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Nonprofiteer
← SOUTHEAST GEORGIA HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by SOUTHEAST GEORGIA HEALTH SYSTEM INC.

Totals

Total revenue
$402,687,170
Total expenses
$412,118,561
Contributions and grants received
$2,783,741
Grants paid
$899,481
Program service revenue
$389,196,914
Investment income
$5,286,516
Other revenue
$5,419,999
Total assets, end of year
$647,862,736
Total liabilities, end of year
$353,934,967
Net assets or fund balances, end of year
$293,927,769
Program services expenses (Part IX)
$395,021,002
Management and general expenses
$17,097,559
Fundraising expenses
$0
Program service expenses (Part III)
$395,021,002

Program services were 95.9% 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

    $945,954

  • 1e · Government grants (contributions)

    $52,200

  • 1f · All other contributions, gifts and grants

    $1,785,587

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

    total $389,196,914 · related or exempt $389,196,914

  • 3 · Investment income

    total $5,693,229 · excluded $5,693,229

  • 6a · Gross rents

    real property $4,073,617

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,073,617

  • 6d · Net rental income or loss

    total $4,073,617 · related or exempt $4,073,617

  • 7a · Gross sales of assets other than inventory

    other assets $55,771

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

    securities $462,484 · other assets $0

  • 7c · Gain or loss

    securities -$462,484 · other assets $55,771

  • 7d · Net gain or loss

    total -$406,713 · excluded -$406,713

  • 11a · Other revenue: OTHER REVENUE

    total $696,926 · excluded $696,926

  • 11b · Other revenue: LAUNDRY REVENUE

    total $265,894 · excluded $265,894

  • 11c · Other revenue: CAFETERIA SALES

    total $183,654 · excluded $183,654

  • 11d · All other revenue

    total $199,908 · excluded $199,908

  • 11e · Other revenue, total

    $1,346,382

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $877,181 · program services $877,181

  • 2 · Grants to domestic individuals

    total $22,300 · program services $22,300

  • 5 · Compensation of officers, directors and key employees

    total $3,502,637 · program services $1,965,924 · management and general $1,536,713

  • 7 · Other salaries and wages

    total $109,073,684 · program services $105,760,667 · management and general $3,313,017

  • 8 · Pension plan contributions

    total $4,772,905 · program services $4,498,988 · management and general $273,917

  • 9 · Other employee benefits

    total $16,253,664 · program services $15,320,866 · management and general $932,798

  • 10 · Payroll taxes

    total $8,174,681 · program services $7,705,537 · management and general $469,144

  • 11b · Fees: legal

    total $1,643,855 · management and general $1,643,855

  • 11c · Fees: accounting

    total $247,920 · management and general $247,920

  • 11g · Fees: other

    total $119,894,418 · program services $114,069,720 · management and general $5,824,698

  • 12 · Advertising and promotion

    total $1,688,040 · program services $394,265 · management and general $1,293,775

  • 13 · Office expenses

    total $87,290,069 · program services $85,813,822 · management and general $1,476,247

  • 16 · Occupancy

    total $5,823,544 · program services $5,807,203 · management and general $16,341

  • 17 · Travel

    total $249,758 · program services $215,594 · management and general $34,164

  • 20 · Interest

    total $4,639,899 · program services $4,639,899

  • 22 · Depreciation, depletion and amortization

    total $25,786,735 · program services $25,786,735

  • 23 · Insurance

    total $2,959,970 · program services $2,959,970

  • 24a · Other expenses: PROVIDER TAXES

    total $10,794,645 · program services $10,794,645

  • 24b · Other expenses: LIABILITY EXPENSE

    total $5,633,752 · program services $5,633,752

  • 24c · Other expenses: EMPLOYEE RECRUITMENT

    total $2,458,356 · program services $2,458,356

  • 24d · Other expenses: POSTAGE & SHIPPING

    total $203,022 · program services $168,052 · management and general $34,970

  • 24e · All other expenses

    total $127,526 · program services $127,526

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,944,192 · end of year $463,344

  • 4 · Accounts receivable

    beginning of year $68,463,334 · end of year $59,755,934

  • 8 · Inventories for sale or use

    beginning of year $12,305,123 · end of year $13,357,749

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,173,493 · end of year $4,939,073

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

    $652,931,146

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

    $291,284,512

  • 10c · Land, buildings and equipment, net

    beginning of year $357,166,813 · end of year $361,646,634

  • 11 · Investments: publicly traded securities

    beginning of year $195,475,441 · end of year $173,320,407

  • 13 · Investments: program-related

    beginning of year $9,570,599 · end of year $9,210,177

  • 14 · Intangible assets

    beginning of year $39,523 · end of year $39,523

  • 15 · Other assets

    beginning of year $39,819,207 · end of year $25,129,895

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,597,755 · end of year $113,205,275

