NORTHEAST ARKANSAS CLINIC CHARITABLE FOUNDATION INC

EIN: 710850123 501(c)(3) Philanthropy & Grantmaking

JONESBORO, AR

Total Revenue
$110,060,932
Total Expenses
$145,719,175
Total Assets
$43,849,348
Net Assets
$-270,288,726
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Organization Details

Formation Year
2000
Legal Domicile
AR
Principal Officer
ROBERT TAYLOR MD
Phone
8709368000
Tax Period
2023-10-01 to 2024-09-30

NORTHEAST ARKANSAS CLINIC CHARITABLE FOUNDATION INC, founded in 2000, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $110.1M in total revenue in fiscal year 2023. Expenses of $145.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

NORTHEAST ARKANSAS CLINIC CHARITABLE FOUNDATION, INC. PROVIDES COMPREHENSIVE, PERSONALIZED, QUALITY HEALTH CARE FOR PATIENTS THROUGHOUT THE NORTHEAST ARKANSAS REGION REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.

Program Service Accomplishments

Program 1
Expenses: $125,179,686 Revenue: $107,763,143

NORTHEAST ARKANSAS CLINIC CHARITABLE FOUNDATION, INC. (NEA CLINIC) PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR...

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NORTHEAST ARKANSAS CLINIC CHARITABLE FOUNDATION, INC. (NEA CLINIC) PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF NEA CLINIC, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, NEA CLINIC PROVIDES THE FOLLOWING: - FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND- HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY. THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. NEA CLINIC IS THE LARGEST AND MOST COMPREHENSIVE PHYSICIAN-LED AND PROFESSIONALLY MANAGED MULTI-SPECIALTY GROUP PRACTICE IN THE REGION. NEA CLINIC IS MADE UP OF OVER 90 PHYSICIANS PROVIDING CARE IN MORE THAN 20 MEDICAL SPECIALTIES. THE MISSION OF NEA CLINIC IS TO PROVIDE COMPREHENSIVE, PERSONALIZED, QUALITY HEALTH CARE FOR PATIENTS THROUGHOUT THE NORTHEAST ARKANSAS REGION. SINCE FORMING IN 1977, NEA CLINIC HAS BECOME A MULTI-SPECIALTY, AWARD-WINNING CLINIC AND PARTNER WITH BAPTIST MEMORIAL HOSPITAL-JONESBORO, INC. WE HAVE BECOME A LEADER IN CLINICAL RESEARCH AND A KEY PROVIDER OF MEDICAL SPECIALTY SERVICES WITH HUNDREDS OF THOUSANDS OF CLINIC VISITS EACH YEAR. NEA CLINIC PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS FROM WHICH NEA CLINIC MAY RECEIVE PAYMENT AT LESS THAN MARKET VALUE REIMBURSEMENT. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO MEDICARE, MEDICAID AND UNINSURED PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, NEA CLINIC RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, THE UNREIMBURSED VALUE OF PROVIDING CARE TO THESE PATIENTS WAS $85,353,230. CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED UPON ACTIVITIES AND SERVICES THAT NEA CLINIC BELIEVES WILL SERVE A BONA FIDE COMMUNITY HEALTH NEED. THROUGH ITS AFFILIATION WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION, NEA CLINIC PROVIDES THE FOLLOWING PROGRAMS AND SERVICES FOR THE COMMUNITY: - COMMUNITY HEALTH FAIRS- PHYSICAL EXAMS FOR STUDENTS ACTIVE IN COMPETITIVE SPORTS- MOBILE HEALTH UNIT WITH FREE MAMMOGRAPHY AND CERVICAL SCREENINGS ALONG WITH GENERAL HEALTH SCREENINGS AND EDUCATION- EMPLOYEE ACTIVITIES TO RAISE MONEY FOR UNITED WAY, AMERICAN HEART ASSOCIATION, AND MARCH OF DIMES- PROVISION OF PHYSICIANS FOR SPEAKING ENGAGEMENTS ON TOPICAL HEALTH ISSUES TO THE COMMUNITY- SIX PROGRAMS FREE TO THE COMMUNITY: MEDICINE ASSISTANCE, GRIEF COUNSELING, PROGRAMS TO PROMOTE HEALTHY ADULTS AND CHILDREN, SUPPORT TO CANCER PATIENTS, AND SUPPORT TO FAMILIES WHO HAVE LOST AN INFANT.

