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Nonprofiteer
← SPARKS REGIONAL MEDICAL CENTER

Form 990 for tax year 2024

Filed by SPARKS REGIONAL MEDICAL CENTER.

Totals

Total revenue
$30,285
Total expenses
$14,965
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$30,285
Total assets, end of year
$93,368
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$93,368
Program services expenses (Part IX)
$0
Management and general expenses
$14,965
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 11a · Other revenue: MINERAL ROYALTIES AND

    total $28,215 · related or exempt $28,215

  • 11b · Other revenue: BAD DEBT RECOVERIES

    total $2,070 · related or exempt $2,070

  • 11e · Other revenue, total

    $30,285

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,750 · management and general $3,750

  • 23 · Insurance

    total $2,848 · management and general $2,848

  • 24a · Other expenses: REIMBURSEMENTS - MEDICA

    total $8,367 · management and general $8,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,048 · end of year $93,368

  • 27 · Net assets without donor restrictions

    beginning of year $78,048 · end of year $93,368

Mission and programs · 2024

Mission

MAKING LIFE HEALTHIER - FOR OUR PATIENTS AND OUR ENTIRE COMMUNITY, INCLUDING CHARITY CARE, COMMUNITY BENEFIT SERVICES, RESEARCH AND COMMUNITY BUILDING EFFORTS.

  • SPARKS IS A COMMUNITY HOSPITAL THAT SOLD THE FIXED ASSETS AND INVENTORY TO HEALTH MANAGEMENT ASSOCIATES (HMA) ON NOVEMBER 30, 2009 AND RETAINED THE PATIENT ACCOUNTS RECEIVABLE AND LIABILITIES. SPARKS CONTINUES TO UNWIND THE OLD BUSINESS BY LIQUIDATING THE A/R AND PAYING OFF THE LIABILITIES. ON APRIL 28, 2014 THE BOARD PASSED A RESOLUTION TO CONTRIBUTE UP TO $50,000,000 AS A RESTRICTED CONTRIBUTION IN SUPPORT OF DEVELOPING AN INSTITUTION OF HEALTH EDUCATION. ALL ASSETS THAT REMAIN FOLLOWING THE COMPLETED UNWINDING OF THE OLD HOSPITAL BUSINESS WILL BE GIFTED TO SUPPORT AN INSTITUTION OF HEALTH EDUCATION.AS NOTED IN PREVIOUS FILINGS, THE ORGANIZATION EXPECTS TO DISSOLVE FOLLOWING COMPLETE UNWINDING OF ALL BUSINESS AND ANY REMAINING ASSETS WILL BE GIFTED TO ARKANSAS COLLEGES OF HEALTH EDUCATION IN SUPPORT OF AN INSTITUTION OF HEALTH EDUCATION.

    Revenue $30,285

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN TAYLOR

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BENNY GOODEN

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MIKE CARROLL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF BEAUCHAMP

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS WEBB

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349306756

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