South Carolina Hospital Association

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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

1958

Legal Domicile

Phone

8037963080

Tax Period

2023-01-01 to 2023-12-31

South Carolina Hospital Association, founded in 1958, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 279% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

LEADING SOUTH CAROLINA TO A BETTER STATE OF HEALTH.

Program Service Accomplishments

Program 1

SCHA PROVIDES SUPPORT SERVICES INCLUDING REPRESENTATION, ADVOCACY, EDUCATION, CONSULTATION, AND COMMUNICATIONS. SCHA SERVES APPROXIMATELY 65,000 FULL-TIME EMPLOYEES AND 83 INSTITUTIONAL MEMBER...

SCHA PROVIDES SUPPORT SERVICES INCLUDING REPRESENTATION, ADVOCACY, EDUCATION, CONSULTATION, AND COMMUNICATIONS. SCHA SERVES APPROXIMATELY 65,000 FULL-TIME EMPLOYEES AND 83 INSTITUTIONAL MEMBER HOSPITALS. DURING 2023, SCHA PRESENTED EDUCATIONAL PROGRAMS COVERING THE FOLLOWING TOPICS: RECRUITMENT & RETENTION, REQUIREMENTS OF GOVERNMENT REGULATIONS, PATIENT SAFETY, CULTURAL DIVERSITY, THIRD PARTY REIMBURSEMENT, REENGINEERING, DSH, AND CERTIFICATES OF NEED. SCHA PROMOTES THE WELFARE OF THE PEOPLE OF SOUTH CAROLINA BY PROVIDING FOR THE DEVELOPMENT, IMPROVEMENT, AND PERPETUATION OF HOSPITALS AND PROMOTING HIGHER STANDARDS OF PATIENT CARE.

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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 $82,042

Program Service Revenue $4,254,175

Investment Income $454,069

Other Revenue $28,817

TOTAL REVENUE $4,819,103

Expense Breakdown

Grants Paid $36,182

Salaries & Benefits $4,841,511

Fundraising Expenses $0

Program Expenses $0

Other Expenses $532,179

TOTAL EXPENSES $5,409,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,819,103	$1,270,941	+2.8%
Expenses	$5,409,872	$6,116,239	-0.1%
Net Income	$-590,769	$-4,845,298	-0.9%

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

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

$1,360,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Holstein	Immediate Past-Chair	1.0	Officer Director	$0	$0	$0
Gayle Resetar	Chair-Elect	1.0	Officer Director	$0	$0	$0
Mark O'Halla	Chair	1.0	Officer Director	$0	$0	$0
William Kinley	Treasurer	1.0	Officer Director	$0	$0	$0
Bruce Bailey	Board Member	4.0	Director	$0	$0	$0
Donna Isget	Board Member	1.0	Director	$0	$0	$0
Fulton Ervin	Board Member	1.0	Director	$0	$0	$0
Hugh Tappan	Board Member	1.0	Director	$0	$0	$0
Jeff DiLisi	Board Member	1.0	Director	$0	$0	$0
John Mansure	Board Member	5.0	Director	$0	$0	$0
John Miller	Board Member	9.0	Director	$0	$0	$0
John Willingham	Board Member	1.0	Director	$0	$0	$0
JR Green	Board Member	3.0	Director	$0	$0	$0
Juana Slade	Board Member	1.0	Director	$0	$0	$0
Kristin Manske	Board Member	1.0	Director	$0	$0	$0
Lari Gooding	Board Member	1.0	Director	$0	$0	$0
Matt Caldwell	Board Member	1.0	Director	$0	$0	$0
Matt Logan MD	Board Member	1.0	Director	$0	$0	$0
Pat Cawley MD	Board Member	1.0	Director	$0	$0	$0
Rebecca Jolley	Board Member	6.0	Director	$0	$0	$0
Russell Baxley	Board Member	1.0	Director	$0	$0	$0
Scott Isaacks	Board Member	8.0	Director	$0	$0	$0
Shaniece Criss	Board Member	2.0	Director	$0	$0	$0
Tony Derrick	Board Member	7.0	Director	$0	$0	$0
Melanie Matney	COO	40.0	Officer	$156,821	$40,241	$333,283
Thornton Kirby	CEO	40.0	Officer	$816,073	$211,091	$1,027,164
Albert Cameron	VP, Marketing	40.0	Highest	$195,000	$19,500	$214,500
Allan Stalvey	VP, Policy	40.0	Highest	$201,769	$14,124	$215,893
Barney Osbourne	VP, Finance & Reimbursement	40.0	Highest	$126,449	$20,963	$147,412
Erin Boyce	VP, Finance	40.0	Highest	$191,845	$19,184	$211,029
Lara Hewitt	VP, Member Engagement & Education	40.0	Highest	$203,126	$31,181	$234,307

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	$4,819,103	$5,409,872	$21,176,898	$-590,769
2022	$1,270,941	$6,116,239	$22,907,689	$-4,845,298
2021	$7,448,077	$6,761,886	$28,488,134	$686,191
2020	$5,218,897	$6,304,288	$26,767,504	$-1,085,391
2019	$5,836,401	$5,793,550	$25,620,142	$42,851
2018	$21,597,755	$5,533,857	$23,386,568	$16,063,898