Wood-Lawn Inc
- Assets
- $29.6m
- Revenue
- $13.5m
- Investments
- $610.9k
- Employees
- 257
- Location
- Batesville, AR
- Founding
- 08/1974
- Data as of
- 06/2023
- EIN
- 71-0363032
Organization Overview
Wood-Lawn Inc is located in Batesville, AR. The organization was established in 1974. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2023, Wood-Lawn Inc employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood-Lawn 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 06/2023, Wood-Lawn Inc generated $13.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $11.8m during the year ending 06/2023. While expenses have increased by 2.2% 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 QUALITY CARE IN A HOME SETTING TO ALL RESIDENTS WHO ENTER THE NURSING HOME. WE STRIVE TO MEET THE PHYSICAL, EMOTIONAL AND SPIRITUAL NEEDS OF EVERY RESIDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG TERM NURSING CARE FOR THE ELDERLY OR DISABLED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Herron Administrator | Officer | 40 | $127,052 |
Judy Belcher Administrator | Officer | 40 | $41,493 |
Landon Downing Member | Trustee | 1 | $0 |
Bill Walmsley Chairman | OfficerTrustee | 1 | $0 |
Terrell Tebbetts Secretary | OfficerTrustee | 1 | $0 |
Robin Brock Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $414,776 |
| 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 | $414,776 |
| Total Program Service Revenue | $12,834,582 |
| Investment income | $91,127 |
| 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 | $13,501,265 |
| 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. | $168,545 |
| Compensation of current officers, directors, key employees. | $168,545 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,956,448 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,130,967 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $601,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $941,251 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,777,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,187,124 |
| Savings and temporary cash investments | $2,654,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,028,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,072 |
| Prepaid expenses and deferred charges | $125,856 |
| Net Land, buildings, and equipment | $18,030,309 |
| Investments—publicly traded securities | $2,693,616 |
| Investments—other securities | $610,936 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $254,141 |
| Total assets | $29,608,388 |
| Accounts payable and accrued expenses | $768,694 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,371,801 |
| 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 | $254,143 |
| Total liabilities | $13,394,638 |
| Net assets without donor restrictions | $16,213,750 |
| 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 | $29,608,388 |