Magnolia Regional Health System Inc
- Assets
- $47.3m
- Revenue
- $38.3m
- Investments
- $0.0
- Employees
- 230
- Location
- Magnolia, AR
- Founding
- Data as of
- 09/2021
- EIN
- 85-0512754
Organization Overview
Magnolia Regional Health System Inc, operating under the name Magnolia Regional Medical Center, is located in Magnolia, AR. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, Magnolia Regional Medical Center employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magnolia 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND EDUCATION TO ALL INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 CARE AND SPECIALTY SERVICES IN GENERAL SURGERY, GYNECOLOGY, AND ORTHOPEDIC SURGERY. DURING 2021, MAGNOLIA REGIONAL MEDICAL CENTER RESPONDED TO THE COVID-19 PANDEMIC BY PROVIDING OVER 2,000 VACCINATIONS TO PATIENTS IN OUR COMMUNITY. THIS IS IN ADDITION TO PROVIDING 4,588 COVID TESTS AND CARING FOR OUR PATIENTS WITH COVID-19 IN THE EMERGENCY ROOM, AS INPATIENTS, OUTPATIENTS AND IN OUR CLINICS DURING THE CRISIS. MRMC STAFF ALSO PARTICIPATED IN PROVIDING EDUCATION TO THE COMMUNITY, DRIVE-THRU COVID VACCINATION CLINICS OFFERED BY OTHER ORGANIZATIONS, AND AT THE LOCAL SCHOOLS. EMBRACING OUR MISSION TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND 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 FY2021 THE MEDICAL CENTER SERVED 352 PATIENTS WHO ACCESSED OUR SERVICES AFTER QUALIFYING THROUGH OUR CHARITY CARE GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Scow Physician | 40 | $365,610 | |
Fred Murphy Hospitalist | 40 | $314,348 | |
Rex Jones CEO | Officer | 40 | $261,802 |
Anselm Tintinu General Surgeon | 40 | $241,969 | |
Patricia Bocan Crna | 0 | $237,797 | |
Roxane Stewart CFO | Officer | 40 | $160,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qualvis Travel Nurse Staff | 9/29/21 | $187,777 |
University Of Arkansas Medical Scie Resident Program | 9/29/21 | $167,204 |
Bkdllp Accounting | 9/29/21 | $117,539 |
Emergency Staffing Solutions Er Physician Staff | 9/29/21 | $249,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,699,580 |
| 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 | $11,699,580 |
| Total Program Service Revenue | $25,662,907 |
| Investment income | $98,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $848 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,324,367 |
| 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. | $560,701 |
| Compensation of current officers, directors, key employees. | $560,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,999,647 |
| Pension plan accruals and contributions | $382,596 |
| Other employee benefits | $2,317,995 |
| Payroll taxes | $792,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,955 |
| Fees for services: Accounting | $117,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,036,639 |
| Advertising and promotion | $48,517 |
| Office expenses | $143,388 |
| Information technology | $483,079 |
| Royalties | $0 |
| Occupancy | $804,096 |
| Travel | $67,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,958,678 |
| Insurance | $454,119 |
| All other expenses | $736,377 |
| Total functional expenses | $27,589,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003,940 |
| Savings and temporary cash investments | $12,052,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,991,354 |
| Loans from Officers, Directors, or Controlling Persons | $81,677 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $293,127 |
| Prepaid expenses and deferred charges | $520,745 |
| Net Land, buildings, and equipment | $26,461,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $867,110 |
| Total assets | $47,271,898 |
| Accounts payable and accrued expenses | $4,207,405 |
| Grants payable | $0 |
| Deferred revenue | $469,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $263,481 |
| Secured mortgages and notes payable | $862,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,262,245 |
| Total liabilities | $7,065,384 |
| Net assets without donor restrictions | $15,127,968 |
| Net assets with donor restrictions | $25,078,546 |
| 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 | $47,271,898 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Magnolia Regional Health System Inc has recieved totaling $29,534.
| Awarding Organization | Amount |
|---|---|
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $14,767 |
Arkansas Hospital Association Inc Little Rock, AR PURPOSE: COVID-19 GRANT | $14,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
El Paso Childrens Hospital Corporation El Paso, TX | $72,914,355 | $147,152,707 |
Texas Health Hospital Frisco Frisco, TX | $242,640,030 | $130,956,692 |
Saint Francis Hospital South Llc Tulsa, OK | $114,076,778 | $195,396,354 |
Takoma Regional Hospital Inc Johnson City, TN | $67,567,737 | $101,642,721 |
Bhmc-Conway Little Rock, AR | $132,811,790 | $94,715,351 |
United States Catholic Conference Ada, OK | $58,995,230 | $102,251,380 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
St Lukes Community Development Corporation-Sugar Land Houston, TX | $42,902,809 | $91,369,437 |
Baylor Scott & White Medical Centers-Capitol Area Dallas, TX | $172,997,823 | $85,531,678 |
Val Verde Hospital Corporation Del Rio, TX | $49,343,518 | $78,467,797 |
Medical Foundation Of Central Mississippi Inc Jackson, MS | $28,755,381 | $68,122,317 |
United States Catholic Conference Baton Rouge, LA | $64,080,884 | $84,960,844 |