Washington Regional Medical Foundation

EIN: 710664685 501(c)(3) Human Services

FAYETTEVILLE, AR

Total Revenue
$5,821,908
Total Expenses
$1,633,170
Total Assets
$34,867,970
Net Assets
$28,236,079
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AR
Phone
4794631120
Tax Period
2023-01-01 to 2023-12-31

Washington Regional Medical Foundation, founded in 1988, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. The organization ran a surplus of $4.2M, a strong 72% operating margin.

Mission

To support the mission of Washington Regional Medical System by promoting healthcare improvement through philanthropy and outreach services.

Program Service Accomplishments

Program 1
Expenses: $889,978 Revenue: $967,922

THE CANCER SUPPORT HOME (CSH) PROVIDES SERVICES TO PATIENTS THROUGHOUT THE REGION. THE MISSION OF THE CSH IS TO PROVIDE HOPE AND COMFORT TO THOSE LEARNING TO LIVE WITH CANCER. SUPPORT SERVICES ARE...

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THE CANCER SUPPORT HOME (CSH) PROVIDES SERVICES TO PATIENTS THROUGHOUT THE REGION. THE MISSION OF THE CSH IS TO PROVIDE HOPE AND COMFORT TO THOSE LEARNING TO LIVE WITH CANCER. SUPPORT SERVICES ARE PROVIDED AT NO COST, AND INCLUDE SUPPORT GROUPS, A RESOURCE LIBRARY, A BOUTIQUE WITH WIGS, HATS, TURBANS AND MASTECTOMY SUPPLIES, OVERNIGHT LODGING, COUNSELING SERVICES, ART AND EXERCISE PROGRAMS. IN ADDITION, COMMUNITY EDUCATION AND FREE CANCER SCREENING ARE PROVIDED THROUGHOUT THE YEAR.

Program 2
Expenses: $109,296 Revenue: $0

FAITH IN ACTION (FIA) IS A VOLUNTEER-BASED ORGANIZATION PROVIDING HOMEBOUND SENIORS WITH FREE NON-MEDICAL SERVICES TO HELP PROMOTE THEIR INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE.

Program 3
Expenses: $99,509 Revenue: $0

THE BENEVOLENCE FUND AT THE FOUNDATION IS FUNDED BY DONATIONS FROM EMPLOYEES THROUGHOUT WASHINGTON REGIONAL MEDICAL SYSTEM. THE FUNDS ARE PROVIDED TO OTHER EMPLOYEES WHO ARE EXPERIENCING PERSONAL...

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THE BENEVOLENCE FUND AT THE FOUNDATION IS FUNDED BY DONATIONS FROM EMPLOYEES THROUGHOUT WASHINGTON REGIONAL MEDICAL SYSTEM. THE FUNDS ARE PROVIDED TO OTHER EMPLOYEES WHO ARE EXPERIENCING PERSONAL HARDSHIPS AND ARE IN NEED OF FINANCIAL ASSISTANCE IN MAKING THEIR RENT, MORTGAGE, UTILITY OR SIMILAR PAYMENTS. THE APPLICATIONS ARE REVIEWED AND APPROVED BY A COMMITTEE WHO MEETS ON A REGULAR BASIS.

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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 $3,955,005
Program Service Revenue $967,922
Investment Income $898,981
Other Revenue $0
TOTAL REVENUE $5,821,908

Expense Breakdown

Grants Paid $237,814
Salaries & Benefits $309,808
Fundraising Expenses $6,762
Program Expenses $1,098,783
Other Expenses $1,085,548
TOTAL EXPENSES $1,633,170

Year-over-Year Comparison

2023 2022 Change
Revenue $5,821,908 $6,000,839 0.0%
Expenses $1,633,170 $2,516,677 -0.4%
Net Income $4,188,738 $3,484,162 +0.2%
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
24
Independent Members
23
Employees
1
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
5
$2,347,374
Total Directors
26
$770,848
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A CHAIR 1.0
Director
$0 $0 $0
N/A OUTGOING BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A VICE CHAIR 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A INCOMING BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A OUTGOING SECRETARY/BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A INCOMING BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $34,389 $770,848
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A INCOMING BOARD MEMBER 1.0
Director
$0 $0 $0
N/A OUTGOING BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A SECRETARY 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A OUTGOING TREASURER 1.0
Officer
$0 $39,841 $524,570
N/A INCOMING TREASURER 1.0
Officer
$0 $20,576 $182,667
N/A PRESIDENT & CEO 1.0
Officer
$0 $29,534 $942,664
N/A CHIEF DEVELOPMENT OFFICER 40.0
Officer
$140,547 $13,684 $154,231
N/A GENERAL COUNSEL 1.0
Officer
$0 $32,244 $543,242
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 $5,821,908 $1,633,170 $34,867,970 $4,188,738
2022 $6,000,839 $2,516,677 $28,887,547 $3,484,162
2021 $3,410,937 $961,216 $28,377,735 $2,449,721
2020 $7,512,573 $1,106,492 $26,487,794 $6,406,081
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