Arkansas Foundation For Medical Care Inc
- Assets
- $38.8m
- Revenue
- $50.0m
- Investments
- $0.0
- Employees
- 379
- Location
- Fort Smith, AR
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 23-7237381
Organization Overview
Arkansas Foundation For Medical Care Inc is located in Fort Smith, AR. The organization was established in 2016. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 06/2022, Arkansas Foundation For Medical Care Inc employed 379 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Foundation For Medical Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Arkansas Foundation For Medical Care Inc generated $50.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $44.4m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS FOUNDATION FOR MEDICAL CARE, INC. DEVELOPS AND PROMOTES COOPERATIVE QUALITY IMPROVEMENT PROJECTS INVOLVING HOSPITALS, NURSING HOMES, HOME HEALTH AGENCIES, PHYSICIANS, AND OTHER STAKEHOLDERS IN ORDER TO IMPROVE THE DELIVERY, QUALITY, AND COST-EFFECTIVENESS OF HEALTH CARE PROVIDED FOR MEDICARE AND MEDICAID BENEFICIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADH CONTACT TRACING/ACTIVE RESPONSE TEAM - A SUB-CONTRACT AGREEMENT WITH THE ARKANSAS DEPARTMENT OF HEALTH INVOLVING HOSTING COVID TESTING AND VACCINE EVENTS, PROVIDING STAFF AUGMENTATION FOR HOSPITALS AND UNIVERSITY HEALTH CENTERS, AND EXPANDING CALL-CENTER SERVICES TO PROVIDE VACCINE SUPPORT SERVICES.
ARKANSAS MEDICAID REVIEW - PROVIDED REVIEW SERVICES AS REQUIRED BY CONTRACT:PRIOR AUTHORIZATION OF ASSISTANT SURGEON - 403PRIOR AUTHORIZATION OF MUMPS - 517PRIOR AUTHORIZATION OF MED/SURG - 1PRIOR AUTHORIZATION OF DME - 25,435TARGETED CASE MANAGEMENT REVIEW - 0PHYSICIAN DRUG REVIEW - 3,702RETRO EMERGENCY ROOM REVIEW - 45,514RETRO INPATIENT REVIEW - 33,372OUT OF STATE - 92EMERGENCY MEDICAID NON-COVERED - 117EXTENSION OF BENEFIT/MOLECULAR PATHOLOGY REVIEW - 48,253MOLECULAR PATHOLOGY - 3,364ORGAN TRANSPLANT REVIEW - 59PVT OPTION REVIEWS - 18NICU -0THERAPY PERSONAL CARE - 0PRIVATE DUTY NURSING - 308SUSPENDED CLAIMS - 2,023AMBULANCE - 264EPSDT - 8LONG TERM CARE - 0FORMULA - 2MEDICAL SUPPLIES - 179APPEAL HEARINGS - 144
MEDICAID BENEFICIARY RELATIONS - A CONTRACT TO MAINTAIN ACTIVE FEEDBACK AND PROFESSIONAL RELATIONS WITH MEDICAID BENEFICIARIES. IT ALSO INCLUDES MAINTAINING A CALL SERVICE CENTER TO ASSIST INDIVIDUALS WITH MEDICAID AND PRIVATE OPTION COVERAGE. SURVEYS AND MONITORING OF THE NON-EMERGENCY TRANSPORTATION (NET) SERVICES ARE ADDITIONAL DELIVERABLES UNDER THIS CONTRACT. PROVIDER RELATIONS AND CONNECTCARE ACTIVITIES WERE ALSO ADDED TO THIS CONTRACT THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallace R Hanley Ceo/president | Officer | 39 | $398,546 |
Nathan Ray Senior VP Business Operations | Officer | 49 | $246,661 |
Marilyn Strickland Chief Operating Officer | Officer | 39 | $243,174 |
Phyllis Rogers Chief Financial Officer | Officer | 44 | $237,602 |
William Mason Associate Medical Director | 41.25 | $236,215 | |
Chad T Rodgers MD Chief Medical Officer | Officer | 26 | $218,036 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Client First Staffing Temporary Staffing | 6/29/22 | $2,840,966 |
V-k Group Inc Temporary Staffing | 6/29/22 | $11,668,312 |
Bluip Customer Relationship Mgmt | 6/29/22 | $1,749,538 |
Salesforcecom Inc Customer Relationship Mgmt | 6/29/22 | $608,303 |
Softchoice Corporation Customer Relationship Mgmt | 6/29/22 | $360,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,266,215 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,266,215 |
| Total Program Service Revenue | $21,022,630 |
| Investment income | $434,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,092 |
| Net Gain/Loss on Asset Sales | $181,346 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,008,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,629,389 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,442,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,412,108 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,899,103 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $328,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,378,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,161,937 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,637,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,049,968 |
| Net Land, buildings, and equipment | $6,427,256 |
| Investments—publicly traded securities | $13,541,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,817,634 |
| Accounts payable and accrued expenses | $3,217,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,217,960 |
| Net assets without donor restrictions | $35,599,674 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,817,634 |
Grants Awarded
Over the last fiscal year, Arkansas Foundation For Medical Care Inc has awarded $7,630 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ARKANSAS FOR MEDICAL SCIENCES PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
OUR HOUSE INC PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
CHILDREN'S EMERGENCY SHELTER PURPOSE: CHARITABLE CONTRIBUTION | $500 |
COMPREHENSIVE JUVENILE SERVICES PURPOSE: CHARITABLE CONTRIBUTION | $500 |
ARKANSAS FOODBANK NETWORK PURPOSE: CHARITABLE CONTRIBUTION | $500 |
ANTIOCH MISSIONARY BAPTIST PURPOSE: CHARITABLE CONTRIBUTION | $75 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Foundation For Medical Care Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Childrens Hospital Little Rock, AR PURPOSE: GENERAL SUPPORT | $8,000 |
Arkansas Childrens Hospital Little Rock, AR PURPOSE: GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Foundation For Medical Care Inc Fort Smith, AR | $38,817,634 | $50,008,157 |
American College Of Emergency Physicians Dallas, TX | $49,367,676 | $34,228,137 |
American Association Of Orthodontists St Louis, MO | $35,830,036 | $25,580,737 |
Texas Medical Association Austin, TX | $65,833,540 | $26,009,481 |
American Optometric Association Inc St Louis, MO | $41,380,476 | $25,369,492 |
Missouri Hospital Association Jefferson City, MO | $56,914,745 | $17,839,212 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
Texas Hospital Association Austin, TX | $43,054,266 | $12,318,652 |
American Academy Of Nurse Practitioners National Austin, TX | $57,378,377 | $17,128,839 |
Mississippi Hospital Association Madison, MS | $29,345,396 | $9,179,556 |
Louisiana Hospital Association Baton Rouge, LA | $30,214,425 | $7,576,001 |
Oklahoma Hospital Association Inc Oklahoma City, OK | $5,881,372 | $5,374,823 |