BayCare

Legal name: Morton Plant Hospital Association Inc

Nonprofit profile at a glance

EIN
590624462
IRS 990 coverage
2010–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Clearwater, Florida, United States
Phone
1-800-BayCare (229-2273)
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$1,126,021,011
Expenses
$1,015,304,139
Assets
$1,550,838,040
Liabilities
$54,669,223

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

Leadership & pay

32 people listed

Executive titles in this filing

  • BRANDON MAY (PRESIDENT MP NORTH BAY)
  • MATTHEW NOVAK (PRESIDENT MORTON PLANT HOSPITAL)
  • SARAH NAUMOWICH (FORMER PRESIDENT MP NORTH BAY)

Highest reported compensation

  • LOUIS GALDIERI (EX-OFFICIO TRUSTEE/CHIEF OPERATING OFFICER): $1,212,845 total reported compensation
  • RONALD BEAMON (VP, CFO BAYCARE HOSP DIV): $975,683 total reported compensation
  • ROBERT ROTH (TRUSTEE/BMG PHYSICIAN - SPECIALTY): $740,570 total reported compensation

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

Overview

Mission

Morton Plant Hospital Association, 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 became Florida’s first and only health system to be awarded the new Well-Being Excellence™ designation from the American Nurses Credentialing Center, which recognizes organizations that demonstrate exceptional support for safety, growth and workplace culture. Florida Nurses Association BayCare also received the Florida Nurses Association’s Promoting Environment for Excellence in Nursing Practice Icon Award, recognizing the impact of its nurse‑led initiatives such as Professional Practice Councils and Voices of Extraordinary Care, which empower nurses to shape practice and culture.

What it reported doing in 2024

Morton Plant Hospital Association, Inc. (MPHA) is a full-service 821-bed community hospital. During 2024, MPHA provided inpatient care to 39,265 patients, treated 135,032 patients in the emergency department, and delivered 2,050 babies. Through efforts of the Medical Assistance Program and the hospitals' charity care program MPHA saw a net community benefit expense of $62.7 million. The hospital also provided other community services totaling nearly $15.6 million. These include health screenings, educational programs, sponsorships and research. Refer to schedule H for additional information.

Operating model

Revenue model
Other-operating. 99% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 79
  • Accountability: 78
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.4%; rating input score 75
  • Program expense ratio: 83.7%; rating input score 84
  • 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 26th 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: 9.8%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.53; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 45th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 75.4% of revenue deployed · 83.7% of spending went to programs
  • Governance: 14 of 18 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $849.3M in reported program spending
  • Leadership: top reported pay $1.2M · 32 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $22.1M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 51 filed money-flow records
  • Related organizations: 82 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.