Medical Society of South Carolina

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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

1789

Legal Domicile

Phone

8437891798

Tax Period

2023-01-01 to 2023-12-31

Medical Society of South Carolina, founded in 1789, is a mid-sized nonprofit in the Health Care sector that reported $14.8M in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.3M, a strong 49% operating margin.

Mission

TO IMPROVE THE HEALTH OF OUR COMMUNITY THROUGH CLINICAL EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $6,504,853 Revenue: $5,135,241

- INCOME IS DESIGNATED FOR THE CONTINUING SUPPORT OF THE ROPER ST. FRANCES HEALTHCARE MISSION IN THE COMMUNITY. - THE MEDICAL SOCIETY OF SC PARTICIPATES IN GRANT MAKING PROGRAMS IN THE COMMUNITY...

- INCOME IS DESIGNATED FOR THE CONTINUING SUPPORT OF THE ROPER ST. FRANCES HEALTHCARE MISSION IN THE COMMUNITY. - THE MEDICAL SOCIETY OF SC PARTICIPATES IN GRANT MAKING PROGRAMS IN THE COMMUNITY WHICH PROVIDE FUNDING TO BE USED TOWARDS EDUCATION IN THE MEDICAL FIELD. - IN ADDITION, THE MEDICAL SOCIETY PROVIDES FUNDING FOR UPGRADES AND IMPROVEMENTS TO THE HOSPITAL SYSTEM. - LASTLY, THE MEDICAL SOCIETY PROCURES AND CONSTRUCTS PROPERTIES WHICH ARE UTILIZED BY THE HOSPITAL SYSTEM TO FURTHER ITS MISSION TO HEAL ALL PEOPLE WITH COMPASSION, FAITH, AND EXCELLENCE

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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 $51,182

Program Service Revenue $0

Investment Income $9,606,398

Other Revenue $5,135,247

TOTAL REVENUE $14,792,827

Expense Breakdown

Grants Paid $562,455

Salaries & Benefits $533,630

Fundraising Expenses $0

Program Expenses $6,504,853

Other Expenses $6,423,174

TOTAL EXPENSES $7,519,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,792,827	$46,820,067	-0.7%
Expenses	$7,519,259	$8,216,144	-0.1%
Net Income	$7,273,568	$38,603,923	-0.8%

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

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

$555,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN G CUDDY MD	DIRECTOR	1.0	Officer Director	$0	$0	$0
HENRY C WEST	IMMEDIATE PAST PRESIDENT	1.0	Officer Director	$0	$0	$0
J RICK MCEVOY MD	PRESIDENT	1.0	Officer Director	$0	$0	$0
JONATHAN DONALDSON MD	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
JORGE LAGARES-GARCIA MD	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
DAVID M ELLISON MD	DIRECTOR	1.0	Director	$0	$0	$0
ELEANOR OAKMAN MD	DIRECTOR	1.0	Director	$0	$0	$0
IVESTER JULIUS MD	DIRECTOR	1.0	Director	$0	$0	$0
JOHN MITCHELL MD	DIRECTOR	1.0	Director	$0	$0	$0
JOHN WALTERS MD	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH SANFRANCESCO MD	DIRECTOR	1.0	Director	$0	$0	$0
KAREN WRIGHTEN Dr Edu	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT WOODFIELD MD	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN DATTA MD	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES F RIVERS	CHIEF EXECUTIVE OFFICER	40.0	Officer	$440,404	$26,935	$467,339
MELISSA MCGUIRE	SENIOR EXECUTIVE ASSISTANT	40.0	Officer	$82,255	$6,269	$88,524

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	No data	No data	No data	No data
2023	$14,792,827	$7,519,259	$608,270,408	$7,273,568
2022	$46,820,067	$8,216,144	$559,470,437	$38,603,923
2021	$16,899,363	$9,092,244	$641,115,218	$7,807,119
2020	$9,448,643	$15,230,105	$601,741,378	$-5,781,462
2019	$9,380,810	$10,537,431	$523,897,645	$-1,156,621
2018	$11,700,227	$9,441,666	$499,647,473	$2,258,561