North Arkansas Regional Medical Center
- Assets
- $103.7m
- Revenue
- $107.7m
- Investments
- $44.4m
- Employees
- 945
- Location
- Harrison, AR
- Founding
- 12/1996
- Data as of
- 03/2022
- EIN
- 71-0787860
Organization Overview
North Arkansas Regional Medical Center is located in Harrison, AR. The organization was established in 1996. 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 03/2022, North Arkansas Regional Medical Center employed 945 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Arkansas Regional Medical Center 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 03/2022, North Arkansas Regional Medical Center generated $107.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $105.0m during the year ending 03/2022. While expenses have increased by 2.2% 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
OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITY BY PROVIDING SAFE, QUALITY HEALTHCARE AND RESOURCES WITH COMPASSION AND INTEGRITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NARMC PROVIDED OVER 11,282 DAYS OF PATIENT CARE WITH 60.47% BEING PROVIDED TO MEDICARE AND MEDICAID PATIENTS. IN CONNECTION WITH THE PROVIDING OF CARE, NARMC WROTE OFF $201,281,306 OF CHARGES IN THE FORM OF CONTRACTUALS AND CHARITY EQUALING 68.2% OF TOTAL GROSS INCOME.
HOSPICE OF THE HILLS MISSION IS TO PROVIDE A SPECIAL KIND OF CARE DESIGNED TO PROVIDE SENSITIVITY AND SUPPORT FOR PEOPLE IN THE FINA PHASE OF A TERMINAL ILLNESS. WE SEEK TO ENABLE PATIENTS TO CARRY ON AN ALERT, PAIN-FREE LIFE AND TO MANAGE OTHER SYMPTOMS SO THAT THEIR LAST DAYS MAY BE SPENT WITH DIGNITY AND QUALITY. WE VIEW THE FAMILY, NOT JUST THE PATIENT AS THE UNIT OF CARE.
NARMC IS A CO-SPONSOR OF NORTH ARKANSAS PARTNERSHIP FOR HEALTH EDUCATION, INC. (A NOT-FOR-PROFIT CORPORATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Blake Chitsey Internist | 40 | $934,216 | |
Dr Thomas B Rosson Jr Internist | 40 | $845,905 | |
Dr Candice Marina-Devi Baldeo Oncologist | 40 | $758,790 | |
Dr Ross Halsted Doctor | 40 | $548,707 | |
Dr Andrew L Coble Surgeon | 40 | $441,674 | |
Vince Leist CEO Through 12/31/2021 | Officer | 40 | $430,727 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualivis Contract Labor | 3/30/22 | $7,235,337 |
Jjp Recruiting Llc Contract Labor | 3/30/22 | $596,379 |
Odyssey Staffing Contract Labor | 3/30/22 | $515,354 |
Ge Healthcare Service Contract | 3/30/22 | $573,718 |
360 Degree Medicine Llc Physician Er Service | 3/30/22 | $4,757,163 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $241,250 |
| Government grants | $10,989,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,231,332 |
| Total Program Service Revenue | $94,589,977 |
| Investment income | $738,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,109,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,685,242 |
| 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. | $1,531,491 |
| Compensation of current officers, directors, key employees. | $1,531,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,283,828 |
| Pension plan accruals and contributions | $1,092,239 |
| Other employee benefits | $3,062,363 |
| Payroll taxes | $2,791,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,416 |
| Fees for services: Accounting | $274,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,643,304 |
| Advertising and promotion | $117,677 |
| Office expenses | $3,457,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,160,210 |
| Travel | $310,362 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $708,427 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,892,817 |
| Insurance | $1,184,995 |
| All other expenses | $3,610,327 |
| Total functional expenses | $105,046,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,939,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,129,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,071 |
| Inventories for sale or use | $2,798,271 |
| Prepaid expenses and deferred charges | $922,252 |
| Net Land, buildings, and equipment | $31,384,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,405,472 |
| Investments—program-related | $213,000 |
| Intangible assets | $0 |
| Other assets | $2,719,478 |
| Total assets | $103,662,052 |
| Accounts payable and accrued expenses | $16,398,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,087,668 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,731,654 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,218,022 |
| Net assets without donor restrictions | $68,444,030 |
| 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 | $103,662,052 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Arkansas Regional Medical Center has recieved totaling $820.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |