Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

South Carolina · Ranked 492 of 1033 by CEO pay.

Georgetown Memorial Hospital

Bruce Bailey, President & CEO. Fiscal year ending 2025-09.

$829,249
CEO total compensation
Form 990 Part VII, columns D+E+F
0.53%
of expenses spent on charity care
Schedule H Part I line 7a
33.3%
CEO pay as a share of all charity care
Bruce Bailey’s pay of $829,249 equals 33.3 percent of the $2,493,381 the system spent on charity care in the same year.

Most of the reported compensation ($789,203 of $829,249) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$493,870,705
Total expenses
$474,722,152
Net assets
$334,255,060
Employees
0
Hospitals covered
2 facilities across 2 filings
Charity care, net
$2,493,381
Bad debt
$7,279,684
Medicare surplus (shortfall), as filed
($33,308,245)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$789,203
Other compensation, including deferred pay and nontaxable benefits (col. F)
$40,046
CEO total compensation (D+E+F)
$829,249 to Bruce Bailey

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Georgetown Memorial Hospital, EIN 57-0341194, fiscal year ending 2025-09, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$13.5M Of which charity care to patients who could not pay (line 7a)$2.5M (18%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($7.3M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

§3Filings in this system

Filing entityEINFY endRevenueCharity care% of expensesFiling
Georgetown Memorial Hospital57-03411942025-09$268.1M$1.7M0.63%990
Waccamaw Community Hospital04-36332632025-09$225.7M$833,3520.42%990

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Georgetown Memorial Hospital: CEO pay $829,249, charity care 0.53% of expenses