626,341	$64,782,996	$103,270,855	$11,843,345
2019	$72,035,236	$61,345,717	$88,057,644	$10,689,519
2018	$78,006,110	$69,444,726	$78,036,844	$8,561,384