Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $27,500

• 1e · Government grants (contributions)

  $38,383

• 1f · All other contributions, gifts and grants

  $551,993

• 2a · Program service revenue: MANAGEMENT FEES

  total $680,427,204 · related or exempt $680,427,204

• 2b · Program service revenue: Patient Services Revenue

  total $61,125,834 · related or exempt $61,125,834

• 2c · Program service revenue: RENTAL INCOME

  total $11,522,338 · related or exempt $11,522,338

• 2d · Program service revenue: PURCHASING PARTNER REVENUE

  total $2,907,941 · related or exempt $2,882,467 · unrelated business $25,474

• 2e · Program service revenue: OTHER

  total $1,364,118 · related or exempt $867,634 · unrelated business $496,484

• 2f · All other program service revenue

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

• 3 · Investment income

  total $212,138,721 · unrelated business -$523,839 · excluded $212,662,560

• 6a · Gross rents

  real property $7,495,240

• 6c · Rental income or loss

  real property $7,495,240 · personal property $0

• 6d · Net rental income or loss

  total $7,495,240 · excluded $7,495,240

• 7a · Gross sales of assets other than inventory

  securities $3,396,038,641 · other assets $2,630

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

  securities $2,841,648,679

• 7c · Gain or loss

  securities $554,389,962 · other assets $2,630

• 7d · Net gain or loss

  total $554,392,592 · excluded $554,392,592

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: CIN REVENUE

  total $41,137,553 · related or exempt $39,936,978 · unrelated business $1,200,575

• 11b · Other revenue: BISC REVENUE

  total $28,243,676 · related or exempt $28,243,676

• 11c · Other revenue: BMG REVENUE

  total $551,701 · related or exempt $551,701

• 11d · All other revenue

  total $3,460,655 · related or exempt $3,189,968 · unrelated business $0 · excluded $270,687

• 11e · Other revenue, total

  $73,393,585

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,143,434 · program services $1,143,434

• 2 · Grants to domestic individuals

  total $818,966 · program services $818,966

• 5 · Compensation of officers, directors and key employees

  total $9,631,017 · management and general $9,631,017

• 6 · Compensation of disqualified persons

  total $733,837 · program services $520,013 · management and general $213,824

• 7 · Other salaries and wages

  total $371,184,788 · program services $371,184,788

• 8 · Pension plan contributions

  total $21,014,060 · program services $21,014,060

• 9 · Other employee benefits

  total $56,198,939 · program services $56,198,939

• 10 · Payroll taxes

  total $25,404,180 · program services $25,175,002 · management and general $229,178

• 11b · Fees: legal

  total $2,372,608 · management and general $2,372,608

• 11c · Fees: accounting

  total $1,353,052 · management and general $1,353,052

• 11d · Fees: lobbying

  total $365,207 · program services $365,207

• 11f · Fees: investment management

  total $12,505,331 · management and general $12,505,331

• 11g · Fees: other

  total $50,443,322 · program services $50,429,632 · management and general $13,690 · fundraising $0

• 12 · Advertising and promotion

  total $19,631,966 · program services $19,631,966

• 13 · Office expenses

  total $9,391,101 · program services $3,075,541 · management and general $6,315,560

• 14 · Information technology

  total $132,905,827 · program services $132,905,827

• 16 · Occupancy

  total $19,127,302 · program services $19,036,940 · management and general $90,362

• 17 · Travel

  total $1,596,602 · program services $540,623 · management and general $1,055,979

• 20 · Interest

  total $15,178,897 · management and general $15,178,897

• 22 · Depreciation, depletion and amortization

  total $35,227,503 · program services $35,227,503

• 23 · Insurance

  total $4,946,876 · program services $3,122,847 · management and general $1,824,029

• 24a · Other expenses: Medical Supplies

  total $10,255,654 · program services $10,255,654

• 24b · Other expenses: Dues & Licenses

  total $7,853,545 · program services $455,887 · management and general $7,397,658

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $7,376,941 · program services $5,546,886 · management and general $1,830,055

• 24d · Other expenses: UBI TAXES

  total $344,257 · program services $344,257

• 24e · All other expenses

  total $18,167,632 · program services $5,467,504 · management and general $12,700,128 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $84,768,898 · end of year $268,584,320

• 3 · Pledges and grants receivable

  beginning of year $115,314 · end of year $88,924

• 4 · Accounts receivable

  beginning of year $5,061,569 · end of year $3,361,198

• 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 $24,217,674 · end of year $22,979,950

• 8 · Inventories for sale or use

  beginning of year $44,342,148 · end of year $43,832,890

• 9 · Prepaid expenses and deferred charges

  beginning of year $40,561,048 · end of year $34,955,027

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

  $1,074,980,035

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

  $598,651,035

• 10c · Land, buildings and equipment, net

  beginning of year $439,957,569 · end of year $476,329,000

• 11 · Investments: publicly traded securities

  beginning of year $2,882,479,668 · end of year $1,904,643,014

• 12 · Investments: other securities

  beginning of year $4,537,881,304 · end of year $3,275,070,649

• 13 · Investments: program-related

  beginning of year $380,283,672 · end of year $9,897,959,177

• 14 · Intangible assets

  beginning of year $8,043,255 · end of year $7,264,295

• 15 · Other assets

  beginning of year $66,674,799 · end of year $89,204,193

• 17 · Accounts payable and accrued expenses

  beginning of year $451,533,912 · end of year $604,773,527

• 18 · Grants payable

  end of year $0

• 19 · Deferred revenue

  beginning of year $4,241,763 · end of year $6,520,026

• 20 · Tax-exempt bond liabilities

  beginning of year $953,702,302 · end of year $2,365,065,929

• 21 · Escrow or custodial account liability

  end of year $0

• 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 $85,621,874 · end of year $93,025,294

• 24 · Unsecured notes and loans payable

  beginning of year $496,548,877 · end of year $496,645,228

• 25 · Other liabilities

  beginning of year $4,898,852,665 · end of year $5,528,839,188

• 27 · Net assets without donor restrictions

  beginning of year $1,623,885,525 · end of year $6,929,403,445

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 29 · Capital stock, trust principal or current funds

  end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  end of year $0

• 31 · Retained earnings, endowment or other funds

  end of year $0

The filer's explanations (Part III)

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

William Walders received a severance payment in the amount of $640,869 during 2024.

