Chicot Memorial Medical Center
- Assets
- $20.7m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 213
- Location
- Lake Village, AR
- Founding
- 03/2010
- Data as of
- 03/2022
- EIN
- 38-3807713
Organization Overview
Chicot Memorial Medical Center is located in Lake Village, AR. The organization was established in 2010. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2022, Chicot Memorial Medical Center employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicot Memorial Medical Center 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 03/2022, Chicot Memorial Medical Center generated $22.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $19.9m during the year ending 03/2022. While expenses have increased by 1.6% 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
TO PROVIDE CONVENIENT, QUALITY HEALTHCARE TO EVERYONE IN A CARING, EFFICIENT AND FINANCIALLY RESPONSIBLE MANNER THAT WILL ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY, TO PROMOTE COMMUNITY WELLNESS; AND, TO DO SO WITH COMPASSION, DIGNITY, AND RESPECT FOR THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHICOT MEMORIAL MEDICAL CENTER IS A PRIVATE, NOT-FOR-PROFIT CORPORATION OPERATING A 25-BED CRITICAL ACCESS HOSPITAL IN LAKE VILLAGE, CHICOT COUNTY, ARKANSAS. IN ADDITION TO THE 25 ACUTE CARE BEDS, CMMC ALSO OPERATES A PROVIDER BASED HEALTH CLINIC WITH ONE PHYSICIAN IN THE CLINIC THAT SPECIALIZES IN GENERAL SURGERY. ADDITIONALLY, CMMC OPERATES A HOME HEALTH AGENCY, AND A COMMUNITY BASED FITNESS CENTER, ALL ON A NOT-FOR-PROFIT BASIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bradley Mayfield Surgeon / Chief Medical Officer | Officer | 80 | $372,687 |
Haley Burson Dentist | 80 | $205,334 | |
John Heard CEO | Officer | 80 | $155,793 |
Lajuan M Scales Cno | Officer | 80 | $113,555 |
Misty Rogers Cco - Part Year | Officer | 40 | $61,527 |
Shirley Catalani Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Staffing Solutions Er Physicians | 3/30/22 | $875,500 |
American Cleaning Systems Housekeeping | 3/30/22 | $285,138 |
Qualivis Llc Contract Rt/lab Services | 3/30/22 | $339,315 |
Trilogy Revenue Cycle Solutions Billing & Coding Services | 3/30/22 | $388,296 |
Nomad Anesthesia Contract Anesthesia | 3/30/22 | $230,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,307,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,495,122 |
| Total Program Service Revenue | $19,262,358 |
| Investment income | $41,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,010 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,104,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $306 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $703,562 |
| Compensation of current officers, directors, key employees. | $703,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,054,893 |
| Pension plan accruals and contributions | $98,624 |
| Other employee benefits | $1,315,904 |
| Payroll taxes | $512,093 |
| 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 | $5,003,097 |
| Advertising and promotion | $1,235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $718,497 |
| Travel | $68,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,438 |
| Insurance | $198,211 |
| All other expenses | $52,858 |
| Total functional expenses | $19,859,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,779,632 |
| Savings and temporary cash investments | $592,419 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,941,085 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $208,919 |
| Prepaid expenses and deferred charges | $111,700 |
| Net Land, buildings, and equipment | $3,772,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,288,212 |
| Total assets | $20,694,512 |
| Accounts payable and accrued expenses | $6,269,729 |
| 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 | $500,083 |
| Other liabilities | $780,000 |
| Total liabilities | $7,549,812 |
| Net assets without donor restrictions | $13,144,700 |
| 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 | $20,694,512 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chicot Memorial Medical Center has recieved totaling $14,296.
| Awarding Organization | Amount |
|---|---|
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $7,148 |
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $7,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Louisiana Health Services Inc DeRidder, LA | $16,426,615 | $49,100,434 |
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Clay County Medical Corporation Tupelo, MS | $32,451,174 | $44,137,468 |
Crossett Health Foundation Crossett, AR | $23,564,892 | $43,338,638 |
Pemiscot County Memorial Hospital Hayti, MO | $28,407,411 | $42,371,229 |
Baptist Memorial Hospital Union City Inc Union City, TN | $31,676,994 | $42,978,738 |
Ouachita County Medical Center Camden, AR | $29,140,039 | $41,190,391 |