Civic Intelligence

Arhealth Ventures Inc

EIN 45-5196121 • 501(c)3 • Little Rock, AR

Profile

To provide resources to selected businesses deemed consistent with the mission of uams, a division of the university of ar to improve the health, health care and well-being of arkansans through its education, patient care and research programs.

4301 West Markham St Slot 632Little Rock, AR 72205
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.35x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

1.99x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

20th percentile

-8.0%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

93rd percentile

52%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

48th percentile

6.1%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$18,015,926

Up $10,228,047 (+131%) from 2022

Liabilities

Up

$6,330,022

Up $6,330,022 from 2022

Net Assets

Up

$11,685,904

Up $3,898,025 (+50%) from 2022

Revenue

Up

$3,175,335

Up $353,017 (+13%) from 2022

Expenses

Up

$3,430,074

Up $967,675 (+39%) from 2022

Net Income

Down

-$254,739

Down $614,658 (-171%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2015: $994,686Liabilities 2015: $0Net Assets 2015: $994,6862015Assets 2016: $1,173,061Liabilities 2016: $22,778Net Assets 2016: $1,150,2832016Assets 2017: $4,396,718Liabilities 2017: $15,506Net Assets 2017: $4,381,2122017Assets 2018: $5,019,199Liabilities 2018: $0Net Assets 2018: $5,019,1992018Assets 2019: $6,001,110Liabilities 2019: $10,408Net Assets 2019: $5,990,7022019Assets 2020: $6,901,272Liabilities 2020: $0Net Assets 2020: $6,901,2722020Assets 2021: $7,942,613Liabilities 2021: $9,746Net Assets 2021: $7,932,8672021Assets 2022: $7,787,879Liabilities 2022: $0Net Assets 2022: $7,787,8792022Assets 2024: $18,015,926Liabilities 2024: $6,330,022Net Assets 2024: $11,685,9042024

Highlighted filing

2024

Assets$18,015,926
Liabilities$6,330,022
Net Assets$11,685,904

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $203,133Expenses 2016: $47,536Net Income 2016: $155,5972016Revenue 2017: $3,949,910Expenses 2017: $718,981Net Income 2017: $3,230,9292017Revenue 2018: $2,238,264Expenses 2018: $1,600,277Net Income 2018: $637,9872018Revenue 2019: $2,734,040Expenses 2019: $1,762,537Net Income 2019: $971,5032019Revenue 2020: $2,662,988Expenses 2020: $1,752,418Net Income 2020: $910,5702020Revenue 2021: $2,579,721Expenses 2021: $1,513,290Net Income 2021: $1,066,4312021Revenue 2022: $2,822,318Expenses 2022: $2,462,399Net Income 2022: $359,9192022Revenue 2024: $3,175,335Expenses 2024: $3,430,074Net Income 2024: -$254,7392024

Highlighted filing

2024

Revenue$3,175,335
Expenses$3,430,074
Net Income-$254,739

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$2,734,040
Mission and Program Overview

Mission

To provide resources to selected businesses deemed consistent with the mission of the university of arkansas for medical sciences, a division of the university of arkansas, to improve the health, health care, and well-being of arkansans through its education, patient care, and research programs.

To provide resources to selected businesses deemed consistent with the mission of uams, a division of the university of ar, to improve the health, health care and well-being of arkansans through its education, patient care and research programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,619,017$5,536,490▲ $917,473
Investments Program Related$293,717$294,439▲ $722
Accounts Receivable$106,465$100,437▼ $6,028
Land, Buildings, and Equipment, Net-$69,744-
Total Assets$5,019,199$6,001,110▲ $981,911
Liabilities
Accounts Payable and Accrued Expenses-$10,408-
Total Liabilities$0$10,408▲ $10,408
Net Assets / Fund Balance
Unrestricted Net Assets$4,516,096$4,977,946▲ $461,850
Temporarily Rstr Net Assets$503,103$1,012,756▲ $509,653
Total Net Assets Fund Balance$5,019,199$5,990,702▲ $971,503
Total Liabilities and Net Assets / Fund Balance$5,019,199$6,001,110▲ $981,911

