GEORGETOWN, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
We help people live better lives through better health.
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...
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 Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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