Civic Intelligence

Cooperative Healthcare Services Inc.

EIN 01-0594994 • 501(c)3 • Brunswick, GA

Pub. 78 Eligible

Profile

Cooperative Healthcare Services, Inc., will serve as a supporting organization to further enable Southeast Georgia Health System to provide safe, quality, accessible, and cost-effective care to meet the health needs of the people and communities it serves.

2415 Parkwood DriveBrunswick, GA 31520

sghs.org/about-us/southeast-gerogia-physicians-associates

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.44x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.41x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

6th percentile

-39%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$1,552,656

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

59th percentile

8.3%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

29th percentile

-0.1%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$14,250,199

Up $1,089,292 (+8.3%) from 2024

Liabilities

Down

$34,712,791

Down $1,718,488 (-4.7%) from 2024

Net Assets

Up

-$20,462,592

Up $2,807,780 (+12%) from 2024

Revenue

Down

$85,591,978

Down $64,909 (-0.1%) from 2024

Expenses

Down

$118,758,198

Down $5,163,451 (-4.2%) from 2024

Net Income

Up

-$33,166,220

Up $5,098,542 (+13%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20M-$40MAssets 2011: $16,573,286Liabilities 2011: $5,055,109Net Assets 2011: $11,518,1772011Assets 2012: $19,908,457Liabilities 2012: $7,890,638Net Assets 2012: $12,017,8192012Assets 2013: $17,884,523Liabilities 2013: $7,365,936Net Assets 2013: $10,518,5872013Assets 2014: $15,024,065Liabilities 2014: $9,973,641Net Assets 2014: $5,050,4242014Assets 2015: $14,133,781Liabilities 2015: $36,046,928Net Assets 2015: -$21,913,1472015Assets 2016: $12,932,880Liabilities 2016: $12,866,891Net Assets 2016: $65,9892016Assets 2017: $11,804,973Liabilities 2017: $12,713,973Net Assets 2017: -$909,0002017Assets 2018: $11,799,714Liabilities 2018: $18,339,426Net Assets 2018: -$6,539,7122018Assets 2019: $13,285,217Liabilities 2019: $21,419,591Net Assets 2019: -$8,134,3742019Assets 2020: $10,661,569Liabilities 2020: $20,898,913Net Assets 2020: -$10,237,3442020Assets 2021: $15,602,072Liabilities 2021: $28,123,476Net Assets 2021: -$12,521,4042021Assets 2022: $14,369,691Liabilities 2022: $30,824,665Net Assets 2022: -$16,454,9742022Assets 2023: $13,928,658Liabilities 2023: $30,404,495Net Assets 2023: -$16,475,8372023Assets 2024: $13,160,907Liabilities 2024: $36,431,279Net Assets 2024: -$23,270,3722024Assets 2025: $14,250,199Liabilities 2025: $34,712,791Net Assets 2025: -$20,462,5922025

Highlighted filing

2025

Assets$14,250,199
Liabilities$34,712,791
Net Assets-$20,462,592

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2011: $35,676,6162011Expenses 2012: $51,763,9192012Revenue 2013: $37,514,193Expenses 2013: $64,513,698Net Income 2013: -$26,999,5052013Revenue 2014: $40,566,209Expenses 2014: $72,010,257Net Income 2014: -$31,444,0482014Revenue 2015: $49,820,236Expenses 2015: $76,670,656Net Income 2015: -$26,850,4202015Revenue 2016: $53,923,173Expenses 2016: $83,209,832Net Income 2016: -$29,286,6592016Revenue 2017: $56,132,084Expenses 2017: $85,176,440Net Income 2017: -$29,044,3562017Revenue 2018: $59,488,115Expenses 2018: $93,923,879Net Income 2018: -$34,435,7642018Revenue 2019: $65,200,768Expenses 2019: $98,757,030Net Income 2019: -$33,556,2622019Revenue 2020: $66,562,213Expenses 2020: $99,947,112Net Income 2020: -$33,384,8992020Revenue 2021: $70,139,895Expenses 2021: $107,099,282Net Income 2021: -$36,959,3872021Revenue 2022: $76,135,784Expenses 2022: $115,659,854Net Income 2022: -$39,524,0702022Revenue 2023: $79,673,246Expenses 2023: $117,121,290Net Income 2023: -$37,448,0442023Revenue 2024: $85,656,887Expenses 2024: $123,921,649Net Income 2024: -$38,264,7622024Revenue 2025: $85,591,978Expenses 2025: $118,758,198Net Income 2025: -$33,166,2202025

