Civic Intelligence

White River Health System Inc

EIN 71-0411459 • 501(c)3 • Batesville, AR

Profile

To provide health care service to the communities in independence county, stone county and surrounding areas. To promote healthier communities and provide quality, efficient healthcare in an atmosphere of compassion, respect, and dignity.

1710 Harrison StBatesville, AR 72501

www.wrmc.com

Siviq Scores

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

Liabilities / Assets

45th percentile

0.25x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.20x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

27th percentile

-1.3%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

66th percentile

$1,267,255

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

16th percentile

-2.4%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

2.0%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Down

$233,073,865

Down $5,648,583 (-2.4%) from 2023

Liabilities

Down

$58,157,606

Down $7,835,570 (-12%) from 2023

Net Assets

Up

$174,916,259

Up $2,186,987 (+1.3%) from 2023

Revenue

Up

$292,870,834

Up $5,859,736 (+2.0%) from 2023

Expenses

Down

$296,620,909

Down $123,687 (-0.0%) from 2023

Net Income

Up

-$3,750,075

Up $5,983,423 (+61%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $165,739,762Liabilities 2010: $53,630,068Net Assets 2010: $112,109,6942010Assets 2011: $210,725,908Liabilities 2011: $89,461,982Net Assets 2011: $121,263,9262011Assets 2012: $207,441,883Liabilities 2012: $80,167,826Net Assets 2012: $127,274,0572012Assets 2013: $213,686,793Liabilities 2013: $80,638,273Net Assets 2013: $133,048,5202013Assets 2014: $208,621,527Liabilities 2014: $70,947,691Net Assets 2014: $137,673,8362014Assets 2015: $217,089,382Liabilities 2015: $71,931,664Net Assets 2015: $145,157,7182015Assets 2016: $229,298,114Liabilities 2016: $75,246,362Net Assets 2016: $154,051,7522016Assets 2017: $229,655,201Liabilities 2017: $76,539,548Net Assets 2017: $153,115,6532017Assets 2018: $228,306,674Liabilities 2018: $78,151,509Net Assets 2018: $150,155,1652018Assets 2019: $227,497,059Liabilities 2019: $77,151,821Net Assets 2019: $150,345,2382019Assets 2020: $282,000,747Liabilities 2020: $127,887,452Net Assets 2020: $154,113,2952020Assets 2021: $290,100,364Liabilities 2021: $99,440,690Net Assets 2021: $190,659,6742021Assets 2022: $249,893,967Liabilities 2022: $67,771,985Net Assets 2022: $182,121,9822022Assets 2023: $238,722,448Liabilities 2023: $65,993,176Net Assets 2023: $172,729,2722023Assets 2024: $233,073,865Liabilities 2024: $58,157,606Net Assets 2024: $174,916,2592024

Highlighted filing

2024

Assets$233,073,865
Liabilities$58,157,606
Net Assets$174,916,259

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2010: $154,027,3682010Expenses 2011: $161,948,6942011Revenue 2012: $172,721,894Expenses 2012: $167,376,327Net Income 2012: $5,345,5672012Expenses 2013: $168,032,8772013Revenue 2014: $170,026,615Expenses 2014: $165,444,791Net Income 2014: $4,581,8242014Revenue 2015: $183,690,116Expenses 2015: $176,361,915Net Income 2015: $7,328,2012015Revenue 2016: $206,881,231Expenses 2016: $198,109,450Net Income 2016: $8,771,7812016Revenue 2017: $224,244,091Expenses 2017: $225,609,302Net Income 2017: -$1,365,2112017Revenue 2018: $249,334,948Expenses 2018: $247,857,739Net Income 2018: $1,477,2092018Revenue 2019: $264,127,444Expenses 2019: $262,877,348Net Income 2019: $1,250,0962019Revenue 2020: $259,049,712Expenses 2020: $256,780,899Net Income 2020: $2,268,8132020Revenue 2021: $299,685,485Expenses 2021: $264,019,663Net Income 2021: $35,665,8222021Revenue 2022: $291,657,100Expenses 2022: $295,318,299Net Income 2022: -$3,661,1992022Revenue 2023: $287,011,098Expenses 2023: $296,744,596Net Income 2023: -$9,733,4982023Revenue 2024: $292,870,834Expenses 2024: $296,620,909Net Income 2024: -$3,750,0752024

