Civic Intelligence

Wmc Public Benefit Corporation

EIN 47-4965115 • 501(c)3 • Louisville, MS

Profile

Wmc public benefit corporation's mission is to promote and assist winston county medical foundation (a not-for-profit corporation operating an acute care hospital and a long-term care nurisng home located in louisville, ms)with the development of hospital facilities and the securing of capital for the operation of health care related services to benefit the health and wellness of the citizens of winston county, ms and surrounding areas.

PO Box 967Louisville, MS 39339
Siviq Scores

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

Liabilities / Assets

51st percentile

0.23x

Higher debt load relative to assets than 51% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

33rd percentile

0.8%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-14%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$44,487,508

Up $373,382 (+0.8%) from 2023

Liabilities

Down

$10,097,900

Down $235,267 (-2.3%) from 2023

Net Assets

Up

$34,389,608

Up $608,649 (+1.8%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin76th percentile

Revenue

Down

$2,910,360

Down $458,112 (-14%) from 2023

Expenses

Up

$2,301,711

Up $61,185 (+2.7%) from 2023

Net Income

Down

$608,649

Down $519,297 (-46%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth33rd percentile

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

$80M$60M$40M$20M$0-$20MAssets 2015: $55,206,708Liabilities 2015: $55,625,867Net Assets 2015: -$419,1592015Assets 2016: $59,409,794Liabilities 2016: $60,488,827Net Assets 2016: -$1,079,0332016Assets 2017: $57,675,810Liabilities 2017: $55,512,376Net Assets 2017: $2,163,4342017Assets 2018: $55,132,102Liabilities 2018: $55,249,229Net Assets 2018: -$117,1272018Assets 2019: $52,614,846Liabilities 2019: $54,960,616Net Assets 2019: -$2,345,7702019Assets 2020: $50,234,965Liabilities 2020: $54,659,537Net Assets 2020: -$4,424,5722020Assets 2021: $47,800,938Liabilities 2021: $54,360,433Net Assets 2021: -$6,559,4952021Assets 2022: $43,464,665Liabilities 2022: $10,500,735Net Assets 2022: $32,963,9302022Assets 2023: $44,114,126Liabilities 2023: $10,333,167Net Assets 2023: $33,780,9592023Assets 2024: $44,487,508Liabilities 2024: $10,097,900Net Assets 2024: $34,389,6082024

Highlighted filing

2024

Assets$44,487,508
Liabilities$10,097,900
Net Assets$34,389,608
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$60M$40M$20M$0-$20MRevenue 2015: $888Expenses 2015: $420,047Net Income 2015: -$419,1592015Revenue 2016: $29,754Expenses 2016: $729,359Net Income 2016: -$699,6052016Revenue 2017: $7,258,708Expenses 2017: $4,016,241Net Income 2017: $3,242,4672017Revenue 2018: $3,233,081Expenses 2018: $5,513,642Net Income 2018: -$2,280,5612018Revenue 2019: $3,233,076Expenses 2019: $5,461,719Net Income 2019: -$2,228,6432019Revenue 2020: $3,293,033Expenses 2020: $5,371,835Net Income 2020: -$2,078,8022020Revenue 2021: $3,262,410Expenses 2021: $5,397,333Net Income 2021: -$2,134,9232021Revenue 2022: $44,422,990Expenses 2022: $5,187,716Net Income 2022: $39,235,2742022Revenue 2023: $3,368,472Expenses 2023: $2,240,526Net Income 2023: $1,127,9462023Revenue 2024: $2,910,360Expenses 2024: $2,301,711Net Income 2024: $608,6492024

Highlighted filing

2024

Revenue$2,910,360
Expenses$2,301,711
Net Income$608,649
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,487,508
Liabilities
$10,097,900
Net assets
$34,389,608
Revenue
$2,910,360
Expenses
$2,301,711
Net income
$608,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.5$10.1$34.4$2.91$2.30$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.1$10.3$33.8$3.37$2.24$1.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.5$10.5$33.0$44.4$5.19$39.2
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.8$54.4$6.56$3.26$5.40$2.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.2$54.7$4.42$3.29$5.37$2.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.6$55.0$2.35$3.23$5.46$2.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.1$55.2$0.12$3.23$5.51$2.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.7$55.5$2.16$7.26$4.02$3.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.4$60.5$1.08$0.03$0.73$0.70
2015Summary only. Only limited summary data is available for this year.$55.2$55.6$0.42$0.00$0.42$0.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 30, 2025
Return Version
2024v5.0
Gross Receipts
$2,910,360
Mission and Program Overview

Mission

Wmc public benefit corporation's mission is to promote and assist winston county medical foundation (a not-for-profit corporation operating an acute care hospital and a long-term care nurisng home located in louisville, ms)with the development of hospital facilities and the securing of capital for the operation of health care related services to benefit the health and wellness of the citizens of winston county, ms and surrounding areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,240,833$39,705,473▼ $1,535,360
Accounts Receivable$2,843,791$4,752,399▲ $1,908,608
Cash and Non-Interest-Bearing Accounts$29,502$29,636▲ $134
Total Assets$44,114,126$44,487,508▲ $373,382
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,268,981$10,034,006▼ $234,975
Other Liabilities$64,186$63,894▼ $292
Total Liabilities$10,333,167$10,097,900▼ $235,267
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,780,959$34,389,608▲ $608,649
Total Net Assets Fund Balance$33,780,959$34,389,608▲ $608,649
Total Liabilities and Net Assets / Fund Balance$44,114,126$44,487,508▲ $373,382

