SOUTHEASTERN REGIONAL MEDICAL CENTER

SOUTHEASTERN REGIONAL MEDICAL CENTER

Lumberton, NC, US
501(c)3
EIN
56-0530233
Hospital
Parent Organization

SOUTHEASTERN REGIONAL MEDICAL CENTER

Lumberton, NC, US
501(c)3
EIN
56-0530233
Hospital
Parent Organization

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$334,313,851

Program Services
90%
Other
10%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$314,706,641

Salaries & Benefits
44%
Other
32%
Fees to Service Providers
14%
Depreciation
6%
Offices, Occupancy & IT
2%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$266,975,933
$299,754,455
+12%
Membership Dues
$0
$0
-
Investments
$1,854,792
$2,366,363
+28%
Other
$35,229,021
$32,193,033
-9%
Total Revenues
$304,059,746
$334,313,851
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$136,843,614
$137,052,327
+0%
Fees to Service Providers
$55,203,455
$44,457,048
-19%
Advertising & Promotion
$593,131
$554,642
-6%
Offices, Occupancy & IT
$6,972,267
$6,519,826
-6%
Interest
$4,650,349
$5,933,025
+28%
Depreciation
$22,922,872
$19,616,780
-14%
Other
$109,359,914
$100,572,993
-8%
Total Expenses
$336,545,602
$314,706,641
-6%
Net income
2023
2024
Change
Net income
-$32,485,856
+$19,607,210
-160%
Functional Expenses
Summary
2023
2024
Change
Program
$193,388,691
$222,390,261
+15%
Admin
$143,156,911
$92,316,380
-36%
Fundraising
$0
$0
-
Total Expenses
$336,545,602
$314,706,641
-6%
Income Statement
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