LOUISIANA STATE MEDICAL SOCIETY (EIN 720386637) - Form 990 Financial Analysis & Trantor Score

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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

1878

Legal Domicile

Principal Officer

JEFFERY WILLIAMS

Phone

2257638500

Tax Period

2023-01-01 to 2023-12-31

LOUISIANA STATE MEDICAL SOCIETY, founded in 1878, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE SOCIETY'S EXEMPT PURPOSE IS TO EXTEND MEDICAL KNOWLEDGE, ADVANCE MEDICAL SCIENCE, ELEVATE THE STANDARDS OF MEDICAL EDUCATION AND TRAINING, ENFORCE JUST MEDICAL LAWS AND REGULATIONS, PROMOTE DIALOGUE AND COOPERATION AMONG PHYSICIANS AND TO INFORM THE PUBLIC ABOUT ISSUES AFFECTING THE DELIVERY OF MEDICAL CARE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $897,983

Program Service Revenue $314,753

Investment Income $23,433

Other Revenue $-389

TOTAL REVENUE $1,235,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,083,182

Fundraising Expenses $0

Other Expenses $445,660

TOTAL EXPENSES $1,528,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,235,780	$889,313	+0.4%
Expenses	$1,528,842	$1,376,606	+0.1%
Net Income	$-293,062	$-487,293	-0.4%

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

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

$185,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY WILLIAMS	EXECUTIVE VI	40.00	Officer	$185,288	$0	$185,288
MARIA BOWEN	VICE PRESIDE	40.00	Highest	$167,250	$0	$167,250
LAUREN BAILEY	VICE PRESIDE	40.00	Highest	$143,004	$0	$143,004
ALLEN VANDER MD	DIRECTOR	1.00	Director	$0	$0	$0
AMBERLY NUNEZ MD	SECRETARY-TR	3.00	Director	$0	$0	$0
ANDY BLALOCK MD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GAMBORG MD	DIRECTOR	1.00	Director	$0	$0	$0
GWEEN JACKSON MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BRUCHHAUS MD	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE WILLIAMS MD	DIRECTOR	1.00	Director	$0	$0	$0
KEN ERHARDT MD	DIRECTOR	1.00	Director	$0	$0	$0
LUIS ARENCIBIA MD	DIRECTOR	1.00	Director	$0	$0	$0
MADISON THORNTON MD	DIRECTOR	1.00	Director	$0	$0	$0
MATT GIGLIA MD	CHAIR, COL	3.00	Director	$0	$0	$0
MICHAEL ROPPOLO MD	DIRECTOR	1.00	Director	$0	$0	$0
MYRA KLEINPETER MD	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS VIVIANO MD	DIRECTOR	1.00	Director	$0	$0	$0
OMAR LEONARDS MD	DIRECTOR	1.00	Director	$0	$0	$0
R REECE NEWSOME MD	VICE SPEAKER	3.00	Officer Director	$0	$0	$0
RANDAL WHITE JR MD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PADDOCK MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
ROD CLARK MD	PRESIDENT -	3.00	Officer Director	$0	$0	$0
T STEEN TRAWICK MD	SPEAKER	3.00	Officer Director	$0	$0	$0
LANCE TEMPLETONMD	DIRECTOR	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	$1,235,780	$1,528,842	$4,231,092	$-293,062
2022	$889,313	$1,376,606	$4,083,594	$-487,293
2021	$3,864,259	$1,557,813	$4,710,384	$2,306,446
2020	$1,414,876	$1,620,652	$2,365,970	$-205,776
2019	$1,584,205	$1,726,614	$2,413,827	$-142,409
2018	$1,563,147	$1,802,033	$2,510,515	$-238,886

LOUISIANA STATE MEDICAL SOCIETY