Arkansas Methodist Hospital Corporation
- Assets
- $61.7m
- Revenue
- $86.2m
- Investments
- $9.7m
- Employees
- 899
- Location
- Paragould, AR
- Founding
- 04/1951
- Data as of
- 06/2022
- EIN
- 71-0230218
Organization Overview
Arkansas Methodist Hospital Corporation, operating under the name Arkansas Methodist Medical Center, is located in Paragould, AR. The organization was established in 1951. 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 06/2022, Arkansas Methodist Medical Center employed 899 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Methodist 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 06/2022, Arkansas Methodist Medical Center generated $86.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $87.4m during the year ending 06/2022. While expenses have increased by 4.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMMC IS A COMMUNITY-FOCUSED ORGANIZATION THAT PROVIDES OVERALL LEADERSHIP FOR MEETING THE HEALTHCARE NEEDS OF PARAGOULD AND GREENE COUNTY, ARKANSAS, AS WELL AS SURROUNDING AREAS OF NORTHEAST ARKANSAS AND SOUTHEAST MISSOURI.CORE OF THE SERVICES OFFERED BY AMMC IS OUR GENERAL ACUTE CARE HOSPITAL, WHICH SAW OVER 3,000 INPATIENT DISCHARGES AND OVER 21,000 EMERGENCY ROOM VISITS IN FISCAL YEAR 2022. AMMC OPERATES ONE OF THE OLDEST HOME HEALTH AGENCIES IN THE STATE OF ARKANSAS, MAKING OVER 11,500 VISITS LAST YEAR. WE ALSO PROVIDE THE AMBULANCE SERVICE FOR GREENE COUNTY AND PORTIONS OF CLAY COUNTY. OUR AMBULANCES MADE OVER 7,200 RUNS IN FISCAL YEAR 2022.
Describe the Organization's Program Activity:
AMMC IS A COMMUNITY-FOCUSED ORGANIZATION THAT PROVIDES OVERALL LEADERSHIP FOR MEETING THE HEALTHCARE NEEDS OF PARAGOULD AND GREENE COUNTY, ARKANSAS, AS WELL AS SURROUNDING AREAS OF NORTHEAST ARKANSAS AND SOUTHEAST MISSOURI. IN RECOGNITION OF ITS UNIQUE ROLE, AMMC WAS DESIGNATED A RURAL REFERRAL CENTER BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES IN AUGUST 2004. AMMC IS THE ONLY HOSPITAL IN GREENE COUNTY, ARKANSAS, AND PROVIDES A SIGNIFICANT AMOUNT OF CARE AND SERVICE TO INDIGENT PATIENTS COVERED BY THE MEDICAID PROGRAM AS WELL AS OTHER UNINSURED AND UNDERINSURED PATIENTS. AS A RESULT, AMMC IS IDENTIFIED AS A DISPROPORTIONATE SHARE HOSPITAL BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES.DURING FISCAL YEAR 2022, AMMC DISCHARGED 3,001 ADULT AND PEDIATRIC INPATIENTS AND DELIVERED 319 NEWBORNS. THERE WERE APPROXIMATELY 68,501 OUTPATIENT VISITS RANGING FROM OUTPATIENT SURGERY AND CARDIAC CATH LAB PROCEDURES TO DIAGNOSTIC RADIOLOGY AND LABORATORY VISITS. IN ADDITION, OUR EMERGENCY ROOM SAW 21,130 VISITS LAST YEAR AND OUR HOME HEALTH AGENCY MADE 11,599 VISITS. THE AMMC AMBULANCE SERVICE, WITH BASES IN PARAGOULD, CORNING AND RECTOR, MADE 7,205 RUNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Justin Mcgarity Board Member | Trustee | 1 | $0 |
Amy Adams Board Member | Trustee | 1 | $0 |
Blaine Nunn Board Member | Trustee | 1 | $0 |
Josh Agee Board Member | Trustee | 1 | $0 |
Dr Terri Green Chief Of Staff Non-Voting | Trustee | 1 | $0 |
Dr Joel Epperson Board Member/medical Staff Rep | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Diagnostic Testing | 6/29/22 | $2,130,006 |
Arkansas Hospitalist Partners Physician Services | 6/29/22 | $848,196 |
Anesthesia Associates Of Paragould Arka Anesthesia Services | 6/29/22 | $577,500 |
East Arkansas Emergency Physicians Er Physician Services | 6/29/22 | $489,696 |
Keith Perdue Dream Works Anesthesia | 6/29/22 | $283,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,211 |
| Government grants | $5,587,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,654,311 |
| Total Program Service Revenue | $78,580,416 |
| Investment income | $324,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,151 |
| Net Gain/Loss on Asset Sales | $42,961 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,151,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,292 |
| 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. | $351,311 |
| Compensation of current officers, directors, key employees. | $351,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,132,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,064,740 |
| Payroll taxes | $2,397,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $178,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,925,803 |
| Advertising and promotion | $89,206 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,817,749 |
| Travel | $159,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $702,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,145,966 |
| Insurance | $711,103 |
| All other expenses | $495,476 |
| Total functional expenses | $87,412,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,227,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,087,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,598,866 |
| Prepaid expenses and deferred charges | $1,549,504 |
| Net Land, buildings, and equipment | $20,951,490 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,669,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,644,246 |
| Total assets | $61,728,470 |
| Accounts payable and accrued expenses | $6,953,838 |
| 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 | $14,300,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,768 |
| Total liabilities | $21,256,849 |
| Net assets without donor restrictions | $40,471,621 |
| 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 | $61,728,470 |