Tax-Exempt Status Revoked
Bon Secours Medical Group Greenville Specialty Care LLC had its tax-exempt status revoked by the IRS on August 14, 2023.
Bon Secours Medical Group Greenville Specialty Care LLC
PROVISION OF SPECIALTY 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
$155.6M
Total Expenses
$250.6M
Net Assets
$-92.7M
Employees
910
Grants Paid
$431
Program Expense Ratio
91.0%
This nonprofit profile presents IRS Form 990 tax filing data for Bon Secours Medical Group Greenville Specialty Care LLC (EIN: 85-0988160), 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 Medical Group Greenville Specialty Care LLC is a 501(c)(3) nonprofit headquartered in Greenville, SC, founded in 2020. It is classified under NTEE code E30 (Ambulatory Health Centers), within the Healthcare category. The organization has held tax-exempt status since 2023. In its 2024 filing, the organization reported $155.6M in total revenue, a 5.5% increase from the prior year, and $250.6M in total expenses. The organization employed 910 people. John Womack MD, Orthopedic Surgeon, is the highest-compensated individual at $2,161,219. The organization runs 1 program, totaling $228.0M in program expenses. 4 of 6 recommended governance policies are in place. Executive benefits include club dues.
Bon Secours Medical Group Greenville Specialty Care LLC is classified under NTEE code E30 (Ambulatory Health Centers), which falls within the Healthcare category. Its foundation type is 16.
Programs(Tax Year 2024)
1 record
Bon Secours Medical Group Greenville Specialty Care LLC operates 1 program, with total program expenses of $228.0M. Bon Secours Medical Group Greenville Specialty Care LLC's largest program accounts for 100% of total program spending.
Bon Secours Medical Group Greenville Specialty Care LLC (BSMGGSC) operates as an affiliate model in the provision of specialty care services to the residents of Greenville, South Carolina and the surrounding communities. BSMGGSC is a member of Bon Secours Mercy Health Medical Group LLC. The various practices that comprise BSMGGSC are strategically located with the area to most effectively meet the needs of the community. SPECIALTY HEALTHCARE SERVICES INCLUDE SERVICES SUCH AS CANCER CARE AND ONCOLOGY, WOMEN'S HEALTH, BEHAVIORAL AND MENTAL HEALTH, DIGESTIVE HEALTH, EAR, NOSE AND THROAT, CARDIOLOGY, AND ANY OTHER HEALTHCARE SERVICES NOT PROVIDED BY A PRIMARY CARE PHYSICIAN.
Financial Overview(Tax Years 2022–2024)
3 records
Over the past 3 years, Bon Secours Medical Group Greenville Specialty Care LLC's revenue has grown from $84.4M to $155.6M, a 84.4% increase. Program expenses represent 91% of total spending.
Revenue increased 5.5% year-over-year, while expenses grew 14.7%. net assets fell to $-92.7M, down 40.7% from the prior year. the organization added 40 employees.
Bon Secours Medical Group Greenville Specialty Care LLC derives 0% from contributions and grants, with 100% from program services.
Revenue is heavily concentrated: 100% comes from program service revenue, indicating limited diversification.
Bon Secours Medical Group Greenville Specialty Care LLC allocates 91% to programs, 9% to management and general.
Expenses grew by 14.7%, outpacing revenue growth of 5.5% — a trend to watch if it continues.
Bon Secours Medical Group Greenville Specialty Care LLC distributed $431 in grants to other organizations and individuals, representing 0% of total expenses.
Over 3 filings from 2022–2024, Bon Secours Medical Group Greenville Specialty Care LLC grew revenue from $84.4M to $155.6M (+84.4%) while maintaining a program expense ratio of 91%. During this period, the organization grew from 808 to 910 employees.
Bon Secours Medical Group Greenville Specialty Care LLC holds $24.4M in total assets against $117.2M in liabilities (debt-to-asset ratio of 479%). Cash and equivalents of $449 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $155.6M | $2K | $0 | $155.2M | $0 |
| 2023 | $147.6M | $10K | $0 | $147.2M | $0 |
| 2022 | $84.4M | $3K | $0 | $84.1M | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $250.6M | $228.0M | $22.5M | $0 | $431 |
| 2023 | $218.5M | $199.5M | $19.0M | $0 | $0 |
| 2022 | $109.3M | $99.6M | $9.7M | $0 | $0 |
Program Expense Ratio
91.0%
Admin Expense Ratio
9.0%
Fundraising Efficiency
—
Operating Reserve
-4.4 mo
People & Compensation(Tax Year 2024)
18 records
Bon Secours Medical Group Greenville Specialty Care LLC reported compensation for 18 officers and key employees. Total officer compensation was $17.8M, representing 7.1% of total expenses. 13 individuals received total compensation exceeding $500,000.
