Tishomingo Health Services

EIN: 640741047 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$18,949,893
Total Expenses
$19,024,465
Total Assets
$9,685,213
Net Assets
$-9,899,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DE
Phone
6623773978
Tax Period
2023-10-01 to 2024-09-30

Tishomingo Health Services, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $18.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TISHOMINGO HEALTH SERVICES, INC. OPERATES A 48 BED ACUTE CARE HOSPITAL LOCATED IN IUKA, MISSISSIPPI CALLED NORTH MISSISSIPPI MEDICAL CENTER-IUKA (NMMC-IUKA). NMMC-IUKA 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-IUKA 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: $17,799,074 Revenue: $17,305,467

NMMC-IUKA SERVES TISHOMINGO COUNTY AND THE SURROUNDING AREA. IN FISCAL YEAR 2024, THERE WERE 785 INPATIENT ADMISSIONS, 7,877 EMERGENCY DEPARTMENT VISITS, 45,875 OUTPATIENT VISITS AND 17,222 RURAL...

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NMMC-IUKA SERVES TISHOMINGO COUNTY AND THE SURROUNDING AREA. IN FISCAL YEAR 2024, THERE WERE 785 INPATIENT ADMISSIONS, 7,877 EMERGENCY DEPARTMENT VISITS, 45,875 OUTPATIENT VISITS AND 17,222 RURAL HEALTH CLINIC VISITS. NMMC-IUKA 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 INPATIENT, OUTPATIENT, ER, AND LONG TERM CARE SERVICES. INPATIENT CARE INCLUDES 24 HOUR DIRECT PATIENT CARE WITH MULTI-DISCIPLINARY SERVICES, INCLUDING: NURSING, RADIOLOGY, LABORATORY, ULTRASONOGRAPHY, NUCLEAR MEDICINE, CT, MAGNETIC RESONANCE IMAGING (MRI), PHYSICAL THERAPY, OCCUPATIONAL THERAPY, RESPIRATORY THERAPY, FOOD AND NUTRITIONAL SERVICES, AND SOCIAL SERVICES. THE HOSPITAL ALSO HAS 10 CERTIFIED SWING BEDS FOR PATIENTS WHO NEED EXTENDED CARE BASED ON AVAILABILITY AND RESOURCES. NMMC-IUKA OFFERS 24-HOUR EMERGENCY SERVICES AND PARAMEDIC-LEVEL AMBULANCE SERVICES. OUTPATIENT SERVICES INCLUDE PHYSICAL THERAPY, OCCUPATIONAL THERAPY, LABORATORY, RADIOLOGY, RESPIRATORY CARE, INFUSION, WOUND CARE AND CARDIAC MONITORING. NMMC-IUKA IS THE RECIPIENT OF TWO VHA LEADERSHIP AWARDS, HONORING THE HOSPITAL FOR MEETING OR EXCEEDING NATIONAL PERFORMANCE STANDARDS FOR CLINICAL CARE AND QUALITY. VHA SERVES MORE THAN 1,400 NOT-FOR-PROFIT HOSPITALS AND MORE THAN 24,000 NON-ACUTE HEALTH CARE ORGANIZATIONS NATIONWIDE. NMMC-IUKA WAS ONE OF ONLY 38 VHA MEMBER ORGANIZATIONS TO RECEIVE A 2009 LEADERSHIP AWARD FOR CLINICAL EXCELLENCE. ONE OF THE PRIMARY WAYS NMMC-IUKA 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 THE NMMC-IUKA HAS ESTABLISHED A POLICY UNDER WHICH THE HOSPITAL 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 100% OF THE FEDERAL POVERTY LEVEL. THE POLICY FURTHER PROVIDES, PATIENTS WITH HOUSEHOLD INCOME LEVELS BETWEEN 101% AND 150% OF THE FEDERAL POVERTY LEVEL ARE ELIGIBLE TO RECEIVE SERVICES AT A DISCOUNTED RATE. THE DISCOUNT WILL BE PRO-RATED BASED ON THE PATIENT'S GROSS FAMILY INCOME AS A PERCENTAGE OF THE FEDERAL POVERTY LEVEL. THE POLICY APPLIES TO INDIVIDUALS WHO RESIDE IN TISHOMINGO COUNTY. PATIENTS FROM OUTSIDE THE COUNTY MAY ALSO BE GRANTED CHARITY CARE BASED ON THE JUDGMENT OF NMMC-IUKA MANAGEMENT DEPENDING ON THEIR INDIVIDUAL CIRCUMSTANCES. THE POLICY ALSO REQUIRES THE PATIENT TO COOPERATE FULLY WITH NMMC-IUKA'S REQUEST FOR INFORMATION WITH WHICH TO VERIFY THE PATIENT'S ELIGIBILITY. FOLLOWING THAT POLICY, THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FORGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. CHARGES FORGONE, BASED ON ESTABLISHED RATES, TOTALED APPROXIMATELY $577,278 IN FISCAL YEAR 2024. BASED ON THE GROSS CHARGES PROVIDED TO CHARITY PATIENTS COMPARED TO TOTAL HOSPITAL GROSS CHARGES, 3.47% OF ALL SERVICES IN FISCAL YEAR 2024 WERE PROVIDED ON A CHARITY BASIS. THE NET COST OF CHARITY CARE PROVIDED BY NMMC-IUKA WAS APPROXIMATELY $599,696 IN FISCAL YEAR 2024. THE TOTAL COST ESTIMATE IS BASED ON THE RATIO OF COSTS TO CHARGES FOR NMMC-IUKA. ALL OF THE FORGONE 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.

