SOUTHEASTERN LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION

EIN: 721155014 501(c)(3)

HAMMOND, LA

Total Revenue
$60,523,992
Total Expenses
$58,347,139
Total Assets
$15,528,588
Net Assets
$12,195,247
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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
1989
Legal Domicile
LA
Principal Officer
BRIAN JAKES SR
Phone
9853451119
Tax Period
2023-07-01 to 2024-06-30

SOUTHEASTERN LOUISIANA AREA HEALTH EDUCATION CENTER FOUNDATION, founded in 1989, is a mid-sized nonprofit that reported $60.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $58.3M left a modest 4% surplus.

Mission

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

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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%)

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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
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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

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Governance

Voting Members
13
Independent Members
13
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
5
$450,650
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
3
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
2025 No data No data No data No data
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
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