Civic Intelligence

Southeastern Regional Medical

EIN 56-0530233 • 501(c)3 • Lumberton, NC

Profile

Southeastern regional medical center exists to provide quality regional health care in a safe, compassionate, and efficient environment

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

www.unchealthsoutheastern.org

Siviq Scores

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

Liabilities / Assets

77th percentile

0.67x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

63rd percentile

0.67x

Higher debt load relative to revenue than 63% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

57th percentile

5.9%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

29th percentile

$467,632

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

23rd percentile

-0.6%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

10.0%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$333,941,660

Down $2,106,423 (-0.6%) from 2023

Liabilities

Up

$225,350,820

Up $9,627,154 (+4.5%) from 2023

Net Assets

Down

$108,590,840

Down $11,733,577 (-9.8%) from 2023

Revenue

Up

$334,313,851

Up $30,254,105 (+10.0%) from 2023

Expenses

Down

$314,706,641

Down $21,838,961 (-6.5%) from 2023

Net Income

Up

$19,607,210

Up $52,093,066 (+160%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $306,276,302Liabilities 2010: $139,863,921Net Assets 2010: $166,412,3812010Assets 2011: $306,796,490Liabilities 2011: $139,969,815Net Assets 2011: $166,826,6752011Assets 2012: $349,178,356Liabilities 2012: $151,534,668Net Assets 2012: $197,643,6882012Assets 2013: $353,283,713Liabilities 2013: $124,290,930Net Assets 2013: $228,992,7832013Assets 2014: $365,753,150Liabilities 2014: $121,398,044Net Assets 2014: $244,355,1062014Assets 2015: $365,151,555Liabilities 2015: $126,169,812Net Assets 2015: $238,981,7432015Assets 2016: $365,934,389Liabilities 2016: $116,222,436Net Assets 2016: $249,711,9532016Assets 2017: $391,108,590Liabilities 2017: $134,527,835Net Assets 2017: $256,580,7552017Assets 2018: $369,920,634Liabilities 2018: $138,880,067Net Assets 2018: $231,040,5672018Assets 2019: $356,266,584Liabilities 2019: $151,152,155Net Assets 2019: $205,114,4292019Assets 2020: $405,561,280Liabilities 2020: $198,790,196Net Assets 2020: $206,771,0842020Assets 2021: $385,532,976Liabilities 2021: $172,748,515Net Assets 2021: $212,784,4612021Assets 2022: $385,486,046Liabilities 2022: $225,584,684Net Assets 2022: $159,901,3622022Assets 2023: $336,048,083Liabilities 2023: $215,723,666Net Assets 2023: $120,324,4172023Assets 2024: $333,941,660Liabilities 2024: $225,350,820Net Assets 2024: $108,590,8402024

Highlighted filing

2024

Assets$333,941,660
Liabilities$225,350,820
Net Assets$108,590,840

Operations Trend

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

$400M$200M$0-$200MExpenses 2010: $256,744,4532010Expenses 2011: $264,643,7982011Expenses 2012: $239,575,1862012Expenses 2013: $250,975,5432013Revenue 2014: $278,041,794Expenses 2014: $253,259,383Net Income 2014: $24,782,4112014Revenue 2015: $284,934,392Expenses 2015: $266,576,993Net Income 2015: $18,357,3992015Revenue 2016: $294,847,001Expenses 2016: $275,262,652Net Income 2016: $19,584,3492016Revenue 2017: $274,739,214Expenses 2017: $267,335,646Net Income 2017: $7,403,5682017Revenue 2018: $283,606,600Expenses 2018: $289,290,231Net Income 2018: -$5,683,6312018Revenue 2019: $285,755,027Expenses 2019: $287,481,138Net Income 2019: -$1,726,1112019Revenue 2020: $307,102,224Expenses 2020: $279,177,512Net Income 2020: $27,924,7122020Revenue 2021: $242,647,882Expenses 2021: $224,759,413Net Income 2021: $17,888,4692021Revenue 2022: $303,335,917Expenses 2022: $355,620,245Net Income 2022: -$52,284,3282022Revenue 2023: $304,059,746Expenses 2023: $336,545,602Net Income 2023: -$32,485,8562023Revenue 2024: $334,313,851Expenses 2024: $314,706,641Net Income 2024: $19,607,2102024

Highlighted filing

2024

Revenue$334,313,851
Expenses$314,706,641
Net Income$19,607,210

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$334$225$109$334$315$19.6
2023Detailed filing. Detailed filing data is available for this year.$336$216$120$304$337$32.5
2022Detailed filing. Detailed filing data is available for this year.$385$226$160$303$356$52.3
2021Detailed filing. Detailed filing data is available for this year.$386$173$213$243$225$17.9
2020Detailed filing. Detailed filing data is available for this year.$406$199$207$307$279$27.9
2019Detailed filing. Detailed filing data is available for this year.$356$151$205$286$287$1.73
2018Detailed filing. Detailed filing data is available for this year.$370$139$231$284$289$5.68
2017Detailed filing. Detailed filing data is available for this year.$391$135$257$275$267$7.40
2016Detailed filing. Detailed filing data is available for this year.$366$116$250$295$275$19.6
2015Detailed filing. Detailed filing data is available for this year.$365$126$239$285$267$18.4
2014Detailed filing. Detailed filing data is available for this year.$366$121$244$278$253$24.8
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$353$124$229$251
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$349$152$198$240
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$307$140$167$265
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$306$140$166$257
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
$334,313,851
Mission and Program Overview

