Baycare Pasco Inc

Nonprofit profile at a glance

EIN
832099849
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2022
Location
Wesley Chapel, FL, USA
Phone
8139141000
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$86,362,646
Expenses
$96,064,980
Assets
$203,994,646
Liabilities
$238,214,884

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • KIMBERLY GUY (TRUSTEE/President/CHIEF OPERATING OFFICER)
  • REBECCA SCHULKOWSKI (PRESIDENT BAYCARE HOSPITAL WESLEY CHAPEL)

Highest reported compensation

  • KIMBERLY GUY (TRUSTEE/President/CHIEF OPERATING OFFICER): $1,198,137 total reported compensation
  • RONALD BEAMON (VP, CFO BAYCARE HOSP DIV): $975,683 total reported compensation
  • REBECCA SCHULKOWSKI (PRESIDENT BAYCARE HOSPITAL WESLEY CHAPEL): $596,610 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health of all we serve through community-owned health care services that set the standard for high-quality, compassionate care. AS a part of BayCare Health System, BayCare Hospital Wesley Chapel is the best place to work, receive and provide care. We are powered by an extraordinary team that delivers quality, drives innovation and embraces inclusivity.

What it reported doing in 2024

BayCare Hospital Wesley Chapel (BHWC) opened its doors in March 2023 and is excited to join the neighborhood as Pasco County's newest, state-of-the-art community hospital. BHWC's 86-bed facility provides comprehensive health care services for patients and their families. At BayCare Hospital Wesley Chapel, patients always receive the very best compassionate care, close to home. Through efforts of the medical assistance program and the hospital's charity care program, BHWC saw a net community benefit expense totaling over $8.4 Million IN 2024. The hospital also provided other community services totaling $2.9 Million. Refer to schedule h for additional information.

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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 72
  • Accountability: 85
  • Sustainability: 30
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.5%; rating input score 97
  • Program expense ratio: 87.6%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th 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: 97.6%; rating input score 98; 33rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 38th 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: -11.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.12; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 1.17; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 38.6% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 67.2% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 97.5% of revenue deployed · 87.6% of spending went to programs
  • Governance: 9 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $84.2M in reported program spending
  • Leadership: top reported pay $1.2M · 17 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.5M reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes grants and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 53 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 — Sustainability: Operating margin scored 7/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 58/100.