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Nonprofiteer
← CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE INC

Form 990 for tax year 2022

Filed by CENTRAL ARKANSAS RADIATION THERAPY INSTITUTE INC.

Totals

Total revenue
$393,023,493
Total expenses
$391,421,057
Contributions and grants received
$13,631,144
Grants paid
$2,705
Program service revenue
$377,768,054
Investment income
$1,624,295
Other revenue
$0
Total assets, end of year
$365,362,253
Total liabilities, end of year
$238,389,560
Net assets or fund balances, end of year
$126,972,693
Program services expenses (Part IX)
$340,945,617
Management and general expenses
$50,475,440
Fundraising expenses
$0
Program service expenses (Part III)
$340,945,617

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

    $1,049,194

  • 1e · Government grants (contributions)

    $12,581,950

  • 2a · Program service revenue: Patient Services

    total $373,562,886 · related or exempt $373,562,886

  • 2b · Program service revenue: Other patient revenue

    total $2,997,315 · related or exempt $2,997,315

  • 2c · Program service revenue: Patient lab revenue

    total $491,767 · related or exempt $491,767

  • 2f · All other program service revenue

    total $716,086 · related or exempt $716,086

  • 3 · Investment income

    total $1,514,033 · excluded $1,514,033

  • 7a · Gross sales of assets other than inventory

    securities $28,754,273

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

    securities $28,637,573 · other assets $6,438

  • 7c · Gain or loss

    securities $116,700 · other assets -$6,438

  • 7d · Net gain or loss

    total $110,262 · excluded $110,262

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,705 · program services $2,705

  • 5 · Compensation of officers, directors and key employees

    total $3,436,957 · program services $1,910,967 · management and general $1,525,990

  • 7 · Other salaries and wages

    total $82,680,131 · program services $68,915,295 · management and general $13,764,836

  • 8 · Pension plan contributions

    total $1,285,447 · program services $937,028 · management and general $348,419

  • 9 · Other employee benefits

    total $6,639,735 · program services $4,813,392 · management and general $1,826,343

  • 10 · Payroll taxes

    total $4,685,543 · program services $3,373,591 · management and general $1,311,952

  • 11c · Fees: accounting

    total $261,147 · program services $164,523 · management and general $96,624

  • 11f · Fees: investment management

    total $62,079 · management and general $62,079

  • 11g · Fees: other

    total $17,546,695 · program services $10,945,140 · management and general $6,601,555

  • 12 · Advertising and promotion

    total $2,173,133 · program services $273,579 · management and general $1,899,554

  • 13 · Office expenses

    total $1,118,322 · program services $380,229 · management and general $738,093

  • 14 · Information technology

    total $5,521,948 · program services $2,485,741 · management and general $3,036,207

  • 16 · Occupancy

    total $7,205,530 · program services $9,287 · management and general $7,196,243

  • 17 · Travel

    total $501,939 · program services $170,659 · management and general $331,280

  • 19 · Conferences, conventions and meetings

    total $320,964 · program services $109,128 · management and general $211,836

  • 20 · Interest

    total $4,516,532 · management and general $4,516,532

  • 22 · Depreciation, depletion and amortization

    total $10,631,527 · program services $9,432,615 · management and general $1,198,912

  • 23 · Insurance

    total $1,552,670 · program services $313,760 · management and general $1,238,910

  • 24a · Other expenses: Medical Supplies

    total $236,159,571 · program services $236,120,619 · management and general $38,952

  • 24b · Other expenses: Repairs/Maintenance

    total $4,460,643 · program services $356,637 · management and general $4,104,006

  • 24c · Other expenses: Dues/Subscriptions/Lice

    total $346,559 · program services $117,830 · management and general $228,729

  • 24d · Other expenses: Dietary Expenses

    total $296,185 · program services $100,703 · management and general $195,482

  • 24e · All other expenses

    total $15,095 · program services $12,189 · management and general $2,906

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $329,319 · end of year $4,161,924

  • 4 · Accounts receivable

    beginning of year $52,425,526 · end of year $58,177,337

  • 7 · Other notes and loans receivable

    beginning of year $404,876 · end of year $498,221

  • 8 · Inventories for sale or use

    beginning of year $4,988,330 · end of year $7,668,811

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,979,257 · end of year $3,918,343

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

    $274,962,533

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

    $82,597,491

  • 10c · Land, buildings and equipment, net

    beginning of year $166,067,476 · end of year $192,365,042

  • 11 · Investments: publicly traded securities

    beginning of year $79,229,180 · end of year $59,040,324

  • 14 · Intangible assets

    beginning of year $10,235,820 · end of year $10,235,820

  • 15 · Other assets

    beginning of year $26,251,850 · end of year $29,296,431

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,019,787 · end of year $63,423,776

