Central Arkansas Radiation Therapy Institute Inc, operating under the name Carti, is located in Little Rock, AR. The organization was established in 1973. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, Carti employed 864 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carti 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 06/2021, Carti generated $270.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $272.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.7%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MULTIDISCIPLINARY ONCOLOGY SERVICES TO CANCER PATIENTS THROUGHOUT ARKANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR MORE THAN 40 YEARS, CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE INC. (CARTI) HAS BEEN SYNONYMOUS WITH CUTTING-EDGE, STATE OF THE ART CANCER CARE TREATMENT IN ARKANSAS. FROM ITS ORIGINS AS ONE OF THE NATION'S LEADING NETWORKS OF FREESTANDING, NOT-FOR-PROFIT RADIATION THERAPY PROVIDERS TO ITS MODERN EVOLUTION AS A COMPREHENSIVE CANCER CENTER, CARTI REMAINS COMMITTED TO ITS CORE MISSION OF PROVIDING THE FINEST QUALITY CANCER TREATMENT AND COMPASSIONATE PATIENT CARE WHILE ALSO CONTINUING TO IMPROVE OUR KNOWLEDGE THROUGH EDUCATION AND RESEARCH. CARTI FIRST OPENED ON APRIL 5, 1976 AS THE CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE ON THE CAMPUS OF ST. VINCENT INFIRMARY MEDICAL CENTER IN LITTLE ROCK. OPERATING AS AN INDEPENDENT NETWORK OF RADIATION THERAPY PROVIDERS, CARTI WOULD GROW TO INCLUDE TEN MORE SATELLITE LOCATIONS THROUGHOUT ARKANSAS. CONTINUED ON SCHEDULE O.CARTI WAS INCORPORATED IN 1970 AND OPENED ITS FIRST RADIATION THERAPY CENTER IN LITTLE ROCK ON APRIL 5, 1976. LITTLE ROCK HEMATOLOGY/ONCOLOGY (LRHO) BECAME PART OF CARTI ON DECEMBER 1, 2011. HEMATOLOGY ONCOLOGY SERVICES OF ARKANSAS (HOSA) JOINED THE CARTI NETWORK ON JANUARY 1, 2013. PHYSICIANS ON STAFF AT CARTI INCLUDE TWELVE MEDICAL ONCOLOGISTS, EIGHT RADIATION ONCOLOGISTS, THREE DIAGNOSTIC RADIOLOGISTS, ONE SURGICAL ONCOLOGIST, AND ONE INTERVENTIONAL ONCOLOGIST. CARTI HAS A STATEWIDE NETWORK OF SATELLITE CLINICS. MEDICAL ONCOLOGY IS OFFERED IN LITTLE ROCK, NORTH LITTLE ROCK, BENTON, CLINTON, CONWAY, EL DORADO, HEBER SPRINGS, RUSSELLVILLE AND STUTTGART. RADIATION ONCOLOGY IS OFFERED IN LITTLE ROCK, NORTH LITTLE ROCK, CONWAY MOUNTAIN HOME, AND SEARCY. RIBBON CUTTING CEREMONIES FOR THE CARTI CANCER CENTER - A NEW, 170,000 SQUARE FOOT, 90 MILLION MULTI-STORY COMPREHENSIVE TREATMENT FACILITY LOCATED IN LITTLE ROCK WERE CONDUCTED ON OCTOBER 16, 2015. SERVING AS THE ADMINISTRATIVE HUB OF THE CARTI NETWORK, THE CARTI CANCER CENTER IS LOCATED JUST SOUTH OF INTERSTATE 630 ON A 37.12-ACRE PLOT WITH EASY ACCESS TO I-630 TO ALLOW PATIENTS EASIER ACCESS TO FULLY INTEGRATED CANCER CARE. THE CARTI CANCER CENTER OFFICIALLY OPENED ITS DOORS AND BEGAN TREATING PATIENTS ON NOVEMBER 2, 2015. CARTI TREATS A WIDE VARIETY OF CANCERS, WITH THE THREE MOST WIDELY TREATED CANCERS BEING BREAST, LUNG AND COLORECTAL. AS THE LARGEST NOT-FOR-PROFIT NETWORK OF PRIVATE PRACTICE CANCER CARE SPECIALISTS IN ARKANSAS, CARTI CURRENTLY SEES AN ESTIMATED 30,000 PATIENTS PER YEAR. IN ADDITION TO UTILIZING LEADING-EDGE RADIATION THERAPY TO HELP THOSE