SOUTHEASTERN REGIONAL MEDICAL CENTER FOUNDATION

EIN: 561348528 501(c)(3) Health Care

LUMBERTON, NC

Total Revenue
$1,711,722
Total Expenses
$557,993
Total Assets
$8,112,641
Net Assets
$8,112,641
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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
1983
Legal Domicile
NC
Principal Officer
CHRIS ELLINGTON
Phone
9106715090
Tax Period
2024-07-01 to 2025-06-30

SOUTHEASTERN REGIONAL MEDICAL CENTER FOUNDATION, founded in 1983, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 67% operating margin.

Mission

HERE FOR YOU. HERE FOR GOOD. TO PROVIDE EXCEPTIONAL CARE FOR OUR DIVERSE REGION, TO PROVIDE THE HIGHEST QUALITY STANDARDS IN A SAFE ENVIRONMENT, AND TO PROVIDE COMPASSIONATE CARE PROVIDED BY A COMMITTED TEAM.

Program Service Accomplishments

Program 1
Expenses: $557,993

ALL EXPENSES ARE TO PROMOTE HEALTHCARE IN THE LOCAL COMMUNITIES BY PROVIDING FINANCIAL ASSISTANCE FOR THE GROWTH OF PROGRAMS AND SERVICES THAT ARE OFFERED IN THOSE COMMUNITIES. EXPENSES FOR PROGRAM...

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ALL EXPENSES ARE TO PROMOTE HEALTHCARE IN THE LOCAL COMMUNITIES BY PROVIDING FINANCIAL ASSISTANCE FOR THE GROWTH OF PROGRAMS AND SERVICES THAT ARE OFFERED IN THOSE COMMUNITIES. EXPENSES FOR PROGRAM SERVICES ARE DESCRIBED BY PROGRAM IN PART IX

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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 (2024)

Revenue Breakdown

Contributions & Grants $745,119
Program Service Revenue $0
Investment Income $774,878
Other Revenue $191,725
TOTAL REVENUE $1,711,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $557,993
Other Expenses $557,993
TOTAL EXPENSES $557,993

Year-over-Year Comparison

2024 2023 Change
Revenue $1,711,722 $1,370,440 +0.2%
Expenses $557,993 $2,003,282 -0.7%
Net Income $1,153,729 $-632,842 -2.8%
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
17
Independent Members
16
Employees
N/A
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
1
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYE FRALEY TRUSTEE N/A
Director
$0 $0 $0
DENNIS HEMPSTEAD TRUSTEE N/A
Director
$0 $0 $0
MARY LOU HERRING TRUSTEE N/A
Director
$0 $0 $0
AMANDA S HUNT TRUSTEE N/A
Director
$0 $0 $0
R CHANNING JONES TRUSTEE N/A
Director
$0 $0 $0
JAMES MARTIN VICE CHAIR N/A
Director
$0 $0 $0
LASHAUNA DEESE MD TRUSTEE N/A
Director
$0 $0 $0
DOUGLAS B MILLS TRUSTEE N/A
Director
$0 $0 $0
MARY JANE RICHARDSON TRUSTEE N/A
Director
$0 $0 $0
RONALD ROACH CHAIR N/A
Director
$0 $0 $0
LISA L RUST SECRETARY N/A
Director
$0 $0 $0
MARY JO WALTER TRUSTEE N/A
Director
$0 $0 $0
WESLEY WASHINGTON TRUSTEE N/A
Director
$0 $0 $0
JOSH WHITLEY TRUSTEE N/A
Director
$0 $0 $0
JOE WILLIAMS TREASURER N/A
Director
$0 $0 $0
CHRIS ELLINGTON PRESIDENT, C N/A
Officer
$0 $0 $0
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
2025 $1,711,722 $557,993 $8,112,641 $1,153,729
2024 No data No data No data No data
2023 $1,846,242 $959,734 $7,283,395 $886,508
2022 $655,053 $1,053,210 $8,323,064 $-398,157
2021 $2,367,491 $1,437,417 $8,593,435 $930,074
2020 $1,867,310 $1,371,737 $7,546,650 $495,573
2019 $1,881,625 $1,334,830 $7,104,669 $546,795
2018 $1,156,582 $775,006 $5,914,764 $381,576
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