Nonprofits/Organizations/26-2946628
Active
501(c)(3)
E31 · Healthcare
Form 990

Roper Saint Francis Physicians Network

DBA: Roper St Francis Physician Partners

EIN 26-2946628Ladson, SC 29456Founded 2008WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

Nonprofit physician practice operations in conjunction with Roper St. Francis Healthcare

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$213.0M

+12.2%YoY

Total Expenses

$329.5M

+11.1%YoY

Net Assets

$11.7M

-13.7%YoY

Employees

1,683

-7.7%YoY

Volunteers

3

Grants Paid

$7K

Program Expense Ratio

81.3%

This nonprofit profile presents IRS Form 990 tax filing data for Roper Saint Francis Physicians Network (EIN: 26-2946628), 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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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue grew +12.2% to $213.0M
Program spending ratio of 81.3% — good
0.4 months of operating reserves — limited runway
Expenses increased +11.1% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
13-member board, 3 independent

Compensation

Top compensation: $2,539,165 (Board Member, BSMH CHIEF CLINICAL OFFICER)
Top exec pay is 0.8% of total expenses — very modest
Schedule J filed for 23 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
81.3% of spending goes to programs
1 program generates revenue — self-sustaining activity
$7K in grants paid to other organizations
3 volunteers engaged

Financial Stability

Debt-to-asset ratio of 87.6% — significant debt load
0.3 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources
Net assets consistently growing over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

Roper Saint Francis Physicians Network is a 501(c)(3) nonprofit headquartered in Ladson, SC, founded in 2008. It is classified under NTEE code E31 (Group Health Practices), within the Healthcare category. The organization has held tax-exempt status since 2009. In its 2024 filing, the organization reported $213.0M in total revenue, a 12.2% increase from the prior year, and $329.5M in total expenses. The organization employed 1,683 people and engaged 3 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 $268.0M in program expenses. 5 of 6 recommended governance policies are in place.

Roper Saint Francis Physicians Network is classified under NTEE code E31 (Group Health Practices), which falls within the Healthcare category. Its foundation type is 15.

Programs(Tax Year 2024)

1 record

Programs Overview

Roper Saint Francis Physicians Network operates 1 program, with total program expenses of $268.0M. Roper Saint Francis Physicians Network's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $268,024,758

Roper St. Francis Physician Partners is a not-for-profit, unified group of primary and specialty care physicians providing care across the Lowcountry. Our footprint includes over 100 locations throughout five counties. Our team consists of more than 230 physicians representing 18 specialties. Roper St. Francis Physician Partners contributed $11.26 million in community benefit in 2024. This benefit includes charity care, unreimbursed Medicaid, and numerous sponsorships and community outreach programs. The network gives back through volunteer staff hours that includes health fairs, health education and lectures and career days that benefited individuals in the community.

Financial Overview(Tax Years 2019–2024)

6 records

Financial Highlights

Over the past 6 years, Roper Saint Francis Physicians Network's revenue has grown from $180.1M to $213.0M, a 18.3% increase. Program expenses represent 81% of total spending.

Revenue increased 12.2% year-over-year, while expenses grew 11.1%. net assets fell to $11.7M, down 13.7% from the prior year. the organization reduced headcount by 141 employees.

Roper Saint Francis Physicians Network derives 1% from contributions and grants, with 98% from program services, with 0% from investment income.

Revenue is heavily concentrated: 98% comes from program service revenue, indicating limited diversification.

Roper Saint Francis Physicians Network allocates 81% to programs, 19% to management and general.

Revenue grew by 12.2% and expenses grew by 11.1% year over year.

Roper Saint Francis Physicians Network distributed $7K in grants to other organizations and individuals, representing 0% of total expenses.

Over 6 filings from 2019–2024, Roper Saint Francis Physicians Network grew revenue from $180.1M to $213.0M (+18.3%) while maintaining a program expense ratio of 81%. During this period, the organization grew from 1,320 to 1,683 employees.

