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← WASHINGTON REGIONAL MEDICAL CENTER

Form 990 for tax year 2024

Filed by WASHINGTON REGIONAL MEDICAL CENTER.

Totals

Total revenue
$457,972,922
Total expenses
$414,975,068
Contributions and grants received
$2,463,159
Grants paid
$273,606
Program service revenue
$442,690,702
Investment income
$11,782,352
Other revenue
$1,036,709
Total assets, end of year
$533,057,901
Total liabilities, end of year
$274,215,007
Net assets or fund balances, end of year
$258,842,894
Program services expenses (Part IX)
$361,480,408
Management and general expenses
$53,494,660
Fundraising expenses
$0
Program service expenses (Part III)
$361,480,408

Program services were 87.1% 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.

  • 1d · Related organizations

    $1,791,732

  • 1e · Government grants (contributions)

    $626,427

  • 1f · All other contributions, gifts and grants

    $45,000

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $434,251,806 · related or exempt $434,251,806

  • 2b · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $3,389,473 · related or exempt $1,196,677 · unrelated business $2,192,796

  • 2c · Program service revenue: CAFETERIA/FOOD

    total $2,815,682 · related or exempt $2,815,682

  • 2d · Program service revenue: MOB RENTAL INCOME

    total $1,007,988 · related or exempt $1,007,988

  • 2e · Program service revenue: FITNESS CENTER

    total $471,187 · related or exempt $471,187

  • 2f · All other program service revenue

    total $754,566 · related or exempt $754,566 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,394,216 · excluded $5,394,216

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $61,493,867

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

    securities $55,095,106 · other assets $10,625

  • 7c · Gain or loss

    securities $6,398,761 · other assets -$10,625

  • 7d · Net gain or loss

    total $6,388,136 · excluded $6,388,136

  • 11a · Other revenue: OTHER REVENUE

    total $630,874 · excluded $630,874

  • 11b · Other revenue: RESEARCH CLINICAL TESTS

    total $379,941 · excluded $379,941

  • 11c · Other revenue: MEDICAL RECORDS

    total $21,097 · excluded $21,097

  • 11d · All other revenue

    total $4,797 · related or exempt $0 · unrelated business $0 · excluded $4,797

  • 11e · Other revenue, total

    $1,036,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $255,197 · program services $255,197

  • 2 · Grants to domestic individuals

    total $18,409 · program services $18,409

  • 5 · Compensation of officers, directors and key employees

    total $3,807,402 · program services $3,218,540 · management and general $588,862

  • 7 · Other salaries and wages

    total $159,229,761 · program services $134,602,898 · management and general $24,626,863

  • 8 · Pension plan contributions

    total $4,147,619 · program services $3,729,225 · management and general $418,394

  • 9 · Other employee benefits

    total $14,630,407 · program services $13,154,555 · management and general $1,475,852

  • 10 · Payroll taxes

    total $11,755,993 · program services $10,032,112 · management and general $1,723,881

  • 11a · Fees: management

    total $411,422 · program services $325,896 · management and general $85,526

  • 11b · Fees: legal

    total $279,447 · management and general $279,447

  • 11c · Fees: accounting

    total $488,009 · management and general $488,009

  • 11f · Fees: investment management

    total $21,352 · management and general $21,352

  • 11g · Fees: other

    total $29,865,035 · program services $23,656,754 · management and general $6,208,281 · fundraising $0

  • 12 · Advertising and promotion

    total $204,916 · program services $162,318 · management and general $42,598

  • 13 · Office expenses

    total $3,162,562 · program services $2,493,388 · management and general $669,174

  • 14 · Information technology

    total $11,811,869 · program services $9,356,442 · management and general $2,455,427

  • 16 · Occupancy

    total $5,648,368 · program services $4,474,197 · management and general $1,174,171

  • 17 · Travel

    total $518,971 · program services $411,088 · management and general $107,883

  • 20 · Interest

    total $7,386,518 · program services $4,891,399 · management and general $2,495,119

  • 22 · Depreciation, depletion and amortization

    total $18,661,782 · program services $12,244,347 · management and general $6,417,435

  • 23 · Insurance

    total $2,161,056 · program services $1,711,820 · management and general $449,236

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $116,188,317 · program services $116,188,317

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $8,062,230 · program services $6,386,270 · management and general $1,675,960

  • 24c · Other expenses: MCD PROVIDER ASSESSMENT TAX

    total $6,198,725 · program services $6,198,725

  • 24d · Other expenses: FOOD

    total $3,040,211 · program services $2,408,218 · management and general $631,993

  • 24e · All other expenses

    total $7,019,490 · program services $5,560,293 · management and general $1,459,197 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,833,980 · end of year $3,711,041

