Mcleod Loris Seacoast Hospital
- Assets
- $286.8m
- Revenue
- $256.2m
- Investments
- $0.0
- Employees
- 1,469
- Location
- Florence, SC
- Founding
- 08/2013
- Data as of
- 09/2021
- EIN
- 45-3576100
Organization Overview
Mcleod Loris Seacoast Hospital is located in Florence, SC. The organization was established in 2013. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Mcleod Loris Seacoast Hospital employed 1,469 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleod Loris Seacoast Hospital 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 09/2021, Mcleod Loris Seacoast Hospital generated $256.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $216.8m during the year ending 09/2021. While expenses have increased by 10.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCLEOD LORIS SEACOAST HOSPITAL IS A 168-BED COMMUNITY HOSPITAL SYSTEM LOCATED IN LORIS AND LITTLE RIVER, SOUTH CAROLINA. MCLEOD LORIS SEACOAST HOSPITAL OPERATES AS PART OF THE OVERALL MCLEOD HEALTH SYSTEM. SEE ALSO THE COMMUNITY BENEFIT REPORT FOR MCLEOD HEALTH AT SCHEDULE H.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Po MD Staff Physician | 40 | $556,838 | |
Edward Botse-Baidoo MD Chief Of Staff | Trustee | 40 | $515,272 |
Joseph R Szulewski MD Staff Physician | 40 | $452,698 | |
Chue Xiong MD Staff Physician | 40 | $408,962 | |
Kyaw Hein MD Staff Physician | 40 | $388,110 | |
Mohamed Bassiouny MD Staff Physician | 40 | $384,931 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Design Strategies Llc Construction Svcs | 9/29/21 | $2,568,104 |
Balfour Beatty Construction Llc Construction Svcs | 9/29/21 | $3,799,328 |
Paragon Contracting Services Llc Dba Tea Healthcare Staffing Svcs | 9/29/21 | $2,015,516 |
Qualivis Llc Healthcare Staffing Svcs | 9/29/21 | $1,949,076 |
Laboratory Corporation Of America Holdin Lab Services | 9/29/21 | $1,553,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $284,620 |
| Government grants | $6,744,092 |
| 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 | $7,028,712 |
| Total Program Service Revenue | $245,007,860 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,486 |
| Net Gain/Loss on Asset Sales | $400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,161,538 |
| 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. | $1,410,550 |
| Compensation of current officers, directors, key employees. | $61,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,509,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,259,475 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $135,784 |
| 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 | $34,460,948 |
| Advertising and promotion | $376,710 |
| Office expenses | $48,186,225 |
| Information technology | $85,769 |
| Royalties | $0 |
| Occupancy | $2,812,758 |
| Travel | $32,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,510 |
| Interest | $2,810,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,788,940 |
| Insurance | $847,754 |
| All other expenses | $0 |
| Total functional expenses | $216,849,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $941,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,286,017 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,450,338 |
| Prepaid expenses and deferred charges | $1,320,012 |
| Net Land, buildings, and equipment | $181,929,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,834,703 |
| Total assets | $286,762,564 |
| Accounts payable and accrued expenses | $7,033,533 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $67,426,270 |
| 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 | $31,309,696 |
| Total liabilities | $105,769,499 |
| Net assets without donor restrictions | $180,993,065 |
| 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 | $286,762,564 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mcleod Loris Seacoast Hospital has recieved totaling $291,458.
| Awarding Organization | Amount |
|---|---|
Mcleod Medical Center Foundation Florence, SC PURPOSE: HEALTH SERVICES | $284,620 |
South Carolina Hospital Association Columbia, SC PURPOSE: US HHS ASPR GRANT FOR COVID-19 RESPONSE | $6,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina Health Greenville, NC | $372,124,980 | $578,861,650 |
Tanner Medical Center Inc Carrollton, GA | $1,025,880,697 | $412,043,057 |
Tanner Medical Center Carrollton, GA | $469,761,069 | $338,508,721 |
Houston Hospitals Inc Warner Robins, GA | $374,033,073 | $309,918,266 |
Mcleod Loris Seacoast Hospital Florence, SC | $286,762,564 | $256,161,538 |
West Georgia Medical Center Inc Marietta, GA | $243,101,632 | $237,917,313 |
Waccamaw Community Hospital Georgetown, SC | $320,687,965 | $208,425,565 |
Piedmont Mountainside Hospital Inc Jasper, GA | $64,178,508 | $116,427,064 |
Halifax Regional Medical Center Inc Roanoke Rapids, NC | $82,510,666 | $101,675,102 |
The Outer Bank Hospital Inc Greenville, NC | $114,163,426 | $117,236,071 |
Phoebe Sumter Medical Center Inc Americus, GA | $158,309,975 | $104,741,740 |
Hughston Hospital Inc Columbus, GA | $85,972,460 | $96,015,417 |