  • 19 · Deferred revenue

    beginning of year $4,298,852 · end of year $4,210,011

  • 20 · Tax-exempt bond liabilities

    beginning of year $40,439,880 · end of year $39,684,880

  • 23 · Secured mortgages and notes payable

    beginning of year $99,575,003 · end of year $111,591,016

  • 24 · Unsecured notes and loans payable

    beginning of year $9,232,632 · end of year $0

  • 25 · Other liabilities

    beginning of year $20,373,207 · end of year $19,479,877

  • 27 · Net assets without donor restrictions

    beginning of year $115,188,573 · end of year $120,188,993

  • 28 · Net assets with donor restrictions

    beginning of year $6,783,700 · end of year $6,783,700

Mission and programs · 2022

Mission

To make trusted cancer care accessible for every patient we serve through compassion, innovation and purpose.

Activities or mission (Part I)

Provides multidisciplinary oncology services to cancer patients throughout Arkansas.

  • For more than 40 years, CARTI has been synonymous with cutting-edge, state of the art cancer care treatment in Arkansas. From its origins as one of the nation's leading networks of freestanding, not-for-profit radiation therapy providers to its modern evolution as a comprehensive cancer center, CARTI remains committed to its core mission of providing the finest quality cancer treatment and compassionate patient care while also continuing to improve our knowledge through education and research. CARTI first opened on April 5, 1976 as the central Arkansas radiation therapy institute on the campus of St. Vincent Infirmary Medical Center in Little Rock. Operating as an independent network of radiation therapy providers, CARTI would grow to include ten more satellite locations throughout Arkansas. Continued on Schedule O.CARTI was incorporated in 1970 and opened its first radiation therapy center in little rock on April 5, 1976. Little Rock Hematology/Oncology (lRHO) became part of CARTI on December 1, 2011. Hematology Oncology Services of Arkansas (HOSA) joined the CARTI network on January 1, 2013. Physicians on staff at CARTI include twelve medical oncologists, eight radiation oncologists, three diagnostic radiologists, one surgical oncologist, and one interventional oncologist. CARTI has a statewide network of satellite clinics. Medical oncology is offered in Little Rock, North Little Rock, Benton, Clinton, Conway, El Dorado, Heber Springs, Russellville, and Stuttgart. Radiation oncology is offered in Little Rock, North Little Rock, Conway Mountain Home, and Searcy. Ribbon cutting ceremonies for the CARTI Cancer Center - a new, 170,000 square foot, 90 million multi-story comprehensive treatment facility located in Little Rock were conducted on October 16, 2015. Serving as the administrative hub of the CARTI network, the CARTI Cancer Center is located just south of interstate 630 on a 37.12-acre plot with easy access to I-630 to allow patients easier access to fully integrated cancer care. The CARTI Cancer Center officially opened its doors and began treating patients on November 2, 2015. CARTI treats a wide variety of cancers, with the three most widely treated cancers being breast, lung and colorectal. As the largest not-for-profit network of private practice cancer care specialists in Arkansas, CARTI currently sees an estimated 30,000 patients per year. In addition to utilizing leading-edge radiation therapy to help those Arkansans who are diagnosed with cancer, CARTI has a "ray of hope" network that exists to care for the whole patient. From public education programs like cancer answers; to wellness initiatives like massage therapy. The ray of hope network provides a broad scope of assistance to meet the many and diverse needs of those fighting for their lives, as well as helping the family members who support them. As part of the ray of hope network, CARTI offers a comprehensive counseling and resource program to inform patients of available resources. Social workers assess patient need requests to assist him or her in obtaining the resources necessary to make their cancer treatment possible. Patients who qualify financially are offered assistance in the areas of lodging and transportation as well as financial assistance for prescription medicines and personal needs as they relate to their treatment. During the fiscal year, CARTI patient assistance referrals were made to multiple patients for the following assistance programs: transportation, housing, emotional support, therapeutic massage, dental referrals, and other referrals including but not limited to medicine, nutrition, translation, etc. CARTI is committed to Arkansas communities by providing a tremendous number of outreach programs at no cost to participants. CARTI provides multiple functions throughout the year including: the cancer answers educational luncheon is open to the community for former patients as well as community members to attend and become better informed about issues related to cancer. Weekend retreats are offered at no cost each year for cancer patients and their families to learn coping mechanisms, communication, and resource use. The CARTI Kids Program is a program designed for pediatric cancer survivors and will assist in emotional, physical, and financial challenges as well as provide events and scholarships to the participating children.

