BayCare Medical Group 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

1992

Legal Domicile

Phone

7275242606

Tax Period

2023-01-01 to 2023-12-31

BayCare Medical Group Inc, founded in 1992, is a major nonprofit in the Health Care sector that reported $559.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

BayCare Medical Group, Inc. WILL IMPROVE THE HEALTH OF ALL WE SERVE, THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE. BayCare Medical Group 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: $519,397,757 Revenue: $559,352,810

Baycare Medical Group (BMG) is Tampa Bay's leading multi-specialty group with 943 providers practicing in 165 locations in 56 Specialties throughout the central Gulf Coast of Florida. BMG is part of the Baycare Health System, the region's largest health care provider which is comprised of a network of outpatient facilities, 16 hospitals, and services such as Imaging, Lab, Behavioral Health and Home Health Care. Connecting patients to a complete range of preventative, Diagnostic and treatment services for any health care need throughout their lifetime is our priority. BMG offers robust administrative support to growing practices in a location that is world-renowned for its sunshine, sports, schools and exceptional quality of life. Many BMG offices have been awarded the highest level of recognition by the National Committee of Quality Assurance as a physician practice connections patient-centered medical home.

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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 $564,190

Program Service Revenue $559,314,700

Investment Income $7,535

Other Revenue $44,244

TOTAL REVENUE $559,930,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,465,860

Fundraising Expenses $0

Program Expenses $519,397,757

Other Expenses $149,968,070

TOTAL EXPENSES $593,433,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$559,930,669	$485,042,935	+0.2%
Expenses	$593,433,930	$520,279,257	+0.1%
Net Income	$-33,503,261	$-35,236,322	0.0%

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

Governance

Voting Members

Independent Members

Employees

2936

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

$2,970,074

Total Directors

$14,954,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee/PRESIDENT & CMO OF BMG (until April 2023)	45.0	Officer Director	$0	$151,323	$1,889,919
N/A	TRUSTEE/PRESIDENT & CMO, BMG (eff Aug 2023, termed Dec 2023)	45.0	Officer Director	$0	$23,196	$249,655
N/A	TRUSTEE/CHAIRMAN	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/PHYSICIAN SPECIALTY	45.0	Director	$1,737,138	$91,162	$1,828,300
N/A	TRUSTEE/PHYSICIAN SPECIALTY	45.0	Director	$1,269,906	$85,679	$1,355,585
N/A	TRUSTEE/VP COO - BMG (until Nov 2023)	45.0	Director	$0	$75,615	$608,570
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE/PHYSICIAN PRIMARY CARE	45.0	Director	$351,476	$56,368	$407,844
N/A	TRUSTEE/PHYSICIAN PRIMARY CARE	45.0	Director	$428,654	$54,778	$483,432
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE/EVP, CFO BAYCARE	1.0	Director	$0	$69,111	$2,040,740
N/A	TRUSTEE/PHYSICIAN SPECIALTY	45.0	Director	$536,196	$63,246	$599,442
N/A	TRUSTEE/ VP Chief Quality Officer BayCare	1.0	Director	$0	$122,677	$793,774
N/A	TRUSTEE/Physician Primary Care	45.0	Director	$325,711	$50,616	$376,327
N/A	TRUSTEE/Physician Primary Care	45.0	Director	$575,822	$75,095	$650,917
N/A	TRUSTEE/CHIEF PHYSICIAN EXECUTIVE BAYCARE	1.0	Director	$0	$87,448	$961,093
N/A	TRUSTEE/PRESIDENT & CEO BAYCARE	1.0	Director	$0	$133,128	$2,709,242
N/A	VP, CFO BMG, AMB	15.0	Officer	$0	$68,614	$830,500
N/A	MEMBER PHYSICIAN-SPECIALTY	45.0	Highest	$2,256,462	$74,194	$2,330,656
N/A	MEMBER PHYSICIAN-SPECIALTY	45.0	Highest	$1,929,750	$61,045	$1,990,795
N/A	MEMBER PHYSICIAN-SPECIALTY	45.0	Highest	$2,150,108	$76,880	$2,226,988
N/A	Member Physician - Specialty	45.0	Highest	$1,677,190	$77,048	$1,754,238
N/A	Member Physician - Specialty	45.0	Highest	$1,700,043	$92,023	$1,792,066

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	$559,930,669	$593,433,930	$128,185,788	$-33,503,261
2022	$485,042,935	$520,279,257	$117,740,652	$-35,236,322
2021	$447,431,386	$474,757,974	$108,083,695	$-27,326,588
2020	$424,005,025	$462,164,989	$91,360,591	$-38,159,964
2019	$395,883,121	$450,602,793	$76,790,988	$-54,719,672
2018	$380,029,067	$435,020,475	$42,270,298	$-54,991,408