Civic Intelligence

Southeastern Regional Physician Services

EIN 26-4762805 • 501(c)3 • Lumberton, NC

Profile

Physician services operates more than 40 primary care, specialty and urgent care clinics throughout robeson, bladen, cumberland and scotland counties, specializing in providing quality family or internal medicine services.

PO Box 1408 300 W 27th StreetLumberton, NC 28359-1408

www.srmc.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.33x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.31x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

1st percentile

-269%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$1,188,459

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 16.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,771,907

Down $1,421,569 (-17%) from 2023

Liabilities

Down

$2,223,488

Down $14,052,839 (-86%) from 2023

Net Assets

Up

$4,548,419

Up $12,631,270 (+156%) from 2023

Revenue

Down

$7,071,542

Down $2,209,516 (-24%) from 2023

Expenses

Down

$26,083,341

Down $6,979,694 (-21%) from 2023

Net Income

Up

-$19,011,799

Up $4,770,178 (+20%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2012: $19,870,367Liabilities 2012: $621,174Net Assets 2012: $19,249,1932012Assets 2013: $18,518,214Liabilities 2013: $767,649Net Assets 2013: $17,750,5652013Assets 2014: $17,091,377Liabilities 2014: $884,113Net Assets 2014: $16,207,2642014Assets 2015: $15,785,807Liabilities 2015: $1,148,265Net Assets 2015: $14,637,5422015Assets 2016: $15,105,231Liabilities 2016: $562,785Net Assets 2016: $14,542,4462016Assets 2017: $15,241,303Liabilities 2017: $503,161Net Assets 2017: $14,738,1422017Assets 2018: $13,434,814Liabilities 2018: $732,873Net Assets 2018: $12,701,9412018Assets 2019: $13,390,234Liabilities 2019: $649,881Net Assets 2019: $12,740,3532019Assets 2020: $22,363,102Liabilities 2020: $2,075,761Net Assets 2020: $20,287,3412020Assets 2021: $38,282,293Liabilities 2021: $661,648Net Assets 2021: $37,620,6452021Assets 2022: $9,907,191Liabilities 2022: $446,609Net Assets 2022: $9,460,5822022Assets 2023: $8,193,476Liabilities 2023: $16,276,327Net Assets 2023: -$8,082,8512023Assets 2024: $6,771,907Liabilities 2024: $2,223,488Net Assets 2024: $4,548,4192024

Highlighted filing

2024

Assets$6,771,907
Liabilities$2,223,488
Net Assets$4,548,419

Operations Trend

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

$60M$40M$20M$0-$20M-$40MExpenses 2012: $26,845,1982012Expenses 2013: $28,458,9622013Revenue 2014: $22,067,778Expenses 2014: $29,972,218Net Income 2014: -$7,904,4402014Revenue 2015: $22,642,098Expenses 2015: $31,519,764Net Income 2015: -$8,877,6662015Revenue 2016: $22,361,432Expenses 2016: $32,417,466Net Income 2016: -$10,056,0342016Revenue 2017: $21,099,533Expenses 2017: $30,179,999Net Income 2017: -$9,080,4662017Revenue 2018: $23,181,194Expenses 2018: $36,537,962Net Income 2018: -$13,356,7682018Revenue 2019: $27,510,777Expenses 2019: $44,702,116Net Income 2019: -$17,191,3392019Revenue 2020: $28,788,737Expenses 2020: $44,286,090Net Income 2020: -$15,497,3532020Revenue 2021: $24,618,776Expenses 2021: $32,938,854Net Income 2021: -$8,320,0782021Revenue 2022: $29,597,764Expenses 2022: $44,566,580Net Income 2022: -$14,968,8162022Revenue 2023: $9,281,058Expenses 2023: $33,063,035Net Income 2023: -$23,781,9772023Revenue 2024: $7,071,542Expenses 2024: $26,083,341Net Income 2024: -$19,011,7992024

Highlighted filing

2024

Revenue$7,071,542
Expenses$26,083,341
Net Income-$19,011,799

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$7,071,542
Mission and Program Overview

Mission

Physician services operates more than 30 primary care, specialty and urgent care clinics throughout robeson, bladen, cumberland and scotland counties, specializing in providing quality family or internal medicine services.

Physician services is the outpatient arm for unc southeastern, serving patients in robeson, bladen, cumberland, and scotland counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,437,154$5,199,590▼ $1,237,564
Cash and Non-Interest-Bearing Accounts$540,663$918,883▲ $378,220
Accounts Receivable$1,215,659$653,434▼ $562,225
Total Assets$8,193,476$6,771,907▼ $1,421,569
Liabilities
Accounts Payable and Accrued Expenses$16,276,327$2,223,488▼ $14,052,839
Total Liabilities$16,276,327$2,223,488▼ $14,052,839
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,082,851$4,548,419▲ $12,631,270
Total Net Assets Fund Balance$-8,082,851$4,548,419▲ $12,631,270
Total Liabilities and Net Assets / Fund Balance$8,193,476$6,771,907▼ $1,421,569

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,885,064$8,990,681$10,875,745
Buildings$2,053,813$6,330,335$8,384,148
Land$1,260,713-$1,260,713
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Xiuxian ZhuPhysician$582,083$606,376$1,188,459
Sagir AhmedPhysician$715,213$12,000$727,213
Hiten PatelPhysician$650,120$47,375$697,495
Ifad RahmanPhysician$534,591$43,100$577,691
Komal MotwaniPhysician$224,469$20,000$244,469

