LAIRD HOSPITAL INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

D LARKIN KENNEDY

Phone

6017039992

Tax Period

2023-01-01 to 2023-12-31

LAIRD HOSPITAL INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $32.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

HOSPITAL AND CLINIC PATIENT SERVICE

Program Service Accomplishments

Program 1

Expenses: $26,361,567 Revenue: $30,879,582

LAIRD HOSPITAL IS A 25-BED CRITICAL ACCESS HOSPITAL LOCATED IN UNION, MISSISSIPPI, THAT PROVIDES A WIDE RANGE OF INPATIENT, OUTPATIENT AND EMERGENCY SERVICES. PATIENTS CAN BE ADMITTED TO THE HOSPITAL IF THEIR MEDICAL NEEDS MAKE THAT THE BEST OPTION. A VARIETY OF OTHER SERVICES ARE AVAILABLE ON AN INPATIENT AND OUTPATIENT BASIS THROUGH THE HOSPITAL'S IMAGING, LABORATORY AND REHABILITATIVE SERVICES, INCLUDING PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY.PATIENTS ARE CARED FOR UNDER THE DIRECTION OF THEIR PHYSICIAN BY A LICENSED HEALTH CARE TEAM INCLUDING REGISTERED NURSES, PHYSICAL THERAPISTS, SOCIAL WORKERS, DIETITIANS, PHARMACISTS AND OTHER ANCILLARY STAFF, DEPENDING ON THE PATIENT'S MEDICAL NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,934,987

Investment Income $0

Other Revenue $168,059

TOTAL REVENUE $32,103,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,915,851

Fundraising Expenses $0

Program Expenses $26,361,567

Other Expenses $17,366,226

TOTAL EXPENSES $35,282,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,103,046	$35,506,617	-0.1%
Expenses	$35,282,077	$34,307,299	+0.0%
Net Income	$-3,179,031	$1,199,318	-3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,396,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PJ HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL SUTPHIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JON MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY W DRISKELL	BOARD MEMBER	1.00	Director	$0	$0	$0
D LARKIN KENNEDY	CEO - OCHSNER RUSH HEALTH	1.00	Officer	$0	$54,090	$669,893
J ALLEN TYRA	CEO - OCHSNER RUSH MEDICAL CENTER	1.00	Officer	$0	$23,546	$374,098
DAVID BUTLER	CFO - OCHSNER RUSH HEALTH	1.00	Officer	$0	$21,709	$352,031
FREDERICK DUGGAN MD	FORMER OFFICER	0.00		$0	$27,383	$840,103
PATRICK EAKES MD	FORMER HIGHEST COMP - PHYSICIAN	1.00		$0	$23,823	$376,165
LARA ROSS MD	FORMER HIGHEST COMP - PHYSICIAN	1.00		$0	$9,760	$315,910
CHRISTOPHER WEBB MD	FORMER HIGHEST COMP - PHYSICIAN	1.00		$0	$9,188	$295,675
DEBORAH HESTER MD	FORMER HIGHEST COMP - PHYSICIAN	1.00		$0	$10,039	$277,750
KRISTA L BOYETTE MD	FORMER HIGHEST COMP - PHYSICIAN	1.00		$0	$11,590	$273,936

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$32,103,046	$35,282,077	$17,025,598	$-3,179,031
2022	$35,506,617	$34,307,299	$14,571,017	$1,199,318
2021	$38,978,099	$36,043,280	$76,510,652	$2,934,819
2020	$35,402,770	$33,004,626	$59,962,410	$2,398,144
2019	$29,741,561	$33,010,784	$45,799,434	$-3,269,223
2018	$30,987,648	$30,891,957	$37,441,548	$95,691