Nonprofits/Organizations/58-2504530
Active
501(c)(3)
Form 990

St Francis Hospital Inc

EIN 58-2504530Greenville, SC 29601Founded 1932WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

PROVIDES ACUTE CARE HOSPITAL SERVICES

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$850.9M

+0.5%YoY

Total Expenses

$786.2M

-3.0%YoY

Net Assets

$228.4M

-22.5%YoY

Employees

2,593

-4.7%YoY

Volunteers

280

Grants Paid

$682K

Program Expense Ratio

94.5%

This nonprofit profile presents IRS Form 990 tax filing data for St Francis Hospital Inc (EIN: 58-2504530), 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 +0.5% to $850.9M
Program spending ratio of 94.5% — excellent
3.5 months of operating reserves
Expenses decreased -3.0% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
13-member board, 8 independent

Compensation

Top compensation: $2,027,618 (Board Member; Chief Strategy Officer)
Top exec pay is 0.3% of total expenses — very modest
Schedule J filed for 17 individuals — detailed disclosure
No executive perks reported

Program Effectiveness

1 program reported
94.5% of spending goes to programs
1 program generates revenue — self-sustaining activity
$682K in grants paid to other organizations
280 volunteers engaged

Financial Stability

Debt-to-asset ratio of 61.1% — significant debt load
0.0 months cash runway — tight liquidity
Revenue diversification: concentrated in few sources
Net assets declining over recent filings

Risk Flags

1 business transaction with interested persons
No material diversion or misuse reported
No family/business relationships on board

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

Organization Summary

St Francis Hospital Inc is a 501(c)(3) nonprofit headquartered in Greenville, SC, founded in 1932. The organization has held tax-exempt status since 1946. In its 2024 filing, the organization reported $850.9M in total revenue, a 0.5% increase from the prior year, and $786.2M in total expenses. The organization employed 2,593 people and engaged 280 volunteers. DAVID A CANNADY, Board Member; Chief Strategy Officer, is the highest-compensated individual at $2,027,618. The organization runs 1 program, totaling $743.3M in program expenses. 5 of 6 recommended governance policies are in place.

Programs(Tax Year 2024)

1 record

Programs Overview

St Francis Hospital Inc operates 1 program, with total program expenses of $743.3M. St Francis Hospital Inc's largest program accounts for 100% of total program spending.

1
Program 1Expenses: $743,294,861

ST. FRANCIS HOSPITAL'S MISSION IS TO EXTEND THE COMPASSIONATE MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF THE COMMUNITIES IT SERVICES AND BRINGING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. ST. FRANCIS HOSPITAL PROVIDES MEDICAL CARE TO PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. ST. FRANCIS HOSPITAL PROVIDES SUPPORT FOR THE COMMUNITY SERVICES. DURING 2024 ST. FRANCIS HOSPITAL PROVIDED $23.2M IN NET COMMUNITY BENEFITS.

Financial Overview(Tax Years 2020–2024)

5 records

Financial Highlights

Over the past 5 years, St Francis Hospital Inc's revenue has grown from $643.0M to $850.9M, a 32.3% increase. Program expenses represent 95% of total spending.

Revenue increased 0.5% year-over-year, while expenses declined 3.0%. net assets fell to $228.4M, down 22.5% from the prior year. the organization reduced headcount by 127 employees.

St Francis Hospital Inc derives 0% from contributions and grants, with 99% from program services, with 0% from investment income.

Revenue is heavily concentrated: 99% comes from program service revenue, indicating limited diversification.

St Francis Hospital Inc allocates 95% to programs, 5% to management and general.

Revenue grew by 0.5% and expenses declined by 3.0% year over year.

St Francis Hospital Inc distributed $682K in grants to other organizations and individuals, representing 0% of total expenses.

Over 5 filings from 2020–2024, St Francis Hospital Inc grew revenue from $643.0M to $850.9M (+32.3%) while maintaining a program expense ratio of 95%. During this period, the organization grew from 1,206 to 2,593 employees.

St Francis Hospital Inc holds $586.8M in total assets against $358.4M in liabilities (debt-to-asset ratio of 61%). The organization has 3.5 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.

