Mcleod Health Cheraw
- Assets
- $27.3m
- Revenue
- $69.6m
- Investments
- $0.0
- Employees
- 495
- Location
- Florence, SC
- Founding
- 09/2015
- Data as of
- 09/2023
- EIN
- 47-3712858
Organization Overview
Mcleod Health Cheraw is located in Florence, SC. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Mcleod Health Cheraw employed 495 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleod Health Cheraw 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 09/2023, Mcleod Health Cheraw generated $69.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $67.9m during the year ending 09/2023. While expenses have increased by 8.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCLEOD HEALTH CHERAW IS A 59 BED COMMUNITY HOSPITAL LOCATED IN CHERAW, SOUTH CAROLINA. MCLEOD HEALTH CHERAW OPERATES AS PART OF THE OVERALL MCLEOD HEALTH SYSTEM. SEE ALSO THE COMMUNITY BENEFIT REPORT ON SCHEDULE H.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bren T Lowe Ceo-Mcleod Cheraw Hospital | OfficerTrustee | 40 | $215,648 |
Travis Novinger MD Chief Of Staff | OfficerTrustee | 1 | $0 |
Daniel G Simpson MD Trustee | Trustee | 40 | $380,802 |
Matthew Johnson MD Corporate COO | OfficerTrustee | 1 | $0 |
Michael Harless MD Trustee | Trustee | 1 | $181,487 |
Robert Schultz Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lifepoint Rehabilitation Medical Services | 9/29/23 | $729,431 |
Mplt Healthcare Llc Medical Services | 9/29/23 | $414,118 |
Qualivis Llc Contract Labor | 9/29/23 | $2,436,625 |
Virtual Neurology Llc Medical Services | 9/29/23 | $400,360 |
Carolina Anesthesia & Pain Medical Services | 9/29/23 | $289,845 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $120,594 |
| Government grants | $723,850 |
| 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 | $844,444 |
| Total Program Service Revenue | $68,547,872 |
| Investment income | $504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,030 |
| 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 | $69,577,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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. | $898,001 |
| Compensation of current officers, directors, key employees. | $45,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,188,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,857,085 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,739,808 |
| Fees for services: Legal | $30,758 |
| Fees for services: Accounting | $36,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,885,431 |
| Advertising and promotion | $93,612 |
| Office expenses | $6,392,341 |
| Information technology | $15,523 |
| Royalties | $0 |
| Occupancy | $1,882,335 |
| Travel | $6,129 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,324 |
| Interest | $12,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,750,049 |
| Insurance | $358,897 |
| All other expenses | $1,479,359 |
| Total functional expenses | $67,924,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,296 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,012,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $610,103 |
| Prepaid expenses and deferred charges | $215,047 |
| Net Land, buildings, and equipment | $19,285,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,678,706 |
| Total assets | $27,331,304 |
| Accounts payable and accrued expenses | $3,489,726 |
| 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 | $21,744,871 |
| Total liabilities | $25,234,597 |
| Net assets without donor restrictions | $2,096,707 |
| 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 | $27,331,304 |