MCLEOD LORIS SEACOAST HOSPITAL

EIN: 453576100 501(c)(3) Health Care

FLORENCE, SC

Total Revenue
$422,940,487
Total Expenses
$361,647,748
Total Assets
$425,916,470
Net Assets
$319,516,734
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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
2011
Legal Domicile
SC
Principal Officer
DONNA ISGETT
Phone
8437772256
Tax Period
2023-10-01 to 2024-09-30

MCLEOD LORIS SEACOAST HOSPITAL, founded in 2011, is a major nonprofit in the Health Care sector that reported $422.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $361.6M left a modest 14% surplus.

Mission

ACUTE CARE HOSPITAL

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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 $488,332
Program Service Revenue $421,668,756
Investment Income $16,699
Other Revenue $766,700
TOTAL REVENUE $422,940,487

Expense Breakdown

Grants Paid $75,000
Salaries & Benefits $126,741,708
Fundraising Expenses $0
Program Expenses $340,244,559
Other Expenses $234,831,040
TOTAL EXPENSES $361,647,748

Year-over-Year Comparison

2023 2022 Change
Revenue $422,940,487 $353,234,732 +0.2%
Expenses $361,647,748 $311,033,210 +0.2%
Net Income $61,292,739 $42,201,522 +0.5%
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
15
Independent Members
9
Employees
1836
Volunteers
251

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
8
$5,990,975
Total Directors
16
$4,503,249
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
MONICA VEHIGE CEO - MCLEOD SEACOAST HOSPITAL 40.00
Officer Director
$458,914 $84,450 $543,364
SCOTT MONTGOMERY CEO - MCLEOD LORIS HOSPITAL 40.00
Officer Director
$432,961 $76,794 $509,755
KEVIN DINEEN MD TRUSTEE/CHIEF OF STAFF/MD REL CO 1.00
Director
$0 $7,017 $405,443
RAYMOND HOLT MD TRUSTEE/MD REL CO 1.00
Director
$0 $31,362 $331,386
DAVID S BJERKEN MD TRUSTEE SECRETARY/MD REL CO-PART YR 1.00
Officer Director
$0 $18,948 $678,052
AMIT PANDE MD TRUSTEE/STAFF MD-RELATED ORG 1.00
Director
$0 $46,742 $992,116
BRIAN WALKER TRUSTEE CHAIRMAN 1.00
Officer Director
$0 $0 $0
BEREND VAN DER MEER TRUSTEE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIM CARR MD TRUSTEE 1.00
Director
$0 $0 $0
SANDY DAVIS TRUSTEE 1.00
Director
$0 $0 $0
LINDA PICKENS TRUSTEE 1.00
Director
$0 $0 $0
KELLY WILSON TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER WILBANKS PHD TRUSTEE 1.00
Director
$0 $0 $0
JIM SMITH TRUSTEE 1.00
Director
$0 $0 $0
RENEE HEMBREE TRUSTEE 1.00
Director
$0 $0 $0
DONNA C ISGETT CORPORATE PRESIDENT/CEO 1.00
Officer
$0 $224,924 $2,236,018
MATTHEW JOHNSON MD CORPORATE COO 1.00
Officer
$0 $99,955 $980,653
CHUE XIONG MD STAFF PHYSICIAN 40.00
Highest
$416,140 $15,996 $432,136
LEONARD SCHWARTZ MD STAFF PHYSICIAN 40.00
Highest
$436,609 $19,620 $456,229
JOSEPH R SZULEWSKI MD STAFF PHYSICIAN 40.00
Highest
$453,699 $35,858 $489,557
ROBERT HUNTER MD STAFF PHYSICIAN 40.00
Highest
$442,401 $30,557 $472,958
MATTHEW KELLNER MD STAFF PHYSICIAN 40.00
Highest
$440,416 $28,283 $468,699
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 $422,940,487 $361,647,748 $425,916,470 $61,292,739
2023 $353,234,732 $311,033,210 $357,147,888 $42,201,522
2022 $310,864,290 $275,834,882 $306,473,798 $35,029,408
2021 $256,161,538 $216,849,209 $286,762,564 $39,312,329
2020 $184,268,216 $166,911,378 $264,848,628 $17,356,838
2019 $162,583,914 $145,641,449 $209,862,281 $16,942,465
2018 $127,624,229 $130,311,116 $202,691,861 $-2,686,887
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