Bon Secours-St Francis Xavier Hospital Inc
Operation of nonprofit hospital facility in Charleston, SC.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$620.6M
Total Expenses
$495.1M
Net Assets
$288.4M
Employees
1,212
Volunteers
132
Grants Paid
$254K
Program Expense Ratio
90.4%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours-St Francis Xavier Hospital Inc (EIN: 57-1067254), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Bon Secours-St Francis Xavier Hospital Inc is a 501(c)(3) nonprofit headquartered in Ladson, SC, founded in 1998. The organization has held tax-exempt status since 1998. In its 2024 filing, the organization reported $620.6M in total revenue, a 6.9% increase from the prior year, and $495.1M in total expenses. The organization employed 1,212 people and engaged 132 volunteers. Wael Haidar MD, Board Member, BSMH CHIEF CLINICAL OFFICER, is the highest-compensated individual at $2,539,165. The organization runs 1 program, totaling $447.4M in program expenses. 6 of 6 recommended governance policies are in place.
Bon Secours-St Francis Xavier Hospital Inc is classified under NTEE code E220. Its foundation type is 12.
Programs(Tax Year 2024)
1 record
Bon Secours-St Francis Xavier Hospital Inc operates 1 program, with total program expenses of $447.4M. Bon Secours-St Francis Xavier Hospital Inc's largest program accounts for 100% of total program spending.
Known for compassionate, quality health care, Bon Secours St. Francis Xavier Hospital traces its mission back to 1882 when five Sisters of Charity of Our Lady of Mercy opened St. Francis Infirmary in downtown Charleston as the first Catholic medical center in the state. Bon Secours St. Francis Xavier Hospital offers the latest medical technology and comprehensive acute care while honoring its commitment to caring for the "whole person" - physically, spiritually and emotionally. In 2024, Bon Secours St. Francis Xavier Hospital contributed $11.9 million in community benefit.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Bon Secours-St Francis Xavier Hospital Inc's revenue has grown from $254.6M to $620.6M, a 143.8% increase. Program expenses represent 90% of total spending.
Revenue increased 6.9% year-over-year, while expenses grew 3.6%. the organization reduced headcount by 343 employees.
Bon Secours-St Francis Xavier Hospital Inc derives 1% from contributions and grants, with 99% from program services.
Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.
Bon Secours-St Francis Xavier Hospital Inc allocates 90% to programs, 10% to management and general.
Revenue grew by 6.9% and expenses grew by 3.6% year over year.
Bon Secours-St Francis Xavier Hospital Inc distributed $254K in grants to other organizations and individuals, representing 0% of total expenses.
Over 6 filings from 2019–2024, Bon Secours-St Francis Xavier Hospital Inc grew revenue from $254.6M to $620.6M (+143.8%) while maintaining a program expense ratio of 90%. During this period, the organization grew from 978 to 1,212 employees.
Bon Secours-St Francis Xavier Hospital Inc holds $319.0M in total assets against $30.6M in liabilities (debt-to-asset ratio of 10%). The organization has 7.0 months of operating reserves. Cash and equivalents of $1K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $620.6M | $8.5M | $7.2M | $611.7M | $-304K |
| 2023 | $580.5M | $803K | $45K | $578.9M | $64K |
| 2022 | $309.3M | $2.8M | $236K | $305.1M | $-127K |
| 2021 | $277.7M | $6.3M | $6.1M | $270.6M | $-410K |
| 2020 | $251.4M | $7.7M | $6.2M | $242.6M | $9K |
| 2019 | $254.6M | $521K | $0 | $252.4M | $-11K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $495.1M | $447.4M | $47.7M | $0 | $254K |
| 2023 | $477.9M | $429.8M | $46.5M | $0 | $18K |
| 2022 | $267.9M | $234.1M | $33.8M | $0 | $4K |
| 2021 | $229.8M | $201.1M | $28.7M | $0 | $51K |
| 2020 | $204.1M | $182.7M | $21.3M | $0 | $59K |
| 2019 | $200.4M | $178.8M | $21.6M | $0 | $325 |
Program Expense Ratio
90.4%
Admin Expense Ratio
9.6%
Fundraising Efficiency
—
Operating Reserve
7.0 mo
People & Compensation(Tax Year 2024)
32 records
Bon Secours-St Francis Xavier Hospital Inc reported compensation for 32 officers and key employees. Total officer compensation was $25.4M, representing 5.1% of total expenses. 23 individuals received total compensation exceeding $500,000.
