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Nonprofiteer
← MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI INC

Form 990 for tax year 2023

Filed by MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI INC.

Totals

Total revenue
$76,038,925
Total expenses
$99,231,962
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$75,994,642
Investment income
$51,609
Other revenue
-$7,326
Total assets, end of year
$36,731,653
Total liabilities, end of year
$117,010,024
Net assets or fund balances, end of year
-$80,278,371
Program services expenses (Part IX)
$80,165,485
Management and general expenses
$19,066,477
Fundraising expenses
$0
Program service expenses (Part III)
$80,165,485

Program services were 80.8% 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.

  • 2a · Program service revenue: PATIENT SERVICE REV.

    total $75,994,642 · related or exempt $75,994,642

  • 6a · Gross rents

    real property $180,730

  • 6b · Less rental expenses

    real property $188,056

  • 6c · Rental income or loss

    real property -$7,326

  • 6d · Net rental income or loss

    total -$7,326 · excluded -$7,326

  • 7a · Gross sales of assets other than inventory

    other assets $61,533

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

    other assets $9,924

  • 7c · Gain or loss

    other assets $51,609

  • 7d · Net gain or loss

    total $51,609 · excluded $51,609

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $838,084 · program services $670,467 · management and general $167,617

  • 7 · Other salaries and wages

    total $67,226,364 · program services $53,781,091 · management and general $13,445,273

  • 8 · Pension plan contributions

    total $1,754,686 · program services $1,403,749 · management and general $350,937

  • 9 · Other employee benefits

    total $5,373,679 · program services $4,298,943 · management and general $1,074,736

  • 10 · Payroll taxes

    total $3,216,644 · program services $2,573,315 · management and general $643,329

  • 11g · Fees: other

    total $6,907,603 · program services $5,526,082 · management and general $1,381,521

  • 12 · Advertising and promotion

    total $91,825 · program services $73,460 · management and general $18,365

  • 13 · Office expenses

    total $1,587,428 · program services $1,269,942 · management and general $317,486

  • 16 · Occupancy

    total $2,397,933 · program services $1,918,346 · management and general $479,587

  • 17 · Travel

    total $21,892 · program services $8,757 · management and general $13,135

  • 19 · Conferences, conventions and meetings

    total $161,280 · program services $64,512 · management and general $96,768

  • 22 · Depreciation, depletion and amortization

    total $1,450,929 · program services $1,160,743 · management and general $290,186

  • 23 · Insurance

    total $625,541 · program services $500,433 · management and general $125,108

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $4,265,936 · program services $4,265,936 · management and general $0

  • 24b · Other expenses: MGMT FEES/CORP ALLOC

    total $2,443,469 · program services $1,954,775 · management and general $488,694

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $460,763 · program services $368,610 · management and general $92,153

  • 24d · Other expenses: TAXES AND LICENSES

    total $265,633 · program services $212,506 · management and general $53,127

  • 24e · All other expenses

    total $142,273 · program services $113,818 · management and general $28,455

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,776 · end of year $5,976

  • 2 · Savings and temporary cash investments

    beginning of year $2,248,027 · end of year $2,230,985

  • 4 · Accounts receivable

    beginning of year $11,171,659 · end of year $11,702,241

  • 7 · Other notes and loans receivable

    beginning of year $687,494 · end of year $514,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $393,268 · end of year $367,901

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

    $18,303,267

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

    $6,466,056

  • 10c · Land, buildings and equipment, net

    beginning of year $13,036,410 · end of year $11,837,211

  • 15 · Other assets

    beginning of year $11,256,558 · end of year $10,072,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,133,988 · end of year $12,224,585

  • 25 · Other liabilities

    beginning of year $84,750,538 · end of year $104,785,439

  • 27 · Net assets without donor restrictions

    beginning of year -$57,085,334 · end of year -$80,278,371

Mission and programs · 2023

Mission

THE MISSION OF MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. IS TO SERVE THE COMMUNITY THROUGH CONTINUOUSLY IMPROVING QUALITY CARE AND EFFECTIVE USE OF EDUCATION AND TECHNOLOGY IN A PERSONAL AND COMPASSIONATE ENVIRONMENT.

