TOURO INFIRMARY (EIN 720423659) - 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

1852

Legal Domicile

Principal Officer

JAY PENNISSON

Phone

5048978344

Tax Period

2023-01-01 to 2023-12-31

TOURO INFIRMARY is a 501(c)(3) with EIN 720423659, based in NEW ORLEANS, LA. Founded in 1852, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $343,039,322 in total revenue and $363,158,723 in total expenses, with net assets of $240,422,810.

Mission

PROVISION OF HEALTHCARE SERVICES

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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 $3,275,256

Program Service Revenue $325,024,766

Investment Income $983,881

Other Revenue $13,755,419

TOTAL REVENUE $343,039,322

Expense Breakdown

Grants Paid $3,439,261

Salaries & Benefits $126,374,656

Fundraising Expenses $0

Program Expenses $278,568,069

Other Expenses $233,344,806

TOTAL EXPENSES $363,158,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,039,322	$342,315,015	+0.0%
Expenses	$363,158,723	$350,753,484	+0.0%
Net Income	$-20,119,401	$-8,438,469	+1.4%

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

1937

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

$2,703,644

Total Directors

$3,576,512

Key Employees

$2,573,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG FEIRN	SYSTEM PRESIDENT/CEO	1.00	Director	$0	$31,055	$2,270,395
WILLIAM VON ALMEN MD	MEDICAL STAFF DIRECTOR	1.00	Director	$0	$22,733	$309,709
KNIGHT WORLEY MD	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JILL ISRAEL	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KIM BOYLE	CHAIR	1.00	Officer Director	$0	$0	$0
MARA FORCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN YELLIN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCY NATHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY LICHTENBERG	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
CRYSTAL MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE SILBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIAN GOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEA SOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
MANNY LINARES	PRESIDENT AND CEO	48.00	Officer Director	$144,848	$31,901	$996,408
AUSTIN MARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART KOTTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MIMS MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JASMINE BROWN DEROUSSELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
TED LECLERCQ	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE BISSINGER DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN GIARRUSSO	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE GOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY LOVELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SILLARS	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH KULLMAN	LCMC BOARD CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER LEGE	CHIEF MEDICAL OFFICER	50.00	Officer	$124,196	$23,064	$569,304
STEPHEN M BALDWIN	CHIEF OPERATING OFFICER	50.00	Officer	$81,307	$24,929	$384,203
PATRICIA ROSENBERG	CHIEF NURSING OFFICER	50.00	Officer	$71,003	$24,238	$332,293
PAUL DU TREIL MD	MEDICAL STAFF PRESIDENT	40.00	Officer	$0	$0	$0
JAY PENNISSON	CFO (BEGAN 2ND QTR 2023)	50.00	Officer	$0	$29,697	$421,436
TAKEISHA DAVIS	NOEH - PRESIDENT/CEO	50.00	Key Emp	$90,757	$18,424	$424,422
GRETCHEN PENTON	EXEC VP OF CCPI	50.00	Key Emp	$76,222	$26,423	$350,012
CANDACE S ROBINSON	NOWH CHIEF MEDICAL OFFICER	50.00	Key Emp	$73,631	$28,898	$354,054
TROY BOND	AVP HUMAN RESOURCES	50.00	Key Emp	$60,151	$25,682	$282,984
GREGORY R BARKER	VICE PRESIDENT OPERATIONS	50.00	Key Emp	$58,115	$13,926	$260,026
COURTNEY J MARBLEY	NOEH-CHIEF NURSING OFFICER	50.00	Key Emp	$56,180	$18,351	$266,024
DANIELLE WILLIS	NOEH CFO	50.00	Key Emp	$53,855	$11,819	$257,017
MYLENE UPSON	CONTROLLER	50.00	Key Emp	$46,234	$9,074	$184,244
BRANDON NGUYEN	NOEH DIR PHARMACY	50.00	Key Emp	$43,584	$22,232	$195,191
FE MEDINA	NOEH RN STAFF NURSE	50.00	Highest	$63,244	$10,750	$216,658
CRAIG EDRINGTON	CLINICAL SUPERVISOR	50.00	Highest	$60,897	$10,943	$199,353
JOHN RICHERT	PHYSICIAN	50.00	Highest	$53,994	$14,657	$216,390
TARA MONTGOMERY	DIRECTOR OF PHARMACY SERVI	5.00	Highest	$50,484	$16,333	$219,420
KIMBERLY BROWN	VP ANESTHESIA AND PAIN MED	1.00	Highest	$89,449	$12,440	$302,545
BRADLEY SINCLAIR	FORMER OFFICER	0.00		$0	$18,231	$471,848
SUZANNE HAGGARD	FORMER OFFICER	0.00		$0	$20,514	$700,850
TANYA KENNEDY	FORMER OFFICER	0.00		$0	$21,473	$428,746
CHAD COURREGE	FORMER OFFICER	0.00		$0	$36,058	$556,029

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	$343,039,322	$363,158,723	$391,460,215	$-20,119,401
2022	$342,315,015	$350,753,484	$438,593,980	$-8,438,469
2021	$305,945,261	$308,707,495	$480,338,707	$-2,762,234
2020	$303,388,195	$286,443,502	$458,830,102	$16,944,693
2019	$306,732,783	$289,665,141	$333,875,203	$17,067,642
2019	$306,732,783	$289,665,141	$333,875,203	$17,067,642
2018	$280,632,847	$288,886,004	$301,905,540	$-8,253,157

TOURO INFIRMARY