Baxter County Regional Hospital Inc
- Assets
- $242.1m
- Revenue
- $280.5m
- Investments
- $0.0
- Employees
- 2,406
- Location
- Mountain Home, AR
- Founding
- 07/1982
- Data as of
- 12/2021
- EIN
- 71-0561765
Organization Overview
Baxter County Regional Hospital Inc, operating under the name Baxter Health, is located in Mountain Home, AR. The organization was established in 1982. 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 12/2022, Baxter Health employed 2,406 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baxter Health 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 12/2021, Baxter Health generated $280.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $272.4m during the year ending 12/2021. While expenses have increased by 6.4% 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.
Since 2018, Baxter Health has awarded 11 individual grants totaling $749,209. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BAXTER HEALTH'S MISSION IS TO PROVIDE COMPASSIONATE CARE BEYOND MEASURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAXTER HEALTH OFFERS OVER THIRTY SPECIALIZED SERVICES TO THE COMMUNITIES SERVED IN THE TWIN LAKES AREA. SEE SCHEDULE O FOR 2022 SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Cunningham Director | Trustee | 6 | $0 |
Sally Gilbert Secretary | OfficerTrustee | 6 | $0 |
Randy Hopper Chairman | OfficerTrustee | 6 | $0 |
Jason Lindsay Director | Trustee | 6 | $0 |
Healther Loftis Director | Trustee | 6 | $0 |
Steve Luelf Director | Trustee | 6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First In Service Hospitalist | 12/30/22 | $2,475,309 |
Baxter Emergency Group Pllc Er Physicians | 12/30/22 | $2,002,856 |
Medefis Consolidated Staffing | 12/30/22 | $9,333,485 |
Ar Anesthesia Assoc Anesthia | 12/30/22 | $1,446,864 |
Eclinical Works Billing Software Ser | 12/30/22 | $1,723,113 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,112,776 |
| Investment income | $1,080,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,601 |
| Net Gain/Loss on Asset Sales | $159,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $45,675 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $280,516,599 |
| Statement of Expenses | |
|---|---|
| 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. | $2,148,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,466,130 |
| Pension plan accruals and contributions | $2,685,587 |
| Other employee benefits | $15,269,187 |
| Payroll taxes | $7,344,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,952 |
| Fees for services: Accounting | $498,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,299,163 |
| Advertising and promotion | $403,482 |
| Office expenses | $1,987,536 |
| Information technology | $393,319 |
| Royalties | $0 |
| Occupancy | $7,670,692 |
| Travel | $794,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,887,158 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,426,085 |
| Insurance | $1,452,151 |
| All other expenses | $0 |
| Total functional expenses | $272,395,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $381,516 |
| Savings and temporary cash investments | $44,293,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,732,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,487,533 |
| Prepaid expenses and deferred charges | $1,781,256 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,145,068 |
| Total assets | $242,072,220 |
| Accounts payable and accrued expenses | $58,508,003 |
| Grants payable | $0 |
| Deferred revenue | $12,417,137 |
| Tax-exempt bond liabilities | $35,171,419 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,019,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,905 |
| Total liabilities | $129,156,968 |
| Net assets without donor restrictions | $112,915,252 |
| 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 |
| Total liabilities and net assets/fund balances | $112,915,252 |
Grants Awarded
Over the last fiscal year, Baxter County Regional Hospital Inc has awarded $605,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CENTRAL ARKANSAS CHAMBER FOUNDATION PURPOSE: GENERAL SUPPORT | $35,000 |
REAL LIFE CHURCH OF MTN HOME INC PURPOSE: GENERAL SUPPORT | $25,000 |
HOSPITAL DEVELOPMENT FOUNDATION PURPOSE: GENERAL SUPPORT | $545,000 |