Activities or mission (Part I)

MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC.'S PURPOSE IS TO PROMOTE HEALTH THROUGH THE OPERATION OF 27 MEDICAL CLINICS AND 6 PHYSICAL THERAPY CLINICS LOCATED THROUGHOUT THE JACKSON, MISSISSIPPI METROPOLITAN AREA.

  • MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND - HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY.MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC. OPERATES 6 OUTPATIENT REHABILITATION CLINICS AND 27 MEDICAL CLINICS, WHICH INCLUDE FAMILY MEDICINE CLINICS, CARDIOLOGY, NEUROLOGY, AND OCCUPATIONAL MEDICINE SPECIALTY CLINICS LOCATED THROUGHOUT THE JACKSON, MISSISSIPPI METROPOLITAN AREA.

    Expenses $80,165,485 · Revenue $75,994,642

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark E Swanson MD

    DIRECTOR

    Total calculated
    $1,220,645
    From this org
    $0
    From related orgs
    $1,195,822
    Other
    $24,823
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $640,113 related
    Bonus
    $0 + $412,452 related
    Other
    $0 + $143,257 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,823 related
    Filer's total
    $0 + $1,220,645 related

  • James L Warnock MD

    DIRECTOR/PHYSICIAN

    Total calculated
    $929,585
    From this org
    $813,174
    From related orgs
    $0
    Other
    $116,411
    Hours/week
    39.77 + 0.23 related

    Schedule J breakdown matched by us

    Base
    $565,806
    Bonus
    $144,151
    Other
    $103,217
    Deferred
    $92,500
    Nontaxable benefits
    $23,911
    Filer's total
    $929,585

  • Bobbie K Ware

    DIRECTOR

    Total calculated
    $597,175
    From this org
    $0
    From related orgs
    $534,658
    Other
    $62,517
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,039 related
    Bonus
    $0 + $46,833 related
    Other
    $0 + $118,786 related
    Deferred
    $0 + $44,289 related
    Nontaxable benefits
    $0 + $18,228 related
    Filer's total
    $0 + $597,175 related

  • Justin Rhodes

    DIRECTOR

    Total calculated
    $526,012
    From this org
    $0
    From related orgs
    $441,335
    Other
    $84,677
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,708 related
    Bonus
    $0 + $41,976 related
    Other
    $0 + $125,651 related
    Deferred
    $0 + $61,205 related
    Nontaxable benefits
    $0 + $23,472 related
    Filer's total
    $0 + $526,012 related

  • James A Grantham

    DIRECTOR

    Total calculated
    $520,576
    From this org
    $0
    From related orgs
    $446,280
    Other
    $74,296
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,501 related
    Bonus
    $0 + $68,899 related
    Other
    $0 + $73,880 related
    Deferred
    $0 + $48,999 related
    Nontaxable benefits
    $0 + $25,297 related
    Filer's total
    $0 + $520,576 related

  • William F Thompson

    DIRECTOR/CFO

    Total calculated
    $455,098
    From this org
    $0
    From related orgs
    $390,492
    Other
    $64,606
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,554 related
    Bonus
    $0 + $29,682 related
    Other
    $0 + $92,256 related
    Deferred
    $0 + $40,016 related
    Nontaxable benefits
    $0 + $24,590 related
    Filer's total
    $0 + $455,098 related

  • Brad A Beattie

    CHAIRMAN

    Total calculated
    $299,643
    From this org
    $0
    From related orgs
    $238,680
    Other
    $60,963
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,584 related
    Bonus
    $0 + $37,629 related
    Other
    $0 + $4,467 related
    Deferred
    $0 + $33,455 related
    Nontaxable benefits
    $0 + $27,508 related
    Filer's total
    $0 + $299,643 related

  • Jason M Little

    PRESIDENT

    Total calculated
    $3,155,218
    From this org
    $0
    From related orgs
    $3,046,996
    Other
    $108,222
    Hours/week
    0.04 + 39.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,358,544 related
    Bonus
    $0 + $1,180,544 related
    Other
    $0 + $507,908 related
    Deferred
    $0 + $69,750 related
    Nontaxable benefits
    $0 + $38,472 related
    Filer's total
    $0 + $3,155,218 related

