Mcleod Health Cheraw

Nonprofit profile at a glance

EIN
473712858
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Florence, SC, USA
Phone
8437775304
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$84,538,650
Expenses
$74,611,211
Assets
$40,825,997
Liabilities
$23,194,318

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • BREN T LOWE (CEO -MCLEOD CHERAW HOSPITAL)
  • DONNA C ISGETT (CORPORATE PRES/CEO)

Highest reported compensation

  • DONNA C ISGETT (CORPORATE PRES/CEO): $2,430,056 total reported compensation
  • S FULTON ERVIN III (CORPORATE SR. VP/CFO - PART YEAR): $1,208,592 total reported compensation
  • MATTHEW JOHNSON MD (CORPORATE COO): $1,156,973 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mcleod health cheraw operates as part of the mcleod health system. The mission of mcleod health is to improve the overall health and well being of people living within South Carolina and eastern North Carolina by providing excellence in health care.

What it reported doing in 2024

Mcleod health cheraw is a 59 bed community hospital located in cheraw, South Carolina. Mcleod health cheraw operates as part of the overall mcleod health system. On a daily basis, the mcleod health system coordinates the delivery of an all-encompassing array of quality acute care services to the residents of the eastern region of South Carolina and the extreme southeastern region of North Carolina, regardless of the patients' ability to pay. See also the community benefit report on schedule h.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 85
  • Accountability: 78
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 97.3%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 62.1%; rating input score 62; 12th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 71.4%; rating input score 71; 22nd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.7%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.55; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 97.3% of spending went to programs
  • Governance: 10 of 14 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $72.6M in reported program spending
  • Leadership: top reported pay $2.4M · 22 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.