LOUISIANA PSYCHIATRIC MEDICAL ASSOCIATION (EIN 726029095) - 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

1965

Legal Domicile

Principal Officer

ELLY WRIGHT

Phone

5046990025

Tax Period

2024-01-01 to 2024-12-31

LOUISIANA PSYCHIATRIC MEDICAL ASSOCIATION, founded in 1965, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $506K represent 51 months of operating reserves.

Mission

TO PROVIDE ANNUAL PROGRAMMING FOR PSYCHIATRISTS INCLUDING CONTINUING MEDICAL EDUCATION CREDITS AS REQUIRED FOR THEIR ANNUAL STATE BOARD OF MEDICAL EXAMINERS RELICENSURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,000

Program Service Revenue $86,767

Investment Income $11,394

Other Revenue $0

TOTAL REVENUE $118,161

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,662

TOTAL EXPENSES $121,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,161	$99,103	+0.2%
Expenses	$121,662	$74,838	+0.6%
Net Income	$-3,501	$24,265	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN B SIMPSON MD PRESIDENT	UNTIL MAY, THEN IMM. PAST PRES.	3.00	Officer Director	$0	$0	$0
ARWEN PODESTA MD PRES ELECT	UNTIL MAY, THEN PRESIDENT	3.00	Officer Director	$0	$0	$0
SHAWN MCNEIL MD	IMM. PAST PRESIDENT UNTIL MAY	3.00	Officer Director	$0	$0	$0
J CHRISTOPHER BUCKLEY MD	TREAS. UNTIL MAY, THEN PRES. ELECT	3.00	Officer Director	$0	$0	$0
MAEGHAN DAVIS MD	SECRETARY	3.00	Officer Director	$0	$0	$0
RACHEL VOSS MD	TREASURER AS OF JUNE	3.00	Officer Director	$0	$0	$0
ROBERT DAHMES MD	DIRECTOR	3.00	Director	$0	$0	$0
TERRI WATSON	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$0

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	$118,161	$121,662	$526,400	$-3,501

LOUISIANA PSYCHIATRIC MEDICAL ASSOCIATION