NORTH MISSISSIPPI MEDICAL CENTER INC

EIN: 640662976 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$985,057,332
Total Expenses
$901,652,908
Total Assets
$1,625,938,304
Net Assets
$1,119,281,746
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
DE
Phone
6623773978
Tax Period
2023-10-01 to 2024-09-30

NORTH MISSISSIPPI MEDICAL CENTER INC, founded in 1982, is a major nonprofit in the Health Care sector that reported $985.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $901.7M left a modest 8% surplus.

Mission

NORTH MISSISSIPPI MEDICAL CENTER (NMMC) IS A 650-BED REGIONAL REFERRAL CENTER IN TUPELO, MS. NMMC SERVES MORE THAN 700,000 PEOPLE IN 24 COUNTIES IN NORTH MISSISSIPPI, NORTHWEST ALABAMA AND PORTIONS OF TENNESSEE. NMMC IS THE LARGEST HOSPITAL THAT IS PART OF THE NORTH MISSISSIPPI HEALTH SERVICES (NMHS) ORGANIZATION. THE MISSION OF NMHS IS TO CONTINUOUSLY IMPROVE THE HEALTH OF THE PEOPLE OF OUR REGION. NMMC WORKS TO ACHIEVE THIS CORPORATE MISSION TO IMPROVE THE HEALTH OF THE PEOPLE OF THIS REGION BY PROVIDING CONVENIENTLY ACCESSIBLE, COST-EFFECTIVE HEALTH CARE OF THE HIGHEST QUALITY.

Program Service Accomplishments

Program 1
Expenses: $829,823,600 Revenue: $929,245,532

NORTH MISSISSIPPI MEDICAL CENTER (NMMC) SERVES MORE THAN 700,000 PEOPLE IN 24 COUNTIES IN NORTH MISSISSIPPI, NORTHWEST ALABAMA AND PORTIONS OF TENNESSEE. IN FISCAL YEAR 2024, THERE WERE 23,128...

