Civic Intelligence

Lawrence Memorial Health Foundation Inc

EIN 73-1547175 • 501(c)3 • Walnut Ridge, AR

Profile

We believe a facility should do more than provide health care services; after all, our job is all about building a healthy community. For over 60 years, lawrence memorial health foundation, inc. Has been committed to delivering employment, public health education and quality health care services to the residents of lawrence county and surrounding counties. Lawrence memorial health foundation, inc. Has a vision of committing the resources to meet the needs and expectations of our patients, our staff, and the communities we service. We strive to be a leader in efficiently and continuously improving the economics, accessibility and quality of health care in lawrence county. As a health care provider, we are committed to thoroughly assessing the needs of the communities that we serve. Every year, we serve those needs through the delivery of volunteering, charity care and other benefits, such as educational events and free health screenings.

PO Box 839Walnut Ridge, AR 72476-0839

www.lawrencememorial.info

Siviq Scores

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

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

33rd percentile

0.10x

Higher debt load relative to revenue than 33% of similar nonprofits.

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

Net Margin

29th percentile

-2.2%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

91st percentile

$506,808

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

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

Asset Growth

17th percentile

-5.6%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-8.7%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$19,221,489

Down $1,141,340 (-5.6%) from 2023

Liabilities

Down

$2,049,472

Down $717,833 (-26%) from 2023

Net Assets

Down

$17,172,017

Down $423,507 (-2.4%) from 2023

Revenue

Down

$19,619,507

Down $1,868,289 (-8.7%) from 2023

Expenses

Up

$20,051,014

Up $954,814 (+5.0%) from 2023

Net Income

Down

-$431,507

Down $2,823,103 (-118%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $409,755Liabilities 2010: $189,444Net Assets 2010: $220,3112010Assets 2011: $328,817Liabilities 2011: $149,024Net Assets 2011: $179,7932011Assets 2012: $328,266Liabilities 2012: $81,373Net Assets 2012: $246,8932012Assets 2013: $341,213Liabilities 2013: $88,206Net Assets 2013: $253,0072013Assets 2014: $367,884Liabilities 2014: $151,127Net Assets 2014: $216,7572014Assets 2015: $322,446Liabilities 2015: $76,569Net Assets 2015: $245,8772015Assets 2016: $332,962Liabilities 2016: $77,752Net Assets 2016: $255,2102016Assets 2017: $341,640Liabilities 2017: $71,836Net Assets 2017: $269,8042017Assets 2018: $371,870Liabilities 2018: $130,235Net Assets 2018: $241,6352018Assets 2019: $12,381,909Liabilities 2019: $3,175,423Net Assets 2019: $9,206,4862019Assets 2020: $19,729,060Liabilities 2020: $10,194,554Net Assets 2020: $9,534,5062020Assets 2021: $19,692,878Liabilities 2021: $4,466,738Net Assets 2021: $15,226,1402021Assets 2022: $18,602,579Liabilities 2022: $3,398,651Net Assets 2022: $15,203,9282022Assets 2023: $20,362,829Liabilities 2023: $2,767,305Net Assets 2023: $17,595,5242023Assets 2024: $19,221,489Liabilities 2024: $2,049,472Net Assets 2024: $17,172,0172024

Highlighted filing

2024

Assets$19,221,489
Liabilities$2,049,472
Net Assets$17,172,017

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2010: $120,055Expenses 2010: $43,535Net Income 2010: $76,5202010Revenue 2011: $152,029Expenses 2011: $192,547Net Income 2011: -$40,5182011Revenue 2012: $89,872Expenses 2012: $22,772Net Income 2012: $67,1002012Revenue 2013: $43,079Expenses 2013: $36,965Net Income 2013: $6,1142013Revenue 2014: $39,352Expenses 2014: $75,602Net Income 2014: -$36,2502014Revenue 2015: $40,764Expenses 2015: $11,644Net Income 2015: $29,1202015Revenue 2016: $32,199Expenses 2016: $22,866Net Income 2016: $9,3332016Revenue 2017: $33,749Expenses 2017: $19,155Net Income 2017: $14,5942017Revenue 2018: $33,962Expenses 2018: $62,131Net Income 2018: -$28,1692018Revenue 2019: $8,185,782Expenses 2019: $8,194,592Net Income 2019: -$8,8102019Revenue 2020: $17,200,827Expenses 2020: $16,872,807Net Income 2020: $328,0202020Revenue 2021: $22,078,590Expenses 2021: $16,386,956Net Income 2021: $5,691,6342021Revenue 2022: $17,486,217Expenses 2022: $17,508,429Net Income 2022: -$22,2122022Revenue 2023: $21,487,796Expenses 2023: $19,096,200Net Income 2023: $2,391,5962023Revenue 2024: $19,619,507Expenses 2024: $20,051,014Net Income 2024: -$431,5072024

