OCHSNER CLINIC FOUNDATION

EIN: 720502505 501(c)(3) Health Care

NEW ORLEANS, LA

Total Revenue
$6,038,885,387
Total Expenses
$5,713,804,551
Total Assets
$6,628,093,772
Net Assets
$3,197,758,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
LA
Principal Officer
PETER C NOVEMBER
Phone
5048424097
Tax Period
2024-01-01 to 2024-12-31

OCHSNER CLINIC FOUNDATION, founded in 1944, is a large national nonprofit in the Health Care sector that reported $6.0B in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.7B left a modest 5% surplus.

Mission

WE SERVE, HEAL, LEAD, EDUCATE AND INNOVATE.

Program Service Accomplishments

Program 1
Expenses: $4,501,121,190 Revenue: $5,224,191,008

PATIENT CARE/PATIENT MEDICAL SERVICES: OCHSNER CLINIC FOUNDATION CONSISTS OF SIX HOSPITALS AT ELEVEN CAMPUSES AND MANY CLINICAL LOCATIONS. SERVED 72,118 INPATIENTS RESULTING IN 344,905 PATIENT DAYS...

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PATIENT CARE/PATIENT MEDICAL SERVICES: OCHSNER CLINIC FOUNDATION CONSISTS OF SIX HOSPITALS AT ELEVEN CAMPUSES AND MANY CLINICAL LOCATIONS. SERVED 72,118 INPATIENTS RESULTING IN 344,905 PATIENT DAYS. EMERGENCY ROOM VISITS TOTALED 608,545. THE NUMBER OF BIRTHS TOTALED 11,671. OUTPATIENT HOSPITAL VISITS TOTALED 1,606,307. PHYSICIAN CLINIC VISITS TOTAL 4,263,864. 386 PATIENTS RECEIVED ORGAN TRANSPLANTS.

Program 2
Expenses: $50,688,206 Revenue: $11,991,467

DIVISION OF ACADEMICS: SINCE 1944, ACADEMICS HAS BEEN AN INTEGRAL COMPONENT OF THE MISSION, VISIONS AND STRATEGY OF THE OCHSNER ORGANIZATION. THE DIVISION OF ACADEMICS, ENCOMPASSING BOTH MEDICAL...