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NORTH MISSISSIPPI MEDICAL CENTER (NMMC) SERVES MORE THAN 700,000 PEOPLE IN 24 COUNTIES IN NORTH MISSISSIPPI, NORTHWEST ALABAMA AND PORTIONS OF TENNESSEE. IN FISCAL YEAR 2024, THERE WERE 23,128 INPATIENT ADMISSIONS, 66,910 EMERGENCY DEPARTMENT VISITS, 639,933 OUTPATIENT VISITS, 36,674 RURAL HEALTH CLINIC VISITS, AND 524,978 HOSPITAL BASED CLINIC VISITS. NMMC USES PRESS GANEY, THE LARGEST PATIENT SATISFACTION SURVEY COMPANY IN THE NATION, THAT WORKS WITH MORE THAN 7,000 HEALTHCARE FACILITIES. RANDOMLY SELECTED PATIENTS ARE ASKED ABOUT THEIR EXPERIENCE WITH NMHS INPATIENT, OUTPATIENT, ER, HOME HEALTH AND LONG-TERM CARE SERVICES. AREA RESIDENTS HAVE ACCESS TO A MEDICAL STAFF REPRESENTING MORE THAN 40 MEDICAL SPECIALTIES, AS WELL AS CENTERS OF EXCELLENCE IN CANCER TREATMENT AND RESEARCH, NEUROLOGY, NEUROSURGERY, CARDIAC SURGERY, CARDIOLOGY, PULMONOLOGY, REHABILITATION, CHEMICAL DEPENDENCY AND NEONATAL PROGRAMS. IN ADDITION, THE NMMC HOME HEALTH AGENCY SERVES PATIENTS IN 17 COUNTIES IN NORTH MISSISSIPPI AND OFFERS MANY COMPLEX AND EXTREMELY HIGH-TECH PROCEDURES THAT CAN BE PERFORMED IN THE HOME SETTING. NMMC IS DESIGNATED AS A LEVEL II TRAUMA CENTER BY THE MISSISSIPPI STATE DEPARTMENT OF HEALTH. TO RECEIVE THIS DESIGNATION, FACILITIES MUST OFFER A FULL RANGE OF TRAUMA CAPABILITIES, INCLUDING AN EMERGENCY DEPARTMENT, A FULL-SERVICE SURGICAL SUITE, INTENSIVE CARE UNIT AND DIAGNOSTIC IMAGING, AS WELL AS MAKE A COMMITMENT TO CONSISTENTLY MEET NATIONAL GUIDELINES OR STANDARDS IN CARING FOR TRAUMA PATIENTS. IN 2006, NMMC-TUPELO RECEIVED THE MALCOLM BALDRIGE NATIONAL QUALITY AWARD FOR INNOVATIVE PRACTICES, A COMMITMENT TO EXCELLENCE AND OUTSTANDING RESULTS. THIS AWARD IS A SYMBOL OF WORLD-CLASS PERFORMANCE AND IS THE NATION'S HIGHEST PRESIDENTIAL HONOR FOR ORGANIZATIONAL PERFORMANCE EXCELLENCE. NMMC IS A PARTICIPANT IN QUEST (QUALITY, EFFICIENCY, SAFETY, WITH TRANSPARENCY), A NATIONAL INITIATIVE SPONSORED BY FELLOW 2006 BALDRIGE RECIPIENT PREMIER. NMMC BENCHMARKS ITS QUALITY MEASURES AGAINST THE VERY BEST HOSPITALS AND HEALTH SYSTEMS IN THE UNITED STATES. THIS COLLABORATIVE EFFORT ENABLES NMMC'S PHYSICIANS, NURSES AND ANALYSTS TO LEARN FROM THOSE WITH THE BEST RESULTS IN PATIENT SATISFACTION, COST OF CARE AND APPROPRIATENESS OF CARE. QUEST IS ONE WAY THAT NMMC IS CONTINUALLY WORKING TO IMPROVE PATIENT SAFETY AND QUALITY WHILE SAFELY REDUCING HEALTH CARE COSTS. ONE OF THE PRIMARY WAYS NORTH MISSISSIPPI MEDICAL CENTER (NMMC) SERVES THE COMMUNITY IS BY PROVIDING CARE TO VARIOUS POPULATIONS FOR WHICH IT RECEIVES NO COMPENSATION OR RECEIVES COMPENSATION AT RATES SIGNIFICANTLY LESS THAN ESTABLISHED RATES. THE BOARD OF DIRECTORS OF NMMC HAS ESTABLISHED A POLICY UNDER WHICH NMMC PROVIDES CARE, WITHOUT CHARGE, TO NEEDY MEMBERS OF ITS COMMUNITY. THE FINANCIAL ASSISTANCE POLICY STATES THAT NMMC WILL PROVIDE EMERGENCY AND MEDICALLY NECESSARY INPATIENT AND OUTPATIENT HOSPITAL SERVICES TO PATIENTS FREE OF CHARGE WITH HOUSEHOLD INCOME LEVELS AT OR BELOW 150% OF THE FEDERAL POVERTY LEVEL. THE POLICY APPLIES TO INDIVIDUALS WHO RESIDE IN NMMC'S 24-COUNTY SERVICE AREA, AS DEFINED BY THE POLICY. PATIENTS FROM OUTSIDE THE SERVICE AREA MAY ALSO BE GRANTED CHARITY CARE BASED ON THE JUDGMENT OF NMMC MANAGEMENT DEPENDING ON THEIR INDIVIDUAL CIRCUMSTANCES. THE POLICY ALSO REQUIRES THE PATIENT TO COOPERATE FULLY WITH NMMC'S REQUEST FOR INFORMATION WITH WHICH TO VERIFY THE PATIENT'S ELIGIBILITY. FOLLOWING THAT POLICY, NMMC MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. CHARGES FOREGONE, BASED ON ESTABLISHED RATES, TOTALED APPROXIMATELY $58,586,421 IN FISCAL YEAR 2024. BASED ON THE GROSS CHARGES PROVIDED TO CHARITY PATIENTS COMPARED TO TOTAL HOSPITAL GROSS CHARGES, 3.21% OF ALL SERVICES IN FISCAL YEAR 2024 WERE PROVIDED ON A CHARITY BASIS. THE NET COST OF CHARITY CARE PROVIDED BY NMMC WAS APPROXIMATELY $27,300,134 IN FISCAL YEAR 2024. THE TOTAL COST ESTIMATE IS BASED ON THE RATIO OF COSTS TO CHARGES FOR NMMC. ALL OF THE FOREGONE CHARGES MENTIONED ABOVE ARE NETTED AGAINST PATIENT SERVICE REVENUE TO ARRIVE AT NET PATIENT SERVICE REVENUE AS REFLECTED AS PROGRAM SERVICE REVENUE ON PART VIII OF FORM 990 IN ORDER TO BE CONSISTENT WITH FINANCIAL STATEMENT REPORTING AND ARE NOT REPORTED AS FUNCTIONAL EXPENSES ON THE TAX RETURN.

Program 2
Expenses: $719,385 Revenue: $0

NORTH MISSISSIPPI MEDICAL CENTER EMPLOYS CERTIFIED ATHLETIC TRAINERS WHO PROVIDE SERVICES TO HIGH SCHOOLS IN THE SERVICE AREA AT NO COST. THE TRAINERS WORK WITH THE SPORTS TEAMS AT THESE SCHOOLS ON A...

