LAFAYETTE GENERAL MEDICAL CENTER INC (EIN 720535375) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1911

Legal Domicile

Principal Officer

AL PATIN

Phone

3372897398

Tax Period

2024-01-01 to 2024-12-31

LAFAYETTE GENERAL MEDICAL CENTER INC is a 501(c)(3) with EIN 720535375, based in LAFAYETTE, LA. Founded in 1911, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $734,876,253 in total revenue and $683,573,597 in total expenses, with net assets of $712,356,461.

Mission

TO RESTORE, MAINTAIN, AND IMPROVE HEALTH OF THE PEOPLE IN THE COMMUNITIES WE SERVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,004

Program Service Revenue $695,304,573

Investment Income $-657,865

Other Revenue $40,220,541

TOTAL REVENUE $734,876,253

Expense Breakdown

Grants Paid $234,845

Salaries & Benefits $262,914,829

Fundraising Expenses $0

Program Expenses $648,139,188

Other Expenses $420,423,923

TOTAL EXPENSES $683,573,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$734,876,253	$681,873,436	+0.1%
Expenses	$683,573,597	$632,536,734	+0.1%
Net Income	$51,302,656	$49,336,702	+0.0%

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

$137,656

Total Directors

$21,176,493

Key Employees

$2,303,608

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY HOYT	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS RADER	TRUSTEE	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	$64,643	$129,286
EDWARD YERGER	TRUSTEE	1.00	Director	$0	$33,156	$1,110,038
FRANK WALKER	TRUSTEE & TREASURER	1.00	Officer Director	$0	$2,093	$4,186
JARED S QUOYESER	TRUSTEE & CHAIRMAN	1.00	Officer Director	$0	$66,668	$133,336
JENNIFER JACKSON EDD	TRUSTEE (END 1/2024)	1.00	Director	$0	$0	$0
JERRY VASCOCU	TRUSTEE	1.00	Director	$0	$0	$0
JULIE BROUSSARD MD	CHIEF OF STAFF, TRUSTEE (END 12/2024)	1.00	Director	$0	$28,003	$931,265
MARY ELLEN HENRY	TRUSTEE & SECRETARY	1.00	Officer Director	$0	$67	$134
MICHAEL HULEFELD	TRUSTEE	1.00	Director	$0	$510,933	$4,206,022
MOLLY B THOMAS MD	TRUSTEE	1.00	Director	$0	$35,489	$853,246
PEGGY GIGLIO	TRUSTEE	1.00	Director	$0	$67	$134
PETE NOVEMBER	TRUSTEE (END 3/2024)	1.00	Director	$0	$899,128	$7,011,513
RAMESH KOLLURU	TRUSTEE	1.00	Director	$0	$67	$134
RESHMA BHANUSHALI MD	TRUSTEE	1.00	Director	$0	$6,973	$379,527
RICKY MINIEX	TRUSTEE	1.00	Director	$0	$67	$134
ROBERT HART MD	TRUSTEE	1.00	Director	$0	$556,267	$4,738,566
WAYNE CESTIA MD	TRUSTEE	1.00	Director	$0	$0	$0
COREY JACK	TRUSTEE (BEGIN 2/2024)	1.00	Director	$0	$1,860	$3,720
JENNIFER EAST	TRUSTEE (BEGIN 2/2024)	1.00	Director	$0	$0	$0
MATTHEW BLOCK	TRUSTEE (BEGIN 3/2024)	1.00	Director	$0	$28,426	$884,708
ZIAD ASHKAR	TRUSTEE (BEGIN 2/2024)	1.00	Director	$0	$26,050	$790,544
AL J PATIN	EVP - CEO LGMC	0.00	Key Emp	$0	$59,485	$740,840
KIM L HEBERT	CHIEF FINANCIAL OFFICER - LGMC	0.00	Key Emp	$0	$6,973	$344,221
PATRICK W GANDY	CHIEF EXECUTIVE OFFICER-LGHS	0.00	Key Emp	$0	$109,051	$1,218,547
DAVID L CALLECOD	FORMER OFFICER AND TRUSTEE	0.00		$0	$2,213	$922,002
DAMON E PATTERSON	FORMER HIGHEST COMPENSATED	0.00		$0	$10,493	$280,106
JAMIE JOSEPH MD	FORMER HIGHEST COMPENSATED	0.00		$0	$6,973	$907,201
JASON A BREAUX MD	FORMER HIGHEST COMPENSATED	0.00		$0	$109,373	$957,882
MEGAN E DAIGLE	FORMER HIGHEST COMPENSATED	0.00		$0	$29,237	$960,743
MICHAEL S CAIN MD	FORMER HIGHEST COMPENSATED	0.00		$0	$33,019	$915,677

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	$734,876,253	$683,573,597	$750,565,227	$51,302,656
2023	$681,873,436	$632,536,734	$709,029,379	$49,336,702
2022	$560,211,832	$571,495,657	$682,046,797	$-11,283,825
2022	$560,211,832	$571,495,657	$682,046,797	$-11,283,825
2021	$589,213,594	$518,560,547	$740,241,066	$70,653,047
2020	$148,104,220	$131,561,242	$680,580,313	$16,542,978
2019	$559,007,569	$514,506,654	$517,217,270	$44,500,915
2018	$519,978,331	$478,260,319	$476,500,487	$41,718,012

LAFAYETTE GENERAL MEDICAL CENTER INC