Bon Secours-St Francis Xavier Hospital Inc's highest-compensated individual received $2.5M in total compensation. Total officer compensation of $25.4M represents 5.1% of total expenses. 9 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Wael Haidar MD | Board Member, BSMH CHIEF CLINICAL OFFICER | Director | 0.50 | $0 | $1,988,113 | $2,539,165 |
| Jeffrey DiLisi | Former President/CEO RSFH | Former | — | $0 | $2,056,692 | $2,068,411 |
| JOSEPH GAGE JR JD | Board Member, BSMH Chief HR Officer | Director | 0.50 | $0 | $1,480,052 | $1,778,346 |
| Michael Lutes | Board Member, Richmond Market President - BSMH | Director | 0.50 | $0 | $1,113,136 | $1,433,183 |
| Scott Woodfield MD | Board Vice Chair, RSFPP Physician | OfficerDirector | 0.50 | $0 | $1,167,520 | $1,223,580 |
| Yanis Bellil MD | Oncology/Hematology | Highest Comp | 50.00 | $1,157,145 | $0 | $1,200,381 |
| Brian Cuddy MD | Former Chairperson, Neurosurgeon - RSFPP | Former | — | $0 | $1,129,716 | $1,185,598 |
| Eric Smith | Board Member, CFO Ambulatory Finance - BSMH | Director | 0.50 | $0 | $854,751 | $1,011,638 |
| Matthew Beldner | Oncology/Hematology | Highest Comp | 50.00 | $962,278 | $0 | $1,009,791 |
| Kevin Hoak | SVP AND COO | Officer | 1.00 | $0 | $964,758 | $992,204 |
| Megan Baker MD | Interim President/CEO; SVP & COO | Officer | 1.00 | $0 | $901,811 | $980,327 |
| Mark Burbridge MD | Oncology/Hematology | Highest Comp | 50.00 | $933,719 | $0 | $957,475 |
| John Spratt MD | Board Member, Physician | Director | 0.50 | $0 | $891,404 | $950,812 |
| Jenny Riley MD | Oncology/Hematology | Highest Comp | 50.00 | $869,495 | $0 | $900,247 |
| Ryan Kalinsky MD | Oncology/Hematology | Highest Comp | 50.00 | $791,125 | $0 | $833,765 |
| Mitchell Siegan MD | VP CMO - Acute Care | Key Employee | 10.00 | $0 | $710,621 | $822,599 |
| Brian Yanofchick | Board Member, Chief Sponsorship Officer-BSMH | Director | 0.50 | $0 | $716,610 | $739,855 |
| Matthew Desmond | VP Chief Transformation Officer, Regional President - BSSF/MPH | Officer | 10.00 | $0 | $552,522 | $642,764 |
| Cheryl Dalton-Norman | Board Member, President - Conduit Health Partners | Director | 0.50 | $0 | $580,510 | $620,247 |
| Troy Powell | Former Key, VP Post Acute Care Services | Former | — | $0 | $518,180 | $609,237 |
| Joseph DeLeon | President/CEO RSFH | Officer | 1.00 | $0 | $532,392 | $602,447 |
| Henry West MD | Board Member, Surgeon - RSFPP | Director | 0.50 | $0 | $548,163 | $590,653 |
| Brad Grosteffon | Interim CFO/Treasurer | Officer | 1.00 | $0 | $519,231 | $584,779 |
| Susan Datta MD | Board Member, Internist - RSFPP | Director | 0.50 | $0 | $415,338 | $432,813 |
| Tavia Buck | Chief Nursing Officer - BSSF | Key Employee | 50.00 | $286,131 | $0 | $300,253 |
| Rebecca Tucker | CFO/Treasurer | Officer | 1.00 | $0 | $234,228 | $262,074 |
| Rosemary Maree | Senior Mission Officer | Officer | 1.00 | $0 | $81,182 | $85,110 |
| Roberta Pinckney | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Kay W Phillips PhD | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Karen Wrighten | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Edward McKelvey | Board Chair | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Charles Ford Rivers III | Board Member | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Scott Woodfield MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
John Spratt MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Susan Datta MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Henry West MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Wael Haidar MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
JOSEPH GAGE JR JD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Eric Smith
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Michael Lutes
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brian Yanofchick
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Cheryl Dalton-Norman
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jeffrey DiLisi
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brian Cuddy MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Joseph DeLeon
