Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
EIN 51-0473500 • 501(c)3 • Florence, SC
Profile
To operate a health care system providing medical excellence to the eastern region of south carolina and the extreme southeastern region of north carolina.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.7% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
56th percentile
Faster revenue growth than 56% of similar nonprofits.
Assets
Up$235,120,749
Up $83,096,763 (+55%) from 2023
Liabilities
Up$292,716,400
Up $83,752,747 (+40%) from 2023
Net Assets
Down-$57,595,651
Down $655,984 (-1.2%) from 2023
Revenue
Up$340,817,246
Up $27,440,290 (+8.8%) from 2023
Expenses
Up$342,603,028
Up $25,833,529 (+8.2%) from 2023
Net Income
Up-$1,785,782
Up $1,606,761 (+47%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To operate a health care system providing medical excellence to the eastern region of south carolina and the extreme southeastern region of north carolina.
To operate health care system
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Prepaid Expenses and Deferred Charges | $12,446,216 | $14,196,207 | ▲ $1,749,991 |
| Land, Buildings, and Equipment, Net | $8,096,528 | $11,876,922 | ▲ $3,780,394 |
| Inventories for Sale or Use | $6,107,356 | $6,328,526 | ▲ $221,170 |
| Accounts Receivable | $123,113 | $118,649 | ▼ $4,464 |
| Cash and Non-Interest-Bearing Accounts | $-6,743 | $-727 | ▲ $6,016 |
| Total Assets | $152,023,986 | $235,120,749 | ▲ $83,096,763 |
| Other Assets Total | $125,257,516 | $202,601,172 | ▲ $77,343,656 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $0 | $150,990,732 | ▲ $150,990,732 |
| Other Liabilities | $168,534,773 | $88,069,068 | ▼ $80,465,705 |
| Accounts Payable and Accrued Expenses | $40,428,880 | $53,656,600 | ▲ $13,227,720 |
| Total Liabilities | $208,963,653 | $292,716,400 | ▲ $83,752,747 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-56,939,667 | $-57,595,651 | ▼ $655,984 |
| Total Net Assets Fund Balance | $-56,939,667 | $-57,595,651 | ▼ $655,984 |
| Total Liabilities and Net Assets / Fund Balance | $152,023,986 | $235,120,749 | ▲ $83,096,763 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $11,862,795 | $6,232,158 | $18,094,953 |
| Buildings | $14,127 | $1,866 | $15,993 |
| Other Assets Org | $3,957 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Donna C Isgett | President/CEO | PT | $1,294,560 | $941,458 | $2,236,018 |
| C Dale Lusk Md | Sr. VP/exec Medical Officer | FT | $618,958 | $600,201 | $1,219,159 |
| S Fulton Ervin Iii | Corporate Sr. VP/CFO | PT | $650,408 | $392,725 | $1,043,133 |
| Matthew Johnson Md | COO/chief Clinical Officer | PT | $704,351 | $276,302 | $980,653 |
| Lesli Mcgee | Sr. VP | FT | $458,505 | $207,930 | $666,435 |
| Matt Reich | Sr. VP/ CIO | FT | $408,295 | $255,500 | $663,795 |
| Michael Rose Md | Sr. VP | FT | $405,476 | $246,892 | $652,368 |
| Bryon Frost Md | VP/CHF Med Informatics Officer | FT | $477,705 | $117,339 | $595,044 |
| Name | Title |
|---|---|
| Ronald M Fowler | Chairman |
| Frank J Buddy Brand Ii | Vice Chair |
| Allie E Brooks Jr | Trustee |
| Amy Urquhart | Trustee |
| Ashley Brady | Trustee |
| Benjamin T Zeigler | Trustee |
| Beverly S Hazelwood | Trustee |
| Frances Segars Jones | Trustee |
| Frank V Boulineau Iii | Trustee |
| H Sullivan Blair | Trustee |
| J Douglas Lynn | Trustee |
| Jeannette Glenn | Trustee |
| Mary D Anderson | Trustee |
| Raymond B Clark | Trustee |
| Tarek M Bishara Md | Trustee |
| Tracy P Ray | Trustee |
| Virginia L Clyburn-ipock Md | Trustee |
| William Boulware Md | Trustee |
| Willie E Bill Boys Sr | Trustee |
| Carmen Piccolo Md | Trustee/chief of Staff-mrmc |
| Amit V Pande Md | Trustee/staff Md-related Org |