  • Gregory M Duckett

    SECRETARY

    Total calculated
    $1,346,501
    From this org
    $0
    From related orgs
    $1,256,183
    Other
    $90,318
    Hours/week
    0.23 + 39.77 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,822 related
    Bonus
    $0 + $339,432 related
    Other
    $0 + $421,929 related
    Deferred
    $0 + $50,496 related
    Nontaxable benefits
    $0 + $39,822 related
    Filer's total
    $0 + $1,346,501 related

  • Lee Ann Foreman

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $360,175
    From this org
    $0
    From related orgs
    $314,267
    Other
    $45,908
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,290 related
    Bonus
    $0 + $25,708 related
    Other
    $0 + $46,269 related
    Deferred
    $0 + $41,495 related
    Nontaxable benefits
    $0 + $4,413 related
    Filer's total
    $0 + $360,175 related

  • William J Harris III MD

    PHYSICIAN

    Total calculated
    $1,398,519
    From this org
    $1,263,922
    From related orgs
    $0
    Other
    $134,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $803,824
    Bonus
    $319,260
    Other
    $140,838
    Deferred
    $102,500
    Nontaxable benefits
    $32,097
    Filer's total
    $1,398,519

  • Ayesha Khalid MD

    PHYSICIAN

    Total calculated
    $1,076,708
    From this org
    $1,008,218
    From related orgs
    $0
    Other
    $68,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $75,257
    Bonus
    $874,325
    Other
    $58,636
    Deferred
    $65,000
    Nontaxable benefits
    $3,490
    Filer's total
    $1,076,708

  • Adam E Berman MD

    PHYSICIAN

    Total calculated
    $1,046,583
    From this org
    $943,664
    From related orgs
    $0
    Other
    $102,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,142
    Bonus
    $460,070
    Other
    $5,452
    Deferred
    $69,500
    Nontaxable benefits
    $33,419
    Filer's total
    $1,046,583

  • Tyler W Winford MD

    PHYSICIAN

    Total calculated
    $962,950
    From this org
    $888,247
    From related orgs
    $0
    Other
    $74,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,398
    Bonus
    $592,824
    Other
    $25
    Deferred
    $45,000
    Nontaxable benefits
    $29,703
    Filer's total
    $962,950

  • Shawn W Sanders MD

    PHYSICIAN

    Total calculated
    $958,961
    From this org
    $910,988
    From related orgs
    $0
    Other
    $47,973
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,981
    Bonus
    $462,630
    Other
    $93,377
    Deferred
    $47,000
    Nontaxable benefits
    $973
    Filer's total
    $958,961

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
BAPTIST MEMORIAL HEALTH CARE CORPORATION, A RELATED ORGANIZATION OF MEDICAL FOUNDATION OF CENTRAL MISSISSIPPI, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B:
ELIGIBLE EXECUTIVES PARTICIPATE IN VARIOUS NON-QUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EXECUTIVE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: GREGORY M. DUCKETT - $379,118 JASON M. LITTLE - $397,792 BOBBIE K. WARE - $54,151 JUSTIN RHODES - $55,341 ADDITIONALLY, MISSISSIPPI BAPTIST HEALTH SYSTEMS, INC. ESTABLISHED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, A NON-QUALIFIED, UNFUNDED DEFERRED COMPENSATION PLAN EFFECTIVE JULY 1, 2010, FOR THE BENEFIT OF CERTAIN MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES OF THE SYSTEM. THE PURPOSE OF THE PLAN IS TO ENHANCE THE ABILITY OF THE SYSTEM TO ATTRACT AND RETAIN QUALIFIED MANAGEMENT PERSONNEL WITH A MARKET-COMPETITIVE SUPPLEMENTAL RETIREMENT BENEFIT ON A TAX-DEFERRED BASIS. THE FOLLOWING INDIVIDUAL(S) LISTED ON PART VII RECEIVED SUPPLEMENTAL NON-QUALIFIED PLAN PAYMENTS DURING THE CALENDAR YEAR: WILLIAM J. HARRIS, III, MD - $140,575 JAMES L. WARNOCK, MD - $102,703 AYESHA KHALID, MD - $57,778 SHAWN W. SANDERS, MD - $93,296 WILLIAM F. THOMPSON - $71,180 LEE ANN FOREMAN - $44,427
PART I, LINE 7:
THE BAPTIST MEMORIAL HEALTH CARE SYSTEM HAS ESTABLISHED A MANAGEMENT ACCOUNTABILITY AND FINANCIAL INCENTIVE PLAN THAT ENCOURAGES MANAGEMENT PARTICIPATION IN THE SIGNIFICANT IMPROVEMENTS OF THE QUALITY, FINANCIAL, GROWTH, AND HUMAN RESOURCE RELATED OPERATIONS OF THE ORGANIZATION. AN INCENTIVE BONUS MAY BE PAID TO APPROVED MEMBERS OF MANAGEMENT BASED ON ATTAINMENT OF GOALS IN THE AREAS OF 1) PATIENT SATISFACTION; 2) EMPLOYEE SATISFACTION; 3) PHYSICIAN SATISFACTION; 4) QUALITY AND SAFETY; 5) OPERATIONAL PERFORMANCE METRICS; AND 6) OPERATING INCOME MARGIN. PARTICIPANTS RECEIVE POINTS UNDER A PLAN SCORING SYSTEM FOR MEETING THEIR PREDETERMINED GOALS. THE POINTS ARE THEN ENTERED INTO THE PLAN FORMULA TO DETERMINE THE INCENTIVE COMPENSATION.

