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Nonprofiteer
← ST FRANCIS PHYSICIAN SERVICES INC

Form 990 for tax year 2022

Filed by ST FRANCIS PHYSICIAN SERVICES INC.

Totals

Total revenue
$85,104,956
Total expenses
$154,136,210
Contributions and grants received
$1,570
Grants paid
$0
Program service revenue
$84,811,062
Investment income
$0
Other revenue
$292,324
Total assets, end of year
$44,306,906
Total liabilities, end of year
$53,464,081
Net assets or fund balances, end of year
-$9,157,175
Program services expenses (Part IX)
$140,264,548
Management and general expenses
$13,871,662
Fundraising expenses
$0
Program service expenses (Part III)
$140,264,548

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,570

  • 2a · Program service revenue: Patient Service Revenues

    total $76,759,768 · related or exempt $76,759,768

  • 2b · Program service revenue: Medical professional fees

    total $8,051,294 · related or exempt $8,051,294

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Care Coordination

    total $10,989 · excluded $10,989

  • 11b · Other revenue: Research

    total $40,530 · excluded $40,530

  • 11c · Other revenue: Other Revenue

    total $240,805 · excluded $240,805

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $292,324

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,426,382 · program services $2,183,744 · management and general $242,638

  • 7 · Other salaries and wages

    total $71,273,842 · program services $64,146,458 · management and general $7,127,384

  • 8 · Pension plan contributions

    total $3,760,110 · program services $3,384,099 · management and general $376,011

  • 9 · Other employee benefits

    total $5,815,749 · program services $5,234,174 · management and general $581,575

  • 10 · Payroll taxes

    total $4,400,167 · program services $3,960,150 · management and general $440,017

  • 11b · Fees: legal

    total $3,357 · management and general $3,357

  • 11g · Fees: other

    total $40,990,356 · program services $37,083,580 · management and general $3,906,776 · fundraising $0

  • 12 · Advertising and promotion

    total $18,030 · program services $16,227 · management and general $1,803

  • 13 · Office expenses

    total $278,450 · program services $250,605 · management and general $27,845

  • 14 · Information technology

    total $380,966 · program services $342,869 · management and general $38,097

  • 16 · Occupancy

    total $7,012,611 · program services $6,311,350 · management and general $701,261

  • 17 · Travel

    total $622,340 · program services $560,106 · management and general $62,234

  • 20 · Interest

    total $75,037 · program services $75,037

  • 22 · Depreciation, depletion and amortization

    total $1,516,163 · program services $1,364,547 · management and general $151,616

  • 23 · Insurance

    total $1,371,910 · program services $1,234,719 · management and general $137,191

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $6,555,703 · program services $6,555,703

  • 24b · Other expenses: BAD DEBT

    total $6,896,474 · program services $6,896,474

  • 24c · Other expenses: Real Estate Tax

    total $315,516 · program services $283,964 · management and general $31,552

  • 24d · Other expenses: Sales and Use Tax

    total $274,070 · program services $246,663 · management and general $27,407

  • 24e · All other expenses

    total $148,977 · program services $134,079 · management and general $14,898 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,565,350 · end of year $1,462,413

  • 4 · Accounts receivable

    beginning of year $11,475,040 · end of year $4,119,431

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $866,608 · end of year $465,079

  • 9 · Prepaid expenses and deferred charges

    beginning of year $200,911 · end of year $14,789

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

    $4,415,870

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

    $1,824,898

  • 10c · Land, buildings and equipment, net

    beginning of year $29,892,081 · end of year $2,590,972

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $36,598,451 · end of year $35,654,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,386,654 · end of year $20,656,869

  • 19 · Deferred revenue

    beginning of year $50,000 · end of year $50,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $32,791,228 · end of year $32,757,212

  • 27 · Net assets without donor restrictions

    beginning of year $2,370,559 · end of year -$9,157,175

Mission and programs · 2022

Mission

THE MISSION IS TO BRING COMPASSION TO HEALTH CARE AND TO BE GOOD HELP TO THOSE IN NEED, ESPECIALLY THOSE WHO ARE POOR AND DYING. AS A SYSTEM OF CAREGIVERS, WE COMMIT OURSELVES TO HELP BRING PEOPLE AND COMMUNITIES TO HEALTH AND WHOLENESS. ST. FRANCIS PHYSICIAN SERVICES, INC. SERVICES THIS MISSION AS THE VEHICLE FOR PRIMARY CARE PHYSICIAN EMPLOYMENT RELATIONSHIPS IN THE GREENVILLE MARKET.

