LAFAYETTE HEALTH VENTURES INC (EIN 721006966) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

KIM DOOLEY

Phone

3372898951

Tax Period

2023-01-01 to 2023-12-31

LAFAYETTE HEALTH VENTURES INC, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $55.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $103.5M exceeded revenue, resulting in a 88% operating deficit.

Mission

OPERATE BUSINESSES (PHYSICIAN PRACTICES) THAT RETURN VALUE IN SUPPORT OF THE MISSION OF LAFAYETTE GENERAL MEDICAL CENTER (LGMC). LGMC'S MISSION IS TO PROVIDE MEDICAL CARE TO RESTORE, MAINTAIN & IMPROVE THE HEALTH OF THE PEOPLE IN THE COMMUNITY WE SERVE, REGARDLESS OF THE PATIENTS' ABILITY TO PAY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,548,833

Investment Income $42

Other Revenue $493,129

TOTAL REVENUE $55,042,004

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $85,000,473

Fundraising Expenses $0

Program Expenses $99,488,606

Other Expenses $18,537,876

TOTAL EXPENSES $103,547,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,042,004	$44,754,958	+0.2%
Expenses	$103,547,349	$93,005,461	+0.1%
Net Income	$-48,505,345	$-48,250,503	+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

N/A

Employees

N/A

Volunteers

N/A

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

$1,101,401

Total Directors

$3,511,887

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY H DOOLEY	CHIEF ADMINISTRATIVE OFFICER/BOARD MEMBER - NON VO	1.00	Director	$0	$18,968	$367,617
MICHAEL ALEXANDER MD	BOARD MEMBER/EMPLOYED PHYSICIAN	1.00	Director	$0	$28,423	$404,202
MICHAEL S CAIN MD	BOARD MEMBER/EMPLOYED PHYSICIAN	1.00	Director	$0	$28,292	$907,960
PATRICK W GANDY	BOARD MEMBER/CHAIR	1.00	Officer Director	$0	$101,516	$1,101,401
ROGER MATTKE	BOARD MEMBER - NON VOTING	1.00	Director	$0	$72,502	$730,707
AL J PATIN	FORMER BOARD MEMBER	0.00		$0	$56,713	$683,300
DAVID L CALLECOD	FORMER BOARD MEMBER	0.00		$0	$0	$931,604
BRIAN E ETIER JR	FORMER HIGHEST COMPENSATED	0.00		$0	$32,465	$1,215,891
EDWARD YERGER	FORMER HIGHEST COMPENSATED	0.00		$0	$1,557,826	$4,048,258
MOHAMAD A ALLAM	FORMER HIGHEST COMPENSATED	0.00		$0	$176,081	$1,474,581
PAUL BUZHARDT	FORMER HIGHEST COMPENSATED	0.00		$0	$31,931	$1,082,988
VICTOR E TEDESCO	FORMER HIGHEST COMPENSATED	0.00		$0	$2,124,166	$5,829,554

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	$55,042,004	$103,547,349	$19,210,138	$-48,505,345
2022	$44,754,958	$93,005,461	$16,411,956	$-48,250,503
2021	$48,649,836	$76,856,160	$14,637,307	$-28,206,324
2020	$12,281,846	$17,009,929	$10,029,024	$-4,728,083
2019	$37,112,423	$52,767,742	$16,048,188	$-15,655,319
2018	$30,326,134	$48,277,630	$9,356,449	$-17,951,496

LAFAYETTE HEALTH VENTURES INC