LAWRENCE MEMORIAL HEALTH FOUNDATION INC

EIN: 731547175 501(c)(3) Health Care

WALNUT RIDGE, AR

Total Revenue
$19,619,507
Total Expenses
$20,051,014
Total Assets
$19,221,489
Net Assets
$17,172,017
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AR
Phone
8708861263
Tax Period
2023-07-01 to 2024-06-30

LAWRENCE MEMORIAL HEALTH FOUNDATION, founded in 2003, is a community nonprofit in the Health Care sector that reported $8.2M in total revenue in fiscal year 2018. Revenue surged 24003% from the prior year, signaling strong growth momentum.

Mission

LAWRENCE MEMORIAL HEALTH FOUNDATION INC'S MISSION IS TO PROVIDE COMPASSIONATE, QUALITY HEALTHCARE TO THE COMMUNITIES WE SERVE.

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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 $2,700,610
Program Service Revenue $16,830,230
Investment Income $78,210
Other Revenue $10,457
TOTAL REVENUE $19,619,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,804,337
Fundraising Expenses $33,425
Program Expenses $14,713,682
Other Expenses $9,246,677
TOTAL EXPENSES $20,051,014

Year-over-Year Comparison

2023 2022 Change
Revenue $19,619,507 $21,487,796 -0.1%
Expenses $20,051,014 $19,096,200 +0.1%
Net Income $-431,507 $2,391,596 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
241
Volunteers
20

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
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONITA STAUDT SECRETARY 1.0
Officer Director
$0 $0 $0
CLAY SLOAN TREASURER 1.0
Officer Director
$0 $0 $0
JOHN THOMISON CHAIRMAN 1.0
Officer Director
$0 $0 $0
LILA FLOYD VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
AARON ANDREWS BOARD MEMBER 1.0
Director
$0 $0 $0
BLAKE PERKINS BOARD MEMBER 1.0
Director
$0 $0 $0
JEFF YATES BOARD MEMBER 1.0
Director
$0 $0 $0
JEREMY HOPPER BOARD MEMBER 1.0
Director
$0 $0 $0
JORDAN ANDREWS DDS BOARD MEMBER 1.0
Director
$0 $0 $0
KERRY DALTON BOARD MEMBER 1.0
Director
$0 $0 $0
RHONDA FORRESTER BOARD MEMBER 1.0
Director
$0 $0 $0
SEB SPADES MD BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM WILCOXSON BOARD MEMBER 1.0
Director
$0 $0 $0
WILMA JONES BOARD MEMBER 1.0
Director
$0 $0 $0
AARON HILTON PRESIDENT 25.0
Officer
$0 $0 $0
GREGG MCELHANON CFO 40.0
Officer
$0 $0 $0
ELIZABETH FIKE MD PHYSICIAN 39.4
Highest
$255,335 $13,201 $268,536
KEVIN DIAMOND MD PHYSICIAN 67.7
Highest
$476,483 $30,325 $506,808
LEISA SPENCE MD PHYSICIAN 49.9
Highest
$357,313 $18,278 $375,591
PAUL VELLOZO MD PHYSICIAN 40.2
Highest
$220,811 $26,120 $246,931
SHANNON COOPER MD PHYSICIAN 38.5
Highest
$252,989 $12,983 $265,972
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
2025 No data No data No data No data
2024 $19,619,507 $20,051,014 $19,221,489 $-431,507
2023 $21,487,796 $19,096,200 $20,362,829 $2,391,596
2022 $17,486,217 $17,508,429 $18,602,579 $-22,212
2021 $22,078,590 $16,386,956 $19,692,878 $5,691,634
2020 $17,200,827 $16,872,807 $19,729,060 $328,020
2019 $8,185,782 $8,194,592 $12,381,909 $-8,810
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