BayCare Health System Inc

EIN: 592796965 501(c)(3) Health Care

Clearwater, FL

Total Revenue
$1,016,136,880
Total Expenses
$736,877,354
Total Assets
$8,514,386,918
Net Assets
$1,623,885,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
FL
Phone
7275191200
Tax Period
2023-01-01 to 2023-12-31

BayCare Health System Inc, founded in 1987, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279.3M, a strong 27% operating margin.

Mission

BAYCARE HEALTH SYSTEM, INC. (BCHS) WILL IMPROVE THE HEALTH OF ALL WE SERVE THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE. BCHS 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: $686,221,669 Revenue: $742,543,408

BayCare Health System, headquartered in Clearwater, Florida, is the leading, not-for-profit health care system that connects individuals and families to a wide range of services at 16 hospitals and...

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BayCare Health System, headquartered in Clearwater, Florida, is the leading, not-for-profit health care system that connects individuals and families to a wide range of services at 16 hospitals and hundreds of other convenient locations throughout the Tampa Bay and West Central Florida regions. Inpatient and outpatient services include acute care, primary care, imaging, laboratory, surgery centers, wellness centers, behavioral health, home care and urgent care. BayCare's 2023 Report to the Community can be viewed at BayCare.org/Annual-Report. Continued on Schedule O

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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 (2023)

Revenue Breakdown

Contributions & Grants $550,954
Program Service Revenue $668,758,136
Investment Income $265,023,159
Other Revenue $81,804,631
TOTAL REVENUE $1,016,136,880

Expense Breakdown

Grants Paid $1,352,382
Salaries & Benefits $435,418,967
Fundraising Expenses $0
Program Expenses $686,221,669
Other Expenses $300,106,005
TOTAL EXPENSES $736,877,354

Year-over-Year Comparison

2023 2022 Change
Revenue $1,016,136,880 $809,989,109 +0.3%
Expenses $736,877,354 $671,167,632 +0.1%
Net Income $279,259,526 $138,821,477 +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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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
18
Independent Members
17
Employees
8128
Volunteers
18

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
7
$7,044,770
Total Directors
21
$2,709,242
Key Employees
2
$2,087,679
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE/SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE/CHAIR 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE/VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO BAYCARE 45.0
Officer Director
$2,576,114 $133,128 $2,709,242
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 (eff March 2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE (until June 2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (until March 2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE (eff June 2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (until Nov 2023) 1.0
Director
$0 $0 $0
N/A TRUSTEE/PAST CHAIR 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 EVP, CFO BAYCARE 45.0
Officer
$1,971,629 $69,111 $2,040,740
N/A Co-Chief Operating Officer 1.0
Officer
$0 $93,501 $1,139,697
N/A CO-CHIEF OPERATING OFFICER 1.0
Officer
$0 $105,465 $1,155,091
N/A CHIEF ADMINISTRATIVE OFFICER 45.0
Key Emp
$1,525,502 $66,330 $1,591,832
N/A SVP INFORMATION SERVICES 45.0
Key Emp
$472,072 $23,775 $495,847
N/A PRESIDENT & CMO OF BAYCARE MEDICAL GROUP (until April 2023) 1.0
Highest
$1,738,596 $151,323 $1,889,919
N/A CHIEF LEGAL OFFICER 45.0
Highest
$879,140 $116,195 $995,335
N/A CHIEF TEAM RESOURCES OFFicer 45.0
Highest
$1,504,040 $90,500 $1,594,540
N/A CHIEF NURSE EXECUTIVE 45.0
Highest
$844,566 $97,660 $942,226
N/A CHIEF PHYSICIAN EXECUTIVE 45.0
Highest
$873,645 $87,448 $961,093
N/A FORMER KEY EMPLOYEE 45.0
$429,912 $78,794 $508,706
N/A FORMER PRESIDENT & CEO BAYCARE 0.0
$2,106,804 $81,863 $2,188,667
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 $1,016,136,880 $736,877,354 $8,514,386,918 $279,259,526
2022 $809,989,109 $671,167,632 $7,895,171,196 $138,821,477
2021 $1,143,303,420 $649,817,463 $8,728,312,613 $493,485,957
2020 $799,519,554 $601,976,441 $7,843,380,754 $197,543,113
2019 $818,608,318 $590,237,264 $6,226,593,311 $228,371,054
2018 $706,339,259 $544,787,339 $5,078,766,568 $161,551,920
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