Anson Regional Medical Services Inc
- Assets
- $3.7m
- Revenue
- $3.1m
- Investments
- $131.2k
- Employees
- 14
- Location
- Wadesboro, NC
- Founding
- 02/1993
- Data as of
- 05/2023
- EIN
- 56-1768044
Organization Overview
Anson Regional Medical Services Inc is located in Wadesboro, NC. The organization was established in 1993. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 05/2023, Anson Regional Medical Services Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anson Regional Medical Services 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 05/2023, Anson Regional Medical Services Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.9m during the year ending 05/2023. While expenses have increased by 3.2% 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
PROVIDE TOTAL QUALITY AND ACCESSIBLE COMMUNITY ORIENTED HEALTH CARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANSON REGIONAL MEDICAL SERVICES, INC. (ARMS) IS A 501 C(3), NORTH CAROLINA CORPORATION ESTABLISHED IN 1992. THE PRIMARY MISSION IS TO PROVIDE TOTAL QUALITY AND ACCESSIBLE COMMUNITY ORIENTED HEALTH CARE IN A FINANCIALLY SUSTAINABLE MANNER; DELIVERED IN A COMPASSIONATE, PERSON-FRIENDLY, CULTURALLY SENSITIVE ENVIRONMENT AND WHEN NECESSARY IN COLLABORATION WITH RELATED COMMUNITY AGENCIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwendolyn Reed CEO Ex Officio | Officer | 40 | $158,917 |
Bernard Sturdivant Treasurer | Officer | 1 | $0 |
Julia Bodden Secretary | Officer | 1 | $0 |
Hazel Seibles President | Officer | 1 | $0 |
Maxwell Huntley Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,489,628 |
| 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 | $2,489,628 |
| Total Program Service Revenue | $330,992 |
| Investment income | $125,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,055,033 |
| 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 | $845,619 |
| Pension plan accruals and contributions | $10,188 |
| Other employee benefits | $50,723 |
| Payroll taxes | $53,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,471 |
| Fees for services: Accounting | $22,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,400 |
| Advertising and promotion | $66,770 |
| Office expenses | $6,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,277 |
| Travel | $17,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $999 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,769 |
| Insurance | $34,683 |
| All other expenses | $78,740 |
| Total functional expenses | $1,926,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,082,926 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,408 |
| 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 | $3,045 |
| Net Land, buildings, and equipment | $1,346,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $131,237 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,684,699 |
| Accounts payable and accrued expenses | $228,891 |
| 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 | $228,891 |
| Net assets without donor restrictions | $3,455,808 |
| 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 | $3,684,699 |