Bon Secours Medical Group Greenville Specialty Care LLC (EIN 850988160) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Phone

8642551000

Tax Period

2024-01-01 to 2024-12-31

Bon Secours Medical Group Greenville Specialty Care LLC, founded in 2020, is a major nonprofit in the Health Care sector that reported $155.6M in total revenue in fiscal year 2024. Expenses of $250.6M exceeded revenue, resulting in a 61% operating deficit.

Mission

PROVISION OF SPECIALTY CARE PHYSICIAN SERVICES TO THE RESIDENTS OF GREENVILLE, SOUTH CAROLINA AND SURROUNDING COMMUNITIES WITHOUT REGARD TO ABILITY TO PAY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,974

Program Service Revenue $155,207,334

Investment Income $0

Other Revenue $434,990

TOTAL REVENUE $155,644,298

Expense Breakdown

Grants Paid $431

Salaries & Benefits $177,294,073

Fundraising Expenses $0

Program Expenses $228,037,499

Other Expenses $73,270,949

TOTAL EXPENSES $250,565,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,644,298	$147,592,013	+0.1%
Expenses	$250,565,453	$218,547,923	+0.1%
Net Income	$-94,921,155	$-70,955,910	+0.3%

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

N/A

Employees

910

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

$2,758,487

Total Directors

$8,705,737

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Swords	Co-Chair, Chief Clinical Officer - BSSFHS	15.0	Officer Director	$0	$77,827	$631,529
Jeremy Skoog MD	Co-Chair, Interim COO - BSMG (Beg 08/24)	25.0	Officer Director	$163,881	$41,751	$205,632
MATTHEW CALDWELL	Co-Chair, Market President BSSFHS	10.0	Officer Director	$0	$258,064	$1,398,944
Wayne Fraleigh MD	Board Member, COO - BSMG (End 08/24)	25.0	Officer Director	$237,177	$26,479	$263,656
Christy Sine MD	Board Member, Physician - Pulmonary Medicine	50.0	Director	$612,997	$71,771	$684,768
Cory White MD	Board Member, Physician - Endocrinology/Metabolism	50.0	Director	$437,152	$68,821	$505,973
Joanna Grabska MD	Board Member, Physician - Hematology/Oncology	50.0	Director	$682,433	$34,116	$716,549
Lesley Pickell MD	Board Member, Physician - Obstetrics and Gynecology (End 08/2024)	50.0	Director	$331,028	$16,093	$347,121
Philip Fontenot MD	Board Member, Physician - Urology	50.0	Director	$960,414	$77,169	$1,037,583
Stephen Dyar MD	Board Member, Physician - Hematology/Oncology	50.0	Director	$907,364	$72,944	$980,308
Stephen Ridgeway MD	Board Member, Physician - Orthopedic Surgery	50.0	Director	$1,477,398	$73,478	$1,550,876
Thomas Mann MD	Board Member, Physician - General Surgery	46.0	Director	$341,860	$40,938	$382,798
Wilbur Gay	Director of Finance BSMH Med Group	25.0	Officer	$0	$37,291	$258,726
Dylan Watson MD	Orthopedic Surgeon	50.0	Highest	$1,529,658	$72,927	$1,602,585
Furkan Ertem MD	Gastroenterologist	50.0	Highest	$1,595,556	$64,401	$1,659,957
James Jennings MD	Orthopedic Surgeon	50.0	Highest	$1,562,649	$36,166	$1,598,815
John Womack MD	Orthopedic Surgeon	50.0	Highest	$2,087,940	$73,279	$2,161,219
Matthew Sellers MD	Electrophysicologist	50.0	Highest	$1,755,723	$71,839	$1,827,562

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	$155,644,298	$250,565,453	$24,437,417	$-94,921,155
2023	$147,592,013	$218,547,923	$17,451,883	$-70,955,910
2022	$84,400,469	$109,297,699	$19,279,731	$-24,897,230

Bon Secours Medical Group Greenville Specialty Care LLC