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Nonprofiteer
← NORTH ARKANSAS MEDICAL SERVICES

Form 990 for tax year 2023

Filed by NORTH ARKANSAS MEDICAL SERVICES.

Totals

Total revenue
$1,780,282
Total expenses
$1,372,530
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$651,102
Investment income
$475,191
Other revenue
$653,989
Total assets, end of year
$21,187,969
Total liabilities, end of year
$15,807,661
Net assets or fund balances, end of year
$5,380,308
Program services expenses (Part IX)
$1,372,530
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,372,530

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: CLINIC RENT REVENUE

    total $651,102 · related or exempt $651,102 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $475,191 · related or exempt $0 · unrelated business $0 · excluded $475,191

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: INTEREST RATE SWAP

    total $653,989 · related or exempt $0 · unrelated business $0 · excluded $653,989

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $653,989

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $36 · program services $36 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,097,372 · program services $1,097,372 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $275,122 · program services $275,122 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $17,133

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $20,133,045

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

    $1,580,471

  • 10c · Land, buildings and equipment, net

    beginning of year $16,875,778 · end of year $18,552,574

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,964,273 · end of year $2,618,262

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,351,419 · end of year $1,181,577

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $12,516,076 · end of year $14,626,084

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,972,556 · end of year $5,380,308

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE CORPORATION IS A PUBLIC BENEFIT CORPORATION TO NORTH ARKANSAS REGIONAL MEDICAL CENTER. IT IS ORGANIZED TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL.

Activities or mission (Part I)

NORTH ARKANSAS MEDICAL SERVICES IS ORGANIZED TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL.

  • THE CORPORATION IS A PUBLIC BENEFIT CORPORATION TO NORTH ARKANSAS REGIONAL MEDICAL CENTER. IT IS ORGANIZED TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL.

    Expenses $1,372,530 · Revenue $651,102

As filed on the 2023 return.

Listed in Part VII

  • David O'Neal

    TREASURER SINCE 01/01/2024

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Dr Stephen Beeler

    CHAIRMAN SINCE 01/01/2024

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Ken Milburn

    SECRETARY SINCE 01/01/2024

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kirk Campbell

    VICE CHAIR SINCE 01/01/2024

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Dan Bowers

    DIRECTOR/CHAIRMAN THROUGH 12/31/2023

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Dr Brent Rosson

    DIRECTOR

    Total calculated
    $936,436
    From this org
    $0
    From related orgs
    $893,193
    Other
    $43,243
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $883,193 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $19,593 related
    Nontaxable benefits
    $0 + $23,650 related
    Filer's total
    $0 + $936,436 related

  • Dr Ross E Halsted

    DIRECTOR

    Total calculated
    $539,803
    From this org
    $0
    From related orgs
    $507,165
    Other
    $32,638
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,185 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $18,980 related
    Deferred
    $0 + $8,042 related
    Nontaxable benefits
    $0 + $24,596 related
    Filer's total
    $0 + $539,803 related

  • Larry Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sherry Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Andrea Smith

    CFO SINCE 02/01/2024

    Total calculated
    $116,886
    From this org
    $0
    From related orgs
    $110,818
    Other
    $6,068
    Hours/week
    1 + 44 related

  • Kenneth D Pannell

    CFO THROUGH 01/31/2024

    Total calculated
    $285,206
    From this org
    $0
    From related orgs
    $251,383
    Other
    $33,823
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,439 related
    Bonus
    $0 + $5,444 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $9,227 related
    Nontaxable benefits
    $0 + $24,596 related
    Filer's total
    $0 + $285,206 related

  • Sammie Cribbs Roberson

    CEO

    Total calculated
    $444,860
    From this org
    $0
    From related orgs
    $409,622
    Other
    $35,238
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,689 related
    Bonus
    $0 + $25,933 related
    Other
    $0
    Deferred
    $0 + $13,167 related
    Nontaxable benefits
    $0 + $22,071 related
    Filer's total
    $0 + $444,860 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
NORTH ARKANSAS REGIONAL MEDICAL CENTER, A RELATED ORGANIZATION, USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL OF THE BOARD TO ESTABLISH COMPENSATION OF THE CEO.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202530449349300923

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