CONWAY REGIONAL MEDICAL CENTER INC

EIN: 710249735 501(c)(3) Health Care

CONWAY, AR

Total Revenue
$259,879,681
Total Expenses
$257,953,330
Total Assets
$256,679,708
Net Assets
$151,747,034
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
AR
Phone
5013293831
Tax Period
2023-01-01 to 2023-12-31

CONWAY REGIONAL MEDICAL CENTER INC, founded in 1938, is a major nonprofit in the Health Care sector that reported $259.9M in total revenue in fiscal year 2023.

Mission

CONWAY REGIONAL MEDICAL CENTER IS ACCOUNTABLE TO THE COMMUNITY TO PROVIDE HIGH-QUALITY, COMPASSIONATE HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $197,544,242 Revenue: $272,144,713

CONWAY REGIONAL MEDICAL CENTER PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. IN KEEPING WITH ITS MISSION, THE MEDICAL...

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CONWAY REGIONAL MEDICAL CENTER PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. IN KEEPING WITH ITS MISSION, THE MEDICAL CENTER PROVIDES FREE AND DISCOUNTED CARE TO PATIENTS MEETING ITS CHARITY CARE POLICY.

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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 $1,173,339
Program Service Revenue $254,189,679
Investment Income $3,422,877
Other Revenue $1,093,786
TOTAL REVENUE $259,879,681

Expense Breakdown

Grants Paid $1,004,290
Salaries & Benefits $132,740,987
Fundraising Expenses $517,478
Program Expenses $197,544,242
Other Expenses $124,208,053
TOTAL EXPENSES $257,953,330

Year-over-Year Comparison

2023 2022 Change
Revenue $259,879,681 $261,652,035 0.0%
Expenses $257,953,330 $267,091,547 0.0%
Net Income $1,926,351 $-5,439,512 -1.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
2210
Volunteers
50

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
3
$341,947
Total Directors
10
$14,450
Key Employees
1
$622,490
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHIEF EXECUTIVE OFFICER 40.0
Officer Director
$1,085 $0 $1,085
N/A BOARD MEMBER 1.0
Director
$715 $0 $715
N/A BOARD MEMBER 1.0
Director
$4,600 $0 $4,600
N/A BOARD MEMBER 1.0
Director
$1,808 $0 $1,808
N/A BOARD MEMBER 1.0
Director
$1,582 $0 $1,582
N/A BOARD MEMBER 1.0
Director
$1,666 $0 $1,666
N/A BOARD MEMBER 1.0
Director
$631 $0 $631
N/A BOARD MEMBER 1.0
Director
$631 $0 $631
N/A BOARD MEMBER 1.0
Director
$689 $0 $689
N/A BOARD MEMBER 1.0
Director
$1,043 $0 $1,043
N/A CHIEF NURSING OFFICER 40.0
Officer
$0 $0 $0
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$298,270 $42,592 $340,862
N/A SYSTEM MEDICAL DIRECTOR 40.0
Key Emp
$581,872 $40,618 $622,490
N/A PHYSICIAN 40.0
Highest
$846,491 $44,963 $891,454
N/A PHYSICIAN 40.0
Highest
$911,182 $34,853 $946,035
N/A PHYSICIAN 40.0
Highest
$1,193,174 $44,666 $1,237,840
N/A PHYSICIAN 40.0
Highest
$981,049 $44,963 $1,026,012
N/A PHYSICIAN 40.0
Highest
$959,085 $32,700 $991,785
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 No data No data No data No data
2023 $259,879,681 $257,953,330 $256,679,708 $1,926,351
2022 $261,652,035 $267,091,547 $257,912,565 $-5,439,512
2021 $254,096,727 $247,148,974 $285,210,593 $6,947,753
2020 $215,569,506 $212,145,976 $277,338,838 $3,423,530
2019 $206,847,467 $199,460,904 $247,766,639 $7,386,563
2018 $191,284,874 $184,305,997 $225,057,927 $6,978,877
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