Magnolia Regional Health System INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

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 $25.1M in total revenue in fiscal year 2023. Expenses of $31.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE EXCELLENT HEALTHCARE SERVICES AND EDUCATION TO ALL INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $25,908,366 Revenue: $23,211,195

MAGNOLIA REGIONAL MEDICAL CENTER (MRMC) PROVIDES COMPREHENSIVE HEALTHCARE SERVICES TO INDIVIDUALS REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR ABILITY TO PAY. SERVING SOUTHWESTERN ARKANSAS AND NORTHWESTERN LOUISIANA SINCE 1939, THE MEDICAL CENTER PROVIDES ACUTE CARE SERVICES INCLUDING INPATIENT SERVICES, SURGICAL SERVICES, OUTPATIENT DIAGNOSTICS, AND EMERGENCY SERVICES. THE MEDICAL CENTER ALSO HAS A CLINIC NETWORK THAT PROVIDES PRIMARY CAR AND SPECIALTY SERVICES IN GENERAL SURGERY AND ORTHOPEDIC SURGERY. EMBRACING OUR MISSION TO PROVIDE EXCELLENT HEALTHCARE SERVICES AN EDUCATION TO ALL INDIVIDUALS, THE MEDICAL CENTER REALIZES MANY INDIVIDUALS DO NOT POSSESS THE FINANCIAL RESOURCES TO ACCESS ESSENTIAL HEALTHCARE SERVICES. INDIVIDUALS WHO MEET OUR CHARITY CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2024, PROVIDED DISCOUNTED SERVICES OF $1,705,966. IN ADDITION TO UNCOMPENSATED COSTS, MRMC COMMITS SIGNFICANT TIME AND RESOURCES TO ENDEAVORS AND CRITICAL SERVICES THAT MEET OTHERWISE UNFILLED COMMUNITY NEEDS. MANY OF THESE ACTIVITIES ARE SPONSORED WITH THE KNOWLEDGE THAT THEY WILL NOT BE SELF-SUPPORTING OR FINANCIALLY VIABLE. SUCH PROGRAMS INCLUDE HEALTH SCREENINGS AND ASSESSMENTS, COMMUNITY EDUCATIONAL SERVICES AND VARIOUS SUPPORT GROUPS. CARE GUIDELINES CAN QUALITY FOR FREE OR DISCOUNTED CARE. DURING FY2024 THE MEDICAL CENTER SERVED 977 PATIENTS WHO ACCESSED OUR SERVICES AFTER QUALIFYING THROUGH OUR CHARITY CARE GUIDELINES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

302

Volunteers

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

$679,847

Total Directors

$71,693

Key Employees

Highest Compensated

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