Magnolia Regional Health System Inc

“The board reviews the ceo's performance and compensation annually. Each board member completes an evaluation for discussion. Survey data is also provided by the director of human resources. The board discusses the performance of the ceo based on the evaluations and approves an adjustment to pay effective on the ceo's anniversary date. During fiscal year 2023, there was a change in the ceo position. The board and human resources were involved in the review and approval of the new ceo's compensation. Annual perforamnce evaluations are completed for mrmc employees by the employee's direct supervisor. This includes the chief financial officer and the chief nursing officer who were evaluated by the ceo during the fiscal year 2023. Compensation was adjusted based on performance and review of survey data provided by the human resources director for each position.”

“The city council of the city of magnolia, arkansas approves any nomination for a director position, whether for a mid-term vacancy or to fill a position occupied by a director whose term is expiring.”

“The following individuals cannot be reached at the orgnization's address: angie glass: 202 s pine magnolia, ar 71753 todd emmert: 201 sumac magnolia, ar 71753 jonathan baird: 2508 fox run magnolia, ar 71753 wally wood: 519 n washington magnolia, ar 71753”

“The form 990 will be provided to the board and ceo for review prior to filing. After any questions or concerns presented are addressed or corrected, the ceo will sign and release the form 990 for filing.”

“Each year, board members are provided with and sign a conflict of interest statement to disclose any actual or possible conflicts of interest. It also affirms that they have received a copy of the confilcts of interest policy, have read and understand the policy, have agreed to comply with the policy, and understand that the hospital is a charitable 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. In order to effectively demonstrate independence, the conflict of interest statements will be disclosed to all members of the board so each can hold each other accountable to recuse from vote if necessary.”

“The organization's governing documents, policies, finanical statements, and form 990 are available to the general public upon request.”

“All other program revenue - Total Revenue: 22476, Related or Exempt Function Revenue: 22476, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“The organization's financial statements are being audited by an independent accountant; however, the fy2024 audited financials were not yet issued as of the return filing date. As a result, the prior year audit report has been attached to the return.”

“The organization's financial statements are being audited by an independent accountant; however, the fy2024 audited financials were not yet issued as of the return filing date. As a result, the prior year audit report has been attached to the return.”

“PURCHASED SERVICES - Total Expense: 2420875, Program Service Expense: 1952113, Management and General Expenses: 468762, Fundraising Expenses: 0; CONTRACT LABOR - Total Expense: 1929880, Program Service Expense: 1556192, Management and General Expenses: 373688, Fundraising Expenses: 0;”