SOUTHEASTERN LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION (EIN 721155014) - 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

1989

Legal Domicile

Principal Officer

BRIAN JAKES SR

Phone

9853451119

Tax Period

2023-07-01 to 2024-06-30

SOUTHEASTERN LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION is a 501(c)(3) with EIN 721155014, based in HAMMOND, LA. Founded in 1989, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $60,523,992 in total revenue and $58,347,139 in total expenses, with net assets of $12,195,247.

Mission

PROMOTE A VARIETY OF ACTIVITIES TO REDUCE BARRIERS THAT HINDER BETTER HEALTH.

🔒

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 $4,554,815

Program Service Revenue $55,820,454

Investment Income $148,723

Other Revenue $0

TOTAL REVENUE $60,523,992

Expense Breakdown

Grants Paid $45,805

Salaries & Benefits $39,167,053

Fundraising Expenses $0

Program Expenses $55,312,055

Other Expenses $19,134,281

TOTAL EXPENSES $58,347,139

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,523,992	$53,682,307	+0.1%
Expenses	$58,347,139	$50,945,061	+0.1%
Net Income	$2,176,853	$2,737,246	-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

689

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

$450,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN SCHAERER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BROCK WILLIAMS	MEMBER	0.50	Director	$0	$0	$0
EDWARD DEANO	MEMBER	0.50	Director	$0	$0	$0
ANGELA MCCLEAN MD	MEMBER	0.50	Director	$0	$0	$0
MICHAEL BARTON MD	MEMBER	0.50	Director	$0	$0	$0
MIKE PITTMAN MD	MEMBER	0.50	Director	$0	$0	$0
DR RANDALL SETTOON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TINA PATEL GUNALDO	MEMBER	0.50	Director	$0	$0	$0
MATTHEW VALLIERE	MEMBER	0.50	Director	$0	$0	$0
LLOYD SPRINGMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN P JAKES SR	CEO	50.00	Officer	$200,000	$36,000	$236,000
CHERYL S TANNER	CFO	50.00	Officer	$180,000	$34,650	$214,650
MARY ANN GALLOWAY	LOAN OFFICER	40.00	Highest	$124,280	$10,000	$134,280
BRIAN JAKES III	COO	40.00	Highest	$170,000	$33,900	$203,900
TOSHA JAKES	CONTROLLER	40.00	Highest	$165,000	$31,550	$196,550

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	$60,523,992	$58,347,139	$15,528,588	$2,176,853
2023	$53,682,307	$50,945,061	$15,189,848	$2,737,246
2022	$40,603,872	$39,790,985	$11,285,999	$812,887
2021	$32,019,241	$31,402,740	$8,364,528	$616,501
2020	$25,654,068	$25,069,822	$10,283,645	$584,246
2019	$23,553,555	$23,202,771	$8,467,585	$350,784
2018	$21,157,781	$20,703,684	$7,122,975	$454,097

SOUTHEASTERN LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION