Chicot Memorial Medical Center
- Assets
- $19.4m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 197
- Location
- Lake Village, AR
- Founding
- 03/2010
- Data as of
- 03/2023
- 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 03/2023, Chicot Memorial Medical Center employed 197 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 03/2023, Chicot Memorial Medical Center generated $21.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $20.2m during the year ending 03/2023. While expenses have increased by 1.6% 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
2023
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, A PROVIDER-BASED DENTAL CLINIC AND A COMMUNITY BASED FITNESS CENTER, ALL ON A NOT-FOR-PROFIT BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Angel Chairman | Trustee | 1 | $0 |
Todd Potter Vice-Chairman | Trustee | 1 | $0 |
Linda Thomas Member | Trustee | 1 | $0 |
Dr Jp Burge Member | Trustee | 1 | $0 |
Bill Elliot Jr Member | Trustee | 1 | $0 |
Dino Sabbatini Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emergency Staffing Solutions Er Physicians | 3/30/23 | $948,500 |
Trilogy Revenue Cycle Solutions Billing & Coding Services | 3/30/23 | $481,101 |
American Cleaning Systems Housekeeping | 3/30/23 | $291,945 |
Nomad Anesthesia Contract Anesthesia | 3/30/23 | $230,000 |
Horne Lp Accounting Services | 3/30/23 | $198,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $731,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $698,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,429,811 |
| Total Program Service Revenue | $19,811,936 |
| Investment income | $53,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,960 |
| Net Gain/Loss on Asset Sales | $168,601 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,736,014 |
| 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. | $672,803 |
| Compensation of current officers, directors, key employees. | $672,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,446,025 |
| Pension plan accruals and contributions | $108,206 |
| Other employee benefits | $1,563,489 |
| Payroll taxes | $547,854 |
| 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 | $4,955,831 |
| Advertising and promotion | $17,194 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $526,776 |
| Travel | $99,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $575,457 |
| Insurance | $303,347 |
| All other expenses | $102,852 |
| Total functional expenses | $20,156,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,140,703 |
| Savings and temporary cash investments | $595,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,277,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $185,167 |
| Prepaid expenses and deferred charges | $166,293 |
| Net Land, buildings, and equipment | $6,582,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,496,165 |
| Total assets | $19,443,980 |
| Accounts payable and accrued expenses | $1,368,164 |
| 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 | $290,055 |
| Other liabilities | $3,061,659 |
| Total liabilities | $4,719,878 |
| Net assets without donor restrictions | $14,724,102 |
| 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 | $19,443,980 |