Skip to content
Nonprofiteer
← ST FRANCIS PHYSICIAN SERVICES INC

Form 990 for tax year 2024

Filed by ST FRANCIS PHYSICIAN SERVICES INC.

Totals

Total revenue
$36,888,174
Total expenses
$57,789,494
Contributions and grants received
$2,985
Grants paid
$5,139
Program service revenue
$36,862,830
Investment income
$0
Other revenue
$22,359
Total assets, end of year
$123,714,139
Total liabilities, end of year
$51,754,208
Net assets or fund balances, end of year
$71,959,931
Program services expenses (Part IX)
$52,294,311
Management and general expenses
$5,495,183
Fundraising expenses
$0
Program service expenses (Part III)
$52,294,311

Program services were 90.5% 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

    $2,985

  • 2a · Program service revenue: Patient Service Revenues

    total $36,411,417 · related or exempt $36,411,417

  • 2b · Program service revenue: Medical professional fees

    total $451,413 · related or exempt $451,413

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $17,619

  • 6c · Rental income or loss

    real property $17,619 · personal property $0

  • 6d · Net rental income or loss

    total $17,619 · excluded $17,619

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other Revenue

    total $4,740 · excluded $4,740

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $4,740

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,139 · program services $5,139

  • 5 · Compensation of officers, directors and key employees

    total $2,715,949 · program services $2,444,354 · management and general $271,595

  • 7 · Other salaries and wages

    total $25,834,203 · program services $23,250,783 · management and general $2,583,420

  • 8 · Pension plan contributions

    total $1,582,338 · program services $1,424,104 · management and general $158,234

  • 9 · Other employee benefits

    total $3,547,719 · program services $3,192,947 · management and general $354,772

  • 10 · Payroll taxes

    total $1,734,793 · program services $1,561,314 · management and general $173,479

  • 11b · Fees: legal

    total $26,801 · management and general $26,801

  • 11g · Fees: other

    total $12,446,694 · program services $11,237,352 · management and general $1,209,342 · fundraising $0

  • 12 · Advertising and promotion

    total $13,390 · program services $12,051 · management and general $1,339

  • 13 · Office expenses

    total $242,118 · program services $217,906 · management and general $24,212

  • 14 · Information technology

    total $139,653 · program services $125,688 · management and general $13,965

  • 16 · Occupancy

    total $3,721,322 · program services $3,349,190 · management and general $372,132

  • 17 · Travel

    total $322,952 · program services $290,657 · management and general $32,295

  • 20 · Interest

    total $204,227 · program services $204,227

  • 22 · Depreciation, depletion and amortization

    total $1,574,110 · program services $1,416,699 · management and general $157,411

  • 23 · Insurance

    total $438,790 · program services $394,911 · management and general $43,879

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $1,610,246 · program services $1,610,246

  • 24b · Other expenses: BAD DEBT

    total $905,978 · program services $905,978

  • 24c · Other expenses: Real Estate Tax

    total $517,494 · program services $465,745 · management and general $51,749

  • 24d · Other expenses: Sales and Use Tax

    total $150,516 · program services $135,464 · management and general $15,052

  • 24e · All other expenses

    total $55,062 · program services $49,556 · management and general $5,506 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,084,410 · end of year $75,697,154

  • 4 · Accounts receivable

    beginning of year $3,188,004 · end of year $7,367,395

  • 5 · Loans and receivables from officers and key people

    beginning of year $832 · 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 $296,983 · end of year $381,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,599 · end of year $5,740

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

    $6,723,023

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

    $2,744,322

  • 10c · Land, buildings and equipment, net

    beginning of year $6,607,085 · end of year $3,978,701

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $37,099,545 · end of year $36,283,983

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,136,359 · end of year $14,461,661

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,439,351 · end of year $37,292,547

  • 27 · Net assets without donor restrictions

    beginning of year $35,733,748 · end of year $71,959,931

Mission and programs · 2024

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 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 primary care services to the residents of Greenville, South Carolina and the surrounding communities. 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 $52,294,311 · Grants $5,139 · Revenue $36,862,830

As filed on the 2024 return.

