Oconee Medical Holdings

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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

1937

Legal Domicile

Phone

8648857634

Tax Period

2023-10-01 to 2024-09-30

Oconee Medical Holdings, founded in 1937, is a mid-sized nonprofit in the Health Care sector that reported $11.2M in total revenue in fiscal year 2023. Revenue surged 200% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.1M, a strong 72% operating margin.

Mission

TO OWN AND OVERSEE THE OPERATION OF THE HOSPITAL PROPERTY

Program Service Accomplishments

Program 1

Expenses: $3,099,322 Revenue: $0

EFFECTIVE OCTOBER 1, 2014 ALL HEALTH CARE AND HOSPITAL OPERATIONS WERE TRANSFERRED TO THE GREENVILLE HEALTH SYSTEM AS LONG TERM LESSEE/NEW OPERATOR PURSUANT TO A LEASE AND CONTRIBUTION AGREEMENT. THE CORPORATION CHANGED ITS NAME TO OCONEE MEDICAL HOLDINGS, AND RETAINS FEE OWNERSHIP AND CONTROL OF THE REAL PROPERTY AND IMPROVEMENTS. THE CORPORATION PROVIDES OVERSIGHT OF THE LESSEE'S USE OF THE PROPERTY TO MEET THE HEALTH CARE NEEDS OF THE COMMUNITY, AND RECEIVES SUPPORT FROM THE LESSEE PURSUANT TO THE LEASE. THE GREENVILLE HEALTH SYSTEM (NOW KNOWN AS THE GREENVILLE HEALTH AUTHORITY) ASSIGNED ITS INTEREST IN THE HEALTH CARE OPERATIONS AND ITS LONG TERM LEASEHOLD INTEREST IN THE CORPORATION'S REAL PROPERTY AND IMPROVEMENTS TO THE UPSTATE AFFILIATE, WHOSE NAME WAS SUBSEQUENTLY CHANGED TO PRISMA HEALTH-UPSTATE, AND WHOM SERVES AS THE CURRENT LESSEE.

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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 $11,225,717

Program Service Revenue $0

Investment Income $-5,339

Other Revenue $0

TOTAL REVENUE $11,220,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,099,322

Other Expenses $3,138,243

TOTAL EXPENSES $3,138,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,220,378	$3,739,162	+2.0%
Expenses	$3,138,243	$2,515,893	+0.2%
Net Income	$8,082,135	$1,223,269	+5.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE HARDING	VICE CHAIRPERSON	0.3	Officer Director	$0	$0	$0
SUSAN STAMEY	SECRETARY/TREASURER	0.3	Officer Director	$0	$0	$0
THEODORE MARTIN DMD	CHAIRMAN	0.3	Officer Director	$0	$0	$0
ANGIE LONG	DIRECTOR	0.3	Director	$0	$0	$0
ANNE MARIE SULLIVAN	DIRECTOR	0.3	Director	$0	$0	$0
CHUCK GaRABADIAN	DIRECTOR	0.3	Director	$0	$0	$0
KYLE THOMAS	DIRECTOR	0.3	Director	$0	$0	$0
TIM HYDRICK	DIRECTOR	0.3	Director	$0	$0	$0
VINCE PIACENTI	DIRECTOR	0.3	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
2024	$11,220,378	$3,138,243	$40,164,982	$8,082,135
2023	$3,739,162	$2,515,893	$32,082,847	$1,223,269
2022	$2,054,105	$2,658,611	$30,859,578	$-604,506
2021	$1,369,419	$2,668,374	$31,464,084	$-1,298,955
2020	No data	$771,088	$40,269,686	No data
2019	$-266,950	$2,945,059	$41,040,774	$-3,212,009
2018	No data	$3,782,158	$43,699,807	No data