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Nonprofiteer
← WASHINGTON REGINAL MEDICAL SYSTEM

Form 990 for tax year 2024

Filed by WASHINGTON REGINAL MEDICAL SYSTEM.

Totals

Total revenue
$102,245,536
Total expenses
$164,721,589
Contributions and grants received
$3,522,432
Grants paid
$0
Program service revenue
$99,319,125
Investment income
-$596,021
Other revenue
$0
Total assets, end of year
$37,300,534
Total liabilities, end of year
$31,842,201
Net assets or fund balances, end of year
$5,458,333
Program services expenses (Part IX)
$146,327,610
Management and general expenses
$18,393,979
Fundraising expenses
$0
Program service expenses (Part III)
$146,327,610

Program services were 88.8% 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.

  • 1e · Government grants (contributions)

    $3,522,432

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $86,579,789 · related or exempt $86,579,789

  • 2b · Program service revenue: SUBISIDIZED SERVICES REVENUE

    total $7,457,561 · related or exempt $7,457,561

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

    total $5,281,795 · related or exempt $5,281,795

  • 2d · Program service revenue: LOSS IN EQUITY INVESTEE

    total -$20 · related or exempt -$20

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $7,756 · excluded $7,756

  • 6c · Rental income or loss

    real property $0 · personal property $0

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

    other assets $603,777

  • 7c · Gain or loss

    securities $0 · other assets -$603,777

  • 7d · Net gain or loss

    total -$603,777 · excluded -$603,777

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $226,048 · program services $204,910 · management and general $21,138

  • 7 · Other salaries and wages

    total $117,876,782 · program services $106,853,925 · management and general $11,022,857

  • 8 · Pension plan contributions

    total $2,408,886 · program services $2,085,603 · management and general $323,283

  • 9 · Other employee benefits

    total $5,674,776 · program services $4,913,197 · management and general $761,579

  • 10 · Payroll taxes

    total $5,037,253 · program services $4,361,232 · management and general $676,021

  • 11a · Fees: management

    total $45,754 · program services $37,050 · management and general $8,704

  • 11b · Fees: legal

    total $15,985 · program services $12,944 · management and general $3,041

  • 11c · Fees: accounting

    total $134,985 · program services $109,307 · management and general $25,678

  • 11g · Fees: other

    total $5,845,415 · program services $4,733,434 · management and general $1,111,981 · fundraising $0

  • 12 · Advertising and promotion

    total $30,652 · program services $24,821 · management and general $5,831

  • 13 · Office expenses

    total $488,527 · program services $395,594 · management and general $92,933

  • 14 · Information technology

    total $120,941 · program services $97,934 · management and general $23,007

  • 16 · Occupancy

    total $7,130,108 · program services $5,773,738 · management and general $1,356,370

  • 17 · Travel

    total $101,735 · program services $82,382 · management and general $19,353

  • 20 · Interest

    total $4,613 · program services $3,735 · management and general $878

  • 22 · Depreciation, depletion and amortization

    total $2,117,134 · program services $1,335,101 · management and general $782,033

  • 23 · Insurance

    total $1,029,991 · program services $834,054 · management and general $195,937

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $6,111,212 · program services $6,111,212

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $4,674,301 · program services $3,785,103 · management and general $889,198

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $3,874,011 · program services $3,137,053 · management and general $736,958

  • 24d · Other expenses: COLLECTIONS

    total $662,502 · program services $536,473 · management and general $126,029

  • 24e · All other expenses

    total $1,109,978 · program services $898,808 · management and general $211,170 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 4 · Accounts receivable

    beginning of year $12,133,619 · end of year $10,265,589

  • 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 $286,286 · end of year $349,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $620,839 · end of year $817,839

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

    $18,392,121

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

    $10,337,674

  • 10c · Land, buildings and equipment, net

    beginning of year $10,243,854 · end of year $8,054,447

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $97,193 · end of year $97,173

  • 15 · Other assets

    beginning of year $20,248,015 · end of year $17,716,436

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,378,703 · end of year $13,237,812

  • 19 · Deferred revenue

    beginning of year $1,905,266 · end of year $301,964

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $289,492

  • 25 · Other liabilities

    beginning of year $20,186,451 · end of year $18,012,933

  • 27 · Net assets without donor restrictions

    beginning of year $9,159,386 · end of year $5,458,333

Mission and programs · 2024

Mission

WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND EUREKA REGIONAL HEALTH. IN ADDITION, VARIOUS MEMBERS OF MANAGEMENT SERVE IN SUPERVISORY ROLES FOR SUBSIDIARY ENTITIIES. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND ERH.