Listed in Part VII

  • Bruce Swords

    Co-Chair, Chief Clinical Officer - BSSFHS

    Total calculated
    $631,529
    From this org
    $0
    From related orgs
    $553,702
    Other
    $77,827
    Hours/week
    15 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,865 related
    Bonus
    $0 + $113,501 related
    Other
    $0 + $62,336 related
    Deferred
    $0 + $41,703 related
    Nontaxable benefits
    $0 + $36,124 related
    Filer's total
    $0 + $631,529 related

  • Jeremy Skoog MD

    Co-Chair, Interim COO - BSMG (Beg 08/24)

    Total calculated
    $205,632
    From this org
    $0
    From related orgs
    $163,881
    Other
    $41,751
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,756 related
    Bonus
    $0 + $19,293 related
    Other
    $0 + $31,832 related
    Deferred
    $0 + $4,962 related
    Nontaxable benefits
    $0 + $36,789 related
    Filer's total
    $0 + $205,632 related

  • MATTHEW CALDWELL

    Co-Chair, Market President BSSFHS

    Total calculated
    $1,398,944
    From this org
    $0
    From related orgs
    $1,140,880
    Other
    $258,064
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $554,401 related
    Bonus
    $0 + $243,567 related
    Other
    $0 + $342,912 related
    Deferred
    $0 + $215,736 related
    Nontaxable benefits
    $0 + $42,328 related
    Filer's total
    $0 + $1,398,944 related

  • Wayne Fraleigh MD

    Board Member, COO - BSMG (End 08/24)

    Total calculated
    $263,656
    From this org
    $0
    From related orgs
    $237,177
    Other
    $26,479
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,818 related
    Bonus
    $0 + $41,493 related
    Other
    $0 + $30,866 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,479 related
    Filer's total
    $0 + $263,656 related

  • Andrew Mccraw MD

    Board Member, Physician

    Total calculated
    $579,031
    From this org
    $508,642
    From related orgs
    $0
    Other
    $70,389
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $280,734
    Bonus
    $170,935
    Other
    $56,973
    Deferred
    $31,347
    Nontaxable benefits
    $39,042
    Filer's total
    $579,031

  • Glenn Brothers MD

    Board Member, Physician

    Total calculated
    $650,407
    From this org
    $602,387
    From related orgs
    $0
    Other
    $48,020
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $304,609
    Bonus
    $245,087
    Other
    $52,691
    Deferred
    $33,400
    Nontaxable benefits
    $14,620
    Filer's total
    $650,407

  • Julia Paduano NP

    Board Member, Physician

    Total calculated
    $267,984
    From this org
    $223,359
    From related orgs
    $0
    Other
    $44,625
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $104,207
    Bonus
    $78,698
    Other
    $40,454
    Deferred
    $5,696
    Nontaxable benefits
    $38,929
    Filer's total
    $267,984

  • Reed Mathias MD

    Board Member, Physician

    Total calculated
    $424,760
    From this org
    $401,525
    From related orgs
    $0
    Other
    $23,235
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,383
    Bonus
    $130,671
    Other
    $58,471
    Deferred
    $8,063
    Nontaxable benefits
    $15,172
    Filer's total
    $424,760

  • Steven Newman MD

    Board Member, Physician

    Total calculated
    $793,767
    From this org
    $723,805
    From related orgs
    $0
    Other
    $69,962
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $518,244
    Bonus
    $139,807
    Other
    $65,754
    Deferred
    $33,400
    Nontaxable benefits
    $36,562
    Filer's total
    $793,767

  • Wilbur Gay

    Director of Finance BSMH Med Group

    Total calculated
    $258,726
    From this org
    $0
    From related orgs
    $221,435
    Other
    $37,291
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,438 related
    Bonus
    $0 + $16,125 related
    Other
    $0 + $5,872 related
    Deferred
    $0 + $3,456 related
    Nontaxable benefits
    $0 + $33,835 related
    Filer's total
    $0 + $258,726 related

  • Benjamin Hester MD

    Family Medicine

    Total calculated
    $554,760
    From this org
    $497,982
    From related orgs
    $0
    Other
    $56,778
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,179
    Bonus
    $212,885
    Other
    $77,918
    Deferred
    $31,108
    Nontaxable benefits
    $25,670
    Filer's total
    $554,760

  • Kurt Budelmann MD

    Internal Medicine

    Total calculated
    $520,829
    From this org
    $478,126
    From related orgs
    $0
    Other
    $42,703
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $279,394
    Bonus
    $167,108
    Other
    $31,624
    Deferred
    $29,967
    Nontaxable benefits
    $12,736
    Filer's total
    $520,829

