BayCare Medical Group
Legal name: BayCare Medical Group Inc
Nonprofit profile at a glance
- EIN
- 593140335
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Clearwater, FL, United States
- Phone
- 1-800-BayCare (229-2273)
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ambulatory Health Center, Community Clinic
Reported finances
- Revenue
- $705,286,408
- Expenses
- $749,066,314
- Assets
- $155,833,401
- Liabilities
- $714,322,768
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- SOWMYA VISWANATHAN (TRUSTEE/PRESIDENT/CPE BAYCARE)
- STEPHANIE CONNERS (TRUSTEE/PRESIDENT & CEO BAYCARE)
- SYED JAFRI (FORMER PRESIDENT & CMO)
Highest reported compensation
- STEPHANIE CONNERS (TRUSTEE/PRESIDENT & CEO BAYCARE): $3,027,169 total reported compensation
- AHMAD SHAKER (MEMBER PHYSICIAN-SPECIALTY): $2,327,473 total reported compensation
- AKM HOSSAIN (MEMBER PHYSICIAN-SPECIALTY): $2,303,682 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
BayCare Medical Group, Inc. will improve the health of all we serve through community-owned health care services that set the standard for high-quality, compassionate care. BayCare Health System will improve the health of all we serve through community-owned services that set the standard for high-quality, compassionate care. Our Vision. Daily Tiered Safety Huddle: These huddles support systemwide daily communication and safety awareness Safety Absolutes: Time-outs and Instrument Counts in our surgical/procedural areas No Pass Zones for alarms. Condition-specific pathways and order sets support our providers with the most up-to-date evidence-based treatment protocols Monitoring our safety progress on our Zero Harm dashboard Excellent hand hygiene.
What it reported doing in 2024
Baycare Medical Group (BMG) is Tampa Bay's leading multi-specialty group with 943 providers practicing in 165 locations in 56 Specialties throughout the central Gulf Coast of Florida. BMG is part of the Baycare Health System, the region's largest health care provider which is comprised of a network of outpatient facilities, 16 hospitals, and services such as Imaging, Lab, Behavioral Health and Home Health Care. Connecting patients to a complete range of preventative, Diagnostic and treatment services for any health care need throughout their lifetime is our priority. BMG offers robust administrative support to growing practices in a location that is world-renowned for its sunshine, sports, schools and exceptional quality of life. Many BMG offices have been awarded the highest level of recognition by the National Committee of Quality Assurance as a physician practice connections patient-centered medical home.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 74
- Accountability: 48
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.5%; rating input score 92
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 26.7%; rating input score 27; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -6.2%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 4.58; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 2.2%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 11.8% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 15.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 92.5% of revenue deployed · 87.1% of spending went to programs
- Governance: 4 of 15 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $652.3M in reported program spending
- Leadership: top reported pay $3M · 23 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $30M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 42 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 27/100.
- High — Sustainability: Operating margin scored 11/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.