Mcleod Health Cheraw
93% goes to programs $0 to raise $100 Growing revenue
Mcleod Health Cheraw is a 501(c)(3) organization based in Cheraw, South Carolina, registered in 2015, with $78,777,937 in FY2023 revenue. CharityIndex grades it B+, and it directs about 93% of spending to programs.
711 Chesterfield Hwy, Cheraw, SC, 29520 EIN 47-3712858 Since 2015
Revenue (FY2023)
$78.8M
▲ 13.2% vs prior year
Health median: $840K
Expenses (FY2023)
$73.2M
Net assets
$7.7M
Employees
496
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mcleod Health Cheraw: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mcleod Health Cheraw: 1 mo reserves · +7% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mcleod Health Cheraw: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mcleod Health Cheraw: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Acute care hospital
Contact & location
- Address
- 711 Chesterfield Hwy, Cheraw, SC, 29520
- City
- Cheraw
- State
- South Carolina
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.6M (FY2015) to $78.8M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $22.0MNet assets $7.7M
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$29.7M
Total liabilities
$22.0M
Net assets
$7.7M
Salaries & benefits
$30.0M
41% of expenses
Board members
15
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $78,777,937▲13.2% | $73,170,404▲7.7% | $7,704,240▲267% | $29,684,126▲8.6% | 990 |
| 2022 | $69,577,464▲1.3% | $67,924,325▲4.5% | $2,096,707▲373% | $27,331,304▲25.8% | 990 |
| 2021 | $68,656,522▲11.7% | $64,984,192▲13.6% | $443,568▲114% | $21,730,577▼2.6% | 990 |
| 2020 | $61,438,962▲42.2% | $57,222,532▲25.7% | -$3,228,762▲56.6% | $22,315,957▼15.4% | 990 |
| 2019 | $43,196,288▲9.4% | $45,515,793▲13.3% | -$7,445,192▼45.3% | $26,388,062▲22.2% | 990 |
| 2018 | $39,468,295▲0.3% | $40,165,350▲3.1% | -$5,125,686▼15.7% | $21,590,324▲8.8% | 990 |
| 2017 | $39,335,895▲11.7% | $38,972,273▲9.1% | -$4,428,631▲7.6% | $19,837,619▲37.7% | 990 |
| 2016 | $35,230,955▲19.2% | $35,705,450▲3.8% | -$4,792,253▼11.0% | $14,409,256▼2.4% | 990 |
| 2015 | $29,568,503 | $34,392,071 | -$4,317,758 | $14,759,178 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Foy Connell Md — $508,490 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Foy Connell Md | Staff Physician | 40 | $508,490 |
| Vinay Jagadeesha Md | Staff Physician | 40 | $484,282 |
| Jeffrey Scharstein Md | Staff Physician | 40 | $450,664 |
| Daniel G Simpson Md | Trustee | 40 | $403,038 |
| Benjamin Weston Md | Staff Physician | 40 | $374,521 |
| Douglass Lilly Md | Staff Physician | 40 | $374,487 |
| Bren T Lowe | Ceo-mcleod Cheraw Hospital | 40 | $285,262 |
| Michael Harless Md | Trustee | 40 | $259,354 |
| Christy Truesdale | Trustee | 1 | — |
| Cora H David | Trustee | 1 | — |
| Davis Yarborough | Trustee | 1 | — |
| Donna C Isgett | Corporate Pres/ceo | 1 | — |
| Harold Watson | Trustee | 1 | — |
| Majik Lowery | Trustee | 1 | — |
| Mary Anderson | Trustee | 1 | — |
| Matthew Johnson Md | Corporate Coo | 1 | — |
| Mia Cole Md | Trustee - Part Year | 1 | — |
| Phillip Caulder | Trustee | 1 | — |
| Rev Johnnie Mclendon | Trustee | 1 | — |
| Robert Schultz | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medical Properties Trust | Rent | $902,866 |
| Qualivis LLC | Contract Labor | $630,050 |
| Shared Medical Equipment Group | Rent | $346,580 |
| Locum Inc Dbs Medstaff National Medica | Medical Services | $332,093 |
| Health Carousel LLC | Contract Labor | $198,668 |
Grants made · $23K in FY2023
1 grant totaling $23K in FY2023. All grants made by Mcleod Health Cheraw →
| Recipient | Purpose | Amount |
|---|---|---|
| Northeastern Technical College Foundation | Scholarships | $22,500 |
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Frequently asked questions
- Is Mcleod Health Cheraw a legitimate nonprofit?
- Yes. Mcleod Health Cheraw is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3712858, based in Cheraw, South Carolina. Donations are tax-deductible.
- What is Mcleod Health Cheraw's EIN?
- Mcleod Health Cheraw's Employer Identification Number (EIN) is 47-3712858.
- How much revenue does Mcleod Health Cheraw report?
- Mcleod Health Cheraw reported $78,777,937 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mcleod Health Cheraw's spending goes to programs?
- Mcleod Health Cheraw spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mcleod Health Cheraw have?
- CharityIndex grades Mcleod Health Cheraw B+, based on program efficiency and fundraising cost.
- How much does Mcleod Health Cheraw's highest-paid employee make?
- The highest reported compensation on Mcleod Health Cheraw's latest Form 990 is $508,490, paid to Foy Connell Md (Staff Physician).
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Explore more
Data for Mcleod Health Cheraw (EIN 47-3712858) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.