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$69,744$3,671$73,415
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeff AmerineVice Chairma
Angela WimmerDirector
Carol a ReevesDirector
Gilda UnderwoodDirector
Jerry AdamsDirector
Philip BaldwinDirector
Rt FendleyDirector
Shuk-meo HoDirector
Stephanie GardnerDirector
Nancy GraySecretary
Amanda GeorgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,213,861
Program Service Revenue
$1,448,321
Investment Income
$71,858
Other Revenue
$0
All Other Contributions
$5,954
Change in Net Assets
$971,503

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$555,817
Total Noncash Contributions1$555,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,734,040
Total Revenue per Audited Statements
$2,734,040
Total Revenue per Form 990
$2,734,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,206,720
Salaries, Compensation, and Employee Benefits$555,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$599,487--$599,487
Other Salaries and Wages-$555,817-$555,817
Fees for Services Legal$493,714--$493,714
Other Expenses$49,587--$49,587
Fees for Services Accounting-$13,900-$13,900
Occupancy-$13,590-$13,590
Office Expenses$11,877--$11,877
Conferences and Meetings$9,933--$9,933
Travel$4,974--$4,974
Depreciation Depletion$3,671--$3,671
Insurance-$3,125-$3,125
Fees for Services Other-$2,862-$2,862
Total Functional Expenses$1,173,243$589,294$0$1,762,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,762,537
Total Expenses per Audited Statements$1,762,537
Total Expenses per Form 990$1,762,537
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The chancellor of the university of ar medical sciences appoints two members of the board of directors that are academic deans at uams. The chancellor also appointed the initial six board members identified as "at large board members." after the initial appointment, at large board members are appointed by vote of the board of directors. Four other members of the board of directors are persons holding designated positions at uams.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the vice chancellor of the finance and administration prior to filing. The board is provided a copy of the filed form 990.

Form 990, Page 6, Part VI, Line 12C

The board of directors asks the members that have a conflict of interest on any motion recuse themselves from the discussion and vote on the matter. The board of directors are asked to provide a listing of activities, other board involvement, or ownership interests that could be potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

The governing documents of the organization such as articles of incorporation and bylaws are provided to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Arhealth Ventures Inc
EIN
45-5196121
Address
4301 WEST MARKHAM ST SLOT 632, LITTLE ROCK, AR 72205

Signing Officer

Name
Amanda George
Title
Treasurer
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda George
Formed
2012
Legal Domicile
Ar
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Priddy Holifield Ables Pa
Address
615 MAIN ST, NORTH LITTLE ROCK, AR 72114
Preparer
Jeremy Ables
Phone
5013749241
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide resources to selected businesses deemed consistent with the mission of uams, a division of the university of ar, to improve the health, health care and well-being of arkansans through its education, patient care and research programs.

Form 990, Page 2, Part III, Line 4A

The organization made a capital contribution of 200,000 to the partnership for a healthy arkansas. The partnership for a healthy arkansas was organized to enhance the quality and efficiency of health care services for the citizens of arkansas. The members work collectively to develop ideas and projects that will assist participating healthcare organizations to improve themselves in quality improvement, cost reduction, sharing ideas and experience, and best practices. The organization also made a capital contribution of 50,000 to nwa pace management and holds a 10% equity interest. Pace provides management and professional services for and on behalf of washington regional medicorp. Pace is a comprehensive health and social services program that provides and coordinates primary, preventative, acute and long-term care services that provide focus on helping the frail elderly continue to live in the community.

