Scotland Memorial Foundation Inc

EIN: 581828201 501(c)(3) Health Care

LAURINBURG, NC

Total Revenue
$1,488,150
Total Expenses
$1,327,755
Total Assets
$9,131,770
Net Assets
$9,125,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NC
Phone
9102917920
Tax Period
2023-10-01 to 2024-09-30

Scotland Memorial Foundation Inc, founded in 1987, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 11% surplus.

Mission

TO PROVIDE RESOURCES TO SUPPORT THE FINEST IN HEALTHCARE SERVICES WITHIN THE SCOTLAND HEALTH CARE SYSTEM, INNOVATIVE AND HIGH QUALITY COMMUNITY HEALTH PROJECTS AND HEALTH EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $1,314,494

THE FOUNDATION RAISES FUNDS PRIMARILY THROUGH ANNUAL EVENTS, CAPITAL AND MAJOR GIFT CAMPAIGNS, ANNUAL RESTRICTED AND UNRESTRICTED GIVING AND PLANNED GIVING. DONORS HAVE DEMONSTRATED A COMMITMENT TO...

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THE FOUNDATION RAISES FUNDS PRIMARILY THROUGH ANNUAL EVENTS, CAPITAL AND MAJOR GIFT CAMPAIGNS, ANNUAL RESTRICTED AND UNRESTRICTED GIVING AND PLANNED GIVING. DONORS HAVE DEMONSTRATED A COMMITMENT TO THE FOUNDATION AND SHCS BY FUNDING NUMEROUS HEALTH-RELATED PROGRAMS AND SERVICES THROUGHOUT THE COMMUNITIES IN THE SHCS SERVICE AREA. THESE FINANCIAL COMMITMENTS REMAIN ESSENTIAL DUE TO THE CONTINUED ECONOMIC CHALLENGES OF THE ENTIRE REGION. SCOTLAND MEMORIAL FOUNDATION (SMF) HAS RECEIVED EXTERNAL GRANTS FROM ORGANIZATIONS SUCH AS CANNON FOUNDATION, DUKE ENDOWMENT, AND GOLDEN LEAF FOUNDATION. SMF WILL WORK WITH THE NEWLY HIRED GRANTS MANAGER TO IDENTIFY POTENTIAL OPPORTUNITIES FOR THE FOUNDATION AND THE HEALTH CARE SYSTEM. SMF PROVIDES SUPPORT TO DEPARTMENTS THROUGHOUT THE HOSPITAL AND HEALTH CARE SYSTEM INCLUDING, BUT NOT LIMITED TO, THE CANCER CENTER, WOUND HEALING CENTER, CARDIOPULMONARY REHABILITATION, CARDIOVASCULAR CENTER, EMERGENCY CENTER, WOMEN'S CENTER, AND NURSERY. THIS SUPPORT PROVIDES OPPORTUNITIES FOR COMMUNITY-BASED HEALTH AND WELLNESS PROGRAMS, INDIGENT PATIENTS, MINOR EQUIPMENT PROCUREMENT AND EDUCATIONAL SUPPLIES AND PROGRAMS FOR PATIENTS AND TEAMMATES. FOUNDATION FUNDING SUBSIDIZES COMMUNITY HEALTH SCREENINGS, BOTH IN THE HOSPITAL AND THROUGH MOBILE UNITS. SCREENINGS MAY INCLUDE CHOLESTEROL, BLOOD PRESSURE, BODY FAT, PROSTATE, AND MAMMOGRAMS. COMMUNITY HEALTH EDUCATION ACTIVITIES INCLUDE MEN'S AND WOMEN'S HEALTH EVENTS, DIABETES EDUCATION FAIR, PREGNANCY FAIR AND OTHER FAITH-BASED WELLNESS ACTIVITIES. PERTINENT HEALTH ISSUES ARE ADDRESSED WITH MOTIVATIONAL SPEAKERS, EDUCATIONAL SESSIONS AND OTHER LEARNING TOOLS. THE FOUNDATION ALSO SPONSORS SEVERAL COMMUNITY SUPPORT GROUPS FOR CANCER AND OTHER CHRONIC ISSUES, SUPPORTING EMOTIONAL AND MENTAL WELLNESS THROUGH THE COMMUNITIES. SCHOLARSHIPS ARE PROVIDED FOR HIGH SCHOOL STUDENTS ENTERING HEALTH CARE RELATED FIELDS OF STUDY AS WELL AS HIGHER EDUCATION SCHOLARSHIPS FOR STUDENTS ALREADY ENROLLED IN HEALTH CARE STUDIES. THESE SCHOLARSHIPS ARE BASED UPON MERIT, NEED AND COMMUNITY INVOLVEMENT. THESE SCHOLARSHIPS ARE PROVIDED WITH A DESIRE FOR STUDENTS TO RETURN TO THE COMMUNITY AS HEALTH CARE PROFESSIONALS ONCE THEIR STUDIES ARE COMPLETE. SMF ALSO EXPLORES OPPORTUNITIES TO SUPPORT LOCAL COMMUNITY ORGANIZATIONS WHOSE NEEDS MEET THE FOUNDATION'S MISSION. SOME EXAMPLES INCLUDE ST. ANDREWS UNIVERSITY NURSING PROGRAM, SCOTLAND COUNTY PARKS AND RECREATION FOR A FIXED OUTDOOR EXERCISE PARK, AND UNCP HEALTH SCIENCE SCHOLARSHIP PROGRAM. THE FOUNDATION VOLUNTEER BOARD OF TRUSTEES PARTICIPATE IN MULTIPLE COMMUNITY FUNDRAISING ACTIVITIES, SERVE ON COMMITTEES TO PLAN FOR INCREASED SERVICES, AND RECRUIT COMMUNITY MEMBERS FOR CONSIDERATION OF ESTATE/PLANNED GIVING. DURING THE YEAR, EVENTS ARE HELD TO SUPPORT COMMUNITY HEALTH AND WELLNESS PROGRAMS INCLUDING THE FUND RUN AND PUTTING ON THE RITZ A GALA OF GIVING AS WELL AS OTHER FUNDRAISING ACTIVITIES.