Activities or mission (Part I)

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

  • St. Francis Physician Services (SFPS) operates as an affiliate model in the provision of services to the residents of Greenville, South Carolina and the surrounding communities including primary care and urgent care. SFPS is a member of Bon Secours Mercy Health Medical Group LLC. The various practices that comprise SFPS are strategically located with the area to most effectively meet the needs of the community.

    Expenses $140,264,548 · Revenue $84,811,062

As filed on the 2022 return.

Listed in Part VII

  • MATTHEW CALDWELL

    CHAIRMAN, MARKET PRESIDENT - BSSFHS

    Total calculated
    $1,374,984
    From this org
    $0
    From related orgs
    $1,086,217
    Other
    $288,767
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $535,911 related
    Bonus
    $0 + $232,063 related
    Other
    $0 + $318,243 related
    Deferred
    $0 + $257,354 related
    Nontaxable benefits
    $0 + $31,413 related
    Filer's total
    $0 + $1,374,984 related

  • Wayne Fraleigh

    Board Member, COO - BSMG (Beg 01/22)

    Total calculated
    $386,970
    From this org
    $0
    From related orgs
    $352,139
    Other
    $34,831
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,916 related
    Bonus
    $0 + $35,408 related
    Other
    $0 + $82,815 related
    Deferred
    $0 + $4,515 related
    Nontaxable benefits
    $0 + $30,316 related
    Filer's total
    $0 + $386,970 related

  • Andrew MCCraw MD

    Board Member (Beg 01/22), Physician

    Total calculated
    $489,476
    From this org
    $435,866
    From related orgs
    $0
    Other
    $53,610
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $332,103
    Bonus
    $100,327
    Other
    $3,436
    Deferred
    $25,441
    Nontaxable benefits
    $28,169
    Filer's total
    $489,476

  • Bruce Swords

    Board Member, Chief Clinical Officer - BSSFHS

    Total calculated
    $432,178
    From this org
    $0
    From related orgs
    $389,128
    Other
    $43,050
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,468 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $113,660 related
    Deferred
    $0 + $23,293 related
    Nontaxable benefits
    $0 + $19,757 related
    Filer's total
    $0 + $432,178 related

  • GLENN BROTHERS MD

    Board Member, SFPS Physician

    Total calculated
    $538,477
    From this org
    $499,744
    From related orgs
    $0
    Other
    $38,733
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,853
    Bonus
    $197,666
    Other
    $33,225
    Deferred
    $28,255
    Nontaxable benefits
    $10,478
    Filer's total
    $538,477

  • JULIA PADUANO NP

    BOARD MEMBER, SFPS Nurse Practitioner

    Total calculated
    $209,265
    From this org
    $177,607
    From related orgs
    $0
    Other
    $31,658
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,985
    Bonus
    $38,285
    Other
    $17,337
    Deferred
    $3,341
    Nontaxable benefits
    $28,317
    Filer's total
    $209,265

  • Reed Mathias MD

    Board Member (Beg 01/22), Physician

    Total calculated
    $371,667
    From this org
    $338,980
    From related orgs
    $0
    Other
    $32,687
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $247,595
    Bonus
    $61,634
    Other
    $29,751
    Deferred
    $20,644
    Nontaxable benefits
    $12,043
    Filer's total
    $371,667

