NORTH MISSISSIPPI MEDICAL CLINICS INC

EIN: 640787918 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$55,989,255
Total Expenses
$78,503,577
Total Assets
$253,353,942
Net Assets
$-112,669,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Phone
6623773978
Tax Period
2023-10-01 to 2024-09-30

NORTH MISSISSIPPI MEDICAL CLINICS INC, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $56.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $78.5M exceeded revenue, resulting in a 40% operating deficit.

Mission

NORTH MISSISSIPPI MEDICAL CLINICS, INC. (CLINICS) OWNS AND OPERATES 34 PRIMARY CARE AND INTERNAL MEDICINE CLINICS, ALL PRIMARILY WITHIN NORTH MISSISSIPPI AND NORTHWEST ALABAMA. CLINICS 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. CLINICS 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: $76,210,440 Revenue: $55,480,997

CLINICS SERVES THE 24 COUNTIES IN NORTH MISSISSIPPI AND NORTHWEST ALABAMA THAT MAKE UP THE NMHS SERVICE AREA. IN FISCAL YEAR 2024, CLINICS SERVED THE POPULATION OF THE AREA WITH 389,125 VISITS TO ITS...

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CLINICS SERVES THE 24 COUNTIES IN NORTH MISSISSIPPI AND NORTHWEST ALABAMA THAT MAKE UP THE NMHS SERVICE AREA. IN FISCAL YEAR 2024, CLINICS SERVED THE POPULATION OF THE AREA WITH 389,125 VISITS TO ITS PHYSICIANS. THE ORGANIZATION OPERATES 25 REGIONAL PRIMARY CARE AND INTERNAL MEDICINE CLINICS. ONE OF THE PRIMARY WAYS CLINICS 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 CLINICS HAS ESTABLISHED A POLICY UNDER WHICH THE ORGANIZATION PROVIDES CARE, WITHOUT CHARGE, TO NEEDY MEMBERS OF ITS COMMUNITY. THE CHARITY CARE POLICY STATES THAT CLINICS WILL PROVIDE NECESSARY SERVICES TO PATIENTS FREE OF CHARGE WITH HOUSEHOLD INCOME LEVELS BASED ON THE MEDIAN INCOME FOR MISSISSIPPI COMPARED TO THE MEDIAN INCOME NATIONALLY. THE MISSISSIPPI ADJUSTED POVERTY GUIDELINES IS APPROXIMATELY 75% OF THE FEDERAL POVERTY RATE. THE POLICY FURTHER PROVIDES PATIENTS WITH HOUSEHOLD INCOME LEVELS ABOVE THE MISSISSIPPI ADJUSTED POVERTY GUIDELINES WILL BE LIABLE FOR NO MORE THAN THE AMOUNT THAT THEIR HOUSEHOLD INCOME EXCEEDS THE APPLICABLE FEDERAL POVERTY GUIDELINES. THE POLICY APPLIES TO INDIVIDUALS WHO RESIDE IN THE COUNTY WHERE THE APPLICABLE CLINIC IS LOCATED. PATIENTS FROM OUTSIDE THE COUNTY MAY ALSO BE GRANTED CHARITY CARE BASED ON THE JUDGMENT OF CLINICS MANAGEMENT DEPENDING ON THEIR INDIVIDUAL CIRCUMSTANCES. THE POLICY ALSO REQUIRES THE PATIENT TO COOPERATE FULLY WITH CLINICS' REQUEST FOR INFORMATION WITH WHICH TO VERIFY THE PATIENT'S ELIGIBILITY. FOLLOWING THAT POLICY, CLINICS 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 $204,003 IN FISCAL YEAR 2024. BASED ON THE GROSS CHARGES PROVIDED TO CHARITY PATIENTS COMPARED TO TOTAL CLINICS GROSS CHARGES, 1.87% OF ALL SERVICES IN FISCAL YEAR 2023 WERE PROVIDED ON A CHARITY BASIS. THE NET COST OF CHARITY CARE PROVIDED BY CLINICS WAS APPROXIMATELY $1,454,091 IN FISCAL YEAR 2024. THE TOTAL COST ESTIMATE IS BASED ON THE RATIO OF COSTS TO CHARGES FOR CLINICS.

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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 $0
Program Service Revenue $55,480,997
Investment Income $151,774
Other Revenue $356,484
TOTAL REVENUE $55,989,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,055,188
Fundraising Expenses $0
Program Expenses $76,210,440
Other Expenses $16,448,389
TOTAL EXPENSES $78,503,577

Year-over-Year Comparison

2023 2022 Change
Revenue $55,989,255 $61,010,414 -0.1%
Expenses $78,503,577 $78,014,226 +0.0%
Net Income $-22,514,322 $-17,003,812 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
Employees
660
Volunteers
6

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
$2,346,121
Total Directors
8
$1,020,761
Key Employees
1
$300,782
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE PURNELL CHAIRMAN 1.0
Officer Director
$0 $0 $0
ERIK DUKES MD PHYSICIAN/DIRECTOR 40.0
Director
$558,539 $31,422 $589,961
JAMES K HARVEY MD DIRECTOR 1.0
Director
$0 $0 $0
JEFF JAGGERS DIRECTOR 1.0
Director
$0 $0 $0
JIM GOODWIN DIRECTOR 1.0
Director
$0 $0 $0
JOHN CREEKMORE DIRECTOR 1.0
Director
$0 $0 $0
MARY WERNER DIRECTOR 1.0
Director
$0 $0 $0
RONALD B CROSSWHITE MD PHYSICIAN/DIRECTOR 40.0
Director
$399,413 $31,387 $430,800
BRUCE TOPPIN SECRETARY 1.0
Officer
$0 $14,992 $682,564
DAVID BARBER PRESIDENT 20.0
Officer
$0 $31,738 $626,787
SHARON NOBLES TREASURER 1.0
Officer
$0 $29,248 $1,036,770
MOLLY L WELDON CHIEF OPERATING OFFICER 40.0
Key Emp
$287,608 $13,174 $300,782
CHARLES ABAVARE PHYSICIAN 40.0
Highest
$678,631 $31,662 $710,293
DON SMITH PHYSICIAN 40.0
Highest
$710,814 $30,498 $741,312
EDMUND M MILLER PHYSICIAN 40.0
Highest
$615,746 $34,128 $649,874
MITCHELL MOFFETT PHYSICIAN 40.0
Highest
$600,123 $20,413 $620,536
WILLIAM JENNINGS PHYSICIAN 40.0
Highest
$678,559 $31,422 $709,981
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 $55,989,255 $78,503,577 $253,353,942 $-22,514,322
2023 $55,414,901 $75,745,071 $207,320,466 $-20,330,170
2022 $61,010,414 $78,014,226 $157,824,227 $-17,003,812
2021 $56,248,552 $76,152,154 $113,464,903 $-19,903,602
2020 $52,020,395 $72,990,194 $75,994,641 $-20,969,799
2019 $48,325,651 $74,677,344 $24,114,348 $-26,351,693
2018 $54,331,281 $71,929,341 $31,745,131 $-17,598,060
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