Mcleod Health Cheraw
- Assets
- $22.3m
- Revenue
- $61.4m
- Investments
- $0.0
- Employees
- 437
- Location
- Florence, SC
- Founding
- 09/2015
- Data as of
- 09/2021
- 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 09/2021, Mcleod Health Cheraw employed 437 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 09/2021, Mcleod Health Cheraw generated $61.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $57.2m during the year ending 09/2021. While expenses have increased by 8.9% 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 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 |
|---|---|---|---|
Foy Connell MD Staff Physician | 40 | $510,550 | |
Timothy Holdredge MD Staff Physician | 40 | $499,612 | |
Andre Dyer MD Staff Physician | 40 | $425,344 | |
Benjamin Weston MD Staff Physician | 40 | $402,258 | |
Benjamin Hinman MD Staff Physician | 40 | $378,947 | |
Daniel G Simpson MD Chief Of Staff/staff Physician | OfficerTrustee | 40 | $358,993 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Llc Contract Labor | 9/29/21 | $1,101,691 |
Medical Properties Trust Operation Partn Rent | 9/29/21 | $867,439 |
American Anesthesiology Of Sc Contract Labor | 9/29/21 | $451,844 |
Therex Llc Dba Kindred Hospital Rehabil Medical Services | 9/29/21 | $749,346 |
Weatherby Healthcare Medical Services | 9/29/21 | $409,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $98,418 |
| Government grants | $7,069,886 |
| 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 | $7,168,304 |
| Total Program Service Revenue | $54,059,553 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,192 |
| 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 | $61,438,962 |
| 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. | $613,059 |
| Compensation of current officers, directors, key employees. | $27,027 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,818,303 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,461,341 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $94,091 |
| 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 | $3,284,814 |
| Advertising and promotion | $50,042 |
| Office expenses | $7,116,033 |
| Information technology | $51,607 |
| Royalties | $0 |
| Occupancy | $1,723,333 |
| Travel | $17,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,156 |
| Interest | $8,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,784,363 |
| Insurance | $711,891 |
| All other expenses | $0 |
| Total functional expenses | $57,222,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,944,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $547,474 |
| Prepaid expenses and deferred charges | $612,048 |
| Net Land, buildings, and equipment | $18,086,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,051 |
| Total assets | $22,315,957 |
| Accounts payable and accrued expenses | $3,649,860 |
| 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 | $21,894,859 |
| Total liabilities | $25,544,719 |
| Net assets without donor restrictions | -$3,228,762 |
| 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 | $22,315,957 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcleod Health Cheraw has recieved totaling $21,871.
| Awarding Organization | Amount |
|---|---|
Mcleod Medical Center Foundation Florence, SC PURPOSE: HEALTH SERVICES | $21,871 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Roper St Francis Hospital-Berkeley Inc Ladson, SC | $140,288,245 | $111,471,895 |
Piedmont Walton Hospital Inc Monroe, GA | $55,011,766 | $113,861,474 |
Unc Rockingham Health Care Inc Eden, NC | $39,584,223 | $64,914,459 |
Navicent Health Baldwin Macon, GA | $43,642,825 | $64,021,397 |
Mcleod Health Cheraw Florence, SC | $22,315,957 | $61,438,962 |
Home & Community Services Inc Gray, GA | $20,053,363 | $49,149,203 |
St Marys Sacred Heart Hospital Inc Lavonia, GA | $24,588,274 | $42,261,595 |