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Nonprofiteer
← MAGNOLIA REGIONAL HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by MAGNOLIA REGIONAL HEALTH SYSTEM INC.

Totals

Total revenue
$25,130,464
Total expenses
$31,591,984
Contributions and grants received
$1,462,202
Grants paid
$0
Program service revenue
$23,212,782
Investment income
$239,188
Other revenue
$216,292
Total assets, end of year
$32,121,624
Total liabilities, end of year
$5,464,641
Net assets or fund balances, end of year
$26,656,983
Program services expenses (Part IX)
$25,908,366
Management and general expenses
$5,683,618
Fundraising expenses
$0
Program service expenses (Part III)
$25,908,366

Program services were 82.0% 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

    $159,724

  • 1e · Government grants (contributions)

    $1,264,461

  • 1f · All other contributions, gifts and grants

    $38,017

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $21,985,331 · related or exempt $21,985,331 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: 340B REVENUE

    total $834,702 · related or exempt $834,702 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: TRICARE REVENUE

    total $284,487 · related or exempt $284,487 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: KIDS FIRST REVENUE

    total $48,316 · related or exempt $48,316 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $37,470 · related or exempt $37,470 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $22,476 · related or exempt $22,476 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $240,775 · related or exempt $0 · unrelated business $0 · excluded $240,775

  • 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 $1,587

  • 7c · Gain or loss

    securities $0 · other assets -$1,587

  • 7d · Net gain or loss

    total -$1,587 · related or exempt $0 · unrelated business $0 · excluded -$1,587

  • 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: REIMBURSEMENTS & REBATES

    total $196,144 · related or exempt $0 · unrelated business $0 · excluded $196,144

  • 11b · Other revenue: AUXILIARY REVENUE

    total $19,279 · related or exempt $0 · unrelated business $0 · excluded $19,279

  • 11c · Other revenue: PURCHASE DISCOUNTS

    total $869 · related or exempt $0 · unrelated business $0 · excluded $869

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $216,292

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $370,641 · management and general $370,641

  • 7 · Other salaries and wages

    total $12,853,995 · program services $10,365,038 · management and general $2,488,957

  • 8 · Pension plan contributions

    total $191,144 · program services $154,132 · management and general $37,012

  • 9 · Other employee benefits

    total $1,503,519 · program services $1,212,388 · management and general $291,131

  • 10 · Payroll taxes

    total $883,147 · program services $712,141 · management and general $171,006

  • 11b · Fees: legal

    total $18,498 · program services $14,916 · management and general $3,582

  • 11c · Fees: accounting

    total $185,698 · program services $149,741 · management and general $35,957

  • 11g · Fees: other

    total $4,350,755 · program services $3,508,305 · management and general $842,450 · fundraising $0

  • 12 · Advertising and promotion

    total $45,996 · program services $37,090 · management and general $8,906

  • 13 · Office expenses

    total $91,377 · program services $73,683 · management and general $17,694

  • 14 · Information technology

    total $645,945 · program services $520,869 · management and general $125,076

  • 16 · Occupancy

    total $484,336 · program services $390,553 · management and general $93,783

  • 17 · Travel

    total $60,137 · program services $48,492 · management and general $11,645

  • 20 · Interest

    total $86,989 · program services $70,145 · management and general $16,844

  • 22 · Depreciation, depletion and amortization

    total $2,936,895 · program services $2,368,215 · management and general $568,680

  • 23 · Insurance

    total $636,352 · program services $513,133 · management and general $123,219

  • 24a · Other expenses: Medical Supplies

    total $3,782,949 · program services $3,782,949

  • 24b · Other expenses: Pharmacy

    total $801,424 · program services $646,242 · management and general $155,182

  • 24c · Other expenses: Repairs & Maintenance

    total $733,033 · program services $591,094 · management and general $141,939

  • 24d · Other expenses: Lab

    total $511,505 · program services $412,461 · management and general $99,044

  • 24e · All other expenses

    total $417,649 · program services $336,779 · management and general $80,870 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $598,691 · end of year $1,879,619

  • 2 · Savings and temporary cash investments

    beginning of year $6,864,559 · end of year $1,072,367

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,940,140 · end of year $4,687,738

  • 5 · Loans and receivables from officers and key people

    beginning of year $26,065 · 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 $308,948 · end of year $322,621

  • 9 · Prepaid expenses and deferred charges

    beginning of year $635,001 · end of year $228,294

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

    $30,933,651

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

    $8,933,573

  • 10c · Land, buildings and equipment, net

    beginning of year $24,185,071 · end of year $22,000,078

  • 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 $1,974,000 · end of year $1,930,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,085,122 · end of year $2,938,862

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $41,311

  • 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 $196,885 · end of year $162,396

  • 23 · Secured mortgages and notes payable

    beginning of year $986,388 · end of year $866,646

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,145,577 · end of year $1,455,426

  • 27 · Net assets without donor restrictions

    beginning of year $10,192,956 · end of year $5,715,958

  • 28 · Net assets with donor restrictions

    beginning of year $22,925,547 · end of year $20,941,025

  • 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

TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND EDUCATION TO ALL INDIVIDUALS.