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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 $1,437,847
Program Service Revenue $0
Investment Income $262,762
Other Revenue $-212,459
TOTAL REVENUE $1,488,150

Expense Breakdown

Grants Paid $1,314,494
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,314,494
Other Expenses $13,261
TOTAL EXPENSES $1,327,755

Year-over-Year Comparison

2023 2022 Change
Revenue $1,488,150 $1,070,391 +0.4%
Expenses $1,327,755 $12,543 +104.9%
Net Income $160,395 $1,057,848 -0.8%
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

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Governance

Voting Members
25
Independent Members
21
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
6
$1,660,719
Total Directors
26
$1,687,114
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandi Jones-Bullock Vice-Chair 2.0
Officer Director
$0 $0 $0
David Pope Board Member 1.0
Officer Director
$0 $42,765 $360,496
Greg Wood Board Member 1.0
Officer Director
$0 $56,502 $701,450
Jay Todd Chair 2.0
Officer Director
$0 $0 $0
Misty McMillan Director of Foundation 40.0
Officer Director
$0 $14,093 $114,080
Shelly Lowery MD Board Member 1.0
Officer Director
$0 $39,175 $484,693
Alexis McKoy Tyson Board Member 1.0
Director
$0 $0 $0
Angela McCord Board Member 1.0
Director
$0 $0 $0
Bryan Maynor Board Member 1.0
Director
$0 $0 $0
Dorothy Tyson Board Member 1.0
Director
$0 $0 $0
Elizabeth Cooley Board Member 1.0
Director
$0 $0 $0
Jamie Adams Board Member 1.0
Director
$0 $0 $0
Jarrett Sampson Board Member 1.0
Director
$0 $0 $0
Jennifer Isenhour MD Board Member 1.0
Director
$0 $0 $0
John McLaurin Board Member 1.0
Director
$0 $0 $0
Kay Kilby Nuritdinov Board Member 1.0
Director
$0 $0 $0
Laura Gibson Jones Board Member 1.0
Director
$0 $0 $0
Nancy Adcock Board Member 1.0
Director
$0 $0 $0
Nancy Walker Board Member 1.0
Director
$0 $0 $0
Page Pratt Board Member 1.0
Director
$0 $0 $0
Paul Brooks Board Member 1.0
Director
$0 $0 $26,395
Paul Jolicoeur Board Member 1.0
Director
$0 $0 $0
Rachel McDonald Board Member 1.0
Director
$0 $0 $0
Ravonda John Board Member 1.0
Director
$0 $0 $0
Ray McDaniel Board Member 1.0
Director
$0 $0 $0
Ruby Williamson Board Member 1.0
Director
$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
2024 $1,488,150 $1,327,755 $9,131,770 $160,395
2023 $1,070,391 $1,148,230 $7,190,849 $-77,839
2022 $1,104,482 $843,844 $7,508,865 $260,638
2021 $1,323,012 $878,109 $8,865,031 $444,903
2020 $1,163,895 $1,268,506 $7,692,402 $-104,611
2019 $1,374,753 $647,080 $7,788,888 $727,673
2018 $1,215,268 $898,342 $7,451,492 $316,926
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