ARKANSANS WHO ARE DIAGNOSED WITH CANCER, CARTI HAS A "RAY OF HOPE" NETWORK THAT EXISTS TO CARE FOR THE WHOLE PATIENT. FROM PUBLIC EDUCATION PROGRAMS LIKE CANCER ANSWERS; TO WELLNESS INITIATIVES LIKE MASSAGE THERAPY. THE RAY OF HOPE NETWORK PROVIDES A BROAD SCOPE OF ASSISTANCE TO MEET THE MANY AND DIVERSE NEEDS OF THOSE FIGHTING FOR THEIR LIVES, AS WELL AS HELPING THE FAMILY MEMBERS WHO SUPPORT THEM. AS PART OF THE RAY OF HOPE NETWORK, CARTI OFFERS A COMPREHENSIVE COUNSELING AND RESOURCE PROGRAM TO INFORM PATIENTS OF AVAILABLE RESOURCES. SOCIAL WORKERS ASSESS PATIENT NEED REQUESTS TO ASSIST HIM OR HER IN OBTAINING THE RESOURCES NECESSARY TO MAKE THEIR CANCER TREATMENT POSSIBLE. PATIENTS WHO QUALIFY FINANCIALLY ARE OFFERED ASSISTANCE IN THE AREAS OF LODGING AND TRANSPORTATION AS WELL AS FINANCIAL ASSISTANCE FOR PRESCRIPTION MEDICINES AND PERSONAL NEEDS AS THEY RELATE TO THEIR TREATMENT. DURING THE FISCAL YEAR, CARTI PATIENT ASSISTANCE REFERRALS WERE MADE TO MULTIPLE PATIENTS FOR THE FOLLOWING ASSISTANCE PROGRAMS: TRANSPORTATION, HOUSING, EMOTIONAL SUPPORT, THERAPEUTIC MASSAGE, DENTAL REFERRALS AND OTHER REFERRALS INCLUDING BUT NOT LIMITED TO MEDICINE, NUTRITION, TRANSLATION, ETC. CARTI IS COMMITTED TO ARKANSAS COMMUNITIES BY PROVIDING A TREMENDOUS NUMBER OF OUTREACH PROGRAMS AT NO COST TO PARTICIPANTS. CARTI PROVIDES MULTIPLE FUNCTIONS THROUGHOUT THE YEAR INCLUDING: THE CANCER ANSWERS EDUCATIONAL LUNCHEON IS OPEN TO THE COMMUNITY FOR FORMER PATIENTS AS WELL AS COMMUNITY MEMBERS TO ATTEND AND BECOME BETTER INFORMED ABOUT ISSUES RELATED TO CANCER. WEEKEND RETREATS ARE OFFERED AT NO COST EACH YEAR FOR CANCER PATIENTS AND THEIR FAMILIES TO LEARN COPING MECHANISMS, COMMUNICATION AND RESOURCE USE. THE CARTI KIDS PROGRAM IS A PROGRAM DESIGNED FOR PEDIATRIC CANCER SURVIVORS AND WILL ASSIST IN EMOTIONAL, PHYSICAL AND FINANCIAL CHALLENGES AS WELL AS PROVIDE EVENTS AND SCHOLARSHIPS TO THE PARTICIPATING CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Balan Nair MD Physician / Director | Trustee | 40 | $1,691,578 |
Kamal Patel MD Medical Oncology | 40 | $1,529,958 | |
Lawrence Mendelsohn MD Medical Oncology | 40 | $1,338,608 | |
Rhonda Gentry MD Physician / Director | Trustee | 40 | $1,179,116 |
Ryan Hall MD Medical Oncology | 40 | $1,127,881 | |
Thomas Sneed MD Medical Oncology | 40 | $1,116,773 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Radiation Oncology Associates Radiation Oncology | 6/29/21 | $7,367,420 |
Edafio Technologies Llc It Consulting | 6/29/21 | $2,908,408 |
Bradford Construction Construction | 6/29/21 | $1,043,779 |
Clark Contractors Llc Construction | 6/29/21 | $629,331 |
Unlimited Technology Systems Llc Revenue Cycle Management | 6/29/21 | $492,593 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,148,882 |
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 | $5,148,882 |
Total Program Service Revenue | $271,265,026 |
Investment income | $832,101 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$447,505 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $270,599,458 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $342,720 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $5,412,966 |
