Bayhealth Medical Center Inc
- Assets
- $1.6b
- Revenue
- $861.5m
- Investments
- $0.0
- Employees
- 4,620
- Location
- Dover, DE
- Founding
- 02/1943
- Data as of
- 06/2021
- EIN
- 51-0064318
Organization Overview
Bayhealth Medical Center Inc is located in Dover, DE. The organization was established in 1943. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Bayhealth Medical Center Inc employed 4,620 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayhealth Medical Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bayhealth Medical Center Inc generated $861.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $777.0m during the year ending 06/2021. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bayhealth Medical Center Inc has awarded 71 individual grants totaling $1,818,422. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE HEALTH OF OUR COMMUNITY, ONE LIFE AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBAYHEALTH MEDICAL CENTER, INC. PROVIDES A FULL RANGE OF PATIENT CARE, EMERGENCY SERVICES, AND WELLNESS SERVICES. BAYHEALTH MEDICAL CENTER IS COMPRISED OF A TOTAL OF 394 BEDS IN TWO ACUTE-CARE HOSPITALS, KENT GENERAL HOSPITAL IN DOVER (266 BEDS) AND MILFORD MEMORIAL HOSPITAL (128 BEDS). BAYHEALTH ALSO HAS OUTPATIENT SITES THROUGHOUT THE SERVICE AREA. BOTH HOSPITALS HAVE LEVEL III TRAUMA CENTERS. THEY PROVIDE A FULL RANGE OF SURGICAL AND MEDICAL CARE; RADIATION AND MEDICAL ONCOLOGY AND CHEMOTHERAPY; INFUSION THERAPY; CARDIOVASCULAR SERVICES; ENDOVASCULAR SURGERY; ELECTROPHYSIOLOGY; AMBULATORY SURGERY; WOUND CARE, PERINATOLOGY SERVICES, AND A LEVEL II NICU AND PICU. DURING THE TWELVE MONTHS ENDING JUNE 30, 2021, BAYHEALTH RECORDED 90,135 EMERGENCY ROOM VISITS, 18,346 PATIENTS ADMITTED TO BEDS, 2,160 BIRTHS, 515,834 OUTPATIENT VISITS, AND PROVIDED $73.2 MILLION IN UNREIMBURSED CARE TO PATIENTS.BAYHEALTH HAS AFFILIATIONS WITH THE UNIVERSITY OF PENNSYLVANIA'S PENN HEALTH IN CARDIOLOGY, ONCOLOGY, AND ORTHOPAEDICS. IT PROVIDES PHYSICIAN AND MEDICAL CLINICAL ROTATIONS, HOUSING, AND MEALS FOR INTERNS AND RESIDENTS FROM SURROUNDING STATES. IN FY 2020, BAYHEALTH HOSTED STUDENTS FROM VOCATIONAL SCHOOLS, COMMUNITY COLLEGES, AND UNIVERSITIES FOR CLINICAL ROTATIONS IN NURSING AND OTHER HEALTH PROFESSIONS. BECAUSE THE SERVICE AREA IS DEEMED TO BE MEDICALLY UNDERSERVED, WITH A SHORTAGE OF HEALTH PROFESSIONALS, BAYHEALTH ACTIVELY RECRUITS PHYSICIANS TO THE AREA. IN ADDITION, IT OWNS AND OPERATES 34 PHYSICIAN PRACTICES IN CENTRAL AND SOUTHERN DELAWARE.BAYHEALTH HAS AN ACTIVE EDUCATION PROGRAM, INCLUDING HEALTH-RELATED CLASSES, SUPPORT GROUPS, FREE PUBLIC SCREENINGS, FREE SPEAKERS FOR COMMUNITY GROUPS, AND REPRESENTATION AT COMMUNITY EVENTS.BAYHEALTH MEDICAL CENTER, INC. PROVIDES CARE TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY FOR THE SERVICES RENDERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry M Murphy Chair & CEO | OfficerTrustee | 38 | $1,619,267 |
Dawn Tartaglione MD Physician | 40 | $1,133,539 | |
Gary W Szydlowski MD Staff Physician | 40 | $824,276 | |
Gary Siegelman MD SVP & Cmo | OfficerTrustee | 40 | $820,716 |
John Lahaniatis MD Physician | 40 | $790,518 | |
Trinity Pilkington MD Physician | 40 | $788,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Drug Company Pharmaceuticals | 6/29/21 | $43,922,973 |
Cardinal Health Supplies | 6/29/21 | $17,450,803 |
Zones Llc It Equipment | 6/29/21 | $9,139,642 |
Whiting-turner Contracting Company Construction | 6/29/21 | $7,673,751 |
Apogee Medical Management Hospitalists | 6/29/21 | $8,118,830 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,175,448 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,175,448 |
| Total Program Service Revenue | $801,143,134 |
| Investment income | $18,082,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,944 |
| Net Gain/Loss on Asset Sales | $18,777,929 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $861,509,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $183,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,810,333 |
