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Nonprofiteer
← WASHINGTON REGINAL MEDICAL SYSTEM

Form 990 for tax year 2022

Filed by WASHINGTON REGINAL MEDICAL SYSTEM.

Totals

Total revenue
$89,140,267
Total expenses
$141,962,314
Contributions and grants received
$2,162,772
Grants paid
$0
Program service revenue
$87,137,357
Investment income
-$159,862
Other revenue
$0
Total assets, end of year
$47,014,301
Total liabilities, end of year
$37,719,654
Net assets or fund balances, end of year
$9,294,647
Program services expenses (Part IX)
$120,929,878
Management and general expenses
$21,032,436
Fundraising expenses
$0
Program service expenses (Part III)
$120,929,878

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,162,772

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $74,877,825 · related or exempt $74,877,825

  • 2b · Program service revenue: SUBISIDIZED SERVICES REVENUE

    total $8,147,071 · related or exempt $8,147,071

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $4,112,579 · related or exempt $4,112,579

  • 2d · Program service revenue: LOSS IN EQUITY INVESTEE

    total -$118 · related or exempt -$118

  • 3 · Investment income

    total $66,000 · excluded $66,000

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $102,702

  • 7b · Less cost or other basis and sales expenses

    other assets $328,564

  • 7c · Gain or loss

    other assets -$225,862

  • 7d · Net gain or loss

    total -$225,862 · excluded -$225,862

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $106,253,392 · program services $90,511,413 · management and general $15,741,979

  • 8 · Pension plan contributions

    total $2,867,492 · program services $2,442,659 · management and general $424,833

  • 9 · Other employee benefits

    total $4,988,750 · program services $4,249,641 · management and general $739,109

  • 10 · Payroll taxes

    total $4,584,292 · program services $3,905,106 · management and general $679,186

  • 11a · Fees: management

    total $44,696 · program services $38,074 · management and general $6,622

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $131,693 · program services $112,182 · management and general $19,511

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,146,802 · program services $2,680,587 · management and general $466,215 · fundraising $0

  • 12 · Advertising and promotion

    total $267,284 · program services $227,685 · management and general $39,599

  • 13 · Office expenses

    total $971,881 · program services $827,892 · management and general $143,989

  • 14 · Information technology

    total $129,222 · program services $110,077 · management and general $19,145

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,272,949 · program services $6,195,425 · management and general $1,077,524

  • 17 · Travel

    total $75,425 · program services $64,250 · management and general $11,175

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,627,523 · program services $1,386,397 · management and general $241,126

  • 23 · Insurance

    total $864,310 · program services $736,258 · management and general $128,052

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $4,185,558 · program services $3,565,446 · management and general $620,112

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $3,199,808 · program services $2,725,740 · management and general $474,068

  • 24c · Other expenses: LICENSES & FEES

    total $470,643 · program services $400,915 · management and general $69,728

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $441,209 · program services $375,842 · management and general $65,367

  • 24e · All other expenses

    total $439,385 · program services $374,289 · management and general $65,096

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$463,111 · end of year $371,985

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $8,723,570 · end of year $11,374,267

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $538,107 · end of year $439,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,269,892 · end of year $817,043

  • 10a · Land, buildings and equipment: cost or other basis

    $19,769,817

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,311,039

  • 10c · Land, buildings and equipment, net

    beginning of year $4,353,287 · end of year $9,458,778

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $97,248

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $20,425,231 · end of year $24,455,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,351,502 · end of year $13,225,825

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $1,964

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $20,378,780 · end of year $24,491,865

