Central Arkansas Radiation Therapy Institute Inc

EIN: 710437657 501(c)(3) Diseases & Disorders

Little Rock, AR

Total Revenue
$393,023,493
Total Expenses
$391,421,057
Total Assets
$365,362,253
Net Assets
$126,972,693
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
AR
Principal Officer
Adam Head
Phone
5012963438
Tax Period
2022-07-01 to 2023-06-30

Central Arkansas Radiation Therapy Institute Inc, founded in 1970, is a major nonprofit in the Diseases & Disorders sector that reported $393.0M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

To make trusted cancer care accessible for every patient we serve through compassion, innovation and purpose.

Program Service Accomplishments

Program 1
Expenses: $340,945,617 Revenue: $377,768,054

For more than 40 years, CARTI has been synonymous with cutting-edge, state of the art cancer care treatment in Arkansas. From its origins as one of the nation's leading networks of freestanding...

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For more than 40 years, CARTI has been synonymous with cutting-edge, state of the art cancer care treatment in Arkansas. From its origins as one of the nation's leading networks of freestanding, not-for-profit radiation therapy providers to its modern evolution as a comprehensive cancer center, CARTI remains committed to its core mission of providing the finest quality cancer treatment and compassionate patient care while also continuing to improve our knowledge through education and research. CARTI first opened on April 5, 1976 as the central Arkansas radiation therapy institute on the campus of St. Vincent Infirmary Medical Center in Little Rock. Operating as an independent network of radiation therapy providers, CARTI would grow to include ten more satellite locations throughout Arkansas. Continued on Schedule O.CARTI was incorporated in 1970 and opened its first radiation therapy center in little rock on April 5, 1976. Little Rock Hematology/Oncology (lRHO) became part of CARTI on December 1, 2011. Hematology Oncology Services of Arkansas (HOSA) joined the CARTI network on January 1, 2013. Physicians on staff at CARTI include twelve medical oncologists, eight radiation oncologists, three diagnostic radiologists, one surgical oncologist, and one interventional oncologist. CARTI has a statewide network of satellite clinics. Medical oncology is offered in Little Rock, North Little Rock, Benton, Clinton, Conway, El Dorado, Heber Springs, Russellville, and Stuttgart. Radiation oncology is offered in Little Rock, North Little Rock, Conway Mountain Home, and Searcy. Ribbon cutting ceremonies for the CARTI Cancer Center - a new, 170,000 square foot, 90 million multi-story comprehensive treatment facility located in Little Rock were conducted on October 16, 2015. Serving as the administrative hub of the CARTI network, the CARTI Cancer Center is located just south of interstate 630 on a 37.12-acre plot with easy access to I-630 to allow patients easier access to fully integrated cancer care. The CARTI Cancer Center officially opened its doors and began treating patients on November 2, 2015. CARTI treats a wide variety of cancers, with the three most widely treated cancers being breast, lung and colorectal. As the largest not-for-profit network of private practice cancer care specialists in Arkansas, CARTI currently sees an estimated 30,000 patients per year. In addition to utilizing leading-edge radiation therapy to help those Arkansans who are diagnosed with cancer, CARTI has a "ray of hope" network that exists to care for the whole patient. From public education programs like cancer answers; to wellness initiatives like massage therapy. The ray of hope network provides a broad scope of assistance to meet the many and diverse needs of those fighting for their lives, as well as helping the family members who support them. As part of the ray of hope network, CARTI offers a comprehensive counseling and resource program to inform patients of available resources. Social workers assess patient need requests to assist him or her in obtaining the resources necessary to make their cancer treatment possible. Patients who qualify financially are offered assistance in the areas of lodging and transportation as well as financial assistance for prescription medicines and personal needs as they relate to their treatment. During the fiscal year, CARTI patient assistance referrals were made to multiple patients for the following assistance programs: transportation, housing, emotional support, therapeutic massage, dental referrals, and other referrals including but not limited to medicine, nutrition, translation, etc. CARTI is committed to Arkansas communities by providing a tremendous number of outreach programs at no cost to participants. CARTI provides multiple functions throughout the year including: the cancer answers educational luncheon is open to the community for former patients as well as community members to attend and become better informed about issues related to cancer. Weekend retreats are offered at no cost each year for cancer patients and their families to learn coping mechanisms, communication, and resource use. The CARTI Kids Program is a program designed for pediatric cancer survivors and will assist in emotional, physical, and financial challenges as well as provide events and scholarships to the participating children.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,631,144
Program Service Revenue $377,768,054
Investment Income $1,624,295
Other Revenue $0
TOTAL REVENUE $393,023,493

