BAYHEALTH MEDICAL CENTER INC

EIN: 510064318 501(c)(3) Health Care

DOVER, DE

Total Revenue
$978,027,537
Total Expenses
$980,864,877
Total Assets
$1,633,864,189
Net Assets
$1,151,679,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
DE
Principal Officer
TERRY M MURPHY
Phone
3027447162
Tax Period
2022-07-01 to 2023-06-30

BAYHEALTH MEDICAL CENTER INC, founded in 1943, is a major nonprofit in the Health Care sector that reported $978.0M in total revenue in fiscal year 2022.

Mission

TO STRENGTHEN THE HEALTH OF OUR COMMUNITY, ONE LIFE AT A TIME.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,591,223
Program Service Revenue $944,452,972
Investment Income $20,474,669
Other Revenue $6,508,673
TOTAL REVENUE $978,027,537

Expense Breakdown

Grants Paid $546,405
Salaries & Benefits $577,430,074
Fundraising Expenses $0
Program Expenses $708,274,163
Other Expenses $402,888,398
TOTAL EXPENSES $980,864,877

Year-over-Year Comparison

2022 2021 Change
Revenue $978,027,537 $960,380,651 +0.0%
Expenses $980,864,877 $867,926,777 +0.1%
Net Income $-2,837,340 $92,453,874 -1.0%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
4999
Volunteers
194

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
4
$4,312,944
Total Directors
10
$5,714,369
Key Employees
5
$2,013,269
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY M MURPHY CHAIR & CEO 38.00
Officer Director
$1,718,450 $70,470 $1,788,920
DEBORAH WATSON VICE CHAIR COO 12/30/2022 40.00
Officer Director
$698,331 $68,102 $766,433
MICHAEL J TRETINA TREASURER & CFO 38.00
Officer Director
$715,184 $80,750 $795,934
GARY SIEGELMAN MD SVP & CMO 40.00
Officer Director
$892,529 $69,128 $961,657
SHARON URBAN INTERIM VC CNO 40.00
Director
$245,087 $45,669 $290,756
MICHAEL ASHTON ADMIN/VP OF OPERATIONS 40.00
Director
$313,838 $60,005 $373,843
ROSEMARY WURSTER SVP OF PATIENT CARE 40.00
Director
$177,940 $15,963 $193,903
MELISA M EDLER MD STAFF PHYSICIAN 40.00
Director
$359,269 $45,294 $404,563
THOMAS P BARNETT MD CONTRACT PHSICIAN-GENERAL SURGERY 17.00
Director
$110,159 $0 $110,159
NEAL BRICKHOUSE MD CONTRACT PHSICIAN-ANESTHESIOLOGIST 2.00
Director
$28,201 $0 $28,201
JOHN VAN GORP SVP, PLANNING & BUSINESS D 40.00
Key Emp
$467,340 $80,666 $548,006
BRADLEY KIRKES VP ANCILLARY & CLINICAL 07/19/2022 40.00
Key Emp
$231,470 $43,719 $275,189
SHANA ROSS VP OF HR 07/05/2022 40.00
Key Emp
$248,932 $18,900 $267,832
JONATHAN KAUFMANN DO CMIO 40.00
Key Emp
$423,624 $79,500 $503,124
RICHARD MOHNK VP & CIO 40.00
Key Emp
$351,102 $68,016 $419,118
DAWN TARTAGLIONE DO PHYSICIAN 40.00
Highest
$1,189,110 $68,102 $1,257,212
TRINITY PILKINGTON STAFF PHYSICIAN 40.00
Highest
$886,217 $78,000 $964,217
AMIT GOYAL MD STAFF PHYSICIAN 40.00
Highest
$897,496 $55,300 $952,796
PEDRO PEREZ MD STAFF PHYSICIAN 40.00
Highest
$815,797 $62,302 $878,099
GARY W SZYDLOWSKI MD STAFF PHYSICIAN 40.00
Highest
$807,153 $68,102 $875,255
BRENDA BLAIN FORMER SENIOR VP OF PATIENT CARE 40.00
$165,005 $0 $165,005
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $978,027,537 $980,864,877 $1,633,864,189 $-2,837,340
2022 $960,380,651 $867,926,777 $1,606,236,701 $92,453,874
2021 $861,509,299 $776,965,343 $1,592,804,671 $84,543,956
2020 $741,287,947 $696,570,615 $1,383,876,273 $44,717,332
2019 $695,618,160 $636,827,092 $1,271,640,299 $58,791,068
2018 $664,747,441 $583,770,998 $1,214,511,671 $80,976,443
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