  • 2 · Savings and temporary cash investments

    beginning of year $133,203 · end of year $6,077,951

  • 4 · Accounts receivable

    beginning of year $73,706,806 · end of year $76,403,566

  • 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

  • 8 · Inventories for sale or use

    beginning of year $5,448,404 · end of year $6,211,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,073,068 · end of year $5,572,985

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

    $464,915,326

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

    $271,694,186

  • 10c · Land, buildings and equipment, net

    beginning of year $195,699,944 · end of year $193,221,140

  • 11 · Investments: publicly traded securities

    beginning of year $160,546,772 · end of year $206,680,451

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $16,647,443 · end of year $16,959,271

  • 15 · Other assets

    beginning of year $22,330,848 · end of year $18,220,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,673,288 · end of year $45,469,774

  • 20 · Tax-exempt bond liabilities

    beginning of year $144,193,274 · end of year $198,769,135

  • 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 $22,972,094 · end of year $22,009,587

  • 25 · Other liabilities

    beginning of year $7,754,036 · end of year $7,966,511

  • 27 · Net assets without donor restrictions

    beginning of year $259,922,320 · end of year $258,166,152

  • 28 · Net assets with donor restrictions

    beginning of year $905,456 · end of year $676,742

Mission and programs · 2024

Mission

WASHINGTON REGIONAL IS COMMITTED TO IMPROVING THE HEALTH OF PEOPLE IN COMMUNITIES WE SERVE THROUGH COMPASSIONATE, HIGH-QUALITY CARE, PREVENTION, AND WELLNESS EDUCATION.

  • ANCILLARY SUPPORT SERVICES: SERVICES OFFERED IN 2024 BY WASHINGTON REGIONAL MEDICAL CENTER INCLUDED SURGERY, RECOVERY, LABOR AND DELIVERY, CENTRAL SUPPLY, IV THERAPY, LABORATORY, RADIOLOGY AND SPECIAL IMAGING, PHARMACY, RESPIRATORY THERAPY, PHYSICAL THERAPY, SPEECH THERAPY AND OCCUPATIONAL THERAPY. A NUMBER OF THESE SERVICES WERE AVAILABLE AS OUTPATIENT SERVICES. WASHINGTON REGIONAL MEDICAL CENTER ALSO OFFERED DIABETES EDUCATION PROGRAMS, A SLEEP DISORDERS CENTER, A BALANCE DISORDERS CENTER, A WOUND CARE CLINIC, AND OUTPATIENT CARDIOPULMONARY REHABILITATION. WASHINGTON REGIONAL'S SURGERY SERVICE PERFORMED 12,074 INPATIENT AND OUTPATIENT SURGERIES IN 2024. THE CENTRAL SERVICES DEPARTMENT PROVIDED OVER 5.8 MILLION SUPPLY ITEMS TO PATIENTS BEING TREATED. LABORATORY TESTS PERFORMED TOTALED 1,230,046. IMAGING PROCEDURES THAT INCLUDED ITEMS SUCH AS X-RAYS, CT SCANS, ULTRASOUND, CARDIAC CATHETERIZATION, AND NUCLEAR IMAGES TOTALED 197,452 PROCEDURES. WASHINGTON REGIONAL ALSO PERFORMED 8,932 MRI PROCEDURES. (CONTINUED ON SCHEDULE O)

    Expenses $361,480,408 · Grants $273,606 · Revenue $440,497,906

As filed on the 2024 return.

Listed in Part VII

  • Brock Gearhart

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • M Gareth Eck

    VICE CHAIR

    Total calculated
    $108,008
    From this org
    $91,465
    From related orgs
    $0
    Other
    $16,543
    Hours/week
    40 + 2 related

  • Marshall Saviers

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Anne O'Leary-Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Britton Lott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Drew Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Greg W Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jon Berry

    DIRECTOR

    Total calculated
    $887,553
    From this org
    $849,865
    From related orgs
    $0
    Other
    $37,688
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $429,365
    Bonus
    $417,167
    Other
    $3,333
    Deferred
    $13,800
    Nontaxable benefits
    $23,888
    Filer's total
    $887,553

  • Neal Pendergraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stacy Hanby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Birch Wright

    COO & ADMINISTRATOR

    Total calculated
    $439,416
    From this org
    $404,685
    From related orgs
    $0
    Other
    $34,731
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $353,976
    Bonus
    $0
    Other
    $50,709
    Deferred
    $13,800
    Nontaxable benefits
    $20,931
    Filer's total
    $439,416

  • David Ratcliff

    CHIEF MEDICAL OFFICER

    Total calculated
    $626,466
    From this org
    $595,835
    From related orgs
    $0
    Other
    $30,631
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $427,734
    Bonus
    $0
    Other
    $168,101
    Deferred
    $13,800
    Nontaxable benefits
    $16,831
    Filer's total
    $626,466

