LANE RMC FOUNDATION

EIN: 260217428 501(c)(3) Health Care

ZACHARY, LA

Total Revenue
$54,096
Total Expenses
$22,411
Total Assets
$228,672
Net Assets
$-244,614
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
LA
Principal Officer
FRANK CORCORAN
Phone
2256584303
Tax Period
2024-07-01 to 2025-06-30

LANE RMC FOUNDATION, founded in 2006, is a micro nonprofit in the Health Care sector that reported $54K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 59% operating margin.

Mission

THE MISSION OF THE LANE REGIONAL MEDICAL CENTER FOUNDATION IS TO SUPPORT THE HOSPITAL IN ITS GOAL OF PROVIDING THE VERY BEST HEALTHCARE SERVICES, TECHNOLOGIES AND PROGRAMS TO EVERY PATIENT THAT ENTERS OUR DOORS. THE LANE RMC FOUNDATION PROVIDES AN AVENUE FOR COMMUNITY INVOLVEMENT AND PHILANTHROPIC GIVING TO HELP LANE REGIONAL MEDICAL CENTER PROVIDE LIFE-SAVING SERVICES AND TECHNOLOGIES. IT IS THE FOUNDATION'S ONGOING GOAL FOR EVERY GIFT, HOWEVER LARGE OR SMALL, TO PLAY AN IMPORTANT ROLE IN SUPPORTING SPECIFIC PROJECTS IDENTIFIED BY THE FOUNDATION BOARD THAT COMPLEMENTS THE MISSION OF LANE REGIONAL MEDICAL CENTER. CORPORATE, COMMUNITY AND EMPLOYEE VOLUNTEERS WORK TOGETHER THROUGH THE FOUNDATION TO RAISE MONEY FROM INDIVIDUALS, CORPORATIONS AND OTHER FOUNDATIONS TO BUILD AND SUSTAIN A FINANCIAL LEGACY ENSURING HEALTHCARE EXCELLENCE FOR FUTURE GENERATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,026
Program Service Revenue $0
Investment Income $0
Other Revenue $38,070
TOTAL REVENUE $54,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $11,587
Program Expenses $4,851
Other Expenses $22,411
TOTAL EXPENSES $22,411

Year-over-Year Comparison

2024 2023 Change
Revenue $54,096 $72,916 -0.3%
Expenses $22,411 $13,479 +0.7%
Net Income $31,685 $59,437 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
57

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
6
$102,649
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DEVALL FORMER CFO/ TREASURER 2.00
Officer Director
$0 $0 $0
DONNA KLINE PRESIDENT 2.00
Officer Director
$0 $0 $0
JILL MCGRAW BOARD DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER BOYD SECRETARY 2.00
Officer Director
$0 $0 $0
CHARLENE SMITH BOARD DIRECTOR 2.00
Director
$0 $0 $0
LIZZIE BENZER BOARD DIRECTOR 2.00
Director
$0 $0 $0
CHLOE MCCLEARY BOARD DIRECTOR 2.00
Director
$0 $0 $0
SCOTT MASTERSON BOARD DIRECTOR 2.00
Director
$0 $0 $0
BRIAN GUIDRY VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TAMARA DAYTON BOARD DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER BOZEMAN BOARD DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE GWYN BOARD DIRECTOR 2.00
Director
$0 $0 $0
THERESA PAYMENT EXECUTIVE DIRECTOR 45.00
Officer
$0 $34,944 $102,649
ELIZABETH STAFFORD CFO 2.00
Officer
$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
2025 $54,096 $22,411 $228,672 $31,685
2024 No data No data No data No data
2023 $52,560 $110,833 $138,672 $-58,273
2022 $33,273 $135,615 $91,182 $-102,342
2021 $31,522 $98,855 $102,200 $-67,333
2020 $28,117 $89,970 $83,128 $-61,853
2019 $55,811 $192,327 $69,298 $-136,516
2018 $73,992 $109,837 $104,449 $-35,845
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