Arkansas Methodist Hospital Corporation
- Assets
- $77.9m
- Revenue
- $67.0m
- Investments
- $9.2m
- Employees
- 880
- Location
- Paragould, AR
- Founding
- 04/1951
- Data as of
- 06/2020
- EIN
- 71-0230218
Organization Overview
Arkansas Methodist Hospital Corporation, operating under the name Arkansas Methodist Medical Center, is located in Paragould, AR. The organization was established in 1951. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Arkansas Methodist Medical Center employed 880 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Methodist Medical Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Arkansas Methodist Medical Center generated $67.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $68.9m during the year ending 06/2020. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AMMC IS A COMMUNITY-FOCUSED ORGANIZATION THAT PROVIDES OVERALL LEADERSHIP FOR MEETING THE HEALTHCARE NEEDS OF PARAGOULD AND GREENE COUNTY, ARKANSAS, AS WELL AS SURROUNDING AREAS OF NORTHEAST ARKANSAS AND SOUTHEAST MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMMC IS A COMMUNITY-FOCUSED ORGANIZATION THAT PROVIDES OVERALL LEADERSHIP FOR MEETING THE HEALTHCARE NEEDS OF PARAGOULD AND GREENE COUNTY, ARKANSAS, AS WELL AS SURROUNDING AREAS OF NORTHEAST ARKANSAS AND SOUTHEAST MISSOURI. IN RECOGNITION OF ITS UNIQUE ROLE, AMMC WAS DESIGNATED A RURAL REFERRAL CENTER BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES IN AUGUST 2004. AMMC IS THE ONLY HOSPITAL IN GREENE COUNTY, ARKANSAS, AND PROVIDES A SIGNIFICANT AMOUNT OF CARE AND SERVICE TO INDIGENT PATIENTS COVERED BY THE MEDICAID PROGRAM AS WELL AS OTHER UNINSURED AND UNDERINSURED PATIENTS. AS A RESULT, AMMC IS IDENTIFIED AS A DISPROPORTIONATE SHARE HOSPITAL BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES.DURING FISCAL YEAR 2021, AMMC DISCHARGED 3,536 ADULT AND PEDIATRIC INPATIENTS AND DELIVERED 438 NEWBORNS. THERE WERE APPROXIMATELY 73,526 OUTPATIENT VISITS RANGING FROM OUTPATIENT SURGERY AND CARDIAC CATH LAB PROCEDURES TO DIAGNOSTIC RADIOLOGY AND LABORATORY VISITS. IN ADDITION, OUR EMERGENCY ROOM SAW 20,412 VISITS LAST YEAR AND OUR HOME HEALTH AGENCY MADE 13,541 VISITS. THE AMMC AMBULANCE SERVICE, WITH BASES IN PARAGOULD, CORNING AND RECTOR, MADE 7,007 RUNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bogatch Orthopedist | 40 | $516,087 | |
Mathieu Forgus Otolaryngologist | 40 | $512,125 | |
George Munday Urologist | 40 | $504,478 | |
Robert Warner Surgeon | 40 | $450,015 | |
Jennifer Susoreny-Velgos Surgeon | 40 | $418,363 | |
Barry L Davis COO | Officer | 40 | $238,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Hospitalist Partners Physician Services | 6/29/21 | $849,936 |
Quest Diagnostics Diagnostic Testing | 6/29/21 | $1,357,471 |
Anesthesia Associates Of Paragould Arka Anesthesia Services | 6/29/21 | $588,500 |
Charles Matthew Hollis Anesthesia Services | 6/29/21 | $258,519 |
East Arkansas Emergency Physicians Er Physician Services | 6/29/21 | $523,512 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,876,480 |
| Investment income | $430,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,152 |
| Net Gain/Loss on Asset Sales | -$557,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,012,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $416,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,277,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,516,751 |
| Payroll taxes | $2,027,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,503,460 |
| Advertising and promotion | $230,910 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,640,009 |
| Travel | $160,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $645,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,780,127 |
| Insurance | $602,734 |
| All other expenses | $0 |
| Total functional expenses | $68,903,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,974,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,843,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,607,505 |
| Prepaid expenses and deferred charges | $2,150,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,215,754 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,571,643 |
| Total assets | $77,904,998 |
| Accounts payable and accrued expenses | $24,108,021 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,457,658 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,768 |
| Total liabilities | $39,568,447 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $38,336,551 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Arkansas Methodist Hospital Corporation has recieved totaling $10,180.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: SCHOLARSHIPS AWARDED FOR THE FALL SEMESTER 2021 | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Marys Hospital Ozaukee Inc St Louis, MO | $0 | $119,639,290 |
Leconte Medical Center Knoxville, TN | $91,240,969 | $144,185,798 |
Jane Phillips Memorial Medical Center Inc St Louis, MO | $87,499,100 | $121,263,469 |
Texas Health Presbyterian Hospital Allen Allen, TX | $120,470,783 | $134,687,465 |
Morristown Hamblen Hosp Knoxville, TN | $71,835,132 | $127,114,372 |
Scott & White Hospital-Marble Falls Dallas, TX | $136,173,748 | $124,570,042 |
Ascension Via Christi Hospital Pittsburg Inc St Louis, MO | $71,765,236 | $104,056,265 |
North Arkansas Regional Medical Center Harrison, AR | $103,662,052 | $107,685,242 |
Kings Daughters Medical Center Brookhaven, MS | $101,461,716 | $104,156,146 |
St Marys Hospital St Louis, MO | $116,545,110 | $120,225,742 |
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
Baylor Scott & White Medical Center - Centennial Dallas, TX | $137,105,077 | $106,216,316 |