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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 $2,130,134
Program Service Revenue $107,809,141
Investment Income $132,291
Other Revenue $-10,634
TOTAL REVENUE $110,060,932

Expense Breakdown

Grants Paid $25,449
Salaries & Benefits $109,864,018
Fundraising Expenses $0
Program Expenses $125,179,686
Other Expenses $35,829,708
TOTAL EXPENSES $145,719,175

Year-over-Year Comparison

2023 2022 Change
Revenue $110,060,932 $102,508,505 +0.1%
Expenses $145,719,175 $137,800,609 +0.1%
Net Income $-35,658,243 $-35,292,104 +0.0%
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
19
Independent Members
N/A
Employees
1040
Volunteers
N/A

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
$5,169,428
Total Directors
22
$14,778,314
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY C ANDERSON EX-OFFICIO 0.23
Director
$0 $88,606 $1,300,745
MARK E SWANSON MD CEO/EX-OFFICIO 0.23
Officer Director
$0 $24,823 $1,220,645
DHARMENDRA PATEL MD DIRECTOR/PHYSICIAN 40.00
Director
$1,104,418 $77,412 $1,181,830
ADAM WOODRUFF MD DIRECTOR/PHYSICIAN 40.00
Director
$861,600 $68,908 $930,508
AARON WALLACE MD DIRECTOR/PHYSICIAN 38.62
Director
$768,467 $70,973 $839,440
DAVID PHILLIPS MD DIRECTOR/PHYSICIAN 40.00
Director
$690,239 $95,197 $785,436
BRAD H PARSONS EX-OFFICIO 0.23
Director
$0 $70,403 $765,717
MICHAEL MACKEY MD DIRECTOR/PHYSICIAN 40.00
Director
$665,101 $73,709 $738,810
DEXTER RICH MD DIRECTOR/PHYSICIAN (AS OF 01/24) 40.00
Director
$618,895 $30,835 $649,730
STEPHEN WOODRUFF MD TREASURER/CMO/EX-OFFICIO 21.77
Officer Director
$251,646 $84,371 $638,103
SHANE LYERLY MD DIRECTOR/PHYSICIAN (THRU 12/23) 40.00
Director
$533,505 $77,357 $610,862
JASON COLETTA MD DIRECTOR/PHYSICIAN 38.62
Director
$533,601 $59,219 $592,820
REBECCA BARRETT-TUCK MD DIRECTOR/PHYSICIAN (THRU 12/23) 40.00
Director
$496,115 $49,693 $545,808
JUSTIN RHODES CORP OFFICER/EX-OFFICIO (AS OF 9/24) 0.23
Officer Director
$0 $84,677 $526,012
MICHAEL TEDDER MD DIRECTOR/PHYSICIAN 40.00
Director
$456,290 $66,470 $522,760
ANDREW WALTERS MD DIRECTOR/PHYSICIAN (AS OF 01/24) 40.00
Director
$455,428 $64,454 $519,882
BEN MILLS MD DIRECTOR/PHYSICIAN (AS OF 01/24) 40.00
Director
$440,201 $55,245 $495,446
ROBERT TAYLOR MD PRESIDENT/EX-OFFICIO 38.62
Officer Director
$402,108 $58,586 $460,694
LESLYE MCGRATH MD DIRECTOR/PHYSICIAN (THRU 12/23) 40.00
Director
$379,453 $63,611 $443,064
SAMUEL S LYND EX-OFFICIO/CEO 19.88
Officer Director
$0 $61,864 $400,153
ANA MICHUNOVICH MD DIRECTOR/PHYSICIAN 40.00
Director
$329,600 $39,266 $368,866
SCOTT HOKE MD DIRECTOR/PHYSICIAN 40.00
Director
$194,819 $46,164 $240,983
GREGORY M DUCKETT SECRETARY 0.23
Officer
$0 $90,318 $1,346,501
WILLIAM HUBBARD MD VICE PRESIDENT 40.00
Officer
$290,836 $50,634 $341,470
KYLE W SANDERS CFO 15.96
Officer
$0 $74,733 $235,850
JASON BRANDT MD PHYSICIAN 40.00
Highest
$1,263,672 $101,517 $1,365,189
NEPHERTITI EFEOVBOKHAN MD PHYSICIAN 40.00
Highest
$1,096,340 $92,677 $1,189,017
MATTHEW HAUSTEIN MD PHYSICIAN 39.77
Highest
$1,088,406 $91,451 $1,179,857
BRYAN LANSFORD MD PHYSICIAN 40.00
Highest
$1,043,872 $101,359 $1,145,231
MAHESH ARADHYA MD PHYSICIAN 40.00
Highest
$1,041,787 $68,835 $1,110,622
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 $110,060,932 $145,719,175 $43,849,348 $-35,658,243
2023 $102,508,505 $137,800,609 $36,828,423 $-35,292,104
2022 $102,934,900 $136,869,758 $29,116,294 $-33,934,858
2021 $111,453,747 $129,278,777 $30,841,351 $-17,825,030
2020 $92,884,472 $119,745,442 $24,103,701 $-26,860,970
2019 $97,813,903 $119,496,067 $15,923,406 $-21,682,164
2018 $109,939,239 $133,938,195 $16,986,174 $-23,998,956
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