Baxter County Regional Hospital Inc
- Assets
- $240.8m
- Revenue
- $260.3m
- Investments
- $0.0
- Employees
- 2,196
- Location
- Mountain Home, AR
- Founding
- 07/1982
- Data as of
- 12/2020
- EIN
- 71-0561765
Organization Overview
Baxter County Regional Hospital Inc, operating under the name Baxter Regional Medical Center, is located in Mountain Home, AR. The organization was established in 1982. 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 12/2021, Baxter Regional Medical Center employed 2,196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baxter Regional 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 12/2020, Baxter Regional Medical Center generated $260.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $243.1m during the year ending 12/2020. While expenses have increased by 5.5% 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
BAXTER REGIONAL MEDICAL CENTER'S MISSION IS TO PROVIDE EXCELLENT CARE FOR EVERY PATIENT, EVERY TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAXTER REGIONAL MEDICAL CENTER OFFERS OVER THIRTY SPECIALIZED SERVICES TO THE COMMUNITIES SERVED IN THE TWIN LAKES AREA. SEE SCHEDULE O FOR 2021 SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Cunningham Treasurer | OfficerTrustee | 6 | $0 |
Randy Hopper Vice Chairman | OfficerTrustee | 6 | $0 |
Lang Zimmerman Chairman | OfficerTrustee | 6 | $0 |
Ted Sanders Secretary | OfficerTrustee | 6 | $0 |
D Fox - See Sch O COO | Officer | 50 | $0 |
R Peterson - See Sch O CEO | Officer | 50 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First In Service Hospitalist Pa Hospitalist | 12/30/21 | $2,191,967 |
Baxter Emergency Group Pllc Er Physicians | 12/30/21 | $1,746,099 |
Nabholz Construction Corp Construction | 12/30/21 | $3,366,209 |
Eclinical Works Billing & Sw Service | 12/30/21 | $1,261,780 |
Medefis Consolidated Staffing | 12/30/21 | $3,050,737 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $644,725 |
| Government grants | $17,664,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,308,766 |
| Total Program Service Revenue | $240,535,513 |
| Investment income | $1,117,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $138,644 |
| Net Gain/Loss on Asset Sales | -$1,013,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,698 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,264,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,785 |
| 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. | $2,294,492 |
| Compensation of current officers, directors, key employees. | $2,294,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,554,836 |
| Pension plan accruals and contributions | $2,281,949 |
| Other employee benefits | $12,888,110 |
| Payroll taxes | $6,664,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $124,072 |
| Fees for services: Accounting | $377,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,463,942 |
| Advertising and promotion | $286,038 |
| Office expenses | $1,468,876 |
| Information technology | $336,506 |
| Royalties | $0 |
| Occupancy | $6,187,947 |
| Travel | $605,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,707,883 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,067,032 |
| Insurance | $1,828,545 |
| All other expenses | $4,284,099 |
| Total functional expenses | $243,093,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,029,526 |
| Savings and temporary cash investments | $79,284,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,287,974 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,181,636 |
| Prepaid expenses and deferred charges | $1,667,637 |
| Net Land, buildings, and equipment | $66,764,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,563,877 |
| Total assets | $240,779,846 |
| Accounts payable and accrued expenses | $45,134,358 |
| Grants payable | $0 |
| Deferred revenue | $7,891,434 |
| Tax-exempt bond liabilities | $39,170,455 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,970,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $139,166,844 |
| Net assets without donor restrictions | $101,605,495 |
| Net assets with donor restrictions | $7,507 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $240,779,846 |
Grants Awarded
Over the last fiscal year, Baxter County Regional Hospital Inc has awarded $44,573 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mountain Home, AR PURPOSE: GENERAL SUPPORT | $35,000 |
14TH JUDICIAL DISTRICT DRUG TASK FORCE PURPOSE: SEE PART IV | $9,573 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Baxter County Regional Hospital Inc has recieved totaling $50,931.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: GENERAL OPERATING SUPPORT | $50,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $131 |
Endowment Analysis
| Beg. Balance | $10,205,024 |
| Earnings | $1,194,352 |
| Net Contributions | $20,000 |
| Grants | $322,286 |
| Ending Balance | $11,097,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Baptist Health Little Rock, AR | $1,838,433,342 | $1,059,132,631 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Ochsner Lsu Health System Of North Louisiana Shreveport, LA | $392,846,528 | $902,271,211 |
Texas Health Harris Methodist Hospital Fort Worth Fort Worth, TX | $650,433,477 | $986,113,649 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Mother Frances Hospital Regional Health Care Center irving, TX | $705,395,204 | $847,366,783 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
North Mississippi Medical Center Inc Tupelo, MS | $1,589,620,172 | $809,459,200 |