Greenville Health Corporation

EIN: 570835816 501(c)(3) Health Care

GREENVILLE, SC

Total Revenue
$196,336,616
Total Expenses
$225,617,346
Total Assets
$59,154,810
Net Assets
$42,138,470
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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
1997
Legal Domicile
SC
Phone
8647977805
Tax Period
2023-10-01 to 2024-09-30

Greenville Health Corporation, founded in 1997, is a major nonprofit in the Health Care sector that reported $196.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $225.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.

Program Service Accomplishments

Program 1
Expenses: $217,469,314 Revenue: $195,824,751

GREENVILLE HEALTH CORPORATION (GHC) OPERATES THIRTEEN RETAIL PHARMACIES AND ONE SPECIALTY PHARMACY AS WELL AS A DURABLE MEDICAL EQUIPMENT, ORTHOTICS, AND PROSTHETICS BUSINESS. GHC ALSO HAS INTERESTS...

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GREENVILLE HEALTH CORPORATION (GHC) OPERATES THIRTEEN RETAIL PHARMACIES AND ONE SPECIALTY PHARMACY AS WELL AS A DURABLE MEDICAL EQUIPMENT, ORTHOTICS, AND PROSTHETICS BUSINESS. GHC ALSO HAS INTERESTS IN THREE JOINT VENTURES THAT WERE FORMED TO PROVIDE PHYSICAL THERAPY, GROUP PURCHASING, AND HEALTHCARE INCLUDING AMBULATORY SURGERY SERVICES.

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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 $0
Program Service Revenue $188,270,217
Investment Income $511,865
Other Revenue $7,554,534
TOTAL REVENUE $196,336,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,174,456
Fundraising Expenses $0
Program Expenses $217,469,314
Other Expenses $204,442,890
TOTAL EXPENSES $225,617,346

Year-over-Year Comparison

2023 2022 Change
Revenue $196,336,616 $171,843,949 +0.1%
Expenses $225,617,346 $196,801,780 +0.1%
Net Income $-29,280,730 $-24,957,831 +0.2%
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
3
Independent Members
N/A
Employees
330
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
3
$3,717,774
Total Directors
3
$3,717,774
Key Employees
9
$12,701,577
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela A Orsky Vice President 1.0
Officer Director
$0 $134,450 $1,050,252
Larry D Gosnell Secretary and Treasurer 1.0
Officer Director
$0 $149,730 $846,297
Matthew M Elsey President 1.0
Officer Director
$0 $73,573 $1,821,225
Alexander D Gladney EVP Chief Legal Officer 1.0
Key Emp
$0 $23,225 $355,904
Amy E Linsin EVP Chief HR and Diversity Officer 1.0
Key Emp
$0 $173,850 $1,388,176
Clarence M Sevillian II EVP Chief Operating Officer 1.0
Key Emp
$0 $312,799 $2,129,208
James H Lucas SVP Government Affairs 1.0
Key Emp
$0 $65,319 $720,826
Jonathan L Gleason MD EVP Chief Clinical Officer 1.0
Key Emp
$0 $245,207 $1,805,285
Malcolm W Isley EVP Chief Strategy Officer 1.0
Key Emp
$0 $225,387 $939,814
Mark S O'Halla President and CEO of Prisma Health 1.0
Key Emp
$0 $746,715 $2,934,885
Richard J Rogers SVP Chief Information Officer 1.0
Key Emp
$0 $154,708 $1,522,981
William C Gerard MD EVP Value Based Care/CMO Prisma Health Plans/CEO inVio Health Networks 1.0
Key Emp
$0 $144,322 $904,498
Charles R Sanders III Manager, Pharmacy 40.0
Highest
$214,786 $36,833 $251,619
Heather M Kundert Manager, Pharmacy 40.0
Highest
$199,923 $51,351 $251,274
Margaret M Brennan Manager, Pharmacy 40.0
Highest
$194,769 $46,522 $241,291
Roger D Blackwell Manager, Pharmacy 40.0
Highest
$216,920 $65,918 $282,838
Steven R Ranck Dir-Pharmacy-Amb, Outpatient & Specialty 40.0
Highest
$272,655 $57,917 $330,572
Carolyn R Swinton Frmr SVP Chief Nursing Officer (until 2/7/22) 0.0
$0 $0 $215,457
Elizabeth Tibbs Frmr SVP Chief Operating Officer, Medical Group (until 10/4/23) 0.0
$0 $95,918 $1,005,629
Gregory J Rusnak Frmr EVP Chief Operating Officer (until 10/1/21) 0.0
$0 $106,080 $621,743
Howard P West Frmr EVP Chief Legal Officer (until 9/30/23) 0.0
$0 $78,966 $1,965,578
Jean M Meyer Frmr SVP-Acute Care Svcs & Chief Nursing Exec (until 9/30/23) 0.0
$0 $215,159 $1,600,249
Michael T Burke Frmr President (until 9/30/22) 0.0
$0 $9,150 $926,532
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 $196,336,616 $225,617,346 $59,154,810 $-29,280,730
2023 $171,843,949 $196,801,780 $84,547,577 $-24,957,831
2022 $137,052,066 $160,648,121 $63,289,257 $-23,596,055
2021 $120,657,532 $140,107,891 $64,539,345 $-19,450,359
2020 $109,448,130 $104,423,880 $61,748,631 $5,024,250
2019 $86,955,944 $84,622,852 $51,196,627 $2,333,092
2018 $72,398,103 $74,364,060 $83,524,594 $-1,965,957
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