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NORTH MISSISSIPPI MEDICAL CENTER EMPLOYS CERTIFIED ATHLETIC TRAINERS WHO PROVIDE SERVICES TO HIGH SCHOOLS IN THE SERVICE AREA AT NO COST. THE TRAINERS WORK WITH THE SPORTS TEAMS AT THESE SCHOOLS ON A DAILY BASIS DURING PRACTICE AND TRAINING, AS WELL AS AT IN-SEASON COMPETITIONS. THE COST OF PROVIDING THESE SERVICES WAS APPROXIMATELY $719,385 IN FISCAL YEAR 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,483,519
Program Service Revenue $929,245,532
Investment Income $52,399,366
Other Revenue $1,928,915
TOTAL REVENUE $985,057,332

Expense Breakdown

Grants Paid $269,150
Salaries & Benefits $408,397,731
Fundraising Expenses $0
Program Expenses $830,542,985
Other Expenses $492,986,027
TOTAL EXPENSES $901,652,908

Year-over-Year Comparison

2023 2022 Change
Revenue $985,057,332 $863,319,397 +0.1%
Expenses $901,652,908 $824,509,712 +0.1%
Net Income $83,404,424 $38,809,685 +1.1%
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
13
Independent Members
13
Employees
5404
Volunteers
88

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
$2,986,455
Total Directors
13
$0
Key Employees
9
$3,484,117
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM SLIMAN CHAIRMAN 1.0
Officer Director
$0 $0 $0
BARRY BERTOLET MD DIRECTOR 1.0
Director
$0 $0 $0
CK WHITE MD DIRECTOR 1.0
Director
$0 $0 $0
GARY SPARKMAN DIRECTOR 1.0
Director
$0 $0 $0
JIM GOODWIN DIRECTOR 1.0
Director
$0 $0 $0
KEVIN BURGESS DIRECTOR 1.0
Director
$0 $0 $0
KEVIN CHAPMAN DIRECTOR 1.0
Director
$0 $0 $0
MILAM HUGHES MD DIRECTOR 1.0
Director
$0 $0 $0
MONT BERRY MD DIRECTOR 1.0
Director
$0 $0 $0
RONALD A YOUNG MD DIRECTOR 1.0
Director
$0 $0 $0
SAM PACE MD DIRECTOR 1.0
Director
$0 $0 $0
SCOTT HENDRIX DIRECTOR 1.0
Director
$0 $0 $0
SKIPPER HOLLIMAN DIRECTOR 1.0
Director
$0 $0 $0
BRUCE TOPPIN SECRETARY 10.0
Officer
$0 $14,992 $682,564
DAVID WILSON PRESIDENT 10.0
Officer
$0 $26,700 $1,267,121
SHARON NOBLES TREASURER 10.0
Officer
$0 $29,248 $1,036,770
ANGELA LAMBERT VP - CHIEF NURSING EXECUTIVE 40.0
Key Emp
$339,910 $10,108 $350,018
ANGIE F EVERETT VP - POST ACUTE & REHAB SVC 40.0
Key Emp
$327,127 $14,187 $341,314
DAVID PIZZIMENTI ASSOC CHIEF MEDICAL OFFICER 40.0
Key Emp
$891,272 $11,250 $902,522
DOMINGO VALPUESTA VP - PHARMACY & MED IMAGING 40.0
Key Emp
$253,643 $13,455 $267,098
ELLEN H FRILOUX VP - WOMENS & PEDIATRIC SVC 40.0
Key Emp
$243,316 $7,152 $250,468
LYNN HOLLAND CFO 30.0
Key Emp
$0 $10,611 $361,043
ROBERT SMITH VP - BEHAVIORAL HEALTH 40.0
Key Emp
$205,294 $17,613 $222,907
TODD DAVIS VP - FACILITIES MGMT 40.0
Key Emp
$322,365 $7,329 $329,694
TOMMY R ADAMS ADMINISTRATOR 40.0
Key Emp
$427,176 $31,877 $459,053
BENJAMIN HINTON PHYSICIAN 40.0
Highest
$1,663,217 $26,184 $1,689,401
CARL BEVERING PHYSICIAN 40.0
Highest
$1,429,953 $32,622 $1,462,575
CHARLES KING PHYSICIAN 40.0
Highest
$1,494,389 $30,759 $1,525,148
DAVID TALTON PHYSICIAN 40.0
Highest
$1,740,604 $33,422 $1,774,026
JIAHUAI TAN PHYSICIAN 40.0
Highest
$1,964,008 $22,170 $1,986,178
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
2024 $985,057,332 $901,652,908 $1,625,938,304 $83,404,424
2023 $863,319,397 $824,509,712 $1,502,622,270 $38,809,685
2022 $817,395,126 $778,082,461 $1,429,253,469 $39,312,665
2021 $809,459,200 $769,513,511 $1,589,620,172 $39,945,689
2020 $835,970,093 $779,488,397 $1,374,177,526 $56,481,696
2019 $856,626,868 $799,565,955 $1,122,115,923 $57,060,913
2018 $833,699,315 $781,571,730 $1,087,406,024 $52,127,585
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