Georgetown Hospital System

Nonprofit profile at a glance

EIN
020598440
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Georgetown, SC, USA
Phone
8435208617
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Community Health Systems

Official website

Reported finances

Revenue
$265,774,573
Expenses
$327,312,027
Assets
$585,098,340
Liabilities
$535,064,506

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

Leadership & pay

34 people listed

Executive titles in this filing

  • BRUCE BAILEY (PRESIDENT & CEO)
  • ELIZABETH WARD (EXECUTIVE VICE PRESIDENT & CFO)
  • ERIN S BEADLE (EXECUTIVE VICE PRESIDENT & CFO)
  • GAYLE RESETAR (EXECUTIVE VICE PRESIDENT & COO)
  • PHIL DULBERGER (EXECUTIVE VICE PRESIDENT & CHIEF PHYSICIAN EXECUTIVE)

Highest reported compensation

  • DR NITESH J AINANI (PHYSICIAN): $1,637,022 total reported compensation
  • DR MALCOM EGGART (PHYSICIAN): $1,299,876 total reported compensation
  • DR JESSE LEWIS (PHYSICIAN): $1,182,256 total reported compensation

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

Overview

Mission

Georgetown hospital system is committed to providing high quality healthcare to the citizens of georgetown county and surrounding areas. Our mission is to continuously improve the care we are able to render to exceed the expectations of our patients and customers.

What it reported doing in 2024

To assist in the provision of health care to residents of georgetown county by providing payroll and management services to waccamaw community hospital and georgetown memorial hospital, both 501(c)(3) tax exempt hospitals. In addition to the above services, the program service revenue recorded on page 9 of the form 990, as well as the functional expenses on page 10, represents the activities of georgetown physician services, llc, ghs transitional care llc, tidelands health market common llc, and tidelands health asc wholly-owned disregarded nonprofit entities.

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 - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 88
  • Accountability: 87
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.8%; rating input score 74
  • Program expense ratio: 55.7%; rating input score 56
  • Fundraising efficiency: $0.77 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 93.6%; rating input score 94; 26th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 78.3%; rating input score 78; 26th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -23.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.79; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 17.2% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 21.8% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 27.7% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 73.8% of revenue deployed · 55.7% of spending went to programs
  • Governance: 18 of 23 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $182.2M in reported program spending
  • Leadership: top reported pay $1.6M · 34 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $28.7M reported
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 15 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 — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.