  • Steven NEWMAN MD

    Board Member (Beg 01/22), Physician

    Total calculated
    $721,783
    From this org
    $665,172
    From related orgs
    $0
    Other
    $56,611
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $457,951
    Bonus
    $174,079
    Other
    $33,142
    Deferred
    $29,550
    Nontaxable benefits
    $27,061
    Filer's total
    $721,783

  • Terra SPAnn

    Board Member, Interim COO- BSMG(End 01/22)

    Total calculated
    $59,844
    From this org
    $55,391
    From related orgs
    $0
    Other
    $4,453
    Hours/week
    50

  • Gabbi Zurlo

    Secretary (End 09/22)

    Total calculated
    $35,870
    From this org
    $29,498
    From related orgs
    $0
    Other
    $6,372
    Hours/week
    40

  • Wilbur Gay

    Director of Finance BSMH Med Group

    Total calculated
    $277,433
    From this org
    $0
    From related orgs
    $242,547
    Other
    $34,886
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,627 related
    Bonus
    $0 + $32,544 related
    Other
    $0 + $3,376 related
    Deferred
    $0 + $4,037 related
    Nontaxable benefits
    $0 + $30,849 related
    Filer's total
    $0 + $277,433 related

  • Benjamin Hester MD

    Family Medicine

    Total calculated
    $460,483
    From this org
    $409,188
    From related orgs
    $0
    Other
    $51,295
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,679
    Bonus
    $122,568
    Other
    $29,941
    Deferred
    $24,491
    Nontaxable benefits
    $26,804
    Filer's total
    $460,483

  • Calvin SNIPES MD

    Internal Medicine

    Total calculated
    $427,243
    From this org
    $401,587
    From related orgs
    $0
    Other
    $25,656
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,721
    Bonus
    $131,752
    Other
    $89,114
    Deferred
    $4,231
    Nontaxable benefits
    $21,425
    Filer's total
    $427,243

  • Kurt Budelmann MD

    Internal Medicine

    Total calculated
    $448,666
    From this org
    $414,861
    From related orgs
    $0
    Other
    $33,805
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $294,042
    Bonus
    $116,599
    Other
    $4,220
    Deferred
    $24,449
    Nontaxable benefits
    $9,356
    Filer's total
    $448,666

  • Scott Weikle MD

    Internal Medicine

    Total calculated
    $483,032
    From this org
    $428,607
    From related orgs
    $0
    Other
    $54,425
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $299,703
    Bonus
    $105,616
    Other
    $23,288
    Deferred
    $25,530
    Nontaxable benefits
    $28,895
    Filer's total
    $483,032

  • Vincent Torres MD

    Family Medicine

    Total calculated
    $440,757
    From this org
    $388,418
    From related orgs
    $0
    Other
    $52,339
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,842
    Bonus
    $92,051
    Other
    $31,525
    Deferred
    $23,460
    Nontaxable benefits
    $28,879
    Filer's total
    $440,757

  • Marcus Blackstone MD

    Former Chief Clinical Officer - Greenville

    Total calculated
    $672,158
    From this org
    $0
    From related orgs
    $609,568
    Other
    $62,590
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $416,013 related
    Bonus
    $0 + $136,386 related
    Other
    $0 + $57,169 related
    Deferred
    $0 + $49,646 related
    Nontaxable benefits
    $0 + $12,944 related
    Filer's total
    $0 + $672,158 related

  • Robert Stiekes

    FORMER CFO - BSSFHS

    Total calculated
    $493,413
    From this org
    $0
    From related orgs
    $432,622
    Other
    $60,791
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,979 related
    Bonus
    $0 + $100,500 related
    Other
    $0 + $10,143 related
    Deferred
    $0 + $30,312 related
    Nontaxable benefits
    $0 + $30,479 related
    Filer's total
    $0 + $493,413 related

  • Thomas Morris PHD

    Former Board President; BSMH Chief Sponsorship Officer

    Total calculated
    $559,865
    From this org
    $0
    From related orgs
    $530,903
    Other
    $28,962
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,804 related
    Bonus
    $0 + $67,202 related
    Other
    $0 + $237,897 related
    Deferred
    $0 + $4,031 related
    Nontaxable benefits
    $0 + $24,931 related
    Filer's total
    $0 + $559,865 related