Roper Saint Francis Physicians Network holds $94.4M in total assets against $82.7M in liabilities (debt-to-asset ratio of 88%). The organization has 0.4 months of operating reserves. Cash and equivalents of $7.5M cover approximately 0.3 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$213.0M$2.3M$1.6M$208.0M$10K
2023$189.8M$1.7M$1.5M$186.1M$-76K
2022$211.3M$972K$117K$208.6M$134K
2021$217.0M$11.8M$11.2M$204.1M$220K
2020$168.7M$5.2M$3.4M$159.8M$-2K
2019$180.1M$429K$0$176.2M$-44K

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$329.5M$268.0M$61.5M$0$7K
2023$296.7M$242.0M$54.4M$0$0
2022$302.7M$253.0M$49.7M$0$0
2021$287.2M$240.9M$46.3M$0$0
2020$245.4M$212.7M$32.7M$0$0
2019$243.6M$205.2M$38.4M$0$200

Program Expense Ratio

81.3%

Admin Expense Ratio

18.7%

Fundraising Efficiency

Operating Reserve

0.4 mo

People & Compensation(Tax Year 2024)

28 records

Compensation Summary

Roper Saint Francis Physicians Network reported compensation for 28 officers and key employees. Total officer compensation was $25.1M, representing 7.6% of total expenses. 18 individuals received total compensation exceeding $500,000.

Roper Saint Francis Physicians Network's highest-compensated individual received $2.5M in total compensation. Total officer compensation of $25.1M represents 7.6% of total expenses. 11 individuals received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
Wael Haidar MDBoard Member, BSMH CHIEF CLINICAL OFFICER
Director
0.50$0$1,988,113$2,539,165
George Khoury MDNeurosurgeon
Highest Comp
50.00$2,116,234$0$2,166,900
Matt Neal MDNeurosurgeon
Highest Comp
50.00$1,839,684$0$1,899,501
JOSEPH GAGE JR JDBoard Member, BSMH Chief HR Officer
Director
0.50$0$1,480,052$1,778,346
Clayton Haldeman MDNeurosurgeon
Highest Comp
50.00$1,661,804$0$1,705,708
John Steichen MDNeurosurgeon
Highest Comp
50.00$1,595,916$0$1,655,910
John McCrosson MDOrthopaedic Surgeon
Highest Comp
50.00$1,540,676$0$1,585,826
Michael LutesBoard Member, Richmond Market President - BSMH
Director
0.50$0$1,113,136$1,433,183
Scott Woodfield MDBoard Vice Chair, RSFPP Physician
OfficerDirector
47.00$1,167,520$0$1,223,580
Brian Cuddy MDFormer Chairperson, Neurosurgeon - RSFPP
Former
50.00$1,129,716$0$1,185,598
Eric SmithBoard Member, CFO Ambulatory Finance - BSMH
Director
0.50$0$854,751$1,011,638
John Spratt MDBoard Member, Physician
Director
47.00$891,404$0$950,812
Michael PazzoFormer Secretary, RSFH Chief Legal Officer
Former
$0$699,574$870,192
Robert Oliverio MDVP CMO Amb Care & Pop Health
Officer
50.00$706,465$0$819,392
Brian YanofchickBoard Member, Chief Sponsorship Officer-BSMH
Director
0.50$0$716,610$739,855
Cheryl Dalton-NormanBoard Member, President - Conduit Health Partners
Director
0.50$0$580,510$620,247
Henry West MDBoard Member, Surgeon - RSFPP
Director
47.00$548,163$0$590,653
Brad GrosteffonInterim CFO/Treasurer
Officer
1.00$0$519,231$584,779
Susan Datta MDBoard Member, Internist - RSFPP
Director
47.00$415,338$0$432,813
James BowronAVP CAO of RSFPP Operations
Officer
50.00$369,431$0$425,702
Lauren BurnsSecretary, Assoc General Counsel
Officer
1.00$0$348,339$365,961
Rebecca TuckerCFO/Treasurer
Officer
1.00$0$234,228$262,074
Julie GraudinFormer Key, Director Revenue Cycle Improvement
Former
$0$183,166$211,736
Edward McKelveyBoard Chair
OfficerDirector
0.50$0$0$0
Roberta PinckneyBoard Member
Director
0.50$0$0$0
Kay W Phillips PhDBoard Member
Director
0.50$0$0$0
Karen WrightenBoard Member
Director
0.50$0$0$0
Charles Ford Rivers IIIBoard Member
Director
0.50$0$0$0

