McLeod Health
Legal name: Mcleod Regional Medical Center of the Pee Dee Inc
Nonprofit profile at a glance
- EIN
- 570370242
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Florence, SC, US
- Phone
- 8437772256
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $1,494,230,490
- Expenses
- $1,291,394,466
- Assets
- $3,027,944,631
- Liabilities
- $408,689,569
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- JOHN WILL MCLEOD (MRMC CEO/SR. VP)
- DONNA C ISGETT (PRESIDENT/CEO)
Highest reported compensation
- DONNA C ISGETT (PRESIDENT/CEO): $2,430,056 total reported compensation
- RAJESH BAJAJ MD (STAFF PHYSICIAN): $1,260,744 total reported compensation
- S FULTON ERVIN III (CORPORATE SR. VP/CFO - PART YEAR): $1,208,592 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provider-based billing is commonly used by healthcare systems across the U.S. It benefits patients by ensuring participating hospital facilities meet higher quality standards and provide additional resources to support patients and their families. Are All Patients Billed Using Provider-Based Billing? The requirement to itemize professional services and facility charges separately applies exclusively to the Centers for Medicare & Medicaid Services. Only patients with Medicare, Medicaid, Medicare Advantage, or Medicaid HMO plans receive bills showing separate professional and facility charges. For all other insurance health plans and networks, charges are combined and billed as a single amount.
What it reported doing in 2024
On a daily basis, mcleod health system coordinates the delivery 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. 97% 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. No material rating questions were generated from the available inputs.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 96
- Accountability: 84
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 79
- Program expense ratio: 87.3%; rating input score 87
- 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: 73.3%; rating input score 73; 23rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.6%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 2.34; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 50th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 78.5% of revenue deployed · 87.3% of spending went to programs
- Governance: 11 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.1B in reported program spending
- Leadership: top reported pay $2.4M · 25 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $23.5M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 14 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.