Highlighted filing

2025

Revenue$85,591,978
Expenses$118,758,198
Net Income-$33,166,220

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.3$34.7$20.5$85.6$119$33.2
2024Detailed filing. Detailed filing data is available for this year.$13.2$36.4$23.3$85.7$124$38.3
2023Detailed filing. Detailed filing data is available for this year.$13.9$30.4$16.5$79.7$117$37.4
2022Detailed filing. Detailed filing data is available for this year.$14.4$30.8$16.5$76.1$116$39.5
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$28.1$12.5$70.1$107$37.0
2020Detailed filing. Detailed filing data is available for this year.$10.7$20.9$10.2$66.6$99.9$33.4
2019Detailed filing. Detailed filing data is available for this year.$13.3$21.4$8.13$65.2$98.8$33.6
2018Detailed filing. Detailed filing data is available for this year.$11.8$18.3$6.54$59.5$93.9$34.4
2017Detailed filing. Detailed filing data is available for this year.$11.8$12.7$0.91$56.1$85.2$29.0
2016Detailed filing. Detailed filing data is available for this year.$12.9$12.9$0.07$53.9$83.2$29.3
2015Summary only. Only limited summary data is available for this year.$14.1$36.0$21.9$49.8$76.7$26.9
2014Detailed filing. Detailed filing data is available for this year.$15.0$9.97$5.05$40.6$72.0$31.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$7.37$10.5$37.5$64.5$27.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.9$7.89$12.0$51.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$5.06$11.5$35.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Apr 30, 2025
Signed
Mar 16, 2026
Return Version
2024v5.1
Gross Receipts
$85,591,978
Mission and Program Overview

Mission

Cooperative Healthcare Services, Inc., will serve as a supporting organization to further enable Southeast Georgia Health System to provide safe, quality, accessible, and cost-effective care to meet the health needs of the people and communities it serves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$7,978,076$6,466,698▼ $1,511,378
Land, Buildings, and Equipment, Net$1,340,743$1,621,473▲ $280,730
Inventories for Sale or Use$185,755$185,755→ $0
Prepaid Expenses and Deferred Charges$82,293$67,776▼ $14,517
Cash and Non-Interest-Bearing Accounts$7,733$1▼ $7,732
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$13,160,907$14,250,199▲ $1,089,292
Other Assets Total$3,566,307$5,908,496▲ $2,342,189
Liabilities
Accounts Payable and Accrued Expenses$35,867,929$34,293,400▼ $1,574,529
Other Liabilities$563,350$419,391▼ $143,959
Total Liabilities$36,431,279$34,712,791▼ $1,718,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-23,270,372$-20,462,592▲ $2,807,780
Total Net Assets Fund Balance$-23,270,372$-20,462,592▲ $2,807,780
Total Liabilities and Net Assets / Fund Balance$13,160,907$14,250,199▲ $1,089,292

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,484,640$5,646,377$7,131,017
Leasehold Improvements$136,833$80,692$217,525
Other Land Buildings$0$58,000$58,000
Other Assets Org$3,149,561--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Timothy Jamieson MDPhysicianFT$542,273$1,010,383$1,552,656
Dennis Carter MDPhysician/Board MemberFT$618,478$632,173$1,250,651
Matthew Certain MDPhysicianFT$608,992$616,029$1,225,021
Thomas Sasser MDPhysicianFT$623,738$533,562$1,157,300
Michael Sullivan MDPhysicianFT$622,890$494,933$1,117,823
Mitchell T Jones MDPhysicianFT$468,780$549,493$1,018,273
Stephen Chitty IV MDBoard Member / PhysicianFT$398,897$400,737$799,634

Board Members and Trustees

NameTitle
Bryon S RaynesPresident & CEO (rolled off)
Christy JordanPresident & CEO (rolled on)
Ron AdamsBoard Member
Roosevelt HarrisBoard Member
WH Bill GrossBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Delta Locum TenensHealthcare ServicesPO BOX 202940, Dallas, TX 75320-2940$1,294,102
Smh Innovations LLCHealthcare Services463 POOLER PKWY PMB 132, Pooler, GA 31322$979,151
Jeong Sok Seo MdHealthcare Services9 BELTED KINGFISHER RD, Amelia Island, FL 32034$612,900
Frederica Imaging PCHealthcare ServicesP O BOX 14624, Savannah, GA 31416$378,571
Bulldoggastro LLCHealthcare Services203 HERMITAGE WAY, St Simons Island, GA 31522$293,207
Revenue and Support

