Mcleod Health Clarendon

Nonprofit profile at a glance

EIN
812772554
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Florence, SC, USA
Phone
8437775304
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$102,534,164
Expenses
$83,187,427
Assets
$49,671,700
Liabilities
$32,590,255

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

Leadership & pay

21 people listed

Executive titles in this filing

  • PAUL SCHUMACHER (INTERIM CEO/TRUSTEE)
  • RACHEL GAINEY (TRUSTEE/CEO-MCLEOD CLARENDON HOSPITAL - PART YEAR)
  • DONNA C ISGETT (CORPORATE PRESIDENT/CEO)

Highest reported compensation

  • DONNA C ISGETT (CORPORATE PRESIDENT/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

Organization is 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 clarendon is an 81 bed community hospital located in manning, South Carolina. Mcleod health clarendon 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. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 96
  • Accountability: 69
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.9%; rating input score 79
  • Program expense ratio: 97.2%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 53.8%; rating input score 54; 14th 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: 18.9%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 12.6% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 78.9% of revenue deployed · 97.2% of spending went to programs
  • Governance: 7 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $80.9M in reported program spending
  • Leadership: top reported pay $2.4M · 21 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 13 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.

  • Review — Accountability: Independent voting board scored 54/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.