Washington Regional Medical System
Legal name: Washington Regional Medical Center
Nonprofit profile at a glance
- EIN
- 710664687
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fayetteville, AR, USA
- Phone
- 4794631120
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $457,972,922
- Expenses
- $414,975,068
- Assets
- $533,057,901
- Liabilities
- $274,215,007
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- LARRY SHACKELFORD (PRESIDENT & CEO)
Highest reported compensation
- SEAN SENTER (MEDICAL DIRECTOR/PHYSICIAN): $1,932,962 total reported compensation
- LARRY ARMSTRONG (MEDICAL DIRECTOR/PHYSICIAN): $1,858,578 total reported compensation
- YANG YANG (PHYSICIAN): $1,719,117 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission, Vision, and Values Mission Washington Regional is committed to improving the health of people in communities we serve through compassionate, high quality care, prevention and wellness education. Washington Regional is committed to improving the health of people in communities we serve through compassionate, high quality care, prevention and wellness education. Vision. Vision To be the leading health care system in Northwest Arkansas – the best place to receive care and the best place to give care. Values.
What it reported doing in 2024
Ancillary support services: services offered in 2024 by Washington regional medical center included surgery, recovery, labor and delivery, central supply, iv therapy, laboratory, radiology and special imaging, pharmacy, respiratory therapy, physical therapy, speech therapy and occupational therapy. A number of these services were available as outpatient services. Washington regional medical center also offered diabetes education programs, a sleep disorders center, a balance disorders center, a wound care clinic, and outpatient cardiopulmonary rehabilitation. Washington regional's surgery service performed 12,074 inpatient and outpatient surgeries in 2024. The central services department provided over 5.8 million supply items to patients being treated. Laboratory tests performed totaled 1,230,046. Imaging procedures that included items such as x-rays, ct scans, ultrasound, cardiac catheterization, and nuclear images totaled 197,452 procedures. Washington regional also performed 8,932 mri procedures. (continued on schedule o)
Operating model
- Revenue model
- Other-operating. 98% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 91
- Accountability: 88
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.3%; rating input score 80
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- 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: 92%; rating input score 92; 24th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 80%; rating input score 80; 28th 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: 9.4%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 7.3% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 80.3% of revenue deployed · 87.1% of spending went to programs
- Governance: 8 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $361.5M in reported program spending
- Leadership: top reported pay $1.9M · 20 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.2M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 17 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.