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DIVISION OF ACADEMICS: SINCE 1944, ACADEMICS HAS BEEN AN INTEGRAL COMPONENT OF THE MISSION, VISIONS AND STRATEGY OF THE OCHSNER ORGANIZATION. THE DIVISION OF ACADEMICS, ENCOMPASSING BOTH MEDICAL EDUCATION AND RESEARCH, ADDS EMPHASIS, INTELLECTUAL CAPITAL, AND FOCUS TO OCHSNER'S MISSION TO LEAD, EDUCATE, AND INNOVATE, WITH THE PRIMARY FOCUS OF PROVIDING THE HIGHEST QUALITY CARE AND SERVICE TO THE OCHSNER COMMUNITIES AND PATIENTS. OUR MEDICAL EDUCATION MISSION IS TO EDUCATE AND TRAIN A HEALTH PROFESSIONAL WORKFORCE THAT IS PREPARED TO PROVIDE SAFE AND EFFICIENT CARE IN AN EVOLVING HEALTHCARE DELIVERY SYSTEM ALONG WITH OUR RESEARCH MISSION TO ENHANCE, FOSTER, AND PROMOTE TRANSLATIONAL, CLINICAL AND HEALTH SERVICES RESEARCH OF THE HIGHEST QUALITY TO IMPROVE THE CLINICAL CARE OF OUR PATIENTS. THE ACADEMIC AREAS ARE OPERATING DIVISIONS OF OCF. RESIDENCY TRAINING PROGRAMS. OCF OPERATES ONE OF THE NATION'S LARGEST INDEPENDENT ACADEMIC MEDICAL CENTERS AND TRAINS OVER 360 RESIDENTS AND FELLOWS ANNUALLY IN 35 INDEPENDENT OCF-SPONSORED ACCREDITED RESIDENCY TRAINING PROGRAMS. IN ADDITION, OCHSNER IS A JOINT SPONSOR WITH THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCE CENTER ("LSUHSC",) PSYCHIATRY PROGRAM, AND IS A JOINT SPONSOR WITH TULANE UNIVERSITY SCHOOL OF MEDICINE ("TULANE") FOR PEDIATRICS AND OTOLARYNGOLOGY PROGRAMS. THE JOINT PROGRAMS INCLUDE APPROXIMATELY 87 RESIDENTS. IN ADDITION, APPROXIMATELY ANOTHER 740 RESIDENTS AND FELLOWS ROTATE TO OCF IN VARIOUS DISCIPLINES OF MEDICINE AND SURGERY UNDER AFFILIATION AGREEMENTS WITH LSUHSC AND TULANE AS WELL AS OTHER SCHOOLS FROM ACROSS THE COUNTRY AND AROUND THE WORLD. OCHSNER ALSO SUPPORTS LSUHSC RESIDENCY TRAINING PROGRAMS AT OCHSNER MEDICAL CENTER - KENNER WHERE APPROXIMATELY 55 RESIDENTS IN FAMILY PRACTICE AND INTERNAL MEDICINE, AND APPROXIMATELY 90 RESIDENTS IN MEDICINE AND SURGICAL SPECIALTIES TRAINING PROGRAMS COMPLETE CLINICAL ROTATIONS ANNUALLY.UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL. IN THE FALL OF 2008, OCHSNER ENTERED INTO A PARTNERSHIP WITH THE UNIVERSITY OF QUEENSLAND SCHOOL OF MEDICINE IN BRISBANE, AUSTRALIA TO DEVELOP THE UNIVERSITY OF QUEENSLAND, OCHSNER CLINICAL SCHOOL ("OCS".) THE UNIVERSITY OF QUEENSLAND OCHSNER CLINICAL SCHOOL IS FULLY ACCREDITED BY THE AUSTRALIAN MEDICAL COUNCIL AND AT FULL STUDENT COMPLIMENT, THIS PROGRAM GRADUATES APPROXIMATELY 100 MEDICAL STUDENTS EACH YEAR. THE STUDENTS GRADUATE WITH A DOCTOR OF MEDICINE (MD) DEGREE. AS OF JANUARY 2024, THERE WERE 352 STUDENTS ENROLLED IN THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM. IN 2024, THE OCS RESIDENCY MATCH RATE WAS 99%. IN ADDITION TO THE UNIVERSITY OF QUEENSLAND, OCS PROGRAM, OCHSNER CONTINUES TO PROVIDE OVER 268 STUDENT-MONTHS OF CLINICAL EDUCATION TO OVER 233 MEDICAL STUDENTS FROM TULANE AND THE LSUHSC AND OTHER MEDICAL SCHOOL PROGRAMS FROM ACROSS THE REGION, COUNTRY AND AROUND THE WORLD.THE OCHSNER DEPARTMENT OF CONTINUING MEDICAL EDUCATION (CME) HAS BEEN ACCREDITED BY THE ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME) SINCE 1976. APPROXIMATELY 160 CME EDUCATIONAL ACTIVITIES ARE HELD ANNUALLY THROUGH REGULARLY SCHEDULED SERIES, INTERNET COURSES, AND LIVE ACTIVITIES PROVIDING MORE THAN 23,000 PRACTICING PHYSICIANS WITH OVER 39,000 CME CREDITS. OCF ALSO COLLABORATES WITH OVER 20 JOINT PROVIDERS TO ISSUE CME CREDIT FOR EDUCATIONAL ACTIVITIES SPONSORED THROUGH THE JOINT PROVIDER. THESE EDUCATIONAL ACTIVITIES INCLUDE NATIONAL SOCIETIES, REGIONAL HOSPITALS, AND SPECIALTY GROUPS. NURSING/ALLIED HEALTH/ADVANCED PRACTICE AFFILIATIONS. OCF HAS FORMAL AFFILIATIONS WITH OVER 200 INSTITUTIONS OF HIGHER LEARNING. OCF, THROUGH NURSING, ALLIED HEALTH, AND ADVANCED PRACTICE AFFILIATIONS, ENABLES STUDENTS ENROLLED IN OVER 275 COLLEGE AND UNIVERSITY PROGRAMS THROUGHOUT THE UNITED STATES TO COMPLETE FORMAL CLINICAL TRAINING DEGREE REQUIREMENTS. THROUGH THESE AFFILIATIONS, OCHSNER PROVIDES CLINICAL TRAINING AND MENTORING TO OVER 6,000 STUDENTS. IN ADDITION TO THESE AFFILIATIONS, OCHSNER IS PARTNERED WITH XAVIER UNIVERSITY OF NEW ORLEANS TO FACILITATE A PHYSICIAN ASSISTANT PROGRAM AND LOYOLA UNIVERSITY OF NEW ORLEANS TO FACILITATE A BACHELOR'S OF NURSING PROGRAM.APPROVALS AND ACCREDITATIONS. OCF'S DIVISION OF ACADEMICS' EDUCATION PROGRAMS ARE ACCREDITED BY OR REGISTERED WITH THE FOLLOWING AGENCIES:ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME)ACCREDITATION COUNCIL FOR CONTINUING MEDICAL EDUCATION (ACCME)AMERICAN ASSOCIATION OF MEDICAL COLLEGES (AAMC)AUSTRALIAN MEDICAL COUNCIL (AMC)COUNCIL ON TEACHING HOSPITALS (COTH)