Compensation Breakdown

Schedule J detail — base, bonus, benefits, and executive perks

Scott Woodfield MD

Base Salary

$881,358

Bonus

$218,131

Other Reportable

$68,031

Retirement/Deferred

$18,171

Nontaxable Benefits

$37,889

John Spratt MD

Base Salary

$756,430

Bonus

$62,181

Other Reportable

$72,793

Retirement/Deferred

$18,171

Nontaxable Benefits

$41,237

Susan Datta MD

Base Salary

$260,723

Bonus

$98,344

Other Reportable

$56,271

Retirement/Deferred

$16,952

Nontaxable Benefits

$523

Henry West MD

Base Salary

$456,348

Bonus

$38,327

Other Reportable

$53,488

Retirement/Deferred

$18,171

Nontaxable Benefits

$24,319

Cheryl Dalton-Norman

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

Brian Cuddy MD

Base Salary

$1,051,392

Bonus

Other Reportable

$78,324

Retirement/Deferred

$18,171

Nontaxable Benefits

$37,711

Michael Pazzo

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Rebecca Tucker

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Lauren Burns

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Robert Oliverio MD

Base Salary

$425,996

Bonus

$166,100

Other Reportable

$114,369

Retirement/Deferred

$66,309

Nontaxable Benefits

$46,618

James Bowron

Base Salary

$239,722

Bonus

$69,164

Other Reportable

$60,545

Retirement/Deferred

$18,581

Nontaxable Benefits

$37,690

Brad Grosteffon

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Julie Graudin

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Clayton Haldeman MD

Base Salary

$1,410,550

Bonus

$225,514

Other Reportable

$25,740

Retirement/Deferred

$18,171

Nontaxable Benefits

$25,733

Matt Neal MD

Base Salary

$1,424,909

Bonus

$365,860

Other Reportable

$48,915

Retirement/Deferred

$18,171

Nontaxable Benefits

$41,646

John McCrosson MD

Base Salary

$1,167,624

Bonus

$337,947

Other Reportable

$35,105

Retirement/Deferred

$18,171

Nontaxable Benefits

$26,979

George Khoury MD

Base Salary

$1,143,709

Bonus

$888,031

Other Reportable

$84,494

Retirement/Deferred

$18,538

Nontaxable Benefits

$32,128

John Steichen MD

Base Salary

$1,400,180

Bonus

$117,267

Other Reportable

$78,469

Retirement/Deferred

$18,171

Nontaxable Benefits

$41,823

Governance & Compliance(Tax Year 2024)

Governance Snapshot

Roper Saint Francis Physicians Network has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 13 members, 3 of whom are independent.

Roper Saint Francis Physicians Network's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).

Policies & Oversight

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members13
Independent members3

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Grants Awarded(Tax Year 2024)

4 records

Grantmaking Summary

The organization also provided grants to individuals (249 recipients) totaling $7K, including patient transportation, housing assistance, patient assistance, prescription assistance.

Grants to Individuals

TypeRecipientsAmount
Patient Transportation246$6K
Housing Assistance1$900
Patient Assistance1$150
Prescription Assistance1$115

Filing History(Tax Years 2009–2024)

6 records

Showing the 6 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$213.0M$329.5M$11.7M
2023
990
2023-01-01 – 2023-12-31$189.8M$296.7M$13.5M
2022
990
2022-01-01 – 2022-12-31$211.3M$302.7M$7.2M
2021
990
2021-01-01 – 2021-12-31$217.0M$287.2M$6.6M
2020
990
2020-01-01 – 2020-12-31$168.7M$245.4M$4.9M
2019
990
2019-01-01 – 2019-12-31$180.1M$243.6M$26.9M
2009–2018No filings acquired yet

Frequently Asked Questions

What does Roper Saint Francis Physicians Network do?

Nonprofit physician practice operations in conjunction with Roper St. Francis Healthcare

How much revenue does Roper Saint Francis Physicians Network have?

Roper Saint Francis Physicians Network reported $212,953,585 in total revenue for tax year 2024, up 12.2% from the prior year.

Who is the highest-paid executive at Roper Saint Francis Physicians Network?

Wael Haidar MD, Board Member, BSMH CHIEF CLINICAL OFFICER, received $2,539,165 in total compensation as of tax year 2024.

Is Roper Saint Francis Physicians Network a 501(c)(3)?

Yes, Roper Saint Francis Physicians Network is classified as a 501(c)(3) tax-exempt organization.

Where is Roper Saint Francis Physicians Network located?

Roper Saint Francis Physicians Network is headquartered in Ladson, SC 29456.

How many employees does Roper Saint Francis Physicians Network have?

Roper Saint Francis Physicians Network has 1,683 employees and 3 volunteers as of tax year 2024.

What type of nonprofit is Roper Saint Francis Physicians Network?

Roper Saint Francis Physicians Network is classified under NTEE code E31 (Group Health Practices), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.

Is Roper Saint Francis Physicians Network audited?

Yes, Roper Saint Francis Physicians Network's financial statements are audited, and the organization has an audit committee.

Does Roper Saint Francis Physicians Network give grants?

Yes, Roper Saint Francis Physicians Network distributed $7,310 in grants to other organizations and individuals in tax year 2024.

Data Source

IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.

Publicly available IRS data
Verified filing records
Updated quarterly
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