Mcleod Regional Medical Center Of The Pee Dee Inc
- Assets
- $2.1b
- Revenue
- $796.6m
- Investments
- $1.1b
- Employees
- 5,340
- Location
- Florence, SC
- Founding
- 05/1975
- Data as of
- 09/2020
- EIN
- 57-0370242
Organization Overview
Mcleod Regional Medical Center Of The Pee Dee Inc is located in Florence, SC. The organization was established in 1975. 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 09/2021, Mcleod Regional Medical Center Of The Pee Dee Inc employed 5,340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleod Regional Medical Center Of The Pee Dee Inc 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 09/2020, Mcleod Regional Medical Center Of The Pee Dee Inc generated $796.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $713.9m during the year ending 09/2020. While expenses have increased by 3.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE COMMUNITY BENEFIT REPORT ON SCHEDULE H.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajesh Bajaj MD Staff Physician | 39 | $770,689 | |
Jeremy C Robertson MD Vice President Medical Services/cmo | OfficerTrustee | 40 | $619,773 |
James C H Smith MD Staff Physician | 39 | $616,155 | |
Marwan K Elya MD Staff Physician | 40 | $597,133 | |
Erik Dehlinger MD Staff Physician | 40 | $574,268 | |
Donny Huynh MD Staff Physician | 40 | $547,390 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Healthcare Staffing Svcs | 9/29/21 | $9,817,709 |
Balfour Beatty Construction Llc Construction Svcs | 9/29/21 | $32,717,266 |
Weatherby Healthcare Dba Weatherby Locum Healthcare Staffing Svcs | 9/29/21 | $3,383,881 |
Laboratory Corporation Of America Holdin Lab Svs | 9/29/21 | $2,422,655 |
Pediatrix Medical Group Medical Svcs | 9/29/21 | $2,223,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,981,141 |
| Investment income | $11,231,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,685,860 |
| Net Gain/Loss on Asset Sales | $5,954,834 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $796,571,278 |
| Statement of Expenses | |
|---|---|
| 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. | $1,173,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,956,269 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,771,973 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $681,295 |
| Fees for services: Accounting | $47,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,913,529 |
| Advertising and promotion | $1,215,403 |
| Office expenses | $172,934,022 |
| Information technology | $1,585,445 |
| Royalties | $0 |
| Occupancy | $8,870,773 |
| Travel | $598,914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271,068 |
| Interest | $8,520,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,010,316 |
| Insurance | $4,310,578 |
| All other expenses | $0 |
| Total functional expenses | $713,865,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,918,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,248,903 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,869,584 |
| Prepaid expenses and deferred charges | $7,179,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,068,440,143 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,104,658 |
| Total assets | $2,090,467,381 |
| Accounts payable and accrued expenses | $109,174,387 |
| Grants payable | $0 |
| Deferred revenue | $6,154,314 |
| Tax-exempt bond liabilities | $282,489,787 |
| 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 | $105,455,494 |
| Total liabilities | $503,273,982 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,587,193,399 |
Grants Awarded
Over the last fiscal year, Mcleod Regional Medical Center Of The Pee Dee Inc has awarded $150,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, SC PURPOSE: NURSING PROGRAM | $75,000 |
Columbia, SC PURPOSE: NURSING PROGRAM | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mcleod Regional Medical Center Of The Pee Dee Inc has recieved totaling $652,174.
| Awarding Organization | Amount |
|---|---|
Childrens Trust Fund Of South Carolina Columbia, SC PURPOSE: MATERNAL, INFANT, EARLY CHILDHOOD HOME VISITING | $567,620 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $58,627 |
Pee Dee Street Rodders Inc Effingham, SC PURPOSE: CHILDREN'S HEALTH | $25,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $623 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Mcleod Regional Medical Center Of The Pee Dee Inc Florence, SC | $2,090,467,381 | $796,571,278 |
St Francis Hospital Inc Greenville, SC | $778,217,234 | $752,202,599 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
Anmed Health Anderson, SC | $1,245,907,620 | $728,404,682 |
Gaston Memorial Hospital Inc Gastonia, NC | $627,844,903 | $665,062,443 |
University Health Services Inc Augusta, GA | $1,020,272,774 | $598,292,806 |
Piedmont Athens Regional Medical Center Inc Athens, GA | $481,881,509 | $586,558,385 |
Fayette Community Hospital Inc Fayetteville, GA | $249,474,622 | $553,195,629 |
Piedmont Henry Hospital Inc Stockbridge, GA | $235,296,408 | $486,794,588 |