Program 3
Expenses: $33,183,471 Revenue: $11,465,777

MEDICAL RESEARCH: CURRENTLY, OCHSNER CLINIC FOUNDATION OPERATES FOUR BASIC SCIENCE RESEARCH LABORATORIES WITH NEARLY 600 ACTIVE CLINICAL TRIALS IN 40 CLINICAL AREAS. OVER 8,000 PATIENTS PARTICIPATE...

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MEDICAL RESEARCH: CURRENTLY, OCHSNER CLINIC FOUNDATION OPERATES FOUR BASIC SCIENCE RESEARCH LABORATORIES WITH NEARLY 600 ACTIVE CLINICAL TRIALS IN 40 CLINICAL AREAS. OVER 8,000 PATIENTS PARTICIPATE IN OCHSNER CLINICAL RESEARCH ANNUALLY. EVERY CLINICAL TRIAL IS OVERSEEN BY THE OCHSNER INSTITUTIONAL REVIEW BOARD, WHICH PROVIDES OVERSIGHT OF THE SAFETY OF THE HUMAN SUBJECTS PARTICIPATING IN CLINICAL TRIALS. OCHSNER ESTABLISHED THE OCHSNER CENTER FOR OUTCOMES HEALTH RESEARCH (OCOHR), THE MISSION OF WHICH IS TO ADVANCE KNOWLEDGE, IMPROVE CLINICAL PRACTICE, AND THE HEALTH AND WELL-BEING OF THE COMMUNITY. OCOHR IS A MAJOR COLLABORATOR ON SEVERAL GRANTS FUNDED BY THE PATIENT-CENTERED OUTCOMES RESEARCH INSTITUTE AND THE NATIONAL INSTITUTES OF HEALTH. THE CLINICAL TRIAL UNIT LOCATED ON THE BAPTIST HOSPITAL CAMPUS WAS ESTABLISHED IN 2012 TO PROVIDE THE ABILITY TO CARRY OUT A VARIETY OF CLINICAL TRIALS, INCLUDING COMPLEX TRIALS REQUIRING CLOSE MONITORING, HIGH-VOLUME TRIALS AND MORE. FROM INCEPTION, OVER 5,000 PATIENTS HAVE PARTICIPATED IN RESEARCH STUDIES AT THE CTU. A SECOND CLINICAL TRIAL UNIT LOCATED ON THE KENNER HOSPITAL CAMPUS WAS RECENTLY OPENED PRIMARILY FOR VACCINE AND OTHER HIGH ENROLLING STUDIES. THE BIOREPOSITORY & CORE RESEARCH LAB UNIT, LOCATED AT OCHSNER MEDICAL CENTER, WAS ESTABLISHED IN 2011 TO DEVELOP A ROBUST INVENTORY OF HUMAN BIOSPECIMENS AND BIOFLUIDS FOR UTILIZATION IN RESEARCH PROJECTS. SINCE INCEPTION, OVER 5,000 PATIENTS HAVE DONATED THEIR TISSUES AND BIOFLUIDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,017,253
Program Service Revenue $5,280,325,816
Investment Income $57,560,722
Other Revenue $628,981,596
TOTAL REVENUE $6,038,885,387