Mission

Southeastern regional medical center exists to provide quality regional health care in a safe, compassionate, and efficient environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$177,868,325$173,986,611▼ $3,881,714
Cash and Non-Interest-Bearing Accounts$57,021,659$50,326,086▼ $6,695,573
Accounts Receivable$39,270,459$36,546,951▼ $2,723,508
Pledges and Grants Receivable$26,150,379$36,129,670▲ $9,979,291
Prepaid Expenses and Deferred Charges$16,483,305$19,476,504▲ $2,993,199
Investments in Publicly Traded Securities$8,269,860$7,378,186▼ $891,674
Inventories for Sale or Use$6,863,686$6,544,673▼ $319,013
Savings and Temporary Cash Investments$2,710,055$3,552,979▲ $842,924
Total Assets$336,048,083$333,941,660▼ $2,106,423
Other Assets Total$1,410,355--
Liabilities
Tax Exempt Bond Liabilities$148,257,816$144,709,123▼ $3,548,693
Accounts Payable and Accrued Expenses$64,953,640$47,008,441▼ $17,945,199
Mortgage Notes Payable Secured by Investment Property$2,512,210$33,633,256▲ $31,121,046
Total Liabilities$215,723,666$225,350,820▲ $9,627,154
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,324,417$108,590,840▼ $11,733,577
Total Net Assets Fund Balance$120,324,417$108,590,840▼ $11,733,577
Total Liabilities and Net Assets / Fund Balance$336,048,083$333,941,660▼ $2,106,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,356,986$231,782,021$313,139,007
Buildings$89,379,461$120,860,709$210,240,170
Land$3,250,164-$3,250,164
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph RobertsVP-chief MedFT$463,566$4,066$467,632
Joseph RobertsVP-chief Medical Off-$396,154$71,478$467,632
Poornima VinodPhysicianFT$341,744$28,100$369,844
Kodanda ValusaPhysicianFT$332,627$17,977$350,604
Lori DoveSenior VP-coFT$328,495$8,716$337,211
Lori DoveSenior VP-COO-$280,454$56,757$337,211
Appala PeelaPhysicianFT$277,594$15,650$293,244
Patrick EbriVP-chief EngFT$262,914$23,903$286,817
Patrick EbriVP-chief Engag Offic-$262,914$23,903$286,817
Renae TaylorVP-CNOFT$233,292$17,497$250,789
Karen RobinsonPhysicianFT$225,490-$225,490
Thersia KnapikPhysicianFT$208,125-$208,125

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Travel Nurse Across America LLCStaffing Agency5020 NORTHSHORE DR STE 2, Little Rock, AR 72118$8,103,534
Robeson Hospitalist Group PllcStaffing Agency300 W 27TH STREET, Lumberton, NC 28358$5,250,211
Medstream Anesthesia PllcAnesthesia Serv82 PATTON AVE STE 510, Asheville, NC 28801$4,497,633
Private Diagnostic ClinicCardiologyDUMC BOX 3070, Durham, NC 27710$3,908,499
Coastal Radiology AssociatesContract Radiol2330 UTAH AVE STE 200, El Segundo, CA 90245$1,459,161
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$299,754,455
Investment Income
$2,366,363
Other Revenue
$32,193,033
Change in Net Assets
$19,607,210

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,313,851
Total Revenue per Audited Statements
$334,313,851
Total Revenue per Form 990
$334,313,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,654,314
Salaries, Compensation, and Employee Benefits$137,052,327
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,649,001$28,158,308-$109,807,309
Fees for Services Other$35,748,466$8,412,624-$44,161,090
Depreciation Depletion$14,586,374$5,030,406-$19,616,780
Other Employee Benefits$14,157,101$4,882,362-$19,039,463
Other Expenses$6,947,961$2,515,910-$9,463,871
Payroll Taxes$6,101,373$2,104,182-$8,205,555
Interest-$5,933,025-$5,933,025
Occupancy$2,986,646$1,030,005-$4,016,651
Office Expenses$869,002$1,634,173-$2,503,175
Insurance$1,014,769--$1,014,769
Advertising-$554,642-$554,642
Fees for Services Accounting-$131,893-$131,893
Fees for Services Legal-$102,891-$102,891
Fees for Service Investment Mgmnt Fees-$61,174-$61,174
Travel$36,897$15,987-$52,884
Total Functional Expenses$222,390,261$92,316,380$0$314,706,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$314,706,641
Total Expenses per Audited Statements$314,706,641
Total Expenses per Form 990$314,706,641
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2021-09-29$93,045,000Proceeds were used to refund series 2017a and series 2017b bonds, fund the women's center capital po
BPublic Finance Authority2021-09-29$26,655,000Proceeds were used to provide funds for general corporate purposes, including, but not limited to, d
CPublic Finance Authority2022-03-03$21,070,000Proceeds were used to refund series 2012 bonds and pay certain expenses incurred in connection with

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----
C----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 to review completed form 990

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 is 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 A 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 Medical
EIN
56-0530233
Phone
9106715090
Address
PO BOX 1408 300 W 27TH ST, LUMBERTON, NC 28359-1408

Signing Officer

Name
Sara Bradley
Title
VP-finance, CFO
Phone
9106715000
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ellington
Formed
1960
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
15
Employees
2,171
Volunteers
35

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 IX, Line 11G

Contracted services 35,748,466 8,412,624 0

Form 990, Part XI, Line 9

Pension related changes 0 transfers to tax exempt related organizations 0 transfers to tax exempt related organizations -31,579,302 total -31,579,302

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Revenue of related organizatons reported 0 on separate 990's 0 pension related changes 0

Schedule D, Page 4, Part XII, Line 2D

Expenses of related organizations reported 0 on separate 990's 0

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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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