Board Members and Trustees

NameTitle
Chris EllingtonPresident/ce
Tom SchramSecretary
Lori DoveVP
Sara BradleyVP/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,569,487
Investment Income
$10,076
Other Revenue
$491,979
Change in Net Assets
$-19,011,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,125,495
Salaries, Compensation, and Employee Benefits$8,957,846
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,568,806$192,838-$7,761,644
Fees for Services Other$2,185,558--$2,185,558
Other Employee Benefits$1,166,482$29,720-$1,196,202
Depreciation Depletion$782,816$86,980-$869,796
Occupancy$203,486--$203,486
Other Expenses$136,405$40,656-$40,656
Office Expenses$5,088$7,365-$12,453
Travel$11,936--$11,936
Total Functional Expenses$25,725,782$357,559$0$26,083,341
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

Corporate officers review form 990 before filing

Form 990, Page 6, Part VI, Line 12C

A copy of southeastern regional medical center's (center) conflict of interest policy along with a statement of conflict of interest is given to the center's officers, directors, trustees and key employees annually to review and sign. If any disclosures are made, discussions with the interested person occur and then he or she leaves the meeting, at which time the remaining board or committee members decide if a conflict of interest exists. If a conflict of interest is determined to exist, the board determines whether the center can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If that is not reasonably attainable, the board or committee, by a majority vote of disinterested directors, shall determine whether the transaction or arrangement is in the center's best interest, for its own benefit, and whether the transaction is fair and reasonable to the center.

Form 990, Page 6, Part VI, Line 15A

The ceo and vice president positions were evaluated by a separate compensation committee and an independent consulting firm. The executive compensation philosophy was updated. Information was gathered on competitive practices and a reasonable compensation plan was determined. Actions of the committee are approved regularly and are based on the organization's rebuttable presumption policy that requires the committee to exercise the diligence needed to meet the requirements for the presumption of reasonableness.

Form 990, Page 6, Part VI, Line 15B

SAME AS ABOVE

Form 990, Page 6, Part VI, Line 19

Various governing documents are made available to the general public using srmc's website, other website, and providing copies upon request.

Filing and Contact Details

Filer

Filer Name
Southeastern Regional Physician
EIN
26-4762805
Phone
9106715090
Address
PO BOX 1408 300 W 27TH STREET, LUMBERTON, NC 28359-1408

Signing Officer

Name
Sara Bradley
Title
VP/treasurer
Phone
9106715000
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ellington
Formed
2009
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
0
Employees
108

Preparer

Firm
S Preston Douglas & Associates Llp
Address
PO BOX 2339, LUMBERTON, NC 28359-2339
Preparer
John L Grissom Jr
Phone
9107397523
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Transfers from tax exmpt related org 31,643,069 transfers from tax exmpt related org 0 total 31,643,069

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2650120
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4224469
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1727213
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2697495
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CORPORATE OFFICERS REVIEW FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF SOUTHEASTERN REGIONAL MEDICAL CENTER'S (CENTER) CONFLICT OF INTEREST POLICY ALONG WITH A STATEMENT OF CONFLICT OF INTEREST IS GIVEN TO THE CENTER'S OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ANNUALLY TO REVIEW AND SIGN. IF ANY DISCLOSURES ARE MADE, DISCUSSIONS WITH THE INTERESTED PERSON OCCUR AND THEN HE OR SHE LEAVES THE MEETING, AT WHICH TIME THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, THE BOARD DETERMINES WHETHER THE CENTER CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THAT IS NOT REASONABLY ATTAINABLE, THE BOARD OR COMMITTEE, BY A MAJORITY VOTE OF DISINTERESTED DIRECTORS, SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CENTER'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO AND VICE PRESIDENT POSITIONS WERE EVALUATED BY A SEPARATE COMPENSATION COMMITTEE AND AN INDEPENDENT CONSULTING FIRM. THE EXECUTIVE COMPENSATION PHILOSOPHY WAS UPDATED. INFORMATION WAS GATHERED ON COMPETITIVE PRACTICES AND A REASONABLE COMPENSATION PLAN WAS DETERMINED. ACTIONS OF THE COMMITTEE ARE APPROVED REGULARLY AND ARE BASED ON THE ORGANIZATION'S REBUTTABLE PRESUMPTION POLICY THAT REQUIRES THE COMMITTEE TO EXERCISE THE DILIGENCE NEEDED TO MEET THE REQUIREMENTS FOR THE PRESUMPTION OF REASONABLENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VARIOUS GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC USING SRMC'S WEBSITE, OTHER WEBSITE, AND PROVIDING COPIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFERS FROM TAX EXMPT RELATED ORG 31,643,069 TRANSFERS FROM TAX EXMPT RELATED ORG 0 TOTAL 31,643,069
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt026083341
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IRS990/TotalProgramServiceRevenueAmt06569487
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07071542
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06771907
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IRS990/TravelGrp/TotalAmt011936
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SARA BRADLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09106715000
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEASTERN REGIONAL PHYSICIAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SERVICES
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0264762805
ReturnHeader/Filer/PhoneNum09106715090
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1408 300 W 27TH STREET
ReturnHeader/Filer/USAddress/CityNm0LUMBERTON
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560731535
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0S PRESTON DOUGLAS & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2339
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUMBERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0283592339
ReturnHeader/PreparerPersonGrp/PhoneNum09107397523
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN L GRISSOM JR
ReturnHeader/ReturnTs02025-05-13T08:08:00-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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