LAFAYETTE GENERAL FOUNDATION INC

EIN: 371766778 501(c)(3) Health Care

LAFAYETTE, LA

Total Revenue
$1,648,940
Total Expenses
$1,518,128
Total Assets
$17,587,900
Net Assets
$11,383,069
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
LA
Principal Officer
NANCY BROADHURST
Phone
3372898954
Tax Period
2023-01-01 to 2023-12-31

LAFAYETTE GENERAL FOUNDATION INC, founded in 2014, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 8% surplus.

Mission

THE LAFAYETTE GENERAL FOUNDATION WAS CREATED TO SUPPORT LAFAYETTE GENERAL HEALTH (LGH), ACADIANA'S ONLY COMMUNITY-OWNED, NONPROFIT HEALTH SYSTEM. WE EXIST TO HELP FULFILL LGH'S MISSION, TO RESTORE, MAINTAIN AND IMPROVE HEALTH. OUR ROLE IS TO FIND AND CONNECT THE PIECES, PEOPLE AND PROCESSES WITH OUR RESOURCES, OUR SUPPORTERS AND OUR HEADS AND HEARTS. WITH THE GENEROSITY OF OUR SUPPORTERS AND DONORS, AND BY EAGERLY LISTENING TO OUR STAFF, PATIENTS AND OUR COMMUNITY, WE HELP PROVIDE INNOVATIONS THAT TRANSFORM HOW CARE IS DELIVERED. WE FUNDRAISE, BOOST PROJECTS AND AIM TO IMPROVE OUTCOMES, SATISFACTION AND CREATE A HEALTHIER FUTURE FOR ALL.

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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 $1,190,880
Program Service Revenue $118,921
Investment Income $372,145
Other Revenue $-33,006
TOTAL REVENUE $1,648,940

Expense Breakdown

Grants Paid $659,584
Salaries & Benefits $378,117
Fundraising Expenses $284,415
Program Expenses $958,583
Other Expenses $480,427
TOTAL EXPENSES $1,518,128

Year-over-Year Comparison

2023 2022 Change
Revenue $1,648,940 $993,714 +0.7%
Expenses $1,518,128 $1,041,784 +0.5%
Net Income $130,812 $-48,070 -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

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Governance

Voting Members
10
Independent Members
7
Employees
N/A
Volunteers
10

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
4
$961,506
Total Directors
15
$3,287,883
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOYD ANDERSON CHAIRMAN/PRESIDENT (END 06/2023) 1.00
Officer Director
$0 $0 $0
CASEY HOYT TRUSTEE 1.00
Director
$0 $0 $198
JARED S QUOYESER TRUSTEE (END 01/2023) 1.00
Director
$0 $0 $55,410
JASON A BREAUX MD TRUSTEE 1.00
Director
$0 $103,630 $988,702
JERRY VASCOCU TRUSTEE/TREASURER 1.00
Director
$0 $0 $0
JOHN P SCHUTTE MD TRUSTEE/CHAIRMAN ( BEG 06/2023) 1.00
Officer Director
$0 $29,981 $508,511
MERILYN CRAIN TRUSTEE 1.00
Director
$0 $0 $0
NANCY D BROADHURST EXECUTIVE DIRECTOR (NON VOTING) 1.00
Director
$0 $13,733 $180,151
PATRICK W GANDY EX OFFICIO (NON VOTING) 1.00
Director
$0 $101,516 $1,101,401
RANDY HAYNIE TRUSTEE/SECRETARY (END 06/2023) 1.00
Officer Director
$0 $0 $0
SHAUNDRA GRISBY MD TRUSTEE/SECRETARY (BEGIN 6/2023) 1.00
Officer Director
$0 $14,724 $452,995
PEGGY GIGLIO TRUSTEE (BEGIN 10/2023) 1.00
Director
$0 $0 $515
RICHARD MOODY TRUSTEE (BEGIN 10/2023) 1.00
Director
$0 $0 $0
TYRON PICARD TRUSTEE (BEGIN 10/2023) 1.00
Director
$0 $0 $0
JOE SPELL TRUSTEE (BEGIN 10/2023) 1.00
Director
$0 $0 $0
DAVID L CALLECOD FORMER OFFICER 0.00
$0 $0 $931,604
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 $1,648,940 $1,518,128 $17,587,900 $130,812
2022 $993,714 $1,041,784 $16,378,629 $-48,070
2021 $4,645,711 $1,112,112 $15,401,276 $3,533,599
2020 $198,563 $355,225 $7,698,299 $-156,662
2019 $1,685,054 $1,284,467 $8,195,116 $400,587
2018 $1,702,444 $1,209,801 $7,105,127 $492,643
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