Expense Breakdown

Grants Paid $8,271,730
Salaries & Benefits $2,921,188,287
Fundraising Expenses $5,846,323
Program Expenses $4,601,537,247
Other Expenses $2,784,344,534
TOTAL EXPENSES $5,713,804,551

Year-over-Year Comparison

2024 2023 Change
Revenue $6,038,885,387 $5,368,249,222 +0.1%
Expenses $5,713,804,551 $5,008,368,403 +0.1%
Net Income $325,080,836 $359,880,819 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
14
Employees
43018
Volunteers
618

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
6
$20,327,850
Total Directors
25
$15,634,822
Key Employees
10
$12,829,067
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN AUGUSTINE COMMUNITY DIRECTOR (BEG: 5/24) 5.00
Director
$36,446 $0 $36,446
KAREN B BLESSEY MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$402,439 $6,973 $409,412
CUONG Q BUI MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$2,129,951 $38,723 $2,168,674
TIFFANY L DAVIS MD BOARD MEMBER/SR PHYS (BEG: 4/24) 50.00
Director
$372,561 $17,355 $389,916
BEN DOGA MD COMMUNITY DIRECTOR 5.00
Director
$68,946 $0 $68,946
JOHN A EVANS COMMUNITY DIRECTOR 5.00
Director
$50,091 $0 $50,091
SUSAN H GUNN MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$456,841 $36,746 $493,587
WILLIAM H HINES COMMUNITY DIRECTOR 5.00
Director
$75,840 $0 $75,840
SUMA D JAIN MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$545,534 $8,557 $554,091
ALISHA M LACOUR MD BOARD MEMBER/RMD 50.00
Director
$627,695 $7,135 $634,830
DENNIS LAUSCHA COMMUNITY DIRECTOR 5.00
Director
$10,617 $0 $10,617
R PARKER LECORGNE COMMUNITY DIRECTOR 5.00
Director
$70,451 $0 $70,451
JAMES E MAURIN COMMUNITY DIRECTOR (END: 5/24) 5.00
Director
$17,148 $0 $17,148
SUZANNE T MESTAYER PAST CHAIR/COMMUNITY DIRECTOR 5.00
Director
$81,075 $0 $81,075
BRIAN A MOORE MD BOARD MEMBER/RMD 50.00
Director
$928,072 $38,073 $966,145
PETER C NOVEMBER CEO/BOARD MEMBER 42.00
Officer Director
$6,112,385 $899,128 $7,011,513
JEFFERSON G PARKER COMMUNITY DIRECTOR 5.00
Director
$22,682 $0 $22,682
ROBERT J PATRICK COMMUNITY DIRECTOR 5.00
Director
$18,930 $0 $18,930
JARED QUOYESER COMMUNITY DIRECTOR 5.00
Director
$66,668 $0 $66,668
TIMOTHY L RIDDELL MD BRD MBR/CEO-NS & MS GC (END: 4/24) 50.00
Director
$994,131 $86,285 $1,080,416
VICTORIA A SMITH MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$428,720 $21,695 $450,415
WILLIAM D SUMRALL III MD BOARD MEMBER/SENIOR PHYSICIAN 50.00
Director
$826,497 $36,313 $862,810
JOSE S SUQUET COMMUNITY DIRECTOR 5.00
Director
$6,756 $0 $6,756
H DAVID WILSON COMMUNITY DIRECTOR 5.00
Director
