Waccamaw Community Hospital

What it reported doing in 2023

Waccamaw community hospital provides quality health care and promotes health and wellness to the residents of georgetown county and surrounding areas. Waccamaw community hospital is a 124 bed acute care facility located in murrells inlet, South Carolina. The hospital was organized under the laws of the state of South Carolina in 2002 for the purpose of operating a community satellite hospital in the northern part of georgetown county. The hospital was created for the purpose of promoting health for all residents of georgetown county and its outlying areas. The promotion of health has been established as a charitable purpose under internal revenue code (irc) section 501 (c)(3). Revenue rule 69-545, 1969-2 c.b. 117, as modified by rec. Rul. 83-157, 1983-2 c.b. 94, sets forth the factors the internal revenue services will consider in determining whether a nonprofit hospital qualifies for tax exempt status. The hospital operates its facilities in a manner described in rev. Ruling 69-545, supra. The hospital has a board of trustees composed of independent civic leaders and physicians. An open medical staff is maintained by the hospital, with privileges available to all qualified physicians. Also, the hospital provides emergency and non-emergency care to anyone regardless of their ability to pay, either directly or through third party reimbursement, including medicare and medicaid. During the year ended september 30, 2024, the hospital furnished charity care in the amount of $18,616,190. In addition to providing patient charity care, and in furtherance of its exempt purpose to benefit the community, the hospital provides car seats to families and newborn infants who do not presently have or cannot afford to purchase one. In addition, the hospital provides free taxi service through an auxiliary organization for individuals that cannot afford or arrange for transportion to their residence or healthcare service. The hospital also participates in state programs such as the best chance network, which targets low-income women for preventative healthcare testing. The hospital is part of the georgetown hospital system which periodically conducts various community outreach, screening, and educational programs. Among these are cholesterol and blood pressure screenings, periodic health fairs held throughout the service area which offer a variety of health-related information and screenings, such as glucose, cholesterol, blood pressure, body fat analysis, and a laboratory blood profile. The hospital system's community education program conducts a variety of classes and lecture series open to the public, including cpr, weight control, smoking cessation, childbirth education, pre-natal and infant nutrition, and others.

Financial Efficiency

• Mission deployment rate: 70.6%; rating input score 71
• Program expense ratio: 79.8%; rating input score 80
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited
• Public monitoring controls: Limited
• Public policy transparency: Limited
• Public financial transparency: Limited
• Impact reporting controls: Limited
• Public relationship transparency: Limited

Accountability

• Independent voting board: 70.6%; rating input score 71; 22nd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
• Public governance controls: Limited
• Zakat policy transparency: Limited

Sustainability

• Operating margin: 11.5%; rating input score 79; 79th percentile among comparable filings
• Operating reserve ratio: 1.37; rating input score 51; 51st percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 0.4%; rating input score 85; 85th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 18th percentile among comparable filings
• Revenue growth: 2.9% per year; rating input score 100; 24th percentile among comparable filings
• Asset growth: 7.5% per year; rating input score 100; 56th percentile among comparable filings