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← MCLEOD PHYSICIAN ASSOCIATES II

Form 990 for tax year 2022

Filed by MCLEOD PHYSICIAN ASSOCIATES II.

Totals

Total revenue
$241,769,548
Total expenses
$323,461,735
Contributions and grants received
$66,571
Grants paid
$0
Program service revenue
$241,701,977
Investment income
$1,000
Other revenue
$0
Total assets, end of year
$78,735,758
Total liabilities, end of year
$269,432,252
Net assets or fund balances, end of year
-$190,696,494
Program services expenses (Part IX)
$307,191,242
Management and general expenses
$16,270,493
Fundraising expenses
$0
Program service expenses (Part III)
$307,191,242

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $58,459

  • 1e · Government grants (contributions)

    $8,112

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $208,968,808 · related or exempt $208,968,808

  • 2b · Program service revenue: MPA SUPPORT

    total $28,735,878 · related or exempt $28,735,878

  • 2c · Program service revenue: OTHER PATIENT REVENUE

    total $3,997,291 · related or exempt $3,997,291

  • 7a · Gross sales of assets other than inventory

    other assets $34,812

  • 7b · Less cost or other basis and sales expenses

    other assets $33,812

  • 7c · Gain or loss

    other assets $1,000

  • 7d · Net gain or loss

    total $1,000 · excluded $1,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $668,536 · program services $636,356 · management and general $32,180

  • 7 · Other salaries and wages

    total $209,794,117 · program services $199,695,645 · management and general $10,098,472

  • 9 · Other employee benefits

    total $20,799,720 · program services $19,593,947 · management and general $1,205,773

  • 10 · Payroll taxes

    total $10,799,733 · program services $10,072,729 · management and general $727,004

  • 11b · Fees: legal

    total $454,763 · program services $13,630 · management and general $441,133

  • 11g · Fees: other

    total $23,221,613 · program services $20,755,283 · management and general $2,466,330

  • 12 · Advertising and promotion

    total $222,228 · program services $222,228

  • 13 · Office expenses

    total $14,842,146 · program services $14,673,956 · management and general $168,190

  • 14 · Information technology

    total $1,202,568 · program services $1,202,568

  • 16 · Occupancy

    total $14,808,183 · program services $14,116,601 · management and general $691,582

  • 17 · Travel

    total $573,394 · program services $520,780 · management and general $52,614

  • 19 · Conferences, conventions and meetings

    total $203,366 · program services $192,750 · management and general $10,616

  • 20 · Interest

    total $1,521 · program services $1,521

  • 22 · Depreciation, depletion and amortization

    total $5,762,320 · program services $5,548,254 · management and general $214,066

  • 23 · Insurance

    total $3,253,008 · program services $3,253,008

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $16,620,895 · program services $16,620,895

  • 24b · Other expenses: LICENSE & TAXES

    total $161,202 · management and general $161,202

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $72,422 · program services $71,091 · management and general $1,331

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,803 · end of year $31,625

  • 4 · Accounts receivable

    beginning of year $24,106,868 · end of year $38,238,637

  • 8 · Inventories for sale or use

    beginning of year $1,173,099 · end of year $1,757,197

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,904,570 · end of year $1,588,591

  • 10a · Land, buildings and equipment: cost or other basis

    $76,141,130

  • 10b · Land, buildings and equipment: accumulated depreciation

    $40,672,029

  • 10c · Land, buildings and equipment, net

    beginning of year $27,593,766 · end of year $35,469,101

  • 15 · Other assets

    beginning of year $1,519,320 · end of year $1,650,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,963,495 · end of year $20,726,974

  • 19 · Deferred revenue

    beginning of year $13,808 · end of year $13,808

  • 25 · Other liabilities

    beginning of year $147,357,430 · end of year $248,691,470

  • 27 · Net assets without donor restrictions

    beginning of year -$109,004,307 · end of year -$190,696,494

Mission and programs · 2022

Mission

MCLEOD PHYSICIAN ASSOCIATES II OPERATES AS A 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.

Activities or mission (Part I)

PHYSICIAN SERVICES

  • MCLEOD PHYSICIAN ASSOCIATES II'S PRIMARY GOAL IS TO PROVIDE PHYSICIAN SERVICES TO THE RESIDENTS OF THE EASTERN REGION OF SOUTH CAROLINA AND THE EXTREME SOUTHEASTERN REGION OF NORTH CAROLINA.

