Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $30,000

• 1e · Government grants (contributions)

  $54,879

• 1f · All other contributions, gifts and grants

  $466,075

• 2a · Program service revenue: MANAGEMENT FEES

  total $601,203,533 · related or exempt $601,203,533

• 2b · Program service revenue: Patient Services Revenue

  total $51,984,734 · related or exempt $51,984,734

• 2c · Program service revenue: RENTAL INCOME

  total $9,971,580 · related or exempt $9,971,580

• 2d · Program service revenue: PURCHASING PARTNER REVENUE

  total $2,912,635 · related or exempt $2,904,345 · unrelated business $8,290

• 2e · Program service revenue: OTHER

  total $2,685,654 · related or exempt $2,237,925 · unrelated business $447,729

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $229,796,368 · unrelated business $1,038,859 · excluded $228,757,509

• 6a · Gross rents

  real property $5,986,158

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $5,986,158 · personal property $0

• 6d · Net rental income or loss

  total $5,986,158 · excluded $5,986,158

• 7a · Gross sales of assets other than inventory

  securities $1,053,850,644

• 7b · Less cost or other basis and sales expenses

  securities $1,018,585,986 · other assets $37,867

• 7c · Gain or loss

  securities $35,264,658 · other assets -$37,867

• 7d · Net gain or loss

  total $35,226,791 · excluded $35,226,791

• 11a · Other revenue: CIN REVENUE

  total $45,271,822 · related or exempt $43,470,273 · unrelated business $1,801,549

• 11b · Other revenue: BISC REVENUE

  total $25,098,785 · related or exempt $25,098,785

• 11c · Other revenue: BMG REVENUE

  total $957,986 · related or exempt $957,986

• 11d · All other revenue

  total $4,489,880 · related or exempt $4,258,229 · unrelated business $116,366 · excluded $115,285

• 11e · Other revenue, total

  $75,818,473

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,352,382 · program services $1,352,382

• 5 · Compensation of officers, directors and key employees

  total $6,837,661 · management and general $6,837,661

• 6 · Compensation of disqualified persons

  total $499,649 · management and general $499,649

• 7 · Other salaries and wages

  total $336,725,927 · program services $336,725,927

• 8 · Pension plan contributions

  total $19,508,822 · program services $19,508,822

• 9 · Other employee benefits

  total $48,328,535 · program services $48,328,535

• 10 · Payroll taxes

  total $23,518,373 · program services $23,008,967 · management and general $509,406

• 11b · Fees: legal

  total $1,870,077 · management and general $1,870,077

• 11c · Fees: accounting

  total $1,258,602 · management and general $1,258,602

• 11d · Fees: lobbying

  total $367,312 · program services $367,312

• 11f · Fees: investment management

  total $14,440,091 · management and general $14,440,091

• 11g · Fees: other

  total $49,747,270 · program services $44,411,290 · management and general $5,335,980 · fundraising $0

• 12 · Advertising and promotion

  total $17,804,263 · program services $17,804,263

• 13 · Office expenses

  total $6,638,093 · program services $492,007 · management and general $6,146,086

• 14 · Information technology

  total $121,489,870 · program services $121,489,870

• 16 · Occupancy

  total $18,829,571 · program services $18,788,364 · management and general $41,207

• 17 · Travel

  total $1,448,817 · program services $417,906 · management and general $1,030,911

• 22 · Depreciation, depletion and amortization

  total $34,014,307 · program services $34,014,307

• 23 · Insurance

  total $3,469,211 · program services $1,858,184 · management and general $1,611,027

• 24a · Other expenses: Medical Supplies

  total $10,742,103 · program services $10,742,103

• 24b · Other expenses: Dues & Licenses

  total $6,055,622 · program services $363,783 · management and general $5,691,839

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $5,608,221 · program services $4,000,690 · management and general $1,607,531

