ST BERNARD HOSPITAL FOUNDATION INC

EIN: 274511973 501(c)(3) Health Care

CHALMETTE, LA

Total Revenue
$35,201,257
Total Expenses
$43,281,762
Total Assets
$38,318,110
Net Assets
$-58,554,416
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
LA
Principal Officer
RAYMOND DUCOTE
Phone
5048269500
Tax Period
2024-01-01 to 2024-12-31

ST BERNARD HOSPITAL FOUNDATION INC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $35.2M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $43.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

ST. BERNARD HOSPITAL FOUNDATION, INC. WAS FOUNDED FOR THE PURPOSE OF ASSISTING AND PROMOTING THE ST. BERNARD HOSPITAL SERVICE DISTRICT WITH THE DEVELOPMENT OF THE HOSPITAL FACILITY AND RAISING OF CAPITAL FOR THE OPERATION OF HEALTH CARE RELATED SERVICES TO BENEFIT THE HEALTH AND WELLNESS OF THE RESIDENTS OF THE DISTRICT, PARTICULARLY THE INDIGENT RESIDENTS OF THE DISTRICT.

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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 $34,939,125
Program Service Revenue $165,802
Investment Income $5,410
Other Revenue $90,920
TOTAL REVENUE $35,201,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,905,144
Fundraising Expenses $0
Program Expenses $43,225,393
Other Expenses $32,376,618
TOTAL EXPENSES $43,281,762

Year-over-Year Comparison

2024 2023 Change
Revenue $35,201,257 $47,613,428 -0.3%
Expenses $43,281,762 $46,295,900 -0.1%
Net Income $-8,080,505 $1,317,528 -7.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
128
Volunteers
3

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY LAUGA JR DIRECTOR 1.00
Director
$0 $0 $0
MARK KEISER DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND DUCOTE JR CHAIRMAN 10.00
Director
$0 $0 $0
KATIE DYSART BOARD ATTORNEY 1.00
Director
$0 $0 $0
BRIAN REANEY VICE CHAIRMAN 1.00
Director
$0 $0 $0
ELIZABETH WHITAKER REGISTERED NURSE 40.00
Highest
$165,778 $13,474 $179,252
MICHAEL ASEVADO REGISTERED NURSE 40.00
Highest
$116,120 $18,795 $134,915
JAMIE BUNKOWFST REGISTERED NURSE 40.00
Highest
$167,257 $12,475 $179,732
DUNG H NGUYEN REGISTERED NURSE 40.00
Highest
$122,683 $8,028 $130,711
DEMETRIX TOLLIVER REGISTERED NURSE 40.00
Highest
$132,144 $8,141 $140,285
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 $35,201,257 $43,281,762 $38,318,110 $-8,080,505
2023 $47,613,428 $46,295,900 $38,502,881 $1,317,528
2022 $68,481,989 $72,247,244 $40,177,954 $-3,765,255
2021 $57,135,731 $69,933,189 $40,141,815 $-12,797,458
2020 $33,727,012 $50,110,256 $37,881,432 $-16,383,244
2019 $59,510,226 $20,529,158 $39,332,947 $38,981,068
2018 $52,906,504 $53,856,718 $41,082,532 $-950,214
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