    Expenses $307,191,242 · Revenue $241,701,977

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MATTHEW JOHNSON MD

    CORPORATE COO

    Total calculated
    $787,623
    From this org
    $0
    From related orgs
    $708,014
    Other
    $79,609
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,390 related
    Bonus
    $0 + $128,750 related
    Other
    $0 + $2,874 related
    Deferred
    $0 + $78,232 related
    Nontaxable benefits
    $0 + $1,377 related
    Filer's total
    $0 + $787,623 related

  • KENNETH D BEASLEY

    CEO MPA II/SR VICE PRESIDENT

    Total calculated
    $697,436
    From this org
    $599,837
    From related orgs
    $0
    Other
    $97,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,253
    Bonus
    $116,202
    Other
    $5,382
    Deferred
    $67,448
    Nontaxable benefits
    $30,151
    Filer's total
    $697,436

  • MICHAEL E PAYNE

    VICE PRESIDENT

    Total calculated
    $431,391
    From this org
    $0
    From related orgs
    $376,208
    Other
    $55,183
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,385 related
    Bonus
    $0 + $62,819 related
    Other
    $0 + $8,004 related
    Deferred
    $0 + $9,574 related
    Nontaxable benefits
    $0 + $45,609 related
    Filer's total
    $0 + $431,391 related

  • S FULTON ERVIN III

    CORPORATE SR. VP/CFO

    Total calculated
    $1,050,105
    From this org
    $0
    From related orgs
    $939,037
    Other
    $111,068
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $625,702 related
    Bonus
    $0 + $154,317 related
    Other
    $0 + $159,018 related
    Deferred
    $0 + $82,138 related
    Nontaxable benefits
    $0 + $28,930 related
    Filer's total
    $0 + $1,050,105 related

  • ANIL OM MD

    STAFF PHYSICIAN

    Total calculated
    $1,253,600
    From this org
    $1,226,731
    From related orgs
    $0
    Other
    $26,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,222,283
    Bonus
    $0
    Other
    $4,448
    Deferred
    $0
    Nontaxable benefits
    $26,869
    Filer's total
    $1,253,600

  • PATRICK DENTON MD

    STAFF PHYSICIAN

    Total calculated
    $1,410,726
    From this org
    $1,368,750
    From related orgs
    $0
    Other
    $41,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,341,075
    Bonus
    $0
    Other
    $27,675
    Deferred
    $0
    Nontaxable benefits
    $41,976
    Filer's total
    $1,410,726

  • CHRISTOPHER P WALSH MD

    STAFF PHYSICIAN

    Total calculated
    $1,295,491
    From this org
    $1,266,468
    From related orgs
    $0
    Other
    $29,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,250,447
    Bonus
    $15,000
    Other
    $1,021
    Deferred
    $0
    Nontaxable benefits
    $29,023
    Filer's total
    $1,295,491

  • RAKESH CHOKSHI MD

    STAFF PHYSICIAN

    Total calculated
    $1,427,633
    From this org
    $1,393,157
    From related orgs
    $0
    Other
    $34,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,387,775
    Bonus
    $0
    Other
    $5,382
    Deferred
    $0
    Nontaxable benefits
    $34,476
    Filer's total
    $1,427,633

  • PRABAL GUHA MD

    STAFF PHYSICIAN

    Total calculated
    $1,200,755
    From this org
    $1,196,754
    From related orgs
    $0
    Other
    $4,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,194,891
    Bonus
    $0
    Other
    $1,863
    Deferred
    $0
    Nontaxable benefits
    $4,001
    Filer's total
    $1,200,755

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR OFFICERS AND DIRECTORS: 1. COMPENSATION COMMITTEE 2. COMPENSATION STUDY 3. APPROVAL OF THE BOARD ANNUALLY APPROVING COMPENSATION AMOUNTS 4. INDEPENDENT COMPENSATION CONSULTANT 5. OTHER COMPARABLE ORGANIZATIONS
PART I, LINE 4B
MCLEOD HEALTH HAS A 457(F) EXECUTIVE RETIREMENT PLAN (THE "PLAN"). PARTICIPATION IN THE PLAN IS LIMITED TO A SELECT GROUP OF EXECUTIVE MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES DESIGNATED BY THE BOARD OF MCLEOD HEALTH AT ITS SOLE DISCRETION. MCLEOD HEALTH MAY MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN ON BEHALF OF PARTICIPANTS, WHICH NEED NOT BE UNIFORM AMONG PARTICIPANTS. NO PARTICIPANT CONTRIBUTIONS ARE PERMITTED UNDER THE PLAN SO THE PLAN IS ENTIRELY FUNDED BY MCLEOD HEALTH. CONTRIBUTIONS TO THE PLAN ARE MADE IN A MANNER THAT IS CONSISTENT WITH MCLEOD HEALTH'S POLICIES, PROCESS, AND PROCEDURES FOR DETERMINING COMPENSATION. SERP DISTRIBUTIONS DURING THE YEAR ARE AS FOLLOWS: S. FULTON ERVIN III: $146,077 PARTICIPANT ACCOUNT BALANCES VEST BASED ON YEARS OF SERVICE AND PARTICIPANT AGE. UNVESTED BALANCES ARE SUBJECT TO FORFEITURE.
PART I, LINE 7
THE ORGANIZATION AWARDS BONUSES BASED ON QUALITY AND OTHER PERFORMANCE FACTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
2 August 2024
IRS schema version
2022v5.0
Source object
202432269349301953

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