| James Ch Smith Md | Trustee/staff Md-related Org |
| Patrick Denton Md | Trustee/staff Md-related Org |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Argos Health INC | Collection Services | 4057 RURAL PLAINS CIRCLE STE 400, Franklin, TN 37064 | $3,403,554 |
| Optimum Healthcare It LLC | Contract Labor | PO BOX 741383, Atlanta, GA 30374 | $2,989,199 |
| Xtend Healthcare | Consulting Services | 90 VOLUNTEER DRIVE, Hendersonville, TN 37075 | $2,288,072 |
| Forvis LLP | Consulting Services | 600 N HURSTBOURNE PARKWAY SUITE 35, Louisville, KY 40252 | $926,527 |
| Visante Consulting | Consulting Services | 101 EASY FIFTH ST 2220, Saint Paul, MN 55101 | $863,266 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $252,911,186 |
| Other Expenses | $89,691,842 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Employee Benefits | $90,631,302 | - | - | $90,631,302 |
| Other Salaries and Wages | $90,612,255 | - | - | $90,612,255 |
| Payroll Taxes | $50,073,780 | - | - | $50,073,780 |
| Fees for Services Other | $5,253,169 | $35,997,562 | - | $41,250,731 |
| Information Technology | $25,374,868 | - | - | $25,374,868 |
| Pension Plan Contributions | $17,661,226 | - | - | $17,661,226 |
| Insurance | $6,367,492 | - | - | $6,367,492 |
| Office Expenses | $4,968,698 | $1,988 | - | $4,970,686 |
| Fees for Services Legal | - | $4,453,343 | - | $4,453,343 |
| Current Officers, Directors, Trustees, and Key Employees | $3,932,623 | - | - | $3,932,623 |
| Depreciation Depletion | $3,395,020 | - | - | $3,395,020 |
| Advertising | $1,392,231 | - | - | $1,392,231 |
| Occupancy | $539,982 | - | - | $539,982 |
| Travel | $507,929 | - | - | $507,929 |
| Conferences and Meetings | $341,957 | - | - | $341,957 |
| Fees for Services Accounting | - | $302,775 | - | $302,775 |
| Fees for Services Lobbying | - | $82,000 | - | $82,000 |
| Interest | $16,920 | - | - | $16,920 |
| Other Expenses | $912 | - | - | $912 |
| Total Functional Expenses | $301,765,360 | $40,837,668 | $0 | $342,603,028 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Intercompany Payable | $81,220,315 |
| Epic License Payable | $6,417,201 |
| Lease Liability | $431,552 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Sc Jobs-economic Development Authority | 2024-08-07 | $152,494,745 | SEE PART VI |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $152,809,424 | $51,401,295 | - | $1,565,253 |
“Trustees buddy brand and ben zeigler have a business relationship.”
“The process the organization uses to review the form 990 consists of providing electronic copies of the form 990 to each member of the mcleod health board along with an electronic slide presentation covering form 990 by the preparing firm, plante & moran, pllc, to allow for a thorough review before the filing date of august 15, 2025.”
“Mcleod health regularly and consistently monitors and enforces compliance with the conflict of interest policy in that any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committee with governing board delegated powers considering the proposed transaction or arrangement. The remaining individuals on the governing board or committee meeting will decide if conflicts of interest exist. Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish its tax-exempt purpose.”
“In determining compensation of mcleod health's ceo and the other officers and key employees, the process included a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The governance committee reviewed and approved the ceo's compensation. In the review of compensation, the ceo, other officers, and other key employees, was compared to other similarly situated organizations and positions. Individuals were not present when their compensation was determined.”
