Washington RegIonal Medical System

EIN: 710664686 501(c)(3)

FAYETTEVILLE, AR

Total Revenue
$97,857,102
Total Expenses
$154,392,363
Total Assets
$43,629,806
Net Assets
$9,159,386
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Tuckman-Chang Vulnerability Assessment

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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 System, founded in 1988, is a mid-sized nonprofit that reported $74.2M in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. Expenses of $119.0M exceeded revenue, resulting in a 60% operating deficit.

Mission

WASHINGTON REGIONAL MEDICAL SYSTEM (WRMS) PROVIDES MGT, STRATEGIC PLANNING AND FINANCIAL SUPPORT TO AND FOR WRMC, WR MEDICORP, WRM SERVICES, WRM FOUNDATION, AND ERH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,448,798
Program Service Revenue $95,376,111
Investment Income $32,193
Other Revenue $0
TOTAL REVENUE $97,857,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $122,764,094
Fundraising Expenses $0
Program Expenses $136,844,799
Other Expenses $31,628,269
TOTAL EXPENSES $154,392,363

Year-over-Year Comparison

2023 2022 Change
Revenue $97,857,102 $89,140,267 +0.1%
Expenses $154,392,363 $141,962,314 +0.1%
Net Income $-56,535,261 $-52,822,047 +0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
897
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
$2,298,039
Total Directors
8
$104,896
Key Employees
1
$216,086
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $16,036 $104,896
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A OUTGOING CFO 1.0
Officer
$0 $39,841 $524,570
N/A VP & CHIEF ACCOUNTING OFFICER 1.0
Officer
$0 $20,576 $182,667
N/A PRESIDENT & CEO 1.0
Officer
$0 $29,534 $942,664
N/A SVP & GENERAL COUNSEL 1.0
Officer
$0 $32,244 $543,242
N/A VP CLINICAL OPERATIONS 40.0
Key Emp
$189,352 $26,734 $216,086
N/A PHYSICIAN 20.0
Highest
$1,774,218 $34,909 $1,809,127
N/A PHYSICIAN 20.0
Highest
$1,520,043 $33,001 $1,553,044
N/A PHYSICIAN 20.0
Highest
$1,704,912 $26,986 $1,731,898
N/A PHYSICIAN 20.0
Highest
$1,839,065 $29,777 $1,868,842
N/A PHYSICIAN 20.0
Highest
$1,478,965 $29,255 $1,508,220
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 $97,857,102 $154,392,363 $43,629,806 $-56,535,261
2022 $89,140,267 $141,962,314 $47,014,301 $-52,822,047
2021 $85,295,447 $129,239,936 $34,846,976 $-43,944,489
2020 $74,209,887 $118,958,278 $34,982,712 $-44,748,391
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