Little River Medical Center Inc
- Assets
- $9.1m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 192
- Location
- Ashdown, AR
- Founding
- 07/2017
- Data as of
- 06/2021
- EIN
- 81-2677745
Organization Overview
Little River Medical Center Inc, operating under the name Little River Memorial Hospital, is located in Ashdown, AR. The organization was established in 2017. 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, Little River Memorial Hospital employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little River Memorial Hospital 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 06/2021, Little River Memorial Hospital generated $13.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $10.7m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMITTED TO PROVIDING HIGH-QUALITY CARE TO ADDRESS THE NEEDS OF OUR COMMUNITY WITH FOCUSED AND PERSONAL CARE TO EACH CUSTOMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITTLE RIVER MEDICAL CENTER, INC. IS AN ACUTE CARE HOSPITAL LOCATED IN ASHDOWN, ARKANSAS THAT PROVIDES INPATIENT, OUTPATIENT, AND EMERGENCY SERVICES TO PATIENTS IN THE LITTLE RIVER COUNTY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Oglesby MD Surgeon | 40 | $308,735 | |
James Dowell CEO | Officer | 40 | $170,410 |
Jackie Rainey CFO | Officer | 40 | $135,000 |
Sonja Cowen Nurse Practitioner | 40 | $109,588 | |
Branson O'neal Director Of Therapy | 40 | $108,844 | |
Shawn Simmons Physicial Therapist | 40 | $107,174 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bkd Llp Accounting Services | 6/29/21 | $155,992 |
Mallard Gardner Pllc Legal | 6/29/21 | $242,658 |
Jackie Rainey Contract Fin. Srvcs. | 6/29/21 | $135,000 |
Sidney Young Paving | 6/29/21 | $132,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,650,931 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,682,621 |
| Total Program Service Revenue | $10,671,512 |
| Investment income | $1,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,390,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $305,432 |
| Compensation of current officers, directors, key employees. | $305,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,064,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,510 |
| Payroll taxes | $463,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,253 |
| Fees for services: Accounting | $236,986 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,569,336 |
| Advertising and promotion | $3,606 |
| Office expenses | $105,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,368 |
| Travel | $185,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234,007 |
| Insurance | $170,300 |
| All other expenses | $67,944 |
| Total functional expenses | $10,710,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,926 |
| Savings and temporary cash investments | $5,282,820 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,697,505 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $262,587 |
| Prepaid expenses and deferred charges | $67,259 |
| Net Land, buildings, and equipment | $1,494,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,175 |
| Total assets | $9,137,852 |
| Accounts payable and accrued expenses | $771,661 |
| Grants payable | $0 |
| Deferred revenue | $3,218,026 |
| 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 | $857,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,035,349 |
| Total liabilities | $5,882,725 |
| Net assets without donor restrictions | $3,255,127 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,137,852 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Little River Medical Center Inc has recieved totaling $14,296.
| Awarding Organization | Amount |
|---|---|
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $7,148 |
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $7,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Louisiana Health Services Inc DeRidder, LA | $16,426,615 | $49,100,434 |
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Ascension Borgess Allegan Hospital St Louis, MO | $32,866,970 | $39,637,859 |
Siskin Hospital For Physical Rehabilitation Chattanooga, TN | $126,934,150 | $48,552,060 |
Unity Medical Center Inc Manchester, TN | $57,842,404 | $53,886,351 |
Cox-Monett Hospital Inc Monett, MO | $76,112,407 | $40,685,063 |
Smyth County Community Hospital Johnson City, TN | $126,236,373 | $54,851,079 |
Clay County Medical Corporation Tupelo, MS | $32,451,174 | $44,137,468 |
Crossett Health Foundation Crossett, AR | $23,564,892 | $43,338,638 |
Pemiscot County Memorial Hospital Hayti, MO | $28,407,411 | $42,371,229 |
Baptist Memorial Hospital Union City Inc Union City, TN | $31,676,994 | $42,978,738 |
Ouachita County Medical Center Camden, AR | $29,140,039 | $41,190,391 |