Expense Breakdown

Grants Paid $2,705
Salaries & Benefits $98,727,813
Fundraising Expenses $0
Program Expenses $340,945,617
Other Expenses $292,690,539
TOTAL EXPENSES $391,421,057

Year-over-Year Comparison

2022 2021 Change
Revenue $393,023,493 $312,438,181 +0.3%
Expenses $391,421,057 $312,535,049 +0.3%
Net Income $1,602,436 $-96,868 -17.5%
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
15
Independent Members
11
Employees
1051
Volunteers
12

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
7
$1,461,597
Total Directors
15
$2,608,593
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhonda Gentry MD Physician / Director 40.00
Director
$1,269,691 $23,255 $1,292,946
Adam Head - PresidentCEO Ex-Officio voting Director 40.00
Officer Director
$649,398 $27,939 $677,337
Scott Stern MD - CMO Ex-Officio voting Director/Physician 40.00
Director
$613,550 $24,760 $638,310
Terry Vick Chair - Ex-Officio voting 1.00
Officer Director
$0 $0 $0
Rodney Thomason Vice Chair 1.00
Officer Director
$0 $0 $0
Ardyth Neill Director 1.00
Director
$0 $0 $0
Brett Madison Director 1.00
Director
$0 $0 $0
Kim Ellis Director 1.00
Director
$0 $0 $0
Rajesh Chokhani Director 1.00
Director
$0 $0 $0
Sarah Catherine Gutierrez Director 1.00
Director
$0 $0 $0
Schawnee Hightower Director 1.00
Director
$0 $0 $0
William Clark Director 1.00
Director
$0 $0 $0
Matthew Hardee MD Ph Director 1.00
Director
$0 $0 $0
Paul Benham Director 1.00
Director
$0 $0 $0
Judge Mark D Leverett Director 1.00
Director
$0 $0 $0
Jennifer Styron CFO/Treasurer 40.00
Officer
$402,222 $14,970 $417,192
Shelia Garner Secretary 41.00
Officer
$107,504 $12,002 $119,506
Jacob Zach-VP Finance Assistant Treasurer 40.00
Officer
$115,558 $22,724 $138,282
Jill Tate - Exec Assistant Assistant Secretary 40.00
Officer
$85,184 $24,096 $109,280
Balagopalan Nair MD Medical Oncology 40.00
Highest
$2,120,597 $33,225 $2,153,822
Kamal Patel MD Medical Oncology 40.00
Highest
$1,862,739 $21,933 $1,884,672
Lawrence Mendelsohn MD Medical Oncology 40.00
Highest
$1,494,538 $27,840 $1,522,378
Omer Khalil MD Medical Oncology 40.00
Highest
$1,248,402 $24,735 $1,273,137
Thomas Sneed MD Medical Oncology 40.00
Highest
$1,333,569 $24,196 $1,357,765
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 No data No data No data No data
2024 No data No data No data No data
2023 $393,023,493 $391,421,057 $365,362,253 $1,602,436
2022 $312,438,181 $312,535,049 $345,911,634 $-96,868
2021 $270,599,458 $272,061,541 $299,034,731 $-1,462,083
2020 $815,972,853 $811,737,599 $243,801,140 $4,235,254
2019 $725,048,908 $726,475,643 $214,339,999 $-1,426,735
2018 $645,363,992 $647,825,259 $203,178,549 $-2,461,267
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