BAYCARE PASCO 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

2018

Legal Domicile

Phone

8139141000

Tax Period

2023-01-01 to 2023-12-31

BAYCARE PASCO INC, founded in 2018, is a mid-sized nonprofit in the Health Care sector that reported $42.9M in total revenue in fiscal year 2023. Expenses of $64.5M exceeded revenue, resulting in a 50% operating deficit.

Mission

To 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 Hospital Wesley Chapel 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: $56,956,862 Revenue: $42,702,866

BayCare Hospital Wesley Chapel (BHWC) opened its doors in March 2023 and is excited to join the neighborhood as Pasco County's newest, state-of-the-art community hospital. BHWC's 86-bed facility...

BayCare Hospital Wesley Chapel (BHWC) opened its doors in March 2023 and is excited to join the neighborhood as Pasco County's newest, state-of-the-art community hospital. BHWC's 86-bed facility provides comprehensive health care services for patients and their families. At BayCare Hospital Wesley Chapel, patients always receive the very best compassionate care, close to home. Through efforts of the medical assistance program and the hospital's charity care program, BHWC saw a net community benefit expense totaling over $ 8.1 Million. The hospital also provided other community services totaling nearly $ 668,000. Refer to schedule h for additional information.

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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 $42,658,761

Investment Income $0

Other Revenue $252,308

TOTAL REVENUE $42,911,069

Expense Breakdown

Grants Paid $264,911

Salaries & Benefits $26,137,093

Fundraising Expenses $0

Program Expenses $56,956,862

Other Expenses $38,139,269

TOTAL EXPENSES $64,541,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,911,069	N/A	N/A
Expenses	$64,541,273	N/A	N/A
Net Income	$-21,630,204	$0	N/A

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

453

Volunteers

101

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

$1,927,884

Total Directors

$1,265,697

Key Employees

$357,624

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/President/Chief Operating Officer	5.0	Officer Director	$0	$93,501	$1,139,697
N/A	TRUSTEE/CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/VICE CHAIR	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	1.0	Director	$0	$0	$0
N/A	TRUSTEE/PRESIDENT MED STAFF	1.0	Director	$0	$0	$126,000
N/A	TRUSTEE	1.0	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	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	VP, CFO BAYCARE HOSP DIV	1.0	Officer	$0	$113,177	$788,187
N/A	President Wesley Chapel	45.0	Key Emp	$316,597	$41,027	$357,624
N/A	DIRECTOR PATIENT SVCS - WESLEY CHAPEL	45.0	Highest	$163,816	$45,145	$208,961
N/A	PHARMACY CLINICAL COORD	45.0	Highest	$163,518	$32,856	$196,374
N/A	MANAGER PHARMACY	45.0	Highest	$162,980	$38,221	$201,201
N/A	CLINICAL PHARMACIST	45.0	Highest	$142,839	$34,295	$182,863
N/A	DIRECTOR OPERATIONS - WESLEY CHAPEL	45.0	Highest	$156,518	$28,514	$185,032

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	$42,911,069	$64,541,273	$204,985,840	$-21,630,204