MCLEOD PHYSICIAN ASSOCIATES II

EIN: 202935692 501(c)(3) Health Care

FLORENCE, SC

Total Revenue
$257,952,247
Total Expenses
$351,704,549
Total Assets
$73,928,533
Net Assets
$-284,448,796
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
SC
Principal Officer
MATTHEW JOHNSON MD
Phone
8437772256
Tax Period
2023-10-01 to 2024-09-30

MCLEOD PHYSICIAN ASSOCIATES II, founded in 2005, is a major nonprofit in the Health Care sector that reported $258.0M in total revenue in fiscal year 2023. Expenses of $351.7M exceeded revenue, resulting in a 36% operating deficit.

Mission

MCLEOD PHYSICIAN ASSOCIATES II OPERATES AS A PART OF THE MCLEOD HEALTH SYSTEM. THE MISSION OF MCLEOD HEALTH IS TO IMPROVE THE OVERALL HEALTH AND WELL BEING OF PEOPLE LIVING WITHIN SOUTH CAROLINA AND EASTERN NORTH CAROLINA BY PROVIDING EXCELLENCE IN HEALTH CARE.

Program Service Accomplishments

Program 1
Expenses: $330,476,352 Revenue: $257,839,709

MCLEOD PHYSICIAN ASSOCIATES II'S PRIMARY GOAL IS TO PROVIDE PHYSICIAN SERVICES TO THE RESIDENTS OF THE EASTERN REGION OF SOUTH CAROLINA AND THE EXTREME SOUTHEASTERN REGION OF NORTH CAROLINA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,538
Program Service Revenue $257,839,709
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,952,247

Expense Breakdown

Grants Paid $0
Salaries & Benefits $276,924,533
Fundraising Expenses $0
Program Expenses $330,476,352
Other Expenses $74,780,016
TOTAL EXPENSES $351,704,549

Year-over-Year Comparison

2023 2022 Change
Revenue $257,952,247 $241,769,548 +0.1%
Expenses $351,704,549 $323,461,735 +0.1%
Net Income $-93,752,302 $-81,692,187 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
2342
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$3,274,592
Total Directors
4
$3,274,592
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
S FULTON ERVIN III CORPORATE SR. VP/CFO 1.00
Officer Director
$0 $129,833 $1,043,133
MATTHEW JOHNSON MD CORPORATE COO 1.00
Officer Director
$0 $99,955 $980,653
KENNETH D BEASLEY CEO MPA II/SR VICE PRESIDENT 40.00
Officer Director
$673,749 $93,052 $766,801
MICHAEL E PAYNE VICE PRESIDENT 39.00
Officer Director
$0 $46,505 $484,005
WILLIAM NASO MD STAFF PHYSICIAN 40.00
Highest
$1,263,440 $11,297 $1,274,737
PATRICK DENTON MD STAFF PHYSICIAN 39.00
Highest
$1,897,690 $48,690 $1,946,380
CHRISTOPHER P WALSH MD STAFF PHYSICIAN 40.00
Highest
$1,460,180 $30,865 $1,491,045
ANIL OM MD STAFF PHYSICIAN 40.00
Highest
$1,248,837 $34,312 $1,283,149
PRABAL GUHA MD STAFF PHYSICIAN 40.00
Highest
$1,252,463 $4,001 $1,256,464
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $257,952,247 $351,704,549 $73,928,533 $-93,752,302
2023 $241,769,548 $323,461,735 $78,735,758 $-81,692,187
2022 $234,225,920 $294,644,963 $57,330,426 $-60,419,043
2021 $170,435,778 $223,425,777 $45,574,121 $-52,989,999
2020 $135,907,322 $199,565,153 $45,047,111 $-63,657,831
2019 $131,693,465 $186,418,657 $45,674,637 $-54,725,192
2018 $133,884,810 $198,521,918 $44,713,165 $-64,637,108
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