Southeastern Regional Medical Center
- Assets
- $336.0m
- Revenue
- $304.1m
- Investments
- $0.0
- Employees
- 2,171
- Location
- Lumberton, NC
- Founding
- 02/2011
- Data as of
- 06/2023
- EIN
- 56-0530233
Organization Overview
Southeastern Regional Medical Center is located in Lumberton, NC. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2023, Southeastern Regional Medical Center employed 2,171 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Southeastern Regional Medical Center 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 06/2023, Southeastern Regional Medical Center generated $304.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $336.5m during the year ending 06/2023. While expenses have increased by 2.5% 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
SOUTHEASTERN REGIONAL MEDICAL CENTER EXISTS TO PROVIDE QUALITY REGIONAL HEALTH CARE IN A SAFE, COMPASSIONATE, AND EFFICIENT ENVIRONMENT
Describe the Organization's Program Activity:
SERVICES PROVIDED FOR 10,675 ACUTE CARE INPATIENTS AND 81 LONG-TERM CARE INPATIENTS. WE ALSO PROVDED SERVICES TO 56,724 EMERGENCY ROOM PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Roberts Vp-Chief Med | Officer | 40 | $509,677 |
Lori Dove Vp-Coo | Officer | 40 | $398,342 |
Patrick Ebri Vp-Chief Eng | Officer | 40 | $325,096 |
Appala Peela Physician | 40 | $377,712 | |
John Atkins III Physician | 40 | $330,516 | |
Poornima Vinod Physician | 40 | $275,624 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplifi Managedtrinity Healthcare Staffing Agency | 6/29/23 | $19,940,045 |
Medstream Anesthesia Pllc Anesthesia Serv | 6/29/23 | $5,169,113 |
Private Diagnostic Clinic Cardiology | 6/29/23 | $4,789,795 |
Robeson Hospitalist Group Pllc Staffing Agency | 6/29/23 | $4,272,670 |
Aramark Services Inc Facility Servic | 6/29/23 | $4,125,049 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $266,975,933 |
| Investment income | $1,854,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $304,059,746 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,808,625 |
| Pension plan accruals and contributions | $1,848,099 |
| Other employee benefits | $16,946,407 |
| Payroll taxes | $9,240,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,434 |
| Fees for services: Accounting | $111,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,419 |
| Fees for services: Other | $54,937,715 |
| Advertising and promotion | $593,131 |
| Office expenses | $2,676,882 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,295,385 |
| Travel | $111,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $4,650,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,922,872 |
| Insurance | $1,955,385 |
| All other expenses | $0 |
| Total functional expenses | $336,545,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,021,659 |
| Savings and temporary cash investments | $2,710,055 |
| Pledges and grants receivable | $26,150,379 |
| Accounts receivable, net | $39,270,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,863,686 |
| Prepaid expenses and deferred charges | $16,483,305 |
| Net Land, buildings, and equipment | $177,868,325 |
| Investments—publicly traded securities | $8,269,860 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,410,355 |
| Total assets | $336,048,083 |
| Accounts payable and accrued expenses | $64,953,640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $148,257,816 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,512,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $215,723,666 |
| Net assets without donor restrictions | $120,324,417 |
| 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 | $336,048,083 |