Scotland Memorial Hospital Incorporated
- Assets
- $323.1m
- Revenue
- $273.9m
- Investments
- $1.0m
- Employees
- 1,564
- Location
- Laurinburg, NC
- Founding
- 10/1947
- Data as of
- 09/2023
- EIN
- 56-0583151
Organization Overview
Scotland Memorial Hospital Incorporated is located in Laurinburg, NC. The organization was established in 1947. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Scotland Memorial Hospital Incorporated employed 1,564 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scotland Memorial Hospital Incorporated 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, Scotland Memorial Hospital Incorporated generated $273.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $244.7m during the year ending 09/2023. While expenses have increased by 6.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER A FULL RANGE OF ACUTE CARE AND INPATIENT SERVICES TO THE RESIDENTS OF SCOTLAND COUNTY, NORTH CAROLINA AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Isenhour MD Chief Of Staff | OfficerTrustee | 40 | $0 |
Ralph Carter MD Cqsc, Chair | Trustee | 40 | $0 |
Chip Shytle Past Chair Of Board | Trustee | 2 | $0 |
Glenn Harris MD Pnlc Chair | Trustee | 2 | $0 |
Sybil Bullard Board Chair | OfficerTrustee | 2 | $0 |
Scott Andrews Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Contract Labor | 9/29/23 | $17,328,870 |
Atrium (Carolina Healthcare System) Executive Management & Healthcare System | 9/29/23 | $9,658,540 |
Scope Anesthesia Of North Carolina Pllc Anesthesia Services | 9/29/23 | $3,068,097 |
Private Diagnostics Clinic Cancer Center Services | 9/29/23 | $2,525,518 |
Laboratory Corp Of America Labs | 9/29/23 | $1,111,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $920,857 |
| Government grants | $1,843,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,796,524 |
| Total Program Service Revenue | $264,059,654 |
| Investment income | $4,852,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,148,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,856,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,360 |
| Grants and other assistance to domestic individuals. | $3,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,317,191 |
| Compensation of current officers, directors, key employees. | $79,031 |
| Compensation to disqualified persons | $57,460 |
| Other salaries and wages | $73,945,164 |
| Pension plan accruals and contributions | $3,622,841 |
| Other employee benefits | $10,458,980 |
| Payroll taxes | $5,377,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,500 |
| Fees for services: Accounting | $180,188 |
| Fees for services: Lobbying | $12,609 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $170,169 |
| Fees for services: Other | $53,545,352 |
| Advertising and promotion | $726,256 |
| Office expenses | $1,978,241 |
| Information technology | $493,239 |
| Royalties | $0 |
| Occupancy | $1,300,932 |
| Travel | $829,066 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,166,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,985,242 |
| Insurance | $962,338 |
| All other expenses | $0 |
| Total functional expenses | $244,723,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,286 |
| Savings and temporary cash investments | $19,101,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,268,807 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,636,508 |
| Prepaid expenses and deferred charges | $1,284,230 |
| Net Land, buildings, and equipment | $73,161,886 |
| Investments—publicly traded securities | $155,322,091 |
| Investments—other securities | $1,028,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,651,234 |
| Total assets | $323,061,861 |
| Accounts payable and accrued expenses | $32,988,659 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $42,786,503 |
| 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 | $12,998,216 |
| Total liabilities | $88,773,378 |
| Net assets without donor restrictions | $232,483,736 |
| Net assets with donor restrictions | $1,804,747 |
| 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 | $323,061,861 |