Washington Reginal Medical System
- Assets
- $43.6m
- Revenue
- $97.9m
- Investments
- $0.0
- Employees
- 897
- Location
- Fayetteville, AR
- Founding
- 05/1989
- Data as of
- 12/2023
- EIN
- 71-0664686
Organization Overview
Washington Reginal Medical System is located in Fayetteville, AR. The organization was established in 1989. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Washington Reginal Medical System employed 897 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Reginal Medical System 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 12/2023, Washington Reginal Medical System generated $97.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $154.4m during the year ending 12/2023. While expenses have increased by 5.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND ERH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWENTY SIX SPECIALTY CLINICS EMPLOY 77 PHYSICIANS AND 63 APN'S/PA'S FOCUSED ON SENIOR HEALTH, NEUROSURGERY, PAIN MANAGEMENT, UROLOGY, RADIOLOGY SERVICES, INTERNAL MEDICINE, AND CARDIAC SERVICES. THESE CLINICS PROVIDED SERVICES OF 834,222 RELATIVE VALUE UNITS IN 2023. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.
FOUR WOMEN'S CLINCS, A NEONTOLOGY GROUP AND PEDIATRIC HOSPITALISTS GROUP EMPLOY 15 PHYSICIANS AND 2 APN/PA FOCUSED ON WOMEN'S AND INFANT'S HEALTH PROVIDING SERVICES OF 95,620 RELATIVE VALUE UNITS IN 2023. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.
TWO DIAGNOSTIC CLINICS EMPLOY 39 PHYSICIANS AND 11 APN'S/PA'S. THESE CLINICS PROVIDED SERVICES OF 258,983 RELATIVE VALUE UNITS IN 2023. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.
SEVEN FAMILY MEDICAL CLINICS EMPLOY 18 PHYSICIANS AND 7 APN'S/PA'S FOCUSED ON GENERAL HEALTH CARE NEEDS PROVIDING SERVICES OF 100,507 RELATIVE VALUE UNITS IN 2023. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 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 |
|---|---|---|
University Of Arkansas For Medical Sciences Contracted Services | 12/30/23 | $1,179,593 |
Medical Association Of Nwa Contracted Services | 12/30/23 | $333,376 |
H & S Janitorial Services Llc Contracted Services | 12/30/23 | $291,540 |
Mscb Inc Contracted Services | 12/30/23 | $691,759 |
Virtual Radiologic Corp Rad After Hours Coverage | 12/30/23 | $1,118,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,448,798 |
| 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 | $2,448,798 |
| Total Program Service Revenue | $95,376,111 |
| Investment income | $63,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,857,102 |
| 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. | $216,086 |
| Compensation of current officers, directors, key employees. | $20,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,998,017 |
| Pension plan accruals and contributions | $1,783,887 |
| Other employee benefits | $4,994,245 |
| Payroll taxes | $4,771,859 |
| Fees for services: Management | $45,107 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $131,693 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,007,158 |
| Advertising and promotion | $53,669 |
| Office expenses | $653,076 |
| Information technology | $145,323 |
| Royalties | $0 |
| Occupancy | $7,702,536 |
| Travel | $89,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,935,935 |
| Insurance | $915,811 |
| All other expenses | $1,358,909 |
| Total functional expenses | $154,392,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,133,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $286,286 |
| Prepaid expenses and deferred charges | $620,839 |
| Net Land, buildings, and equipment | $10,243,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $97,193 |
| Intangible assets | $0 |
| Other assets | $20,248,015 |
| Total assets | $43,629,806 |
| Accounts payable and accrued expenses | $12,378,703 |
| Grants payable | $0 |
| Deferred revenue | $1,905,266 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,186,451 |
| Total liabilities | $34,470,420 |
| Net assets without donor restrictions | $9,159,386 |
| 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 | $43,629,806 |