Civic Intelligence

White County Medical Foundation

990 • Fiscal year 2021 • EIN 62-1697734

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 09, 2022

3214 East Race AvenueSearcy, AR 72143

(501) 380-1001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$550,091

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 59.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.1%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

44%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,815,008

Up $219,928 (+6.1%) from 2020

Net Assets

Up

$3,815,008

Up $220,028 (+6.1%) from 2020

Liabilities

Down

$0

Down $100 (-100%) from 2020

Revenue

Up

$918,263

Up $278,431 (+44%) from 2020

Expenses

Up

$1,023,560

Up $864,127 (+542%) from 2020

Net Income

Down

-$105,297

Down $585,696 (-122%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,464,531Liabilities 2010: $0Net Assets 2010: $1,464,5312010Assets 2011: $2,468,456Liabilities 2011: $0Net Assets 2011: $2,468,4562011Assets 2012: $1,257,922Liabilities 2012: $0Net Assets 2012: $1,257,9222012Assets 2013: $1,539,630Liabilities 2013: $0Net Assets 2013: $1,539,6302013Assets 2014: $2,005,817Liabilities 2014: $0Net Assets 2014: $2,005,8172014Assets 2015: $2,187,308Liabilities 2015: $0Net Assets 2015: $2,187,3082015Assets 2016: $2,811,578Liabilities 2016: $0Net Assets 2016: $2,811,5782016Assets 2017: $1,734,652Liabilities 2017: $0Net Assets 2017: $1,734,6522017Assets 2018: $2,448,009Liabilities 2018: $0Net Assets 2018: $2,448,0092018Assets 2019: $3,104,950Liabilities 2019: $0Net Assets 2019: $3,104,9502019Assets 2020: $3,595,080Liabilities 2020: $100Net Assets 2020: $3,594,9802020Assets 2021: $3,815,008Liabilities 2021: $0Net Assets 2021: $3,815,0082021Assets 2022: $3,599,150Liabilities 2022: $0Net Assets 2022: $3,599,1502022Assets 2023: $4,247,963Liabilities 2023: $0Net Assets 2023: $4,247,9632023Assets 2024: $5,627,207Liabilities 2024: $587Net Assets 2024: $5,626,6202024

Highlighted filing

2021

Assets$3,815,008
Liabilities$0
Net Assets$3,815,008

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $270,9882010Expenses 2011: $269,6172011Expenses 2012: $1,712,2002012Expenses 2013: $398,1882013Revenue 2014: $763,390Expenses 2014: $297,203Net Income 2014: $466,1872014Revenue 2015: $435,066Expenses 2015: $253,575Net Income 2015: $181,4912015Revenue 2016: $732,364Expenses 2016: $108,094Net Income 2016: $624,2702016Revenue 2017: $930,644Expenses 2017: $2,007,570Net Income 2017: -$1,076,9262017Revenue 2018: $757,906Expenses 2018: $44,549Net Income 2018: $713,3572018Revenue 2019: $1,018,434Expenses 2019: $363,978Net Income 2019: $654,4562019Revenue 2020: $639,832Expenses 2020: $159,433Net Income 2020: $480,3992020Revenue 2021: $918,263Expenses 2021: $1,023,560Net Income 2021: -$105,2972021Revenue 2022: $493,797Expenses 2022: $30,152Net Income 2022: $463,6452022Revenue 2023: $398,989Expenses 2023: $27,881Net Income 2023: $371,1082023Revenue 2024: $783,549Expenses 2024: $56,711Net Income 2024: $726,8382024

Highlighted filing

2021

Revenue$918,263
Expenses$1,023,560
Net Income-$105,297
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 9, 2022
Return Version
2020v4.2
Gross Receipts
$918,263
Mission and Program Overview

Mission

Unity health - foundation was established to support the activities of white county medical center, inc. Including sponsorship and assistance to improve medical and patient care at the within the unity health system.

Provide financial support to white county medical center, inc..