• 24d · Other expenses: UBI TAXES

  total $191,415 · program services $191,415

• 24e · All other expenses

  total $6,131,160 · program services $2,355,542 · management and general $3,775,618 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $45,112,893 · end of year $84,768,898

• 3 · Pledges and grants receivable

  end of year $115,314

• 4 · Accounts receivable

  beginning of year $4,459,394 · end of year $5,061,569

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $19,294,065 · end of year $24,217,674

• 8 · Inventories for sale or use

  beginning of year $43,179,627 · end of year $44,342,148

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,641,888 · end of year $40,561,048

• 10a · Land, buildings and equipment: cost or other basis

  $1,005,008,006

• 10b · Land, buildings and equipment: accumulated depreciation

  $565,050,437

• 10c · Land, buildings and equipment, net

  beginning of year $570,619,131 · end of year $439,957,569

• 11 · Investments: publicly traded securities

  beginning of year $3,163,294,057 · end of year $2,882,479,668

• 12 · Investments: other securities

  beginning of year $3,598,198,522 · end of year $4,537,881,304

• 13 · Investments: program-related

  beginning of year $346,768,969 · end of year $380,283,672

• 14 · Intangible assets

  beginning of year $1,882,283 · end of year $8,043,255

• 15 · Other assets

  beginning of year $53,720,367 · end of year $66,674,799

• 17 · Accounts payable and accrued expenses

  beginning of year $494,634,184 · end of year $451,533,912

• 19 · Deferred revenue

  beginning of year $4,799,629 · end of year $4,241,763

• 20 · Tax-exempt bond liabilities

  beginning of year $953,767,703 · end of year $953,702,302

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $212,974,295 · end of year $85,621,874

• 24 · Unsecured notes and loans payable

  beginning of year $517,466,225 · end of year $496,548,877

• 25 · Other liabilities

  beginning of year $4,239,106,425 · end of year $4,898,852,665

• 27 · Net assets without donor restrictions

  beginning of year $1,472,422,735 · end of year $1,623,885,525

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

In 2023, Stephanie Conners and William Walders received a housing allowance to support relocation to our service area. The allowance was both taxable and time limited.

Schedule J, Part I, Line 4a Severance or change-of-control payment

Andrew Fink received a severance payment in the amount of $633,173 during 2023.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

BayCare Health System provides two nonqualified deferred compensation plans to executive level employees: Executive Nonqualified Defined Contribution Plan The plan provides for annual credits of a specified percentage of an eligible participant's eligible compensation paid in a plan year and interest credits. Plan participants vest in increasing percentages based on years of service. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Payments made during employment are made for required tax withholding and reduce the participant's account balance. Distribution of the vested account balance occurs upon termination of employment. The plan is frozen for the participants hired after 1.1.2018. Supplemental Executive Retirement Plan The plan provides for annual credits to the participant's company contribution account of a specified percentage of an eligible participant's eligible compensation paid in a plan year and investment income credits. Plan participants vest on January 1 of the fifth Plan Year following the Plan Year for which the contribution was made. Further, a participant shall become fully vested upon the participant's death, total and permanent disability or due to involuntary separation of employment other than for cause, or upon reaching retirement age. Distribution of the vested amounts shall be made no later than the earlier of 90 days following the date the amounts become vested or the March 15th following the Plan Year in which the participant became vested. Amounts accrued, vested and distributed for plan participants are provided below. Stephanie Conners - Participated in a supplemental nonqualified deferred compensation plan. She had $105,513 of nonvested benefits accrue in 2023. This amount is included in Part II (C) Retirement and other deferred compensation. Janice Polo - Participated in a supplemental nonqualified deferred compensation plan. She had $312,946 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $123,144 in 2023. Lisa Johnson - Participated in a supplemental nonqualified deferred compensation plan. She had $80,876 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $31,825 in 2023. Tim Thompson - Participated in a supplemental nonqualified deferred compensation plan. He had $489,237 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $192,515 in 2023. Kyle Barr - Participated in a supplemental nonqualified deferred compensation plan. She had $543,814 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $213,991 in 2023. Jennifer Touse - Participated in a supplemental nonqualified deferred compensation plan. She had $73,184 of nonvested benefits accrue during 2023. This amount is included in Part II (C) Retirement and other deferred compensation. Sowmya Viswanathan - Participated in a supplemental nonqualified deferred compensation plan. She had $33,865 of nonvested benefits accrue during 2023. This amount is included in Part II (C) Retirement and other deferred compensation. Lynnette Clinton - Participated in a supplemental nonqualified deferred compensation plan. She had $25,964 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. She had $34,872 of nonvested benefits accrue during 2023. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $25,964 in 2023. Kimberly Guy - Participated in a supplemental nonqualified deferred compensation plan. She had $98,757 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $38,861 in 2023. Louis Galdieri - Participated in a supplemental nonqualified deferred compensation plan. He had $94,898 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $37,342 in 2023. Andrew Fink - Participated in a supplemental nonqualified deferred compensation plan. He had $565,468 in benefits vest in 2023. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $222,512 in 2023.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BayCare Ambulatory Services LLC

