PHOEBE SUMTER MEDICAL CENTER INC (EIN 263975185) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

CARLYLE WALTON

Phone

2299246011

Tax Period

2023-08-01 to 2024-07-31

PHOEBE SUMTER MEDICAL CENTER INC, founded in 2009, is a major nonprofit in the Health Care sector that reported $126.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $113.8M left a modest 10% surplus.

Mission

WE EMPOWER EVERY MEMBER OF THE PHOEBE FAMILY TO SAFEGUARD THE HEALTH OF OUR COMMUNITIES - EMBRACING A CULTURE THAT DELIVERS GREAT PATIENT EXPERIENCES, INNOVATIVE TREATMENTS, AND ACCESS TO SUPERIOR CARE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,383,973

Program Service Revenue $113,916,391

Investment Income $3,090,555

Other Revenue $6,097,043

TOTAL REVENUE $126,487,962

Expense Breakdown

Grants Paid $373,571

Salaries & Benefits $39,221,500

Fundraising Expenses $0

Program Expenses $91,388,554

Other Expenses $74,163,918

TOTAL EXPENSES $113,758,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,487,962	$111,286,213	+0.1%
Expenses	$113,758,989	$102,585,967	+0.1%
Net Income	$12,728,973	$8,700,246	+0.5%

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

Governance

Voting Members

Independent Members

Employees

694

Volunteers

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

$3,923,015

Total Directors

$5,114,160

Key Employees

$732,014

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT STEINER	BD MBR PPHS	1.00	Officer Director	$0	$288,557	$1,933,323
BRIAN CHURCH	BD MBR/PPHS	1.00	Officer Director	$0	$188,268	$1,039,725
JOHN CRISP	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA DANIEL PHD RN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN FENNESSY MD	BRD MBR/PHYS	1.00	Director	$0	$53,506	$1,680,357
G BARDIN HOOKS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD F JACKSON JR	BRD MBR LEFT	1.00	Director	$0	$0	$0
ALTON MARCUS SR	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDRICK MCLAUGHLIN EDD	CHAIR	1.00	Officer Director	$0	$0	$0
SANDRA LEE ZORNES MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE AUSTIN	PPMH CEO	N/A		$0	$0	$567,757
MICHELLE DOGGETT	CONTROLLER P	50.00	Officer	$154,320	$31,962	$186,282
CARLYLE WALTON	CEO PSMC	50.00	Officer	$0	$105,140	$517,834
SUSAN BRUNS	CNO PSMC	50.00	Officer	$0	$31,456	$245,851
DAWN BENSON	SVP- GENERAL	1.00	Key Emp	$0	$76,877	$732,014
TOMOMI COLQUITT	RN	50.00	Highest	$175,969	$3,528	$179,497
DARRYL HAWKINS	DIRECTOR OF	40.00	Highest	$176,671	$36,975	$213,646
CHRISTY HARDIN	ASST. DIR PH	40.00	Highest	$164,832	$4,719	$169,551
SEAN SHEFF MD	BOARD MEMBER	1.00	Director	$0	$50,202	$460,755
ANGELA HOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNA WINDHAM	RN	50.00	Highest	$187,754	$29,578	$217,332
LORI PAYNE	PHARMACIST	40.00	Highest	$149,549	$43,803	$193,352

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	$126,487,962	$113,758,989	$185,127,850	$12,728,973
2023	$111,286,213	$102,585,967	$172,310,863	$8,700,246
2022	$115,147,577	$103,282,610	$160,506,223	$11,864,967
2021	$104,741,740	$95,428,859	$158,309,975	$9,312,881
2020	$88,058,419	$82,777,811	$148,052,662	$5,280,608
2019	$85,546,411	$76,220,599	$130,344,545	$9,325,812
2018	$79,228,790	$72,645,365	$117,903,093	$6,583,425

PHOEBE SUMTER MEDICAL CENTER INC