  • Michael Peters MD

    Family Medicine

    Total calculated
    $586,704
    From this org
    $512,689
    From related orgs
    $0
    Other
    $74,015
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $304,332
    Bonus
    $140,584
    Other
    $67,773
    Deferred
    $32,535
    Nontaxable benefits
    $41,480
    Filer's total
    $586,704

  • Scott Weikle MD

    Internal Medicine

    Total calculated
    $562,837
    From this org
    $492,787
    From related orgs
    $0
    Other
    $70,050
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $267,407
    Bonus
    $170,071
    Other
    $55,309
    Deferred
    $31,038
    Nontaxable benefits
    $39,012
    Filer's total
    $562,837

  • Vidya Ajaradder MD

    Family Medicine

    Total calculated
    $471,722
    From this org
    $442,824
    From related orgs
    $0
    Other
    $28,898
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,865
    Bonus
    $160,226
    Other
    $52,733
    Deferred
    $28,517
    Nontaxable benefits
    $381
    Filer's total
    $471,722

  • Marcus Blackstone MD

    Former Chief Clinical Officer - Greenville

    Total calculated
    $858,297
    From this org
    $0
    From related orgs
    $833,596
    Other
    $24,701
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $444,411 related
    Bonus
    $0 + $166,250 related
    Other
    $0 + $222,935 related
    Deferred
    $0 + $8,400 related
    Nontaxable benefits
    $0 + $16,301 related
    Filer's total
    $0 + $858,297 related

  • Robert Stiekes

    FORMER Officer, CFO - BSSFHS

    Total calculated
    $560,956
    From this org
    $0
    From related orgs
    $484,522
    Other
    $76,434
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,481 related
    Bonus
    $0 + $107,172 related
    Other
    $0 + $48,869 related
    Deferred
    $0 + $35,471 related
    Nontaxable benefits
    $0 + $40,963 related
    Filer's total
    $0 + $560,956 related

  • WILLIAM KUSNIERZ

    FORMER CFO - BSSFHS

    Total calculated
    $637,693
    From this org
    $0
    From related orgs
    $584,849
    Other
    $52,844
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $370,896 related
    Bonus
    $0 + $119,889 related
    Other
    $0 + $94,064 related
    Deferred
    $0 + $40,598 related
    Nontaxable benefits
    $0 + $12,246 related
    Filer's total
    $0 + $637,693 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
  • 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 five board members. 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 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. THOSE PAYMENTS THAT ARE NOT YET VESTED DUE TO SUBSTANTIAL RISK OF FORFEITURE ARE INCLUDED IN SCHEDULE J, COLUMN (C) IN ACCORDANCE WITH IRS INSTRUCTIONS. 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 IN SCHEDULE J, COLUMN (B)(III) for listed individuals due to SERP participation in the reporting year were as follows: Matthew Caldwell $98,328; William Kusnierz $34,256; Marcus Blackstone, MD, $179,366; Robert Stiekes, $28,389; 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 plan is no longer accepting new participants and the cessation of contributions has occurred. 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; Steven Newman, MD, $0; Reed Mathias, MD, $6,065; Benjamin Hester, MD, $0; Scott Weikle, MD, $0; Andrew Mccraw, MD, $0; Vidya Ajaradder, 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. THOSE PAYMENTS THAT ARE NOT YET VESTED DUE TO SUBSTANTIAL RISK OF FORFEITURE ARE INCLUDED IN SCHEDULE J, COLUMN (C) IN ACCORDANCE WITH IRS INSTRUCTIONS. 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 IN SCHEDULE J, COLUMN (B)(III) for listed individuals due to SERP participation in the reporting year were as follows: Glenn Brothers, MD, $24,740; Benjamin Hester, MD, $20,362; Kurt Budelmann, MD, $25,548; Reed Mathias, MD, $19,206; Scott Weikle, MD, $21,516; Steven Newman, MD, $28,247; Andrew Mccraw, MD, $22,918; Michael Peters, MD, $19,205; Vidya Ajaradder, MD, $19,351.
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
2024
Filed
17 October 2025
IRS schema version
2024v5.1
Source object
202522909349301722

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.