Washington Regional Medical Services

EIN: 710664683 501(c)(3)

FAYETTEVILLE, AR

Total Revenue
$3,763,469
Total Expenses
$1,639,706
Total Assets
$43,871,914
Net Assets
$40,932,789
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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
1988
Legal Domicile
AR
Phone
4794631120
Tax Period
2024-01-01 to 2024-12-31

Washington Regional Medical Services, founded in 1988, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 56% operating margin.

Mission

THE ORGANIZATION IS A SUPPORTING ORGANIZATION OF WASHINGTON REGIONAL MEDICAL CENTER, AN INTERNAL REVENUE CODE SECTION 509(A)(1) PUBLIC CHARITY THAT OPERATES A HOSPITAL AS DEFINED IN IRC SECTION 170(B)(1)(A)(III). THE ORGANIZATION OWNS REAL ESTATE AND DEVELOPS AND MANAGES HEALTHCARE (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $1,639,706 Revenue: $3,763,379

THE ORGANIZATION OWNS REAL ESTATE AND DEVELOPS AND MANAGES HEALTHCARE FACILITIES AND SERVICES THAT SUPPORT THE MISSION OF WASHINGTON REGIONAL MEDICAL CENTER

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,763,379
Investment Income $90
Other Revenue $0
TOTAL REVENUE $3,763,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,639,706
Other Expenses $1,639,706
TOTAL EXPENSES $1,639,706

Year-over-Year Comparison

2024 2023 Change
Revenue $3,763,469 $3,109,460 +0.2%
Expenses $1,639,706 $1,597,169 +0.0%
Net Income $2,123,763 $1,512,291 +0.4%
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
9
Independent Members
8
Employees
N/A
Volunteers
8

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
6
$1,853,967
Total Directors
9
$108,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROCK GEARHART CHAIRMAN 1.0
Officer Director
$0 $0 $0
M GARETH ECK VICE CHAIR 1.0
Officer Director
$0 $16,543 $108,008
MARSHALL SAVIERS SECRETARY 1.0
Officer Director
$0 $0 $0
ANNE O'LEARY-KELLY DIRECTOR 1.0
Director
$0 $0 $0
BRITTON LOTT DIRECTOR 1.0
Director
$0 $0 $0
DREW ROGERS DIRECTOR 1.0
Director
$0 $0 $0
GREG W LEE DIRECTOR 1.0
Director
$0 $0 $0
NEAL PENDERGRAFT DIRECTOR 1.0
Director
$0 $0 $0
STACY HANBY DIRECTOR 1.0
Director
$0 $0 $0
DENNIS BURROWS VP OF FINANCE 1.0
Officer
$0 $30,523 $201,798
LARRY SHACKELFORD PRESIDENT & CEO 1.0
Officer
$0 $34,269 $967,624
THOMAS OLMSTEAD SVP & GENERAL COUNSEL 1.0
Officer
$0 $39,350 $576,537
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 $3,763,469 $1,639,706 $43,871,914 $2,123,763
2023 $3,109,460 $1,597,169 $44,251,243 $1,512,291
2022 $3,715,475 $1,780,822 $45,000,058 $1,934,653
2021 $1,280,669 $301,255 $45,788,814 $979,414
2020 $1,049,884 $259,691 $40,318,606 $790,193
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