MCLEOD HEALTH CHERAW (EIN 473712858) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

DONNA ISGETT

Phone

8437775304

Tax Period

2023-10-01 to 2024-09-30

MCLEOD HEALTH CHERAW, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $78.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $73.2M left a modest 7% 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,533

Program Service Revenue $78,639,537

Investment Income $-4,758

Other Revenue $124,625

TOTAL REVENUE $78,777,937

Expense Breakdown

Grants Paid $30,250

Salaries & Benefits $30,016,631

Fundraising Expenses $0

Program Expenses $68,269,723

Other Expenses $43,123,523

TOTAL EXPENSES $73,170,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,777,937	$69,577,464	+0.1%
Expenses	$73,170,404	$67,924,325	+0.1%
Net Income	$5,607,533	$1,653,139	+2.4%

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

496

Volunteers

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

$4,613,868

Total Directors

$2,068,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BREN T LOWE	CEO-MCLEOD CHERAW HOSPITAL	40.00	Officer Director	$285,262	$68,802	$354,064
TRAVIS NOVINGER MD	CHIEF OF STAFF	1.00	Officer Director	$0	$0	$0
DANIEL G SIMPSON MD	TRUSTEE	40.00	Director	$403,038	$44,527	$447,565
MATTHEW JOHNSON MD	CORPORATE COO	1.00	Officer Director	$0	$99,955	$980,653
MICHAEL HARLESS MD	TRUSTEE	40.00	Director	$259,354	$27,039	$286,393
ROBERT SCHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTY TRUESDALE	TRUSTEE	1.00	Director	$0	$0	$0
REV JOHNNIE MCLENDON	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
SAMUE RICHARDSON MD	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP CAULDER	TRUSTEE	1.00	Director	$0	$0	$0
MIA COLE MD	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
HAROLD WATSON	TRUSTEE	1.00	Director	$0	$0	$0
CORA H DAVID	TRUSTEE	1.00	Director	$0	$0	$0
MAJIK LOWERY	TRUSTEE	1.00	Director	$0	$0	$0
DAVIS YARBOROUGH	TRUSTEE	1.00	Director	$0	$0	$0
DONNA C ISGETT	CORPORATE PRES/CEO	1.00	Officer	$0	$224,924	$2,236,018
S FULTON ERVIN III	CORPORATE SR. VP/CFO	1.00	Officer	$0	$129,833	$1,043,133
DOUGLASS LILLY MD	STAFF PHYSICIAN	40.00	Highest	$374,487	$47,605	$422,092
VINAY JAGADEESHA MD	STAFF PHYSICIAN	40.00	Highest	$484,282	$28,972	$513,254
BENJAMIN WESTON MD	STAFF PHYSICIAN	40.00	Highest	$374,521	$31,552	$406,073
FOY CONNELL MD	STAFF PHYSICIAN	40.00	Highest	$508,490	$43,894	$552,384
JEFFREY SCHARSTEIN MD	STAFF PHYSICIAN	40.00	Highest	$450,664	$28,758	$479,422

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	$78,777,937	$73,170,404	$29,684,126	$5,607,533
2023	$69,577,464	$67,924,325	$27,331,304	$1,653,139
2022	$68,656,522	$64,984,192	$21,730,577	$3,672,330
2021	$61,438,962	$57,222,532	$22,315,957	$4,216,430
2020	$43,196,288	$45,515,793	$26,388,062	$-2,319,505
2019	$39,468,295	$40,165,350	$21,590,324	$-697,055
2018	$39,335,895	$38,972,273	$19,837,619	$363,622

MCLEOD HEALTH CHERAW