  Health Services · FL · income $962,651 · assets $9,743,108

  Directly controlled by BCHS

• BayCare Integrated Service Center LLC

  Procure/Distribution · FL · income $16,781,243 · assets $59,316,353

  Directly controlled by BCHS

• BayCare Properties LLC

  Real Estate · FL · income $8,235,431 · assets $72,491,057

  Directly controlled by BCHS

• BayCare Laboratories LLC

  Health Services · FL · income $0 · assets $5,387,756

  Directly controlled by BCHS

• BayCare Physician Partners LLC

  CIN · FL · income $22,432,661 · assets $10,262,800

  Directly controlled by BCHS

• BayCare Health Solutions LLC

  Health Services · FL · income $0 · assets $3,558,511

  Directly controlled by BCHS

• BayCare Medical Services LLC

  Health Services · FL · income $1,568,811 · assets $37,663,561

  Directly controlled by BCHS

• BayCare Hospital Support Services LLC

  Admin Support · FL · income -$191 · assets $20,464,775

  Directly controlled by BCHS

• BayCare Physician Partners ACO LLC

  ACO · FL · income $22,839,161 · assets $0

  Directly controlled by BCHS

• BayCare Urgent Care LLC

  Urgent Care · FL · income $32,693,231 · assets $18,444,819

  Directly controlled by BCHS

• BayCare Outpatient Imaging LLC

  Imaging services · FL · income $18,676,904 · assets $17,480,255

  Directly controlled by BCHS

• BayCare PHSO LLC

  Population Health · FL · income $0 · assets $1,892,072

  Directly controlled by BCHS

• BayCare Wellness Services LLC

  wellness · FL · income $0 · assets $0

  Directly controlled by BCHS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• BayCare Purchasing Partners LLC

  Related · Group Purchasing · FL · 1.88% owned · share of income $254,990 · share of assets $497,865 · general or managing partner

  Directly controlled by BCHS

• BayCare Surgery Center LLC

  Related · Surgery Center · FL · 51% owned · share of income $861,052 · share of assets $3,619,911 · general or managing partner

  Directly controlled by BCHS

• Tampa Minimally Invasive Spine Surgery Center LLC

  Related · Surgery · FL · 53.74% owned · share of income $677,719 · share of assets $3,263,556

  Directly controlled by BCHS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BCHS Insurance Ltd

  C Corporation · Insurance Captive · CJ · 100% owned · share of income $75,954,064 · share of assets $381,082,011 · controlled entity

  Directly controlled by BCHS

• Medspecialists Inc

  C Corporation · Payroll Services · FL · 100% owned · share of income $19,967,560 · share of assets $0 · controlled entity

  Directly controlled by BCHS