Revenue

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
2024$850.9M$2.2M$0$840.0M$2.1M
2023$846.5M$945K$255K$838.1M$887K
2022$725.8M$12.7M$9.4M$705.9M$693K
2021$752.2M$32.2M$30.5M$712.8M$1.7M
2020$643.0M$18.5M$15.3M$618.5M$1.1M

Expenses

YearTotal ExpensesProgramManagementFundraisingGrants Paid
2024$786.2M$743.3M$42.9M$0$682K
2023$810.2M$767.3M$42.9M$0$698K
2022$700.0M$659.9M$40.1M$0$747K
2021$680.6M$547.5M$133.1M$0$0
2020$574.8M$453.8M$121.0M$0$8K

Program Expense Ratio

94.5%

Admin Expense Ratio

5.5%

Fundraising Efficiency

Operating Reserve

3.5 mo

People & Compensation(Tax Year 2024)

27 records

Compensation Summary

St Francis Hospital Inc reported compensation for 27 officers and key employees. Total officer compensation was $11.6M, representing 1.5% of total expenses. 10 individuals received total compensation exceeding $500,000.

St Francis Hospital Inc's highest-compensated individual received $2.0M in total compensation. Total officer compensation of $11.6M represents 1.5% of total expenses. 2 individuals received total compensation exceeding $1,000,000.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
DAVID A CANNADYBoard Member; Chief Strategy Officer
Director
2.00$0$1,576,766$2,027,618
MATTHEW CALDWELLMarket President BSSFHS
OfficerDirector
15.00$0$1,140,880$1,398,944
Jennifer VogelRadiation Oncologist
Highest Comp
50.00$891,242$0$968,864
Joshua FarrisRadiation Oncologist
Highest Comp
50.00$854,337$0$887,835
Marcus Blackstone MDFormer Chief Clinical Officer - Greenville
Former
$0$833,596$858,297
Brian YanofchickBoard Member, Chief Sponsorship Officer
Director
2.00$0$716,610$739,855
WILLIAM KUSNIERZFormer CFO - BSSFHS
Former
$0$584,849$637,693
Bruce SwordsChief Clinical Officer - BSSFHS
Key Employee
20.00$553,702$0$631,529
Jenny WehrsCOO - BSSFHS
Key Employee
50.00$510,762$0$591,731
Robert StiekesCFO - BSSFHS
Officer
48.00$0$484,522$560,956
Surabhi Gaur MDChief Medical Officer - BSSFHS
Key Employee
25.00$0$453,654$496,033
Kathy BlackChief Nursing Officer
Key Employee
50.00$386,616$0$408,162
Thomas Mann MDBoard Member; General Surgeon
Director
2.00$0$341,860$382,798
Kevin ShaySenior Physicist
Highest Comp
50.00$236,756$0$275,153
Karen SchwartzVP Operations
Highest Comp
50.00$253,253$0$274,416
Denise CampbellVP of Nursing
Highest Comp
50.00$246,312$0$270,957
LISA LANDRETHFormer Interim CFO - BSSFHS
Former
$0$192,890$212,054
Lee PalmsBoard Member
Director
2.00$0$0$0
Kenneth BacaBoard Member
Director
2.00$0$0$0
Gary Daniels JrBoard Member
Director
2.00$0$0$0
Frederick Gilmer JrBoard Member
Director
2.00$0$0$0
Doris HaleyBoard Member
Director
2.00$0$0$0
John PazdanBoard Chair
OfficerDirector
2.00$0$0$0
Wendy WaldenVice Chair
OfficerDirector
2.00$0$0$0
Sr Kathryn ClaussBoard Member
Director
2.00$0$0$0
Robert D Siegel MDBoard Member
Director
2.00$0$0$0
Matthew CooneyBoard Member
Director
2.00$0$0$0

Compensation Breakdown

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

MATTHEW CALDWELL

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Thomas Mann MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Brian Yanofchick

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

DAVID A CANNADY

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

WILLIAM KUSNIERZ

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

LISA LANDRETH

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Robert Stiekes

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Marcus Blackstone MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Bruce Swords

Base Salary

$377,865

Bonus

$113,501

Other Reportable

$62,336

Retirement/Deferred

$41,703

Nontaxable Benefits

$36,124

Jenny Wehrs

Base Salary

$376,434

Bonus

$122,968

Other Reportable

$11,360

Retirement/Deferred

$43,372

Nontaxable Benefits

$37,597

Kathy Black

Base Salary

$243,600

Bonus

$86,291

Other Reportable

$56,725

Retirement/Deferred

$8,400

Nontaxable Benefits

$13,146

Surabhi Gaur MD

Base Salary

Bonus

Other Reportable

Retirement/Deferred

Nontaxable Benefits

Denise Campbell

Base Salary

$179,646

Bonus

$32,385

Other Reportable

$34,281

Retirement/Deferred

$6,331

Nontaxable Benefits

$18,314

Jennifer Vogel

Base Salary

$721,428

Bonus

$105,115

Other Reportable

$64,699

Retirement/Deferred

$33,400

Nontaxable Benefits

$44,222

Joshua Farris

Base Salary

$520,232

Bonus

$259,289

Other Reportable

$74,816

Retirement/Deferred

$32,650

Nontaxable Benefits

$848

Karen Schwartz

Base Salary

$197,498

Bonus

$32,832

Other Reportable

$22,923

Retirement/Deferred

$6,529

Nontaxable Benefits

$14,634

Kevin Shay

Base Salary

$208,490

Bonus

$250

Other Reportable

$28,016

Retirement/Deferred

$6,405

Nontaxable Benefits

$31,992

Governance & Compliance(Tax Year 2024)

Governance Snapshot

St Francis Hospital Inc has 5 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 13 members, 8 of whom are independent.