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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 $885,000
Program Service Revenue $17,305,467
Investment Income $44,536
Other Revenue $714,890
TOTAL REVENUE $18,949,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,710,359
Fundraising Expenses $0
Program Expenses $17,799,074
Other Expenses $7,314,106
TOTAL EXPENSES $19,024,465

Year-over-Year Comparison

2023 2022 Change
Revenue $18,949,893 $16,989,929 +0.1%
Expenses $19,024,465 $18,550,662 +0.0%
Net Income $-74,572 $-1,560,733 -1.0%
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
5
Independent Members
5
Employees
182
Volunteers
5

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
$4,066,084
Total Directors
5
$0
Key Employees
1
$386,262
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES TENNYSON CHAIRMAN 1.0
Officer Director
$0 $0 $0
ART GAINES DIRECTOR 1.0
Director
$0 $0 $0
HEATH CASTILE DIRECTOR 1.0
Director
$0 $0 $0
JENA MCNATT DIRECTOR 1.0
Director
$0 $0 $0
STEVE MCANALLY DIRECTOR 1.0
Director
$0 $0 $0
BRUCE TOPPIN SECRETARY 1.0
Officer
$0 $14,992 $682,564
MICHAEL S SPEES PRESIDENT 0.5
Officer
$0 $27,228 $2,346,750
SHARON NOBLES TREASURER 1.0
Officer
$0 $29,248 $1,036,770
BARRY KEEL ADMINISTRATOR 40.0
Key Emp
$0 $13,834 $386,262
BRADLEY MURRAY PHYSICIAN 40.0
Highest
$285,517 $10,323 $295,840
LACY ESTES NURSE PRACTITIONER 40.0
Highest
$151,457 $15,338 $166,795
NATHANIEL SPARKS PHYSICIAN 40.0
Highest
$161,196 $8,458 $233,160
THOMAS DRAPER PHYSICIAN 40.0
Highest
$235,903 $26,394 $262,297
WALTER MAYFIELD PHYSICIAN 40.0
Highest
$253,381 $22,147 $275,528
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 $18,949,893 $19,024,465 $9,685,213 $-74,572
2023 $16,989,929 $18,550,662 $11,091,651 $-1,560,733
2022 $18,234,514 $17,827,614 $10,830,431 $406,900
2021 $16,351,225 $16,857,634 $7,905,820 $-506,409
2020 $16,181,332 $17,492,091 $7,270,651 $-1,310,759
2019 $17,671,072 $18,264,513 $7,020,631 $-593,441
2018 $15,915,192 $18,130,432 $7,762,052 $-2,215,240
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