  • MAGNOLIA REGIONAL MEDICAL CENTER (MRMC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. SERVING SOUTHWESTERN ARKANSAS AND NORTHWESTERN LOUISIANA SINCE 1939, THE MEDICAL CENTER PROVIDES ACUTE CARE SERVICES INCLUDING INPATIENT SERVICES, SURGICAL SERVICES, OUTPATIENT DIAGNOSTICS, AND EMERGENCY SERVICES. THE MEDICAL CENTER ALSO HAS A CLINIC NETWORK THAT PROVIDES PRIMARY CAR AND SPECIALTY SERVICES IN GENERAL SURGERY AND ORTHOPEDIC SURGERY. EMBRACING OUR MISSION TO PROVIDE EXCELLENT HEALTHCARE SERVICES AN EDUCATION TO ALL INDIVIDUALS, THE MEDICAL CENTER REALIZES MANY INDIVIDUALS DO NOT POSSESS THE FINANCIAL RESOURCES TO ACCESS ESSENTIAL HEALTHCARE SERVICES. INDIVIDUALS WHO MEET OUR CHARITY CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2024, PROVIDED DISCOUNTED SERVICES OF $1,705,966. IN ADDITION TO UNCOMPENSATED COSTS, MRMC COMMITS SIGNFICANT TIME AND RESOURCES TO ENDEAVORS AND CRITICAL SERVICES THAT MEET OTHERWISE UNFILLED COMMUNITY NEEDS. MANY OF THESE ACTIVITIES ARE SPONSORED WITH THE KNOWLEDGE THAT THEY WILL NOT BE SELF-SUPPORTING OR FINANCIALLY VIABLE. SUCH PROGRAMS INCLUDE HEALTH SCREENINGS AND ASSESSMENTS, COMMUNITY EDUCATIONAL SERVICES AND VARIOUS SUPPORT GROUPS. CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2024 THE MEDICAL CENTER SERVED 977 PATIENTS WHO ACCESSED OUR SERVICES AFTER QUALIFYING THROUGH OUR CHARITY CARE GUIDELINES.

    Expenses $25,908,366 · Revenue $23,211,195

As filed on the 2023 return.

Listed in Part VII

  • Angie Glass

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.3

  • Johnathan Alexander Jr

    Chairman

    Total calculated
    $71,693
    From this org
    $71,693
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Todd Emmert

    Secretary

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Whitener

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Baird

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wally Wood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brett Kinman

    CEO

    Total calculated
    $286,539
    From this org
    $263,754
    From related orgs
    $0
    Other
    $22,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,063
    Bonus
    $0
    Other
    $691
    Deferred
    $7,492
    Nontaxable benefits
    $15,293
    Filer's total
    $286,539

  • Roxane Stewart

    CFO Through 11/4/23

    Total calculated
    $164,725
    From this org
    $151,039
    From related orgs
    $0
    Other
    $13,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,039
    Bonus
    $0
    Other
    $0
    Deferred
    $4,633
    Nontaxable benefits
    $9,053
    Filer's total
    $164,725

  • Stephanie Schmittou

    CNO

    Total calculated
    $135,023
    From this org
    $111,678
    From related orgs
    $0
    Other
    $23,345
    Hours/week
    40

  • William Van Noy

    CFO Since 11/27/23

    Total calculated
    $21,867
    From this org
    $21,767
    From related orgs
    $0
    Other
    $100
    Hours/week
    40

  • Anna Chandler

    Director of Pharmacy/Pharmacist

    Total calculated
    $168,090
    From this org
    $148,556
    From related orgs
    $0
    Other
    $19,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,356
    Bonus
    $0
    Other
    $200
    Deferred
    $4,658
    Nontaxable benefits
    $14,876
    Filer's total
    $168,090

  • Anselm Tintinu

    Surgeon General

    Total calculated
    $240,469
    From this org
    $223,062
    From related orgs
    $0
    Other
    $17,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,062
    Bonus
    $0
    Other
    $0
    Deferred
    $6,208
    Nontaxable benefits
    $11,199
    Filer's total
    $240,469

  • Fred Murphy

    Hospitalist

    Total calculated
    $257,587
    From this org
    $235,987
    From related orgs
    $0
    Other
    $21,600
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $234,161
    Bonus
    $0
    Other
    $1,826
    Deferred
    $7,285
    Nontaxable benefits
    $14,315
    Filer's total
    $257,587

  • James Kevin Rudder

    Surgeon Orthopedic

    Total calculated
    $1,130,748
    From this org
    $1,116,122
    From related orgs
    $0
    Other
    $14,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $393,535
    Bonus
    $721,546
    Other
    $1,041
    Deferred
    $0
    Nontaxable benefits
    $14,626
    Filer's total
    $1,130,748

  • Tyler Neal

    Physician

    Total calculated
    $221,545
    From this org
    $205,675
    From related orgs
    $0
    Other
    $15,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,041
    Bonus
    $0
    Other
    $7,634
    Deferred
    $5,793
    Nontaxable benefits
    $10,077
    Filer's total
    $221,545

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349302824

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