LAFAYETTE GENERAL HEALTH SYSTEM INC (EIN 383646817) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

PATRICK GANDY

Phone

3372897398

Tax Period

2023-01-01 to 2023-12-31

LAFAYETTE GENERAL HEALTH SYSTEM INC is a 501(c)(3) with EIN 383646817, based in LAFAYETTE, LA. Founded in 2002, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $258,331,431 in total revenue and $252,001,944 in total expenses, with net assets of $411,084,025.

Mission

THE ORGANIZATION WAS ORGANIZED FOR THE BENEFIT AND SUPPORT OF ITS RELATED 501(C)(3) HEALTH CARE ENTITIES WHICH PROVIDE MEDICAL CARE TO RESTORE, MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITY IN WHICH IT SERVES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $72,753,454

Investment Income $9,234,642

Other Revenue $176,343,335

TOTAL REVENUE $258,331,431

Expense Breakdown

Grants Paid $88,072

Salaries & Benefits $58,762,729

Fundraising Expenses $0

Program Expenses $213,269,852

Other Expenses $193,151,143

TOTAL EXPENSES $252,001,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,331,431	$218,297,858	+0.2%
Expenses	$252,001,944	$209,615,515	+0.2%
Net Income	$6,329,487	$8,682,343	-0.3%

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

$1,666,048

Total Directors

$18,421,621

Key Employees

$1,456,321

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BROUSSARD MD	TRUSTEE (END 2/2023)	1.00	Director	$0	$0	$40,198
CASEY HOYT	TRUSTEE	1.00	Director	$0	$0	$198
CHRIS RADER	TRUSTEE (BEG 2/2023)	1.00	Director	$0	$0	$0
CLAY ALLEN	EMERITUS TRUSTEE NON-VOTING	1.00	Director	$0	$0	$0
DAVID WILSON	TRUSTEE	1.00	Director	$0	$0	$56,192
EDWARD YERGER	TRUSTEE (BEG 2/2023)	1.00	Director	$0	$1,557,826	$4,048,258
FRANK WALKER	TREASURER	1.00	Officer Director	$0	$0	$508
JARED S QUOYESER	TRUSTEE & CHAIRMAN	1.00	Officer Director	$0	$0	$55,410
JENNIFER JACKSON EDD	TRUSTEE	1.00	Director	$0	$0	$0
JERRY VASCOCU	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P SCHUTTE MD	TRUSTEE & VICE CHAIR	1.00	Officer Director	$0	$29,981	$508,511
JULIE BROUSSARD MD	CHIEF OF STAFF, TRUSTEE (BEG 1/2023)	1.00	Director	$0	$24,362	$798,071
JUSTIN BACK	TRUSTEE (BEG 2/2023)	1.00	Director	$0	$0	$0
MARY ELLEN HENRY	TRUSTEE & SECRETARY	1.00	Officer Director	$0	$0	$218
MICHAEL HULEFELD	TRUSTEE	1.00	Director	$0	$483,357	$3,788,709
MOLLY B THOMAS MD	TRUSTEE	1.00	Director	$0	$34,783	$805,393
PEGGY GIGLIO	TRUSTEE	1.00	Director	$0	$0	$515
PETE NOVEMBER	TRUSTEE	1.00	Director	$0	$852,128	$5,035,779
RAMESH KOLLURU	TRUSTEE	1.00	Director	$0	$0	$489
RESHMA BHANUSHALI MD	TRUSTEE (BEG 2/2023)	1.00	Director	$0	$6,973	$367,059
RICKY MINIEX	TRUSTEE	1.00	Director	$0	$0	$830
ROBERT HART MD	TRUSTEE	1.00	Director	$0	$213,244	$2,915,085
WAYNE CESTIA MD	TRUSTEE	1.00	Director	$0	$0	$198
WILLIAM H FENSTERMAKER	EMERITUS TRUSTEE NON-VOTING	1.00	Director	$0	$0	$0
PATRICK W GANDY	EVP,CEO LGHS, PRESIDENT	0.00	Officer	$0	$101,516	$1,101,401
AMANDA C LOGUE MD	SVP/REGIONAL MEDICAL DIRECTOR	0.00	Key Emp	$0	$56,917	$725,614
ROGER MATTKE	SVP/CHIEF FINANICAL OFFICER - LGHS	0.00	Key Emp	$0	$72,502	$730,707
DAVID L CALLECOD	FORMER BOARD MEMBER	0.00		$0	$0	$931,604
ZIAD ASHKAR	FORMER KEY EMPLOYEE	0.00		$0	$22,921	$797,272
ADAM KENNEDY MD	FORMER HIGHEST COMPENSATED	0.00		$0	$23,312	$961,982
BRIAN E ETIER JR	FORMER HIGHEST COMPENSATED	0.00		$0	$32,465	$1,215,891
MOHAMAD A ALLAM	FORMER HIGHEST COMPENSATED	0.00		$0	$176,081	$1,474,581
PAUL BUZHARDT	FORMER HIGHEST COMPENSATED	0.00		$0	$31,931	$1,082,988
VICTOR E TEDESCO	FORMER HIGHEST COMPENSATED	0.00		$0	$2,124,166	$5,829,554

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	$258,331,431	$252,001,944	$1,189,645,345	$6,329,487
2022	$218,297,858	$209,615,515	$1,225,894,578	$8,682,343
2022	$218,297,858	$209,615,515	$1,225,894,578	$8,682,343
2021	$183,181,026	$171,265,362	$1,273,941,162	$11,915,664
2020	$38,873,681	$35,913,492	$1,225,055,095	$2,960,189
2019	$135,291,649	$115,968,104	$1,069,391,818	$19,323,545
2018	$112,312,244	$94,235,177	$955,474,734	$18,077,067

LAFAYETTE GENERAL HEALTH SYSTEM INC