Scotland Memorial Hospital Inc

EIN: 560583151 501(c)(3) Health Care

LAURINBURG, NC

Total Revenue
$296,655,740
Total Expenses
$263,544,798
Total Assets
$379,048,273
Net Assets
$277,820,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NC
Phone
9102917920
Tax Period
2023-10-01 to 2024-09-30

Scotland Memorial Hospital Inc, founded in 1945, is a major nonprofit in the Health Care sector that reported $296.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $263.5M left a modest 11% surplus.

Mission

TO OFFER A FULL RANGE OF ACUTE CARE AND INPATIENT SERVICES TO THE RESIDENTS OF SCOTLAND COUNTY, NORTH CAROLINA AND THE SURROUNDING AREA.

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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 $1,439,284
Program Service Revenue $288,645,408
Investment Income $6,571,048
Other Revenue $0
TOTAL REVENUE $296,655,740

Expense Breakdown

Grants Paid $383,160
Salaries & Benefits $113,010,994
Fundraising Expenses $0
Program Expenses $246,793,211
Other Expenses $150,150,644
TOTAL EXPENSES $263,544,798

Year-over-Year Comparison

2023 2022 Change
Revenue $296,655,740 $273,856,736 +0.1%
Expenses $263,544,798 $244,723,012 +0.1%
Net Income $33,110,942 $29,133,724 +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
16
Independent Members
13
Employees
1695
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
8
$1,448,351
Total Directors
19
$1,514,298
Key Employees
3
$1,044,968
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Pope COO, CEO (BEG JAN 2024) 40.0
Officer Director
$317,731 $42,765 $360,496
Greg Wood CEO (THRU DEC 2023) 40.0
Officer Director
$644,948 $56,502 $701,450
Jennifer Isenhour MD Chief of Staff 40.0
Officer Director
$0 $0 $0
Lee Ann Walker Corporate Secretary 40.0
Officer Director
$48,657 $20,174 $68,831
Mark Ward Treasurer 2.0
Officer Director
$0 $0 $0
Scott Andrews Vice Chair 2.0
Officer Director
$0 $0 $0
Sybil Bullard Board Chair 2.0
Officer Director
$0 $0 $0
Bradley Williams Board Member 1.0
Director
$0 $0 $0
Bryan Maynor Board Member 1.0
Director
$0 $0 $0
Chip Shytle Past Chair of Board 2.0
Director
$0 $0 $0
Elizabeth Munnerlyn Board Member 1.0
Director
$0 $0 $0
Glenn Harris MD PNLC Chair 40.0
Director
$322,596 $60,925 $383,521
Guy McCook Second Vice Chair 1.0
Director
$0 $0 $0
Hampton Hubbard Board Member 1.0
Director
$0 $0 $0
Jessica Scott Board Member 1.0
Director
$0 $0 $0
John Ferguson Board Member 1.0
Director
$0 $0 $0
John McLaurin Board Member 1.0
Director
$0 $0 $0
Ralph Carter MD CQSC, Chair 1.0
Director
$0 $0 $0
Ravonda John Board Member 1.0
Director
$0 $0 $0
Lucien St Onge Assistant Treasurer 40.0
Officer
$267,479 $50,095 $317,574
Beatrice Holt CNO 40.0
Key Emp
$289,094 $30,328 $319,422
Kelvin Oxendine VP, Human Resources 40.0
Key Emp
$219,729 $21,124 $240,853
Shelly Lowery MD CMO 40.0
Key Emp
$445,518 $39,175 $484,693
Linda Mitchell-Frye Physician 40.0
Highest
$612,136 $41,667 $653,803
Lisa Mansur Physician 40.0
Highest
$408,814 $48,376 $457,190
Mark Lavigne Physician 40.0
Highest
$535,036 $18,867 $553,903
Samuel Cummings Physician 40.0
Highest
$409,054 $39,180 $448,234
Theodore Stamatakos Physician 40.0
Highest
$824,501 $20,070 $844,571
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 $296,655,740 $263,544,798 $379,048,273 $33,110,942
2023 $273,856,736 $244,723,012 $323,061,861 $29,133,724
2022 $245,735,799 $225,575,704 $289,460,978 $20,160,095
2021 $244,240,508 $215,739,941 $313,115,918 $28,500,567
2020 $211,707,618 $188,753,786 $260,782,357 $22,953,832
2019 $192,198,424 $181,859,470 $201,520,904 $10,338,954
2018 $180,191,486 $162,984,925 $196,786,140 $17,206,561
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