Bon Secours Medical Group Greenville Specialty Care LLC's highest-compensated individual received $2.2M in total compensation. Total officer compensation of $17.8M represents 7.1% of total expenses. 8 individuals received total compensation exceeding $1,000,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| John Womack MD | Orthopedic Surgeon | Highest Comp | 50.00 | $2,087,940 | $0 | $2,161,219 |
| Matthew Sellers MD | Electrophysicologist | Highest Comp | 50.00 | $1,755,723 | $0 | $1,827,562 |
| Furkan Ertem MD | Gastroenterologist | Highest Comp | 50.00 | $1,595,556 | $0 | $1,659,957 |
| Dylan Watson MD | Orthopedic Surgeon | Highest Comp | 50.00 | $1,529,658 | $0 | $1,602,585 |
| James Jennings MD | Orthopedic Surgeon | Highest Comp | 50.00 | $1,562,649 | $0 | $1,598,815 |
| Stephen Ridgeway MD | Board Member, Physician - Orthopedic Surgery | Director | 50.00 | $1,477,398 | $0 | $1,550,876 |
| MATTHEW CALDWELL | Co-Chair, Market President BSSFHS | OfficerDirector | 10.00 | $0 | $1,140,880 | $1,398,944 |
| Philip Fontenot MD | Board Member, Physician - Urology | Director | 50.00 | $960,414 | $0 | $1,037,583 |
| Stephen Dyar MD | Board Member, Physician - Hematology/Oncology | Director | 50.00 | $907,364 | $0 | $980,308 |
| Joanna Grabska MD | Board Member, Physician - Hematology/Oncology | Director | 50.00 | $682,433 | $0 | $716,549 |
| Christy Sine MD | Board Member, Physician - Pulmonary Medicine | Director | 50.00 | $612,997 | $0 | $684,768 |
| Bruce Swords | Co-Chair, Chief Clinical Officer - BSSFHS | OfficerDirector | 15.00 | $0 | $553,702 | $631,529 |
| Cory White MD | Board Member, Physician - Endocrinology/Metabolism | Director | 50.00 | $437,152 | $0 | $505,973 |
| Thomas Mann MD | Board Member, Physician - General Surgery | Director | 46.00 | $341,860 | $0 | $382,798 |
| Lesley Pickell MD | Board Member, Physician - Obstetrics and Gynecology | Director | 50.00 | $331,028 | $0 | $347,121 |
| Wayne Fraleigh MD | Board Member, COO - BSMG | OfficerDirector | 25.00 | $237,177 | $0 | $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 | $163,881 | $0 | $205,632 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
MATTHEW CALDWELL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Bruce Swords
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Jeremy Skoog MD
Base Salary
$112,756
Bonus
$19,293
Other Reportable
$31,832
Retirement/Deferred
$4,962
Nontaxable Benefits
$36,789
Executive Perks
Wayne Fraleigh MD
Base Salary
$164,818
Bonus
$41,493
Other Reportable
$30,866
Retirement/Deferred
—
Nontaxable Benefits
$26,479
Executive Perks
Christy Sine MD
Base Salary
$478,092
Bonus
$85,757
Other Reportable
$49,148
Retirement/Deferred
$33,400
Nontaxable Benefits
$38,371
Executive Perks
Cory White MD
Base Salary
$214,155
Bonus
$152,484
Other Reportable
$70,513
Retirement/Deferred
$30,171
Nontaxable Benefits
$38,650
Executive Perks
Joanna Grabska MD
Base Salary
$465,353
Bonus
$162,794
Other Reportable
$54,286
Retirement/Deferred
$33,394
Nontaxable Benefits
$722
Executive Perks
Lesley Pickell MD
Base Salary
$192,258
Bonus
$110,021
Other Reportable
$28,749
Retirement/Deferred
—
Nontaxable Benefits
$16,093
Executive Perks
Philip Fontenot MD
Base Salary
$367,055
Bonus
$539,398
Other Reportable
$53,961
Retirement/Deferred
$33,400
Nontaxable Benefits
$43,769
Executive Perks
Stephen Dyar MD
Base Salary
$606,134
Bonus
$223,515
Other Reportable
$77,715
Retirement/Deferred
$33,400
Nontaxable Benefits
$39,544
Executive Perks
Stephen Ridgeway MD
Base Salary
$961,893
Bonus
$421,452
Other Reportable
$94,053
Retirement/Deferred
$33,400
Nontaxable Benefits
$40,078
Executive Perks
Thomas Mann MD
Base Salary
$271,555
Bonus
$34,364
Other Reportable
