ALEXANDRIA, LA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE RAPIDES FOUNDATION, founded in 1924, is a community nonprofit in the Health Care sector that reported $7.3M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $20.1M exceeded revenue, resulting in a 175% operating deficit.
THE MISSION OF THE RAPIDES FOUNDATION (TRF) IS TO IMPROVE THE HEALTH STATUS OF CENTRAL LOUISIANA. TRF IS A MEMBER OF RAPIDES HEALTHCARE SYSTEM LLC, WHICH OWNS AND OPERATES RAPIDES REGIONAL MEDICAL CENTER, A 380-BED HOSPITAL IN ALEXANDRIA. ADDITIONALLY, TRF PROVIDES FUNDING FOR PROJECTS WHICH EFFECTIVELY ADDRESS THE FOLLOWING PHILANTHROPIC OBJECTIVES: HEALTHY PEOPLE - TO IMPROVE ACCESS TO HEALTHCARE AND PROMOTE HEALTHY BEHAVIORS. EDUCATION - TO INCREASE THE LEVEL OF EDUCATIONAL ATTAINMENT AND ACHIEVEMENT AS THE PRIMARY PATH TO IMPROVED ECONOMIC, SOCIAL AND HEALTH STATUS. HEALTHY COMMUNITIES - TO IMPROVE ECONOMIC OPPORTUNITY AND FAMILY INCOME; AND ENHANCE CIVIC AND COMMUNITY OPPORTUNITIES FOR MORE EFFECTIVE LEADERS AND ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,309,059 | $30,315,240 | -0.8% |
| Expenses | $20,101,051 | $16,452,617 | +0.2% |
| Net Income | $-12,791,992 | $13,862,623 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| COREY LAIR | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBBIE EDDLEMON | MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DWAYNE LEMOINE | MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH R ROSIER JR | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$479,856 | $40,773 | $520,629 |
| MARK BROWN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW T WHITEHEAD DDS | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS J DAVIS MD | MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VALERIE AYMOND | MEMBER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE BARTON MD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRK D COOPER | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWIN URBI MD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA W DEGRAY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN ELKINS MD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GLENN CURTIS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK THOMPSON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TONI MCALLISTER | MEMBER | 1.00 |
Officer
|
$0 | $0 | $0 |
| ASHLEY STEWART | DIR OF PROGRAMS | 40.00 |
Key Emp
|
$195,157 | $35,863 | $231,020 |
| KAYREN SEGALL | DIR OF ADMIN | 40.00 |
Key Emp
|
$196,037 | $34,125 | $230,162 |
| AKESHIA SINGLETON | DIR OF EVALUATION | 40.00 |
Highest
|
$126,738 | $26,474 | $153,212 |
| TAMMY MOREAU | DIR OF COMMUNICATIONS | 40.00 |
Highest
|
$129,998 | $41,316 | $171,314 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $7,309,059 | $20,101,051 | $352,997,972 | $-12,791,992 |
| 2022 | $30,315,240 | $16,452,617 | $326,264,915 | $13,862,623 |
| 2021 | $25,364,820 | $11,427,862 | $365,841,423 | $13,936,958 |
| 2020 | $14,988,171 | $16,770,045 | $331,600,505 | $-1,781,874 |
| 2019 | $16,724,929 | $11,388,485 | $306,834,866 | $5,336,444 |
| 2018 | $18,831,112 | $9,808,398 | $272,117,857 | $9,022,714 |
Compare THE RAPIDES FOUNDATION with other nonprofits in Louisiana and across the country.