Civic Intelligence

Baxter County Regional Hospital Inc

EIN 71-0561765 • 501(c)3 • Mountain Home, AR

Profile

Compassionate care beyond measure.

624 Hospital DriveMountain Home, AR 72653

www.baxterregional.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.40x

Higher debt load relative to assets than 60% of similar nonprofits.

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

Liabilities / Revenue

28th percentile

0.25x

Higher debt load relative to revenue than 28% of similar nonprofits.

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

Net Margin

47th percentile

3.2%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

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

Asset Growth

35th percentile

3.1%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

35th percentile

4.8%

Faster revenue growth than 35% of similar nonprofits.

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

Assets

Up

$192,039,422

Up $5,799,579 (+3.1%) from 2023

Liabilities

Down

$76,059,799

Down $1,374,424 (-1.8%) from 2023

Net Assets

Up

$115,979,623

Up $7,174,003 (+6.6%) from 2023

Revenue

Up

$308,753,340

Up $14,024,034 (+4.8%) from 2023

Expenses

Up

$298,774,816

Up $6,984,981 (+2.4%) from 2023

Net Income

Up

$9,978,524

Up $7,039,053 (+239%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $141,950,802Liabilities 2010: $86,222,510Net Assets 2010: $55,728,2922010Assets 2011: $147,759,970Liabilities 2011: $92,222,746Net Assets 2011: $55,537,2242011Assets 2012: $153,423,201Liabilities 2012: $94,327,653Net Assets 2012: $59,095,5482012Assets 2013: $150,149,222Liabilities 2013: $89,101,726Net Assets 2013: $61,047,4962013Assets 2014: $152,446,094Liabilities 2014: $84,414,043Net Assets 2014: $68,032,0512014Assets 2015: $143,071,719Liabilities 2015: $79,159,291Net Assets 2015: $63,912,4282015Assets 2016: $143,415,499Liabilities 2016: $77,843,753Net Assets 2016: $65,571,7462016Assets 2017: $149,770,166Liabilities 2017: $77,831,183Net Assets 2017: $71,938,9832017Assets 2018: $153,982,407Liabilities 2018: $81,602,656Net Assets 2018: $72,379,7512018Assets 2019: $171,879,651Liabilities 2019: $88,454,068Net Assets 2019: $83,425,5832019Assets 2020: $240,779,846Liabilities 2020: $139,166,844Net Assets 2020: $101,613,0022020Assets 2021: $242,072,220Liabilities 2021: $129,156,968Net Assets 2021: $112,915,2522021Assets 2022: $190,484,930Liabilities 2022: $81,924,640Net Assets 2022: $108,560,2902022Assets 2023: $186,239,843Liabilities 2023: $77,434,223Net Assets 2023: $108,805,6202023Assets 2024: $192,039,422Liabilities 2024: $76,059,799Net Assets 2024: $115,979,6232024

Highlighted filing

2024

Assets$192,039,422
Liabilities$76,059,799
Net Assets$115,979,623

Operations Trend

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $149,125,0132010Expenses 2011: $156,455,4732011Expenses 2012: $167,575,6342012Revenue 2013: $168,286,599Expenses 2013: $167,732,882Net Income 2013: $553,7172013Revenue 2014: $179,378,093Expenses 2014: $170,527,742Net Income 2014: $8,850,3512014Revenue 2015: $174,976,238Expenses 2015: $176,619,229Net Income 2015: -$1,642,9912015Revenue 2016: $187,447,485Expenses 2016: $186,102,008Net Income 2016: $1,345,4772016Revenue 2017: $206,590,639Expenses 2017: $201,912,285Net Income 2017: $4,678,3542017Revenue 2018: $238,830,136Expenses 2018: $229,562,316Net Income 2018: $9,267,8202018Revenue 2019: $252,175,551Expenses 2019: $245,137,490Net Income 2019: $7,038,0612019Revenue 2020: $260,264,257Expenses 2020: $243,093,194Net Income 2020: $17,171,0632020Revenue 2021: $280,516,599Expenses 2021: $272,395,357Net Income 2021: $8,121,2422021Revenue 2022: $305,414,385Expenses 2022: $293,667,584Net Income 2022: $11,746,8012022Revenue 2023: $294,729,306Expenses 2023: $291,789,835Net Income 2023: $2,939,4712023Revenue 2024: $308,753,340Expenses 2024: $298,774,816Net Income 2024: $9,978,5242024