Highlighted filing

2024

Revenue$292,870,834
Expenses$296,620,909
Net Income-$3,750,075

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$233$58.2$175$293$297$3.75
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$239$66.0$173$287$297$9.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$250$67.8$182$292$295$3.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$290$99.4$191$300$264$35.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$282$128$154$259$257$2.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$227$77.2$150$264$263$1.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$228$78.2$150$249$248$1.48
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$230$76.5$153$224$226$1.37
2016Detailed filing. Detailed filing data is available for this year.$229$75.2$154$207$198$8.77
2015Detailed filing. Detailed filing data is available for this year.$217$71.9$145$184$176$7.33
2014Detailed filing. Detailed filing data is available for this year.$209$70.9$138$170$165$4.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$214$80.6$133$168
2012Summary only. Only limited summary data is available for this year.$207$80.2$127$173$167$5.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$89.5$121$162
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$166$53.6$112$154
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$292,870,834
Mission and Program Overview

Mission

Wrhs mission is to provide quality healthcare and improve the health of our communities. Wrhs vision is to provide an environment where patients choose to receive care, employees desire to work, physicians want to practice, and families and visitors feel welcome.

Wrhs mission is to provide quality healthcare and improve the health of our communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$99,473,437$92,141,274▼ $7,332,163
Investments in Publicly Traded Securities$37,101,307$45,083,903▲ $7,982,596
Accounts Receivable$32,928,334$32,114,555▼ $813,779
Savings and Temporary Cash Investments$23,984,848$19,063,719▼ $4,921,129
Inventories for Sale or Use$6,541,683$7,080,119▲ $538,436
Cash and Non-Interest-Bearing Accounts$3,342,400$4,228,135▲ $885,735
Prepaid Expenses and Deferred Charges$2,452,722$2,580,642▲ $127,920
Investments Program Related$1,586,757$1,678,342▲ $91,585
Intangible Assets$963,969$822,193▼ $141,776
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Rtn Earn Endowment Incm Other Fnds$0--
Cap Stk Tr Prin Current Funds$0--
Loans From Officers Directors$0$0→ $0
Total Assets$238,722,448$233,073,865▼ $5,648,583
Other Assets Total$30,346,991$28,280,983▼ $2,066,008
Liabilities
Accounts Payable and Accrued Expenses$26,918,144$27,280,869▲ $362,725
Tax Exempt Bond Liabilities$22,258,048$17,620,516▼ $4,637,532
Other Liabilities$8,017,337$7,062,522▼ $954,815
Mortgage Notes Payable Secured by Investment Property$8,799,647$6,193,699▼ $2,605,948
Grants Payable$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Total Liabilities$65,993,176$58,157,606▼ $7,835,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$172,729,272$174,916,259▲ $2,186,987
Net Assets With Donor Restrictions$0--
Total Net Assets Fund Balance$172,729,272$174,916,259▲ $2,186,987
Total Liabilities and Net Assets / Fund Balance$238,722,448$233,073,865▼ $5,648,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$66,706,629$92,924,855$159,631,484
Equipment$13,274,457$112,988,790$126,263,247
Leasehold Improvements$6,799,626$2,590,661$9,390,287
Land$3,797,668-$3,797,668
Other Land Buildings$1,562,894$1,402,900$2,965,794
Other Assets Org$6,265,640--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$125,948-▲ $4,763-$130,711
2022$113,337$0▲ $12,611$0$125,948
2021$106,554$35,445▼ $28,662$0$113,337
2020$93,709$8,000▲ $4,845$0$106,554
2019$71,583$20,000▲ $2,126$0$93,709
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mahesh A NarayananPhysicianFT$777,016$490,239$1,267,255
Dylan CarpenterPhysicianFT$651,011$573,824$1,224,835
Charles VarelaPhysicianFT$638,170$335,675$973,845
Wesley GreerPhysicianFT$606,682$344,743$951,425
Jeff AngelphysicianFT$656,375$187,703$844,078
Gary PaxsonPresident, CEOFT$507,723$112,804$620,527
Lindsey CastleberryEVP HR/Legal CounselFT$229,317$62,227$291,544
Shawna IvesEvp CFOFT$227,036$58,187$285,223
Joseph SmothermanEvp CSO/COOFT$212,879$61,950$274,829
Chris SteelIP Chief Medical OfficerFT$263,843-$263,843
Robert WrightEVP Physician ServicesFT$204,227$46,109$250,336
Jennifer SandageEVP Chief Nursing OfficerFT$193,949$48,084$242,033
Jeff ReifsteckEVP Chief Information OfficerFT$183,940$45,562$229,502
Kathy ThomasEvp ScmcFT$173,232$11,587$184,819