“The governing documents, conflict of interest policy, and financial statements are not available to the public upon request. However, the organzation's form 990 provides financial information, and addresses issues of governance such as the organization's conflict of interest and governance policy.”
“About mcleod health founded in 1906, mcleod health is a local not for profit organization with seven hospitals, mcleod health operates three health and fitness centers, a sports medicine and outpatient rehabilitation center, hospice and home health services. The hospitals within mcleod health include: mcleod regional medical center, mcleod health dillon, mcleod health loris, mcleod health seacoast, mcleod health cheraw, mcleod health clarendon and mcleod behavioral health. The total licensed beds for the mcleod health system includes 1,036 beds with 989 of those being licensed as acute by sc dhec. In addition to mcleod regional medical center with 517 licensed beds and 48 additional neonatal intensive care unit beds, the other acute-care facilities mentioned above give mcleod greater flexibility in providing care to those outside of florence county: mcleod health dillon with 79 licensed beds, mcleod health loris with 50 licensed beds, mcleod health seacoast with 155 licensed beds, mcleod health cheraw with 59 licensed beds, mcleod health clarendon with 81 licensed beds, and mcleod behavioral health provides 23 inpatient psychiatric beds. In addition, mcleod hospice serves the community with inpatient hospice beds for respite and end of life care. The only inpatient hospice facility in the pee dee region, the mcleod hospice house includes 24 licensed beds. Recognized nationally for its quality and safety initiatives, mcleod health has a leading regional presence in northeastern south carolina and southeastern north carolina and a dedication to the health of the more than one million residents of those communities it serves from the midlands to the coast. Mcleod health is constantly seeking to improve its patient care with efforts that are physician led, data-driven and evidence-based. Service area the primary service area includes the following eight counties: chesterfield, clarendon, darlington, dillon, florence, horry, marion, and marlboro the secondary service area includes the following ten counties: georgetown, lee, sumter and williamsburg in south carolina and anson, brunswick, columbus, richmond, robeson and scotland in north carolina mission statement the mission of mcleod health is to improve the overall health and well begin of people living within south carolina and eastern north carolina by proving excellence in healthcare. Vision to be the choice for medical excellence. Values the core values of mcleod health: the value of caring, the value of quality, the value of integrity, the value of the person are reflected in the mcleod health day-to-day operations. Governance the mcleod health board of trustees is a self-perpetuating, governing board that includes professional members and physicians. The board is composed of representation from those counties within our primary service area. Board members serve five-year terms and are eligible to serve three consecutive five-year terms. The mcleod regional medical center community board is an advisory board selected by the mcleod health board. More than 50% of the board members are physicians. Board members serve three-year terms. Mcleod regional medical center the flagship hospital of the mcleod health organization is mcleod regional medical center (mrmc) in florence, south carolina. This 517-bed regional referral tertiary care center serves patients and families living in the northeastern region of south carolina. The medical center includes an accredited cancer center, a stereotactic radiosurgery program, three dedicated open heart surgery suites and two vascular hybrid ors within the heart & vascular institute as well as a dedicated neuro-interventional biplane x-ray suite for thrombectomy procedures and endovascular coiling. The mcleod centers of excellence include heart and vascular, cancer, surgery, orthopedics, neurosciences, and women's and children's in addition to emergency and trauma services, rehabilitation and sports medicine services, and hospice and home hea”
“When they performed the area's first advanced procedure for an unruptured brain aneurysm using only a tiny metal spring. Endovascular coiling is a procedure to treat aneurysms from inside the blood vessel. Small coils are inserted into the aneurysm through the arteries that run from the groin to the brain. The coils are made of soft platinum metal and shaped like a spring. They are very small and thin with the largest about twice the width of a human hair. These coils stop the blood from flowing into the aneurysm. Depending on the size of the aneurysm, more than one coil may be needed to completely seal off the aneurysm. It is the technology of the neurointerventional bi-plane suite that allows the physician to perform the coiling procedure and prevents them from having to perform open brain surgery. A