Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $134,616

• 1e · Government grants (contributions)

  $460,170

• 1f · All other contributions, gifts and grants

  $421,201

• 2a · Program service revenue: NET PATIENT REVENUE

  total $315,731,222 · related or exempt $315,731,222

• 2b · Program service revenue: PHARMACY

  total $59,938,209 · related or exempt $59,938,209

• 2c · Program service revenue: ALL OTHER PROGRAM REV.

  total $5,584,078 · related or exempt $4,585,957 · unrelated business $998,121

• 2d · Program service revenue: DIETARY REVENUE

  total $1,380,093 · related or exempt $1,107,240 · unrelated business $272,853

• 2e · Program service revenue: COASTAL HOME CARE

  total -$77,134 · related or exempt -$77,134

• 3 · Investment income

  total $11,312,250 · excluded $11,312,250

• 6a · Gross rents

  real property $3,285,543

• 6b · Less rental expenses

  real property $503,967

• 6c · Rental income or loss

  real property $2,781,576

• 6d · Net rental income or loss

  total $2,781,576 · related or exempt $493,519 · excluded $2,288,057

• 7a · Gross sales of assets other than inventory

  securities $15,298,481 · other assets $3,560,770

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $15,298,481 · other assets $3,560,770

• 7d · Net gain or loss

  total $18,859,251 · excluded $18,859,251

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $40,500 · program services $40,500

• 5 · Compensation of officers, directors and key employees

  total $4,907,706 · program services $3,926,165 · management and general $981,541

• 7 · Other salaries and wages

  total $150,923,908 · program services $120,739,126 · management and general $30,184,782

• 8 · Pension plan contributions

  total $3,426,248 · program services $2,740,998 · management and general $685,250

• 9 · Other employee benefits

  total $27,275,456 · program services $21,820,365 · management and general $5,455,091

• 10 · Payroll taxes

  total $9,667,271 · program services $7,733,817 · management and general $1,933,454

• 11b · Fees: legal

  total $1,508,964 · program services $1,207,171 · management and general $301,793

• 11c · Fees: accounting

  total $283,823 · program services $227,058 · management and general $56,765

• 11d · Fees: lobbying

  total $63,246 · management and general $63,246

• 11g · Fees: other

  total $43,514,898 · program services $34,811,918 · management and general $8,702,980

• 12 · Advertising and promotion

  total $471,126 · program services $376,901 · management and general $94,225

• 13 · Office expenses

  total $3,459,688 · program services $2,767,750 · management and general $691,938

• 14 · Information technology

  total $13,494,590 · program services $10,795,672 · management and general $2,698,918

• 16 · Occupancy

  total $7,112,609 · program services $5,690,087 · management and general $1,422,522

• 17 · Travel

  total $41,312 · program services $33,050 · management and general $8,262

• 20 · Interest

  total $5,116,803 · program services $4,093,442 · management and general $1,023,361

• 22 · Depreciation, depletion and amortization

  total $13,649,337 · program services $10,919,470 · management and general $2,729,867

• 23 · Insurance

  total $2,954,884 · program services $2,363,907 · management and general $590,977

• 24a · Other expenses: MEDICAL SUPPLIES

  total $77,552,789 · program services $77,552,789

• 24b · Other expenses: MEDICAID PROVIDER TAX

  total $16,128,153 · program services $16,128,153

• 24c · Other expenses: MINOR EQUIPMENT

  total $3,395,257 · program services $2,716,206 · management and general $679,051

• 24d · Other expenses: FOOD SUPPLIES

  total $1,995,887 · program services $1,596,710 · management and general $399,177

• 24e · All other expenses

  total $4,207,395 · program services $3,612,401 · management and general $594,994

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,226,785 · end of year $13,933,165

• 2 · Savings and temporary cash investments

  beginning of year $35,148,700 · end of year $44,878,782

• 4 · Accounts receivable

  beginning of year $32,345,193 · end of year $40,162,304

• 5 · Loans and receivables from officers and key people

  beginning of year $5,461,670 · end of year $12,802,408

• 7 · Other notes and loans receivable

  beginning of year $1,675,896 · end of year $1,508,474

• 8 · Inventories for sale or use

  beginning of year $7,248,611 · end of year $7,286,920

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,704,567 · end of year $9,183,387

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

  $394,307,482

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

  $190,268,627

• 10c · Land, buildings and equipment, net

  beginning of year $204,404,159 · end of year $204,038,855

• 11 · Investments: publicly traded securities

  beginning of year $311,777,326 · end of year $334,059,206

• 13 · Investments: program-related

  beginning of year $5,512,340 · end of year $6,182,789

• 14 · Intangible assets

  beginning of year $14,463,031 · end of year $14,962,292

• 15 · Other assets

  beginning of year $160,310,960 · end of year $175,735,490

• 17 · Accounts payable and accrued expenses

  beginning of year $47,961,509 · end of year $64,989,052

• 18 · Grants payable

  beginning of year $4,000,000 · end of year $3,366,667

• 19 · Deferred revenue

  beginning of year $66,309,970 · end of year $63,517,946

• 20 · Tax-exempt bond liabilities

  beginning of year $49,798,640 · end of year $49,588,626

• 23 · Secured mortgages and notes payable

  beginning of year $9,385,057 · end of year $9,328,404

• 25 · Other liabilities

  beginning of year $92,894,607 · end of year $94,681,139

• 27 · Net assets without donor restrictions

  beginning of year $519,267,931 · end of year $569,455,188

• 28 · Net assets with donor restrictions

  beginning of year $8,661,524 · end of year $9,807,050

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT IS REIMBURSED FOR CERTAIN SOCIAL CLUB DUES AS PART OF HIS COMPENSATION PACKAGE, WHICH IS GROSSED UP FOR TAX PURPOSES. THE PAYMENT IS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT ON SCHEDULE J, PART II, COLUMN (B)(III).

PART I, LINE 4B:

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE YEAR ENDED SEPTEMBER 30, 2025, CONWAY HOSPITAL, INC. AND KEY EXECUTIVES HELD JOINTLY OWNED SPLIT-DOLLAR AGREEMENTS THROUGH AN INSURANCE COMPANY. THE FOLLOWING EXECUTIVES PARTICIPATED IN THE PLAN DURING THE YEAR: BRET BARR BRIAN ARGO CERTAIN EXECUTIVES PARTICIPATED IN A CAPITAL ACCUMULATION PLAN PROVIDED BY THE COMPANY. THE FOLLOWING EMPLOYEES RECEIVED DISTRIBUTIONS FROM THE PLAN. ALL AMOUNTS ARE INCLUDED IN THE EMPLOYEE'S W-2. BRIAN ARGO $94,785 PAUL RICHARDSON $41,509 ANGELA WILLIFORD $27,810

PART I, LINE 7:

NONFIXED PAYMENTS DURING THE CALENDAR YEAR 2024, CONWAY HOSPITAL INC. PAID SOME EMPLOYEES ON SCHEDULE J, PART II BONUSES BASED IN PART ON TOTAL PROFIT FOR THE FISCAL YEAR AND THE PERCENTAGE OF THE TOTAL GOAL VALUE ACHIEVED. ADDITIONAL GOALS INCLUDED THE FOLLOWING FIVE PILLARS: FINANCE, PATIENT SATISFACTION, EMPLOYEE SATISFACTION, QUALITY, AND STRATEGY. THE PAYMENTS WERE CALCULATED FOR POTENTIAL PAYOUT AS A PERCENTAGE OF SALARY AND WERE APPROVED BY THE COMPENSATION COMMITTEE.

Disregarded entities

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

• HORRY PROPERTY HOLDINGS LLC

  HOLDING COMPANY · SC · income $0 · assets $0

  Directly controlled by CONWAY HOSPITAL INC

• LIVE OAK REGIONAL HOLDINGS LLC

  HOLDING COMPANY · SC · income $0 · assets $0

  Directly controlled by CONWAY HOSPITAL INC

Related partnerships

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

• CONWAY HOSPITAL HOLDINGS LLC

  HOLDING COMPANY · SC

Related corporations and trusts

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

• MEDICAL PROPERTIES INC

  C · RENTALS · SC · 100% owned · share of income $1,524,377 · share of assets $13,203,798 · controlled entity

  Directly controlled by CONWAY HOSP

• CONWAY MEDICAL ARTS PROPERTY OWNERS' ASSOCIATION

  C · RENTALS · SC