  • 19 · Deferred revenue

    beginning of year $20,398,986 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $239,570,320 · end of year $233,293,522

  • 23 · Secured mortgages and notes payable

    beginning of year $8,569,075 · end of year $7,436,170

  • 27 · Net assets without donor restrictions

    beginning of year $345,821,589 · end of year $293,927,769

Mission and programs · 2022

Mission

SOUTHEAST GEORGIA HEALTH SYSTEM, INC., WILL PROVIDE SAFE, QUALITY, ACCESSIBLE, AND COST-EFFECTIVE CARE TO MEET THE HEALTH NEEDS OF THE PEOPLE AND COMMUNITIES IT SERVES.

  • EFFECTIVE MAY 1, 2015, THE AUTHORITY UNDERTOOK A CORPORATE RESTRUCTURING AND EXECUTED A LEASE AND TRANSFER AGREEMENT WITH SOUTHEAST GEORGIA HEALTH SYSTEM, INC. (THE SYSTEM), A GEORGIA NOT-FOR-PROFIT CORPORATION, (FORMERLY KINGS BAY COMMUNITY HOSPITAL, INC. 58-1911751), WHICH ASSUMED SUBSTANTIALLY ALL OF THE OPERATIONS, ASSETS, AND LIABILITIES OF THE AUTHORITY AND AGREED TO OPERATE THE FACILITIES THEREOF AS A COMMUNITY HEALTHCARE PROVIDER AND TO PERFORM AND ABIDE BY ALL COVENANTS, AGREEMENTS, AND RESTRICTIONS FOR AN INITIAL PERIOD OF FORTY YEARS. UNDER THE AGREEMENT, THE SYSTEM MAKES NOMINAL LEASE PAYMENTS TO THE AUTHORITY PLUS AMOUNTS SUFFICIENT TO MAKE DEBT SERVICE PAYMENTS ON AUTHORITY CONDUIT DEBT OBLIGATIONS AS THEY COME DUE AND ASSUMES ALL OPERATIONAL, FINANCIAL, INDIGENT CARE, AND COMMUNITY RESPONSIBILITIES. IN CONNECTION WITH THE RESTRUCTURING, THE AUTHORITY AND THE SYSTEM ENTERED INTO AN EMPLOYEE LEASE AGREEMENT WHEREBY THE AUTHORITY LEASED ALL OF ITS EMPLOYEES TO THE SYSTEM FROM JANUARY 1, 2016 THROUGH DECEMBER 31, 2016, AT COST. ALL LEASED AUTHORITY EMPLOYEES WERE CONVERTED TO SYSTEM EMPLOYMENT EFFECTIVE JANUARY 1, 2017.

    Expenses $395,021,002 · Grants $899,481 · Revenue $394,616,913

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen A Chitty MD

    BOARD MEMBER

    Total calculated
    $746,561
    From this org
    $704,622
    From related orgs
    $0
    Other
    $41,939
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,376
    Bonus
    $304,436
    Other
    $27,810
    Deferred
    $18,300
    Nontaxable benefits
    $23,639
    Filer's total
    $746,561

  • Mitchell T Jones MD

    BOARD MEMBER

    Total calculated
    $875,609
    From this org
    $838,955
    From related orgs
    $0
    Other
    $36,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,875
    Bonus
    $368,861
    Other
    $19,219
    Deferred
    $10,675
    Nontaxable benefits
    $25,979
    Filer's total
    $875,609

  • Shirley Wilson MD

    BOARD MEMBER

    Total calculated
    $459,183
    From this org
    $422,346
    From related orgs
    $0
    Other
    $36,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $335,096
    Bonus
    $63,675
    Other
    $23,575
    Deferred
    $18,300
    Nontaxable benefits
    $18,537
    Filer's total
    $459,183

  • Kay Hampton Msn

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • James B Jim Loomis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Michael D Hodges

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Valerie A Hepburn PhD

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Roosevelt Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas A Headlee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Angela Angie Heys CPA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert C Turner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Milton H Woody Woodside

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Byron S Raynes

    CEO

    Total calculated
    $914,995
    From this org
    $757,738
    From related orgs
    $0
    Other
    $157,257
    Hours/week
    40 + 14 related

    Schedule J breakdown matched by us

    Base
    $675,636
    Bonus
    $66,923
    Other
    $15,179
    Deferred
    $137,089
    Nontaxable benefits
    $20,168
    Filer's total
    $914,995

