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Florida · Nonprofit

BayCare Health System Inc

BayCare Health System Inc (Florida) receives grants from 9 organizations whose IRS filings report $2,761,629 to it, the largest being ALLEGANY FRANCISCAN MINISTRIES INC ($1,821,000). 5 of them have funded it in more than one year.

Revenue FY2024
$1.6B
Funders on record
9
Grants received
$2.8M
Net assets
$6.9B
5/9 repeat funderspeak grant-dependency 0%
01What it does

What BayCare Health System Inc does

Mission

BAYCARE HEALTH SYSTEM, INC. (BCHS) WILL IMPROVE THE HEALTH OF ALL WE SERVE THROUGH COMMUNITY-OWNED HEALTH CARE SERVICES THAT SET THE STANDARD FOR HIGH-QUALITY, COMPASSIONATE CARE. BCHS 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.

As stated on its FY2024 Form 990.

Program

  1. BayCare Health System, headquartered in Clearwater, Florida, is the leading, not-for-profit health care system that connects individuals and families to a wide range of services at 16 hospitals and hundreds of other convenient locations throughout West Central Florida, including Tampa Bay. Inpatient and outpatient services include acute care, primary care, imaging, laboratory, surgery centers, wellness centers, behavioral health, home care and urgent care. BayCare's 2024 Report to the Community can be viewed at BayCare.org/Annual-Report. Continued on Schedule O

    $762,461,476 spentof which $1,962,400 as grants$829,269,758 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $762,461,476.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($764M) Expenses 100 ($502M) Net assets 100 ($884M)2018 Revenue 92 ($706M) Expenses 108 ($545M) Net assets 115 ($1.0B)2019 Revenue 107 ($819M) Expenses 118 ($590M) Net assets 122 ($1.1B)2020 Revenue 105 ($800M) Expenses 120 ($602M) Net assets 126 ($1.1B)2021 Revenue 150 ($1.1B) Expenses 129 ($650M) Net assets 144 ($1.3B)2022 Revenue 106 ($810M) Expenses 134 ($671M) Net assets 167 ($1.5B)2023 Revenue 133 ($1.0B) Expenses 147 ($737M) Net assets 184 ($1.6B)2024 Revenue 210 ($1.6B) Expenses 166 ($835M) Net assets 784 ($6.9B)
'17'18'19'20'21'22'23'24
Revenue (210)Expenses (166)Net assets (784)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $8.5B to $16.0B (+88%).

$4.9B
$5.1B
$6.2B
$7.8B
$8.7B
$7.9B
$8.5B
$16.0B
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 0% · 2020 1% · 2021 0% · 2022 0% · 2023 0% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.

0% of BayCare Health System Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (1% for the typical peer).

This organization
Typical peer · 2,211 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$262M
’17
$162M
’18
$228M
’19
$198M
’20
$493M
’21
$139M
’22
$279M
’23
$770M
’24
3.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Stephanie Conners

President & CEO baycare

Board chair

James Cantonis

Trustee/chair

As listed on its FY2024 Form 990.

201720182024
Listed353633
Joined·+8·
No longer listed·7·
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 5 funders to 2 funders, grant income fell $724k → $279k.

Left out of every figure on this page: $674k from 3 payers (the payer shares this organization's board, largest Tampabay Workforce Alliance Inc). These are real filings, and they are not money BayCare Health System Inc raised.

From the IRS filings of BayCare Health System Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

BayCare Health System Inc leans on a few funders — its largest provides 66% of grant income and the top three 91%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BayCare Health System Inc.

66%
largest funder
91%
top three
~2
effective funders

Largest funder’s share by year: 2017 50% · 2018 52% · 2019 85% · 2020 76% · 2021 95% · 2022 87% · 2023 75% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

33% of BayCare Health System Inc's funders are still giving 3 years after their first grant; 56% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

88% of BayCare Health System Inc's grant income comes from Florida funders.

MD
GA
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

BayCare Health System Inc runs a healthier operating margin than three-quarters of the 2,075 health nonprofits its size.

Operating margin48% · top quartile
Months of reserve3.9mo · top quartile
Revenue growth (annualized)11% · top quartile

this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024

Government funding BayCare Health System Inc receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $11.9M on record — $1.4M federal, $10.5M state.

Federal$1.4M
grants $1.4Mcontracts $0
24
26
Top agencies
  • Department of Labor$964k
  • Department of Health and Human Services$458k
State$10.5M
19
20
21
22
23
24
25
Top programs
  • FEDERAL FINANCIAL ASSISTANCE - GENERAL $10.4M
  • STATE FINANCIAL ASSISTANCE - GENERAL $66k
  • REFUNDS - GENERAL $2k
  • INTEREST - LATE PAYMENT OF INVOICES $2k
  • FEES - GENERAL - COMMODITIES $681
  • MEDICAL SERVICES - GENERAL $287

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like BayCare Health System Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 9%Fundraising 0%

Governance

21
board members
95%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 2 states

CA
FL

Part of a family of 54 related entities

  • BayCare Ambulatory Services LLC · disregarded
  • BayCare Integrated Service Center LLC · disregarded
  • BayCare Properties LLC · disregarded
  • BayCare Laboratories LLC · disregarded
  • BayCare Physician Partners LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for BayCare Health System Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds BayCare Health System Inc?
BayCare Health System Inc (Florida) receives grants from 9 organizations whose IRS filings report $2,761,629 to it, the largest being ALLEGANY FRANCISCAN MINISTRIES INC ($1,821,000). 5 of them have funded it in more than one year.
How many funders does BayCare Health System Inc have?
IRS filings report 9 organizations giving $2,761,629 in grants to BayCare Health System Inc, 5 of which have funded it in more than one year.
Who is the largest funder of BayCare Health System Inc?
ALLEGANY FRANCISCAN MINISTRIES INC is the largest funder on record, with $1,821,000 in grants. The full list of funders is on this page.
How can an organization like BayCare Health System Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing