Magnolia Regional Health System Inc

Nonprofit profile at a glance

EIN
850512754
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Magnolia, AR, USA
Phone
8702353000
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Reported finances

Revenue
$22,529,469
Expenses
$29,563,886
Assets
$26,372,664
Liabilities
$6,750,098

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

Leadership & pay

17 people listed

Executive titles in this filing

  • BRETT KINMAN (CEO THROUGH 7/9/2025)
  • WILLIAM GILES (CEO/CFO STARTING 7/14/2025)

Highest reported compensation

  • JAMES RUDDER (SURGEON ORTHOPEDIC): $883,867 total reported compensation
  • JOSE ZAMORA (GENERAL SURGEON THROUGH 10/30/2024): $446,095 total reported compensation
  • TYLER NEAL (PHYSICIAN): $319,527 total reported compensation

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

Overview

Mission

To provide excellent healthcare services and education to all individuals.

What it reported doing in 2024

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 care and specialty services in general surgery and orthopedic surgery. Embracing our mission to provide excellent healthcare services and 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 qualify for free or discounted care. During fy2025, provided discounted services of $1,363,369. In addition to uncompensated costs, mrmc commits significant time and resources to endeavors and critical services that meet otherwise (continued on schedule o)

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 76
  • Accountability: 87
  • Sustainability: 20
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.1%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • 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: No; rating input score 0

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -31.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: -12.8% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -14.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.1% of spending went to programs
  • Governance: 6 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $23.7M in reported program spending
  • Leadership: top reported pay $884K · 17 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.9M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 3 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 — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 23/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.