2013-11-14T14:00:44-06:00 2012-12-31 621517792 PERSHING YOAKLEY & ASSOCIATES PC 2963 GULF TO BAY BLVD STE 267 CLEARWATER FL 337594255 990 2012-01-01 592592846 Bayfront Health System Inc BAYF 7278936698 744 Sixth Avenue South St Petersburg FL 33701 David Fischer 7278936698 2013-11-14 1 Terry Haefner P01258953 7274427110 2012 2016-02-25 16:41:14Z X David Fischer 744 Sixth Avenue South St Petersburg FL 33701 16979446 0 X www.Bayfront.org X 1985 FL See Schedule O for Attached Supplemental Information.Bayfront Health System's Primary Exempt Purpose is to promote health care in the community by providing services to all of its affiliated health care providers. 13 8 27 0 7419 0 0 0 16031186 16983174 -135767 111336 137441 -115064 16032860 16979446 0 0 0 0 3333817 3269972 0 0 0 12697367 13713202 16031184 16983174 1676 -3728 117387333 112695505 102444045 101401813 14943288 11293692 X Bayfront Health System's mission is to provide quality healthcare for all we serve. 0 0 16983174 17065586 See Schedule O for Attached Supplemental Information.Primary Exempt Purpose:Bayfront Health System's Primary Exempt Purpose is to promote health care in the community by providing services through all of its affiliated health care providers.Statement of Program Service Accomplishments:Bayfront Health System, Inc. is the parent company to-1) Bayfront Medical Center, Inc.2) Bayfront Health Foundation, Inc.3) Bayfront Enterprises, Inc.4) Bayfront Same Day Surgery Center, LLC5) Bayfront Insurance Solutions, LTDAs the parent company, Bayfront Health System provides management and oversight to all of its affiliated companies. Its role is to develop, own, and operate a quality driven healthcare delivery system, multiple charitable, educational and scholastic programs, and activities for the benefit of the community it serves.In its continuing mission to provide services which benefit the community, Bayfront Health System owns and operates Bayfront Medical Center, a hospital that provided $32.7 million in unfunded care in 2012. Bayfront Health System, Inc. leases space to Bayfront Medical Center, Inc. as well as to physicians, providing them office space in close proximity to the hospital and, therefore, a location which is readily accessible to inpatient care.Bayfront Enterprises operates six Convenient Care Clinics in the community. Bayfront Health System also owns a partnership interest in Bayfront Same Day Surgery Center, LLC and has a wholly owned subsidiary, Bayfront Insurance Solutions, LTD (the captive), which is an independent single parent captive insurance company domiciled in the Cayman Islands. 16983174 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 38 0 1 27 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 13 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X Belinda Henderson 7278936295 744 6th Avenue South St Petersburg FL 33701 Bernie Young 1.00 X 0 0 0 James R Gillespie 1.00 X 0 0 0 Jay L Miller 1.00 X 0 0 0 Jeff Hearn 1.00 X 0 0 0 Juan Escobales MD 1.00 X 0 2500 0 Katie Pemble 1.00 X 0 0 0 Monte Trammer 1.00 X 0 0 0 Steven C Dupre ESQ 1.00 X 0 0 0 Sue G Brody 40.00 X X 720046 0 30646 Trina Espinola MD 1.00 X 0 46321 0 Vibhuti Singh MD 1.00 X 0 918790 27390 Larry Davis MD 1.00 X 0 0 0 H William Heller EdD 1.00 X 0 0 0 Robert W Thornton 40.00 X 429734 0 32828 Eric Feder 40.00 X 484422 0 34388 David Weiland MD 40.00 X 311604 0 85612 Emily B Connors 40.00 X 144786 0 42097 Karen Long 40.00 X 256701 0 11198 Jatin Motiwal 40.00 X 182849 38049 58724 2530142 1005660 322883 7 0 1 0 All Children's Hospital 550 9th Ave South FL 3 Dept of Fin St Petersburg FL 337015210 Space Rental/Cleaning/Catering 1700875 Foley & Lardner LLP 100 N Tampa St Suite 2700 St Petersburg FL 33602 Legal Services 701350 Paroo and Associates 6126 Kipps Colony Drive West