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,806,942$3,398,356▲ $591,414
Cash and Non-Interest-Bearing Accounts$782,338$341,852▼ $440,486
Land, Buildings, and Equipment, Net$5,800$74,800▲ $69,000
Total Assets$3,595,080$3,815,008▲ $219,928
Liabilities
Accounts Payable and Accrued Expenses$100--
Total Liabilities$100$0▼ $100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,558,799$3,769,121▲ $210,322
Net Assets With Donor Restrictions$36,181$45,887▲ $9,706
Total Net Assets Fund Balance$3,594,980$3,815,008▲ $220,028
Total Liabilities and Net Assets / Fund Balance$3,595,080$3,815,008▲ $219,928

Asset Categories

AssetBook ValueDepreciationBasis
Land$74,800-$74,800
Other Securities$111,806--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$83,636-▲ $9,740-$93,376
2019$73,958-▲ $9,678-$83,636
2018$70,461-▲ $3,497-$73,958
2017-$71,396▼ $935-$70,461
Compensation and Service Providers

Employees

NameTitleOtherTotal
Anna BrumfieldSecretary$66,071$66,071

Board Members and Trustees

NameTitle
Steven WebbChairman
Amanda KincadeDirector
Brent BlakelyDirector
Clay GoffDirector
Debbie LeeDirector
Hazel DickeyDirector
Helen DanielsDirector
Jamie MobleyDirector
Judy FeltzDirector
Ladonna JohnsonDirector
Leah MillerDirector
Raymond MontgomeryDirector
Stephanie ShullDirector
Susan JohnsonDirector
Stuart HillTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$685,810
Program Service Revenue
$0
Investment Income
$221,901
Other Revenue
$10,552
All Other Contributions
$685,810
Change in Net Assets
$-105,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,012,615
Other Expenses$10,945
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,007,922--$1,007,922
Other Expenses$9,674--$9,674
Grants to Domestic Individuals$4,693--$4,693
Office Expenses$1,143$128-$1,271
Total Functional Expenses$1,023,432$128$0$1,023,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
White County Medical CenterSearcy, AR501(c)(3)Support$1,007,922
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
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the foundation is white county medical center, inc.

Form 990, Part VI, Section A, Line 7A

The board of directors of white county medical center, inc., the sole member of the foundation, has the right to nominate and approve the elected directors. In the event of a vacancy, the board of directors of the center shall appoint a replacement director to serve out the unexpired term of the foundation director.

Form 990, Part VI, Section A, Line 7B

The board of directors of white county medical center, inc., the sole member of the foundation, has the right to nominate and approve the elected directors. In the event of a vacancy, the board of directors of the center shall appoint a replacement director to serve out the unexpired term of the foundation director.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the executive team of the hospital and foundation as well as the accounting department. The foundation's board of directors are provided a copy of the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The board members are covered under this policy as there are no employees of the foundation. The conflict of interest policy covers personal loans, business relationships, grants and assistance, and compensation by the foundation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements avialable to the public within the administrative office upon a valid purpose and request.

Filing and Contact Details

Filer

Filer Name
White County Medical Foundation
EIN
62-1697734
Phone
5013801001
Address
3214 EAST RACE AVENUE, SEARCY, AR 72143
Doing Business As
Unity Health - Foundation

Signing Officer

Name
Stuart Hill
Title
Vice President/CFO
Phone
5013801001
Signed
2022-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stuart Hill
Formed
1997
Legal Domicile
Ar
Voting Board Members
16
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Horne Llp
Address
661 SUNNYBROOK ROAD STE 100, RIDGELAND, MS 39157
Preparer
Amie T Whittington CPA
Phone
6013261000
Supplemental Narrative

Additional Explanations

Form 990, Part IXX, Line 2C

Although white county medical foundation does have its own committee, white county medical center's board assumes responsibility. The process for selection and oversight of independent accountant has not changed from prior year.

Financial Statement Notes

PART V, LINE 4:

The medical center foundation's endowment consists of 1 donor restricted fund established for nursing scholarship reported as net assets with donor restrictions. There is 1 board-designated endowment fund for health care education reported as net assets without donor restrictions.

