Baxter Regional Health System
- Assets
- $14.1m
- Revenue
- $12.8m
- Investments
- $0.0
- Employees
- 2,481
- Location
- Mountain Home, AR
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 30-0650211
Organization Overview
Baxter Regional Health System is located in Mountain Home, AR. The organization was established in 2012. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2022, Baxter Regional Health System employed 2,481 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baxter Regional Health System 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 12/2022, Baxter Regional Health System generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $19.2m during the year ending 12/2022. While expenses have increased by 46.6% per year over the past 8 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
TO OPERATE FOR THE BENEFIT OF, PERFORM THE FUNCTIONS OF AND/OR CARRY OUT THE PURPOSES OF BAXTER COUNTY REGIONAL HOSPITAL & OTHER HEALTHCARE ORGANIZATIONS WHICH ARE HOSPITALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE FOR THE BENEFIT OF, PERFORM THE FUNCTIONS OF AND/OR CARRY OUT THE PURPOSES OF BAXTER COUNTY REGIONAL HOSPITAL AND OTHER HEALTH CARE ORGANIZATIONS WHICH ARE HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Sanders Director | Trustee | 1 | $0 |
Heather Loftis Director | Trustee | 1 | $0 |
Stephen Luelf Director | Trustee | 1 | $0 |
Sally Gilbert Secretary | OfficerTrustee | 1 | $0 |
Jerry Don Cunningham Director | Trustee | 1 | $0 |
Jason Lindsay Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Billing Specialists Inc Billing | 12/30/22 | $294,633 |
Waypoint Health Care Advisors Consulting | 12/30/22 | $244,907 |
Caravan Health Inc Consulting | 12/30/22 | $243,684 |
Eclinicalworks Llc Billing | 12/30/22 | $334,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,383 |
| 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 | $384,383 |
| Total Program Service Revenue | $12,343,784 |
| Investment income | $11,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,820,136 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,600,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,320,559 |
| Payroll taxes | $204,862 |
| 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 | $1,572,418 |
| Advertising and promotion | $22,233 |
| Office expenses | $123,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,282,968 |
| Travel | $46,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $297,183 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,198 |
| Insurance | $137,642 |
| All other expenses | $117,792 |
| Total functional expenses | $19,212,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,604 |
| Savings and temporary cash investments | $55,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $947,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $416,176 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,613,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $229,522 |
| Intangible assets | $0 |
| Other assets | $11,311 |
| Total assets | $14,130,267 |
| Accounts payable and accrued expenses | $144,006 |
| Grants payable | $0 |
| Deferred revenue | $181,000 |
| 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 | $8,697,019 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,836,989 |
| Total liabilities | $11,859,014 |
| Net assets without donor restrictions | $2,271,253 |
| 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 | $14,130,267 |