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Nonprofiteer
← NORTH ARKANSAS MEDICAL SERVICES

Form 990 for tax year 2022

Filed by NORTH ARKANSAS MEDICAL SERVICES.

Totals

Total revenue
$1,838,835
Total expenses
$725,609
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$298,397
Investment income
$45,548
Other revenue
$1,494,890
Total assets, end of year
$18,840,051
Total liabilities, end of year
$13,867,495
Net assets or fund balances, end of year
$4,972,556
Program services expenses (Part IX)
$725,609
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$725,609

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.

  • 2a · Program service revenue: CLINIC RENT REVENUE

    total $298,397 · related or exempt $298,397

  • 3 · Investment income

    total $45,548 · excluded $45,548

  • 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

  • 7d · Net gain or loss

    total $0

  • 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

  • 11a · Other revenue: INTEREST RATE SWAP

    total $1,494,890 · excluded $1,494,890

  • 11e · Other revenue, total

    $1,494,890

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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $103,346 · program services $103,346 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $387,848 · program services $387,848 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $234,415 · program services $234,415 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Other - less than 5% of total

    total $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 $1,157,574 · end of year $0

  • 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

    $18,181,126

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

    $1,305,348

  • 10c · Land, buildings and equipment, net

    beginning of year $7,446,787 · end of year $16,875,778

  • 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 $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $469,383 · end of year $1,964,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,351,419

  • 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 $5,214,414 · end of year $12,516,076

  • 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 $3,859,330 · end of year $4,972,556

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

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 $725,609 · Revenue $298,397

As filed on the 2022 return.

Listed in Part VII

  • Sammie Cribbs Roberson

    CEO

    Total calculated
    $443,478
    From this org
    $0
    From related orgs
    $426,476
    Other
    $17,002
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,976 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $12,580 related
    Nontaxable benefits
    $0 + $4,422 related
    Filer's total
    $0 + $443,478 related

  • Kenneth D Pannell

    CFO

    Total calculated
    $323,341
    From this org
    $0
    From related orgs
    $289,819
    Other
    $33,522
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,319 related
    Bonus
    $0 + $43,000 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $9,872 related
    Nontaxable benefits
    $0 + $23,650 related
    Filer's total
    $0 + $323,341 related

  • Dan Bowers

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Sherri Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Stephen Beeler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kirk Campbell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ken Milburn

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David O'Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Phillips

    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. 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)

FORM 990, SCHEDULE J, PART I, LINE 3
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
2022
Filed
30 January 2024
IRS schema version
2022v5.0
Source object
202420319349302062

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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