  • Dennis Burrows

    VP OF FINANCE

    Total calculated
    $201,798
    From this org
    $171,275
    From related orgs
    $0
    Other
    $30,523
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $170,985
    Bonus
    $0
    Other
    $290
    Deferred
    $7,231
    Nontaxable benefits
    $23,292
    Filer's total
    $201,798

  • Larry Shackelford

    PRESIDENT & CEO

    Total calculated
    $967,624
    From this org
    $933,355
    From related orgs
    $0
    Other
    $34,269
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $762,735
    Bonus
    $0
    Other
    $170,620
    Deferred
    $13,800
    Nontaxable benefits
    $20,469
    Filer's total
    $967,624

  • Thomas Olmstead

    SVP & GENERAL COUNSEL

    Total calculated
    $576,537
    From this org
    $537,187
    From related orgs
    $0
    Other
    $39,350
    Hours/week
    40 + 4 related

    Schedule J breakdown matched by us

    Base
    $457,467
    Bonus
    $0
    Other
    $79,720
    Deferred
    $13,800
    Nontaxable benefits
    $25,550
    Filer's total
    $576,537

  • Boris Bogomilov

    MEDICAL DIRECTOR/PHYSICIAN

    Total calculated
    $1,650,958
    From this org
    $0
    From related orgs
    $1,612,327
    Other
    $38,631
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $617,620 related
    Bonus
    $0 + $989,149 related
    Other
    $0 + $5,558 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $24,831 related
    Filer's total
    $0 + $1,650,958 related

  • Larry Armstrong

    MEDICAL DIRECTOR/PHYSICIAN

    Total calculated
    $1,858,578
    From this org
    $0
    From related orgs
    $1,824,070
    Other
    $34,508
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $997,426 related
    Bonus
    $0 + $811,028 related
    Other
    $0 + $15,616 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $20,708 related
    Filer's total
    $0 + $1,858,578 related

  • Sean Senter

    MEDICAL DIRECTOR/PHYSICIAN

    Total calculated
    $1,932,962
    From this org
    $0
    From related orgs
    $1,899,394
    Other
    $33,568
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $625,682 related
    Bonus
    $0 + $1,261,151 related
    Other
    $0 + $12,561 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $19,768 related
    Filer's total
    $0 + $1,932,962 related

  • Yang Yang

    PHYSICIAN

    Total calculated
    $1,719,117
    From this org
    $0
    From related orgs
    $1,704,868
    Other
    $14,249
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $536,283 related
    Bonus
    $0 + $1,153,134 related
    Other
    $0 + $15,451 related
    Deferred
    $0 + $7,457 related
    Nontaxable benefits
    $0 + $6,792 related
    Filer's total
    $0 + $1,719,117 related

  • Zubair Ahmed

    MEDICAL DIRECTOR/PHYSICIAN

    Total calculated
    $1,605,997
    From this org
    $0
    From related orgs
    $1,566,942
    Other
    $39,055
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,076 related
    Bonus
    $0 + $959,555 related
    Other
    $0 + $2,311 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $25,255 related
    Filer's total
    $0 + $1,605,997 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS HAD VESTED AMOUNTS FROM THE 457(F) PLAN FOR 2024: THOMAS OLMSTEAD - $76,070 DAVID RATCLIFF - $133,794 LARRY SHACKELFORD - $163,929 BIRCH WRIGHT - $49,585

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WR REHABILITATION SERVICES

    REHAB PARTNER · AR · income $5,398,639 · assets $13,938,988

    Directly controlled by WRMC

  • NORTH HILLS SURGERY CENTER

    AMBULATORY SURGERY CENTER · AR · income $9,989,338 · assets $4,222,679

    Directly controlled by WRMC

  • WRMC IC LLC

    INSURANCE · AR · income $588,759 · assets $699,161

    Directly controlled by WRMC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DIALYSIS CENTER OF NORTHWEST ARKANSAS

    Related · RENAL DIALYSIS · AR · 60% owned

    Directly controlled by WRMC

  • NWA PACE MANAGEMENT LLC

    Related · SENIOR CARE · AR · 57.5% owned · general or managing partner

    Directly controlled by WRMC

  • FOUNTAIN PLAZA MEDICAL RENTALS

    N/A · REAL ESTATE · AR

    Directly controlled by PLAZA HOLDINGS

  • FOUNTAIN PLAZA HOLDINGS LLC

    N/A · REAL ESTATE · AR

    Directly controlled by WR MED SERVICES

  • WR-NWAHV LLC

    N/A · REAL ESTATE · AR

    Directly controlled by WR MED SERVICES

  • JOHNSON MOB HOLDINGS LLC

    N/A · REAL ESTATE · AR

    Directly controlled by WR MED SERVICES

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533179349311493

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