Gulfport FL 33707 Consulting Services 662181 Ernst & Young PO Box 933514 Atlanta GA 311933514 Audit/Tax Services 277911 Radey Thomas Yon & Clark 301 S Bronough Street Suite 200 Tallahassee FL 32302 Legal Services 199777 8 Space Rental Revenue 531120 9879715 9879715 Management Fee Revenue 561000 6823229 6823229 Parking Revenue 812930 277065 277065 Miscellaneous 561000 3165 3165 16983174 53202 53202 58134 0 58134 58134 58134 Income from BISL, LTD. 900099 1459594 1459594 Income from Premier Purchasing Pa 561000 556447 549028 7419 Income from BSDS LLC 621990 -524750 -524750 -1606355 -1606355 -115064 16979446 16785356 7419 186671 1149780 1149780 1288193 1288193 77721 77721 648021 648021 106257 106257 1458798 1458798 292500 292500 1657347 1657347 8870 8870 77160 77160 25703 25703 4221438 4221438 17161 17161 2850379 2850379 2040312 2040312 91164 91164 Dues and Licenses 423468 423468 Parking Expense 355635 355635 Relocation and Recruitm 60319 60319 Maintenance Contracts 59715 59715 73233 73233 16983174 16983174 0 0 13658 2472 214599 98018 69880558 26392782 45403098 43487776 8531143 6278539 63224835 62828700 117387333 112695505 1074611 1498943 8927062 8930321 77802166 75849150 14640206 15123399 102444045 101401813 X 14943288 11293692 14943288 11293692 117387333 112695505 X -3728 83102 -3728970 X 0 1 X 1 0 X 11218110 11218110 41596650 17382367 24214283 1876778 378445 1498333 12552813 8192602 4360211 2636207 439368 2196839 43487776 Investment in BSDS, LLC -2832317 C Investment in Premier 485852 C Interest in Net Assets of Foundation 135156 C Investment in BISL 8489848 C 6278539 Due From Affiliates 61352345 Other Receivables 157558 Bond Issuance Costs 409093 Credit Valuation Adjustment 497204 Bond Sinking Fund 412500 62828700 MOB Lease Obligation 3398169 Interest Rate Swap Liability 7348208 Heart Center Parking Obligation 1162687 Deferred Rent 3214335 15123399 X Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting and the amounts used for income tax purposes. As of December 31, 2012 and 2011, the System had deferred tax assets of $1,213,000 and $1,869,000, respectively, relating principally to net operating loss carryovers. ASC Topic 740, Income Taxes, requires a valuation allowance to reduce the deferred tax assets reported if, based on the weight of the evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. After consideration of all the evidence, both positive and negative, management determined that a $795,000 and $1,326,000 allowance at December 31, 2012 and 2011, respectively, was necessary to reduce the deferred tax assets to the amount that would more likely than not be realized. The change in the valuation allowance for the current year is a decrease of $531,000. At December 31, 2012, the System has available net operating loss carryforwards of $3,223,000, which begin expiring in the year 2013. Cayman Islands 0 0 Program Services Insurance 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X X X X X 0 1 0 0 0 0 0 0 0 Sue G Brody 578445 0 0 0 141601 0 11054 0 19592 0 750692 0 0 0 Vibhuti Singh MD 0 698071 0 0 0 220719 0 11059 0 16331 0 946180 0 0 Robert W Thornton 349721 0 0 0 80013 0 10562 0 22266 0 462562 0 0 0 Eric Feder 350481 0 0 0 133941 0 13340 0 21048 0 518810 0 0 0 David Weiland MD 310873 0 0 0 731 0 68379 0 17233 0 397216 0 0 0 Emily B Connors 144513 0 0 0 273 0 29086 0 13011 0 186883 0 0 0 Karen Long 201081 0 28839 0 26781 0 0 0 11198 0 267899 0 0 0 Jatin Motiwal 178482 38049 0 0 4367 0 42205 0 16519 0 241573 38049 0 0 Part I, Line 4b Sue Brody - Participated in a supplemental nonqualified deferred compensation plan. She had $116,988 in benefits vest in 2012. This amount is included in Part II Column B(iii). She also had $29 of earnings vest in 2012. This amount is included in Part II Column C. Robert Thornton - Participated in a supplemental nonqualified deferred compensation plan. He had $64,599 in benefits vest in 2012. This amount is included in Part II Column B(iii). He also had ($438) of loss vest in 2012. This amount is included in Part II Column C. Eric Feder - Participated in a supplemental nonqualified deferred compensation plan. He had $117,205 in benefits vest in 2012. This amount is included in Part II Column B(iii). He also had $2,915 of earnings vest in 2012. This amount is included in Part II Column C. David Weiland - Participated in a supplemental nonqualified deferred compensation plan. He had $47,249 in contributions that are not vested in 2012. This amount is included in Part II Column C. He also had $2,341 of not vested earnings in 2012. Emily B. Connors - Participated in a supplemental nonqualified deferred compensation plan. She had $22,249 in contributions that are not vested in 2012. This amount is included in Part II Column C. She also had $428 of not vested earnings in 2012. Jatin Motiwal - Participated in a supplemental nonqualified deferred compensation plan. He had $32,991 in contributions that are not vested in 2012. This amount is included in Part II Column C. He also had $1,241 of not vested earnings in 2012. A Pinellas County Health Facilities Authority 596000800 72316MEK1 2004-04-22 49700000 Proj. Fund & Refund of Series 1993 0 0 0 B Pinellas County Health Facilities Authority 592384219 72316MES4 2006-09-02 32000000 Proj. Fund & Refund of Series 1989 0 0 0 A 49700000 22882029 654578 26163393 2007 1 0 1 1 B 32000000 3075173 551078 28373749 2008 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 1 SunTrust 12.000000000000 0 0 0 NA 0 0 0 B 0 0 0 0 1 1 SunTrust 12.000000000000 0 0 0 NA 0 0 0 Form 990, Part VI, Section B, line 11 The contents of the 990 were reviewed with the Chairman of the Board of the company prior to filing for input. In addition, copies of the 990s were made available to all Board of Trustee members subsequent to filing. Form 990, Part VI, Section B, line 12c Conflict of interest statements are reviewed by the Corporate Compliance Office. If there is a potential conflict, there is a discussion with the employee or board member and appropriate action is taken if necessary. Form 990, Part VI, Section B, line 15 Compensation for the CEO and top management is determined by use of a compensation committee, independent compensation consultants, Forms 990 of other organizations, and compensation surveys. The compensation committee meets annually to discuss and approve the compensation plans. Form 990, Part VI, Section C, line 19 Bayfront Health System's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Book/Tax Difference Bayfront Same Day Surgery Center -3,187,807. Book/Tax Difference Premier Purchasing Partners -558,276. Change in Net Assets of the Foundation -1,971. Net Assets Released from Restriction 19,084. Bayfront Health Foundation Inc 701 Sixth Street South St Petersburg FL 33701 311492316 Fundraising FL 501(c)(3) 11A - Type 1 0 Bayfront Medical Center Inc 701 Sixth Street South St Petersburg FL 33701 591218020 Hospital FL 501(c)(3) 3 0 Bayfront Same Day Surgery Center LLC 701 Sixth Street South St Petersburg FL 33701 731637544 Surgery Center FL Related -524750 1638703 0 1 0.50960 Bayfront Enterprises Inc 701 Sixth Street South St Petersburg FL 33701 592592872 Physician Services FL C 7439161 4990334 1.00000 0 Bayfront Insurance Solutions LTD PO Box 69 720 West Bay Rd Grand Cayman CJ KY1-1102 980680280 Insurance Services CJ C 8984743 33815913 1.00000 0 0 1 1 1 0 0 0 0 0 1 0 1 1 1 1 1 1 1 1 Bayfront Medical Center Inc R 808799 Fair Value Bayfront Health Foundation Inc P 726580 Fair Value Bayfront Same Day Surgery Center LLC R 883920 Fair Value Bayfront Enterprises Inc P 488074 Fair Value