BayCare Select Health Plans 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

2015

Legal Domicile

Phone

7275191200

Tax Period

2023-01-01 to 2023-12-31

BayCare Select Health Plans Inc, founded in 2015, is a major nonprofit in the Health Care sector that reported $151.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $176.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

To improve the health of all we serve through community-owned health care that sets the standard for high-quality, compassionate care at affordable prices to all members in the communities we serve.

Program Service Accomplishments

Program 1

Expenses: $159,688,311 Revenue: $149,749,449

Medicare Advantage Plans: BayCare Select Health Plans offers members health care services along with additional services including dental, vision, over the counter, and transportation benefits for...

Medicare Advantage Plans: BayCare Select Health Plans offers members health care services along with additional services including dental, vision, over the counter, and transportation benefits for our members. BayCare educates health care professionals in population health to improve the care of our members.

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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 $149,749,449

Investment Income $1,886,146

Other Revenue $0

TOTAL REVENUE $151,635,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,688,311

Other Expenses $176,638,684

TOTAL EXPENSES $176,638,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,635,595	$124,150,563	+0.2%
Expenses	$176,638,684	$142,660,796	+0.2%
Net Income	$-25,003,089	$-18,510,233	+0.4%

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

N/A

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

$3,131,144

Total Directors

$2,709,242

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/CHAIRMAN	1.0	Officer 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 (until May 2023)	1.0	Director	$0	$0	$0
N/A	TRUSTEE/PRESIDENT & CEO BAYCARE	1.0	Director	$0	$133,128	$2,709,242
N/A	TRUSTEE (until Nov 2023)	1.0	Director	$0	$0	$0
N/A	TREASURER/EVP, CFO BAYCARE	1.0	Officer	$0	$69,111	$2,040,740
N/A	PRESIDENT/VP BayCare Health Plans (eff June 2023)	40.0	Officer	$0	$38,442	$328,826
N/A	PRESIDENT (until June 2023)	40.0	Officer	$761,578	$0	$761,578
N/A	Former VP & CMO	0.0		$0	$108,373	$1,261,239

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	$151,635,595	$176,638,684	$56,498,369	$-25,003,089
2022	$124,150,563	$142,660,796	$46,467,439	$-18,510,233
2021	$90,273,183	$137,140,643	$47,758,230	$-46,867,460
2020	$61,662,313	$81,038,424	$27,731,489	$-19,376,111
2019	$35,290,963	$50,949,242	$16,034,114	$-15,658,279