Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $30,000

• 1e · Government grants (contributions)

  $27,777

• 1f · All other contributions, gifts and grants

  $613,286

• 2a · Program service revenue: MANAGEMENT FEES

  total $545,633,314 · related or exempt $545,633,314

• 2b · Program service revenue: OUTPATIENT CARE SERVICES

  total $33,319,309 · related or exempt $33,319,309

• 2c · Program service revenue: RENTAL INCOME

  total $9,681,389 · related or exempt $9,681,389

• 2d · Program service revenue: MEDICARE/CAID-OUTPATIENT

  total $7,105,293 · related or exempt $7,105,293

• 2e · Program service revenue: PURCHASING PARTNER REVENUE

  total $1,243,163 · related or exempt $1,232,320 · unrelated business $10,843

• 2f · All other program service revenue

  total $2,934,964 · related or exempt $3,491,521 · unrelated business -$556,557 · excluded $0

• 3 · Investment income

  total $186,844,380 · unrelated business $468,394 · excluded $186,375,986

• 6a · Gross rents

  real property $5,863,218

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $5,863,218 · personal property $0

• 6d · Net rental income or loss

  total $5,863,218 · excluded $5,863,218

• 7a · Gross sales of assets other than inventory

  securities $969,434,175 · other assets $53,167

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

  securities $1,005,088,897 · other assets $8,023

• 7c · Gain or loss

  securities -$35,654,722 · other assets $45,144

• 7d · Net gain or loss

  total -$35,609,578 · excluded -$35,609,578

• 11a · Other revenue: BISC REVENUE

  total $23,560,232 · related or exempt $23,560,232

• 11b · Other revenue: CIN REVENUE

  total $13,656,570 · related or exempt $11,203,397 · unrelated business $2,453,173

• 11c · Other revenue: BMG REVENUE

  total $7,129,222 · related or exempt $7,129,222

• 11d · All other revenue

  total $7,956,570 · related or exempt $7,842,837 · unrelated business $113,733 · excluded $0

• 11e · Other revenue, total

  $52,302,594

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,957,509 · program services $1,957,509

• 5 · Compensation of officers, directors and key employees

  total $13,072,922 · management and general $13,072,922

• 6 · Compensation of disqualified persons

  total $380,773 · management and general $380,773

• 7 · Other salaries and wages

  total $302,805,445 · program services $302,805,445

• 8 · Pension plan contributions

  total $16,219,786 · program services $16,219,786

• 9 · Other employee benefits

  total $42,592,031 · program services $42,592,031

• 10 · Payroll taxes

  total $20,845,033 · program services $20,182,591 · management and general $662,442

• 11b · Fees: legal

  total $1,443,502 · management and general $1,443,502

• 11c · Fees: accounting

  total $1,130,984 · management and general $1,130,984

• 11d · Fees: lobbying

  total $296,117 · program services $296,117

• 11f · Fees: investment management

  total $15,187,840 · management and general $15,187,840

• 11g · Fees: other

  total $32,345,467 · program services $25,698,313 · management and general $6,647,154 · fundraising $0

• 12 · Advertising and promotion

  total $13,151,746 · program services $13,150,873 · management and general $873

• 13 · Office expenses

  total $26,030,032 · management and general $26,030,032

• 14 · Information technology

  total $107,923,819 · program services $107,835,052 · management and general $88,767

• 16 · Occupancy

  total $16,594,928 · program services $16,231,034 · management and general $363,894

• 17 · Travel

  total $1,824,067 · program services $1,989 · management and general $1,822,078

• 20 · Interest

  total $288,233 · program services $288,233

• 22 · Depreciation, depletion and amortization

  total $37,515,554 · program services $37,301,801 · management and general $213,753

• 23 · Insurance

  total $1,790,902 · management and general $1,790,902

• 24a · Other expenses: MEDICAL SUPPLIES

  total $1,675,824 · program services $1,675,824

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $3,436,818 · program services $3,436,093 · management and general $725

• 24c · Other expenses: EXCISE TAX

  total $1,419,123 · program services $1,419,123

• 24d · Other expenses: UBI TAXES

  total $103,723 · program services $103,723

• 24e · All other expenses

  total $11,135,454 · program services $10,789,822 · management and general $345,632 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $44,508,226 · end of year $45,112,893

• 2 · Savings and temporary cash investments

  beginning of year $0

• 3 · Pledges and grants receivable

  beginning of year $0

• 4 · Accounts receivable

  beginning of year $2,939,749 · end of year $4,459,394

• 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 $21,944,315 · end of year $19,294,065

