Southeastern Regional Medical Center
- Assets
- $385.5m
- Revenue
- $242.6m
- Investments
- $0.0
- Employees
- 2,322
- Location
- Lumberton, NC
- Founding
- 02/2011
- Data as of
- 06/2021
- 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 06/2021, Southeastern Regional Medical Center employed 2,322 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 06/2021, Southeastern Regional Medical Center generated $242.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $224.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2021
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 9,202 ACUTE CARE INPATIENTS AND 83 LONG-TERM CARE INPATIENTS. WE ALSO PROVDED SERVICES TO 42,205 EMERGENCY ROOM PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Anderson Former Pres, | 40 | $1,091,997 | |
Joseph Roberts Vp-Chief Med | Officer | 40 | $558,622 |
Justin Bynum Former Vp-Fi | 40 | $403,676 | |
Appala Peela Physician | 40 | $397,898 | |
David Chandran Physician | 40 | $374,960 | |
William Cox Physician | 40 | $363,433 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simplifi Managedtrinity Healthcare Staffing Agency | 6/29/21 | $4,787,122 |
Robeson Hospitalist Group Pllc Staffing Agency | 6/29/21 | $2,831,120 |
Private Diagnostic Clinic Cardiology | 6/29/21 | $3,391,368 |
Medstream Anesthesia Pllc Anesthesia Serv | 6/29/21 | $1,007,013 |
Medtronic Usa Inc Medical Supplie | 6/29/21 | $887,705 |
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 | $198,914,040 |
| Investment income | $2,264,651 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $338,801 |
| Net Gain/Loss on Asset Sales | $5,060,285 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,647,882 |
| 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 | $84,374,227 |
| Pension plan accruals and contributions | $3,646,093 |
| Other employee benefits | $15,100,808 |
| Payroll taxes | $7,455,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $68,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $264,895 |
| Fees for services: Other | $16,928,292 |
| Advertising and promotion | $49,314 |
| Office expenses | $761,706 |
| Information technology | $5,637,954 |
| Royalties | $0 |
| Occupancy | $2,939,357 |
| Travel | $27,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,982 |
| Interest | $2,000,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,847,037 |
| Insurance | $703,349 |
| All other expenses | $5,245,811 |
| Total functional expenses | $224,759,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,095,323 |
| Savings and temporary cash investments | $4,932,430 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,204,667 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,530,079 |
| Prepaid expenses and deferred charges | $2,725,214 |
| Net Land, buildings, and equipment | $198,346,466 |
| Investments—publicly traded securities | $89,698,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $385,532,976 |
| Accounts payable and accrued expenses | $73,074,866 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $80,683,060 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,845,349 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,145,240 |
| Total liabilities | $172,748,515 |
| Net assets without donor restrictions | $212,784,461 |
| 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 | $385,532,976 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Southeastern Regional Medical Center has recieved totaling $104,578.
| Awarding Organization | Amount |
|---|---|
Nc Counts Coalition Raleigh, NC PURPOSE: Healthier Together program | $39,578 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HEALTH | $25,000 |
Lumber River United Way Lumberton, NC | | $25,000 |
The Conservation Fund A Nonprofit Corporation Arlington, VA PURPOSE: CONSERVATION OF NATURAL RESOURCES;SUSTAINABLE ECONOMIC & COMMUNITY DEVELOPMENT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memorial Health Care System Inc Chattanooga, TN | $833,500,042 | $655,181,018 |
Wellmont Health System Johnson City, TN | $425,394,041 | $662,198,822 |
Virginia Hospital Center Arlington Health System Arlington, VA | $1,877,524,577 | $673,514,509 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Carilion Services Inc Roanoke, VA | $938,637,589 | $302,052,496 |
Baptist Patient Safety System Inc Memphis, TN | $1,693,307,701 | $249,640,612 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Mcleod Health Florence, SC | $136,994,943 | $254,765,554 |
Southeastern Regional Medical Center Lumberton, NC | $385,532,976 | $242,647,882 |
Sentara Healthcare Norfolk, VA | $7,353,677,948 | $1,030,614,538 |
Methodist Lebonheur Healthcare Memphis, TN | $1,862,271,903 | $201,602,096 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |