Georgetown, SC
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Sign In — Free (10 views/day)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.
We help people live better lives through better health.
GEORGETOWN MEMORIAL HOSPITAL PROVIDES QUALITY HEALTH CARE AND PROMOTES HEALTH AND WELLNESS TO GEORGETOWN COUNTY AND SURROUNDING AREAS. GEORGETOWN MEMORIAL HOSPITAL IS A 131 BED ACUTE FACILITY LOCATED...
GEORGETOWN MEMORIAL HOSPITAL PROVIDES QUALITY HEALTH CARE AND PROMOTES HEALTH AND WELLNESS TO GEORGETOWN COUNTY AND SURROUNDING AREAS. GEORGETOWN MEMORIAL HOSPITAL IS A 131 BED ACUTE FACILITY LOCATED IN THE CITY OF GEORGETOWN, SOUTH CAROLINA. THE HOSPITAL WAS ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA IN 1946 FOR THE PURPOSE OF OPERATING A COMMUNITY HOSPITAL IN GEORGETOWN COUNTY. PLEASE SEE SCHEDULE O FOR A CONTINUATION OF PROGRAM SERVICE ACCOMPLISHMENTS. THE HOSPITAL WAS CREATED FOR THE PURPOSE OF PROMOTING HEALTH FOR ALL RESIDENTS OF GEORGETOWN COUNTY AND ITS OUTLYING AREAS. THE PROMOTION OF HEALTH HAS BEEN ESTABLISHED AS A CHARITABLE PURPOSE UNDER INTERNAL REVENUE CODE (IRC) SECTION 501 (C)(3). REVENUE RULING 69-545, 1969-2 C.B. 117, AS MODIFIED BY REV. RUL. 83-157, 1983-2 C.B. 94, SETS FORTH THE FACTORS THE INTERNAL REVENUE SERVICES WILL CONSIDER IN DETERMINING WHETHER A NONPROFIT HOSPITAL QUALIFIED FOR TAX EXEMPT STATUS. THE HOSPITAL OPERATES ITS FACILITIES IN A MANNER DESCRIBED IN REV. RUL. 69-545, SUPRA. THE HOSPITAL HAS A BOARD OF TRUSTEES COMPOSED OF INDEPENDENT CIVIC LEADERS AND PHYSICIANS. AN OPEN MEDICAL STAFF IS MAINTAINED BY THE HOSPITAL, WITH PRIVILEGES AVAILABLE TO ALL QUALIFIED PHYSICIANS. ALSO, THE HOSPITAL PROVIDES EMERGENCY AND NON-EMERGENCY CARE TO ANYONE REGARDLESS OF THEIR ABILITY TO PAY, EITHER DIRECTLY OR THROUGH THIRD PARTY REIMBURSEMENT, INCLUDING MEDICARE AND MEDICAID. DURING THE YEAR ENDED SEPTEMBER 30, 2024, THE HOSPITAL FURNISHED CHARITY CARE IN THE AMOUNT OF $24,013,285. IN ADDITION TO PROVIDING PATIENT CHARITY CARE, AND IN FURTHERANCE OF ITS EXEMPT PURPOSE TO BENEFIT THE COMMUNITY, THE HOSPITAL PROVIDES CAR SEATS TO FAMILIES AND NEWBORN INFANTS WHO DO NOT PRESENTLY HAVE OR CANNOT AFFORD TO PURCHASE ONE. IN ADDITION, THE HOSPITAL PROVIDES FREE TAXI SERVICE THROUGH AN AUXILIARY ORGANIZATION FOR INDIVIDUALS THAT CANNOT AFFORD OR ARRANGE FOR TRANSPORTION TO THEIR RESIDENCE OR HEALTHCARE SERVICE. THE HOSPITAL ALSO PARTICIPATES IN STATE PROGRAMS SUCH AS THE BEST CHANCE NETWORK, WHICH TARGETS LOW-INCOME WOMEN FOR PREVENTATIVE HEALTHCARE TESTING. THE HOSPITAL IS PART OF THE GEORGETOWN HOSPITAL SYSTEM WHICH PERIODICALLY CONDUCTS VARIOUS COMMUNITY OUTREACH, SCREENING, AND EDUCATIONAL PROGRAMS. AMONG THESE ARE CHOLESTEROL AND BLOOD PRESSURE SCREENINGS, PERIODIC HEALTH FAIRS HELD THROUGHOUT THE SERVICE AREA WHICH OFFER A VARIETY OF HEALTH-RELATED INFORMATION AND SCREENINGS, SUCH AS GLUCOSE, CHOLESTEROL, BLOOD PRESSURE, BODY FAT ANALYSIS, AND A LABORATORY BLOOD PROFILE. THE HOSPITAL SYSTEM'S COMMUNITY EDUCATION PROGRAM CONDUCTS A VARIETY OF CLASSES AND LECTURE OPEN TO THE PUBLIC, INCLUDING CPR, WEIGHT CONTROL, SMOKING CESSATION, CHILDBIRTH EDUCATION, PRE-NATAL AND INFANT NUTRITION, AND OTHERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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