BayCare Medical Group Inc

EIN: 593140335 501(c)(3) Health Care

Tampa, FL

Total Revenue
$559,930,669
Total Expenses
$593,433,930
Total Assets
$128,185,788
Net Assets
$-526,962,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
FL
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.

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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 $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

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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
14
Independent Members
3
Employees
2936
Volunteers
3

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
$2,970,074
Total Directors
17
$14,954,840
Key Employees
0
$0
Highest Compensated
5
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
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