  • WILLIAM KUSNIERZ

    FORMER CFO - BSSFHS

    Total calculated
    $613,120
    From this org
    $0
    From related orgs
    $565,581
    Other
    $47,539
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $364,405 related
    Bonus
    $0 + $121,270 related
    Other
    $0 + $79,906 related
    Deferred
    $0 + $35,696 related
    Nontaxable benefits
    $0 + $11,843 related
    Filer's total
    $0 + $613,120 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
A tax indemnification benefit to cover the income tax incurred on gifts was paid to two board members and one officer. The entire benefit was treated as taxable compensation.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
Bon Secours Mercy Health, Inc., a related organization of the filing organization, uses the following to establish the compensation of the organization's CEO/Executive Director: Compensation Committee Independent Compensation Consultant Written Employment Contract Compensation Survey or Study Approval by the Board or Compensation Committee
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The Bon Secours Mercy Health System SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: Matthew Caldwell $89,724; William Kusnierz $27,913; Thomas Morris, PH.D, $56,298; Marcus Blackstone, MD, $21,575; Robert Stiekes, $0; Bruce Swords, $0.
Schedule J, Part I, Line 4b Terms and conditions of the St. Francis 457F plan
Bon Secours St. Francis Health System, Inc. established the Bon Secours St. Francis Health System Nonqualified Deferred Compensation Plan (the "St. Francis 457F plan") that allows for deposits of employee deferrals and employer contributions and is available only to eligible Bon Secours St. Francis physicians. The St. Francis 457F plan is a non-qualified plan and is subject to a minimum deferred vesting date of at least two years after the first day of the calendar year to which the deferred compensation relates, provided the participant is employed, or upon specified events, such as death or disability. For a participant who separates employment prior to reaching the deferred vesting date, the portion of the account attributable to the deferred vesting date will become vested after the participant satisfies certain conditions during the three year post-employment period. Individuals that received a distribution or participated in the plan include: Marcus Blackstone, MD, $0; Glenn Brothers, MD, $0; Calvin Snipes, MD, $18,228; Steven Newman, MD, $0; Reed Mathias, MD, $0.
Schedule J, Part I, Line 4b Terms and conditions of the Bon Secours Mercy Health Physicians SERP
The Bon Secours Mercy Health Physician SERP is a non-qualified deferred compensation plan which provides supplemental retirement benefits to persons selected by the Board of Trustees or its delegate. The plan provides for annual credits of a specified percentage of an eligible participants base salary paid in a plan year and interest credits. Plan participants vest in plan credits after completing a three year class vesting schedule or earlier for death or total disability or reaching age 60 while employed, or due to involuntary separation of employment other than for cause. Payments during employment are made for required tax withholding and reduce the participants account balance. Distribution of the vested account balance in a lump sum occurs after termination of employment. Amounts includible as taxable compensation for listed individuals due to SERP participation in the reporting year were as follows: Glenn Brothers, MD, $0; Benjamin Hester, MD, $0; Calvin Snipes, MD, $18,693; Kurt Budelmann, MD, $0; Reed Mathias, MD, $0; Scott Weikle, MD, $0; Steven Newman, MD, $0, Vincent Torres, MD, $0; Andrew Mccraw, $0.
Schedule J, Part I, Line 7 Non-Fixed Payments
The organization provides annual incentive compensation for listed individuals. The organization's Board of Trustees establishes objective thresholds for quality, community benefit, and financial performance which must be achieved for incentives to be awarded. The Board also establishes threshold, target and maximum levels for incentive awards. Within these established parameters, the Board determines the CEO's incentive award and incentive awards for other listed individuals are determined by the listed individual's supervisor and disclosed to the Board. The Board may authorize modified incentive awards when appropriate in its judgment.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323139349304742

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