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IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORT UAMS IN ITS OPERATION, MANAGEMENT AND COMMERCIALIZATION OF MEDICAL, PHARMACEUTICAL, LIFE SCIENCE AND HEALTHCARE RELATED INNOVATION, EDUCATION, DISCOVERIES, INVENTIONS, PROCESSES AND INFORMATION RESULTING THEREFROM. OPERATIONS SPECIFICALLY APPLY TO THE MANAGEMENT OF A TECHNOLOGY INCUBATOR BUILDING AND THE MANAGEMENT OF SPECIFIED INTELLECTUAL PROPERTY ASSETS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE RESOURCES TO SELECTED BUSINESSES DEEMED CONSISTENT WITH THE MISSION OF UAMS, A DIVISION OF THE UNIVERSITY OF AR, TO IMPROVE THE HEALTH, HEALTH CARE AND WELL-BEING OF ARKANSANS THROUGH ITS EDUCATION, PATIENT CARE AND RESEARCH PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MADE A CAPITAL CONTRIBUTION OF 200,000 TO THE PARTNERSHIP FOR A HEALTHY ARKANSAS. THE PARTNERSHIP FOR A HEALTHY ARKANSAS WAS ORGANIZED TO ENHANCE THE QUALITY AND EFFICIENCY OF HEALTH CARE SERVICES FOR THE CITIZENS OF ARKANSAS. THE MEMBERS WORK COLLECTIVELY TO DEVELOP IDEAS AND PROJECTS THAT WILL ASSIST PARTICIPATING HEALTHCARE ORGANIZATIONS TO IMPROVE THEMSELVES IN QUALITY IMPROVEMENT, COST REDUCTION, SHARING IDEAS AND EXPERIENCE, AND BEST PRACTICES. THE ORGANIZATION ALSO MADE A CAPITAL CONTRIBUTION OF 50,000 TO NWA PACE MANAGEMENT AND HOLDS A 10% EQUITY INTEREST. PACE PROVIDES MANAGEMENT AND PROFESSIONAL SERVICES FOR AND ON BEHALF OF WASHINGTON REGIONAL MEDICORP. PACE IS A COMPREHENSIVE HEALTH AND SOCIAL SERVICES PROGRAM THAT PROVIDES AND COORDINATES PRIMARY, PREVENTATIVE, ACUTE AND LONG-TERM CARE SERVICES THAT PROVIDE FOCUS ON HELPING THE FRAIL ELDERLY CONTINUE TO LIVE IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHANCELLOR OF THE UNIVERSITY OF AR MEDICAL SCIENCES APPOINTS TWO MEMBERS OF THE BOARD OF DIRECTORS THAT ARE ACADEMIC DEANS AT UAMS. THE CHANCELLOR ALSO APPOINTED THE INITIAL SIX BOARD MEMBERS IDENTIFIED AS "AT LARGE BOARD MEMBERS." AFTER THE INITIAL APPOINTMENT, AT LARGE BOARD MEMBERS ARE APPOINTED BY VOTE OF THE BOARD OF DIRECTORS. FOUR OTHER MEMBERS OF THE BOARD OF DIRECTORS ARE PERSONS HOLDING DESIGNATED POSITIONS AT UAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE VICE CHANCELLOR OF THE FINANCE AND ADMINISTRATION PRIOR TO FILING. THE BOARD IS PROVIDED A COPY OF THE FILED FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ASKS THE MEMBERS THAT HAVE A CONFLICT OF INTEREST ON ANY MOTION RECUSE THEMSELVES FROM THE DISCUSSION AND VOTE ON THE MATTER. THE BOARD OF DIRECTORS ARE ASKED TO PROVIDE A LISTING OF ACTIVITIES, OTHER BOARD INVOLVEMENT, OR OWNERSHIP INTERESTS THAT COULD BE POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS OF THE ORGANIZATION SUCH AS ARTICLES OF INCORPORATION AND BYLAWS ARE PROVIDED TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BIOVENTURES LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INCUBATOR
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0LITTLE ROCK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0UNIVERSITY OF AR MEDICAL SCIENCES
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