Tidelands Health

Legal name: Georgetown Memorial Hospital

Nonprofit profile at a glance

EIN
570341194
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Georgetown, SC, US
Phone
843-527-7000
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
Hospital, General

Official website

Reported finances

Revenue
$268,144,649
Expenses
$271,036,096
Assets
$63,042,850
Liabilities
$12,205,045

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

Leadership & pay

27 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 CHRISTOPHER BACH (TRUSTEE & PHYSICIAN): $1,151,992 total reported compensation
  • BRUCE BAILEY (PRESIDENT & CEO): $829,249 total reported compensation
  • PHIL DULBERGER (EXECUTIVE VICE PRESIDENT & CHIEF PHYSICIAN EXECUTIVE): $630,075 total reported compensation

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

Overview

Mission

We help people live better lives through better health.

What it reported doing in 2024

Georgetown memorial hospital provides quality health care and promotes health and wellness to georgetown county and surrounding areas. Georgetown memorial hospital is a 131 bed acute facility located in the city of georgetown, South Carolina. The hospital was organized under the laws of the state of South Carolina in 1946 for the purpose of operating a community hospital in georgetown county. Please see schedule o for a continuation of program service accomplishments.

Operating model

Revenue model
Other-operating. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 90
  • Accountability: 83
  • Sustainability: 31
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 79.5%; rating input score 80
  • Fundraising efficiency: $92.91 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 70.6%; rating input score 71; 21st 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: -1.1%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 5th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site
  • Where the money goes: 80.4% of revenue deployed · 79.5% of spending went to programs
  • Governance: 12 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $215.5M in reported program spending
  • Leadership: top reported pay $1.2M · 27 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 5 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.

  • High — Sustainability: Operating margin scored 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • High — Growth: Asset growth scored 0/100.