Highlighted filing

2024

Revenue$19,619,507
Expenses$20,051,014
Net Income-$431,507

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.2$2.05$17.2$19.6$20.1$0.43
2023Detailed filing. Detailed filing data is available for this year.$20.4$2.77$17.6$21.5$19.1$2.39
2022Detailed filing. Detailed filing data is available for this year.$18.6$3.40$15.2$17.5$17.5$0.02
2021Detailed filing. Detailed filing data is available for this year.$19.7$4.47$15.2$22.1$16.4$5.69
2020Detailed filing. Detailed filing data is available for this year.$19.7$10.2$9.53$17.2$16.9$0.33
2019Detailed filing. Detailed filing data is available for this year.$12.4$3.18$9.21$8.19$8.19$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.13$0.24$0.03$0.06$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.07$0.27$0.03$0.02$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.08$0.26$0.03$0.02$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.08$0.25$0.04$0.01$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.15$0.22$0.04$0.08$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.09$0.25$0.04$0.04$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.08$0.25$0.09$0.02$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.15$0.18$0.15$0.19$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.19$0.22$0.12$0.04$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$19,642,346
Mission and Program Overview

Mission

To foster, support, and encourage the activities and purposes of lawrence memorial hospital and lawrence hall nursing center.

Lawrence memorial health foundation inc's mission is to provide compassionate, quality healthcare to the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,611,096$10,718,397▼ $892,699
Cash and Non-Interest-Bearing Accounts$4,891,191$2,144,460▼ $2,746,731
Accounts Receivable$1,013,369$1,557,921▲ $544,552
Prepaid Expenses and Deferred Charges$276,492$286,677▲ $10,185
Savings and Temporary Cash Investments$152,156$216,085▲ $63,929
Inventories for Sale or Use$237,392$196,235▼ $41,157
Intangible Assets$116,444$0▼ $116,444
Other Notes and Loans Receivable, Net$0$0→ $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--
Investments Program Related$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
Loans From Officers Directors$0$0→ $0
Total Assets$20,362,829$19,221,489▼ $1,141,340
Other Assets Total$2,064,689$4,101,714▲ $2,037,025
Liabilities
Accounts Payable and Accrued Expenses$2,134,870$1,427,395▼ $707,475
Other Liabilities$22,611$488,310▲ $465,699
Mortgage Notes Payable Secured by Investment Property$583,420$107,363▼ $476,057
Deferred Revenue$26,404$26,404→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,767,305$2,049,472▼ $717,833
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,566,692$17,143,185▼ $423,507
Net Assets With Donor Restrictions$28,832$28,832→ $0
Total Net Assets Fund Balance$17,595,524$17,172,017▼ $423,507
Total Liabilities and Net Assets / Fund Balance$20,362,829$19,221,489▼ $1,141,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,505,253$2,288,682$11,793,935
Equipment$877,434$2,149,695$3,027,129
Other Land Buildings$96,907$375,975$472,882
Land$207,716-$207,716
Leasehold Improvements$31,087$15,244$46,331
Other Assets Org$239,483--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin Diamond MdPhysicianFT$459,784$47,024$506,808
Leisa Spence MdPhysicianFT$342,899$32,692$375,591
Elizabeth Fike MdPhysicianFT$230,335$38,201$268,536
Shannon Cooper MdPhysicianFT$227,989$37,983$265,972
Paul Vellozo MdPhysicianFT$203,941$42,990$246,931

Board Members and Trustees

NameTitle
John ThomisonChairman
Aaron HiltonPresident
Lila FloydVice Chairman
Aaron AndrewsBoard Member
Blake PerkinsBoard Member
Jeff YatesBoard Member
Jeremy HopperBoard Member
Jordan Andrews DdsBoard Member
Kerry DaltonBoard Member
Rhonda ForresterBoard Member
Seb Spades MdBoard Member
William WilcoxsonBoard Member
Wilma JonesBoard Member
Gregg McelhanonCFO
Bonita StaudtSecretary
Clay SloanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
St Bernards Medical CenterIp & Op TherapyPO BOX 4060, Jonesboro, AR 72403$360,783
Epperspn Emergency Staffing PaPhysician Services36 CR 7187, Jonesboro, AR 72401$349,140
Qualvis LLCContract Nursing12808 GLENFIELD DRIVE, Leawood, KS 66209$283,128
Dr Robert AllemanPhysician Services1000 W KINGSHIGHWAY, Paragould, AR 72450$271,560
St Bernards HealthcareContract LaborPO BOX 4060, Jonesboro, AR 72403$217,117
Revenue and Support

