White River Health System Inc
- Assets
- $249.9m
- Revenue
- $291.7m
- Investments
- $0.0
- Employees
- 2,374
- Location
- Batesville, AR
- Founding
- 10/1969
- Data as of
- 09/2022
- EIN
- 71-0411459
Organization Overview
White River Health System Inc is located in Batesville, AR. The organization was established in 1969. 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 09/2023, White River Health System Inc employed 2,374 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White River Health System 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 09/2022, White River Health System Inc generated $291.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $295.3m during the year ending 09/2022. While expenses have increased by 5.9% 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
WRHS MISSION IS TO PROVIDE QUALITY HEALTHCARE AND IMPROVE THE HEALTH OF OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHITE RIVER HEALTH SYSTEM, INC. IS A MULTIDIMENSIONAL PROVIDER OF HEALTHCARE SERVICES PRIMARILY TO THE RESIDENTS OF NORTH CENTRAL ARKANSAS. THE NOT-FOR-PROFIT ORGANIZATION OPERATES TWO HOSPITALS; WHITE RIVER MEDICAL CENTER WHICH IS AN ACUTE CARE HOSPITAL PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY CARE TO THE RESIDENT OF INDEPENDENCE COUNTY AND SURROUNDING AREAS AND STONE COUNTY MEDICAL CENTER WHICH IS A CRITICAL ACCESS HOSPITAL PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES FOR THE RESIDENTS OF STONE COUNTY AND SURROUNDING AREAS. THE SYSTEM ALSO INCLUDES OUTPATIENT FACILITIES, PRIMARY CARE AND SPECIALTY PHYSICIAN OFFICES, MEDICAL OFFICE BUILDINGS, AND WHITE RIVER HEALTH SYSTEM FOUNDATION, INC., WHICH PROVIDES SUPPORT FOR FURTHERING THE PURPOSE AND PROMOTING THE ACTIVITIES OF THE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Independence Emergency Physicians Pllc Physician | 9/29/23 | $7,767,662 |
North Arkansas Pain Management Physician | 9/29/23 | $3,605,696 |
Wil-bry Construction Construction | 9/29/23 | $1,416,616 |
John Taylor Iii Md Physician | 9/29/23 | $549,993 |
Batesville Cardiology Pa Physician | 9/29/23 | $427,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $150,569 |
| Government grants | $12,371,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $577,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,100,331 |
| Total Program Service Revenue | $275,463,982 |
| Investment income | $1,263,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,657 |
| Net Gain/Loss on Asset Sales | $171,251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,657,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,475 |
| 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. | $3,369,778 |
| Compensation of current officers, directors, key employees. | $3,369,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,756,907 |
| Pension plan accruals and contributions | $2,517,952 |
| Other employee benefits | $19,312,629 |
| Payroll taxes | $8,017,250 |
| Fees for services: Management | $136 |
| Fees for services: Legal | $11,464 |
| Fees for services: Accounting | $302,029 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,949,836 |
| Advertising and promotion | $526,133 |
| Office expenses | $1,689,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,175,215 |
| Travel | $257,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $503,628 |
| Interest | $1,318,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,961,325 |
| Insurance | $1,739,317 |
| All other expenses | $3,421,778 |
| Total functional expenses | $295,318,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,085,466 |
| Savings and temporary cash investments | $30,533,956 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,589,719 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,286,163 |
| Prepaid expenses and deferred charges | $2,260,429 |
| Net Land, buildings, and equipment | $101,988,906 |
| Investments—publicly traded securities | $35,820,238 |
| Investments—other securities | $0 |
| Investments—program-related | $1,414,938 |
| Intangible assets | $0 |
| Other assets | $29,914,152 |
| Total assets | $249,893,967 |
| Accounts payable and accrued expenses | $23,686,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,634,243 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,897,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,554,125 |
| Total liabilities | $67,771,985 |
| Net assets without donor restrictions | $182,121,982 |
| 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 | $249,893,967 |