Conway Hospital Inc
- Assets
- $554.7m
- Revenue
- $217.2m
- Investments
- $0.0
- Employees
- 1,787
- Location
- Conway, SC
- Founding
- 01/1955
- Data as of
- 09/2020
- EIN
- 57-0314381
Organization Overview
Conway Hospital Inc, operating under the name Conway Medical Center, is located in Conway, SC. The organization was established in 1955. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Conway Medical Center employed 1,787 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Conway Medical Center 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 09/2020, Conway Medical Center generated $217.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $204.9m during the year ending 09/2020. While expenses have increased by 6.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE AN ACUTE CARE HOSPITAL SERVING HORRY AND SURROUNDING COUNTIES. (CONTINUED IN SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bret Barr CEO & Trustee | Officer | 40 | $708,692 |
Aaron Epstein Physician | 40 | $705,271 | |
Samer Charbel Physician | 40 | $694,611 | |
Stephen Brady Physician | 40 | $671,668 | |
Hafez Hayek Physician | 40 | $649,480 | |
Meghan Malone Physician | 40 | $606,141 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monteith Construction Corp Construction | 9/29/21 | $9,670,869 |
Hospital Medicine Associates Llc Physician | 9/29/21 | $2,727,150 |
Harrell Design Group Construction | 9/29/21 | $1,980,903 |
Cerner Technical | 9/29/21 | $3,924,789 |
Qualivis Llc Nursing | 9/29/21 | $1,481,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,326,434 |
| Investment income | $6,899,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $360,551 |
| Net Gain/Loss on Asset Sales | $12,006,645 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,207,956 |
| Statement of Expenses | |
|---|---|
| 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. | $5,404,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,824,756 |
| Pension plan accruals and contributions | $2,382,428 |
| Other employee benefits | $15,793,562 |
| Payroll taxes | $5,267,174 |
| Fees for services: Management | $11,667,646 |
| Fees for services: Legal | $1,439,899 |
| Fees for services: Accounting | $244,420 |
| Fees for services: Lobbying | $65,324 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,065,072 |
| Advertising and promotion | $0 |
| Office expenses | $1,731,010 |
| Information technology | $8,874,215 |
| Royalties | $0 |
| Occupancy | $6,517,606 |
| Travel | $10,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,869,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,996,865 |
| Insurance | $1,901,556 |
| All other expenses | $0 |
| Total functional expenses | $204,872,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,006,307 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,893,108 |
| Loans from Officers, Directors, or Controlling Persons | $4,947,668 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,267,163 |
| Inventories for sale or use | $4,912,006 |
| Prepaid expenses and deferred charges | $2,453,772 |
| Investments—publicly traded securities | $224,188,836 |
| Investments—other securities | $0 |
| Investments—program-related | $7,265,867 |
| Intangible assets | $3,384,912 |
| Other assets | $136,008,706 |
| Total assets | $554,679,264 |
| Accounts payable and accrued expenses | $33,776,091 |
| Grants payable | $0 |
| Deferred revenue | $491,730 |
| Tax-exempt bond liabilities | $55,760,383 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $256,831 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,218,000 |
| Total liabilities | $133,503,035 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $421,176,229 |
Grants Awarded
Over the last fiscal year, Conway Hospital Inc has awarded $15,409 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: GENERAL PURPOSE | $9,250 |
Myrtle Beach, SC PURPOSE: GENERAL PURPOSE | $6,159 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Conway Hospital Inc has recieved totaling $668,298.
| Awarding Organization | Amount |
|---|---|
Duke Endowment Charlotte, NC PURPOSE: TO EXPAND A COMMUNITY NETWORK OF CARE FOR THE LOW-INCOME, UNINSURED IN HORRY COUNTY. | $250,000 |
Duke Endowment Charlotte, NC PURPOSE: TO DEVELOP A RESIDENCY PROGRAM FOR FAMILY MEDICINE PHYSICIANS. | $200,000 |
Duke Endowment Charlotte, NC PURPOSE: TO PROVIDE MOBILE 3D MAMMOGRAPHY TO LOW-INCOME, UNINSURED PATIENTS IN HORRY COUNTY. | $190,000 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $28,267 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Endowment Analysis
| Beg. Balance | $5,087,278 |
| Earnings | $937,342 |
| Net Contributions | $369,502 |
| Other Expense | $259,792 |
| Ending Balance | $6,134,330 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |
Piedmont Athens Regional Medical Center Inc Athens, GA | $481,881,509 | $586,558,385 |
Fayette Community Hospital Inc Fayetteville, GA | $249,474,622 | $553,195,629 |
Piedmont Henry Hospital Inc Stockbridge, GA | $235,296,408 | $486,794,588 |