• 8 · Inventories for sale or use

  beginning of year $46,668,921 · end of year $43,179,627

• 9 · Prepaid expenses and deferred charges

  beginning of year $40,946,819 · end of year $48,641,888

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

  $1,103,733,469

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

  $533,114,338

• 10c · Land, buildings and equipment, net

  beginning of year $494,020,144 · end of year $570,619,131

• 11 · Investments: publicly traded securities

  beginning of year $3,510,416,751 · end of year $3,163,294,057

• 12 · Investments: other securities

  beginning of year $4,186,659,893 · end of year $3,598,198,522

• 13 · Investments: program-related

  beginning of year $321,147,233 · end of year $346,768,969

• 14 · Intangible assets

  beginning of year $2,101,539 · end of year $1,882,283

• 15 · Other assets

  beginning of year $56,959,023 · end of year $53,720,367

• 17 · Accounts payable and accrued expenses

  beginning of year $460,364,966 · end of year $494,634,184

• 18 · Grants payable

  beginning of year $0

• 19 · Deferred revenue

  beginning of year $3,779,248 · end of year $4,799,629

• 20 · Tax-exempt bond liabilities

  beginning of year $958,689,255 · end of year $953,767,703

• 21 · Escrow or custodial account liability

  beginning 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 $95,584,424 · end of year $212,974,295

• 24 · Unsecured notes and loans payable

  beginning of year $542,833,380 · end of year $517,466,225

• 25 · Other liabilities

  beginning of year $5,393,256,694 · end of year $4,239,106,425

• 27 · Net assets without donor restrictions

  beginning of year $1,273,804,646 · end of year $1,472,422,735

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $0

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

  beginning of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions

In 2022, there was an instance of reimbursement for companion air travel for the incoming CEO that was taxable.

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

In 2022 there was a housing allowance for the incoming CEO that was both taxable and time limited.

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. Janice Polo - Participated in a supplemental nonqualified deferred compensation plan. She had $263,296 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $103,607 in 2022. Lisa Johnson - Participated in a supplemental nonqualified deferred compensation plan. She had $80,290 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $31,594 in 2022. Tim Thompson - Participated in a supplemental nonqualified deferred compensation plan. He had $202,478 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. The plan made cash distribution of $79,675 in 2022. Andrew Fink - Participated in a supplemental nonqualified deferred compensation plan. He had $66,340 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other Compensation. He had $61,599 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 $26,105 in 2022. Kyle Barr - Participated in a supplemental nonqualified deferred compensation plan. She had $106,148 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. She had $19,541 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 $41,769 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. Lynnette Clinton - Participated in a supplemental nonqualified deferred compensation plan. She had $33,655 of nonvested benefits accrue during 2022. 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 $59,501 in benefits vest in 2022. This amount is included in Part II (B)(iii) Other compensation. He had $40,420 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 $23,414 in 2022.

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 $1,149,549 · assets $10,585,398

  Directly controlled by BCHS

• BayCare Integrated Service Center LLC

  Procure/Distribution · FL · income $16,402,900 · assets $90,533,715

  Directly controlled by BCHS

• BayCare Properties LLC

  Real Estate · FL · income $8,363,561 · assets $73,382,572

  Directly controlled by BCHS

• BayCare Laboratories LLC

  Health Services · FL · income $0 · assets $5,800,337

  Directly controlled by BCHS

• BayCare Physician Partners LLC

  CIN · FL · income $12,709,992 · assets $13,730,742

  Directly controlled by BCHS

• BayCare Health Solutions LLC

  Health Services · FL · income $0 · assets $3,222,509

  Directly controlled by BCHS

• BayCare Medical Services LLC

  Health Services · FL · income $8,668,876 · assets $48,191,325

  Directly controlled by BCHS

• BayCare Hospital Support Services LLC

  Admin Support · FL · income -$158 · assets $205,197,467

  Directly controlled by BCHS

• BayCare Physician Partners ACO LLC

  ACO · FL · income $17,186 · assets $2,053,829

  Directly controlled by BCHS

• BayCare Urgent Care LLC

  Urgent Care · FL · income $27,279,127 · assets $20,216,544

  Directly controlled by BCHS

• BayCare Outpatient Imaging LLC

  Imaging services · FL · income $12,344,053 · assets $11,935,844

  Directly controlled by BCHS

• BayCare PHSO LLC

  Population Health · FL · income $0 · assets $2,664,271

  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 · 2.2% owned · share of income $331,209 · share of assets $563,842 · general or managing partner

  Directly controlled by BCHS

• BayCare Surgery Center LLC

  Related · Surgery Center · FL · 51% owned · share of income $865,850 · share of assets $1,933,109 · general or managing partner

  Directly controlled by BCHS

• Tampa Minimally Invasive Spine Surgery Center LLC

  Related · Surgery · FL · 53.71% owned · share of income $284,442 · share of assets $2,513,548

  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 $71,002,487 · share of assets $333,119,061 · controlled entity

  Directly controlled by BCHS

• Medspecialists Inc

  C Corporation · Payroll Services · FL · 100% owned · share of income $20,782,863 · share of assets $0 · controlled entity

  Directly controlled by BCHS