Georgetown Hospital System
- Assets
- $107.4m
- Revenue
- $89.9m
- Investments
- $0.0
- Employees
- 2,607
- Location
- Georgetown, SC
- Founding
- 10/2003
- Data as of
- 09/2023
- EIN
- 02-0598440
Organization Overview
Georgetown Hospital System, operating under the name Tidelands Health, is located in Georgetown, SC. The organization was established in 2003. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 09/2023, Tidelands Health employed 2,607 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tidelands Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Tidelands Health generated $89.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $109.2m during the year ending 09/2023. While expenses have increased by 15.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN THE PROVISION OF HEALTH CARE TO RESIDENTS OF GEORGETOWN COUNTY BY PROVIDING PAYROLL AND MANAGEMENT SERVICES TO WACCAMAW COMMUNITY HOSPITAL AND GEORGETOWN MEMORIAL HOSPITAL, BOTH 501(C)(3) TAX EXEMPT HOSPITALS.THE PROGRAM SERVICE REVENUE RECORDED ON PAGE 9 OF THE FORM 990, AS WELL AS THE FUNCTIONAL EXPENSES ON PAGE 10, REPRESENTS THE ACTIVITIES OF GEORGETOWN PHYSICIAN SERVICES, LLC, GHS TRANSITIONAL CARE LLC, TIDELANDS HEALTH MARKET COMMON LLC, AND TIDELANDS HEALTH ASC WHOLLY-OWNED DISREGARDED NONPROFIT ENTITIES. THESE ACTIVITIES ARE NOT RELATED TO PROVIDING PAYROLL AND MANAGEMENT SERVICES TO GEORGETOWN MEMORIAL HOSPITAL AND WACCAMAW COMMUNITY HOSPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr J Edward Norris III Chairman | OfficerTrustee | 2 | $0 |
Mr Daniel Scheffing Vice Chairman | OfficerTrustee | 2 | $0 |
Mr Julian A Reynolds Jr Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mr Francis B Ford Jr Trustee | Trustee | 2 | $0 |
Mr Robert L Jones Trustee | Trustee | 2 | $0 |
Ms Judith K Ingle Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Getixhealth Holding Corporation Billing & Collection Services | 9/29/23 | $1,644,809 |
H3c Llc Billing Services | 9/29/23 | $1,217,657 |
Hayes Locums Llc Physician Services | 9/29/23 | $1,094,856 |
Eclinicalworks Llc Information Technology | 9/29/23 | $1,105,992 |
Comphealth Medical Staffing Clinical Staffing | 9/29/23 | $994,851 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,000,000 |
| Total Program Service Revenue | $56,996,075 |
| Investment income | $259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,905,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,013,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,006,076 |
| Pension plan accruals and contributions | $2,124,669 |
| Other employee benefits | $4,738,761 |
| Payroll taxes | $3,268,628 |
| Fees for services: Management | $124,706 |
| Fees for services: Legal | $679,912 |
| Fees for services: Accounting | $13,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,356,517 |
| Advertising and promotion | $127,474 |
| Office expenses | $6,929,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $545,049 |
| Travel | $352,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,571,042 |
| Insurance | $2,343,617 |
| All other expenses | $0 |
| Total functional expenses | $109,159,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,568,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,322,323 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,888 |
| Prepaid expenses and deferred charges | $1,230,335 |
| Net Land, buildings, and equipment | $8,265,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $22,200,090 |
| Intangible assets | $1,557,801 |
| Other assets | $33,212,127 |
| Total assets | $107,401,946 |
| Accounts payable and accrued expenses | $20,220,322 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,017,563 |
| Total liabilities | $22,237,885 |
| Net assets without donor restrictions | $85,164,061 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $107,401,946 |