Board Members and Trustees

NameTitle
Kevin RoseChairman
Randy CrossVice Chairman
Beth ChristianDirector
Crystal JohnsonDirector
Jason TaylorDirector
Paula TerrellDirector
Rick ElumbaughDirector
Robert McintireDirector
Steve BryantDirector
Tina WheelisDirector
Philip BrisseySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Independence Emergency Physicians PLLCPhysician2417 Sea Island, Jonesboro, AR 72404$7,767,662
North Arkansas Pain ManagementPhysician108 N Shackleford Road, Little Rock, AR 72211$3,605,696
Wil-Bry ConstructionConstruction1300 Bethesda Road, Batesville, AR 72501$1,416,616
Khan Medical CorporationPhysician1 Sez Anne Cove, Little Rock, AR 72223$603,750
John Taylor III MDPhysician29 Belles Fleurs Circle, Little Rock, AR 72223$549,993
Revenue and Support

Revenue Composition

Contributions and Grants
$823,437
Program Service Revenue
$286,420,081
Investment Income
$3,493,067
Other Revenue
$2,134,249
All Other Contributions
$106,844
Change in Net Assets
$-3,750,075

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,360,356
Revenue Not Reported on Financial Statements
$510,478
Revenue Not Reported on Form 990
$5,937,062
Other Revenue Adjustments
$510,478
Total Revenue per Audited Statements
$298,297,418
Total Revenue per Form 990
$292,870,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$162,980,905
Other Expenses$133,473,775
Grants and Similar Amounts Paid$166,229
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,613,007$23,506,130-$123,119,137
Fees for Services Other$26,589,224$6,274,379$0$32,863,603
Other Employee Benefits$20,793,992$4,906,852-$25,700,844
Depreciation Depletion$8,746,391$2,063,925-$10,810,316
Payroll Taxes$6,504,326$1,534,855-$8,039,181
Occupancy$3,747,882$884,404-$4,632,286
All Other Expenses$3,039,047$717,139$0$3,756,186
Current Officers, Directors, Trustees, and Key Employees-$3,471,852-$3,471,852
Other Expenses$2,209,263$521,330-$2,730,593
Pension Plan Contributions$2,143,969$505,922-$2,649,891
Insurance$1,878,730$443,332-$2,322,062
Office Expenses$1,476,442$348,403-$1,824,845
Interest$832,435$196,433-$1,028,868
Fees for Services Accounting$716,470$169,069-$885,539
Conferences and Meetings$444,019$104,777-$548,796
Advertising$326,562$77,060-$403,622
Travel$243,342$57,423-$300,765
Grants to Domestic Individuals$134,670--$134,670
Grants to Domestic Orgs$31,559--$31,559
Fees for Services Legal$16,525$3,900-$20,425
Total Functional Expenses$247,675,719$48,945,190$0$296,620,909