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IRS990/MissionDesc0UNITY HEALTH - FOUNDATION WAS ESTABLISHED TO SUPPORT THE ACTIVITIES OF WHITE COUNTY MEDICAL CENTER, INC. INCLUDING SPONSORSHIP AND ASSISTANCE TO IMPROVE MEDICAL AND PATIENT CARE AT THE WITHIN THE UNITY HEALTH SYSTEM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STUART HILL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01007922
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNITY HEALTH - WHITE COUNTY MEDICAL CENTER INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0EDWARD JONES (CAMPAIGN)
IRS990ScheduleD/OtherSecuritiesGrp/Desc1EDWARD JONES (INVESTMENT)
IRS990ScheduleD/OtherSecuritiesGrp/Desc2EDWARD JONES (FORMBY RESTRICTED)
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FSB (INVESTMENT)
IRS990ScheduleD/OtherSecuritiesGrp/Desc4LPL FINANCIAL (INVESTMENT)
IRS990ScheduleD/OtherSecuritiesGrp/Desc5OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc6SIMMONS BANK (INVESTMENT)
IRS990ScheduleD/OtherSecuritiesGrp/Desc7ALLOWANCE-FMV/EDWARD JONES
IRS990ScheduleD/OtherSecuritiesGrp/Desc8ALLOWANCE-FMV/FSB
IRS990ScheduleD/OtherSecuritiesGrp/Desc9ALLOWANCE-FMV/LPL
IRS990ScheduleD/OtherSecuritiesGrp/Desc10ALLOWANCE-FMV/SIMMON
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd10F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.49140
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MEDICAL CENTER FOUNDATION'S ENDOWMENT CONSISTS OF 1 DONOR RESTRICTED FUND ESTABLISHED FOR NURSING SCHOLARSHIP REPORTED AS NET ASSETS WITH DONOR RESTRICTIONS. THERE IS 1 BOARD-DESIGNATED ENDOWMENT FUND FOR HEALTH CARE EDUCATION REPORTED AS NET ASSETS WITHOUT DONOR RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt074800
IRS990ScheduleD/TotalBookValueSecuritiesAmt03398356
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt04693
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EMPLOYEE RELIEF
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/RecipientTable/CashGrantAmt01007922
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WHITE COUNTY MEDICAL CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0710772737
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03214 EAST RACE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SEARCY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0AR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd072143
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIP SELECTION COMMITTEE IS MADE UP OF THREE WHITE COUNTY MEDICAL CENTER AUXILIARY MEMBERS. THESE COMMITTEE MEMBERS REVIEW EACH APPLICATION AND GRADE THEM INDIVIDUALLY. SOME OF THE CRITERIA THAT THE SCHOLARSHIP COMMITTEE TAKES INTO CONSIDERATIION: COMPLETED APPLICATIONS, GRADES, FINANCIAL NEED, PROFESSIONAL DIRECTION, HISTORY OF STUDENT EMPLOYMENT, CLASSES TAKEN, EXTRACURRICULAR ACTIVITIES AND CIVIC INVOLVEMENT. $1,000 SCHOLARSHIP WINNERS ARE CHOSEN FORM THE APPLICANTS. THE STUDENTS ARE NOTIFIED AND THEN INVITED TO ATTEND THE ANNUAL AUXILIARY AWARDS LUNCHEON TO BE RECOGNIZED. THE STUDENTS MUST PROVIDE THE FOUNDATION WITH THEIR COLLEGE INFORMATION. CHECKS ARE SENT TO THE COLLEGE, NOT TO INDIVIDUALS. SCHOLARSHIP FUNDS MUST BE RETURNED IF THE STUDENTS DO NOT COMPLETE THE YEAR OF SCHOOLING. STUDENTS/ASSOCIATES ARE ELIGIBLE ONLY ONCE FOR THE WHITE COUNTY MEDICAL FOUNDATION SCHOLARSHIP. GRANTS ARE ALSO MADE TO WHITE COUNTY MEDICAL CENTER IN SUPPORT OF THEIR EXEMPT PURPOSE. GRANTS ARE ALSO MADE TO PROVIDE EMERGENCY RELIEF TO ELIGIBLE EMPLOYEES OF WHITE COUNTY MEDICAL CENTER, AS WELL AS TO PATIENTS OF WHITE COUNTY MEDICAL CENTER TO SUPPLEMENT DRUG COSTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.63$0.00$5.63$0.78$0.06$0.73
2023Detailed filing. Detailed filing data is available for this year.$4.25$0.00$4.25$0.40$0.03$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.60$0.00$3.60$0.49$0.03$0.46
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.00$3.82$0.92$1.02$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.59$0.64$0.16$0.48
2019Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$1.02$0.36$0.65
2018Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.76$0.04$0.71
2017Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.93$2.01$1.08
2016Detailed filing. Detailed filing data is available for this year.$2.81$0.00$2.81$0.73$0.11$0.62
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.44$0.25$0.18
2014Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$0.76$0.30$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.00$1.54$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$1.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.00$2.47$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.27