LOUISIANA STATE MEDICAL SOCIETY EDUCATIONAL AND RESEARCH FOUNDATION

EIN: 237029259 501(c)(3) Medical Research

BATON ROUGE, LA

Total Revenue
$7,273
Total Expenses
$59,632
Total Assets
$205,793
Net Assets
$192,550
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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
1969
Legal Domicile
LA
Principal Officer
JEFF WILLIAMS
Phone
2257638500
Tax Period
2023-01-01 to 2023-12-31

LOUISIANA STATE MEDICAL SOCIETY EDUCATIONAL AND RESEARCH FOUNDATION, founded in 1969, is a micro nonprofit in the Medical Research sector that reported $7K in total revenue in fiscal year 2023. Revenue surged 222% from the prior year, signaling strong growth momentum. Expenses of $60K exceeded revenue, resulting in a 720% operating deficit.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ENGAGE IN AND CARRY OUT SCIENTIFIC RESEARCH IN THE FIELDS OF MEDICAL SCIENCE, MEDICAL ECONOMICS, PUBLIC HEALTH, SOCIOLOGY, AND RELATED AREAS FOR THE BENEFIT OF THE INTERESTED PUBLIC, MEDICAL SCHOOLS AND THE MEDICAL COMMUNITY IN THE STATE OF LOUISIANA. THE FOUNDATION ALSO SUPPORTS MEDICAL AND PARA-MEDICAL EDUCATION AND THE PROFESSIONAL SCHOOLS AND UNIVERSITIES THROUGH GRANTS AND SCHOLARSHIPS FOR THE PURPOSE OF DEVELOPING THE CAPABILITIES TO STUDY, TEACH AND PRACTICE MEDICINE IN AN EFFORT TO SERVE THE PUBLIC'S HEALTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68
Program Service Revenue $0
Investment Income $7,205
Other Revenue $0
TOTAL REVENUE $7,273

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $57,082
Other Expenses $59,632
TOTAL EXPENSES $59,632

Year-over-Year Comparison

2023 2022 Change
Revenue $7,273 $2,262 +2.2%
Expenses $59,632 $55,733 +0.1%
Net Income $-52,359 $-53,471 0.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN BAILEY MEMBER-AT-LA 1.00
Director
$0 $0 $0
GWEEN JACKSON MEMBER-AT-LA 1.00
Director
$0 $0 $0
AMBERLY NUNEZ MD SECRETARY/TR 1.00
Officer Director
$0 $0 $0
JOHN NOBLE MD ACTING CHAIR 2.00
Officer Director
$0 $0 $0
JEFF WILLIAMS MEMBER-AT-LA 1.00
Director
$0 $0 $0
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 $7,273 $59,632 $205,793 $-52,359
2022 $2,262 $55,733 $244,808 $-53,471
2021 $153,657 $59,959 $310,708 $93,698
2020 $23,819 $64,349 $211,441 $-40,530
2019 $76,591 $125,050 $252,008 $-48,459
2018 $31,389 $74,412 $271,320 $-43,023
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