Highlighted filing

2024

Revenue$308,753,340
Expenses$298,774,816
Net Income$9,978,524

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$192$76.1$116$309$299$9.98
2023Detailed filing. Detailed filing data is available for this year.$186$77.4$109$295$292$2.94
2022Detailed filing. Detailed filing data is available for this year.$190$81.9$109$305$294$11.7
2021Detailed filing. Detailed filing data is available for this year.$242$129$113$281$272$8.12
2020Detailed filing. Detailed filing data is available for this year.$241$139$102$260$243$17.2
2019Detailed filing. Detailed filing data is available for this year.$172$88.5$83.4$252$245$7.04
2018Detailed filing. Detailed filing data is available for this year.$154$81.6$72.4$239$230$9.27
2017Detailed filing. Detailed filing data is available for this year.$150$77.8$71.9$207$202$4.68
2016Detailed filing. Detailed filing data is available for this year.$143$77.8$65.6$187$186$1.35
2015Detailed filing. Detailed filing data is available for this year.$143$79.2$63.9$175$177$1.64
2014Detailed filing. Detailed filing data is available for this year.$152$84.4$68.0$179$171$8.85
2013Detailed filing. Detailed filing data is available for this year.$150$89.1$61.0$168$168$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$153$94.3$59.1$168
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$92.2$55.5$156
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$142$86.2$55.7$149
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$312,721,248
Mission and Program Overview

Mission

Baxter regional medical center's mission is to provide excellent care for every patient, every time. See schedule o for full mission statement.

Baxter health's mission is to provide compassionate care beyond measure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$0$67,749,202▲ $67,749,202
Land, Buildings, and Equipment, Net$61,769,592$62,120,148▲ $350,556
Accounts Receivable$24,957,355$26,088,674▲ $1,131,319
Inventories for Sale or Use$11,838,990$12,898,054▲ $1,059,064
Savings and Temporary Cash Investments$6,797,191$5,960,352▼ $836,839
Prepaid Expenses and Deferred Charges$2,953,405$2,479,482▼ $473,923
Other Notes and Loans Receivable, Net$0$1,870,086▲ $1,870,086
Cash and Non-Interest-Bearing Accounts$719,931$1,538,106▲ $818,175
Investments Program Related$0$555,535▲ $555,535
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$186,239,843$192,039,422▲ $5,799,579
Other Assets Total$77,203,379$10,779,783▼ $66,423,596
Liabilities
Accounts Payable and Accrued Expenses$30,952,116$29,606,112▼ $1,346,004
Tax Exempt Bond Liabilities$26,285,980$21,637,992▼ $4,647,988
Mortgage Notes Payable Secured by Investment Property$19,884,925$15,475,912▼ $4,409,013
Other Liabilities$0$9,132,940▲ $9,132,940
Deferred Revenue$311,202$206,843▼ $104,359
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$77,434,223$76,059,799▼ $1,374,424
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,805,620$115,979,623▲ $7,174,003
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$108,805,620$115,979,623▲ $7,174,003
Total Liabilities and Net Assets / Fund Balance$186,239,843$192,039,422▲ $5,799,579

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,571,443$127,366,681$154,938,124
Buildings$24,482,427$64,759,878$89,242,305
Other Land Buildings$4,813,497$2,374,717$7,188,214
Land$5,252,781-$5,252,781
Leasehold Improvements$0$0$0
Other Assets Org$1,728,573--
Other Securities$67,749,202--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$11,635,118$139,800▲ $1,791,412$0$13,256,035
2023$10,948,683$143,147▲ $1,084,215$0$11,635,118
2022$11,097,090$292,105▲ $198,478$0$10,948,683
2021$10,205,024$20,000▲ $1,194,352$0$11,097,090
2020$9,955,642$78,354▲ $463,382$0$10,205,024
Compensation and Service Providers

