Magnolia Regional Health System INC

EIN: 850512754 501(c)(3) Health Care

MAGNOLIA, AR

Total Revenue
$25,130,464
Total Expenses
$31,591,984
Total Assets
$32,121,624
Net Assets
$26,656,983
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Phone
8702353000
Tax Period
2023-10-01 to 2024-09-30

MAGNOLIA REGIONAL HEALTH SYSTEM INC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $38.3M in total revenue in fiscal year 2020. The organization ran a surplus of $10.7M, a strong 28% operating margin.

Mission

TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND EDUCATION TO ALL INDIVIDUALS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,462,202
Program Service Revenue $23,212,782
Investment Income $239,188
Other Revenue $216,292
TOTAL REVENUE $25,130,464

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,802,446
Fundraising Expenses $0
Program Expenses $25,908,366
Other Expenses $15,789,538
TOTAL EXPENSES $31,591,984

Year-over-Year Comparison

2023 2022 Change
Revenue $25,130,464 $25,934,725 0.0%
Expenses $31,591,984 $31,437,237 +0.0%
Net Income $-6,461,520 $-5,502,512 +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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Governance

Voting Members
6
Independent Members
5
Employees
302
Volunteers
23

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
7
$679,847
Total Directors
6
$71,693
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angie Glass Vice Chairman 0.3
Officer Director
$0 $0 $0
Johnathan Alexander Jr Chairman 12.0
Officer Director
$71,693 $0 $71,693
Todd Emmert Secretary 0.3
Officer Director
$0 $0 $0
Jeff Whitener Director 1.0
Director
$0 $0 $0
Jonathan Baird Director 1.0
Director
$0 $0 $0
Wally Wood Director 1.0
Director
$0 $0 $0
Brett Kinman CEO 40.0
Officer
$263,754 $22,785 $286,539
Roxane Stewart CFO Through 11/4/23 40.0
Officer
$151,039 $13,686 $164,725
Stephanie Schmittou CNO 40.0
Officer
$111,678 $23,345 $135,023
William Van Noy CFO Since 11/27/23 40.0
Officer
$21,767 $100 $21,867
Anna Chandler Director of Pharmacy/Pharmacist 40.0
Highest
$148,556 $19,534 $168,090
Anselm Tintinu Surgeon General 40.0
Highest
$223,062 $17,407 $240,469
Fred Murphy Hospitalist 36.0
Highest
$235,987 $21,600 $257,587
James Kevin Rudder Surgeon Orthopedic 40.0
Highest
$1,116,122 $14,626 $1,130,748
Tyler Neal Physician 40.0
Highest
$205,675 $15,870 $221,545
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 $25,130,464 $31,591,984 $32,121,624 $-6,461,520
2023 $25,934,725 $31,437,237 $39,532,475 $-5,502,512
2022 $29,851,644 $31,434,742 $44,149,724 $-1,583,098
2021 $38,324,367 $27,589,854 $47,271,898 $10,734,513
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