Skip to content
Nonprofiteer
← MAGNOLIA REGIONAL HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by MAGNOLIA REGIONAL HEALTH SYSTEM INC.

Totals

Total revenue
$25,934,725
Total expenses
$31,437,237
Contributions and grants received
$1,108,162
Grants paid
$0
Program service revenue
$24,288,679
Investment income
$294,130
Other revenue
$243,754
Total assets, end of year
$39,532,475
Total liabilities, end of year
$6,413,972
Net assets or fund balances, end of year
$33,118,503
Program services expenses (Part IX)
$25,769,359
Management and general expenses
$5,667,878
Fundraising expenses
$0
Program service expenses (Part III)
$25,769,359

Program services were 82.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $214,133

  • 1e · Government grants (contributions)

    $859,172

  • 1f · All other contributions, gifts and grants

    $34,857

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $23,403,265 · related or exempt $23,403,265

  • 2b · Program service revenue: 340B REVENUE

    total $704,842 · related or exempt $704,842

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $98,821 · related or exempt $98,821

  • 2d · Program service revenue: KIDS FIRST REVENUE

    total $57,056 · related or exempt $57,056

  • 2e · Program service revenue: TRICARE REVENUE

    total $6,688 · related or exempt $6,688

  • 2f · All other program service revenue

    total $18,007 · related or exempt $18,007 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $294,130 · excluded $294,130

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · excluded $0

  • 5 · Royalties

    total $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 11a · Other revenue: REIMBURSEMENTS & REBATES

    total $222,769 · excluded $222,769

  • 11b · Other revenue: AUXILIARY REVENUE

    total $19,746 · excluded $19,746

  • 11c · Other revenue: PURCHASE DISCOUNTS

    total $1,239 · excluded $1,239

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $243,754

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $569,532 · program services $0 · management and general $569,532 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $12,099,796 · program services $9,760,735 · management and general $2,339,061 · fundraising $0

  • 8 · Pension plan contributions

    total $201,838 · program services $162,820 · management and general $39,018 · fundraising $0

  • 9 · Other employee benefits

    total $2,285,232 · program services $1,843,464 · management and general $441,768 · fundraising $0

  • 10 · Payroll taxes

    total $871,428 · program services $702,969 · management and general $168,459 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $37,549 · program services $30,290 · management and general $7,259 · fundraising $0

  • 11c · Fees: accounting

    total $184,451 · program services $148,794 · management and general $35,657 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $3,232,888 · program services $2,607,925 · management and general $624,963 · fundraising $0

  • 12 · Advertising and promotion

    total $40,748 · program services $32,871 · management and general $7,877 · fundraising $0

  • 13 · Office expenses

    total $129,833 · program services $104,734 · management and general $25,099 · fundraising $0

  • 14 · Information technology

    total $529,142 · program services $426,851 · management and general $102,291 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $432,483 · program services $348,878 · management and general $83,605 · fundraising $0

  • 17 · Travel

    total $84,372 · program services $68,062 · management and general $16,310 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $90,057 · program services $72,648 · management and general $17,409 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,936,652 · program services $2,368,956 · management and general $567,696 · fundraising $0

  • 23 · Insurance

    total $535,001 · program services $431,578 · management and general $103,423 · fundraising $0

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $4,494,328 · program services $4,494,328 · management and general $0 · fundraising $0

  • 24b · Other expenses: PHARMACY

    total $919,079 · program services $741,408 · management and general $177,671 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $693,382 · program services $559,341 · management and general $134,041 · fundraising $0

  • 24d · Other expenses: LAB

    total $442,114 · program services $356,647 · management and general $85,467 · fundraising $0

  • 24e · All other expenses

    total $627,332 · program services $506,060 · management and general $121,272 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $762,597 · end of year $598,691

  • 2 · Savings and temporary cash investments

    beginning of year $10,096,252 · end of year $6,864,559

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,984,198 · end of year $4,940,140

  • 5 · Loans and receivables from officers and key people

    beginning of year $53,392 · end of year $26,065

  • 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 $287,825 · end of year $308,948

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,865 · end of year $635,001

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

    $30,724,239

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

    $6,539,168

  • 10c · Land, buildings and equipment, net

    beginning of year $25,405,250 · end of year $24,185,071

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,367,345 · end of year $1,974,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,465,992 · end of year $3,085,122

  • 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 $230,574 · end of year $196,885

  • 23 · Secured mortgages and notes payable

    beginning of year $1,165,545 · end of year $986,388

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,664,197 · end of year $2,145,577

  • 27 · Net assets without donor restrictions

    beginning of year $14,755,304 · end of year $10,192,956

  • 28 · Net assets with donor restrictions

    beginning of year $23,868,112 · end of year $22,925,547

Mission and programs · 2022

Mission

TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND EDUCATION TO ALL INDIVIDUALS.

