LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT

EIN: 721402222 501(c)(3) Philanthropy & Grantmaking

SHREVEPORT, LA

Total Revenue
$19,436,125
Total Expenses
$10,385,139
Total Assets
$288,860,046
Net Assets
$197,812,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
LA
Principal Officer
KEVIN FLOOD
Phone
3188610855
Tax Period
2022-07-01 to 2023-06-30

LSU HEALTH SCIENCES FOUNDATION IN SHREVEPORT, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.4M in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 47% operating margin.

Mission

THE SOLE MISSION OF THE FOUNDATION IS TO INSPIRE DONORS TO INVEST IN LSU HEALTH SHREVEPORT AND TO PROPERLY STEWARD CONTRIBUTIONS TOWARD ITS SUPPORT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,718,246
Program Service Revenue $0
Investment Income $9,994,122
Other Revenue $723,757
TOTAL REVENUE $19,436,125

Expense Breakdown

Grants Paid $8,372,439
Salaries & Benefits $1,236,076
Fundraising Expenses $1,276,352
Program Expenses $8,372,439
Other Expenses $776,624
TOTAL EXPENSES $10,385,139

Year-over-Year Comparison

2022 2021 Change
Revenue $19,436,125 $11,743,339 +0.7%
Expenses $10,385,139 $21,750,236 -0.5%
Net Income $9,050,986 $-10,006,897 -1.9%
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
21
Independent Members
21
Employees
13
Volunteers
25

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
7
$353,774
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ABDEHOU DIRECTOR 2.00
Director
$0 $0 $0
LEE ABRAHAM III DIRECTOR 2.00
Director
$0 $0 $0
SHANE BRIDGES DIRECTOR/PROPERTY CHAIR 2.00
Director
$0 $0 $0
BILL COMEGYS III VICE CHAIR/INVESTMENT CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL BUSADA DIRECTOR 2.00
Director
$0 $0 $0
MARK GARRETT DIRECTOR 2.00
Director
$0 $0 $0
NANCY GERMANY DIRECTOR/ALUMNI COUNCIL CH 2.00
Director
$0 $0 $0
PATRICK HARRISON DIRECTOR 2.00
Director
$0 $0 $0
JAMES HOBLEY DIRECTOR 2.00
Director
$0 $0 $0
JERRY JONES DIRECTOR 2.00
Director
$0 $0 $0
ROB KING III DIRECTOR 2.00
Director
$0 $0 $0
RAY LASSEIGNE TREASURER/FINANCE CHAIR 2.00
Officer Director
$0 $0 $0
DENNIS O'CALLAGHAN DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY PRINCE DIRECTOR 2.00
Director
$0 $0 $0
BUBBA RASBERRY DIRECTOR/GOVERNANCE CHAIR 2.00
Director
$0 $0 $0
JOHN EVANS DIRECTOR 2.00
Director
$0 $0 $0
VALARIE JAMISON SECRETARY/AUDIT CHAIR 2.00
Officer Director
$0 $0 $0
TOM OSTENDORFF III BOARD CHAIR 6.00
Officer Director
$0 $0 $0
SUSAN MOFFITT DIRECTOR/DEVELOPMENT COMMITTEE CHAIR 2.00
Director
$0 $0 $0
ARMAND ROOS IMMEDIATE PAST CHAIR 6.00
Officer Director
$0 $0 $0
DONALD POSNER DIRECTOR 2.00
Director
$0 $0 $0
KEVIN FLOOD PRESIDENT & CEO 40.00
Officer
$168,766 $15,968 $184,734
BRIGETTE ROSE EXECTUIVE VP & CFO 40.00
Officer
$154,290 $14,750 $169,040
JESSE GILMORE VP OF DEVELOPMENT 40.00
Highest
$111,414 $12,989 $124,403
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 No data No data No data No data
2023 $19,436,125 $10,385,139 $288,860,046 $9,050,986
2022 $11,743,339 $21,750,236 $270,688,271 $-10,006,897
2021 $53,948,217 $16,986,992 $312,345,482 $36,961,225
2020 $15,401,528 $6,400,704 $241,132,177 $9,000,824
2019 $14,925,058 $5,717,557 $226,760,902 $9,207,501
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