Revenue Composition

Contributions and Grants
$2,700,610
Program Service Revenue
$16,830,230
Investment Income
$78,210
Other Revenue
$10,457
All Other Contributions
$87,011
Change in Net Assets
$-431,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,627,507
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$22,839
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$19,650,346
Total Revenue per Form 990
$19,627,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,804,337
Other Expenses$9,246,677
Total Fundraising Expense$33,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,511,927$2,347,383$0$8,859,310
Fees for Services Other$2,414,975$870,537$33,425$3,318,937
Depreciation Depletion$1,115,082$401,959$0$1,517,041
Other Employee Benefits$925,051$333,457$0$1,258,508
Payroll Taxes$452,312$163,047$0$615,359
Occupancy$239,300$86,261$0$325,561
Information Technology$228,281$82,289$0$310,570
Insurance$215,478$77,674$0$293,152
Office Expenses$206,811$74,550$0$281,361
All Other Expenses$148,455$53,516$0$201,971
Fees for Services Accounting$116,337$41,936$0$158,273
Other Expenses$116,103$41,852$0$157,955
Advertising$77,205$27,831$0$105,036
Pension Plan Contributions$52,305$18,855$0$71,160
Travel$34,703$12,509$0$47,212
Fees for Services Legal$25,975$9,363$0$35,338
Interest$21,410$7,718$0$29,128
Total Functional Expenses$14,713,682$5,303,907$33,425$20,051,014

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$20,073,853
Expenses per Audited Statements$20,051,014
Total Expenses per Form 990$20,051,014
Expenses Not Reported on Form 990$22,839
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$22,839
Fundraising Gross Income$19,672
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2024 Gala$74,407$19,672$3,167$16,505
Event 2-$0-$0
Total Events$74,407$19,672$22,839$-3,167
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
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
Lease Liability$256,625
Due to Affliates$231,685
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
Yes

Governance Explanations

Form 990, Part VI, Line 15 A&B

St bernards healthcare, inc. Manages lawrence memorial health foundation and as such has a committee to review lmhf's compensation annually with compensation surveys and comparability of compensation models at like-size hospitals.

Form 990, Part VI, Line 3 Delegation of management duties

The organization has an agreement with st. Bernards healthcare, inc. (sbhc) to provide consulting and administrative support services, as well as an administrator to oversee the day-to-day operations of the organization. Additionally, sbhc manages the licenses for the information systems utilized by the organization.

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

The form 990 is reviewed by the following person or groups prior to filing: board and president of lawrence memorial health foundation and cfo of lawrence memorial health foundation.

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

Each board member, principal officer, member of a committee with board delegated powers, director or manager annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy, and; (d) understands that the facility is a non-profit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Management investigates any potential conflicts and takes appropriate action depending on the nature of the conflict. Legal counsel also reviews any potential conflict of interest and advises management.

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 not made available to the public.

Form 990, Part VII, Section A

Aaron hilton and gregg mcelhannon are paid by st. Bernards healthcare, an unrelated organization, through a management fee contract, so no compensation is required to be reported for them.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

- Total Revenue: 595, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 595;

Filing and Contact Details

Filer

Filer Name
Lawrence Memorial Health Foundation Inc
EIN
73-1547175
Phone
8708861263
Address
PO BOX 839, WALNUT RIDGE, AR 72476-0839

Signing Officer

Name
Aaron Hilton
Title
President
Phone
8708861263
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Ar
Voting Board Members
13
Independent Board Members
13
Employees
241
Volunteers
20

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

PROFESSIONAL FEES - Total Expense: 1581023, Program Service Expense: 1137543, Management and General Expenses: 410055, Fundraising Expenses: 33425; PURCHASED SERVICES - Total Expense: 978282, Program Service Expense: 719074, Management and General Expenses: 259208, Fundraising Expenses: 0; CONTRACT LABOR - Total Expense: 713710, Program Service Expense: 524604, Management and General Expenses: 189106, Fundraising Expenses: 0; LAB FEES - Total Expense: 45922, Program Service Expense: 33754, Management and General Expenses: 12168, Fundraising Expenses: 0;

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance 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 XI, Line 2(D) Other revenues in audited financial statements not in form 990

Fundraising expenses - 22839

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

Fundraising expenses - 22839

Raw XML AppendixShowing 400 of 1,217 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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IRS990/Desc0PROVIDE ROUTINE HOSPITAL CARE, OUTPATIENT AND CLINICAL SERVICES TO PATIENTS IN AND AROUND LAWRENCE COUNTY. IN FY24, 1,864 INPATIENT DAYS, 14,545 OUTPATIENT ADMISSIONS, 6,142 EMERGENCY ROOM ADMISSION
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