Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $866,792

• 1f · All other contributions, gifts and grants

  $154,021

• 2a · Program service revenue: HOSPITAL PATIENT CARE

  total $215,332,922 · related or exempt $215,332,922

• 2b · Program service revenue: MEDICARE/ MEDICAID PMNT

  total $248,370,906 · related or exempt $248,370,906

• 2c · Program service revenue: RENTAL INCOME

  total $22,167 · related or exempt $22,167

• 2f · All other program service revenue

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

• 6a · Gross rents

  real property $402,340

• 6c · Rental income or loss

  real property $402,340 · personal property $0

• 6d · Net rental income or loss

  total $402,340 · excluded $402,340

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: CAFETERIA REVENUE

  total $1,080,262 · excluded $1,080,262

• 11b · Other revenue: OTHER REVENUE

  total $424,141 · related or exempt $376,339 · unrelated business $47,802

• 11d · All other revenue

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

• 11e · Other revenue, total

  $1,504,403

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $794,578 · program services $794,578

• 5 · Compensation of officers, directors and key employees

  total $1,605,431 · program services $257,368 · management and general $1,348,063

• 6 · Compensation of disqualified persons

  total $131,466 · program services $131,466

• 7 · Other salaries and wages

  total $164,136,628 · program services $161,493,448 · management and general $2,643,180

• 8 · Pension plan contributions

  total $5,585,267 · program services $5,495,324 · management and general $89,943

• 9 · Other employee benefits

  total $12,161,749 · program services $11,965,902 · management and general $195,847

• 10 · Payroll taxes

  total $10,511,208 · program services $10,271,287 · management and general $239,921

• 11b · Fees: legal

  total $98,714 · management and general $98,714

• 11c · Fees: accounting

  total $3,800 · management and general $3,800

• 11g · Fees: other

  total $67,389,949 · program services $18,658,845 · management and general $48,731,104 · fundraising $0

• 12 · Advertising and promotion

  total $244,885 · program services $244,885

• 13 · Office expenses

  total $5,406,069 · program services $2,884,146 · management and general $2,521,923

• 14 · Information technology

  total $830,176 · program services $671,922 · management and general $158,254

• 16 · Occupancy

  total $8,789,316 · program services $8,630,044 · management and general $159,272

• 17 · Travel

  total $650,917 · program services $576,173 · management and general $74,744

• 20 · Interest

  total $4,698,078 · program services $4,698,078

• 22 · Depreciation, depletion and amortization

  total $16,201,602 · program services $15,979,247 · management and general $222,355

• 23 · Insurance

  total $3,544,496 · program services $3,544,496

• 24a · Other expenses: MEDICAL SUPPLIES

  total $93,714,011 · program services $93,602,380 · management and general $111,631

• 24b · Other expenses: PHYSICIAN FEES

  total $18,244,928 · program services $18,244,928

• 24c · Other expenses: ASSESSMENTS

  total $5,460,091 · program services $5,460,091

• 24d · Other expenses: BAD DEBT EXPENSE

  total $168,431 · program services $168,431

• 24e · All other expenses

  total $14,823,696 · program services $13,159,574 · management and general $1,664,122 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,196 · end of year $2,129

• 4 · Accounts receivable

  beginning of year $41,838,652 · end of year $50,811,078

• 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 $166,445 · end of year $229,019

• 8 · Inventories for sale or use

  beginning of year $9,741,652 · end of year $9,916,411

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,836,849 · end of year $2,215,574

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

  $495,117,973

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

  $256,311,889

• 10c · Land, buildings and equipment, net

  beginning of year $217,456,884 · end of year $238,806,084

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $23,715,947 · end of year $20,703,333

• 14 · Intangible assets

  beginning of year $4,081,720 · end of year $4,081,720

• 15 · Other assets

  beginning of year $171,551,252 · end of year $129,039,117

• 17 · Accounts payable and accrued expenses

  beginning of year $57,903,183 · end of year $26,967,585

• 19 · Deferred revenue

  beginning of year $241,327 · end of year $292,949

• 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 $1,932,896 · end of year $2,597,458

• 25 · Other liabilities

  beginning of year $14,882,275 · end of year $3,897,291

• 27 · Net assets without donor restrictions

  beginning of year $383,244,392 · end of year $411,561,295

• 28 · Net assets with donor restrictions

  beginning of year $12,187,524 · end of year $10,487,887

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

The filing organization does not use any of the options listed in Schedule J, Part I, Line 3 to establish the compensation of the CEO/Executive Director. However, the related organization, BayCare Health System Inc, uses Compensation committee, Independent compensation consultant, Written employment contract, Compensation survey or study and Approval by the board or compensation committee as a means to establish compensation of the CEO (or COO) of the filing organization.

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

Glenn Waters received a severance payment in the amount of $2,399,968 during 2022.

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. Tommy Inzina - As part of his contract, Mr. Inzina received a 2022 retention payment of $1,300,000 which is included in Part II (B)(III) Other Compensation. He also participated in a supplemental nonqualified deferred compensation plan. He had $378,435 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $148,914 in 2022. Glenn Waters - Participated in a supplemental nonqualified deferred compensation plan. He had $195,493 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other Compensation. The plan made cash distribution of $76,927 in 2022. Louis Galdieri - Participated in a supplemental nonqualified deferred compensation plan. He had $91,506 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $36,008 in 2022. Carl Tremonti - Participated in a supplemental nonqualified deferred compensation plan. He had $74,365 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $29,263 in 2022. Ronald Beamon - Participated in a supplemental nonqualified deferred compensation plan. He had $47,476 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. John Haffner - Participated in a supplemental nonqualified deferred compensation plan. He had $47,321 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. Michael Scott Smith - Participated in a supplemental nonqualified deferred compensation plan. He had $72,716 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other Compensation. He had $8,099 of nonvested benefits accrue during 2022. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $28,614 in 2022. Mary Mcnally - Participated in a supplemental nonqualified deferred compensation plan. She had $27,945 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other Compensation. The plan made cash distribution of $10,997 in 2022.