SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION D/B/A LAKE CHARLES MEMORIAL HOSPITAL (EIN 720551963) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

DEVIN HYDE

Phone

3374943202

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION D/B/A LAKE CHARLES MEMORIAL HOSPITAL is a 501(c)(3) with EIN 720551963, based in LAKE CHARLES, LA. Founded in 1952, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $502,290,228 in total revenue and $387,969,570 in total expenses, with net assets of $169,932,388.

Mission

PROVIDE 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 $462,003

Program Service Revenue $499,684,704

Investment Income $1,700,140

Other Revenue $443,381

TOTAL REVENUE $502,290,228

Expense Breakdown

Grants Paid $132,788

Salaries & Benefits $152,618,979

Fundraising Expenses $1,132,096

Program Expenses $372,337,601

Other Expenses $235,217,803

TOTAL EXPENSES $387,969,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$502,290,228	$412,147,197	+0.2%
Expenses	$387,969,570	$368,027,633	+0.1%
Net Income	$114,320,658	$44,119,564	+1.6%

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

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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

3230

Volunteers

128

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

$1,525,170

Total Directors

$5,588,019

Key Employees

$2,784,297

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MITCH ADRIAN	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR NEIL ASPINWALL	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MR JOE MILLER JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVON HYDE	PRESIDENT, CEO & ASSIST SE	40.00	Officer Director	$990,890	$23,777	$1,014,667
DAWN JOHNSON-HATCHER	TREASURER	40.00	Officer Director	$489,566	$20,937	$510,503
BENJAMIN AZEVEDO MD	MEDICAL STAFF PRESIDENT- ELECT	40.00	Director	$372,363	$33,176	$405,539
DANIEL HALL MD	MEDICAL STAFF PAST PRESIDENT	1.00	Director	$0	$0	$0
AMANDA ELLINGTON MD	BOARD MEMBER	40.00	Director	$1,092,304	$20,937	$1,113,241
JUDGE GENE THIBODEAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM RANDY CONDOS MD	BOARD MEMBER	40.00	Director	$107,355	$0	$107,355
EDWARD BERGEN DO	MEDICAL STAFF PRESIDENT	40.00	Director	$1,234,430	$31,720	$1,266,150
GREGORY LUGO MD	BOARD MEMBER	40.00	Director	$1,148,591	$21,973	$1,170,564
DENISE EMERSON RAU	CHAIR-ELECT/VICE CHAIR & S	1.00	Officer Director	$0	$0	$0
MR LOUIS TODD SR	BOARD MEMBER	40.00	Director	$0	$0	$0
GERALD BRYANT	EXECUTIVE VP OF NURSING	40.00	Key Emp	$580,357	$32,720	$613,077
JASON J RASHALL	EXECUTIVE VP OF BUSINESS D	40.00	Key Emp	$364,031	$31,520	$395,551
BERNITA BROWN	VP OF SUPPORT SERVICES	40.00	Key Emp	$300,490	$10,207	$310,697
STEVE STANIC	CHIEF INFORMATION OFFICER	40.00	Key Emp	$433,857	$26,158	$460,015
SHANA SCALES	VP OF HUMAN RESOURCES	40.00	Key Emp	$256,309	$15,312	$271,621
MANLEY JORDAN	CHIEF MEDICAL OFFICER	40.00	Key Emp	$706,058	$27,278	$733,336
JEAN KING WHITE	PHYSICIAN	40.00	Highest	$1,379,781	$24,758	$1,404,539
SARPREET BASRA	PHYSICIAN	40.00	Highest	$1,323,273	$25,799	$1,349,072
GREGORY RUBINO	PHYSICIAN	40.00	Highest	$1,198,488	$13,200	$1,211,688
CLIFFORD COURVILLE	PHYSICIAN	40.00	Highest	$1,187,681	$33,970	$1,221,651
CHRISTOPHER THOMPSON	PHYSICIAN	40.00	Highest	$1,169,804	$13,200	$1,183,004
JASON LANGHOFER	PAST BOARD MEMBER	40.00		$741,398	$32,520	$773,918
MOHAMMED SARWAR MD	FORMER OFFICER	40.00		$307,953	$30,771	$338,724
SETH BILLIODEAUX	FORMER OFFICER	40.00		$728,987	$25,393	$754,380

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	$502,290,228	$387,969,570	$361,182,002	$114,320,658
2022	$412,147,197	$368,027,633	$326,877,814	$44,119,564
2021	$382,901,839	$357,672,066	$364,058,942	$25,229,773
2020	$392,125,540	$351,286,922	$386,653,359	$40,838,618
2019	$370,979,483	$336,279,514	$305,890,508	$34,699,969
2018	$358,073,330	$329,083,177	$245,574,246	$28,990,153

SOUTHWEST LOUISIANA HOSPITAL ASSOCIATION D/B/A LAKE CHARLES MEMORIAL HOSPITAL