Overview
What is Washington Regional Medical System?
Washington Regional Medical System (WRMS) is a nonprofit organization headquartered in Fayetteville, Arkansas, that offers management, strategic planning, and financial support to various healthcare entities, including WRMC, WR Medicorp, WRM Services, WRM Foundation, and Eureka Regional Health. With a team of over 80 physicians and 58 advanced practice nurses/physician assistants, WRMS focuses on senior health, neurosurgery, pain management, urology, radiology services, internal medicine, and cardiac services through its twenty-five specialty clinics. These clinics served over 761,000 relative value units in 2022, providing essential healthcare services regardless of a patient's ability to pay. By overseeing the Boards of Directors and providing strategic guidance, WRMS ensures these subsidiary companies can effectively accomplish their tax-exempt purpose of providing healthcare to residents in the Northwest Arkansas area. Additionally, WRMS operates primary care, specialty care, and hospital-based care facilities, such as hospitalists and emergency care.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Washington Regional Medical System has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 79% overall, demonstrating a commitment to transparency and responsible management of funds. The high score reflects strong governance practices, including a fully independent board and robust financial oversight measures.
The charity has excelled in various aspects of financial accountability, notably achieving a program expense ratio of 89.82%. This suggests that a significant portion of its resources is directed towards program services rather than administrative costs, a positive indicator for donors interested in maximizing impact. The organization has implemented several policies, including conflict of interest and whistleblower protections, further reinforcing its dedication to ethical practices.
While the overall score is commendable, it also highlights areas for improvement, particularly in financial metrics. The organization’s 79% rating suggests that there may be opportunities to enhance its financial performance and reporting strategies to meet higher benchmarks within the sector. Nonetheless, Washington Regional Medical System appears to be a trustworthy entity committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Regional Medical System legitimate?
Washington Regional Medical System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Regional Medical System submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,253,392
For more financial information, click here
What is the mission statement of Washington Regional Medical System?
The Washington Regional Medical System (WRMS) plays a crucial role in managing, strategic planning, and providing financial support to various entities, including WRMC, WR Medicorp, WRM Services, WRM Foundation, and Eureka Regional Health. Through its oversight of the board of directors and guidance from management, WRMS enables these subsidiary companies to effectively carry out their tax-exempt mission of delivering healthcare to the Northwest Arkansas community. Additionally, WRMS operates physician clinics offering primary, specialty care, and hospital-based services such as hospitalists and emergency care.
Who is the CEO of Washington Regional Medical System?
Larry Shackelford is the President & Ceo of Washington Regional Medical System. The CEO's salary of Washington Regional Medical System is $0 and their total compensation is $1,038,452.
What is the revenue of Washington Regional Medical System?
Washington Regional Medical System's revenue in 2022 was $89,140,267.
Who are the executives of Washington Regional Medical System and what are their salaries?
There 9 volunteers at Washington Regional Medical System.
Here are 20 key members and their salaries (Washington Regional Medical System's CEO's salary is $0 and their total compensation is $1,038,452):
- Compensation: $0
- Related: $1,788,208
- Other: $25,701
- Compensation: $0
- Related: $1,650,175
- Other: $26,005
- Compensation: $0
- Related: $1,277,682
- Other: $26,789
- Compensation: $0
- Related: $1,239,244
- Other: $28,261
- Compensation: $0
- Related: $1,228,980
- Other: $26,800
- Compensation: $0
- Related: $1,014,949
- Other: $23,503
- Compensation: $0
- Related: $561,575
- Other: $26,076
- Compensation: $0
- Related: $527,091
- Other: $26,066
- Compensation: $0
- Related: $551,401
- Other: $0
- Compensation: $0
- Related: $375,679
- Other: $26,015
- Compensation: $0
- Related: $215,122
- Other: $21,388
- Compensation: $0
- Related: $126,944
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Washington Regional Medical System?
Washington Regional Medical System's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Washington Regional Medical System
Washington Regional Medical System (WRMS) serves as the management and financial backbone for various healthcare entities, including WRMC, WR Medicorp, WRM Services, WRM Foundation, and Eureka Regional Health. By overseeing the Boards of Directors and guiding various members of management, WRMS ensures these subsidiary organizations can effectively carry out their tax-exempt mission of delivering healthcare to Northwest Arkansas residents.
In addition to providing strategic planning and financial support, WRMS operates physician clinics offering primary, specialty, and hospital-based care. These clinics encompass hospitalists and emergency services, addressing the diverse healthcare needs of the community. Through these efforts, WRMS plays a crucial role in enhancing the capabilities of its subsidiary entities, enabling them to fulfill their mission of providing healthcare services to the Northwest Arkansas region.
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Impact
October, 2024
Washington Regional Medical System (WRMS) plays a crucial role in enhancing healthcare accessibility and quality in Northwest Arkansas. With a network of twenty-five specialty clinics employing 80 physicians and 58 advanced practice nurses and physician assistants, WRMS focuses on a wide range of medical fields, including senior health, neurosurgery, pain management, urology, radiology, internal medicine, and cardiac services.
In 2022 alone, these clinics provided an impressive 761,171 relative value units, reflecting their extensive patient care and commitment to meeting the needs of the community. A key tenet of WRMS is its dedication to treating patients regardless of their ability to pay, ensuring that all individuals receive necessary medical attention without financial barriers.
Beyond patient care, WRMS provides management, strategic planning, and financial support to its subsidiaries, including Washington Regional Medical Center, WR Medicorp, and Eureka Regional Health. This oversight helps optimize resources and align services with the healthcare demands of the region. By facilitating primary, specialty, and hospital-based care, WRMS significantly contributes to the well-being and health outcomes of residents in Fayetteville and the broader Northwest Arkansas area.
This information is meant to be a general summary of Washington Regional Medical System. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$159,862
- Program Service Revenue: $87,137,357
- Gross Receipts: $89,468,831
Assets and Liabilities:
- Total Assets: $47,014,301
- Total Liabilities: $37,719,654
- Net Assets: $9,294,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$74,877,825
SUBISIDIZED SERVICES REVENUE
Revenue
$8,147,071
OTHER PROGRAM SERVICE REVENUE
Revenue
$4,112,579
LOSS IN EQUITY INVESTEE
Revenue
-$118
Organization Details
Founding Year
1988
Phone
(479) 463-1120Principal Officer
Larry Shackelford
Main Address
3215 N NORTH HILLS BLVD, FAYETTEVILLE, AR, 72703
NTEE Category
Code: E21 - Health
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