ST LUKES FREE MEDICAL CLINIC OF SPARTANBURG INC

EIN: 570943232 501(c)(3) Health Care

SPARTANBURG, SC

Total Revenue
$17,902,412
Total Expenses
$18,099,444
Total Assets
$2,813,760
Net Assets
$2,812,556
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
SC
Principal Officer
GRETCHEN SMITH
Phone
8645422273
Tax Period
2024-01-01 to 2024-12-31

ST LUKES FREE MEDICAL CLINIC OF SPARTANBURG INC, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $17.9M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S MISSION IS TO CHANGE THE LIVES OF SPARTANBURG COUNTY RESIDENTS WHO LACK ACCESS TO HEALTHCARE BY PROVIDING A COLLABORATIVE, COMPASSIONATE AND INNOVATIVE MEDICAL HOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,768,308
Program Service Revenue $0
Investment Income $34,501
Other Revenue $99,603
TOTAL REVENUE $17,902,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $819,774
Fundraising Expenses $59,201
Program Expenses $17,897,975
Other Expenses $17,279,670
TOTAL EXPENSES $18,099,444

Year-over-Year Comparison

2024 2023 Change
Revenue $17,902,412 $18,232,251 0.0%
Expenses $18,099,444 $18,292,914 0.0%
Net Income $-197,032 $-60,663 +2.2%
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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Governance

Voting Members
10
Independent Members
10
Employees
19
Volunteers
177

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
4
$0
Total Directors
8
$73,258
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA WHITNEY EXECUTIVE DIRECTOR 40.00
Director
$32,165 $0 $32,165
MARC BINGHAM MD BOARD MEMBER 1.30
Director
$0 $0 $0
THE REV ROB BROWN BOARD MEMBER 1.30
Director
$0 $0 $0
BLAIR CLEMENTSON MD BOARD MEMBER 1.30
Director
$0 $0 $0
BETHANY COBB BOARD MEMBER 1.30
Director
$0 $0 $0
ELIZABETH COLE PHD BOARD MEMBER 1.30
Director
$0 $0 $0
ELIZABETH ORR BOARD MEMBER 1.30
Director
$0 $0 $0
GRETCHEN SMITH EXECUTIVE DIRECTOR 40.00
Director
$41,093 $0 $41,093
PARKES B COGGINS MHA CHAIRMAN 1.30
Officer
$0 $0 $0
ALEXIS M STONER PHD MPH VICE CHAIRMAN 1.30
Officer
$0 $0 $0
SHIRLEATHA DUNLAP PHD TREASURER 1.30
Officer
$0 $0 $0
HOLLIS INABINET SECRETARY 1.30
Officer
$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 $17,902,412 $18,099,444 $2,813,760 $-197,032
2023 $18,232,251 $18,292,914 $2,846,143 $-60,663
2022 $16,585,640 $16,753,490 $2,739,903 $-167,850
2021 $16,320,190 $15,996,287 $3,163,045 $323,903
2020 $16,480,993 $16,470,156 $2,818,269 $10,837
2019 $15,759,503 $15,758,039 $2,584,289 $1,464
2018 $12,315,656 $12,448,353 $2,379,475 $-132,697
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