$35,941
Retirement/Deferred
$8,054
Nontaxable Benefits
$32,884
Executive Perks
Wilbur Gay
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Dylan Watson MD
Base Salary
$780,359
Bonus
$694,215
Other Reportable
$55,084
Retirement/Deferred
$33,400
Nontaxable Benefits
$39,527
Executive Perks
Furkan Ertem MD
Base Salary
$707,304
Bonus
$787,822
Other Reportable
$100,430
Retirement/Deferred
$32,650
Nontaxable Benefits
$31,751
Executive Perks
James Jennings MD
Base Salary
$1,018,813
Bonus
$436,974
Other Reportable
$106,862
Retirement/Deferred
$8,400
Nontaxable Benefits
$27,766
Executive Perks
John Womack MD
Base Salary
$1,075,953
Bonus
$946,095
Other Reportable
$65,892
Retirement/Deferred
$33,400
Nontaxable Benefits
$39,879
Executive Perks
Matthew Sellers MD
Base Salary
$1,177,665
Bonus
$515,463
Other Reportable
$62,595
Retirement/Deferred
$33,400
Nontaxable Benefits
$38,439
Executive Perks
Governance & Compliance(Tax Year 2024)
Bon Secours Medical Group Greenville Specialty Care LLC has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 9 members, 0 of whom are independent.
Bon Secours Medical Group Greenville Specialty Care LLC's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2022–2024)
3 records
Showing the 3 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $155.6M | $250.6M | $-92.7M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $147.6M | $218.5M | $-65.9M |
| 2023 | Revoked | Tax-exempt status revoked Aug 14, 2023 | |||
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $84.4M | $109.3M | $-11.3M |
| This organization has been revoked. The IRS ruling date may have been reissued, so the filing history above may not reflect the complete record and some years may be missing. | |||||
Frequently Asked Questions
What does Bon Secours Medical Group Greenville Specialty Care LLC do?
PROVISION OF SPECIALTY CARE PHYSICIAN SERVICES TO THE RESIDENTS OF GREENVILLE, SOUTH CAROLINA AND SURROUNDING COMMUNITIES WITHOUT REGARD TO ABILITY TO PAY.
How much revenue does Bon Secours Medical Group Greenville Specialty Care LLC have?
Bon Secours Medical Group Greenville Specialty Care LLC reported $155,644,298 in total revenue for tax year 2024, up 5.5% from the prior year.
Who is the highest-paid executive at Bon Secours Medical Group Greenville Specialty Care LLC?
John Womack MD, Orthopedic Surgeon, received $2,161,219 in total compensation as of tax year 2024.
Is Bon Secours Medical Group Greenville Specialty Care LLC a 501(c)(3)?
Yes, Bon Secours Medical Group Greenville Specialty Care LLC is classified as a 501(c)(3) tax-exempt organization.
Where is Bon Secours Medical Group Greenville Specialty Care LLC located?
Bon Secours Medical Group Greenville Specialty Care LLC is headquartered in Greenville, SC 29601.
How many employees does Bon Secours Medical Group Greenville Specialty Care LLC have?
Bon Secours Medical Group Greenville Specialty Care LLC has 910 employees as of tax year 2024.
What type of nonprofit is Bon Secours Medical Group Greenville Specialty Care LLC?
Bon Secours Medical Group Greenville Specialty Care LLC is classified under NTEE code E30 (Ambulatory Health Centers), within the Healthcare category. It is a 501(c)(3) tax-exempt organization.
Is Bon Secours Medical Group Greenville Specialty Care LLC audited?
Yes, Bon Secours Medical Group Greenville Specialty Care LLC's financial statements are audited, and the organization has an audit committee.
Does Bon Secours Medical Group Greenville Specialty Care LLC give grants?
Yes, Bon Secours Medical Group Greenville Specialty Care LLC distributed $431 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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