CHARLESTON COUNTY MEDICAL SOCIETY

EIN: 570333066

CHARLESTON, SC

Total Revenue
$537,306
Total Expenses
$95,102
Total Assets
$508,857
Net Assets
$508,857
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
SC
Principal Officer
DONNA RAMICONE
Phone
8435773613
Tax Period
2024-07-01 to 2025-06-30

CHARLESTON COUNTY MEDICAL SOCIETY, founded in 1952, is a small nonprofit that reported $537K in total revenue in fiscal year 2024. Revenue surged 603% from the prior year, signaling strong growth momentum. The organization ran a surplus of $442K, a strong 82% operating margin.

Mission

This older society was established in Charleston in 1789 with a view to developing a statewide membership. In 1848 it became one of the component district societies, which made up the South Carolina Medical Association (SCMA). When the districts of the state were divided into counties, the Medical Society of South Carolina assumed the status of a county society.In this capacity it continued to function until 1951. In that year the complexities of managing Roper Hospital, which it owned, had become sufficiently great enough that a new and independent group dedicated entirely to the organizational affairs of physicians and their patients was needed.The Charleston County Medical Society was created for that purpose and replaced the older society as the local unit of the South Carolina Medical Association while the Medical Society of South Carolina has continued to operate Roper Hospital, The SCMA is,in turn, a component of the American Medical Association (AMA). Thus it is through the loc

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,724
Investment Income $498,316
Other Revenue $3,266
TOTAL REVENUE $537,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,073
Fundraising Expenses $0
Program Expenses $10,553
Other Expenses $68,029
TOTAL EXPENSES $95,102

Year-over-Year Comparison

2024 2023 Change
Revenue $537,306 $76,446 +6.0%
Expenses $95,102 $86,585 +0.1%
Net Income $442,204 $-10,139 -44.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
14
$25,083
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA RAMICONE Executive Dir. 20.00
Officer
$16,083 $0 $16,083
TRACEY WARING Prev. Exec. Dir 20.00
Officer
$9,000 $0 $9,000
JUSTINE DeCASTRO MD President-Elect 1.00
Officer Director
$0 $0 $0
NATALIE FRIEDIN MD Trustee 1.00
Officer Director
$0 $0 $0
KAY DURST MD President 1.00
Officer Director
$0 $0 $0
CLEAVE HAM MD Trustee 1.00
Officer Director
$0 $0 $0
CHUMA OBINEME MD Trustee 1.00
Officer Director
$0 $0 $0
MARCELO HOCHMAN MD Trustee 1.00
Officer Director
$0 $0 $0
HEIDI WILLIAMS MD Trustee 1.00
Officer Director
$0 $0 $0
JANICE KEY MD Trustee 1.00
Officer Director
$0 $0 $0
KATHARYN OUZTS MD Trustee 1.00
Officer Director
$0 $0 $0
THADDEUS J BELL MD Trustee 1.00
Officer Director
$0 $0 $0
JAMES TOLLEY MD Trustee 1.00
Officer Director
$0 $0 $0
ANDRE UFLACKER MD Trustee 1.00
Officer Director
$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 $537,306 $95,102 $508,857 $442,204
2020 $405,376 $395,399 $39,178 $9,977
2020 $405,376 $395,399 $39,178 $9,977
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