Revenue Composition

Contributions and Grants
$767,000
Program Service Revenue
$70,620,126
Investment Income
$8,927
Other Revenue
$14,195,925
Change in Net Assets
$-33,166,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$100,110,126
Other Expenses$18,648,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$85,016,467$1,023,066-$86,039,533
Office Expenses$9,008,727$292,838-$9,301,565
Fees for Services Other$7,813,054$641,086$0$8,454,140
Other Employee Benefits$6,250,119$335,887-$6,586,006
Payroll Taxes$4,070,950$218,775-$4,289,725
Pension Plan Contributions$3,031,924$162,938-$3,194,862
Depreciation Depletion$364,707--$364,707
Travel$321,233$13,989-$335,222
Fees for Services Accounting-$154,788-$154,788
Occupancy$127,477$6,351-$133,828
Other Expenses$168--$168
Insurance$-2,501,032--$-2,501,032
Total Functional Expenses$115,908,480$2,849,718$0$118,758,198

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$419,391
Other Payables-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

Effective May 1, 2015, Southeast Georgia Health System, Inc. (SGHS, Inc.) is the sole corporate member of Cooperative Healthcare Services, Inc. (CHSI).

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

An electronic copy of Form 990 was provided to the Board of Directors of Cooperative Healthcare Services, Inc., prior to being filed with the Internal Revenue Service.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Effective May 1, 2015, Southeast Georgia Health System, Inc. (SGHS, Inc.) is the sole corporate member of Cooperative Healthcare Services, Inc. (CHSI). SGHS, Inc has the power to approve and appoint board members of CHSI.

Form 990, Part VI, Line 12C Conflict of interest policy

Cooperative Healthcare Services, Inc., has adopted the conflict-of-interest, whistleblower, and document retention and destruction policies of Southeast Georgia Health System, Inc., the sole member of Cooperative Healthcare Services, Inc. Under the conflict-of-interest policy, the Compliance Department requires all members of the Board of Directors, officers and key employees to report any potential conflicts on an annual basis.

Form 990, Part VI, Line 19 Required documents available to the public

Except through the normal IRS/Form 990 inspection process, Southeast Georgia Health System Foundation, Inc. has not established a standard process for making its governing documents / conflict of interest policy available to the public and the financial statements for CHSI are available on the Southeast Georgia Health System website. The financial position and statements of operations and changes in net assets are included in the supplementary information of the consolidated audited financial statements. These documents are available to the public upon request.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Medical Record Fees - Total Revenue: 22781, Related or Exempt Function Revenue: 22781, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Cooperative Healthcare Services Inc
EIN
01-0594994
Phone
9124667000
Address
2415 Parkwood Drive, Brunswick, GA 31520
Doing Business As
Southeast Georgia Physician Associates

Signing Officer

Name
Christy Jordan
Title
President & CEO
Phone
9124667000
Signed
2026-03-16
Discuss with paid preparer
Yes

Organization Details

Formed
2002
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
3
Employees
710
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
One Oak Plaza Suite 300, Asheville, NC 28801
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 7 Explanation of Salaries Paid

Part IX, Line 7 reflects salaries and wages paid by Southeast Georgia Health System, Inc., (58-1911751), on behalf of Cooperative Healthcare Services Inc., therefore, no amounts have been entered in Part 5 line 2a with regard to the number of employees reported on form W-3. However, 3 employees were included in the number of employees reported by Southeast Georgia Health System, Inc., for the calendar year ending within the year covered by this return corresponding to the amount reported on Part IX, Line 7.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Transfer of Equity - 35974000; Total - 35974000;

Form 990, Part XII, Line 2C Change of oversight process or selection process

The process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Cooperative Healthcare Services, Inc (CHSI) has been recognized as a tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for state or federal income taxes has been presented in the accompanying consolidated financial statements. CHSI recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. CHSI has determined that it does not have any material unrecognized tax benefits or obligations.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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