BayCare Home Care 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

1999

Legal Domicile

Phone

7273946461

Tax Period

2023-01-01 to 2023-12-31

BayCare Home Care Inc, founded in 1999, is a major nonprofit in the Health Care sector that reported $218.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

BayCare Home Care, Inc. WILL 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, BayCare Home Care 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: $201,897,376 Revenue: $217,709,451

BayCare Home Care, Inc is a multi-service home care provider serving west central Florida that includes service lines including: * Certified and Licensed Home Health agencies that provide skilled and supportive services in the home including skilled nursing, rehabilitation therapies, medical social work, home health aide and other services. These agencies are licensed to serve eligible patients living in 13 counties of west central Florida. * Durable Medical Equipment (DME) / Home Medical Equipment provider that delivers and supports equipment including, but not limited to, home medical equipment wound care devices, delivery of oxygen in the home, home sleep medicine equipment and supplies, seating and mobility devices, orthotic and prosthetic devices and supplies, and various other medical supplies * Home Infusion Pharmacy and Specialty Pharmacy Services including medication, supplies and services. * Service line that provides Respiratory Therapy support and clinical expertise to the region's nursing homes and other post acute programs. The various programs have a consistent record of safety compliance and clinical accomplishment including ongoing accreditation by the Joint Commission on HealthCare Accreditation as a home care multi-service entity, a solid history of state regulatory compliance and average Centers for Medicare & Medicaid Services (CMS) Quality Stars rating of 4.0 across home health. Pharmacy and DME compliance are also stellar with CMS, Agency for Health Care Administration (Florida's state regulatory agency) and the Florida Board of Pharmacy.

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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 $215,224,933

Investment Income $1,133,004

Other Revenue $2,484,518

TOTAL REVENUE $218,842,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,549,068

Fundraising Expenses $0

Program Expenses $201,897,376

Other Expenses $117,145,060

TOTAL EXPENSES $215,694,128

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,842,455	$193,184,680	+0.1%
Expenses	$215,694,128	$193,611,714	+0.1%
Net Income	$3,148,327	$-427,034	-8.4%

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

1464

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

$1,611,210

Total Directors

$3,633,519

Key Employees

$927,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/PRESIDENT/CHIEF AMBULATORY SERVICES OFFICER	1.0	Officer Director	$0	$106,547	$780,710
N/A	TRUSTEE/TREASURER/SECRETARY/VP, CFO BMG, AMB	20.0	Officer Director	$0	$68,614	$830,500
N/A	TRUSTEE/CFO SARASOTA MEMORIAL HOSPITAL	1.0	Director	$0	$0	$0
N/A	TRUSTEE/VP, HOMECARE EXP AND OPERATIONS (until Sept 2023)	45.0	Director	$839,867	$27,351	$867,218
N/A	TRUSTEE/CFO LAKELAND REGIONAL HEALTH SYSTEM	1.0	Director	$0	$0	$0
N/A	TRUSTEE/CHIEF OPERATING OFFICER	1.0	Director	$0	$105,465	$1,155,091
N/A	DIRECTOR, CLINICAL HOME CARE	45.0	Key Emp	$190,261	$30,202	$220,463
N/A	DIRECTOR OPERATIONS HOME CARE	45.0	Key Emp	$229,966	$28,676	$258,642
N/A	DIRECTOR PHARMACY - HOME CARE	45.0	Key Emp	$208,619	$24,803	$233,422
N/A	DIRECTOR CLINICAL HOME CARE	45.0	Key Emp	$178,148	$37,079	$215,227
N/A	DIRECTOR OF PATIENT ACCOUNTS - HOME CARE	45.0	Highest	$212,594	$41,499	$254,093
N/A	INFUSION PHARMACIST	45.0	Highest	$170,254	$24,223	$194,477
N/A	UTILIZATION COORD	45.0	Highest	$167,152	$20,467	$187,619
N/A	DIRECTOR CLINICAL SHARED SERVICES	45.0	Highest	$156,051	$41,334	$197,385
N/A	MANAGER DATA CENTER	45.0	Highest	$183,626	$32,520	$216,146

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	$218,842,455	$215,694,128	$56,839,985	$3,148,327
2022	$193,184,680	$193,611,714	$56,262,898	$-427,034
2021	$191,906,879	$185,694,843	$62,035,077	$6,212,036
2020	$205,252,484	$194,252,895	$69,140,138	$10,999,589
2019	$204,971,014	$195,457,229	$54,730,958	$9,513,785
2018	$205,170,619	$198,086,253	$51,996,559	$7,084,366