Musc Health Partners is located in Charleston, SC. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2022, Musc Health Partners employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musc Health Partners 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 06/2022, Musc Health Partners generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 2 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A SOUTH CAROLINA NONPROFIT CORPORATION FORMED FOR THE PURPOSE TO ADVANCE AND SUPPORT UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (UMA), A SOUTH CAROLINA NONPROFIT CORPORATION WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES THE HEALTH CARE SYSTEM FACILITIES. UMA IS A PHYSICIAN PRACTICE FOR MUSC CLINICAL FACULTY THAT FACILITATES THE PROVISION OF INPATIENT AND OUTPATIENT SERVICES IN FURTHERANCE AND FOR THE BENEFIT OF MUSC. THE MAIN MUSC CAMPUS IS LOCATED IN DOWNTOWN CHARLESTON, SOUTH CAROLINA, BUTEDUCATES AND SERVES INDIVIDUALS PRIMARILY THROUGHOUT THE STATE. THE CORPORATION FACILITATES THE DEPLOYMENT OF CLINICAL RESOURCES INTO COMMUNITIES OUTSIDE OF THE CHARLESTON MAIN CAMPUS OF THE HEALTH SYSTEM. THE CORPORATION ACCOMPLISHES THIS OBJECTIVE PRIMARILY THROUGH ITS OWNERSHIP AND MANAGEMENT OF CAROLINA PRIMARY CARE PHYSICIANS, LLC (CPCP), A SOUTH CAROLINA LIMITED LIABILITY COMPANY WHICH HAS ELECTED TO BE TAXED AS A CORPORATION. A COPY OF THE CPCP OPERATING AGREEMENT ISATTACHED AS EXHIBIT 1. CPCP IS A MANAGER-MANAGED LIMITED LIABILITY COMPANY. THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION AND THE CHIEF PHYSICIAN EXECUTIVE OF UMA ARE THE MANAGERS. THE CORPORATION IS THE SOLE MEMBER OF CPCP.CPCP EMPLOYS CLINICAL AND ADMINISTRATIVE STAFF. CPCP EMPLOYEES PROVIDEPROFESSIONAL SERVICES TO CAROLINA FAMILY CARE, INC.(CFC), A SOUTHCAROLINA CORPORATION. CFC OPERATES APPROXIMATELY 66 MEDICAL CLINICSLOCATED IN CHARLESTON, FLORENCE, AND LANCASTER SOUTH CAROLINA. CFC ISOWNED BY UMA. THE CORPORATION PROVIDES MANAGEMENT SERVICES TO CPCP. THECORPORATIONS OWNERSHIP AND MANAGEMENT OF CPCP AND CPCPS EMPLOYMENT OFPHYSICIANS AND STAFF ALLOWS PHYSICIANS TO BE EMPLOYED ON TERMS ANDCONDITIONS THAT WOULD NOT OTHERWISE BE AVAILABLE IF THE PHYSICIANS ANDSTAFF WERE EMPLOYED DIRECTLY BY UMA. THE FLEXIBILITY TO OFFER DIFFERINGTERMS AND CONDITIONS OF EMPLOYMENT FACILITATES THE ABILITY OF UMA ANDCFC TO PROVIDE COMMUNITY MEDICAL SERVICES IN A COST-EFFECTIVE MANNERTHAT IS NOT BURDENED BY THE REQUIREMENTS APPLICABLE TO AN ACADEMICHEALTH SYSTEM. CFC CONTRACTS WITH THE CORPORATION TO PROVIDE MANAGEMENTSERVICES. THE CORPORATION IN TURN SUBCONTRACTS WITH UMA AND, IN SOMEINSTANCES, MUHA TO PROVIDE A PORTION OF THE MANAGEMENT SERVICES.IN ADDITION TO THE FORGOING, THE CORPORATION PROVIDES PROFESSIONALSERVICES BY AND THROUGH EMPLOYED PHYSICIANS. PROFESSIONAL SERVICES AREPROVIDED TO GEORGETOWN RADIATION THERAPY CENTER, A JOINT VENTURE OWNEDBY GEORGETOWN HOSPITAL SYSTEM AND UMA, AND TIDELANDS NEUROSCIENCES, ANEUROSURGERY PRACTICE IN THE GEORGETOWN COUNTY AREA DEVELOPED BY THECORPORATION, GEORGETOWN HOSPITAL SYSTEM, AND WACCAMAW COMMUNITYHOSPITAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matt Severance Director | Trustee | 1 | $0 |
Gene Hong MD CEO | OfficerTrustee | 1 | $0 |
Andrew Eiseman MD Treasurer | OfficerTrustee | 1 | $0 |
Terrence Steyer MD President | Trustee | 1 | $0 |
Susan Ackerman MD Director | Trustee | 1 | $0 |
John Mcdonald MD Director | Trustee | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $3,479,137 |
Investment income | $0 |
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 | $3,484,423 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,082,621 |
Pension plan accruals and contributions | $132,679 |
Other employee benefits | $706,394 |
Payroll taxes | $208,177 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $315 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,902 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $370 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,032 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $22,821 |
All other expenses | $0 |
Total functional expenses | $3,401,312 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $965,266 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $226,216 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $112,631 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $781,037 |
Total assets | $2,085,150 |
Accounts payable and accrued expenses | $79,136 |
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 | $1,678,386 |
Total liabilities | $1,757,522 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $327,628 |
Total liabilities and net assets/fund balances | $2,085,150 |