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.

  • BAPTIST - DESOTO SURGERY CENTER LP

    AMBULATORY SURGERY · MS · general or managing partner

  • BAPTIST - EMSC LP

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST - UT INSTITUTE FOR ACADEMIC EXCELLENCE LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BAPTIST-GERMANTOWN SURGERY CENTER LLC

    AMBULATORY SURGERY · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL GP

    REHABILITATION SERVICES · TN · general or managing partner

  • BAPTIST MEMORIAL REHABILITATION HOSPITAL - MADISON LLC

    REHABILITATION SERVICES · MS · general or managing partner

  • BMH NORTH MISSISSIPPI IMAGING SERVICES LLC

    DIAGNOSTIC SERVICES · MS

  • BAPTIST AND PHYSICIANS' OUTPATIENT SURGERY CENTER OF N MISSISSIPPI LP

    AMBULATORY SURGERY · MS · general or managing partner

  • BAPTIST STERN CARDIOVASCULAR CO-MANAGEMENT LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • BMHSIAEL MICROBIOLOGY LABORATORY GP

    LABORATORY SERVICES · TX · general or managing partner

  • BRAIN AND SPINE NETWORK BAPTIST SEMMES-MURPHEY LLC

    MEDICAL MANAGEMENT · TN · general or managing partner

  • EAST MEMPHIS UROLOGY CENTER LP

    AMBULATORY UROLOGICAL SERVICES · TN · general or managing partner

  • MADISON HEALTHPLEX PERFORMANCE TRAINING CENTER LLC

    FITNESS CENTER · MS · general or managing partner

  • MAIN STREET FAMILY MEDICAL LLC

    MEDICAL SERVICES · MS · general or managing partner

  • MAYS & SCHNAPP PAIN CLINIC

    PAIN MANAGEMENT SERVICES · TN · general or managing partner

  • MEDICAL ALTERNATIVES

    PROVIDE HOME INFUSION PRODUCTS AND SERVICES TO PATIENTS · TN · general or managing partner

  • MID-SOUTH IMAGING CENTER LLC

    DIAGNOSTIC SERVICES · MS · general or managing partner

  • WEST TENNESSEE IMAGING LLC

    MEDICAL SERVICES · TN

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BAPTIST HEALTH SERVICES GROUP OF THE MID-SOUTH INC

    C · HEALTH INSURANCE CONTRACTING · TN · controlled entity

  • GERMANTOWN BUSINESS PARK OWNERS ASSOCIATION

    C · BOOKKEEPING & DATA PROCESSING GERMANTOWN BUS. PARK · TN · controlled entity

  • HEALTH TECH AFFILIATES INC

    C · BUYING & LEASING REAL & PERSONAL PROPERTY · TN · controlled entity

  • MISSISSIPPI BAPTIST MEDICAL ENTERPRISES INC AND SUBS

    C · INVESTMENTS · MS · controlled entity

  • SOUTHCREST PROPERTY OWNERS ASSOCIATION INC

    C · BOOKKEEPING & DATA PROCESSING FOR THE SOUTHCREST DEVELOPMENT · MS · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512269349300006

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