1st Choice Healthcare Inc
- Assets
- $35.3m
- Revenue
- $28.3m
- Investments
- $0.0
- Employees
- 207
- Location
- Corning, AR
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 71-0715998
Organization Overview
1st Choice Healthcare Inc is located in Corning, AR. The organization was established in 1992. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, 1st Choice Healthcare Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1st Choice Healthcare 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 06/2022, 1st Choice Healthcare Inc generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $22.5m during the year ending 06/2022. While expenses have increased by 9.6% 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
TO PROVIDE QUALITY AFFORDABLE PRIMARY HEALTHCARE TO NORTHEAST ARKANSAS WITHOUT REGARD TO FINANCIAL BARRIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GENERAL HEALTHCARE AS A FEDERALLY QUALIFIED HEALTH CENTER TO 22,015 PATIENTS WHO MET CERTAIN CRITERIA UNDER THE ORGANIZATION'S CHARITY CARE POLICY OR AT AMOUNTS LESS THAN ESTABLISHED RATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clinton Smith Physician | 40 | $348,937 | |
Juan Cazano Physician | 40 | $294,139 | |
Carrie Hunter Physician | 40 | $291,068 | |
Calixto Cazano Physician | 40 | $275,982 | |
Stacy Gibson Physician | 40 | $270,843 | |
Brigitte Mcdonald CEO | Officer | 40 | $174,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,122,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $293,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,415,895 |
| Total Program Service Revenue | $19,786,453 |
| Investment income | $94,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,200 |
| Net Gain/Loss on Asset Sales | $831 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,313,140 |
| 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. | $691,966 |
| Compensation of current officers, directors, key employees. | $691,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,256,292 |
| Pension plan accruals and contributions | $427,814 |
| Other employee benefits | $1,478,225 |
| Payroll taxes | $810,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $142,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,075,435 |
| Advertising and promotion | $115,319 |
| Office expenses | $844,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $317,251 |
| Travel | $117,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,624 |
| Interest | $93,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $396,495 |
| Insurance | $69,425 |
| All other expenses | $119,192 |
| Total functional expenses | $22,535,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,671,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,063,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $170,586 |
| Net Land, buildings, and equipment | $6,385,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $988,528 |
| Total assets | $35,278,818 |
| Accounts payable and accrued expenses | $1,876,525 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,750,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,627,373 |
| Net assets without donor restrictions | $31,651,445 |
| 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 | $35,278,818 |