FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM INC (EIN 721028323) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

RICHARD R VATH

Phone

2259232701

Tax Period

2023-07-01 to 2024-06-30

FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM INC is a 501(c)(3) with EIN 721028323, based in BATON ROUGE, LA. Founded in 1984, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $368,981,146 in total revenue and $428,731,737 in total expenses, with net assets of $402,401,879.

Mission

MANAGES AN INTEGRATED HEALTH SYSTEM TO MAKE A DIFFERENCE IN OUR COMMUNITIES (SEE SCH O)

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,138

Program Service Revenue $351,020,830

Investment Income $-3,905,196

Other Revenue $21,852,374

TOTAL REVENUE $368,981,146

Expense Breakdown

Grants Paid $139,675

Salaries & Benefits $199,502,684

Fundraising Expenses $0

Program Expenses $55,499,825

Other Expenses $229,089,378

TOTAL EXPENSES $428,731,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,981,146	$303,164,692	+0.2%
Expenses	$428,731,737	$380,953,550	+0.1%
Net Income	$-59,750,591	$-77,788,858	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1999

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

$4,433,379

Total Directors

$3,256,150

Key Employees

$4,959,694

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SR BARBARA ARCENEAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD BOUDREAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ENGQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
EJ KUIPER	CEO & PRESIDENT FROM MAY 2024	50.00	Officer Director	$0	$0	$0
SR ANN CATHERINE NGUYEN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIE E SMITH EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
SR DOROTHEA SONDGEROTH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD R VATH MD	CEO & PRESIDENT THRU JUNE 2024	50.00	Officer Director	$2,873,773	$49,706	$2,923,479
SR LAURA WOLF	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT YARBOROUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY LIMBOCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT RAMSEY	FORMER INTERIM CFO/BOARD MEMBER	1.00	Director	$331,658	$1,013	$332,671
JENNIFER DECUIR	EVP, GENERAL COUNSEL	40.00	Officer	$621,169	$64,066	$685,235
MICHAEL GLEASON	EVP CHIEF FINANCIAL OFFICER	40.00	Officer	$796,618	$28,047	$824,665
STEPHANIE MANSON	PRESIDENT, LOURDES & ACADIANA MARKET	40.50	Key Emp	$758,593	$56,031	$814,624
CHARLES L SPICER JR	PRESIDENT, LAKE & BATON ROUGE MARKET	40.00	Key Emp	$926,102	$129,969	$1,056,071
THOMAS GULLATT	PRESIDENT, ST FRANCIS & NORTH MARKET	40.00	Key Emp	$613,673	$104,736	$718,409
STEVEN GREMILLION	EVP CHIEF MEDICAL OFFICER	40.00	Key Emp	$1,158,377	$42,891	$1,201,268
SCOTT KASHMAN	PRESIDENT ST. DOMINIC AND JACKSON MARKET (END 7/7/	40.00	Key Emp	$295,199	$16,104	$311,303
KRISTIN WOLKART	FORMER SFMC PRES/FMOLHS COO	0.00	Key Emp	$740,802	$117,217	$858,019
DR JAMES CRAVEN	EVP CHIEF PHYSICIAN OFFICER	40.00	Highest	$1,169,154	$49,399	$1,218,553
HUNTER RICHARDSON	EVP CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$914,553	$162,116	$1,076,669
CRAIG VITRANO	SVP PHYSICIAN EXECUTIVE	50.00	Highest	$801,994	$18,421	$820,415
TARA HANEY	EVP CHIEF STRATEGY OFFICER	40.00	Highest	$711,162	$102,959	$814,121
JENNIFER CLOWERS	SVP REG CHIEF FINANCIAL OFFICER	40.00	Highest	$632,613	$82,941	$715,554
KATHLEEN HEALY-COLLIER	FORMER PRESIDENT, LOURDES & ACADIANA MARKET	0.00		$444,995	$0	$444,995
KEVIN COOK	FORMER EVP, CHIEF OPERATING OFFICER	0.00		$571,554	$3,115	$574,669
KENNETH SCOTT WESTER	FORMER PRESIDENT, LAKE & BATON ROUGE MARKET	0.00		$703,310	$0	$703,310
JOLEE BOLLINGER	FORMER EVP, GENERAL COUNSEL	0.00		$2,064,997	$13,832	$2,078,829

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	$368,981,146	$428,731,737	$3,061,919,171	$-59,750,591
2023	$303,164,692	$380,953,550	$2,452,695,794	$-77,788,858
2022	$290,871,746	$341,374,671	$2,437,460,575	$-50,502,925
2021	$303,834,510	$326,262,859	$2,901,002,958	$-22,428,349
2019	$224,068,859	$290,721,979	$1,272,880,220	$-66,653,120
2018	$220,699,376	$252,313,316	$1,159,635,312	$-31,613,940

FRANCISCAN MISSIONARIES OF OUR LADY HEALTH SYSTEM INC