    Expenses $340,945,617 · Grants $2,705 · Revenue $377,768,054

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rhonda Gentry MD

    Physician / Director

    Total calculated
    $1,292,946
    From this org
    $1,269,691
    From related orgs
    $0
    Other
    $23,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $639,575
    Bonus
    $626,556
    Other
    $3,560
    Deferred
    $4,337
    Nontaxable benefits
    $18,918
    Filer's total
    $1,292,946

  • Adam Head - PresidentCEO

    Ex-Officio voting Director

    Total calculated
    $677,337
    From this org
    $649,398
    From related orgs
    $0
    Other
    $27,939
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $645,838
    Bonus
    $0
    Other
    $3,560
    Deferred
    $4,750
    Nontaxable benefits
    $23,189
    Filer's total
    $677,337

  • Scott Stern MD - CMO

    Ex-Officio voting Director/Physician

    Total calculated
    $638,310
    From this org
    $613,550
    From related orgs
    $0
    Other
    $24,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $547,039
    Bonus
    $62,951
    Other
    $3,560
    Deferred
    $6,750
    Nontaxable benefits
    $18,010
    Filer's total
    $638,310

  • Terry Vick

    Chair - Ex-Officio voting

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rodney Thomason

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Ardyth Neill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brett Madison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kim Ellis

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rajesh Chokhani

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Catherine Gutierrez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Schawnee Hightower

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matthew Hardee MD Ph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Benham

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judge Mark D Leverett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Styron

    CFO/Treasurer

    Total calculated
    $417,192
    From this org
    $402,222
    From related orgs
    $0
    Other
    $14,970
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $398,662
    Bonus
    $0
    Other
    $3,560
    Deferred
    $8,001
    Nontaxable benefits
    $6,969
    Filer's total
    $417,192

  • Shelia Garner

    Secretary

    Total calculated
    $119,506
    From this org
    $107,504
    From related orgs
    $0
    Other
    $12,002
    Hours/week
    41

  • Jacob Zach-VP Finance

    Assistant Treasurer

    Total calculated
    $138,282
    From this org
    $115,558
    From related orgs
    $0
    Other
    $22,724
    Hours/week
    40 + 2 related

  • Jill Tate - Exec Assistant

    Assistant Secretary

    Total calculated
    $109,280
    From this org
    $85,184
    From related orgs
    $0
    Other
    $24,096
    Hours/week
    40 + 1 related

  • Balagopalan Nair MD

    Medical Oncology

    Total calculated
    $2,153,822
    From this org
    $2,120,597
    From related orgs
    $0
    Other
    $33,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $977,330
    Bonus
    $1,139,707
    Other
    $3,560
    Deferred
    $4,673
    Nontaxable benefits
    $28,552
    Filer's total
    $2,153,822

  • Kamal Patel MD

    Medical Oncology

    Total calculated
    $1,884,672
    From this org
    $1,862,739
    From related orgs
    $0
    Other
    $21,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $942,534
    Bonus
    $916,645
    Other
    $3,560
    Deferred
    $4,673
    Nontaxable benefits
    $17,260
    Filer's total
    $1,884,672

  • Lawrence Mendelsohn MD

    Medical Oncology

    Total calculated
    $1,522,378
    From this org
    $1,494,538
    From related orgs
    $0
    Other
    $27,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $937,889
    Bonus
    $553,089
    Other
    $3,560
    Deferred
    $4,660
    Nontaxable benefits
    $23,180
    Filer's total
    $1,522,378

  • Omer Khalil MD

    Medical Oncology

    Total calculated
    $1,273,137
    From this org
    $1,248,402
    From related orgs
    $0
    Other
    $24,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $642,538
    Bonus
    $602,304
    Other
    $3,560
    Deferred
    $3,946
    Nontaxable benefits
    $20,789
    Filer's total
    $1,273,137

  • Thomas Sneed MD

    Medical Oncology

    Total calculated
    $1,357,765
    From this org
    $1,333,569
    From related orgs
    $0
    Other
    $24,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $682,599
    Bonus
    $647,410
    Other
    $3,560
    Deferred
    $5,400
    Nontaxable benefits
    $18,796
    Filer's total
    $1,357,765

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • CARTI Foundation Inc

    501(c)(3) · Provide support to CARTI and CARTI Cancer Centers, Inc. · AR · controlled entity

    Directly controlled by CARTI Inc

  • CARTI Auxiliary Inc

    501(c)(3) · Provide support to CARTI Foundation Inc. · AR

    Directly controlled by CARTI Foundation Inc

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.

  • CARTI Oncology Solutions LLC

    Clinic management services · AR · income $0 · assets $0

    Directly controlled by Central Arkansas Radiation Therapy Institute Inc

Related corporations and trusts

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

  • CARTI Health System Inc (Dissolved 91522)

    C · Support CARTI and CARTI Foundation · AR

  • CARTI Cancer Centers Inc (Dissolved 111022)

    C · Provide cancer patient services · AR

  • CARTI Holdings Inc (Dissolved 111022)

    C · Support CARTI and CARTI Foundation · AR

  • CARTI Health Services Inc (Dissolved 111022)

    C · Support CARTI and CARTI Foundation · AR

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441349349302149

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