  • 27 · Net assets without donor restrictions

    beginning of year $2,116,694 · end of year $9,294,647

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND EUREKA REGIONAL HEALTH. IN ADDITION, VARIOUS MEMBERS OF MANAGEMENT SERVE IN THE SUPERVISORY ROLES FOR THE SUBSIDIARY ENTITIIES. THROUGH OVERSIGHT OF THE BOARD OF DIRECTORS AND THE GUIDANCE OF VARIOUS MEMBERS OF MANAGEMENT, WRMS PROVIDES SERVICES FOR THESE SUBSIDIARY COMPANIES TO UTILIZE IN ORDER TO ACCOMPLISH THEIR TAX-EXEMPT PURPOSE OF PROVIDING HEALTHCARE TO RESIDENTS OF THE NORTHWEST ARKANSAS AREA. IN ADDITION, WRMS OPERATES PHYSICINA CLINICS PROVIDING PRIMARY CARE, SPECIALTY CARE, AND HOSPITAL-BASED CARE, E.G. HOSPITALISTS AND EMERGENCY CARE.

Activities or mission (Part I)

WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND ERH.

  • TWENTY FIVE SPECIALTY CLINICS EMPLOY 80 PHYSICIANS AND 58 APN'S/PA'S FOCUSED ON SENIOR HEALTH, NEUROSURGERY, PAIN MANAGEMENT, UROLOGY, RADIOLOGY SERVICES, INTERNAL MEDICINE, AND CARDIAC SERVICES. THESE CLINICS PROVIDED SERVICES OF 761,171 RELATIVE VALUE UNITS IN 2022. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $75,739,621 · Revenue $54,575,019

  • THREE DIAGNOSTIC CLINICS EMPLOY 34 PHYSICIANS AND 11 APN'S/PA'S. THESE CLINICS PROVIDED SERVICES OF 256,746 RELATIVE VALUE UNITS IN 2022. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILLITY TO PAY.

    Expenses $20,436,065 · Revenue $14,725,432

  • SEVEN FAMILY MEDICAL CLINICS EMPLOY 16 PHYSICIANS AND 8 APN'S/PA'S FOCUSED ON GENERAL HEALTH CARE NEEDS PROVIDING SERVICES OF 101,953 RELATIVE VALUE UNITS IN 2022. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $15,922,388 · Revenue $11,473,052

  • FOUR WOMENS CLINICS, A NEONATOLOGY GROUP

    Expenses $8,831,804 · Revenue $6,363,854

  • AND PEDIATRIC HOSPITALISTS GROUP EMPLOY

  • 14 PHYSICIANS AND 1 APN/PA FOCUSED ON

  • WOMEN'S AND INFTANS' HEALTH PROVIDING

  • SERVICES OF 94,052 RELATIVE VALUE UNITS

  • IN 2022. PATIENTS RECEIVE TREATMENT

  • REGARDLESS OF ABILLITY TO PAY.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shaun Senter

    PHYSICIAN

    Total calculated
    $1,813,909
    From this org
    $0
    From related orgs
    $1,788,208
    Other
    $25,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $481,700 related
    Bonus
    $0 + $1,291,587 related
    Other
    $0 + $14,921 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,451 related
    Filer's total
    $0 + $1,813,909 related

  • Larry Armstrong

    PHYSICIAN

    Total calculated
    $1,676,180
    From this org
    $0
    From related orgs
    $1,650,175
    Other
    $26,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $985,224 related
    Bonus
    $0 + $656,251 related
    Other
    $0 + $8,700 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,755 related
    Filer's total
    $0 + $1,676,180 related

  • Boris Bogomilov

    PHYSICIAN

    Total calculated
    $1,304,471
    From this org
    $0
    From related orgs
    $1,277,682
    Other
    $26,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $456,499 related
    Bonus
    $0 + $809,647 related
    Other
    $0 + $11,536 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $11,539 related
    Filer's total
    $0 + $1,304,471 related

  • Daniel Shepherd

    PHYSICIAN

    Total calculated
    $1,267,505
    From this org
    $0
    From related orgs
    $1,239,244
    Other
    $28,261
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $913,000 related
    Bonus
    $0 + $324,005 related
    Other
    $0 + $2,239 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $13,011 related
    Filer's total
    $0 + $1,267,505 related

