Washington Regional Medical Center

EIN: 710664687 501(c)(3) Health Care

FAYETTEVILLE, AR

Total Revenue
$422,240,659
Total Expenses
$389,203,565
Total Assets
$481,420,468
Net Assets
$260,827,776
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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 Center, founded in 1988, is a major nonprofit in the Health Care sector that reported $329.8M in total revenue in fiscal year 2018. Expenses of $283.6M left a modest 14% surplus.

Mission

WASHINGTON REGIONAL IS COMMITTED TO IMPROVING THE HEALTH OF PEOPLE IN COMMUNITIES WE SERVE THROUGH COMPASSIONATE, HIGH-QUALITY CARE, PREVENTION, AND WELLNESS EDUCATION.

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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 $3,594,009
Program Service Revenue $408,851,030
Investment Income $9,169,588
Other Revenue $626,032
TOTAL REVENUE $422,240,659

Expense Breakdown

Grants Paid $333,373
Salaries & Benefits $180,614,675
Fundraising Expenses $0
Program Expenses $338,709,375
Other Expenses $208,255,517
TOTAL EXPENSES $389,203,565

Year-over-Year Comparison

2023 2022 Change
Revenue $422,240,659 $376,111,586 +0.1%
Expenses $389,203,565 $365,800,720 +0.1%
Net Income $33,037,094 $10,310,866 +2.2%
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
9
Independent Members
7
Employees
4438
Volunteers
62

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
8
$3,154,433
Total Directors
9
$875,744
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 40.0
Director
$736,459 $34,389 $770,848
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A VICE CHAIR 40.0
Director
$88,860 $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 COO & ADMINISTRATOR 40.0
Officer
$406,158 $28,868 $435,026
N/A OUTGOING CFO 40.0
Officer
$484,729 $39,841 $524,570
N/A CHIEF MEDICAL OFFICER 40.0
Officer
$496,766 $29,498 $526,264
N/A VP & CHIEF ACCOUNTING OFFICER 40.0
Officer
$162,091 $20,576 $182,667
N/A PRESIDENT & CEO 40.0
Officer
$913,130 $29,534 $942,664
N/A SVP & GENERAL COUNSEL 40.0
Officer
$510,998 $32,244 $543,242
N/A MEDICAL DIRECTOR/PHYSICIAN 20.0
Highest
$0 $34,909 $1,809,127
N/A PHYSICIAN 20.0
Highest
$0 $33,001 $1,553,044
N/A MEDICAL DIRECTOR/PHYSICIAN 20.0
Highest
$0 $26,986 $1,731,898
N/A MEDICAL DIRECTOR/PHYSICIAN 20.0
Highest
$0 $29,777 $1,868,842
N/A MEDICAL DIRECTOR/PHYSICIAN 20.0
Highest
$0 $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 $422,240,659 $389,203,565 $481,420,468 $33,037,094
2022 $376,111,586 $365,800,720 $465,849,944 $10,310,866
2021 $403,661,783 $349,570,080 $575,396,005 $54,091,703
2020 $384,367,074 $320,187,834 $575,002,787 $64,179,240
2019 $362,142,781 $303,124,746 $531,371,267 $59,018,035
2018 $329,789,170 $283,648,282 $453,005,071 $46,140,888
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