Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $30,000,000

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $56,995,727 · related or exempt $56,995,727

• 2b · Program service revenue: OTHER RELATED SERVICES

  total $348 · related or exempt $348

• 3 · Investment income

  total $259 · excluded $259

• 11a · Other revenue: GAIN ON RELATED INVESTMENT

  total $2,909,525 · related or exempt $2,909,525

• 11e · Other revenue, total

  $2,909,525

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,013,176 · program services $1,013,176

• 7 · Other salaries and wages

  total $70,006,076 · program services $69,581,990 · management and general $424,086

• 8 · Pension plan contributions

  total $2,124,669 · program services $2,095,674 · management and general $28,995

• 9 · Other employee benefits

  total $4,738,761 · program services $4,674,091 · management and general $64,670

• 10 · Payroll taxes

  total $3,268,628 · program services $3,224,021 · management and general $44,607

• 11a · Fees: management

  total $124,706 · program services $124,706

• 11b · Fees: legal

  total $679,912 · management and general $679,912

• 11c · Fees: accounting

  total $13,312 · management and general $13,312

• 11g · Fees: other

  total $7,356,517 · management and general $7,356,517

• 12 · Advertising and promotion

  total $127,474 · management and general $127,474

• 13 · Office expenses

  total $6,929,770 · program services $5,488,705 · management and general $1,441,065

• 16 · Occupancy

  total $545,049 · program services $545,049

• 17 · Travel

  total $352,376 · program services $330,890 · management and general $21,486

• 22 · Depreciation, depletion and amortization

  total $2,571,042 · program services $2,430,803 · management and general $140,239

• 23 · Insurance

  total $2,343,617 · program services $2,229,911 · management and general $113,706

• 24a · Other expenses: MEDICAL SUPPLIES

  total $6,247,604 · program services $6,247,604

• 24b · Other expenses: BAD DEBTS EXPENSE

  total $638,074 · program services $638,074

• 24c · Other expenses: RECRUITMENT

  total $73,671 · management and general $73,671

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $5,054 · program services $4,907 · management and general $147

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $279,033 · end of year $30,568,823

• 4 · Accounts receivable

  beginning of year $11,221,865 · end of year $10,322,323

• 8 · Inventories for sale or use

  beginning of year $293,620 · end of year $44,888

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,092,789 · end of year $1,230,335

• 10a · Land, buildings and equipment: cost or other basis

  $20,177,705

• 10b · Land, buildings and equipment: accumulated depreciation

  $11,912,146

• 10c · Land, buildings and equipment, net

  beginning of year $10,624,489 · end of year $8,265,559

• 13 · Investments: program-related

  beginning of year $25,120,474 · end of year $22,200,090

• 14 · Intangible assets

  beginning of year $1,557,801 · end of year $1,557,801

• 15 · Other assets

  beginning of year $25,561,965 · end of year $33,212,127

• 17 · Accounts payable and accrued expenses

  beginning of year $15,849,107 · end of year $20,220,322

• 25 · Other liabilities

  beginning of year $0 · end of year $2,017,563

• 27 · Net assets without donor restrictions

  beginning of year $59,902,929 · end of year $85,164,061

The filer's explanations (Part III)

PART I, LINE 4B

ALL ELC MEMBERS (BRUCE BAILEY, GAYLE RESETAR, BETH WARD, PHILIP DULBERGER, & GERALD HARMON) WERE ENROLLED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN BEGINNING 10/1/2018. BRUCE, BETH, GAYLE & PHIL ARE ENROLLED IN A SPLIT DOLLAR LIFE INSURANCE PLAN. DR. HARMON RECEIVES A RETENTION BONUS EACH YEAR (INCLUDED IN COMPENSATION). JEREMY STEPHENS HAS BEEN ENROLLED IN THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN BEGINNING WITH FISCAL YEAR 2024. THE ORGANIZATION DEPOSITED FUNDS INTO A LIFE INSURANCE POLICY ON THE PARTICIPANT'S LIFE. DURING LIFE, AND SUBJECT TO THE POLICY GENERATING SUFFICIENT VALUES, THE PARTICIPANT CAN BORROW FROM THE POLICY. AT DEATH, THE ORGANIZATION RECOVERS ITS PREMIUMS PLUS INTEREST PLUS ADDITIONAL KEY-PERSON INSURANCE PROCEEDS.

PART I, LINE 5

INCENTIVE COMPENSATION PAID TO NON-PHYSICIAN LEADERSHIP/EXECUTIVES IS CONTINGENT UPON QUALITY INDICATORS, NET REVENUES, AND THE OVERALL PROFITABILITY OF THE ORGANIZATION. INCENTIVE COMPENSATION PAID TO PHYSICIANS AND PHYSICIAN LEADERSHIP IS BASED ON PRODUCTION AND QUALITY INDICATORS. PHYSICIAN INCENTIVE COMPENSATION DOES NOT INCLUDE INCOME RELATED METRICS. IF PREDETERMINED GOALS ARE MET, INCENTIVE COMPENSATION IS PAID IN ACCORDANCE WITH AN INCENTIVE COMPENSATION PROGRAM. SEE PART II, COLUMN (B)(II).

PART I, LINE 6

SEE THE RESPONSE TO LINE 5A AND 5B.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• GEORGETOWN PHYSICIAN SERVICES LLC

  HEALTHCARE · SC · income $52,127,741 · assets $17,023,830

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM

• GHS TRANSITIONAL CARE LLC

  HEALTHCARE · SC · income $3,743,787 · assets $21,948,689

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM

• TIDELANDS HEALTH MARKET COMMON LLC

  HEALTHCARE · SC · income $3,788,304 · assets $3,004,251

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM

• TIDELANDS HEALTH ASC LLC

  HEALTHCARE · SC · income $442,215 · assets $2,106,322

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• GEORGETOWN RADIATION THERAPY CENTER

  RELATED · HEALTHCARE · SC · 51% owned · share of income $2,413,981 · share of assets $2,177,149

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM

• TIDELANDS AND MEDQUEST JOINT VENTURE LLC

  RELATED · IMAGING · SC · 85% owned · share of income $2,258,742 · share of assets $5,060,280 · general or managing partner

  Directly controlled by GEORGETOWN HOSPITAL SYSTEM