St Francis Physician Services Inc
DBA: Bon Secours Express Care
PROVISION OF PRIMARY CARE PHYSICIAN SERVICES TO THE RESIDENTS OF GREENVILLE, SOUTH CAROLINA AND SURROUNDING COMMUNITIES WITHOUT REGARD TO ABILITY TO PAY.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$36.9M
Total Expenses
$57.8M
Net Assets
$72.0M
Employees
269
Grants Paid
$5K
Program Expense Ratio
90.5%
This nonprofit profile presents IRS Form 990 tax filing data for St Francis Physician Services Inc (EIN: 13-4290167), 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.
St Francis Physician Services Inc is a 501(c)(3) nonprofit headquartered in Greenville, SC, founded in 2004. It is classified under NTEE code E32 (Community Clinics), within the Healthcare category. The organization has held tax-exempt status since 2006. In its 2024 filing, the organization reported $36.9M in total revenue, a 14.7% increase from the prior year, and $57.8M in total expenses. The organization employed 269 people. MATTHEW CALDWELL, Co-Chair, Market President BSSFHS, is the highest-compensated individual at $1,398,944. The organization runs 1 program, totaling $52.3M in program expenses. 4 of 6 recommended governance policies are in place.
St Francis Physician Services Inc is classified under NTEE code E32 (Community Clinics), which falls within the Healthcare category. Its foundation type is 16.
Programs(Tax Year 2024)
1 record
St Francis Physician Services Inc operates 1 program, with total program expenses of $52.3M. St Francis Physician Services Inc's largest program accounts for 100% of total program spending.
St. Francis Physician Services (SFPS) operates as an affiliate model in the provision of primary care services to the residents of Greenville, South Carolina and the surrounding communities. SFPS is a member of Bon Secours Mercy Health Medical Group LLC. The various practices that comprise SFPS are strategically located with the area to most effectively meet the needs of the community.
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, St Francis Physician Services Inc's revenue has declined from $171.1M to $36.9M, a 78.4% decrease. Program expenses represent 90% of total spending.
Revenue increased 14.7% year-over-year, while expenses declined 8.3%. net assets rose to $72.0M, up 101.4% from the prior year. the organization added 3 employees.
St Francis Physician Services Inc derives 0% from contributions and grants, with 100% from program services.
Revenue is heavily concentrated: 100% comes from program service revenue, indicating limited diversification.
St Francis Physician Services Inc allocates 90% to programs, 10% to management and general.
Revenue grew by 14.7% while expenses declined by only 8.3%, suggesting improving operational efficiency.
St Francis Physician Services Inc distributed $5K in grants to other organizations and individuals, representing 0% of total expenses.
Over 5 filings from 2020–2024, St Francis Physician Services Inc declined revenue from $171.1M to $36.9M (-78.4%) while maintaining a program expense ratio of 90%. During this period, the organization reduced from 519 to 269 employees.
St Francis Physician Services Inc holds $123.7M in total assets against $51.8M in liabilities (debt-to-asset ratio of 42%). The organization has 14.9 months of operating reserves. Cash and equivalents of $75.7M cover approximately 15.7 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $36.9M | $3K | $0 | $36.9M | $0 |
| 2023 | $32.2M | $2K | $0 | $31.9M | $17K |
| 2022 | $85.1M | $2K | $0 | $84.8M | $0 |
| 2021 | $169.8M | $2.7M | $2.3M | $166.3M | $0 |
| 2020 | $171.1M | $5.0M | $3.2M | $165.7M | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $57.8M | $52.3M | $5.5M | $0 | $5K |
| 2023 | $63.0M | $56.8M | $6.1M | $0 | $0 |
| 2022 | $154.1M | $140.3M | $13.9M | $0 | $0 |
| 2021 | $248.8M | $226.3M | $22.5M | $0 | $0 |
| 2020 | $254.1M | $230.8M | $23.3M | $0 | $0 |
Program Expense Ratio
90.5%
Admin Expense Ratio
9.5%
Fundraising Efficiency
—
Operating Reserve
14.9 mo
People & Compensation(Tax Year 2024)
18 records
St Francis Physician Services Inc reported compensation for 18 officers and key employees. Total officer compensation was $10.2M, representing 17.7% of total expenses. 12 individuals received total compensation exceeding $500,000.
