Arkansas Children's Medical Group Pllc

Nonprofit profile at a glance

EIN
820771462
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Little Rock, AR, USA
Phone
5013643489
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$22,969,986
Expenses
$22,212,742
Assets
$2,403,794
Liabilities
$2,982,895

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • RUSTIN MORSE MD (SVP/ACNW CHIEF ADMIN/ACMG PRESIDENT)

Highest reported compensation

  • GENA WINGFIELD (AC CFO/BOARD OF MANAGERS MEMBER): $1,038,252 total reported compensation
  • JAMIE WIGGINS (AC COO/BOARD OF MANAGERS MEMBER): $967,991 total reported compensation
  • ASHAY PATEL DO (PHYS OPS MED DIR/PED UROLOGIST): $873,677 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We champion children by making them better today and healthier tomorrow.continued on schedule oarkansas children's will fundamentally transform healthcare delivery for the children of Arkansas and beyond. Arkansas children's core values are the organizational principles that highlight our regard for each other and those we serve: safety: we are vigilant about creating an error-free environment for patients, families, and team members.teamwork: we demonstrate actionable care and concern for patients, families, and team members.compassion: we coordinate, communicate, cooperate, and collaborate to ensure the highest level of service for our patients, families, and team members.excellence: we achieve the highest of standards and serve with distinction in order to be the best.safety and excellence frame our work. Teamwork and compassion place people at the center of all we do.

What it reported doing in 2024

Acmg (the medical group) was formed to further the charitable healthcare mission of the integrated healthcare system of which Arkansas children's, inc. Is the parent corporation, and which includes the following tax-exempt organizations: Arkansas children's hospital, Arkansas children's northwest, Arkansas children's foundation, and Arkansas children's research institute.acmg will treat patients through care provided by its primary care and specialty physicians, including emergency department specialists, hospitalists, and pediatric primary care physicians, as well as other health practitioners, including physician assistants and advanced practice registered nurses (aprns). Continued on schedule o.all of the physicians who practice at the medical group are required to be on the medical staff and have admitting privileges at Arkansas children's hospital and/or Arkansas children's northwest or courtesy privileges. The medical group's primary activities will consist of treating patients at Arkansas children's northwest and Arkansas children's hospital in order to increase the quality of pediatric care. In addition, services provided via telemedicine were expanded in response to covid-19. Through the foregoing activities, acmg impacts the significant community need for increased access and improved quality of pediatric healthcare in Arkansas.the community need in northwest Arkansas is made particularly acute given the fact that a significant percentage of children (some estimate at least 1 in 4 children) in northwest Arkansas live in poverty, and an even greater number live in low income households. Children raised in poverty have poorer health outcomes than other children, generally being sick for longer periods and less likely to receive quality healthcare or preventative care. One of the particular challenges to addressing the healthcare needs of children in northwest Arkansas is that a large number of primary care pediatricians in the area are not accepting new medicaid patients. The medical group will help expand the pediatric healthcare services available to medicaid and indigent youth and address the unique healthcare and related needs of this population.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 84
  • Accountability: 42
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.1%; rating input score 91
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.3%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 23%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 20.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 25.2% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 91.1% of revenue deployed · 94.2% of spending went to programs
  • Governance: 0 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20.9M in reported program spending
  • Leadership: top reported pay $1M · 16 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $1.8M reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.