BayCare Select Health Plans Inc

EIN: 810795815 Health Care

Clearwater, FL

Total Revenue
$151,635,595
Total Expenses
$176,638,684
Total Assets
$56,498,369
Net Assets
$38,156,499
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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
FL
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.

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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 $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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$3,131,144
Total Directors
7
$2,709,242
Key Employees
0
$0
Highest Compensated
0
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
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