Highest Paid Contractors

ContractorServicesLocationCompensation
First In ServiceHospitalist860 HWY 62E STE 10, Mountain Home, AR 72653$3,300,615
Baxter Emergency Group PllcEr Physicians425 COPPER CREEK CIRCLE, Mountain Home, AR 72653$2,668,220
MedliantStaffing718 THOMPSON LANE STE 108-283, Nashville, TN 37204$2,401,832
Trilogy Care Connect LLCHealthcare Mgt118 HOMESTEAD DR STE A, Madison, MS 39110$2,059,420
Interventional Pain Management Assoc PllcPain Management Services17 MEDICAL PLAZA, Mountain Home, AR 72653$1,645,052
Revenue and Support

Revenue Composition

Contributions and Grants
$4,790,287
Program Service Revenue
$300,004,339
Investment Income
$3,078,127
Other Revenue
$880,587
All Other Contributions
$0
Change in Net Assets
$9,978,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$307,005,475
Revenue Not Reported on Financial Statements
$1,747,865
Revenue Not Reported on Form 990
$5,242,895
Other Revenue Adjustments
$1,747,865
Total Revenue per Audited Statements
$312,248,370
Total Revenue per Form 990
$308,753,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$156,003,968
Other Expenses$142,212,003
Grants and Similar Amounts Paid$558,845
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,403,794$9,744,661-$127,148,455
Fees for Services Other$28,425,157$2,359,323$0$30,784,480
Other Employee Benefits$12,923,442$1,072,662-$13,996,104
Depreciation Depletion$9,543,332$792,108-$10,335,440
Payroll Taxes$8,747,380$726,043-$9,473,423
Occupancy$7,710,718$639,999-$8,350,717
Pension Plan Contributions$3,029,965$251,491-$3,281,456
All Other Expenses$2,341,874$194,378$0$2,536,252
Insurance$2,124,376$176,326-$2,300,702
Office Expenses$2,043,120$169,582-$2,212,702
Current Officers, Directors, Trustees, and Key Employees-$2,104,530-$2,104,530
Other Expenses$1,850,924$153,629-$2,004,553
Interest$1,126,757$93,522-$1,220,279
Travel$905,711$75,175-$980,886
Grants to Domestic Orgs$558,845--$558,845
Information Technology$354,027$29,385-$383,412
Advertising$350,274$29,073-$379,347
Fees for Services Legal$230,160$19,104-$249,264
Fees for Services Accounting$209,008$17,348-$226,356
Total Functional Expenses$279,291,032$19,483,784$0$298,774,816

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$298,774,816
Total Expenses per Audited Statements$297,070,946
Expenses per Audited Statements$297,023,273
Expenses Not Reported on Financial Statements$1,751,543
Other Expense Adjustments$1,751,543
Expenses Not Reported on Form 990$47,673
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hospital Development FoundationMountain Home, AR501( C)(3)General Support$456,152
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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
Federal Income Taxes$5,284,722
Lease Liability$3,848,218
Due to third party payor-

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABaxter County Arkansas2016-07-07$55,165,459Hospital revenue refunding funds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$55,664,999$49,421,684$28,585,000$712,103

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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 15 A&B

Compensation recommendations were made by gallagher in a report issued in 2023 and updated in 2024. In addition, the board compensation committee and human resources department review area 990's, aha, and other market data as needed. The ceo and officer's compensation are reviewed and approved by the board committee.

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

A special board meeting is held for board review prior to filing of the form 990.

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

The governing body has a conflict of interest/compensation committee. All board members and key employees review and sign a conflict of interest/disclosure statement biannually. All physicians review and sign a conflict of interest/disclosure statement biannually. The conflict of interest/compensation committee reviews disclosed transactions.

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

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.

Form 990, Part VII, Section A Part VII Section A & Schedule J Part II

Compensation information required in form 990, part vii, section a and schedule j, part ii is provided in a table identified as compensation attachment and attached to the tax return document following schedule r. The tables within the return are populated with zero because of the electronic filing requirement, and the correct amounts are included in the attachment.

