Southeastern Regional Medical Center
- Assets
- $8.2m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 391
- Location
- Lumberton, NC
- Founding
- 02/2011
- Data as of
- 06/2023
- EIN
- 26-4762805
Organization Overview
Southeastern Regional Medical Center is located in Lumberton, NC. The organization was established in 2011. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Southeastern Regional Medical Center employed 391 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Southeastern Regional Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Southeastern Regional Medical Center generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $33.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHYSICIAN SERVICES OPERATES MORE THAN 5 PRIMARY CARE, SPECIALTY AND URGENT CARE CLINICS THROUGHOUT ROBESON, BLADEN, CUMBERLAND AND SCOTLAND COUNTIES, SPECIALIZING IN PROVIDING QUALITY FAMILY OR INTERNAL MEDICINE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHYSICIAN SERVICES HAD IN EXCESS OF 42,825 PATIENT VISITS DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiuxian Zhu Physician | $921,013 | ||
Sagir Ahmed Physician | $729,178 | ||
Hiten Patel Physician | $615,306 | ||
Eric Breitbart Physician | $577,423 | ||
Ifad Rahman Physician | $554,904 | ||
Sara Bradley Vp/treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,277,448 |
| Investment income | $3,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,281,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,220,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,452,466 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,897,475 |
| Advertising and promotion | $0 |
| Office expenses | $33,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257,937 |
| Travel | $1,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,069,042 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $33,063,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,215,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,437,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,193,476 |
| Accounts payable and accrued expenses | $16,276,327 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,276,327 |
| Net assets without donor restrictions | -$8,082,851 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,193,476 |