new emergency department and chest pain center opened up on the mrmc campus in june 2021. Also in 2021, mcleod physicians performed the area's first thrombectomy. The medical experts at mcleod saved a patient from the devastating effects of stroke by removing a blood clot from his brain. The first thrombectomy procedure at mcleod was performed in a dedicated neurointerventional bi-plane x-ray suite that opened at mcleod regional medical center in late 2020. The bi-plane imaging system produces highly detailed three-dimensional views of blood vessels heading to the brain and deep within the brain. This technology allows doctors to follow the blood flow path to the exact location of the issue. Designed for the emergency treatment of stroke patients, the suite is equipped with the most advanced medical imaging technologies available. In 2023, mcleod opened a new dedicated electrophysiology device lab at mrmc. With the opening of the new lab, mcleod health now has four dedicated electrophysiology labs: one at mcleod health seacoast and three at the florence campus. Pacemakers, defibrillators, and internal loop recorders are some of the services that are offered in this new space. The opening of the new electrophysiology lab has also paved the way for increased availability for cases performed by the mcleod structural heart team. Many of these procedures need the advanced technological equipment available in a specialized lab. A teaching facility since 1980, mcleod supports a three-year family medicine residency program and a family medicine rural residency, a one-year pharmacy practice residency program, a one-year nurse residency program and the mcleod school of medical technology. Also falling under the mrmc umbrella, mcleod health and fitness center in florence is the region's largest and only medically-based health and wellness center. In addition, the team of mcleod sports medicine therapists, trainers and physicians meet the needs of a very active region. Mcleod outpatient rehabilitation and sports medicine services is also located on the mcleod wellness campus adjacent to the mcleod health and fitness center. This facility houses the adult outpatient therapy services of physical therapy, occupational therapy, speech therapy, work recovery, sports medicine and the occupational therapy hand center. Mcleod behavioral health hospital is also part of mrmc and is located in darlington, south carolina, and is committed to providing excellent care to individuals experiencing a primary psychiatric illness with or without a co-occurring substance abuse disorder. The 23,500-square foot hospital opened in 2005 and features a clearly defined entrance and 23 patient rooms. The goal of mcleod behavioral health is to provide individualized care in a supportive atmosphere. The hospital views each patient as a unique individual and its interdisciplinary team strives to help all patients meet their goals for improved mental health. The patient is at the center of this team and is supported by the attending physician, advanced practice providers, nursing staff, care managers and activity therapists who are responsible for assessing, planning, de”
“With a strong history in the chesterfield community since 1958, mcleod health cheraw, formerly chesterfield general hospital, serves residents of chesterfield and marlboro counties with excellence in patient care. As part of mcleod health, patients receive access to specialized services, improved technology, an outstanding physician network and enhanced facilities. Services available at mcleod health cheraw include: cardiac care, diagnostic imaging, laboratory, surgery, orthopedics, rehabilitation, hospice and home health. The 59-bed hospital also provides an emergency department, an intensive care unit and a medical surgical unit. Mcleod health clarendon since 1951, mcleod health clarendon (formerly known as clarendon health system), continues to be clarendon county's choice for health and wellness needs. Our highly-skilled physicians and medical staff provide a wide range of medical services designed to meet the unique health care needs of our patients. Services include an emergency department, intensive care unit, labor and delivery, medical surgical unit, surgery, infusion, sleep lab, radiology, laboratory, wound care and a swing bed unit. Cardiac, speech, physical and occupational rehabilitation services are located in our mcleod health and fitness center clarendon. Cardiology, general surgery, orthopedics and urology specialty services are also available. Our continuum of care for patients outside the hospital setting is provided by our home health, hospice, nurse-family partnership, sports medicine and occupational health teams. Investments in state-of-the-art technology to improve patient care have included mri, 3d mammography, 4d ultrasounds, ct scans, and nuclear/vascular studies. The mcleod healthcare network is an accountable care organization and clinically integrated network comprised of mcleod employed providers as well as independent community doctors and other health care providers