  • TWENTY ONE SPECIALTY CLINICS EMPLOY 78 PHYSICIANS AND 66 APN'S/PA'S FOCUSED ON SENIOR HEALTH, NEUROSURGERY, PAIN MANAGEMENT, UROLOGY, RADIOLOGY SERVICES, INTERNAL MEDICINE, AND CARDIAC SERVICES. THESE CLINICS PROVIDED SERVICES OF 927,286 RELATIVE VALUE UNITS IN 2024. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $97,749,404 · Revenue $54,054,348

  • TWO DIAGNOSTIC CLINICS EMPLOY 42 PHYSICIANS AND 9 APN'S/PA'S. THESE CLINICS PROVIDED SERVICES OF 265,052 RELATIVE VALUE UNITS IN 2024. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $19,598,977 · Revenue $11,009,043

  • SIX FAMILY MEDICAL CLINICS EMPLOY 17 PHYSICIANS AND 8 APN'S/PA'S FOCUSED ON GENERAL HEALTH CARE NEEDS PROVIDING SERVICES OF 100,673 RELATIVE VALUE UNITS IN 2024. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $14,149,218 · Revenue $7,856,601

  • FIVE WOMEN'S CLINCS, A NEONATOLOGY GROUP AND PEDIATRIC HOSPITALISTS GROUP EMPLOY 21 PHYSICIANS AND 2 APN/PA FOCUSED ON WOMEN'S AND INFANT'S HEALTH PROVIDING SERVICES OF 105,071 RELATIVE VALUE UNITS IN 2024. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.

    Expenses $14,830,011 · Revenue $26,399,133

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

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
    $0
    From related orgs
    $91,465
    Other
    $16,543
    Hours/week
    1 + 41 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

  • Marshall Saviers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Neal Pendergraft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stacy Hanby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dennis Burrows

    VP OF FINANCE

    Total calculated
    $201,798
    From this org
    $0
    From related orgs
    $171,275
    Other
    $30,523
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

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

  • Larry Shackelford

    PRESIDENT & CEO

    Total calculated
    $967,624
    From this org
    $0
    From related orgs
    $933,355
    Other
    $34,269
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

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

  • Thomas Olmstead

    SVP & GENERAL COUNSEL

    Total calculated
    $576,537
    From this org
    $0
    From related orgs
    $537,187
    Other
    $39,350
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

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

  • Paula Workman

    VP CLINICAL OPERATIONS

    Total calculated
    $226,048
    From this org
    $203,072
    From related orgs
    $0
    Other
    $22,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,601
    Bonus
    $0
    Other
    $1,471
    Deferred
    $8,309
    Nontaxable benefits
    $14,667
    Filer's total
    $226,048

  • Boris Bogomilov

    PHYSICIAN

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

    Schedule J breakdown matched by us

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

  • Larry Armstrong

    PHYSICIAN

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

    Schedule J breakdown matched by us

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

  • Sean Senter

    PHYSICIAN

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

    Schedule J breakdown matched by us

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

  • Yang Yang

    PHYSICIAN

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

    Schedule J breakdown matched by us

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

  • Zubair Ahmed

    PHYSICIAN

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

    Schedule J breakdown matched by us

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

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

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 3 Arrangement used to establish the top management official's compensation
A RELATED ENTITY, WASHINGTON REGIONAL MEDICAL CENTER, USED THE FOLLOWING TO ESTABLISH THE ORGANIZATION'S CEO'S COMPENSATION: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS HAD VESTED AMOUNTS FROM THE 457(F) PLAN FOR 2024: LARRY SHACKELFORD - $163,929 THOMAS OLMSTEAD - $76,070

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.

  • DIALYSIS CENTER OF NORTHWEST ARKANSAS

    N/A · RENAL DIALYSIS · AR

    Directly controlled by WRMC

  • NWA PACE MANAGEMENT LLC

    N/A · SENIOR CARE · AR

    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
202543179349311674

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