LAKE CITY HEALTHCARE FOUNDATION

EIN: 202902140 Public & Societal Benefit

LAKE CITY, SC

Total Revenue
$67,827
Total Expenses
N/A
Total Assets
$308,092
Net Assets
$308,092
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
SC
Principal Officer
RONNIE POSTON
Phone
8433746419
Tax Period
2024-07-01 to 2025-06-30

LAKE CITY HEALTHCARE FOUNDATION, founded in 2005, is a micro nonprofit in the Public & Societal Benefit sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

LOWER FLORENCE COUNTY HOSPITAL D/B/A LAKE CITY COMMUNITY HOSPITAL IS A GOVERNMENTAL HOSPITAL EXEMPT FROM TAXATION UNDER IRC SECTION 115. LAKE CITY HEALTHCARE FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE UNDER IRS SECTON 501 (C) (4). THE FOUNDATION SUPPORTS AND FURTHERS THE PURPOSES AND FUNCTIONS OF THE HOSPITAL AND PROMOTES, IMPROVES, BENEFITS AND CONTRIBUTES TO THE HEALTH AND WELLNESS OF THE RESIDENTS OF FLORENCE COUNTY, SOUTH CAROLINA AND SURROUNDING COMMUNITIES. LAKE CITY HEALTHCARE FOUNDATION SPONSORS THE CANCER SUPPORT GROUP, ASSISTS WITH FUNDRAISING EFFORTS AND MAINTAINS ASSETS ON BEHALF OF THE HOSPITAL. THE BREAST CANCER SUPPORT GROUP MEETS MONTHLY AND ALLOWS MEMBERS OF THE COMMUNITY TO FIND NEEDED SUPPORT FROM OTHERS. THE GOAL OF SUCH GROUPS IS TO ASSIST MEMBERS OF THE COMMUNITY WITH COPING WITH THE CHALLENGES BY CONNECTING WITH OTHERS AND LEARNING HOW THEY WORKED THROUGH STEPS IN THE TREAMENT PROCESS. GROUP MEMBERS SHARE WHAT WORKED FOR

Program Service Accomplishments

Program 1

LOWER FLORENCE COUNTY HOSPITAL D/B/A LAKE CITY COMMUNITY HOSPITAL IS A GOVERNMENTAL HOSPITAL EXEMPT FROM TAXATION UNDER IRC SECTION 115. LAKE CITY HEALTHCARE FOUNDATION IS ORGANIZED AND OPERATES...

Read more

LOWER FLORENCE COUNTY HOSPITAL D/B/A LAKE CITY COMMUNITY HOSPITAL IS A GOVERNMENTAL HOSPITAL EXEMPT FROM TAXATION UNDER IRC SECTION 115. LAKE CITY HEALTHCARE FOUNDATION IS ORGANIZED AND OPERATES EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE UNDER IRS SECTON 501 (C) (4). THE FOUNDATION SUPPORTS AND FURTHERS THE PURPOSES AND FUNCTIONS OF THE HOSPITAL AND PROMOTES, IMPROVES, BENEFITS AND CONTRIBUTES TO THE HEALTH AND WELLNESS OF THE RESIDENTS OF FLORENCE COUNTY, SOUTH CAROLINA AND SURROUNDING COMMUNITIES. LAKE CITY HEALTHCARE FOUNDATION SPONSORS THE CANCER SUPPORT GROUP, ASSISTS WITH FUNDRAISING EFFORTS AND MAINTAINS ASSETS ON BEHALF OF THE HOSPITAL. THE BREAST CANCER SUPPORT GROUP MEETS MONTHLY AND ALLOWS MEMBERS OF THE COMMUNITY TO FIND NEEDED SUPPORT FROM OTHERS. THE GOAL OF SUCH GROUPS IS TO ASSIST MEMBERS OF THE COMMUNITY WITH COPING WITH THE CHALLENGES BY CONNECTING WITH OTHERS AND LEARNING HOW THEY WORKED THROUGH STEPS IN THE TREAMENT PROCESS. GROUP MEMBERS SHARE WHAT WORKED FOR THEM, MILESTONES ALONG THEIR JOURNEY, COPING WITH TREASTMENTS, AND OTHER ISSUES RELATED TO THE ILLNESS AND RECOVERY. THE GROUP ALSO HOSTS AN EVENT DURING BREAST CANCER AWARENESS MONTH IN ORDER TO PROVIDE EDUCATION TO MEMBERS OF THE COMMUNITY AND ENCOURAGE HEALTH LIVING.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $31
Other Revenue $67,796
TOTAL REVENUE $67,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $67,827 $115,544 -0.4%
Expenses N/A N/A N/A
Net Income N/A $115,544 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTTY CAMPBELL BOARD MEMBER N/A
Director
$0 $0 $0
MIKE FAUCETTE BOARD MEMBER N/A
Director
$0 $0 $0
ANNA FRANK BOARD MEMBER N/A
Director
$0 $0 $0
SARAH MISHOE BOARD MEMBER N/A
Director
$0 $0 $0
LEE NETTLES BOARD MEMBER N/A
Director
$0 $0 $0
RONNIE POSTON CHAIRMAN N/A
Officer
$0 $0 $0
JACQUELINE WOODBERRY SECT/TREASUR N/A
Officer
$0 $0 $0
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
2025 $67,827 No data $308,092 No data
2024 No data No data No data No data
2023 $315,967 $38,532 $124,721 $277,435
2022 $59,424 $105,234 $751,494 $-45,810
2021 $59,428 $110,547 $819,095 $-51,119
2020 $59,422 $112,314 $896,586 $-52,892
2019 $59,427 $113,071 $974,863 $-53,644
Explore More Nonprofits
Top 100 Nonprofits in South Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LAKE CITY HEALTHCARE FOUNDATION with other nonprofits in South Carolina and across the country.