Mcleod Physician Associates Ii
Mcleod Physician Associates Ii consistently operates at a significant deficit, with liabilities far exceeding assets.
EIN: 202935692 · Florence, SC · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $258.0M |
| Total Expenses | $323.5M |
| Program Spending | 80% |
| Net Assets | $-190,696,494 |
| Transparency Score | 45/100 |
Is Mcleod Physician Associates Ii Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcleod Physician Associates Ii directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcleod Physician Associates Ii
Mcleod Physician Associates Ii (EIN: 202935692) is a nonprofit organization based in Florence, SC, classified under NTEE code E60. The organization reported total revenue of $258.0M and total assets of $73.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcleod Physician Associates Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcleod Physician Associates Ii is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $241.8M |
| Total Expenses | $323.5M |
| Surplus / Deficit | $-81,692,187 |
| Total Assets | $78.7M |
| Total Liabilities | $269.4M |
| Net Assets | $-190,696,494 |
| Operating Margin | -33.8% |
| Debt-to-Asset Ratio | 342.2% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Mcleod Physician Associates Ii reported a deficit of $81.7M with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 342.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mcleod Physician Associates Ii's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +9.8% | +37.3% |
| 2022 | +37.4% | +31.9% | +25.8% |
| 2021 | +25.4% | +12.0% | +1.2% |
| 2020 | +3.2% | +7.1% | -1.4% |
| 2019 | -1.6% | -6.1% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mcleod Physician Associates Ii with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mcleod Physician Associates Ii allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $81.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 342.2%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings suggests that executive salaries are either not directly paid by this entity or are not disclosed in the standard officer compensation section of the 990, which limits transparency regarding leadership costs relative to the organization's substantial size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mcleod Physician Associates Ii's IRS 990 filings:
- Consistent and significant operating deficits across all reported periods (e.g., $81.7M deficit in 2023).
- Liabilities consistently and substantially exceed assets (e.g., $269M liabilities vs $78.7M assets in 2023).
- Lack of transparency regarding executive compensation, consistently reported as 0%.
- Rapid increase in liabilities without a corresponding increase in assets to cover them.
Strengths
The following positive indicators were identified for Mcleod Physician Associates Ii:
- Consistent growth in revenue over the past decade, from $101M in 2014 to $241M in 2023.
- Significant asset growth, from $16.9M in 2014 to $78.7M in 2023, indicating some capital accumulation.
Frequently Asked Questions about Mcleod Physician Associates Ii
Is Mcleod Physician Associates Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcleod Physician Associates Ii (EIN: 202935692) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Mcleod Physician Associates Ii spend its money?
Mcleod Physician Associates Ii directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcleod Physician Associates Ii tax-deductible?
Mcleod Physician Associates Ii is registered as a tax-exempt nonprofit (EIN: 202935692). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mcleod Physician Associates Ii's spending goes to programs?
Mcleod Physician Associates Ii directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcleod Physician Associates Ii compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Mcleod Physician Associates Ii is near average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcleod Physician Associates Ii located?
Mcleod Physician Associates Ii is headquartered in Florence, South Carolina and files with the IRS under EIN 202935692. It is classified under NTEE code E60.
How many years of IRS 990 filings does Mcleod Physician Associates Ii have?
Mcleod Physician Associates Ii has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $258.0M in total revenue.
How does Mcleod Physician Associates Ii cover its consistent operating deficits?
The filings consistently show expenses exceeding revenue (e.g., $323M expenses vs $241M revenue in 2023). The source of funding for these deficits is not immediately clear from the provided data and would require further investigation into other revenue streams or related entity support.
What is the nature of the significant and growing liabilities?
Liabilities have surged from $89M in 2014 to $269M in 2023, significantly exceeding assets. Understanding the composition of these liabilities (e.g., debt, accounts payable) is crucial for assessing financial risk.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation for an organization with over $200M in revenue is unusual. This could indicate that executives are compensated by a related entity, or their compensation is not reported in this specific section of the 990, impacting transparency.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, it's difficult to assess the efficiency and focus of program spending. The NTEE code E60 suggests a focus on general hospitals, but specific program details are missing.
Filing History
IRS 990 filing history for Mcleod Physician Associates Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mcleod Physician Associates Ii's revenue has grown by 274.6%, moving from $64.5M to $241.8M. Total assets increased by 552.6% over the same period, from $12.1M to $78.7M. Total functional expenses rose by 341.7%, from $73.2M to $323.5M. In its most recent filing year (2023), Mcleod Physician Associates Ii reported a deficit of $81.7M, with expenses exceeding revenue. The organization holds $269.4M in liabilities against $78.7M in assets (debt-to-asset ratio: 342.2%), resulting in net assets of $-190,696,494.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $241.8M | $323.5M | $78.7M | $269.4M | — | — |
| 2022 | $234.2M | $294.6M | $57.3M | $166.3M | — | — |
| 2021 | $170.4M | $223.4M | $45.6M | $94.2M | — | View 990 |
| 2020 | $135.9M | $199.6M | $45.0M | $40.6M | — | — |
| 2019 | $131.7M | $186.4M | $45.7M | $335.3M | — | View 990 |
| 2018 | $133.9M | $198.5M | $44.7M | $279.6M | — | View 990 |
| 2017 | $130.7M | $188.4M | $40.4M | $211.2M | — | View 990 |
| 2016 | $132.4M | $156.3M | $37.0M | $150.2M | — | View 990 |
| 2015 | $119.8M | $137.0M | $25.8M | $115.1M | — | View 990 |
| 2014 | $101.3M | $118.1M | $16.9M | $89.0M | — | View 990 |
| 2013 | $99.1M | $113.6M | $15.9M | $71.2M | — | View 990 |
| 2012 | $81.4M | $94.1M | $15.5M | $56.4M | — | View 990 |
| 2011 | $64.5M | $73.2M | $12.1M | $36.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $241.8M, expenses of $323.5M, and assets of $78.7M (revenue +3.2% year-over-year).
- 2022: Revenue of $234.2M, expenses of $294.6M, and assets of $57.3M (revenue +37.4% year-over-year).
- 2021: Revenue of $170.4M, expenses of $223.4M, and assets of $45.6M (revenue +25.4% year-over-year).
- 2020: Revenue of $135.9M, expenses of $199.6M, and assets of $45.0M (revenue +3.2% year-over-year).
- 2019: Revenue of $131.7M, expenses of $186.4M, and assets of $45.7M (revenue -1.6% year-over-year).
- 2018: Revenue of $133.9M, expenses of $198.5M, and assets of $44.7M (revenue +2.4% year-over-year).
- 2017: Revenue of $130.7M, expenses of $188.4M, and assets of $40.4M (revenue -1.3% year-over-year).
- 2016: Revenue of $132.4M, expenses of $156.3M, and assets of $37.0M (revenue +10.5% year-over-year).
- 2015: Revenue of $119.8M, expenses of $137.0M, and assets of $25.8M (revenue +18.2% year-over-year).
- 2014: Revenue of $101.3M, expenses of $118.1M, and assets of $16.9M (revenue +2.2% year-over-year).
- 2013: Revenue of $99.1M, expenses of $113.6M, and assets of $15.9M (revenue +21.8% year-over-year).
- 2012: Revenue of $81.4M, expenses of $94.1M, and assets of $15.5M (revenue +26.1% year-over-year).
- 2011: Revenue of $64.5M, expenses of $73.2M, and assets of $12.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcleod Physician Associates Ii:
Data Sources and Methodology
This transparency report for Mcleod Physician Associates Ii is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.