who voluntarily work as one to give coordinated high-quality care to the medicare patients they serve. Coordinated care helps ensure that patients, especially the chronically ill, get the right care at the right time, with the goal of avoiding unnecessary duplication of services and preventing medical errors. Mcleod onsite health professionals work closely with employer partners to improve the overall health and well-being of their members through onsite clinics, near site clinics, or health and wellness events. The team works in collaboration with employer partners to implement a comprehensive program that complements the goals of their partners and facilitates the development of strong patient relationships. Mcleod occupational health services works with area businesses and industries to ensure injured employees can remain at work and safely perform productive jobs. The mcleod team of professionals works as partners to design a comprehensive occupational health program that addresses the specific needs of an employer. In 2017, the health system began offering mcleod telehealth, a service that enables patients to connect through live video with a doctor anytime from anywhere in the carolinas using a computer, smart phone or tablet. This service enables patients to directly communicate with doctors online, making health care access faster, easier, and more affordable. Patients can access a board-certified physician for minor illnesses or recurring conditions like cough, cold, ear infections, bronchitis, rashes, or the flu. Doctors are available 24 hours a day, seven days a week and no appointment is necessary. Sign-up is free at mcleodtelehealth.org. A free mobile app is also available for download. In august of 2019, mcleod health announced a partnership with florence 1 schools and the king's academy (tka) to offer the school-based telehealth program. The hospital system recently expanded the program to florence county school district two hannah-pamplico elementary/middle school and hannah-pamplico high school. Sbtp offers an optio”
“Contractual & outside services: program service expenses 0. Management and general expenses 21,507,698. Fundraising expenses 0. Total expenses 21,507,698. Consulting & management: program service expenses 0. Management and general expenses 7,673,839. Fundraising expenses 0. Total expenses 7,673,839. Maintenance contracts: program service expenses 0. Management and general expenses 3,959,158. Fundraising expenses 0. Total expenses 3,959,158. Outside collection services: program service expenses 0. Management and general expenses 1,562,261. Fundraising expenses 0. Total expenses 1,562,261. Employee health subsidy: program service expenses 0. Management and general expenses 250,138. Fundraising expenses 0. Total expenses 250,138. Repairs & maintenance: program service expenses 0. Management and general expenses 656,503. Fundraising expenses 0. Total expenses 656,503. Software, hardware & maintenance agreements: program service expenses 0. Management and general expenses 310,452. Fundraising expenses 0. Total expenses 310,452. Special events expense: program service expenses 0. Management and general expenses 77,513. Fundraising expenses 0. Total expenses 77,513. Contract labor: program service expenses 1,106,904. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,106,904. Medical: program service expenses 433,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 433,854. Mpa support: program service expenses 3,712,411. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,712,411.”
“Mcleod health is responsible for employee benefits and payroll taxes for the mcleod health system.”
“Subsidiary income 1,129,798.”
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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| IRS990/Desc | 0 | MCLEOD HEALTH WAS FORMED TO BE A SUPPORTING ORGANIZATION TO MCLEOD REGIONAL MEDICAL CENTER OF THE PEE DEE, INC. IT ALSO SUPPORTS OTHER ENTITIES IN THE SYSTEM SUCH AS MCLEOD MEDICAL CENTER - DILLON, MCLEOD LORIS SEACOAST HOSPITAL, MCLEOD HEALTH CHERAW, MCLEOD HEALTH CLARENDON, AND MCLEOD PHYSICIAN ASSOCIATES II. ON A DAILY BASIS, MCLEOD HEALTH COORDINATES THE DELIVERY OF QUALITY ACUTE CARE SERVICES TO THE RESIDENTS OF THE EASTERN REGION OF SOUTH CAROLINA AND THE EXTREME SOUTHEASTERN REGION OF NORTH CAROLINA. SEE ALSO THE COMMUNITY BENEFIT REPORT FOR MCLEOD HEALTH ON SCHEDULE O. |
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| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 23 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 340817246 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 19 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 116 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 25374868 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 25374868 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 6367492 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 6367492 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 16920 |
| IRS990/InterestGrp/TotalAmt | 0 | 16920 |
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