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$296,620,909
Expenses per Audited Statements$296,149,225
Total Expenses per Audited Statements$296,149,225
Expenses Not Reported on Financial Statements$471,684
Other Expense Adjustments$471,684
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lyon CollegeBatesville, AR501 (c) (3)Athletic Trainer Salary$31,109
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou- Liability$7,062,522

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Batesville Ar Public Facilities Board2020-08-25$34,840,074Hospital revenue refunding bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$34,840,074$34,268,357$10,595,000$571,717

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A 15B

The annual compensation reviews are performed by the board in january.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed and approved by the finance committee. It is then presented to the board of directors for approval

Form 990, Part VI, Line 12C Conflict of interest policy

Annual conflict of interest policies are sent out to officers, directors, and key employees and responses are returned to independent auditors which compile a list of conflicts. The conflicts are presented to the audit committee and board of directors to review. If there is a conflict of interest, the affected board member does not vote. The board chair would ensure that the policy is adhered to.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's financial statements, governing documents and the conflict of interest policy are made available to the public upon request.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Other program revenue - Total Revenue: 1002978, Related or Exempt Function Revenue: 1002978, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0;

Filing and Contact Details

Filer

Filer Name
White River Health System Inc
EIN
71-0411459
Phone
8706986520
Address
1710 Harrison St, Batesville, AR 72501

Signing Officer

Name
Shawna Ives
Title
CFO
Phone
8706986520
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
10
Employees
2,374
Volunteers
100

Preparer

Firm
Forvis Mazars LLP
Address
PO Box 3667, Little Rock, AR 72203-3667
Preparer
Amber Sherrill
Phone
5013721040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Physician Fees - Total Expense: 16242097, Program Service Expense: 13141126, Management and General Expenses: 3100971, Fundraising Expenses: ; Professional Fees - Total Expense: 7842577, Program Service Expense: 6345258, Management and General Expenses: 1497319, Fundraising Expenses: ; Collection Fees - Total Expense: 3060734, Program Service Expense: 2476373, Management and General Expenses: 584361, Fundraising Expenses: ; Other Fees - Total Expense: 993805, Program Service Expense: 804066, Management and General Expenses: 189739, Fundraising Expenses: ; Contract Labor - Total Expense: 2620780, Program Service Expense: 2120416, Management and General Expenses: 500364, Fundraising Expenses: ; Consulting Fees - Total Expense: 906956, Program Service Expense: 733798, Management and General Expenses: 173158, Fundraising Expenses: ; LAB FEES - Total Expense: 1196654, Program Service Expense: 968187, Management and General Expenses: 228467, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material income tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part V, Line 4

The organization intends to use the organization's endowment funds for scholarships and education.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Revenue from wrhs cin - 509953 revenue included in expense - 525

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Expense from wrhs cin - 471159 revenue included in expense - 525

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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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IRS990/Desc0WHITE RIVER HEALTH SYSTEM, INC. IS A MULTIDIMENSIONAL PROVIDER OF HEALTHCARE SERVICES PRIMARILY TO THE RESIDENTS OF NORTH CENTRAL ARKANSAS. THE NOT-FOR-PROFIT ORGANIZATION OPERATES TWO HOSPITALS; WHITE RIVER MEDICAL CENTER WHICH IS AN ACUTE CARE HOSPITAL PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY CARE TO THE RESIDENT OF INDEPENDENCE COUNTY AND SURROUNDING AREAS AND STONE COUNTY MEDICAL CENTER WHICH IS A CRITICAL ACCESS HOSPITAL PROVIDING INPATIENT, OUTPATIENT AND EMERGENCY CARE SERVICES FOR THE RESIDENTS OF STONE COUNTY AND SURROUNDING AREAS. THE SYSTEM ALSO INCLUDES OUTPATIENT FACILITIES, PRIMARY CARE AND SPECIALTY PHYSICIAN OFFICES, MEDICAL OFFICE BUILDINGS, AND WHITE RIVER HEALTH SYSTEM FOUNDATION, INC., WHICH PROVIDES SUPPORT FOR FURTHERING THE PURPOSE AND PROMOTING THE ACTIVITIES OF THE SYSTEM.
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