| Compensation of current officers, directors, key employees. | $6,810,333 |
| Compensation to disqualified persons | $387,853 |
| Other salaries and wages | $334,262,370 |
| Pension plan accruals and contributions | $12,621,118 |
| Other employee benefits | $67,134,704 |
| Payroll taxes | $20,308,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,936,725 |
| Fees for services: Accounting | $382,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,329,822 |
| Fees for services: Other | $3,916,441 |
| Advertising and promotion | $772,070 |
| Office expenses | $3,589,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,204,486 |
| Travel | $1,522,576 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,041,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,426,622 |
| Insurance | $7,868,467 |
| All other expenses | $22,990,464 |
| Total functional expenses | $776,965,343 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,175,648 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,851,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,703,076 |
| Prepaid expenses and deferred charges | $21,758,298 |
| Net Land, buildings, and equipment | $542,143,492 |
| Investments—publicly traded securities | $768,283,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,889,136 |
| Total assets | $1,592,804,671 |
| Accounts payable and accrued expenses | $207,741,304 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $202,968,668 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,261,267 |
| Total liabilities | $433,971,239 |
| Net assets without donor restrictions | $1,144,505,415 |
| Net assets with donor restrictions | $14,328,017 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,592,804,671 |
Grants Awarded
Over the last fiscal year, Bayhealth Medical Center Inc has awarded $136,922 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
DE TURF SPORTS COMPLEX PURPOSE: PROGRAM SUPPORT | $50,000 |
Dallas, TX PURPOSE: PROGRAM SUPPORT | $22,500 |
Wilmington, DE PURPOSE: PROGRAM SUPPORT | $15,000 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $14,250 |
Wilmington, DE PURPOSE: PROGRAM SUPPORT | $10,000 |
TODAY MEDIA PURPOSE: PROGRAM SUPPORT | $8,672 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bayhealth Medical Center Inc has recieved totaling $2,553,568.
| Awarding Organization | Amount |
|---|---|
Bayhealth Foundation Dover, DE PURPOSE: To support the mission of Bayhealth Medical Center, Inc | $2,535,966 |
American Heart Association Inc Dallas, TX PURPOSE: CVD RISK MANAGEMENT | $10,000 |
Upstream Usa Inc Boston, MA PURPOSE: Reproductive Health Program Training | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Milford Lions Club Service Foundation Inc Milford, DE PURPOSE: CAPITAL CAMPAIGN | $0 |
Endowment Analysis
| Beg. Balance | $6,559,209 |
| Earnings | -$240,816 |
| Ending Balance | $6,318,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Abington Memorial Hospital Philadelphia, PA | $948,017,930 | $858,404,541 |
Englewood Hospital And Medical Center A New Jersey Nonprofit Corp Englewood, NJ | $770,563,796 | $890,451,423 |
Inspira Medical Centers Inc Bridgeton, NJ | $1,997,035,403 | $960,599,521 |
Valley Hospital Inc Ridgewood, NJ | $2,214,086,950 | $1,000,529,103 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $642,141,254 | $936,777,270 |
Virtu-West Jersey Health System Inc Marlton, NJ | $2,706,789,713 | $1,000,808,483 |
Bayhealth Medical Center Inc Dover, DE | $1,592,804,671 | $861,509,299 |
Tower Health Reading, PA | $1,567,530,050 | $562,187,138 |
Pennsylvania Hospital Of The Univ Of Pennsylvania Health System Philadelphia, PA | $773,767,590 | $678,080,811 |
Johns Hopkins Bayview Medical Center Inc Baltimore, MD | $440,914,055 | $670,376,991 |
Kennedy University Hospital Inc Philadelphia, PA | $1,241,829,856 | $668,598,689 |