OUR LADY OF THE LAKE ASSUMPTION COMMUNITY HOSPITAL (EIN 721495500) - 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

2001

Legal Domicile

Principal Officer

BRIAN TRIPODE

Phone

2257657709

Tax Period

2023-07-01 to 2024-06-30

OUR LADY OF THE LAKE ASSUMPTION COMMUNITY HOSPITAL, founded in 2001, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 27% operating margin.

Mission

THE PURPOSE OF THE HOSPITAL IS TO PROVIDE FOR THE CARE OF ILL, INJURED AND (SEE SCHEDULE O).DISABLED PERSONS AND TO ENHANCE THE HEALTH OF THOSE IN THE COMMUNITY THROUGH RESEARCH AND EDUCATION.

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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 $7,185

Program Service Revenue $12,923,061

Investment Income $228,633

Other Revenue $25,500

TOTAL REVENUE $13,184,379

Expense Breakdown

Grants Paid $872

Salaries & Benefits $4,341,891

Fundraising Expenses $0

Program Expenses $7,098,464

Other Expenses $5,224,653

TOTAL EXPENSES $9,567,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,184,379	$11,876,435	+0.1%
Expenses	$9,567,416	$8,894,232	+0.1%
Net Income	$3,616,963	$2,982,203	+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

Governance

Voting Members

Independent Members

Employees

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

$2,023,706

Total Directors

$3,178,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN F TRIPODE	SENIOR DIRECTOR	40.00	Officer Director	$224,572	$27,509	$252,081
CHARLES L SPICER	PRESIDENT - OLOL	2.00	Officer Director	$0	$129,969	$1,056,071
CHARLES P BOLOTTE MD	BOARD MEMBER	10.00	Director	$0	$0	$0
GREG BOWSER	SECRETARY	2.00	Officer Director	$0	$0	$0
HARRY J PHILIPS JR	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER CLOWERS	REGIONAL CFO	2.00	Officer Director	$0	$82,941	$715,554
JOHN FRAICHE MD	PHYSICIAN	2.00	Director	$0	$38,603	$694,232
LESLEY TILLEY	VP REGIONAL OPERATIONS BR	2.00	Director	$0	$47,997	$460,762
MICHAEL CRAPANZANO MD	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT N HENGSENS	CHAIR	2.00	Officer Director	$0	$0	$0
STEPHEN M TOUPS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRITTANY WYGER	PHYSICIAN	40.00	Highest	$281,720	$15,846	$297,566
DAMIAN RICHARD	MRI TECHNOLOGIST	40.00	Highest	$111,364	$9,466	$120,830
DONNA M MULLINGS	DIR. NURSING	40.00	Highest	$103,426	$4,988	$108,414
LOWELL STANTON	FORMER REG CFO/ LOURDES CFO	0.00		$0	$42,876	$642,950

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	$13,184,379	$9,567,416	$34,014,036	$3,616,963
2023	$11,876,435	$8,894,232	$25,380,919	$2,982,203
2022	$12,675,021	$8,193,907	$21,383,331	$4,481,114
2021	$9,265,064	$7,221,688	$20,816,779	$2,043,376
2020	$7,581,087	$7,048,568	$20,367,089	$532,519
2019	$7,063,468	$6,592,735	$16,049,358	$470,733
2018	$8,346,735	$6,521,159	$15,092,651	$1,825,576

OUR LADY OF THE LAKE ASSUMPTION COMMUNITY HOSPITAL