Drew Memorial Hospital Inc

EIN: 352414105 501(c)(3) Health Care

MONTICELLO, AR

Total Revenue
$1,919,952
Total Expenses
$3,415,957
Total Assets
$57,278,661
Net Assets
$7,356,643
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AR
Phone
8703672411
Tax Period
2024-04-01 to 2025-03-31

DREW MEMORIAL HOSPITAL INC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $40.6M in total revenue in fiscal year 2017. Expenses of $35.3M left a modest 13% surplus.

Mission

DREW MEMORIAL IS COMMITTED TO ENHANCING HEALING, HEALTH AND WELLNESS IN SOUTHEAST ARKANSAS. THE HOSPITAL FACILITY WAS LEASED TO BAPTIST HEALTH EFFECTIVE 12/2023, AT WHICH TIME BAPTIST HEALTH TOOK OVER OPERATIONS OF THE HOSPITAL. SINCE THE EFFECTIVE DATE, ACTIVITY CONSISTS OF RENTAL INCOME AND EXPENSES ON REMAINING PROPERTY AND ADMINISTRATIVE DUTIES FROM THE LEASE OF THE HOSPITAL FACILITY. BAPTIST HEALTH IS PROVIDING THE HEALTHCARE SERVICES AND OPERATING THE HOSPITAL THROUGH THE LEASE ARRANGEMENT WITH DREW MEMORIAL HOSPITAL. THE HOSPITAL LICENSE IS OWNED BY BAPTIST HEALTH.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $178,615
Program Service Revenue $936,541
Investment Income $804,796
Other Revenue $0
TOTAL REVENUE $1,919,952

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,237,342
Other Expenses $3,415,957
TOTAL EXPENSES $3,415,957

Year-over-Year Comparison

2024 2023 Change
Revenue $1,919,952 $20,785,138 -0.9%
Expenses $3,415,957 $36,385,065 -0.9%
Net Income $-1,496,005 $-15,599,927 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
27

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL LUCKY BOARD VICE-CHAIRMAN 1.0
Officer Director
$0 $0 $0
MIKE AKIN BOARD CHAIRMAN 1.0
Officer Director
$0 $0 $0
WAYNE OWEN BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
CECILE BLUCKER SMITHSON BOARD DIRECTOR 1.0
Director
$0 $0 $0
JAY JONES BOARD DIRECTOR 1.0
Director
$0 $0 $0
JOSH MCKIEVER BOARD DIRECTOR 1.0
Director
$0 $0 $0
SCOTT BARRILLEAUX PRESIDENT/ADMINISTRATOR 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,919,952 $3,415,957 $57,278,661 $-1,496,005
2024 $20,785,138 $36,385,065 $60,193,987 $-15,599,927
2023 $37,344,625 $44,956,216 $52,697,079 $-7,611,591
2022 $54,246,606 $47,766,865 $65,272,333 $6,479,741
2021 $46,111,450 $44,710,288 $72,103,720 $1,401,162
2020 $42,442,137 $44,512,204 $54,132,252 $-2,070,067
2019 $36,216,900 $39,497,324 $51,693,328 $-3,280,424
2018 $40,594,934 $35,326,220 $50,708,685 $5,268,714
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