WACCAMAW COMMUNITY HOSPITAL

EIN: 043633263 501(c)(3) Health Care

GEORGETOWN, SC

Total Revenue
$225,624,428
Total Expenses
$199,585,171
Total Assets
$273,882,096
Net Assets
$261,358,627
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
SC
Phone
8435208617
Tax Period
2023-10-01 to 2024-09-30

WACCAMAW COMMUNITY HOSPITAL, founded in 2002, is a major nonprofit in the Health Care sector that reported $225.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $199.6M left a modest 12% surplus.

Mission

TO PROVIDE HIGH QUALITY HEALTHCARE TO THE CITIZENS OF GEORGETOWN CO. AND SURROUNDING AREAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,376
Program Service Revenue $225,109,457
Investment Income $15,531
Other Revenue $457,064
TOTAL REVENUE $225,624,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,186,429
Fundraising Expenses $0
Program Expenses $159,228,108
Other Expenses $138,398,742
TOTAL EXPENSES $199,585,171

Year-over-Year Comparison

2023 2022 Change
Revenue $225,624,428 $206,137,069 +0.1%
Expenses $199,585,171 $187,785,289 +0.1%
Net Income $26,039,257 $18,351,780 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
12
Employees
N/A
Volunteers
31

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,357,087
Total Directors
17
$1,215,373
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mr Julian A Reynolds Jr Chairman 0.5
Officer Director
$0 $0 $0
Mr Robert L Jones Vice Chairman 0.5
Officer Director
$0 $0 $0
Ms Judith K Ingle Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
Dr Christine Gerber Trustee & Physician 0.5
Director
$9,048 $0 $18,096
Dr Christopher Bach Trustee & Physician 0.5
Director
$0 $29,091 $1,145,695
Dr Desmond Young Vice Chief of Staff & Physician 0.5
Director
$13,204 $0 $26,408
Dr Marthena Morant Trustee 0.5
Director
$0 $0 $0
Dr Michael J Ratliffe Chief of Staff & Physician 0.5
Director
$12,587 $0 $25,174
Mr Dan Stacy Jr Trustee 0.5
Director
$0 $0 $0
Mr Daniel Scheffing Trustee 0.5
Director
$0 $0 $0
Mr Francis B Ford Jr Trustee 0.5
Director
$0 $0 $0
Mr J Edward Norris III Trustee 0.5
Director
$0 $0 $0
Mr Mark Nash Trustee 0.5
Director
$0 $0 $0
Mr Tony Jordan Trustee 0.5
Director
$0 $0 $0
Mr Willie Shelley Jr Trustee 0.5
Director
$0 $0 $0
Ray Funnye Trustee 0.5
Director
$0 $0 $0
Tony Cox Trustee 0.5
Director
$0 $0 $0
Bruce Bailey President & CEO 1.0
Officer
$0 $33,807 $733,041
Elizabeth Ward Executive Vice President & CFO 1.0
Officer
$0 $31,588 $528,633
Gayle Resetar EXECUTIVE VICE PRESIDENT & COO 1.0
Officer
$0 $23,093 $490,695
Phil Dulberger Executive Vice President & Chief Physician Executive 1.0
Officer
$0 $29,477 $604,718
Catherine Gillespie Physician Assistant 40.0
Highest
$179,070 $18,051 $197,121
Darrell Willm Sr Director Pharmacy 12.0
Highest
$66,218 $25,458 $246,184
Kelly Edwards Director Pharmacy 16.0
Highest
$83,646 $22,627 $231,742
Kirsi Matthews Pharmacy Coordinator 40.0
Highest
$175,497 $21,968 $197,465
Lesley Hastings Sr Director Surgical Svcs 20.0
Highest
$85,891 $24,520 $196,302
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $225,624,428 $199,585,171 $273,882,096 $26,039,257
2023 $206,137,069 $187,785,289 $359,318,821 $18,351,780
2022 $210,279,664 $193,346,538 $326,122,356 $16,933,126
2021 $208,425,565 $173,165,156 $320,687,965 $35,260,409
2020 $184,286,878 $155,925,814 $302,710,357 $28,361,064
2019 $183,195,041 $169,057,316 $243,196,773 $14,137,725
2018 $177,496,700 $166,820,858 $209,283,391 $10,675,842
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