GEORGETOWN MEMORIAL HOSPITAL

EIN: 570341194 501(c)(3) Health Care

Georgetown, SC

Total Revenue
$267,117,739
Total Expenses
$246,540,478
Total Assets
$65,793,414
Net Assets
$53,747,337
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
SC
Phone
8435208617
Tax Period
2023-10-01 to 2024-09-30

GEORGETOWN MEMORIAL HOSPITAL, founded in 1946, is a major nonprofit in the Health Care sector that reported $267.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $246.5M left a modest 8% surplus.

Mission

TO PROVIDE HIGH QUALITY HEALTHCARE TO THE CITIZENS OF GEORGETOWN CO. AND SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $908,282
Program Service Revenue $266,190,683
Investment Income $37,965
Other Revenue $-19,191
TOTAL REVENUE $267,117,739

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $52,179,216
Fundraising Expenses $424,105
Program Expenses $199,923,464
Other Expenses $194,279,712
TOTAL EXPENSES $246,540,478

Year-over-Year Comparison

2023 2022 Change
Revenue $267,117,739 $215,607,441 +0.2%
Expenses $246,540,478 $203,101,052 +0.2%
Net Income $20,577,261 $12,506,389 +0.6%
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

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Governance

Voting Members
17
Independent Members
12
Employees
N/A
Volunteers
74

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
7
$2,357,087
Total Directors
17
$1,215,373
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Marthena Morant Secretary/Treasurer 0.5
Officer Director
$0 $0 $0
Mr Daniel Scheffing Chairman 0.5
Officer Director
$0 $0 $0
Mr Francis B Ford Jr Vice Chairman 0.5
Officer Director
$0 $0 $0
Dr Christine Gerber Trustee & Physician 0.5
Director
$9,048 $0 $18,096
Dr Christopher Bach Trustee & Physician 0.5
Director
$0 $29,091 $1,145,695
Dr Desmond Young Vice Chief of Staff & Physician 0.5
Director
$13,204 $0 $26,408
Dr Michael J Ratliffe Chief of Staff & Physician 0.5
Director
$12,587 $0 $25,174
Mr Dan Stacy Jr Trustee 0.5
Director
$0 $0 $0
Mr J Edward Norris III Trustee 0.5
Director
$0 $0 $0
Mr Julian A Reynolds Jr Trustee 0.5
Director
$0 $0 $0
Mr Mark Nash Trustee 0.5
Director
$0 $0 $0
Mr Robert L Jones Trustee 0.5
Director
$0 $0 $0
Mr Tony Jordan Trustee 0.5
Director
$0 $0 $0
Mr Willie Shelley Jr Trustee 0.5
Director
$0 $0 $0
Ms Judith K Ingle Trustee 0.5
Director
$0 $0 $0
Ray Funnye Trustee 0.5
Director
$0 $0 $0
Tony Cox Trustee 0.5
Director
$0 $0 $0
Bruce Bailey President & CEO 1.0
Officer
$0 $33,807 $733,041
Elizabeth Ward Executive Vice President & CFO 1.0
Officer
$0 $31,588 $528,633
Gayle Resetar EXECUTIVE VICE PRESIDENT & COO 1.0
Officer
$0 $23,093 $490,695
Phil Dulberger Executive Vice President & Chief Physician Executive 1.0
Officer
$0 $29,477 $604,718
Charles Foxworth Pharmacy Manager 20.0
Highest
$83,818 $24,772 $192,408
Darrell Willm Sr Director Pharmacy 28.0
Highest
$154,508 $25,458 $246,184
Kelly Edwards Director Pharmacy 24.0
Highest
$125,469 $22,627 $231,742
Lesley Hastings Sr Director Surgical Svcs 20.0
Highest
$85,891 $24,520 $196,302
Melanie Warren Senior Director 20.0
Highest
$79,560 $19,536 $178,656
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 $267,117,739 $246,540,478 $65,793,414 $20,577,261
2023 $215,607,441 $203,101,052 $409,946,073 $12,506,389
2022 $221,697,740 $193,244,262 $380,747,584 $28,453,478
2021 $212,821,150 $177,567,792 $465,019,345 $35,253,358
2020 $169,776,299 $170,758,731 $444,383,449 $-982,432
2019 $181,983,070 $163,410,004 $401,767,363 $18,573,066
2018 $168,539,088 $151,279,169 $395,921,974 $17,259,919
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