Skip to content
Nonprofiteer
← WASHINGTON REGIONAL MEDICAL FOUNDATION

Form 990 for tax year 2023

Filed by WASHINGTON REGIONAL MEDICAL FOUNDATION.

Totals

Total revenue
$5,821,908
Total expenses
$1,633,170
Contributions and grants received
$3,955,005
Grants paid
$237,814
Program service revenue
$967,922
Investment income
$898,981
Other revenue
$0
Total assets, end of year
$34,867,970
Total liabilities, end of year
$6,631,891
Net assets or fund balances, end of year
$28,236,079
Program services expenses (Part IX)
$1,098,783
Management and general expenses
$527,625
Fundraising expenses
$6,762
Program service expenses (Part III)
$1,098,783

Program services were 67.3% 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

    $10,000

  • 1f · All other contributions, gifts and grants

    $3,945,005

  • 2a · Program service revenue: MOB RENTAL

    total $967,922 · related or exempt $967,922

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $657,857 · excluded $657,857

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $12,941,347

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

    securities $12,700,223

  • 7c · Gain or loss

    securities $241,124 · other assets $0

  • 7d · Net gain or loss

    total $241,124 · excluded $241,124

  • 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.

  • 2 · Grants to domestic individuals

    total $237,814 · program services $237,814

  • 5 · Compensation of officers, directors and key employees

    total $154,231 · program services $154,231

  • 7 · Other salaries and wages

    total $109,527 · program services $109,527

  • 9 · Other employee benefits

    total $27,766 · program services $27,766

  • 10 · Payroll taxes

    total $18,284 · program services $18,284

  • 11g · Fees: other

    total $53,254 · program services $28,865 · management and general $24,389 · fundraising $0

  • 12 · Advertising and promotion

    total $1,205 · program services $653 · management and general $552

  • 13 · Office expenses

    total $78,190 · program services $42,381 · management and general $29,047 · fundraising $6,762

  • 16 · Occupancy

    total $104,416 · program services $56,597 · management and general $47,819

  • 17 · Travel

    total $5,101 · program services $2,765 · management and general $2,336

  • 20 · Interest

    total $307,569 · program services $181,675 · management and general $125,894

  • 22 · Depreciation, depletion and amortization

    total $486,501 · program services $206,324 · management and general $280,177

  • 23 · Insurance

    total $9,741 · program services $5,280 · management and general $4,461

  • 24a · Other expenses: BANK CHARGES

    total $17,142 · program services $9,292 · management and general $7,850

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $11,290 · program services $11,290

  • 24c · Other expenses: FOOD

    total $6,829 · program services $3,702 · management and general $3,127

  • 24d · Other expenses: LICENSES & FEES

    total $1,561 · program services $847 · management and general $714

  • 24e · All other expenses

    total $2,749 · program services $1,490 · management and general $1,259 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $2,036,386 · end of year $1,483,804

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $10,315 · end of year $26,944

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,707 · end of year $9,414

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

    $12,723,534

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

    $4,004,738

  • 10c · Land, buildings and equipment, net

    beginning of year $9,205,297 · end of year $8,718,796

  • 11 · Investments: publicly traded securities

    beginning of year $8,931,595 · end of year $15,751,690

  • 12 · Investments: other securities

    beginning of year $2,744,769

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,950,478 · end of year $8,877,322

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,148 · end of year $32,572

  • 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 $6,902,116 · end of year $6,599,319

  • 25 · Other liabilities

    beginning of year $13,761 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $16,323,607 · end of year $19,690,160

  • 28 · Net assets with donor restrictions

    beginning of year $5,611,915 · end of year $8,545,919

Mission and programs · 2023

Mission

To support the mission of Washington Regional Medical System by promoting healthcare improvement through philanthropy and outreach services.

Activities or mission (Part I)

THE COMPANY OPERATES AS A FUND-RAISING ORGANIZATION FOR THE BENEFIT OF WASHINGTON REGIONAL MEDICAL CENTER AND OTHER HEALTH RELATED NON-PROFIT COMMUNITY ORGS.

