Prisma Health-Midlands
- Assets
- $1.2b
- Revenue
- $1.5b
- Investments
- $37.2m
- Employees
- 11,182
- Location
- Columbia, SC
- Founding
- 02/1997
- Data as of
- 09/2021
- EIN
- 58-2296052
Organization Overview
Prisma Health-Midlands is located in Columbia, SC. The organization was established in 1997. 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 09/2021, Prisma Health-Midlands employed 11,182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prisma Health-Midlands 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 09/2021, Prisma Health-Midlands generated $1.5b in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.5b during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Prisma Health-Midlands has awarded 121 individual grants totaling $8,175,517. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE HEALTH. SERVE WITH COMPASSION. BE THE DIFFERENCE.
Describe the Organization's Program Activity:
PRISMA HEALTH WAS FORMED TO CREATE A BETTER STATE OF HEALTH FOR SOUTH CAROLINA. PRISMA HEALTH IS STRIVING TO REACH THAT GOAL BY PROVIDING HIGH QUALITY PATIENT CARE, DECREASING HEALTH DISPARITIES, REMOVING ACCESS BARRIERS, DEVELOPING NEW CLINICAL SERVICES AND ACADEMIC PROGRAMS, SHAPING HEALTH POLICY, AND ADDRESSING HEALTHCARE AFFORABILITY. PLEASE READ THE ANNUAL REPORT FOR MORE DETAIL ABOUT NEW AND EXPANDED SERVICES AND INNOVATIVE COLLABORATIONS AT THIS WEBSITE: HTTPS://PRISMAHEALTH.ORG/PDFS/HIGHLIGHTS-AND-STATISTICS-REPORT-FY-2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer M Risinger Physician | 40 | $564,037 | |
Michael Bundy Ceo, Ph Bptst & Ph Bptst Parkridge Hsptls | 40 | $523,178 | |
Vince Ford SVP Community Affairs | 40 | $522,730 | |
Greta S Harper Acute Care Chief Medical Officer | 40 | $505,853 | |
Matthew Rm Fowler Sr. VP And Deputy General Counsel | Officer | 1 | $486,984 |
Elmer Polite Vp, Chief Fin. Executive | 40 | $449,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation It & Medical Record Hosting | 9/29/20 | $26,958,998 |
Carolina Care Emergency Care Physicians | 9/29/20 | $19,412,302 |
Qualivis Llc Clinical Staffing Services | 9/29/20 | $10,173,492 |
Allied Universal Security Services | 9/29/20 | $5,812,436 |
Landmark Builders Of Sc Llc Construction Services | 9/29/20 | $5,709,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,988,821 |
| Government grants | $18,761,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,666,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,417,062 |
| Total Program Service Revenue | $1,462,936,292 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,075,538 |
| Net Gain/Loss on Asset Sales | -$147,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,502,045,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $667,138 |
| 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. | $538,527 |
| Compensation of current officers, directors, key employees. | $538,527 |
| Compensation to disqualified persons | $89,460 |
| Other salaries and wages | $499,223,784 |
| Pension plan accruals and contributions | $10,731,157 |
| Other employee benefits | $74,240,570 |
| Payroll taxes | $31,848,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,467 |
| Fees for services: Accounting | $286,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,511,815 |
| Advertising and promotion | $0 |
| Office expenses | $847,077 |
| Information technology | $1,782,500 |
| Royalties | $0 |
| Occupancy | $77,330,846 |
| Travel | $1,492,262 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $865,678 |
| Interest | $1,662,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,778,582 |
| Insurance | $10,269,237 |
| All other expenses | $3,948,043 |
| Total functional expenses | $1,457,464,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,649,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,193,947 |
| Accounts receivable, net | $313,610,340 |
| Loans from Officers, Directors, or Controlling Persons | $5,433,719 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,805 |
| Inventories for sale or use | $35,907,167 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $469,487,434 |
| Investments—publicly traded securities | $102,414 |
| Investments—other securities | $37,196,368 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $331,529,665 |
| Total assets | $1,197,125,878 |
| Accounts payable and accrued expenses | $122,275,840 |
| Grants payable | $0 |
| Deferred revenue | $3,377,658 |
| Tax-exempt bond liabilities | $119,481,841 |
| 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 | $166,114,447 |
| Total liabilities | $411,249,786 |
| Net assets without donor restrictions | $748,933,565 |
| Net assets with donor restrictions | $36,942,527 |
| 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 | $1,197,125,878 |
Grants Awarded
Over the last fiscal year, Prisma Health-Midlands has awarded $667,138 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $345,000 |
Columbia, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $90,000 |
Columbia, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $40,000 |
FOODSHARE SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $34,000 |
PRISMA HEALTH CARE AND CONDITION MANAGEMENT TEAM COLUMBIA HOUSING AUTHORITY Org PageRecipient ProfileGreenville, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $33,138 |
Columbia, SC PURPOSE: OPERATIONAL/COMMUNITY ENGAGEMENT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Prisma Health-Midlands has recieved totaling $404,312.
| Awarding Organization | Amount |
|---|---|
Childrens Trust Fund Of South Carolina Columbia, SC PURPOSE: MATERNAL, INFANT, EARLY CHILDHOOD HOME VISITING | $201,897 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $70,889 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $42,310 |
Public Health Institute Oakland, CA PURPOSE: Research | $33,700 |
United Way Of The Midlands Columbia, SC PURPOSE: PROGRAM FUNDING | $33,000 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $15,016 |
Endowment Analysis
| Beg. Balance | $6,288,028 |
| Net Contributions | $5,041,758 |
| Other Expense | $5,157,229 |
| Ending Balance | $6,172,557 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Mcleod Health Florence, SC | $136,994,943 | $254,765,554 |
Southeastern Regional Medical Center Lumberton, NC | $385,532,976 | $242,647,882 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |
Navicent Health Inc Macon, GA | $383,086,657 | $138,628,462 |
Roper St Francis Healthcare Ladson, SC | $1,586,496,550 | $128,168,490 |
Moses Cone Affiliated Physicians Inc Greensboro, NC | $47,445,298 | $123,595,206 |
University Health Incoporated Augusta, GA | $79,627,857 | $93,887,435 |
Prisma Health Greenville, SC | $2,651,815,671 | $151,725,809 |
North Carolina Community Carenetworks Inc Cary, NC | $71,055,528 | $122,918,658 |
Georgetown Hospital System Georgetown, SC | $75,419,606 | $78,168,035 |