Filing and Contact Details

Filer

Filer Name
Baxter County Regional Hospital Inc
EIN
71-0561765
Phone
8705081000
Address
624 HOSPITAL DRIVE, MOUNTAIN HOME, AR 72653
Doing Business As
Baxter Health

Signing Officer

Name
Debra Henry
Title
CFO
Phone
8705081000
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1963
Legal Domicile
Ar
Voting Board Members
10
Independent Board Members
9
Employees
2,669
Volunteers
416

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 III, Line 4

GENERAL STATISTICS 2024 ACUTE CARE: ACTUAL OPERATED BEDS 186 PATIENT DAYS 38,057 AVERAGE DAILY CENSUS 104 PERCENT OF OCCUPANCY 55.90% AVERAGE LENGTH OF STAY 3.9 DISCHARGES 9,807 GERI PSYCHIATRIC: OPERATED BEDS 19 PATIENT DAYS 4,047 AVERAGE DAILY CENSUS 11.1 PERCENT OF OCCUPANCY 58.2% AVERAGE LENGTH OF STAY 10.5 DISCHARGES 387 REHABILITATION: OPERATED BEDS 23 PATIENT DAYS 7,035 AVERAGE DAILY CENSUS 19.2 PERCENT OF OCCUPANCY 83.60% AVERAGE LENGTH OF STAY 14.30 DISCHARGES 491 NEWBORN: OPERATED BASSINETS 10 PATIENT DAYS 1,301 AVERAGE DAILY CENSUS 3.6 PERCENT OF OCCUPANCY 35.50% AVERAGE LENGTH OF STAY 2.0 DISCHARGES 656 MEDICARE with REPLACEMENTS - ACUTE CARE: DISCHARGES 5,889 % OF TOTAL DISCHARGES 60.00% PATIENT DAYS 24,897 % OF TOTAL PATIENT DAYS 65.40% AVERAGE LENGTH OF STAY 4.20 MEDICAID - ACUTE CARE: DISCHARGES 974 % OF TOTAL DISCHARGES 9.90% PATIENT DAYS 3,813 % OF TOTAL PATIENT DAYS 10.00% AVERAGE LENGTH OF STAY 3.9 OUTPATIENTS: 153,790 EMERGENCY ROOM VISITS 34,157 HOME HEALTH EPISODES 2,643 SURGERIES 10,549 ENDOSCOPY 5,100 CATH LAB 2,905 HEART SURGERIES 166 AMBULANCE TRIPS 14,129 CLINIC VISITS: 204,914 LAB TESTS 903,999 RADIOLOGY PROCEDURES 51,026 MRI PROCEDURES 6,048 CT SCANS 30,773 NUCLEAR MEDICINE PROCEDURES 1,355 ULTRASOUND PROCEDURES 12,130 MAMMOGRAPHY 10,540

Form 990, Part IX, Line 11G Other Fees

PHYSICIAN FEES - Total Expense: 13171247, Program Service Expense: 12161802, Management and General Expenses: 1009445, Fundraising Expenses: 0; PROFESSIONAL FEES - Total Expense: 725430, Program Service Expense: 669834, Management and General Expenses: 55596, Fundraising Expenses: 0; CONTRACT SERVICES - Total Expense: 11438277, Program Service Expense: 10561647, Management and General Expenses: 876630, Fundraising Expenses: 0; MEDICAL SERVICES - Total Expense: 5449526, Program Service Expense: 5031874, Management and General Expenses: 417652, Fundraising Expenses: 0;

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

TRANSFER TO AFFILIATE - -7999743; Total - -7999743;

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 tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds were established to provide financial support to the organization and the furtherance of its mission.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Gain on sale of asset - 47673

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

Auxiliary revenue - 1747865

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Gain on sale of assets - 47673

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

Auxiliary expenses - 1751543

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IRS990/Form990PartVIISectionAGrp/PersonNm3Steve Luelf
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IRS990/Form990PartVIISectionAGrp/PersonNm13Rondell Peterson - See Statement
IRS990/Form990PartVIISectionAGrp/PersonNm14Akihiro Kobayashi - See Statement
IRS990/Form990PartVIISectionAGrp/PersonNm15Allan Gocio - See Statement
IRS990/Form990PartVIISectionAGrp/PersonNm16Lucas Bradley - See Statement
IRS990/Form990PartVIISectionAGrp/PersonNm17Michael Camp - See Statement
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