Civic Intelligence

Lexmed Inc.

990 • Fiscal year 2024 • EIN 57-0874078

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 12, 2025

815 Old Cherokee RoadLexington, SC 29072

(803) 791-2522

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.07x

Higher debt load relative to assets than 96% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.62x

Higher debt load relative to revenue than 69% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

100th percentile

$5,359,496

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

57th percentile

7.6%

Faster asset growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

38th percentile

3.6%

Faster revenue growth than 38% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$21,166,901

Up $1,499,284 (+7.6%) from 2023

Net Assets

Down

-$1,554,692

Down $4,508,309 (-153%) from 2023

Liabilities

Up

$22,721,593

Up $6,007,593 (+36%) from 2023

Revenue

Up

$36,501,284

Up $1,265,877 (+3.6%) from 2023

Expenses

Up

$41,009,593

Up $2,902,373 (+7.6%) from 2023

Net Income

Down

-$4,508,309

Down $1,636,496 (-57%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$20M$0-$20MAssets 2021: $19,463,727Liabilities 2021: $11,285,174Net Assets 2021: $8,178,5532021Assets 2022: $19,804,956Liabilities 2022: $13,979,526Net Assets 2022: $5,825,4302022Assets 2023: $19,667,617Liabilities 2023: $16,714,000Net Assets 2023: $2,953,6172023Assets 2024: $21,166,901Liabilities 2024: $22,721,593Net Assets 2024: -$1,554,6922024Assets 2025: $23,778,403Liabilities 2025: $32,383,671Net Assets 2025: -$8,605,2682025

Highlighted filing

2024

Assets$21,166,901
Liabilities$22,721,593
Net Assets-$1,554,692

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2021: $22,725,899Expenses 2021: $25,880,891Net Income 2021: -$3,154,9922021Revenue 2022: $34,781,151Expenses 2022: $37,134,274Net Income 2022: -$2,353,1232022Revenue 2023: $35,235,407Expenses 2023: $38,107,220Net Income 2023: -$2,871,8132023Revenue 2024: $36,501,284Expenses 2024: $41,009,593Net Income 2024: -$4,508,3092024Revenue 2025: $36,151,668Expenses 2025: $43,202,244Net Income 2025: -$7,050,5762025

Highlighted filing

2024

Revenue$36,501,284
Expenses$41,009,593
Net Income-$4,508,309
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 12, 2025
Return Version
2023v6.0
Gross Receipts
$36,501,284
Mission and Program Overview

Mission

To promote and facilitate the provision of congregrate care, nursing, and operate health care related facilities for the aged in lexington county, south carolina and the surrounding areas.

To promote and facilitate the provision of congregate care, nursing, and operate health care related facilities for the aged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,639,418$17,115,392▲ $1,475,974
Accounts Receivable$3,636,224$3,693,531▲ $57,307
Inventories for Sale or Use$185,808$178,086▼ $7,722
Savings and Temporary Cash Investments$165,476$143,396▼ $22,080
Prepaid Expenses and Deferred Charges$39,066$34,755▼ $4,311
Cash and Non-Interest-Bearing Accounts$1,625$1,741▲ $116
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$2,953,617$-1,554,692▼ $4,508,309
Total Assets$19,667,617$21,166,901▲ $1,499,284
Liabilities
Other Liabilities$13,943,380$19,032,271▲ $5,088,891
Accounts Payable and Accrued Expenses$2,770,620$3,689,322▲ $918,702
Total Liabilities$16,714,000$22,721,593▲ $6,007,593
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,953,617$-1,554,692▼ $4,508,309
Total Liabilities and Net Assets / Fund Balance$19,667,617$21,166,901▲ $1,499,284