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Rebecca Tucker
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Matthew Desmond
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Kevin Hoak
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Megan Baker MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Brad Grosteffon
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Troy Powell
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Tavia Buck
Base Salary
$166,599
Bonus
$36,104
Other Reportable
$83,428
Retirement/Deferred
$13,796
Nontaxable Benefits
$326
Mitchell Siegan MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jenny Riley MD
Base Salary
$493,233
Bonus
$352,259
Other Reportable
$24,003
Retirement/Deferred
$12,221
Nontaxable Benefits
$18,531
Matthew Beldner
Base Salary
$488,909
Bonus
$417,305
Other Reportable
$56,064
Retirement/Deferred
$10,350
Nontaxable Benefits
$37,163
Yanis Bellil MD
Base Salary
$473,164
Bonus
$636,309
Other Reportable
$47,672
Retirement/Deferred
$10,350
Nontaxable Benefits
$32,886
Ryan Kalinsky MD
Base Salary
$472,892
Bonus
$271,118
Other Reportable
$47,115
Retirement/Deferred
$10,350
Nontaxable Benefits
$32,290
Mark Burbridge MD
Base Salary
$499,012
Bonus
$410,592
Other Reportable
$24,115
Retirement/Deferred
$10,350
Nontaxable Benefits
$13,406
Governance & Compliance(Tax Year 2024)
Bon Secours-St Francis Xavier Hospital Inc has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 13 members, 3 of whom are independent.
Bon Secours-St Francis Xavier Hospital Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
6 records
The organization also provided grants to individuals (168 recipients) totaling $251K, including other patient assistance, patient transportation, prescription assistance, living expenses, medical devices, car payment.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| Other Patient Assistance | 14 | $157K |
| Patient Transportation | 87 | $35K |
| Prescription Assistance | 11 | $27K |
| Living Expenses | 37 | $21K |
| Medical Devices | 5 | $7K |
| Car Payment | 14 | $5K |
Filing History(Tax Years 1998–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $620.6M | $495.1M | $288.4M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $580.5M | $477.9M | $289.5M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $309.3M | $267.9M | $322.0M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $277.7M | $229.8M | $374.1M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $251.4M | $204.1M | $296.3M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $254.6M | $200.4M | $232.7M |
| 1998–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Bon Secours-St Francis Xavier Hospital Inc do?
Operation of nonprofit hospital facility in Charleston, SC.
How much revenue does Bon Secours-St Francis Xavier Hospital Inc have?
Bon Secours-St Francis Xavier Hospital Inc reported $620,583,353 in total revenue for tax year 2024, up 6.9% from the prior year.
Who is the highest-paid executive at Bon Secours-St Francis Xavier Hospital Inc?
Wael Haidar MD, Board Member, BSMH CHIEF CLINICAL OFFICER, received $2,539,165 in total compensation as of tax year 2024.
Is Bon Secours-St Francis Xavier Hospital Inc a 501(c)(3)?
Yes, Bon Secours-St Francis Xavier Hospital Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours-St Francis Xavier Hospital Inc located?
Bon Secours-St Francis Xavier Hospital Inc is headquartered in Ladson, SC 29456.
How many employees does Bon Secours-St Francis Xavier Hospital Inc have?
Bon Secours-St Francis Xavier Hospital Inc has 1,212 employees and 132 volunteers as of tax year 2024.
Is Bon Secours-St Francis Xavier Hospital Inc audited?
Yes, Bon Secours-St Francis Xavier Hospital Inc's financial statements are audited, and the organization has an audit committee.
Does Bon Secours-St Francis Xavier Hospital Inc give grants?
Yes, Bon Secours-St Francis Xavier Hospital Inc distributed $254,499 in grants to other organizations and individuals in tax year 2024.
Data Source
Prepared by: GRANT THORNTON ADVISORS LLC, ARLINGTON, VA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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