Bon Secours-St Francis Xavier Hospital Inc

EIN: 571067254 501(c)(3) Health Care

Charleston, SC

Total Revenue
$580,490,773
Total Expenses
$477,864,348
Total Assets
$329,412,705
Net Assets
$289,527,118
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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
1998
Legal Domicile
SC
Phone
8437242958
Tax Period
2023-01-01 to 2023-12-31

Bon Secours-St Francis Xavier Hospital Inc, founded in 1998, is a major nonprofit in the Health Care sector that reported $580.5M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102.6M, a strong 18% operating margin.

Mission

Healing all people with compassion, faith, and excellence.

Program Service Accomplishments

Program 1
Expenses: $429,796,154 Revenue: $578,863,111

Known for compassionate, quality health care, Bon Secours St. Francis Xavier Hospital traces its mission back to 1882 when five Sisters of Charity of Our Lady of Mercy opened St. Francis Infirmary in...

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Known for compassionate, quality health care, Bon Secours St. Francis Xavier Hospital traces its mission back to 1882 when five Sisters of Charity of Our Lady of Mercy opened St. Francis Infirmary in downtown Charleston as the first Catholic medical center in the state. Bon Secours St. Francis Xavier Hospital offers the latest medical technology and comprehensive acute care while honoring its commitment to caring for the "whole person" - physically, spiritually and emotionally. In 2023, Bon Secours St. Francis Xavier Hospital contributed $13.2 million in community benefit.

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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 $802,581
Program Service Revenue $578,863,111
Investment Income $64,439
Other Revenue $760,642
TOTAL REVENUE $580,490,773

Expense Breakdown

Grants Paid $17,781
Salaries & Benefits $110,169,813
Fundraising Expenses $0
Program Expenses $429,796,154
Other Expenses $367,676,754
TOTAL EXPENSES $477,864,348

Year-over-Year Comparison

2023 2022 Change
Revenue $580,490,773 $309,301,173 +0.9%
Expenses $477,864,348 $267,859,029 +0.8%
Net Income $102,626,425 $41,442,144 +1.5%
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
12
Independent Members
4
Employees
1555
Volunteers
119

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
9
$7,596,183
Total Directors
14
$7,797,217
Key Employees
3
$1,525,468
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair, Neurosurgeon - RSFPP 0.5
Officer Director
$0 $87,723 $1,007,321
N/A Vice Chair, BSMH Chief Clinical Officer 0.5
Officer Director
$0 $480,287 $2,330,731
N/A Board Member; Chief Sponsorship Officer - BSMH 0.5
Director
$0 $13,452 $538,075
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (Beg 08/23), Physician 0.5
Director
$0 $90,218 $962,847
N/A Board Member (Beg 05/23; End 08/23), Physician 0.5
Director
$0 $45,530 $449,952
N/A Board Member; BSMH Chief HR Officer 0.5
Director
$0 $246,789 $1,578,112
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member (End 05/23) 0.5
Director
$0 $0 $0
N/A Board Member 0.5
Director
$0 $0 $0
N/A Board Member, Physician 0.5
Director
$0 $48,914 $505,433
N/A Board Member, Internist - RSFPP 0.5
Director
$0 $77,370 $424,746
N/A CFO/Treasurer RSFH (End 09/23) 1.0
Officer
$0 $41,442 $528,426
N/A Interim CFO/Treasurer (Beg 09/23) 1.0
Officer
$0 $56,738 $485,467
N/A President/CEO RSFH (End 12/23) 1.0
Officer
$0 $93,814 $1,199,591
N/A SVP AND COO 1.0
Officer
$0 $119,276 $653,715
N/A VP Chief Transformation Officer; Regional President - BSSF/MPH 10.0
Officer
$0 $101,452 $561,513
N/A Interim President/CEO (Beg 12/23) 0.5
Officer
$0 $67,568 $760,277
N/A Senior Mission Officer (Beg 09/23) 1.0
Officer
$0 $4,447 $69,142
N/A VP CMO - Acute Care 10.0
Key Emp
$0 $136,531 $735,147
N/A Chief Nursing Officer - BSSF 50.0
Key Emp
$238,684 $34,484 $273,168
N/A VP Post Acute Care Services (End 03/23) 8.0
Key Emp
$0 $93,603 $517,153
N/A Oncology/Hematology 50.0
Highest
$877,535 $45,659 $923,194
N/A Oncology/Hematology 50.0
Highest
$847,082 $32,291 $879,373
N/A Oncology/Hematology 50.0
Highest
$1,120,517 $86,626 $1,207,143
N/A Oncology/Hematology 50.0
Highest
$919,717 $84,322 $1,004,039
N/A Oncology/Hematology 50.0
Highest
$1,190,074 $85,483 $1,275,557
N/A FORMER VP & CEO Acute Care Services 0.0
$0 $0 $195,643
N/A Former Interim CFO/Treasurer 0.0
$0 $41,051 $326,309
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 $580,490,773 $477,864,348 $329,412,705 $102,626,425
2022 $309,301,173 $267,859,029 $470,647,138 $41,442,144
2021 $277,665,549 $229,806,945 $446,735,498 $47,858,604
2020 $251,387,354 $204,057,047 $383,224,246 $47,330,307
2019 $254,576,725 $200,395,903 $284,113,937 $54,180,822
2018 $241,629,145 $195,073,590 $287,931,821 $46,555,555
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