  • Zubair Ahmed

    PHYSICIAN

    Total calculated
    $1,255,780
    From this org
    $0
    From related orgs
    $1,228,980
    Other
    $26,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $487,125 related
    Bonus
    $0 + $738,033 related
    Other
    $0 + $3,822 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $11,550 related
    Filer's total
    $0 + $1,255,780 related

  • Larry Shackelford

    President & CEO

    Total calculated
    $1,038,452
    From this org
    $0
    From related orgs
    $1,014,949
    Other
    $23,503
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $741,018 related
    Bonus
    $0 + $65,963 related
    Other
    $0 + $207,968 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $8,253 related
    Filer's total
    $0 + $1,038,452 related

  • Thomas Olmstead

    SVP & GENERAL COUNSEL

    Total calculated
    $587,651
    From this org
    $0
    From related orgs
    $561,575
    Other
    $26,076
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,482 related
    Bonus
    $0 + $35,125 related
    Other
    $0 + $78,968 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,826 related
    Filer's total
    $0 + $587,651 related

  • Daniel Eckels

    SVP & CFO

    Total calculated
    $553,157
    From this org
    $0
    From related orgs
    $527,091
    Other
    $26,066
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,187 related
    Bonus
    $0 + $35,470 related
    Other
    $0 + $60,434 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,816 related
    Filer's total
    $0 + $553,157 related

  • Rebecca Magee

    FORMER CIO

    Total calculated
    $551,401
    From this org
    $0
    From related orgs
    $551,401
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $551,401 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $551,401 related

  • Birch Wright

    COO & ADMINISTRATOR

    Total calculated
    $401,694
    From this org
    $0
    From related orgs
    $375,679
    Other
    $26,015
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,592 related
    Bonus
    $0 + $28,055 related
    Other
    $0 + $1,032 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0 + $10,765 related
    Filer's total
    $0 + $401,694 related

  • Paula Workman

    VP CLINICAL OPERATIONS

    Total calculated
    $236,510
    From this org
    $0
    From related orgs
    $215,122
    Other
    $21,388
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,682 related
    Bonus
    $0 + $15,507 related
    Other
    $0 + $933 related
    Deferred
    $0 + $10,711 related
    Nontaxable benefits
    $0 + $10,677 related
    Filer's total
    $0 + $236,510 related

  • Mark Bever

    FORMER COO

    Total calculated
    $126,944
    From this org
    $0
    From related orgs
    $126,944
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $126,944 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $126,944 related

  • Greg W Lee

    CHAIR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Gareth Eck

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Stacy Hanby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Lucas Campbell MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Anne O'Leary-Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Anthony N Hui MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Neal Pendergraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Brock Gearhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 3
A RELATED ENTITY, WASHINGTON REGIONAL MEDICAL CENTER, USED THE FOLLOWING TO ESTABLISH THE ORGANIZATION'S CEO'S COMPENSATION: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
FORM 990, SCHEDULE J, PART I, LINE 4B
THE FOLLOWING INDIVIDUALS HAD VESTED AMOUNTS FROM THE 457(F) PLAN FOR 2022: LARRY SHACKELFORD $199,417 TOM OLMSTEAD $76,548 DAN ECKELS $57,869 MARK BEVER $52,112 REBECCA MAGEE $551,147

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NWA PACE MANAGEMENT

    SENIOR CARE · AR

    Directly controlled by WRMC

  • DIALYSIS CENTERS OF NORTHWEST ARKANSAS

    RENAL DIALYSIS · AR

    Directly controlled by WRMC

  • FOUNTAIN PLAZA MEDICAL RENTALS

    HOLDING · AR

    Directly controlled by PLAZA HOLDINGS

  • FOUNTAIN PLAZA HOLDINGS LLC

    HOLDING · AR

    Directly controlled by WR MED SERVICES

  • WR-NWAHV LLC

    REAL ESTATE · AR

    Directly controlled by WR MED SERVICES

  • JOHNSON MOB HOLDINGS LLC

    HOLDING · AR

    Directly controlled by WR MED SERVICES

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349304292

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