  • Christy D Jordan

    CLO

    Total calculated
    $490,678
    From this org
    $390,415
    From related orgs
    $0
    Other
    $100,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $339,982
    Bonus
    $0
    Other
    $50,433
    Deferred
    $74,132
    Nontaxable benefits
    $26,131
    Filer's total
    $490,678

  • John A Milazzo III

    VICE PRESIDENT & CFO

    Total calculated
    $423,028
    From this org
    $388,560
    From related orgs
    $0
    Other
    $34,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,256
    Bonus
    $0
    Other
    $38,304
    Deferred
    $14,488
    Nontaxable benefits
    $19,980
    Filer's total
    $423,028

  • Alan K Brown MD

    CMO

    Total calculated
    $576,383
    From this org
    $535,917
    From related orgs
    $0
    Other
    $40,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $377,199
    Bonus
    $113,154
    Other
    $45,564
    Deferred
    $14,488
    Nontaxable benefits
    $25,978
    Filer's total
    $576,383

  • Cynthia Gamache

    CNO

    Total calculated
    $333,996
    From this org
    $262,954
    From related orgs
    $0
    Other
    $71,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,940
    Bonus
    $0
    Other
    $6,014
    Deferred
    $70,884
    Nontaxable benefits
    $158
    Filer's total
    $333,996

  • Sanford Stephens III

    VP, SUPPORT SVCS

    Total calculated
    $266,878
    From this org
    $229,256
    From related orgs
    $0
    Other
    $37,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,279
    Bonus
    $0
    Other
    $4,977
    Deferred
    $13,732
    Nontaxable benefits
    $23,890
    Filer's total
    $266,878

  • Kathleen Wood

    VP, SGPA PHYS SVCS

    Total calculated
    $303,180
    From this org
    $263,464
    From related orgs
    $0
    Other
    $39,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,357
    Bonus
    $0
    Other
    $33,107
    Deferred
    $39,716
    Nontaxable benefits
    $0
    Filer's total
    $303,180

  • Delria Baisden

    VP, ANCILLARY SVCS

    Total calculated
    $253,233
    From this org
    $222,428
    From related orgs
    $0
    Other
    $30,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,421
    Bonus
    $0
    Other
    $49,007
    Deferred
    $11,726
    Nontaxable benefits
    $19,079
    Filer's total
    $253,233

  • Michael D Scherneck

    FORMER PRESIDENT & CEO

    Total calculated
    $769,501
    From this org
    $751,201
    From related orgs
    $0
    Other
    $18,300
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $19,632
    Bonus
    $2,060
    Other
    $729,509
    Deferred
    $18,300
    Nontaxable benefits
    $0
    Filer's total
    $769,501

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SOUTHEAST GEORGIA HEALTH SYSTEM INC. HAS CERTAIN EMPLOYEES THAT PARTICIPATE IN A 457(F) DEFERRED COMPENSATION PLAN WHICH GIVES SGHS AN OPPORTUNITY TO SUPPLEMENT THE RETIREMENT INCOME OF ITS SELECT MANAGEMENT GROUP OR HIGHLY COMPENSATED EMPLOYEES BY CONTRIBUTING TO A PLAN THAT WILL BE PAID TO THE EXECUTIVE AT RETIREMENT. UNDER THE TERMS OF THE PLAN THE FOLLOWING AMOUNTS WERE DEFERRED DURING CALENDAR YEAR 2022. SCOTT RAYNES: $118,789 CHRISTY JORDAN: $55,832 CYNDE GAMACHE: $55,343 KATHLEEN WOODS: $24,639 UNDER THE TERMS OF THE PLAN THE FOLLOWING AMOUNTS WERE INCLUDED IN THE FORM W-2 AS TAXABLE INCOME FOR CALENDAR YEAR 2022. MICHAEL SHERNECK: $702,509 CHRISTY JORDAN: $29,393 JOHN MILAZZO: $8,982 KATHLEEN WOODS: $18,688
PART I, LINE 6
COMPENSATION CONTINGENT ON NET EARNINGS OF THE ORGANIZATION: CERTAIN MEMBERS OF MANAGEMENT PARTICIPATE IN A MANAGEMENT INCENTIVE PLAN WHICH IS BASED ON A VARIETY OF MANAGERIAL, QUALITY AND FINANCIAL PERFORMANCE INDICATORS. HOWEVER, COMPENSATION IS PROVIDED UNDER THAT PLAN ONLY IF A CERTAIN NET EARNINGS THRESHOLD IS MET.

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

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.

  • SE GA CYBERKNIFE CENTER LLC

    MEDICAL SERVICES · GA

Related corporations and trusts

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

  • THOMAS & MILDRED BEACH FOUNDATION

    T · CHARITABLE REMAINDER TRUST · AL

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202430759349302113

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