Compensation of current officers, directors, key employees. | $1,791,504 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $59,957,383 |
Pension plan accruals and contributions | $892,416 |
Other employee benefits | $4,388,938 |
Payroll taxes | $3,320,586 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $172,706 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $14,929,544 |
Advertising and promotion | $1,426,440 |
Office expenses | $672,147 |
Information technology | $4,150,868 |
Royalties | $0 |
Occupancy | $6,254,947 |
Travel | $346,395 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $203,029 |
Interest | $2,149,633 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,962,430 |
Insurance | $812,784 |
All other expenses | -$354,065 |
Total functional expenses | $272,061,541 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,588 |
Savings and temporary cash investments | $24,707,794 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $37,399,874 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $450,649 |
Inventories for sale or use | $7,107,344 |
Prepaid expenses and deferred charges | $4,861,940 |
Net Land, buildings, and equipment | $129,699,320 |
Investments—publicly traded securities | $56,726,907 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $10,235,820 |
Other assets | $27,840,495 |
Total assets | $299,034,731 |
Accounts payable and accrued expenses | $42,739,215 |
Grants payable | $0 |
Deferred revenue | $22,369,091 |
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 | $66,962,226 |
Unsecured mortgages and notes payable | $9,285,866 |
Other liabilities | $21,384,418 |
Total liabilities | $162,740,816 |
Net assets without donor restrictions | $129,715,936 |
Net assets with donor restrictions | $6,577,979 |
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 | $299,034,731 |
Over the last fiscal year, we have identified 1 grants that Central Arkansas Radiation Therapy Institute Inc has recieved totaling $54,500.
Awarding Organization | Amount |
---|---|
Arkansas Cancer Coalition Little Rock, AR | | $54,500 |
Beg. Balance | $6,197,315 |
Earnings | $694,693 |
Admin Expense | $94,388 |
Net Contributions | $3,220 |
Grants | $3,800,000 |
Ending Balance | $3,000,840 |
Organization Name | Assets | Revenue |
---|---|---|
Central Arkansas Radiation Therapy Institute Inc Little Rock, AR | $299,034,731 | $270,599,458 |
Mary Bird Perkins Cancer Center Baton Rouge, LA | $85,168,011 | $42,685,291 |
National Childrens Cancer Society Inc St Louis, MO | $10,588,169 | $40,039,752 |
The Rose Houston, TX | $16,831,916 | $15,429,968 |
Ut Southwestern Moncrief Cancer Center Fort Worth, TX | $34,033,245 | $10,388,679 |
Texas Research And Technology Foundation San Antonio, TX | $53,094,822 | $7,628,326 |
Ronald Mcdonald House Charities Of Memphis Inc Memphis, TN | $25,416,874 | $3,684,444 |
Cancer Care Services Fort Worth, TX | $4,958,692 | $3,102,585 |
Fight Colorectal Cancer Inc Springfield, MO | $4,461,667 | $2,518,270 |
United Cancer Support Foundation Knoxville, TN | $495,054 | $1,929,700 |
Cancer Services Of Greater Baton Rouge Inc Baton Rouge, LA | $3,899,817 | $1,875,699 |
Breast Cancer Resource Center Austin, TX | $1,272,763 | $1,841,487 |