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 $502,428 of nonvested benefits accrue in 2024. This amount is included in Part II (C) Retirement and other deferred compensation. Louis Galdieri - Participated in a supplemental nonqualified deferred compensation plan. He had $111,672 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $43,943 in 2024. Kimberly Guy - Participated in a supplemental nonqualified deferred compensation plan. She had $110,168 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $43,351 in 2024. Janice Polo - Participated in a supplemental nonqualified deferred compensation plan. She had $388,693 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $152,951 in 2024. Tim Thompson - Participated in a supplemental nonqualified deferred compensation plan. He had $127,436 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $50,146 in 2024. Kyle Barr - Participated in a supplemental nonqualified deferred compensation plan. She had $115,858 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $45,590 in 2024. Jennifer Touse - Participated in a supplemental nonqualified deferred compensation plan. She had $123,352 of nonvested benefits accrue during 2024. 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 $136,506 of nonvested benefits accrue during 2024. This amount is included in Part II (C) Retirement and other deferred compensation. Edward Rafalski - Participated in a supplemental nonqualified deferred compensation plan. He had $108,988 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. He had $13,058 of nonvested benefits accrue during 2024. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $42,887 in 2024. William Walders - Participated in a supplemental nonqualified deferred compensation plan. He had $67,820 in benefits vest in 2024. This amount is included in Part II (B)(iii) Other compensation. He had $61,587 of nonvested benefits accrue during 2024. This amount is included in Part II (C) Retirement and other deferred compensation. The plan made cash distribution of $67,820 in 2024. Glenn Waters - Received payment from a supplemental nonqualified deferred compensation plan. He had $213,824 of earnings in 2024. This amount is included in Part II (B)(iii) Other compensation. The plan made a final cash distribution of $1,681,041 in 2024.

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 $896,978 · assets $14,694,630

  Directly controlled by BCHS

• BayCare Integrated Service Center LLC

  Procure/Distribution · FL · income $18,965,825 · assets $58,548,079

  Directly controlled by BCHS

• BayCare Properties LLC

  Real Estate · FL · income $9,797,702 · assets $71,516,805

  Directly controlled by BCHS

• BayCare Laboratories LLC

  Health Services · FL · income $0 · assets $6,020,256

  Directly controlled by BCHS

• BayCare Physician Partners LLC

  CIN · FL · income $21,398,899 · assets $325,728

  Directly controlled by BCHS

• BayCare Health Solutions LLC

  Health Services · FL · income $0 · assets $3,734,323

  Directly controlled by BCHS

• BayCare Medical Services LLC

  Health Services · FL · income $1,491,485 · assets $37,296,986

  Directly controlled by BCHS

• BayCare Hospital Support Services LLC

  Admin Support · FL · income $9,042 · assets $17,357,435

  Directly controlled by BCHS

• BayCare Physician Partners ACO LLC

  ACO · FL · income $19,881,509 · assets $0

  Directly controlled by BCHS

• BayCare Urgent Care LLC

  Urgent Care · FL · income $36,060,845 · assets $13,583,133

  Directly controlled by BCHS

• BayCare Outpatient Imaging LLC

  Imaging services · FL · income $24,553,243 · assets $24,056,556

  Directly controlled by BCHS

• BayCare PHSO LLC

  Population Health · FL · income $0 · assets $1,724,435

  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.

• CARILLON SURGERY CENTER

  N/A · Surgery Center · FL

  Directly controlled by SAPOB

• BayCare Purchasing Partners LLC

  Related · Group Purchasing · FL · 3.35% owned · share of income $466,919 · share of assets $742,672 · general or managing partner

  Directly controlled by BCHS

• BayCare Surgery Center LLC

  Related · Surgery Center · FL · 51% owned · share of income $646,005 · share of assets $4,973,654 · general or managing partner

  Directly controlled by BCHS

• Tampa Minimally Invasive Spine Surgery Center LLC

  Related · Surgery Center · FL · 57.88% owned · share of income $405,679 · share of assets $624,017 · general or managing partner

  Directly controlled by BCHS

Related corporations and trusts

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

• Bay Linen Inc

  C Corporation · Laundry Services · FL · controlled entity

  Directly controlled by BCHS

• BCHS Insurance Ltd

  C Corporation · Insurance Captive · CJ · 100% owned · share of income $77,624,031 · share of assets $410,697,602 · controlled entity

  Directly controlled by BCHS

• GLOBAL HEALTH CARE INC

  C Corporation · HEALTH SERVICES · FL · controlled entity

  Directly controlled by MPHV

• HEALTHPOINT MEDICAL GROUP INC

  C Corporation · Holding Company · FL · controlled entity

  Directly controlled by SJHCC

• Medspecialists Inc

  C Corporation · Payroll Services · FL · 100% owned · share of assets $0 · controlled entity

  Directly controlled by BCHS

• MFP INC

  C Corporation · COLLECTIONS · FL · controlled entity

  Directly controlled by MPHV

• MORTON PLANT HEALTH VENTURES INC

  C Corporation · HEALTH SERVICES · FL · controlled entity

  Directly controlled by MPMHC