Mainsail Health Partners is a 501(c)(3) organization based in Charleston, South Carolina, registered in 2020, with $125,735,337 in FY2023 revenue. CharityIndex grades it C+, and it directs about 78% of spending to programs.
Revenue (FY2023)
$125.7M
▲ 6165.9% vs prior year
Health median: $840K
Expenses (FY2023)
$5.1M
Net assets
$132.9M
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mainsail Health Partners: 78% to programs · $0 to raise $100 earns a D on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mainsail Health Partners: 314 mo reserves · +96% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mainsail Health Partners: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mainsail Health Partners: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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The purpose of the corporation is to support the charitable, scientific, eleemosynary, and educational missions of the medical university of south carolina (musc), an institution of higher learning and agency of the state of south carolina by and through expanded healthcare outreach across rural areas of the state and collaborations in the delivery of care with private industry that are aligned with the mission and objectives of musc. moreover, such expansion will provide meaningful new jobs and other economic benefit to rural counties across the state, which are often underserved in terms of access to healthcare.
Revenue grew from $3.0M (FY2020) to $125.7M (FY2023) across 4 reported years.
Financial snapshot
Operating margin
96.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$345.8M
Total liabilities
$212.9M
Net assets
$132.9M
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $125,735,337▲6166% | $5,077,618▲43.8% | $132,947,171▲982% | $345,823,134▲806% | 990 |
| 2022 | $2,006,664▼82.5% | $3,531,282▲537% | $12,289,452▼11.0% | $38,189,081▼50.0% | 990 |
| 2021 | $11,464,426▲282% | $554,316▲465% | $13,814,070▲376% | $76,368,989▲2444% | 990 |
| 2020 | $3,002,010 | $98,050 | $2,903,960 | $3,001,710 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Schulze | Director | 2 | — |
| Donald R Johnson II | Chair & Director | 2 | — |
| Forrest Alton | Director | 2 | — |
| Jack Jones | Director | 2 | — |
| John Osborne | Director | 2 | — |
| Patrick Cawley | Ceo | 3 | — |
| Stuart Smith | Director | 2 | — |
| Todd Lillibridge | Director | 2 | — |
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Data for Mainsail Health Partners (EIN 84-4667819) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.