St Francis Physician Services Inc's highest-compensated individual received $1.4M in total compensation. Total officer compensation of $10.2M represents 17.7% of total expenses. 1 individual received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| MATTHEW CALDWELL | Co-Chair, Market President BSSFHS | OfficerDirector | 10.00 | $0 | $1,140,880 | $1,398,944 |
| Marcus Blackstone MD | Former Chief Clinical Officer - Greenville | Former | — | $0 | $833,596 | $858,297 |
| Steven Newman MD | Board Member, Physician | Director | 50.00 | $723,805 | $0 | $793,767 |
| Glenn Brothers MD | Board Member, Physician | Director | 50.00 | $602,387 | $0 | $650,407 |
| WILLIAM KUSNIERZ | FORMER CFO - BSSFHS | Former | — | $0 | $584,849 | $637,693 |
| Bruce Swords | Co-Chair, Chief Clinical Officer - BSSFHS | OfficerDirector | 15.00 | $0 | $553,702 | $631,529 |
| Michael Peters MD | Family Medicine | Highest Comp | 50.00 | $512,689 | $0 | $586,704 |
| Andrew Mccraw MD | Board Member, Physician | Director | 50.00 | $508,642 | $0 | $579,031 |
| Scott Weikle MD | Internal Medicine | Highest Comp | 50.00 | $492,787 | $0 | $562,837 |
| Robert Stiekes | FORMER Officer, CFO - BSSFHS | Former | — | $0 | $484,522 | $560,956 |
| Benjamin Hester MD | Family Medicine | Highest Comp | 50.00 | $497,982 | $0 | $554,760 |
| Kurt Budelmann MD | Internal Medicine | Highest Comp | 50.00 | $478,126 | $0 | $520,829 |
| Vidya Ajaradder MD | Family Medicine | Highest Comp | 50.00 | $442,824 | $0 | $471,722 |
| Reed Mathias MD | Board Member, Physician | Director | 50.00 | $401,525 | $0 | $424,760 |
| Julia Paduano NP | Board Member, Physician | Director | 50.00 | $223,359 | $0 | $267,984 |
| Wayne Fraleigh MD | Board Member, COO - BSMG | OfficerDirector | 25.00 | $0 | $237,177 | $263,656 |
| Wilbur Gay | Director of Finance BSMH Med Group | Officer | 25.00 | $0 | $221,435 | $258,726 |
| Jeremy Skoog MD | Co-Chair, Interim COO - BSMG | OfficerDirector | 25.00 | $0 | $163,881 | $205,632 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Marcus Blackstone MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MATTHEW CALDWELL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Bruce Swords
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jeremy Skoog MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Wayne Fraleigh MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Andrew Mccraw MD
Base Salary
$280,734
Bonus
$170,935
Other Reportable
$56,973
Retirement/Deferred
$31,347
Nontaxable Benefits
$39,042
Glenn Brothers MD
Base Salary
$304,609
Bonus
$245,087
Other Reportable
$52,691
Retirement/Deferred
$33,400
Nontaxable Benefits
$14,620
Julia Paduano NP
Base Salary
$104,207
Bonus
$78,698
Other Reportable
$40,454
Retirement/Deferred
$5,696
Nontaxable Benefits
$38,929
Reed Mathias MD
Base Salary
$212,383
Bonus
$130,671
Other Reportable
$58,471
Retirement/Deferred
$8,063
Nontaxable Benefits
$15,172
Steven Newman MD
Base Salary
$518,244
Bonus
$139,807
Other Reportable
$65,754
Retirement/Deferred
$33,400
Nontaxable Benefits
$36,562
WILLIAM KUSNIERZ
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Robert Stiekes
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Wilbur Gay
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Benjamin Hester MD
Base Salary
$207,179
Bonus
$212,885
Other Reportable
$77,918
Retirement/Deferred
$31,108
Nontaxable Benefits
$25,670
Kurt Budelmann MD
Base Salary
$279,394
Bonus
$167,108
Other Reportable
$31,624
Retirement/Deferred
$29,967
Nontaxable Benefits
$12,736
Michael Peters MD
Base Salary
$304,332
Bonus
$140,584
Other Reportable
$67,773
Retirement/Deferred
$32,535
Nontaxable Benefits
$41,480
Scott Weikle MD
Base Salary
$267,407
Bonus
$170,071
Other Reportable
$55,309
Retirement/Deferred
$31,038
Nontaxable Benefits
$39,012
Vidya Ajaradder MD
Base Salary
$229,865
Bonus
$160,226
Other Reportable
$52,733
Retirement/Deferred
$28,517
Nontaxable Benefits
$381
Governance & Compliance(Tax Year 2024)
St Francis Physician Services Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 7 members, 0 of whom are independent.
St Francis Physician Services Inc's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2024)
1 record
Unknown person — 35% Controlled Entity of Family Member of Board Member
Grants Awarded(Tax Year 2024)
1 record
The organization also provided grants to individuals (205 recipients) totaling $5K, including medical transportation.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| MEDICAL TRANSPORTATION | 205 | $5K |
Filing History(Tax Years 2006–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $36.9M | $57.8M | $72.0M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $32.2M | $63.0M | $35.7M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $85.1M | $154.1M | $-9.2M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $169.8M | $248.8M | $2.4M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $171.1M | $254.1M | $-44.9M |
| 2006–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does St Francis Physician Services Inc do?
PROVISION OF PRIMARY CARE PHYSICIAN SERVICES TO THE RESIDENTS OF GREENVILLE, SOUTH CAROLINA AND SURROUNDING COMMUNITIES WITHOUT REGARD TO ABILITY TO PAY.
How much revenue does St Francis Physician Services Inc have?
St Francis Physician Services Inc reported $36,888,174 in total revenue for tax year 2024, up 14.7% from the prior year.
Who is the highest-paid executive at St Francis Physician Services Inc?
MATTHEW CALDWELL, Co-Chair, Market President BSSFHS, received $1,398,944 in total compensation as of tax year 2024.
Is St Francis Physician Services Inc a 501(c)(3)?
Yes, St Francis Physician Services Inc is classified as a 501(c)(3) tax-exempt organization.
Where is St Francis Physician Services Inc located?
St Francis Physician Services Inc is headquartered in Greenville, SC 29601.
How many employees does St Francis Physician Services Inc have?
St Francis Physician Services Inc has 269 employees as of tax year 2024.
What type of nonprofit is St Francis Physician Services Inc?
St Francis Physician Services Inc is classified under NTEE code E32 (Community Clinics), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is St Francis Physician Services Inc audited?
Yes, St Francis Physician Services Inc's financial statements are audited, and the organization has an audit committee.
Does St Francis Physician Services Inc give grants?
Yes, St Francis Physician Services Inc distributed $5,139 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.
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