MCLEOD HEALTH

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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

2003

Legal Domicile

Principal Officer

DONNA ISGETT

Phone

8437772256

Tax Period

2023-10-01 to 2024-09-30

MCLEOD HEALTH, founded in 2003, is a major nonprofit in the Health Care sector that reported $340.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO OPERATE A HEALTH CARE SYSTEM PROVIDING MEDICAL EXCELLENCE TO THE EASTERN REGION OF SOUTH CAROLINA AND THE EXTREME SOUTHEASTERN REGION OF NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $301,765,360 Revenue: $339,034,325

MCLEOD HEALTH WAS FORMED TO BE A SUPPORTING ORGANIZATION TO MCLEOD REGIONAL MEDICAL CENTER OF THE PEE DEE, INC. IT ALSO SUPPORTS OTHER ENTITIES IN THE SYSTEM SUCH AS MCLEOD MEDICAL CENTER - DILLON...

MCLEOD HEALTH WAS FORMED TO BE A SUPPORTING ORGANIZATION TO MCLEOD REGIONAL MEDICAL CENTER OF THE PEE DEE, INC. IT ALSO SUPPORTS OTHER ENTITIES IN THE SYSTEM SUCH AS MCLEOD MEDICAL CENTER - DILLON, MCLEOD LORIS SEACOAST HOSPITAL, MCLEOD HEALTH CHERAW, MCLEOD HEALTH CLARENDON, AND MCLEOD PHYSICIAN ASSOCIATES II. ON A DAILY BASIS, MCLEOD HEALTH COORDINATES THE DELIVERY OF QUALITY ACUTE CARE SERVICES TO THE RESIDENTS OF THE EASTERN REGION OF SOUTH CAROLINA AND THE EXTREME SOUTHEASTERN REGION OF NORTH CAROLINA. SEE ALSO THE COMMUNITY BENEFIT REPORT FOR MCLEOD HEALTH ON SCHEDULE O.

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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 $1,782,921

Program Service Revenue $338,519,365

Investment Income $0

Other Revenue $514,960

TOTAL REVENUE $340,817,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,911,186

Fundraising Expenses $0

Program Expenses $301,765,360

Other Expenses $89,691,842

TOTAL EXPENSES $342,603,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,817,246	$313,376,956	+0.1%
Expenses	$342,603,028	$316,769,499	+0.1%
Net Income	$-1,785,782	$-3,392,543	-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

1483

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

$5,884,139

Total Directors

$4,562,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT V PANDE MD	TRUSTEE/STAFF MD-RELATED ORG	1.00	Director	$0	$46,742	$992,116
JAMES CH SMITH MD	TRUSTEE/STAFF MD-RELATED ORG	1.00	Officer Director	$0	$47,905	$697,407
PATRICK DENTON MD	TRUSTEE/STAFF MD-RELATED ORG	1.00	Director	$0	$48,690	$1,946,380
CARMEN PICCOLO MD	TRUSTEE/CHIEF OF STAFF-MRMC	1.00	Officer Director	$0	$44,998	$926,928
RONALD M FOWLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANK J BUDDY BRAND II	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY D ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
TAREK M BISHARA MD	TRUSTEE	1.00	Director	$0	$0	$0
H SULLIVAN BLAIR	TRUSTEE	1.00	Director	$0	$0	$0
FRANK V BOULINEAU III	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BOULWARE MD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIE E BILL BOYS SR	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY BRADY	TRUSTEE	1.00	Director	$0	$0	$0
ALLIE E BROOKS JR	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND B CLARK	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA L CLYBURN-IPOCK MD	TRUSTEE	1.00	Director	$0	$0	$0
JEANNETTE GLENN	TRUSTEE	1.00	Director	$0	$0	$0
BEVERLY S HAZELWOOD	TRUSTEE	1.00	Director	$0	$0	$0
FRANCES SEGARS JONES	TRUSTEE	1.00	Director	$0	$0	$0
J DOUGLAS LYNN	TRUSTEE	1.00	Director	$0	$0	$0
TRACY P RAY	TRUSTEE	1.00	Director	$0	$0	$0
AMY URQUHART	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN T ZEIGLER	TRUSTEE	1.00	Director	$0	$0	$0
DONNA C ISGETT	PRESIDENT/CEO	30.00	Officer	$2,011,094	$224,924	$2,236,018
S FULTON ERVIN III	CORPORATE SR. VP/CFO	30.00	Officer	$913,300	$129,833	$1,043,133
MATTHEW JOHNSON MD	COO/CHIEF CLINICAL OFFICER	30.00	Officer	$880,698	$99,955	$980,653
C DALE LUSK MD	SR. VP/EXEC MEDICAL OFFICER	40.00	Highest	$1,099,090	$120,069	$1,219,159
BRYON FROST MD	VP/CHF MED INFORMATICS OFFICER	40.00	Highest	$553,524	$41,520	$595,044
LESLI MCGEE	SR. VP	40.00	Highest	$577,660	$88,775	$666,435
MATT REICH	SR. VP/ CIO	40.00	Highest	$572,657	$91,138	$663,795
MICHAEL ROSE MD	SR. VP	40.00	Highest	$567,438	$84,930	$652,368

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	$340,817,246	$342,603,028	$235,120,749	$-1,785,782
2023	$313,376,956	$316,769,499	$152,023,986	$-3,392,543
2022	$280,862,953	$283,186,238	$165,330,379	$-2,323,285
2021	$254,765,554	$254,272,149	$136,994,943	$493,405
2020	$227,483,510	$227,503,173	$133,500,814	$-19,663
2019	$222,028,771	$217,039,536	$133,302,507	$4,989,235
2018	$196,512,111	$198,121,802	$126,760,248	$-1,609,691