$64,643 $0 $64,643
ANDREW B WISDOM COMMUNITY DIRECTOR, BOARD CHAIR 5.00
Officer Director
$22,720 $0 $22,720
ROBERT I HART MD CHIEF PHYS EXEC & PRES, OCH CLINIC 48.00
Officer
$4,182,299 $229,267 $4,411,566
MICHAEL F HULEFELD PRESIDENT & CHIEF OPERATING OFFICER 44.00
Officer
$3,695,089 $510,933 $4,206,022
JAMES MOLLOY EVP-CFO AND TREASURER 44.00
Officer
$2,583,583 $712,539 $3,296,122
SHELLEY S TYNAN SYS VP-LEGAL & GEN COUNSEL, SEC 44.00
Officer
$1,219,217 $160,690 $1,379,907
MATTHEW BLOCK EVP-CHIEF ADMINISTRATIVE OFFICER 48.00
Key Emp
$856,278 $28,426 $884,704
CHARLES D DAIGLE CEO-BATON ROUGE & LAKE CHARLES 50.00
Key Emp
$1,109,060 $124,680 $1,233,740
BRADLEY R GOODSON CEO-OMC (END: 9/24) 50.00
Key Emp
$849,965 $27,739 $877,704
ABDUL M KHAN MD REG MED DIR, KEN/WB (BEG: 6/24) 50.00
Key Emp
$562,696 $35,053 $597,749
DAWN M PUENTE MD RMD, BAP/KEN/WB (END: 5/24) 50.00
Key Emp
$474,894 $13,785 $488,679
ALDO J RUSSO MD REG MED DIR, BR REG (END: 12/24) 50.00
Key Emp
$837,082 $39,717 $876,799
TRACEY T SCHIRO EVP-CHIEF PEOPLE & CULTURE OFFICER 50.00
Key Emp
$3,385,647 $407,792 $3,793,439
LEONARDO B SEOANE MD EVP-CHIEF ACADEMIC OFFICER 50.00
Key Emp
$1,707,724 $169,919 $1,877,643
BETH E WALKER CEO-OMC (BEG: 9/24) 50.00
Key Emp
$733,963 $63,639 $797,602
ROBERT WOLTERMAN CEO-SS REGION & CLINICAL JVS 50.00
Key Emp
$1,280,561 $120,447 $1,401,008
MOHAMAD A ALLAM MD PHYSICIAN 50.00
Highest
$3,197,542 $36,440 $3,233,982
DENISE S BASOW EVP-CHIEF DIGITAL HEALTH OFFICER 50.00
Highest
$1,838,091 $17,280 $1,855,371
GEORGE E LOSS JR MD PHD SYS VP-CHIEF CLNC TRANSF & STRAT OFF 50.00
Highest
$1,821,402 $488,953 $2,310,355
PATRICK E PARRINO MD SR PHYSICIAN-VICE CHAIR 50.00
Highest
$1,857,249 $35,573 $1,892,822
BENJAMIN B PEELER MD SR PHYSICIAN-SECTION HEAD 50.00
Highest
$6,742,839 $17,173 $6,760,012
SCOTT J POSECAI EXECUTIVE CONSULTANT 50.00
$1,191,838 $32,342 $1,224,180
J ERIC MCMILLEN FORMER KEY EMPLOYEE 50.00
$622,934 $6 $622,940
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 $6,038,885,387 $5,713,804,551 $6,628,093,772 $325,080,836
2023 $5,368,249,222 $5,008,368,403 $6,305,971,167 $359,880,819
2022 $5,075,999,430 $5,042,071,077 $6,051,337,659 $33,928,353
2021 $4,902,026,766 $4,658,470,804 $5,690,182,815 $243,555,962
2020 $4,213,475,352 $3,997,373,045 $5,239,386,939 $216,102,307
2019 $3,746,277,344 $3,585,232,327 $3,490,558,630 $161,045,017
2018 $3,393,701,724 $3,240,904,463 $2,930,887,555 $152,797,261
2017 $3,006,828,810 $2,878,075,267 $2,651,229,587 $128,753,543
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