MUSC STRATEGIC VENTURES

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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

2015

Legal Domicile

Principal Officer

PATRICK CAWLEY

Phone

8437924000

Tax Period

2022-07-01 to 2023-06-30

MUSC STRATEGIC VENTURES, founded in 2015, is a community nonprofit in the Health Care sector that reported $5.3M in total revenue in fiscal year 2022. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 25% operating margin.

Mission

TO PROMOTE AND SUPPORT THE EDUCATIONAL, MEDICAL, SCIENTIFIC AND RESEARCH PURPOSES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "MUSC", AND UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "UMA", INCLUDING THEIR COLLABORATIONS WITH MEDICAL UNIVERSITY HOSPITAL AUTHORITY "MUHA; TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE TAX-EXEMPT PURPOSES OF MUSC AND UMA, AND ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA; ANDTO PROMOTE, ESTABLISH, CONDUCT AND MAINTAIN ACTIVITIES ON ITS OWN BEHALF, OR IN COLLABORATIONS OR VENTURES WITH OTHERS, AS SUCH MAY CONTRIBUTE TO OR OTHERWISE SUPPORT AND ASSIST MUSC OR UMA, OR ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA, ALL IN ACCORDANCE WITH LAW AND REQUIREMENTS UNDER THE MEANING OF SECTION 501(C)(3) OF THE IRC AND SHALL NOT CARRY ON ANY ACTIVITY NOT PERMITTED UNDER SUCH STATUTE.

Program Service Accomplishments

Program 1

Expenses: $1,645,390 Revenue: $1,695,306

MUSC STRATEGIC VENTURES WILL PERFORM FUNCTIONS THAT WOULD OTHEWISE HAVE TO BE PERFOREMD BY MUSC AND UMA WHICH WILL INVOLVE DETERMINING AND IMPLEMENTING STRATEGIES THAT ENABLE MUSC AND UMA (ALONG WITH MUHA) TO COLLECTIVELY COLLABORATE WITH HIGH QUALITY AFFILIATED HEALTH CARE PROVIDERS; PROVIDE EDUCATION WITH RESPECT TO HEALTH CARE TO COMMUNITIES AND PROVIDERS; IMPROVE ACCESS TO HIGH QUALITY HEALTH CARE FOR THE CITIZENRY OF SOUTH CAROLINA; ESTABLISH AND DEEPEN RELATIONSHIPS WITH MUSC AND UMA AFFILIATES; OPTOMIZE STATE-OF-THE-ART INFORMATION TECHNOLOGY AND COMMUNICATIONS SYSTEMS TO LEVERAGE EXPERTISE; UTILIZE PERFORMANCE IMPROVEMENT METHODOLOGIES TO ACHIEVE OPTIMAL OUTCOMES FOR POPULATIONS; AND GENERALLY DRIVE OTHER INITIATIVES TO PROMOTE THE SHARED MISSION OF MUSC AND UMA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,695,306

Investment Income $1,660,313

Other Revenue $1,901,109

TOTAL REVENUE $5,256,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,645,390

Other Expenses $3,962,839

TOTAL EXPENSES $3,962,839

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,256,728	$3,989,748	+0.3%
Expenses	$3,962,839	$3,864,245	+0.0%
Net Income	$1,293,889	$125,503	+9.3%

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

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

$1,155,711

Total Directors

$4,058,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON JOHNSON II	CHAIR & DIRECTOR	3.00	Director	$0	$500	$500
CHARLES SCHULZE	DIRECTOR	2.00	Director	$0	$500	$500
JAMES LEMON	DIRECTOR	2.00	Director	$0	$500	$500
DONNA JOHNSON	DIRECTOR	2.00	Director	$0	$63,381	$682,225
RICHARD CHRISTIAN	DIRECTOR	2.00	Director	$0	$500	$500
TERRY STEYER	DIRECTOR	2.00	Director	$0	$12,808	$593,990
DAVID COLE	DIRECTOR	2.00	Director	$0	$11,332	$1,425,436
PATRICK CAWLEY	CEO & DIRECTOR	10.00	Officer Director	$0	$39,780	$1,155,711
KATHERINE HALTIWANGER	SECRETARY	2.00	Director	$0	$12,141	$199,330

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,256,728	$3,962,839	$104,807,844	$1,293,889
2022	$3,989,748	$3,864,245	$107,197,996	$125,503
2021	$5,629,463	$2,679,400	$67,786,628	$2,950,063
2020	$3,572,579	$3,027,528	$60,011,294	$545,051
2019	$8,461,143	$2,519,511	$69,539,965	$5,941,632
2018	$7,292,776	$4,244,687	$63,786,551	$3,048,089