SOUTH GEORGIA MEDICAL CENTER FOUNDATION INC

EIN: 581329691 501(c)(3)

VALDOSTA, GA

Total Revenue
$4,653,521
Total Expenses
$5,656,543
Total Assets
$6,691,361
Net Assets
$6,690,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
GA
Principal Officer
HILARY GIBBS
Phone
2294331077
Tax Period
2024-01-01 to 2024-12-31

SOUTH GEORGIA MEDICAL CENTER FOUNDATION INC, founded in 1978, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SUPPORT PUBLIC HEALTHCARE BY PROVIDING SUPPORT TO OR FOR THE BENEFIT OF THE HOSPITAL AUTHORITY OF VALDOSTA AND LOWNDES COUNTY GEORGIA DBA SOUTH GEORGIA MEDICAL CENTER (AUTHORITY) AND OTHER HEALTH CARE ORGANIZATIONS EXEMPT UNDER IRC SECTIONS 501(C)(3) THAT SUPPORT THE MISSION OF THE AUTHORITY.

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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 $3,806,932
Program Service Revenue $0
Investment Income $695,031
Other Revenue $151,558
TOTAL REVENUE $4,653,521

Expense Breakdown

Grants Paid $5,656,543
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,656,543
Other Expenses $0
TOTAL EXPENSES $5,656,543

Year-over-Year Comparison

2024 2023 Change
Revenue $4,653,521 $2,435,687 +0.9%
Expenses $5,656,543 $959,629 +4.9%
Net Income $-1,003,022 $1,476,058 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
7
$2,069,824
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD DEAN CEO 2.00
Officer
$0 $76,627 $1,092,616
JOHN MOORE CFO 2.00
Officer
$0 $74,573 $610,892
HILARY GIBBS CDO 40.00
Officer
$0 $65,930 $366,316
JOE BROWNLEE BOARD MEMBER 1.00
Director
$0 $0 $0
BEN COPELAND BOARD MEMBER 1.00
Director
$0 $0 $0
MAGGIE DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH FLAIL BOARD MEMBER 1.00
Director
$0 $0 $0
SUZAN PRINCE GARNETT BD MBR (TERM N/A
Officer Director
$0 $0 $0
HAYDEN HANCOCK CHAIR 1.00
Officer Director
$0 $0 $0
BO LOVEIN SECRETARY 1.00
Officer Director
$0 $0 $0
CHARLES HOBBY MD BD MBR (12/2 N/A
Director
$0 $0 $0
BRIAN DAWSON MD TREAS. (TERM N/A
Officer Director
$0 $0 $0
LEE MACKEY BOARD MEMBER 1.00
Director
$0 $0 $0
BROC MCDOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DAL MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
PAT MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
KEN MORRISON BOARD MEMBER 1.00
Director
$0 $0 $0
ORA MORRISON BOARD MEMBER 1.00
Director
$0 $0 $0
JAN NEWTON BD MBR (TERM N/A
Director
$0 $0 $0
JASON SHAW BOARD MEMBER 1.00
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 $4,653,521 $5,656,543 $6,691,361 $-1,003,022
2023 $2,435,687 $959,629 $7,508,596 $1,476,058
2022 $1,153,118 $400,666 $4,273,525 $752,452
2022 $1,869,858 $218,309 $5,489,526 $1,651,549
2021 $887,974 $1,153,480 $3,973,751 $-265,506
2020 $2,753,540 $2,608,516 $3,690,749 $145,024
2019 $984,572 $806,895 $3,580,009 $177,677
2018 $640,601 $419,575 $3,430,736 $221,026
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