  • MAGNOLIA REGIONAL MEDICAL CENTER (MRMC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. SERVING SOUTHWESTERN ARKANSAS AND NORTHWESTERN LOUISIANA SINCE 1939, THE MEDICAL CENTER PROVIDES ACUTE CARE SERVICES INCLUDING INPATIENT SERVICES, SURGICAL SERVICES, OUTPATIENT DIAGNOSTICS, AND EMERGENCY SERVICES. THE MEDICAL CENTER ALSO HAS A CLINIC NETWORK THAT PROVIDES PRIMARY CAR AND SPECIALTY SERVICES IN GENERAL SURGERY AND ORTHOPEDIC SURGERY. EMBRACING OUR MISSION TO PROVIDE EXCELLENT HEALTHCARE SERVICES AN EDUCATION TO ALL INDIVIDUALS, THE MEDICAL CENTER REALIZES MANY INDIVIDUALS DO NOT POSSESS THE FINANCIAL RESOURCES TO ACCESS ESSENTIAL HEALTHCARE SERVICES. INDIVIDUALS WHO MEET OUR CHARITY CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2023, PROVIDED DISCOUNTED SERVICES OF $919,687. IN ADDITION TO UNCOMPENSATED COSTS, MRMC COMMITS SIGNFICANT TIME AND RESOURCES TO ENDEAVORS AND CRITICAL SERVICES THAT MEET OTHERWISE UNFILLED COMMUNITY NEEDS. MANY OF THESE ACTIVITIES ARE SPONSORED WITH THE KNOWLEDGE THAT THEY WILL NOT BE SELF-SUPPORTING OR FINANCIALLY VIABLE. SUCH PROGRAMS INCLUDE HEALTH SCREENINGS AND ASSESSMENTS, COMMUNITY EDUCATIONAL SERVICES AND VARIOUS SUPPORT GROUPS. CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2023 THE MEDICAL CENTER SERVED 440 PATIENTS WHO ACCESSED OUR SERVICES AFTER QUALIFYING THROUGH OUR CHARITY CARE GUIDELINES.

    Expenses $25,769,359 · Revenue $24,288,679

As filed on the 2022 return.

Listed in Part VII

  • Angie Glass

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.3

  • Johnathan Alexander Jr

    Chairman

    Total calculated
    $83,303
    From this org
    $83,303
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Todd Emmert

    Secretary

    Total calculated
    $0
    Hours/week
    0.3

  • Brad Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Whitener

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Baird

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wally Wood

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brett Kinman

    CEO

    Total calculated
    $178,514
    From this org
    $172,250
    From related orgs
    $0
    Other
    $6,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,264
    Filer's total
    $178,514

  • Rex Jones

    CEO Through 04/24/2022

    Total calculated
    $133,101
    From this org
    $123,447
    From related orgs
    $0
    Other
    $9,654
    Hours/week
    40

  • Roxane Stewart

    CFO

    Total calculated
    $178,672
    From this org
    $163,892
    From related orgs
    $0
    Other
    $14,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,892
    Bonus
    $0
    Other
    $0
    Deferred
    $3,933
    Nontaxable benefits
    $10,847
    Filer's total
    $178,672

  • Stephanie Schmittou

    CNO

    Total calculated
    $137,325
    From this org
    $116,569
    From related orgs
    $0
    Other
    $20,756
    Hours/week
    40

  • Anselm Tintinu

    General Surgeon

    Total calculated
    $431,164
    From this org
    $404,900
    From related orgs
    $0
    Other
    $26,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $404,900
    Bonus
    $0
    Other
    $0
    Deferred
    $5,815
    Nontaxable benefits
    $20,449
    Filer's total
    $431,164

  • Fred Murphy

    Hospitalist

    Total calculated
    $326,213
    From this org
    $299,464
    From related orgs
    $0
    Other
    $26,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $299,464
    Bonus
    $0
    Other
    $0
    Deferred
    $9,000
    Nontaxable benefits
    $17,749
    Filer's total
    $326,213

  • James K Rudder

    Orthopedic Surgeon

    Total calculated
    $740,023
    From this org
    $724,874
    From related orgs
    $0
    Other
    $15,149
    Hours/week
    27.7

    Schedule J breakdown matched by us

    Base
    $724,874
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,149
    Filer's total
    $740,023

  • Patricia Bocan

    CRNA

    Total calculated
    $191,992
    From this org
    $182,325
    From related orgs
    $0
    Other
    $9,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,825
    Bonus
    $2,500
    Other
    $0
    Deferred
    $5,398
    Nontaxable benefits
    $4,269
    Filer's total
    $191,992

  • Roger Scow Jr

    OB GYN Physician

    Total calculated
    $377,536
    From this org
    $361,203
    From related orgs
    $0
    Other
    $16,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $361,203
    Bonus
    $0
    Other
    $0
    Deferred
    $7,854
    Nontaxable benefits
    $8,479
    Filer's total
    $377,536

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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202422269349300827

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

The source document this was parsed from is served over the API, which is where bulk and document access live.