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← MCLEOD PHYSICIAN ASSOCIATES II

Form 990 for tax year 2023

Filed by MCLEOD PHYSICIAN ASSOCIATES II.

Totals

Total revenue
$257,952,247
Total expenses
$351,704,549
Contributions and grants received
$112,538
Grants paid
$0
Program service revenue
$257,839,709
Investment income
$0
Other revenue
$0
Total assets, end of year
$73,928,533
Total liabilities, end of year
$358,377,329
Net assets or fund balances, end of year
-$284,448,796
Program services expenses (Part IX)
$330,476,352
Management and general expenses
$21,228,197
Fundraising expenses
$0
Program service expenses (Part III)
$330,476,352

Program services were 94.0% 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

    $112,538

  • 2a · Program service revenue: PHYSICIAN SERVICES

    total $216,627,333 · related or exempt $216,627,333

  • 2b · Program service revenue: MPA SUPPORT

    total $35,946,246 · related or exempt $35,946,246

  • 2c · Program service revenue: OTHER PATIENT REVENUE

    total $5,266,130 · related or exempt $5,266,130

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $696,466 · program services $655,014 · management and general $41,452

  • 7 · Other salaries and wages

    total $241,643,583 · program services $227,261,381 · management and general $14,382,202

  • 9 · Other employee benefits

    total $22,507,838 · program services $20,733,440 · management and general $1,774,398

  • 10 · Payroll taxes

    total $12,076,646 · program services $11,228,718 · management and general $847,928

  • 11b · Fees: legal

    total $724,894 · program services $16,195 · management and general $708,699

  • 11g · Fees: other

    total $23,338,157 · program services $22,634,982 · management and general $703,175

  • 12 · Advertising and promotion

    total $160,128 · program services $139,128 · management and general $21,000

  • 13 · Office expenses

    total $18,213,168 · program services $17,219,349 · management and general $993,819

  • 14 · Information technology

    total $926,956 · program services $926,956

  • 16 · Occupancy

    total $15,280,809 · program services $14,252,722 · management and general $1,028,087

  • 17 · Travel

    total $632,854 · program services $511,887 · management and general $120,967

  • 19 · Conferences, conventions and meetings

    total $192,824 · program services $162,874 · management and general $29,950

  • 20 · Interest

    total $2,058 · program services $2,058

  • 22 · Depreciation, depletion and amortization

    total $5,860,729 · program services $5,632,100 · management and general $228,629

  • 23 · Insurance

    total $1,924,050 · program services $1,924,050

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $7,097,284 · program services $7,097,284

  • 24b · Other expenses: LICENSE & TAXES

    total $343,506 · management and general $343,506

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $82,599 · program services $78,214 · management and general $4,385

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,625 · end of year $72,806

  • 4 · Accounts receivable

    beginning of year $38,238,637 · end of year $33,222,115

  • 8 · Inventories for sale or use

    beginning of year $1,757,197 · end of year $1,182,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,588,591 · end of year $1,755,741

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

    $80,614,096

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

    $44,840,019

  • 10c · Land, buildings and equipment, net

    beginning of year $35,469,101 · end of year $35,774,077

  • 15 · Other assets

    beginning of year $1,650,607 · end of year $1,921,572

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,726,974 · end of year $22,600,266

  • 19 · Deferred revenue

    beginning of year $13,808 · end of year $0

  • 25 · Other liabilities

    beginning of year $248,691,470 · end of year $335,777,063

  • 27 · Net assets without donor restrictions

    beginning of year -$190,696,494 · end of year -$284,448,796

Mission and programs · 2023

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 $330,476,352 · Revenue $257,839,709

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • S Fulton Ervin III

    CORPORATE SR. VP/CFO

    Total calculated
    $1,043,133
    From this org
    $0
    From related orgs
    $913,300
    Other
    $129,833
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,408 related
    Bonus
    $0 + $178,819 related
    Other
    $0 + $84,073 related
    Deferred
    $0 + $87,469 related
    Nontaxable benefits
    $0 + $42,364 related
    Filer's total
    $0 + $1,043,133 related

  • Matthew Johnson MD

    CORPORATE COO

    Total calculated
    $980,653
    From this org
    $0
    From related orgs
    $880,698
    Other
    $99,955
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $704,351 related
    Bonus
    $0 + $172,350 related
    Other
    $0 + $3,997 related
    Deferred
    $0 + $89,733 related
    Nontaxable benefits
    $0 + $10,222 related
    Filer's total
    $0 + $980,653 related

  • Kenneth D Beasley

    CEO MPA II/SR VICE PRESIDENT

    Total calculated
    $766,801
    From this org
    $673,749
    From related orgs
    $0
    Other
    $93,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $492,363
    Bonus
    $134,663
    Other
    $46,723
    Deferred
    $69,905
    Nontaxable benefits
    $23,147
    Filer's total
    $766,801

  • Michael E Payne

    VICE PRESIDENT

    Total calculated
    $484,005
    From this org
    $0
    From related orgs
    $437,500
    Other
    $46,505
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,450 related
    Bonus
    $0 + $72,090 related
    Other
    $0 + $49,960 related
    Deferred
    $0 + $10,150 related
    Nontaxable benefits
    $0 + $36,355 related
    Filer's total
    $0 + $484,005 related

  • William Naso MD

    STAFF PHYSICIAN

    Total calculated
    $1,274,737
    From this org
    $1,263,440
    From related orgs
    $0
    Other
    $11,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,111,091
    Bonus
    $147,630
    Other
    $4,719
    Deferred
    $10,150
    Nontaxable benefits
    $1,147
    Filer's total
    $1,274,737

  • Patrick Denton MD

    STAFF PHYSICIAN

    Total calculated
    $1,946,380
    From this org
    $1,897,690
    From related orgs
    $0
    Other
    $48,690
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,894,428
    Bonus
    $0
    Other
    $3,262
    Deferred
    $0
    Nontaxable benefits
    $48,690
    Filer's total
    $1,946,380

  • Christopher P Walsh MD

    STAFF PHYSICIAN

    Total calculated
    $1,491,045
    From this org
    $1,460,180
    From related orgs
    $0
    Other
    $30,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,443,836
    Bonus
    $0
    Other
    $16,344
    Deferred
    $0
    Nontaxable benefits
    $30,865
    Filer's total
    $1,491,045

  • Anil Om MD

    STAFF PHYSICIAN

    Total calculated
    $1,283,149
    From this org
    $1,248,837
    From related orgs
    $0
    Other
    $34,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,244,389
    Bonus
    $0
    Other
    $4,448
    Deferred
    $0
    Nontaxable benefits
    $34,312
    Filer's total
    $1,283,149

  • Prabal Guha MD

    STAFF PHYSICIAN

    Total calculated
    $1,256,464
    From this org
    $1,252,463
    From related orgs
    $0
    Other
    $4,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,250,600
    Bonus
    $0
    Other
    $1,863
    Deferred
    $0
    Nontaxable benefits
    $4,001
    Filer's total
    $1,256,464

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: $74,144 KENNETH D. BEASLEY: $38,515 MICHAEL E. PAYNE: $41,956 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.

  • MCLEOD MEDICAL PARTNERS LLC

    RENTAL · SC

Related corporations and trusts

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

  • MCLEOD PHYSICIAN ASSOCIATES INC

    C · PHYSICIAN SVC · SC

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202542249349302374

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