Howard Memorial Hospital
- Assets
- $36.1m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 296
- Location
- Nashville, AR
- Founding
- 08/1987
- Data as of
- 09/2021
- EIN
- 71-0644637
Organization Overview
Howard Memorial Hospital is located in Nashville, AR. The organization was established in 1987. 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 09/2021, Howard Memorial Hospital employed 296 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard Memorial Hospital 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 09/2021, Howard Memorial Hospital generated $36.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $31.8m during the year ending 09/2021. While expenses have increased by 9.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HMH MISSION STATEMENT IS "IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE". HMH VISION IS "TO BE THE RESPECTED HEALTHCARE LEADER PROVIDING SERVICE EXCELLENCE TO SOUTHWEST ARKANSAS".
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOWARD MEMORIAL HOSPITAL IS CLASSIFIED AS A 20-BED CRITICAL ACCESS HOSPITAL AND PROVIDES ACUTE AND SWING BED SERVICES. THE HOSPITAL PROVIDES MEDICAL CARE TO RESIDENTS OF SOUTHWESTERN ARKANSAS. THIS CARE INCLUDED APPROXIMATELY 2,438 INPATIENT DAYS OF CARE, AS WELL AS 30,775 OUTPATIENT VISITS AND 9,673 EMERGENCY DEPARTMENT VISITS, TO BENEFIT THE POOR AND ELDERLY IN THE COMMUNITY, THE HOSPITAL PARTICIPATED IN MEDICARE AND MEDICAID PROGRAMS. 1,321 DAYS OF CARE WERE PROVIDED TO PARTICIPANTS IN THESE PROGRAMS. ADDITIONALLY, HMH PROVIDED CARE FOR 376 SWING BED PATIENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chinedu Ede Physician | 40 | $375,120 | |
John Hearnsberger MD Member | Trustee | 40 | $311,285 |
Charles Caldwell Physician | 40 | $225,767 | |
Debra Wright CEO | Officer | 40 | $211,402 |
William Craig CFO | Officer | 40 | $163,713 |
Sifau Y Oladipo Physician | 40 | $160,980 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Hearnsberger Md Surgeon | 9/29/21 | $311,285 |
Luis Barandiaran Md Surgeon | 9/29/21 | $257,029 |
Wound Care Specialists Wound Care Services | 9/29/21 | $535,625 |
Meriplex Solutions Llc Cyber Security | 9/29/21 | $341,601 |
Mark E Sutherland Md Surgeon | 9/29/21 | $112,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,533,609 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,682 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,556,291 |
| Total Program Service Revenue | $29,879,486 |
| Investment income | $494,229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,200 |
| 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 | $36,013,047 |
| 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. | $686,400 |
| Compensation of current officers, directors, key employees. | $375,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,486,105 |
| Pension plan accruals and contributions | $160,954 |
| Other employee benefits | $1,204,736 |
| Payroll taxes | $910,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,513 |
| Fees for services: Accounting | $73,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $605,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,981,405 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,751,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,659,904 |
| Savings and temporary cash investments | $1,213,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,986,432 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $488,595 |
| Prepaid expenses and deferred charges | $271,354 |
| Net Land, buildings, and equipment | $17,133,902 |
| Investments—publicly traded securities | $2,270,155 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,587 |
| Total assets | $36,111,251 |
| Accounts payable and accrued expenses | $2,288,989 |
| Grants payable | $0 |
| Deferred revenue | $3,452,330 |
| 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 | $2,484,627 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,225,946 |
| Net assets without donor restrictions | $16,887,763 |
| Net assets with donor restrictions | $10,997,542 |
| 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 | $36,111,251 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Howard Memorial Hospital has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Texas Health Presbyterian Hospital Allen Allen, TX | $120,470,783 | $134,687,465 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Scott & White Hospital-Marble Falls Dallas, TX | $136,173,748 | $124,570,042 |
Ascension Via Christi Hospital Pittsburg Inc St Louis, MO | $71,765,236 | $104,056,265 |
North Arkansas Regional Medical Center Harrison, AR | $103,662,052 | $107,685,242 |
Kings Daughters Medical Center Brookhaven, MS | $101,461,716 | $104,156,146 |
St Marys Hospital St Louis, MO | $116,545,110 | $120,225,742 |
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
Baylor Scott & White Medical Center - Centennial Dallas, TX | $137,105,077 | $106,216,316 |