MCLEOD LORIS SEACOAST HOSPITAL

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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

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

ORGANIZATION IS PART OF MCLEOD HEALTH SYSTEM. THE MISSION OF MCLEODHEALTH IS TO IMPROVE THE OVERALL HEALTH AND WELL-BEING OF PEOPLELIVING WITHIN SOUTH CAROLINA AND EASTERN NORTH CAROLINA BY PROVIDINGEXCELLENCE IN HEALTHCARE.

Program Service Accomplishments

Program 1

Expenses: $340,244,559 Revenue: $421,668,756

MCLEOD LORIS SEACOAST HOSPITAL IS A 205-BED COMMUNITY HOSPITAL SYSTEM LOCATED IN LORIS AND LITTLE RIVER, SOUTH CAROLINA. MCLEOD LORIS SEACOAST HOSPITAL OPERATES AS PART OF THE OVERALL MCLEOD HEALTH...

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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%)

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

Governance

Voting Members

Independent Members

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

$5,990,975

Total Directors

$4,503,249

Key Employees

Highest Compensated

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