St Francis Hospital Inc's financial statements are audited, an audit committee oversees the process.

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 members8

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required

Insider Transactions(Tax Year 2024)

1 record

Business Transaction

Unknown person35% Controlled Entity of Family Member of Board Member/Officer

Amount: $6,990,769

Grants Awarded(Tax Year 2024)

25 records

Grantmaking Summary

St Francis Hospital Inc awarded $444K across 22 grants to organizations. Top recipients include Habitat for Humanity of Greenville County — $80K for mission support; Greenville Free Medical Clinic — $46K for mission support; Cancer Society of Greenville — $40K for mission support. The organization also provided grants to individuals (98 recipients) totaling $23K, including bereavement assistance, medical device assistance, patient assistance.

Organization Grants

RecipientLocationAmountPurpose
Habitat for Humanity of Greenville County570827063$80KMission Support
Greenville Free Medical Clinic570855205$46KMission Support
Cancer Society of Greenville570471686$40KMission Support
South Carolina Childrens Theatre570856956$35KMission Support
Meyer Center for Special Children570361503Greenville, SC$34KMission Support
YMCA of Greenville570314424$34KMission Support
American Heart Association135613797$20KMission Support
Dabos All In Team Foundation264097429$18KMission Support
St Anthony of Padua570427729$15KMission Support
St Mary's Catholic School570874134$15KMission Support
County of Greenville576000356$14KMission Support
Mill Community Ministries900854058$13KMission Support
United Ministries570511977$13KMission Support
Jasmine Road Inc814552155$10KMission Support
Alianza Hispana-Hispanic Alliance271041624$10KMission Support
Miracle Hill Ministries570425826$8KMission Support
Urban League Of The Upstate570541039$8KMission Support
Servants for Sight270837500$8KMission Support
Safe Harbor Inc571014137$8KMission Support
Greenville Tech Foundation570565961$8KMission Support

Showing 20 of 22 grants.

Grants to Individuals

TypeRecipientsAmount
Bereavement Assistance90$14K
Medical Device Assistance6$9K
Patient Assistance2$340

Filing History(Tax Years 1946–2024)

5 records

Showing the 5 Form 990 filings currently in our system.

Tax YearFormPeriodRevenueExpensesNet Assets
2024
990
2024-01-01 – 2024-12-31$850.9M$786.2M$228.4M
2023
990
2023-01-01 – 2023-12-31$846.5M$810.2M$294.7M
2022
990
2022-01-01 – 2022-12-31$725.8M$700.0M$344.4M
2021
990
2021-01-01 – 2021-12-31$752.2M$680.6M$406.1M
2020
990
2020-01-01 – 2020-12-31$643.0M$574.8M$462.5M
1946–2019No filings acquired yet

Frequently Asked Questions

What does St Francis Hospital Inc do?

PROVIDES ACUTE CARE HOSPITAL SERVICES

How much revenue does St Francis Hospital Inc have?

St Francis Hospital Inc reported $850,947,341 in total revenue for tax year 2024, up 0.5% from the prior year.

Who is the highest-paid executive at St Francis Hospital Inc?

DAVID A CANNADY, Board Member; Chief Strategy Officer, received $2,027,618 in total compensation as of tax year 2024.

Is St Francis Hospital Inc a 501(c)(3)?

Yes, St Francis Hospital Inc is classified as a 501(c)(3) tax-exempt organization.

Where is St Francis Hospital Inc located?

St Francis Hospital Inc is headquartered in Greenville, SC 29601.

How many employees does St Francis Hospital Inc have?

St Francis Hospital Inc has 2,593 employees and 280 volunteers as of tax year 2024.

Is St Francis Hospital Inc audited?

Yes, St Francis Hospital Inc's financial statements are audited, and the organization has an audit committee.

Does St Francis Hospital Inc give grants?

Yes, St Francis Hospital Inc distributed $682,423 in grants to other organizations and individuals in tax year 2024. Top recipients include Habitat for Humanity of Greenville County, Greenville Free Medical Clinic, Cancer Society of Greenville.

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.

Publicly available IRS data
Verified filing records
Updated quarterly
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