  • THE CANCER SUPPORT HOME (CSH) PROVIDES SERVICES TO PATIENTS THROUGHOUT THE REGION. THE MISSION OF THE CSH IS TO PROVIDE HOPE AND COMFORT TO THOSE LEARNING TO LIVE WITH CANCER. SUPPORT SERVICES ARE PROVIDED AT NO COST, AND INCLUDE SUPPORT GROUPS, A RESOURCE LIBRARY, A BOUTIQUE WITH WIGS, HATS, TURBANS AND MASTECTOMY SUPPLIES, OVERNIGHT LODGING, COUNSELING SERVICES, ART AND EXERCISE PROGRAMS. IN ADDITION, COMMUNITY EDUCATION AND FREE CANCER SCREENING ARE PROVIDED THROUGHOUT THE YEAR.

    Expenses $889,978 · Grants $134,711 · Revenue $967,922

  • FAITH IN ACTION (FIA) IS A VOLUNTEER-BASED ORGANIZATION PROVIDING HOMEBOUND SENIORS WITH FREE NON-MEDICAL SERVICES TO HELP PROMOTE THEIR INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE.

    Expenses $109,296 · Grants $3,594

  • THE BENEVOLENCE FUND AT THE FOUNDATION IS FUNDED BY DONATIONS FROM EMPLOYEES THROUGHOUT WASHINGTON REGIONAL MEDICAL SYSTEM. THE FUNDS ARE PROVIDED TO OTHER EMPLOYEES WHO ARE EXPERIENCING PERSONAL HARDSHIPS AND ARE IN NEED OF FINANCIAL ASSISTANCE IN MAKING THEIR RENT, MORTGAGE, UTILITY OR SIMILAR PAYMENTS. THE APPLICATIONS ARE REVIEWED AND APPROVED BY A COMMITTEE WHO MEETS ON A REGULAR BASIS.

    Expenses $99,509 · Grants $99,509

As filed on the 2023 return.

Listed in Part VII

  • Alex Bodishbaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ann Rosso

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Knotts

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bo Renner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carl Collier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Russell

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Denise Garner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diana Dominguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Hanby

    INCOMING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Head

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jacob Hudson

    OUTGOING SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jane Gearhart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Yurachek

    INCOMING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Berry

    BOARD MEMBER

    Total calculated
    $770,848
    From this org
    $0
    From related orgs
    $736,459
    Other
    $34,389
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $431,499 related
    Bonus
    $0 + $303,650 related
    Other
    $0 + $1,310 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $24,489 related
    Filer's total
    $0 + $770,848 related

  • Katy Garner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelli Gemmell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marti Sharkey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Missy Kincaid

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phil Whitehead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Pendergraft

    INCOMING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Kley

    OUTGOING BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Creer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stacy Hanby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Steven Hinds

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tamara Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Eckels

    OUTGOING TREASURER

    Total calculated
    $524,570
    From this org
    $0
    From related orgs
    $484,729
    Other
    $39,841
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $99,915 related
    Bonus
    $0
    Other
    $0 + $384,814 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $29,941 related
    Filer's total
    $0 + $524,570 related

  • Dennis Burrows

    INCOMING TREASURER

    Total calculated
    $182,667
    From this org
    $0
    From related orgs
    $162,091
    Other
    $20,576
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,814 related
    Bonus
    $0
    Other
    $0 + $277 related
    Deferred
    $0 + $4,996 related
    Nontaxable benefits
    $0 + $15,580 related
    Filer's total
    $0 + $182,667 related

  • Larry Shackelford

    PRESIDENT & CEO

    Total calculated
    $942,664
    From this org
    $0
    From related orgs
    $913,130
    Other
    $29,534
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $763,113 related
    Bonus
    $0
    Other
    $0 + $150,017 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $19,634 related
    Filer's total
    $0 + $942,664 related

  • Nancy Cozart

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $154,231
    From this org
    $140,547
    From related orgs
    $0
    Other
    $13,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,766
    Bonus
    $108
    Other
    $673
    Deferred
    $4,353
    Nontaxable benefits
    $9,331
    Filer's total
    $154,231

  • Thomas Olmstead

    GENERAL COUNSEL

    Total calculated
    $543,242
    From this org
    $0
    From related orgs
    $510,998
    Other
    $32,244
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,198 related
    Bonus
    $0
    Other
    $0 + $51,800 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $22,344 related
    Filer's total
    $0 + $543,242 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 4a Severance or change-of-control payment
DANIEL ECKELS - $41,667
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS HAD VESTED AMOUNTS FROM THE 457(F) PLAN FOR 2023: LARRY SHACKELFORD - $146,822 TOM OLMSTEAD - $49,264 DAN ECKELS - $16,406

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
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202402989349301710

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.