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,591,936$20,732,970$29,324,906
Equipment$7,096,548$6,958,302$14,054,850
Land$1,426,908-$1,426,908
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mickey LaydenPresident/CEO
Tod a AugsburgerPresident/CEO
David LambVice Chairman
Jeffrey BrillhartSr Vice President/CFO
Frank ShumpertBoard Member
Larry StroudBoard Member
Dr Gilbert L RogersMedical Director
Jeffrey Scott WilsonGeneral Counsel Srvp
Dr Charles P ToussaintPhysican
Dr David K LeePhysican
Dr Joshua D LawsonPhysican
Dr Quillin Gourley DavisPhysican
Dr Scott B BoydPhysican
Kathryn Diane GillVP for Extended Care
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,501,241
Investment Income
$43
Other Revenue
$0
Change in Net Assets
$-4,508,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,397,607
Other Expenses$10,611,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$16,818,302$6,024,785-$22,843,087
Other Employee Benefits-$7,554,520-$7,554,520
Depreciation Depletion$103,368$1,531,894-$1,635,262
Other Expenses$693,584$56,839-$750,423
All Other Expenses$42,702$349,300-$392,002
Fees for Services Other$20,672$226,702-$247,374
Occupancy$64,148$59,170-$123,318
Insurance-$33,724-$33,724
Interest-$19,046-$19,046
Total Functional Expenses$18,964,478$22,045,115$0$41,009,593
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$19,032,271
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Before form 990 is filed, the board members have been given an opportunity to review it in the organization's office.

Form 990, Part VI, Section B, Line 12C

Lexmed inc regularly and consistently monitors and enforces compliance with the conflict of interest policy through the corporate compliance officer and hotline of its supported organization, lexington health inc.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lexmed Inc
EIN
57-0874078
Phone
8037912522
Address
815 OLD CHEROKEE ROAD, LEXINGTON, SC 29072

Signing Officer

Name
Jeff Brillhart
Title
Senior Vice President & CFO
Phone
8037912000
Signed
2025-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Brillhart
Formed
2021
Legal Domicile
Sc
Voting Board Members
6
Independent Board Members
4
Employees
636
Volunteers
117

Preparer

Firm
Bauknight Pietras & Stormer Pa
Address
1501 MAIN ST SUITE 600, COLUMBIA, SC 29201
Preparer
Shellie S Johnson
Phone
8037718943
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No changes to the oversight process in current year.

Financial Statement Notes

PART X, LINE 2:

Lexmed inc. Is recognized as exempt from federal income tax under internal revenue code section 501(a) as an organization described in section 501(c)(3), and therefore, related income is generally not subject to federal or state income taxes.

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IRS990/OtherExpensesGrp/ProgramServicesAmt0514583
IRS990/OtherExpensesGrp/ProgramServicesAmt1707119
IRS990/OtherExpensesGrp/ProgramServicesAmt2693584
IRS990/OtherExpensesGrp/TotalAmt03359809
IRS990/OtherExpensesGrp/TotalAmt13214995
IRS990/OtherExpensesGrp/TotalAmt2836033
IRS990/OtherExpensesGrp/TotalAmt3750423
IRS990/OtherLiabilitiesGrp/BOYAmt013943380
IRS990/OtherLiabilitiesGrp/EOYAmt019032271
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06024785
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016818302
IRS990/OtherSalariesAndWagesGrp/TotalAmt022843087
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039066
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034755
IRS990/PrincipalOfficerNm0JEFF BRILLHART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0621400
IRS990/ProgramServiceRevenueGrp/BusinessCd1621400
IRS990/ProgramServiceRevenueGrp/BusinessCd2621400
IRS990/ProgramServiceRevenueGrp/Desc0PATIENT CARE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER CARE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER DEPARTMENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036084683
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1344757
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt271801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036084683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1344757
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt271801
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01532000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-174545
IRS990/PYOtherExpensesAmt010351493
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt033877952
IRS990/PYRevenuesLessExpensesAmt0-2871813
IRS990/PYSalariesCompEmpBnftPaidAmt027755727
IRS990/PYTotalExpensesAmt038107220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt035235407
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4508309
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt036501284
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02953617
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1554692
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0165476
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0143396
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0852276567
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01387792
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LEXINGTON HEALTH INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01387792
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08591936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020732970
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029324906
IRS990ScheduleD/EquipmentGrp/BookValueAmt07096548
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06958302
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014054850
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01426908
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01426908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019032271
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LEXMED INC. IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND THEREFORE, RELATED INCOME IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017115392
IRS990ScheduleD/TotalLiabilityAmt019032271
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt90
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount70
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount80
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount90
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0634168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt153075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt219000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt319000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt4230042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt591833
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt6209314
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt7169912
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt865601
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt918500

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