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$38,467,315$9,937,175$48,404,490
Equipment$915,168$5,432,190$6,347,358
Land$322,990-$322,990
Other Land Buildings-$873$873
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Britt HamillTrustee
Don BrantleyTrustee
Dow ThomasTrustee
Mary TaborTrustee
Terry WoodsTrustee
Michael NesterCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,910,191
Investment Income
$169
Other Revenue
$0
Change in Net Assets
$608,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,910,360
Total Revenue per Audited Statements
$2,910,360
Total Revenue per Form 990
$2,910,360
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,301,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,535,359--$1,535,359
Interest$766,316--$766,316
Other Expenses$36--$36
Total Functional Expenses$2,301,711$0$0$2,301,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,301,711
Total Expenses per Audited Statements$2,301,711
Total Expenses per Form 990$2,301,711
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Expense$63,894
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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 11B

“Form 990 is reviewed by the ceo prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Available at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Wmc Public Benefit Corporation
EIN
47-4965115
Phone
6627795101
Address
PO BOX 967, LOUISVILLE, MS 39339
Doing Business As
Wmc Public Benefit Corporation

Signing Officer

Name
Michael Nester
Title
CEO
Phone
6627795101
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Nester
Formed
2015
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 311, EUPORA, MS 39744
Preparer
Anita C Goodrum CPA
Phone
6622582331
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Wmc public benefit corporation's mission is to promote and assist winston county medical foundation (a not-for-profit corporation operating an acute care hospital and a long-term care nurisng home located in louisville, ms)with the development of hospital facilities and the securing of capital for the operation of health care related services to benefit the health and wellness of the citizens of winston county, ms and surrounding areas.”

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

“Wmc public benefit corporation "lessor" entered into a lease agreement wit winston county medical foundation "lessee" on december 14, 2015 "the commencement date". The intent of the lessor and lessee is that the lesso shall provide and lease to the lessee the land and hospital facility which consist of various buildings and a parking area. The term of this agreement began on the commencement date and shall continue for a period of thirty years. Wmc public benefit corporation "lessor" entered into a separate lease agreement with winston county medical foundation "lessee" o december 14, 2015 "the commencement date". The intent of the lessor and lessee is that the lessor shall provide and lease to the lessee various equipment. The term of this agreement began on the commencement date and shall continue for a period of seven years.”

Form 990, Part XI, Line 9

“Release of temporarily restricted net assets 0 net assets released from restriction 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Release of temporarily restricted net assets 0”

Schedule D, Page 4, Part XII, Line 2D

“Net assets released from restriction 0”

Raw XML Appendix352 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NET ASSETS RELEASED FROM RESTRICTION 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WMC PUBLIC BENEFIT CORPORATION'S MISSION IS TO PROMOTE AND ASSIST WINSTON COUNTY MEDICAL FOUNDATION (A NOT-FOR-PROFIT CORPORATION OPERATING AN ACUTE CARE HOSPITAL AND A LONG-TERM CARE NURISNG HOME LOCATED IN LOUISVILLE, MS)WITH THE DEVELOPMENT OF HOSPITAL FACILITIES AND THE SECURING OF CAPITAL FOR THE OPERATION OF HEALTH CARE RELATED SERVICES TO BENEFIT THE HEALTH AND WELLNESS OF THE CITIZENS OF WINSTON COUNTY, MS AND SURROUNDING AREAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WMC PUBLIC BENEFIT CORPORATION "LESSOR" ENTERED INTO A LEASE AGREEMENT WIT WINSTON COUNTY MEDICAL FOUNDATION "LESSEE" ON DECEMBER 14, 2015 "THE COMMENCEMENT DATE". THE INTENT OF THE LESSOR AND LESSEE IS THAT THE LESSO SHALL PROVIDE AND LEASE TO THE LESSEE THE LAND AND HOSPITAL FACILITY WHICH CONSIST OF VARIOUS BUILDINGS AND A PARKING AREA. THE TERM OF THIS AGREEMENT BEGAN ON THE COMMENCEMENT DATE AND SHALL CONTINUE FOR A PERIOD OF THIRTY YEARS. WMC PUBLIC BENEFIT CORPORATION "LESSOR" ENTERED INTO A SEPARATE LEASE AGREEMENT WITH WINSTON COUNTY MEDICAL FOUNDATION "LESSEE" O DECEMBER 14, 2015 "THE COMMENCEMENT DATE". THE INTENT OF THE LESSOR AND LESSEE IS THAT THE LESSOR SHALL PROVIDE AND LEASE TO THE LESSEE VARIOUS EQUIPMENT. THE TERM OF THIS AGREEMENT BEGAN ON THE COMMENCEMENT DATE AND SHALL CONTINUE FOR A PERIOD OF SEVEN YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE CEO PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RELEASE OF TEMPORARILY RESTRICTED NET ASSETS 0 NET ASSETS RELEASED FROM RESTRICTION 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-10-30T15:10:25-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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